The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-05
HOUSE OF REPRESENTATIVES,.


ministration in the Civil servioc--
Enort to Suspend the Functions OF the
Impe"ched Oficials-Judge Kelley In
Opposition to the Currency Act-ssA Bin
to Increase the Market Price or United
States Bonds and to Prevent Specu,a-
ton Therein"
WASHINGTON, April 4, 1874.
In the House this morning Mr. Butler, OF Massa-
chusetts, asked leave to report from the Judiciary
Committee bill to prevent INSTRUMENTATION in
the civil service OF the United States BY officers
against whom impeachments have been presented.
The bill provides that whoever being civil officer
OF the United states except the President and
Vice President) shall be impeached for high crimes
and misdcmeanors by the House or Represents
uves. shall thereupon be suspended from all Iunc-
tons ana authority vested in him by virtue OF his
oflce, until he shall be discharged from such inn
parchment by the Judgment OF the Senate or by
the Withdrawal OF such impeachment by the House
oil Representatives.
The second section provides that the duties, u-
risdiction and powers OF every suspended or,ccr,
during the term OF such SUSPENSION shall
be exercised by any other officer au-
thoifZed by law 10 exercise the functions OF the
office. In case Of the resignat ion, death or inab
ity OF sucn civil officer or in case no provision l.
made by lazy. 1t authorizes the President to ar.
pended officer and to receive the salary ana emol-
umcnts belonging to the oflicer.
Mr.. q. F. HOAR, rep.) or Mass, asked whether
the bill included Judges OF the supreme Court
Mr.. BUTLER replied that il did. and it was re-
ported IN view OF certain judges. The judiciary
Committee had now before IL
CHARGES AGAINST THREE JUDGES
involving their honesty me integrity OF their jll-
dicial administration and their fitness OF charac-
they might stl 80 and exercise their unc ions
ana decide all questions In their courts. He had
now in his mind one judge (alludng to Judge
Durell, against whom II was alleged that as soon
as he could hold his conrt long enough to clear up
all hls business Tor his friends he would resign.
That might or might not be true. He also men
toned the case OF Judge Deiahay, Of
Kansas, who, having been impeached last
session Tor drunkenness and lncapacity,
but the senate not having time to try him that
session. went and held his onice TIL the bcgll,-
ming OF this Congress anu then, when the Judlci-
airy Committee began TO move against him, ne re-
| signed. 1t was great scandal that an impeached
oifcer should continue to exercise the functions
| Of the ONCE. An Impeachment by the House OF
| Representatives Tor high crimes and msdemean-
| ors ought at least to operate as suspension as
much as the mere TACT of the President suspend
Ing an officer until the next meeting OF Congress-
Mr.. @. i. HoAR suggested that the bill should be
set down Tor some time In the future. 1t pre-
| sented very grave and constitutional question
/ indeed.
Mr.. BUTLER had no objection to that, and sus.
gested this day fortnight
Mr.. MoREY. rcp.l Or La, objected to the bill be.
Mr.. BUTLER ito Mr.. Morey,-That will not save
. Mr.. MoREY--If you want to mpeach Durell do II
directly, not indirectly.
Mr.: BuTLKR-l do not want to do 1t indirectly.
objection being made, the bill was not reported
| to the House.
Alter the consideration OF large number of pr.
vate bills in Committee OF the Whole the commit
tee rose ut three O'Clock, and soon after
The House resumed
THE CONSIDERATION OF THE CURRENCY BILL.
and was addressed by MIR. Kelley, of Pcnnsy lvania
in opposition the bill and in favor OF the o. O,
bonds biz introduced BY him. He regarded the
O a 4 sYrnn do IA.
country aud the revenues. Its title was de-
lusive. 1t was represented in the till as
proposing to establish Tree banking. He
was in favor OF free banking. and. therefore.
he was opposed TO this BILL which sought to ex-
tend the monopoly banking system which had
already become odious to the country. 1t pro-
posed to extend the provisions Of the present law
as TO the deposit OF bonds 70 secure circulation so
tnat it might wen be entitled "a bill to increase
the market price OF United states bonds and TO
promote speculation therein" The deposit OF such
bonds was NOT essential to banking and was at
war with judicious system Of banking. Banking
was the borrowing ana lending OF money on credit
and nvoived the use Of very little money. The
aankns "s No An sysssn banking system n tas
preceding age, had ever gone through insoyency
without involving ruin to the banks and loss to
biilhoders and general arrangement TO the coun-
try. The only banking system that had main
tanned Its integrity haa been that which had dis
carded bullion as security for the redemption OF
notes. The free banking system OF New York, In
which United states securities and bonds OF the
State OF New YORK had been deposited to secure
the notes, and the Bank OF England. whose issue
OF Ga 900 900 was secured by the deposit OF gov
eminent securi,es were Illustrations OF the truth
OF the statement. Who had ever lost dollar by
the note OF one or the New York free banks Who
had ever lost pound by the notes OF the Bank of
England, or who had ever lost dollar by the fail
dollars worth OF any American productions No
man. He challenged all history for a parallel to
that in banking system where the banks pro-
posed to redeem their notes IN specie
Mr.. ELDREDGE asked Mr.. Kelley whether q man
who bought a United Stares oond-another prom
ise Of the United States-with greenbacks or ma
tional bank notes has NOT to take some twelve ana
OF the note?
Mr.. kRLLEY declined to answer saying that ne
preferred to make his own speech, and would
listen attentively 20 Mr.. Eldredgc whenever he
got the moor. The bin was deiusye in promising
Tree banking ana In promising to increase the
volume OF the circulation by making 1t lree The
south and West were IN no condition TO buy bonds
IN speculative market, rs they would have to do
In order to establish banks II the bill passed.
They were in no better condition TO do so now
than they mad been for the last iour years, and n
new banks were established under the bill in the
South and West it would be by capitalists
and capital now east OF the Hudson. They would
REPRESENT AN ABsEETEEIsM
which would be as fatal TO the industry and pros
perity OF those sections as the English landhoder
unhappy island. Passing on to the question OF
bank currency, ne argued that the power to issue
and could not be delegated without danger 70 .Ss
government and to the people, especially to the
current trade and commerce or tho country. He
maintained the proposition that the paper money
emitted by q government should be based upon
the taxable property and taxable power OF the
country, and that government issue promising
TO pay specie would be fraught with the same de-
luaiye snares that bank promises TO do impossible
things were fraught with
SPECIE PAYMENT A DREAM.
All talk OF resumption OF specie payment at THIS
time was dream without shadow OF foundation,
and they who talked 1t followed the teachings OF
men who proclaimed their science to be science
based on assumptions and presenting prtors
results IL was like the Oriental theory OF crca-
tion--that the world rests an elephant the ele-
plant rests on tortoise and the tortoise was pre-.
suincd or supposed TO rest ON something, aud II
the presumption was wrong then the theory was
not exactly highland SO With this science oil re-
sumption. All talk OF specie redemption was IDLE.
The redemption Of bonds would have to preccde
the redemption OF notes
THE ANNUAL INTEREST fAfD IN EURoPE
on government bonds was about SlO0,OO0.00O A
Ike sum was paid in state, municipal and cor9N-
rate bonds, and about 500, 100000 was spent by
! American travellers In Europe. Where was the
! gQla ohtstpeQ u nay wHps lbe paaes ufQWcea