New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-06-10
visi,ed BristoW.

Visited BristoWs --a+h- go
WASHINGTON. June 9-The Committee
on Ways aud Means visited Secretary Bris-
tow to day.
IS The Army saved.
The Senate Military Committee agreed to
postpone consideration of the House bill
for the reorganization of the army till next
session. IL -- -
.-s-. Ne CoAclaessn.s eGt =: r.
The conference COMMITTEES on the Freed
mems Bank reached no conclusion. , p
Protesting.
A delegation of Western tobacco manu-.
facturers ia here to protest against the m
discriminate sale Of loose tobacco by pro-
ducers.
The Committee on Printing sustain Colo
mel Clapp, the public printer. @ :,
None.
There were no Southern nominations to-
Louisiana Judicial Districts.
The bill which the Senate passed y ester
day divides the State of Louisiana into two
ildicial districts and creates court of tho
United States for the district north of Red
river.
The Louisiana Case.
The votes on the Louisiana election case
| in the House were Is follows:
|. That Pinchback ia entitled to the seat
prima facie. Lost without division.
2. That Sheridan was elected. Lost by q
vote of II to las.
3. That Pnchback was not elected. Lost
by a vote of "a to l2l.
4. That the testimony does not show that
either was elected, and that they may take
| further testimony.
Carried without division.
Tho Compromise Currency Bill.
Ths currency bill submitted by the con
| ference committee to-day provides that the
| national currency act shall hereafter be
known as the national bank act. Among
| the provisions are the following:
| That the entire amount OF United States
notes outstanding and in circulation at any
| one time shall not exceed the sum o.
$685., ,OO0, 900, which shall be retired and re
| dnced in the following manner only, viz
| Within thirty days after circulating notes
to the amount Of 81 100000 shall from tint
| to time be issued to national banking asso
Citations under this act in excess of th'
highest outstanding volume thereof at any
| time prior to such issue, it shall be the dut.
of the Secretary of the Treasury to retlr'
an amount of United States notes equal t.
three-eighths of the circulating note
80 issued, which shall be in reduction
of the maximum amount of $685., ,OOO, ,OO
fixed by this section, and such reduction
shall continue until the maximum amour
of United States notes outstanding shall b.
100000, 900, and United States notes 80 re
duced shall be cancelled and carried to tn
account of the sinking fund. 1t also Pre-
vides that on and after the first day o
January, 1878, any holder of United State
notes to the amount of $50, or any multipl
thereof, may present them for paymen
at the office of the Treasurer Of tn
United States, or at the Office of the Assis,
ant Treasurer at the city of New York, an
thereupon shall be entitled to receive, q
his option, from the Secretary of tn
Treasury, who is authorized and require
to issue in exchange for said notes An equs
amount of either class of the coupon or reg
istered bonds of the United States; pr
vided, however, that the Secretary of tn
Treasury, in lieu of such bonds, may n
| deem said notes in gold coin of the Unite
States.