Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-03-27
CONGRESSIONAL,
Sherman's Currency Compromise
No Action Taken on the Measure.
House Rushes Through hMcC Crary's
Railroad Bill,
Establishing a Board of Nine
Commissioners,
To Regulate the Interstate
Tariff.
SENATE.

petitions, and said the habit had grown up
in the Senate recently of reading the names
of petitions and commenting on the con-
tents. The rule required each Senator pre-
senting petition to make a statement OF
the object thereof, and the practice OF
making comments was clearly out of order.
Hereafter he would enforce the rule.
Mr.. Ferry, of Michigan, presented joint
resolution of the Legislature of that State
asking an appropriation for the improve
ment of Saginaw river. Referred.
Fifz Hugh Lee.
Mr.. johnson presented petition of Fitz
Hugh Lee for the removal of his political
disability. Referred.
Mr.. Logan presented memorial signed
by 500 business men Of New York City for
free banking and an increase of the cur
rency. Referred. He asked to read the
letter accompanying the petition but the
chair ruled il ont of order.
MortOn-You can read it after morning
hour.
Logan-WeIl, will do so.
Mr.. West called up the House bill ap-
propriating $4,000 to continue dredging at
the mouth of the Mississippi river. Passed.
| New Mexico.
Mr.. ingalls, introduced a bill TO enable
the people of New Mexico to form a consti-
tuition and State Government, and provid-
ing for the admission of the Slate to the
| Union. Referred.
Mr.. Morton presented a resolution of the
Chamber of Commerce of Evansville, Ind,
in favor Of an amendment of the act of 1872
! authorizing the construction of bridges
across the Ohio river, so as to provide that
they be constructed Of continuous spans,
400 feet each, and two pivot draws of 100
feet each. Referred.
House bill concerning the practice in ter
ritorial courts and appeals therefrom, was
| taken up, and an amendment of Mr.. Stey-
enSOn, providing that the provisions of the
bill should not extend to cases in the
Supreme Court where the record has al
ready heen filed, was ageed to, and the
bill passed.
Mr.. Wright from the Judiciary Commit
tee reported unfavOra6ly on the bill to re-
move the political disabilities of John c.
Cabell, of Texas. Cabell recently accepted
a nomination for State Office.
Currency and Free Banking.
The morning hour having expired the
chair announced that he Senate would re-
sumo consideration of Ire bill to provide
for the redemption and reissue of United
States notes and for free banking.
MIR. Sherman called up the resolution
submitted by him yesterday, and amended
it so as to provide that after o'clock to-day
the debate should be limited 10 ten minutes
for speeches on each amendment and that
it should be in order to move recess from
TO 7:30 P. NJ.
Mr.. Hamlin proposed that a general
| agreement be made to commence voting at
3O'clO:ktO-day, and after that hour speeches
on each amendment be confined TO ten
minutes on the part of each Senator.
After some further discussion, Mr.. Ham,
lin modified his proposition so as to pro-
vide that voting should commence at 4
O'Clock instead of 8, and as modified it was
agreed TO.
Mr.. Scott said the bill from the commit
tee did not command his entire approval,
but he was disposed to adopt it. He would
lie governed by circumstances astO whether
he would offer any amendments on some of
the provisions of the bill. He was paired
with his colleague (Cameron), who was
detained from the Senate by the death of
member of his family. But on other
provisions, which they both agreed to, he
would vote.
Mr.. Fenton announced that he would
vote against the bill.
Mr.. Morrill, of Vermont favored LEGAL
tenders, dollar for dollar, as national bank
nO!es would be issued.
Mr.. Logan said this bill had been report
ed here by the Finance Committee, and he
had not heard a single member Of the COM
mittee speak in favor of it except the chairs
man, and he (Logan) believed he wa
rather doubtful. The committee asked
the Senate to vote for the bill, when all its
members We're against it. ...
The hour, o'clock, having arrived. the
chair announced that the ten minutes rule
would be enforced, in accordance with the
agreement entered into this morning.
Mr.. Howe said he would vote against de-
ducting from the circulation of legal ten
ders, and was also opposed to their in
crease. He would therefore support the
bill of the committee, believing it best to
leave the circulation as it is at present.
Mr.. Thurman said although the bill of
the gentleman from Missouri (SchurZ)
should be adopted here it would not pass
the other House, after the vote of Monday
in that body. .....-
The question being on the amendment
of Mr.. SchurZ to strike out So and insert
56, so that the maximum limit of United
States notes should be S356,000,000 instead
of 1882, 100000, as reported by the commit
tee, it was lost-lS yeas, 40 nays. Brown
low not voting, and Cooper voting in the
negative
Mr.. Wright moved to strike out the
whole Of the first section of the bill after
the enacting clause, and insert that the |
amount of United States notes for circula- |
ton is hereby fixed at 400,0O0,O00.
Mr.. Morrill,, of Vermont, moved TO |
amend the substitute by inserting after the |
word dollars as follows: At which amount |
it shall remain until reduced as hereinafter |
provided.
Mr.. Wright opposed the amendment, and |
said it could be adopted afterwards. He |
thought the fourth section of the bill was |
the same as the amendment of the gentle |
man from Vermont, (MOTTill.)
Mr.. Conkling said if the amendment of
the gentleman from Iowa (Wright) should |
prevail now, it would be only logical for |
majority voting for it to vote down the |
fourth section of the bill, which provided |
for reduction of legal tenders down to the |
sum of S3OO,0O0,000. The time TO resist |
the amendment was now, as they should.
Mr.. Sherman said if it was the intention |
Ofthe Senate to declare that as the maxi |
mum limit of greenback circulation, alarm |
would be created throughout the country. |
He opposed the amendment of Mr.. |
Wright.
Mr. Conkling said he knew nothing TO |
equal this proposed action since he had |
been in the Sena.e, except once, and that |
was the refusal to insert provision forbid |
ding the Secretary of the Treasury to re-
issue the 81, 100000 reserve, because some |
Senators thought it was not necessary to do |
so. He hoped the Senate would not be so |
hoodwinked now as not TO see the designed |
difference between the words maximum |
amount and circulation. Did any man
suppose il was mere matter of style which |
led the Senator from Iowa (Wright) to use
this language? II meant to jump over
everything known as legal tender reserve, !
and if the amendment should be adopted,
reserves could be issued in addition TO the
S400,000,0 900.
Mr.. Wright denied that such was his in
tention, but he preferred the amendment
as he had wOrded it.
Mr.. COnkling said the Senator from Iowa
would not waste time over words if they
did not mean something, as gentlemen
went for things, not forwor1s. He (COnk- |
ling) hoped the amendment Of the Sena-
tor from Vermont (MoTrilD would be
u