New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-05
CURRENT TOPICS AT TIE CAPITAL.

REPRF SENTATIVE BURCHlRDs FINANCIAL BILL
WASHINGTON Wednesday, Feb. 4, 1874
The following Is the text Of Mr. Burcbards financial
bill, before the Committee OF Ways and Means.
summary OF which has already been printed IN THE
TRIBUNE. This bill. with the two others already printed
completes the entire list of financial measures before
the Committee. It's probable that each member Will
report his bill TO the House at future day. al
though Is possible that majority OF the Committee
may yet harmonic Its views and agree upon single
bill.
authorized upon the credit Of the United Siaes
hundred million dollars in snch form prescribe snd demon
20 ySsr, & The date ofiier Us and 5ssras u = S rate Of
cntum Aunom PAYABLE semsurul in coin which bonds
wei from TAXATION in form by uodsr State munc
o. said bonds FOR the Of beng ued security FOR 'ek ;ea1
United upon application therefore heron
SIC That whenever application shall t mad. 10 Controller Of
the Currency authority under the povinon Of the act en' An
S 20 s0S'S 70 monde M % circulation and daocu hrsot
sppoyed June B. 1864 and OF the several se smsnofr thereof
national banking associations already organized upon tae deposit
under The provisions Of sad e security or s1el circulation Of the
bonds herein authorized TO he Issued PERMISSION shal be s'en
delivery 10 the Treasurer Of ne t9ea sis'ss 81 gsaur hs 70
Is,mss o. e5eh5agf FOR such Bonds . Tss sa a we 9
standing tb total amount Of circulation heretofore authorized sd lin
rueh circulation to applications made by banking asoos
organized proposed to be organized stses or Territories HAVING
8 Secretary q the Treasury shall retire ana cause to
on SSvne FOR The bonds author I to he sue under The
a s rSrSS 1 ss IS SO 1 5000 Of so aoSe. re- be
oe Ingc for bonds Of the United states as provided
Size United stats a1 Of the Assistant Treasures Of sn' inter
og ~ ne u note 10 he amount Of
CIV o. ,nt - h - hn ~ NJ. 5erosS Min
s1h ssu the interest sccrung thereon shall cease and Be forfeited
Treasury the Of such bond Of the amount Of n
s no ox pPH SspS n Stg Sdh the s G @ and @
Orpopa interest detached thoson for the PenOd
SIC s after the lst day OF l;nuAy 1877 ID.
PeeutOq Of Vuted States legal tender mote By the so.I
redemption such shall be pad by oca Treasure or Assistant
belonging to ID, United states aos The SeeIss Of tho ,,s
provided the outstanding Of such and
oih Uned STATE es95 o 9oe and cert ts RyS on demand
belonging the United States the Secretary Of the Treasury my re-
9 That hereafter every national banking association ,h, be
by becoming due 10 such backing
ne Of a Tinted s ss, for s S be- p by
such BANKING aOcadon shall Of coin United States ser'd
THE STAFF CORPS OF THE ARMY.
The STAFF Corps OF the army have been undergoing a
process Of gradual reduction by deaths and designations
since 1870, when the law was passed prohibiting any
further appointments and promotions. The same law
reduced the line OF the army and threw large number
of line officers ont of the service. The staff was more
tenderly treated and allowed to reduce itself TO proper
gradual process OF shrnkage. The stan officers have
since abored TO get the law repealed that their
corps could be filed to their full force in 1906 when
the minimum strength OF the army was $4,000 men. In
some Of the corps the reduction has gone far enough
but IN others it ought to 20 still further. The Military
Committees OF the two Houses ought to report some
general bill fixing the number and grade OF officers in
CORPS to adapt to the requirements OF our
present force Of 5000 No effort appears
TO making in tins direction, however and the legsa-
i lion I'D n 20 nj hgF
effort favor a single corps aud give II the promotions
/ denied 10 the others.
| THE PROSPECTS OF A SHORT SESSION NOT IMPROVING.
TIE prospects for short session are not nearly q,
good they a fortnight The Senate Is doing
next to nothing; and In the House day after day slips
away without any sensible progress being made with
the important public that must necessarily be
passed sooner later. The House. with its increased
membership and its unusually large number OF new
members, has became unweldy and impracticable
body The difficulty Of transactng business with toer
able dispatch increases the session wears on because
The new members begin feel ut home upon their feet
ana insist upon speaking upon every question that
arises great deal OF time is consumed In debating
tfN ia questions and in making speeches for bumcombe
on not than half OF the daily talk has
any influence direct bearing upon legislation, aud
bill that Introduced offered with
futhcr than TO the OF Its authors Into
| the newspapers. Unless the Senate stops It's long
winded speeches, and the House ITS billmaking aud
purpOhelehs talk, thc session Will he lrOtfHcted unl
! the Leats VI midsummer GTive Congress away.
REPRESENTATIVE y. H. ROBERIss SPECIE PAYMENTS
Tue speee Payments bill al mr. f. II Roberts attracts
cou'idoiahio attention 'rJm nenDore who to reach