New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-06-11
BY TELEG GRAPH,
CONGRESS.
Senate.


WASHINGTON, June lO.-Mr. Morrill,, ol
Vermont, spoke upon the resolution return.
ing thanks to the State of Vermont for the
statue Of Ethan Allen, contributed by that
State for the national statuary hall.
No quorum. Adjourned.
House.
The bill amending the bankrupt act
passed.
The bill reducing the staff of the medica
corps OF the army passed.
Mr.. Cox, chairman of the Committee on
Banking and Currency, having called Mr.
following bill:
That the Secretary of the Treasury
under such limits and regulations ss will
best secure just and fair distributing of
the same through the country, may issue
the silver coin now in the treasury to an
amount not exceeding $4,000, 900, in ex-
change for an equal amount Of legal tender
notes, and the notes 80 received in ex-
change shall be kept - . special fund
separate and apart from all other money in
the treasury, and be re-issued only upon the
retirement and destruction of . like amount
of fractional currency received at the treas
ury in payment Of dues to the United
States, and said fractional currency, when
90 substituted, shall be destroyed and held
a. part of the sinking fund. as provided in
the act approved April II, 1876. Passed
without division.
The same committee reported the follow
ing: That in addition to the amount of cub
sidiary coin authorized by law to be issued
in redemption of the fractional currency
it shall be lawful to manufacture at the
several mints, and issue through the treas
ury and its several officers such coin to the
amount of 42O.OO0,0OO.
Second-That the silver bullion required
for this purpose shall be purchased from
time to time at the market rate BY the Sec-
in the treasury not otherwise appropriated,
and the resulting coin may be issued in the
ordinary disbursements of the Treasury, OF
in exchange for legal tender notes 1T par
but NO purchase Of bullion shall be made
under this act when the market rate for tn
same be such "a will not admit OF the coin.
age and issue or exchange - herein pro.
vided without loss to the Treasury, and
any gain or seigniorage arising from thus
the Treasury ss provided under existing
laws relative to the subsidiary coinage; pro-
vided that the amount of money at any ono
time invested in such silver bullion, exclu-
sive of such resulting coin, shall not ex-
oeed 81. 100000.
SEC. 3. That the trade dollar shall not
hereafter be legal tender, and the Secre-
t0Iy VI Uu0 AT0dcUEy 10 A0ECUy 0uguUIlA00
to limit from time to time the coinage
thereof to such an amount as he may deem
sufficient to meet the export demand for
the same.
Mr.. Reagan, of Texas, moved to strike
out of the second section the words, "or in
exchange for legal tender notes at par"
also to strike ont the words, ''0r exchange"
The amendment was agreed to.
The bill as thus amended was then passed
without division.
Mr. Levy, of Louisiana, offered q resolu-
tion instructing the special committee ON
Louisiana affairs to investigate the out
RACES alleged to have been recently COM
mitted in West Feliciana, in that State.
Adopted.
In the sub judiciary committee, Mr..
Hunton said: Mr.. Blaine, the committee
desire me again to request the production.
of the letters taken from Mr.. Mulligan.
Mr.. Blaine-You know the grounds on
which claim the possession of theml
Mr.. HuntOn-Yes, sir.
Mr.. Blaine-1 have not changed my mind.
Mr.. Lawrence, q member of the coninit-
tee, said he did not concur in the de:uaad
for the letters.
Mr.. Hulton-The committee also direct
me to ask you to produce the memorandum
accompanying the letters.
Mr.. Biaine-I have the same reason
against producing that.
Mr. Hunton-Then 1 understand yon de-
cline to give them up!
Mr.. Blaine-Yes, sir.
Adj surned to MOnday.