The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-01-06
THE FORTY-FOURTH CONGRESS-.
SENATE.

WASHINGTON, Jan. o. Communica-
tions received from the Secretary Of
War, transmitting the report OF the
Chief of Engineers in regard to the
amounts appropriated for the improve
mentaof the mouth of the Mississippi
river, Fort Jackson and Fort St. Philip.
Ordered printed and laid on the table.
Also, from same, renewing theTecOm-
mendation that the military reservations
at Camps Crittenden and Grant, Arizona
Territory, be transferred to the Interior
Department, for disposal under the pub
lie land laws. Ordered printed and lie
on the table.
Mr.. morrill, introduced a bill to pro-
vide for the redemption of the legal
tender United States notes, in accord
ance with the existing law as follows:
"Be it enacted, &C., That to further
enable the Secretary of the Treasury to
provide for the redemption OF legal-.en.
| der United States notes, in accordance
with existing laws, he is authorized to is
sue, sell or dispose OF, at no less than par.
in legal-tender United States notes,
either OF the descriptions OF the bonds Of
the United States bearing interest at a
rate not exceeding ~ per cent. per an
mum described in Inc act Of Congress
| approved July 14.h, 1870, entitled, IAN
act to authorize. the refunding OF the Ma.
Itional debt with like quantities and
privileges Of exemption to an extent
necessary to carry into full effect the act
of Congress approved January 14th,
| 1876 entitled IAN act for the resumption
of specie payments and to use the pro.
ceeds thereof for the purposes aforesaid,
ana the said legaLtender notes 50
obtained upon issue of said bonds
| shall be held and considered as
ia part of the final redemption OF
such notes provided for in the act OF
| shall be treated accordingly and can
celed: Provided that the principal OF the
bonds herein authorized may be made
redeemable at any time not less than &C
por exceeding 40 years from their date
Of issue.
ssSEC. 2. That all contracts entered in.
to or made after the fret day OF January,
1878, shall be payable in accordance with
legal-tender standard OF gold and silver
unless otherwise provided vt the time OF
contract.
"SEC. 8. That,aIl rational banking assc.
Citations shall be and hereby are re-
quested to hold in coin as a part of their
lawful money reserve on nand, after the
first day OF January, 1877, one-fourth;
after the first day Of January, 1873, one
half; alter the first day OF October. 1878,
Ethree-fourths."
Various other bills were introduced,
the only one of general. interest being by
Mr.. Conkling, to amend the act for cre-
ating National currency secured by
pledge OF United States bonds,
and to provide for the circu.
llation and redemption thereof, ap.
proved January 8, 1884, Referred to'the
Committee on Finance. 1t is copy OIL
the bill of same title reported from the
Senate Finance Committee April IA
1874 relating TO the National Banks in
liquidation and proceeding to enforce
the individual liability OF stockholders
HOUSE.
WASHINGTON, Jan. SIN the House
Mr.. Kerr occupied the chair, in appa
rently good health. After short sitting
OF the House as Committee of the
| Whole, the resolution in reference 10 {
distribution of the work IL
the Rresidenvs message was passed
No committees were ready to report bu,
| a nunber of bills wereintfoduced on ths
call. Among the resolutions offered was
one by Mr.. Caultielu stating tina
certain charges haye.been made imply
ling fraud and misInanagement in tn
| construction OF the Custom-house ant
Postoflice building. in Chicago, and in
| structing the Committee on Public
Buildings and Grounds to enter into a.
Investigation of such charges. Adopted