Martinsburg independent. [volume] (Martinsburg, W. Va.) 1875-1900, 1876-01-08
FROM WASHINGTON.
Special CorTespondencef Independent
WASHINGTON, Jan. s, 1876.
ExAM1NER.


WASHINGTON, Jan. 5, 1876.
The reassembling of Congress to-
day, has enlivened matters in po-
litical circles, and from this time
forth until the close Of the session
lively times are expected.
RESUMPTION BILL.
Mr.. Morrill,, of Vermont, in the
Senate to-day presented bill to
further provide for the resumption
of legal-tender United States notes
in accordance with exising law.
1t authorities the Secretary of the
Treasury to issue, sell or dispose
of at not less than par in legal
tender notes either of the descrip-
tons ofthe bonds of the United
States bearing interest at a rate
not exceeding four and a half per.
cent, per annum, described in the
act of Congress, approved July IA,
1870, entitled San act to authorize
the refunding of national debt"
with like quantities, privileges and
exemptions to the extent necessary
to carry into full effect the act APP
proved January IA, 1875, entitled
San act to provide for the resump-
ton of specie payments" and to
use the proceeds thereof for the
purposes afore said. And the said
legal tender notes so obtained upon
the issue of said bonds shall be
held and considered as part of the
final redemption of such notes pro-
vided for in the act of Congress
last mentioned, and shall be treat
ed accordingly and Cancelled Pro
vided, that the principal of the
bonds herein authorized may be
made redeemable at any time af-
ter not less than nor exceeding for
ty years from the date of issue.
All contracts entered into after the
LIST day of January, 1878, shall be
payable in accordance with the le-
gal tender standard of gold and
silver uness otherwise provided at
the time of the contract. All ma
tional banking associations shallbe
required to hold in coin as part of
their lawful money reserve on and
after January l., 1877, one-fourth
after January 1, 1878, one-half
and after October /, 1878, three
fOurthS.
NAVAL EXPENSES.
An examination of the estimates
for appropriations for the Navy
department, now before the House
Committee on Appropriations,
shows that there is no deficiency
for money supposed to have been
expended by the Secretary of the
Navy in fitting out vessels of the
navy. The impression has gone
abroad that the "bush note of pre-
paration" which was heard in all
the navy-yards for several months
before the assembling of Congress
involved the departure in heavy
expenditures beyond the regular
appropriation, and it was suppos-
ed the Secretary would ask for an
appropriation to cover the deficien-
cy. The fact is, there is no deficien-
cy on this account. All the money
expended was taken from savings
from the regular appropriation,
which the Secretary judiciously
used to put the vessels of the navy
in an efficient condition. With
regard to the proposed "cutting
down" the appropriations for the
navy, it is understood Secretary
Robeson will not interpose any OBJ
lection. He takes the ground that
if the deficiency of the service is
impaired by the proposed action
of the democrats in Congress, the
responsibility will rest with them,
and not with him or the depart
ment He proposes to run the de-
partment, while he is at the head
of it. upon whatever funds Con-
gress chooses to give him. He has
no idea of mourning any responsi-
bility in the matter of defiencies.
sNUBBING THE LIBERALS.
The policy of the Democrats to-
wards the liberals i; not calculated
to draw to them much strength
from the latter political element
In the House, Mr., Banks, who was
Interested in the one employee, a.
G. Broadstreet, did not carry the
necessary weight to have him re-
tanned. Yesterday he was bounc-
ed, and now the distinguished
Massachusetts statemans can reflect
upon the ingratitude of political
parties.