The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-04-11
F0RTY.F0URTH CONGRESS.
WAsH1HaToN, April 10.
SENATE.

| 49, sA0 SOh1SO ouIiak bAC
hour large number Of bills and petitions
were presented and referred.
| Mr.. Boutwell,, from the special COM
mittee appointed 10 investigate the re-
cent election in Mississippi, submitted q
resolution authorizing that committee to
employ clerks and stenographer, to
send for persons and papers, to take tes-
timony, &c. Agreed to-
Mr.. Morrill, from the Committee on
Appropriations reported favorably on
the bill appropriating $4,000 10 defray
the expenses Of Especial committee ap-
pointed to inquire into the late election
in Mississippi.
Mr.. Hatchcock from the Committee
on Territories reported favorably on the
bill to establish the Territory of Pembina
and provide temporary government
therefor. Placed on the calendar.
House bill to provide for the defcien-
cy in the printing and engraving bureau
of the Treasury Department and for the
issue Of silver coin of the United States
IN place of fractional currency. Mr..
Sherman explained the provisions of the
bill and amendments proposed by the
Senate Finance Committee at length.
Pending discussion the morning hour
expired and the Chair laid before the Sem
ate the unfinished business, being bill
fixing the rate of postage Oh third class
mail matter.
1t WAS laid aside informally and Mr..
Sherman continued his speech.
In his opinion there were but two
things more needed to make this q
perfect financial measure and they were
to authorize any holder of greenbacks to
convert them into four per cent forty
year gold bonds and TO exchange our six
per cent. bonds for four per cent ones.
Then specie payment would come with
out a rifle in the current. Another
thing he believed IN was an International
Convention for unit of money and ac-
counts both of gold and silver.
The debate was further continued by
Messrs. Morton, Morrill, of Vermont and
Bogy.
Mr. Sherman said it was very import.
ant that the first and second sections of
the bills be passed Immediately, as the
country was getting scarce Of change.
He suggested thst those two sections be
passed, leaving oat the third and fourth
sections, with the understanding that
the Committee on Finance would con-
slider tie subject embraced in them and
report it US an independent measure.
Mr.. Sherman then by unanimous con-
sent, withdrew the third and fourth sec
tions of the bill, the first one comprising
the third section Of the bill as it passed
the House, which had been amended by
the Senate Committee on Finance.
MIR. Morri.l, of Maine, said 1t was
vastly important that the first and second
sections of the bill should be passed in
order to supply National banks with cur
rency. TIere were now one hundred
aud nipety-fve National banks without
currency.
Mr.. Sherman said, speaking for him.
self and others that he ,Mished-it to be
understood that they were'not opposed
to the third and fourth sections, but with
drew them merely to have the public
business expedited.
Mr.. Morrill,, of Maine, moved an
amendment to the first section, appro'
priating $4,000. to provide for the en-
CRAVING and printing Of National bank
notes to be dlsbursed under the Secretary
of the Treasury. He sent to the clerks
desk and had read letter from the
Comptroller of the Currency, urging the
appropriation.
The amendment was agreed TO-.
Mr. Sherman submitted an amend
ment as follows: Sand fractional cur
rency redeemed under this act shall be
held to be part Of the sinking fund pro-
vided for by existing laws, the interest
to be computed thereon as in the case OF
bonds redeemed under the act relating to
the sinking fund" Agreed to.
The bill was then read three times and
passed.
The bill as amended is as follows:
Be it enacted, etc.:-SEC. l. That there
be and hereby is appropriated out of any
money IN the treasury not otherwise APP
propriated the sum Of $l63,0O0 |
TO provide for engrossing, print.
ing and other expenses OF making |
and issuing United States notes, and q
further sum OF s4,sG0 to provide for on
craving and printing national bank |
notes to be disbursed under the Secretary !
of the Treasury.
SEC. 2. That the Secretary Of the
Treasury is hereby directed to issue silver
coins OF the United States, of the denomi |
nations Of 10. 20, %, and 80 cents, OF
standard value, in redemption Of an |
equal amount of fractional currency |
whether the same be now In the Treas
ury awaiting redemption, or when
ever it may be presented for redemption,
and tho Secretary Of the Treasury may, |
under the regulations Of the Treasury |
department provide for such redemp- |
ton, and issue by substitute at the regular !
and public depositor'e: OF
the United States, until the whole amount
of the fractional currency outstanding |
shall be redeemed; aud fractional cur.
rency redeemed under this act shall be
held to be part OF the sinking fund pro-
ylded for by existing law, the interest TO !
be computed thereon, as in thescase OF
bonds redeemed under the acts relating |
to the sinking fund.
Mr., Morrill,, eff Maine. submitted the (
following:
Resolved, That the Committee Of the
District OF Columbia be directed 70 COM
municate to the Senate the amour: OF the |
c, rtifcateso "A iebted q ess, commonly call
ed yreenb.cks issued by virtue Of the acts |
of the assembly of the District Of Col
umbia and OF Congress, also the amount !
of assessments made IN pursuance OF !
said acts to secure the payment of said |
certificates of indebtedness. the amour.
of said assessments collected and the
amount outstanding u.paid, if any, and !
the reason Why the same have not been |
collected. andlwhe;her any further leeis- /
lstioa in the premises h necessary. |
Agreed 10.
After the executive session the Senate
adjourned.
HOU0E.
Under the call Of States large
number of bills verc introduced and re-