The New York herald., 1877-11-01
GENERAL WAsHINGTo On DISPATCHES.

Tho House Committee on Banking and Currency, at
meeting this morning. decided to report at tho earli.
est possible opportunity. with recommendation for
passage, Mr. Ewings bill repeal the third OF
the Specie Resumption act OF January IL, 1875.
Tho committee were divided as iollows:-fn favor OF
tho bili-Mcssrs. Bnckner, OF Missouri; Ewing Of
OHIO; Yates, OF North Caroina HartzclL OF Illinois;
Bell, OF Georgia. Fort, OF Illinois, and Phillips, OF
Kansas. Total.
Opposed to 1t were Messrs Hardenburgh. of Now
Jersey; Chit,enden, OF New York. Hart. Of New
York. and flames, Of Rhode Island. rota-4.
Tho minority urged that time shoud be allowed for
investigation aud discussion OF tho measure in COM
mittee before taking a 1na vote upon IL, and Mr.
Fort OF Illinois, though In favor OF the BILL voted
with them against reporting 1t to-day. The other
friends OF the bill insisted however that the subject
had been fully discussed heretofore, and that the
country demanded action upon 1t durrg this session
OF Congress.
Mr.. Fort stated that he was IN favor Of amending
the bill SO TO exempt from the proposed repeal
all that portion oi the third section which provides
free banking.
Aner tho committee had acted on the question OF
reporting this bin Mr. Ewing submitted motion to
Immediately proceed to the consideration OF his bill for
the rcmonetizaton OF the old silver dollar but Mr.
Chiltendcn, OF New York, raised tho point of order
that the hour for the meeting OF tho House had
rived, and that, therefore, the committee could
longer remain In session Tho point OF order was
tanned, and the committee, accordingly, adjourned
without further action.
The third section, which the committee propose TO
repeal, Is in the following words
That section 5,l17 of the Revised Statutes OF tho
United States milng the aggregate amount Of circu-
aling notes OF national BANGING associations be and
is hereby repealed and each existing banking associn
tion may increase its circulating notes
with existing law without respect to such aggregate
in accordance with existing law without regard 10 tho
said aggregate limit and The provisions OF law Tor the
Withdrawal and redistribution OF national bank cur
rency among tho several States and Territories
hereby repealed, and whenever and often
as circulating notes shall be ISSUED 10 any
such banking association increasing its
capital or circulating notes, or SO newly organized
as aforesaid, " shall be the duty ot the Secretary Of
the Treasury reduce the legal cnder United States
notes In OF $500 900 to tho amount OF
eighty per cent OF the sum OF national bank notes
issued to any sucn banking association aforesaid
TO continue such redemption such circulating notes
issued until there shall bc outstanding tho sum
5000 COO 600 OF such legal tender United states notes
January. A. ID. 1879, tho Secretary OF the
Treasury snail redeem In coin the United
their presentation for redemption at tho Office OF
tue Assistant Treasure. OF tue United States tho
city OF New York, In sums OF not less than $780,
enable the Secretary OF the Treasury 10 prepare and
provide for the redemption In this nut uthorizcd
required hc Is authorized to any surplus
from tme to time the Treasury not otherwise
appropriated, and ISSUE, sell dispose Of
less Than par In cotn either ot the description OF bonds
OF the Unitcd States described IN tho act OF Congress
approved July II, 1870, entitled IAN Act to Authorize
the kelunding OF the National Debt, with like quail
ties privileges and exemptions 10 the extent necessary
to carry this act into full ccc and TO tho pro-
ceeds thereof for tho purposes aforesaid aud all pro-
visions OF law ncons lstent with tn provisions OF this
act are hereby repealed
Tho committee DO not interfere with the first and
second sections OF tho act, which follows:-
That the Secretary OF tho Treasury is hereby au-
thorizel and required as rapidly as practicable 10
cause to bo coined at the mints Of the United States
s'slver COINS OF tho denominations OF ten, twenty,
twcntyhvo and nifty cents Of standard value, aud to
ISSUE them in the redemption OF equal number ami
amount Of fractional currency of similar m.
lions; or ~ his discretion no may issue such silver
CONS through the mints, tho sub reasulies, pubic
and post ocos oi tho Un,lcd states and
upon such issues no IS bereby authorized required
10 redeem an equal amount oil such irac tonal cur.
rency until the whole amount OF such fractional
rency outs anding shall be redeemed
SECTos 2-That so much Of section 1924 OF the
Revised Statutes OF the Unled States provides Tor
charge Of one-dfh OF ono per centum Tor converting
standard gold bullion into coin is hereby repealed,
and hereafter no charge shall be adc Tor that
Tho friends OF repeat say that they will have moro
than twenty-five majority on the nna vote, which
was the majority tho test vote to-day The subject
Will como up again Tomorrow
COMBINATIONS DY THE SENATE.
In addition TO large number OF posimasters tho
following nominations confirmed by ,ho Senate
to-day
Registers Of the LAM OHcc-Pcham J. Anderson,
nj MoDIgoncry, Ala; Louis Dugal, at Denver, Col
A. $. Stewart at sheridan, y. \; Ben)amin j. T..
Hanna, at Hayes City. Kan; W. q. rown, at Gran
ston. wy. T. Henry Z. Oncy AT Lake CITY, Col, and
ii. w Gibbs, al Little Rock, Ark
Receirers Of I'nol,c Moncys.-Wiliiam Anyan, q,
Grand Islands, Ncb; Ea~in 5. Croker, Evnnstown,
Wy. T.; John ralie, North Platte, NeD. N. Bard,
Lincoln, Neb. Jonn +. McKcnna, Sherldan, d. T. @.
3. Hickman, Lake CITY, Col, ana Paul J. strobach,
Indian igents George W. Frost, agent Tor the
Inaians OF tho Crow Agency in Montana; Wellington
Bird, agent tor The Indians OF the Milk River Agency
In Montana.
BeaJsmin l.. Lang, of Ohio, TO be secretary TO the
Prcsiucnt 10 sign aud patents.
THE SELECT COMMITTEE or THE SENATE ON
THE LAW TO ASCERTAIN AND DECLARE THE
RESULT or ELECTIONS FOR PRESIDENT AND
VICE PRESIDENT.
The Vice President to-day appointed MS tho
Select Committee authorized by tho rcsou-
ton OF Mr. Edmunds on the effects of tho
law relating 10 ascertainng and declaring
the result OF elections for President and vIco
President, Messrs. Edmunds, Of Vermont; Conkling,
OF New York; Howe, OF Wisconsin,; Mcmillan, OF
Minncsola; Teller, OF Colorado; Davis, Of Illinois
Baya-d, OF DcIawaro Thurman, Of Ohio, and Morgan,
OF Alabama
THE PACIFIC RAILROADS COMMITTEE-ME. POT
TER DECLINES THE CHAnMANsnIP.
Hon. Ularkson N. Potter has declined the chairman
ship OF the House Committee on Pacific Railroads.
solely as hc states In letter Speaker Randall be-
cause OF his large interest in railway IN nnsyva-
MIA, OF which Thomas a. scott Is president This, he
thought, would be regarded as uniting him ior
vice on that mittee; otherwise he would Willingly
have ptcd tho position. His iotter OF dcclinnton
was sent tho Speaker Monday evening and Will
DO submitted to the House, which alone excuse
him.
NATIONAL BANK REDEMPTION.
The following is a statement OF the operations OF
tho National Bank Redemption Agency Tor the month
ending lhis day compared with tho same month oi
last year.
National bank notes fit for circulation as.
sorted and returned 10 the banks OF ISSUE 2 C0
National bank notes unit Tor circulation
assorted aud delivered to tho Comptroller
oil the Currency Tor destruction anu re-
placement with ncw notes. ............. 3, 493 100
Notes OF Jailed, hquidatng and reducing
banks deposited 10 tho IreasuTy........ ,005 100
Total for October $l7, ,522 800
Total for October ls1d............... IA, I5s.S00
Increase. NEUTRALITY-SUSPICIOUS.. So, O63 100