The Lake County star., 1877-11-15
CONGRESS.

MONDAY, Nov. 5-The Senate was not
in session. The House passed, under q
suspension of the rules, by a vote of 16S
to 81, Mr.. Bland's Dem, Mo- bill for the
recoinage of silver. The bill provides
that there shall be coined al the several
mints OF the United States, silver dollars
of the weight of 4l21 grains troy, OF
standard silver. as provided in the act OF
January 18, 1887, on which there shall be
the devices and superscriptions provided
by said act, which coins, together with
all silver dollars heretofore coined by the
United States of like weight and fineness,
shall be legal tender, at their nominal
value, for all debts and dues, public and
private, except where otherwise provided
by contract, and any owner of silver bull.
lion may deposit the same at any United
States coinage mint or assay office to be
coined into such dollars for his benefit
upon the same terms and conditions as
gold bullion is deposited for coinage
under the existing law.
On motion, the resolution to make the
bill for the repeal OF the resumption act
the special order from day to day, until
Tuesday, the 18th, was adopted, yeas l43,
nays 48.
TUESDAY, Nov. Gin the Senate, the
Vice President laid before the Senate a
communication from the Postmaster
General asking $6Sl ,6S1 to supply def
ciencies in the appropriation for compen-
sation to ,postmasters during the fiscal
years ending June 30, 1876, and June 30,
everal new bills. and an inquiry into
the affairs of the Northern Pacific Rail-
way, were introduced also amendments
to The bill authorizing the issue of bonds
for the investment of savings.
The House bill to authorize the free
coinage of the standard silver dollar and
to restore its legal tender character, was
read by title and referred to the Commit
tee on Finance.
The Senate then, after brief executive
session, at 1850 adjourned until Thurs
day.
In the House, bill was introduced by
Mr.. Willets, (Rep., Mich.) granting pen
sions to the family of the late Gen. Gus
ter.
The bill to repeal the resumption act
came up, and several amendments and
substitutes were offered.
Mr.. Philips (Rep., Kan.) opened the
debate by speech In favor OF the Dill re-
ported by the Committee on Banking and
Currency. D
WEDNESDAY,, Nov. 1.-THE Speaker
laid before the House the resignation OF
the Rev. DIR. Poisol, as chaplain, upon
which a resolution was adopted, express
ing the regret of the House at such resig-
nation. tA-tr
A lively debate occurred on the re-
sumption repeal measure, participated In
by Gardner, Cox, Kelley, and others.
The Navy deficiency bill was report
ed. :.
THURSDAY, Nov. SIN the Senate, Mr..
Matthews (Rep., o. introduced q bill
supplementary to the act entitled IAN
act to provide for the resumption OF
pecie payments" approved January las
1875. It provides for the reissue OF legal
tender notes, the outstanding amount not
to exceed $3.50, 900 900, and the Secretary
of the Treasurer not to reduce the author
lied currency below that sum. 1t also
provides for reserve fund in coin, OF
$l00, 900, 900, from surplus revenues and
sale OF bonds, with which 70 redeem legal
end ers. If the coin reserve be reduced
to $50, ,O0O, 900, the redemption Of legal
tender notes shall be suspended until tho
reserve fund is restored TO 300, 900, 900,
bat In that event the holders Of legal ten
ders may exchange them for per cent
bonds, in sums not less than 80. Notes
thus redeon1ed shall not be re-issued or
replaced by others until the reserve und
is restored - -9l00, ,000, 900. Legal tender
notes n11y bofeoelved fbr bonds sold, ~.
stsed Of gold. and e1o1 notes 70 Be used
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