The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1878-02-07

TUESDAY, Jan. 22.-In the Senate,
several petitions were presented and referred.
A bill was presented from the Finance Com
mlttee to remit taxes ON insolven savings
banks. \ bill was introduced and referred to
repeal that portion of the National Bank act
which imposes tax of 10 per cent. upon the
circulation of State banks The statue of
VIM. King. the first Governor of Maine, and
which was contributed by that State to the
National Statuary Hall, was accepted, and
Messrs Hamlin, Blaine and others made adj
dresses. In the House, the Fertilization Ap-
preparation bill was reported and referred.
"A resolution was adopted instructing the Com
mittee on Banking and Currency to ascertain
the amount of gold and silver coin and bullion
owned Dv the United states, the amount of
bonds which had been sold by the Secretary of
the Treasury for coin, the amount of gold and
silver coin, bank notes and legal-tendcr held
by banking institutions, and such other facts
as will tend to inform the House when and
ny what method it will be practicable and con-
specie payment. The Senate joint resolution
accepting from the State of Maine statue of
William King was passed.
WEDNESDAY,, Jan. ga large num-
Der of petitions were presented in the Senate.
MIR. Blaine introduced bill providing for the
coinage OF silver dollar of SO many grains as
the Director of the Mint shall from time to
time prescribe, to be a legal-tcnder in common
and for all sums exceeding five dollars the
debtor shall have the right to tender and the
creditor to demand, One-half OF the amount i'm
gold coin and one-half in silver coin. The
Matthews Silver resolution was further de-
bated, Mr.. COckrell finishing his remarks in its
| favor, and Mr.. Randolph speaking in opposi-
ton. In the House, a bifl was introduced
relieving bank deposits from the Internal Rev
enue tax. The Senate resolutions in honor OF
| the late Senator Bogy were presented and
eulogies were pronounced, after which the
| resolutions were adopted.
THURSDAY, Jan. 24.-After the trans
action of some unimportant business in the
Senate, on the oath, the resolution of Mr.
Matthews to pay the interest and principal OF
Government bonds in silver, was again taken
up and debated. Mr.. Lamar making lengthy
| speech in opposition thereto. Mr.. ConklinS
favored and Mr. Thurman opposed an amend.
ment to make the resolution joint instead OF
| concurrent one, joint resolution requiring
the sanction OF the President as we'll as both
houses OF Congress. The bill amending the
laws concerning commerce and navigation
| and the regulation of steam vessels, was con-
sidered in the House, and several amendments
were disposed Of.
FRIDAY, Jan. 25.-In the Senate, Mr.,
Blaine made an explanation with regard to
the Silver bill introduced by him on the 23d.
to the effect that he had purposely left the
number Of grains in the dollar blank, because
ne had not felt willing to vote for dollar OF
41215 grains. He had been erroneousIy re.
ported as leaving, in his bill, the number of
grains in the dollar to be determined by the
Director of the Mint and the Secretary of
the Treasury, when it was the price If silver
bullion per ounce be left to be publicly fixed,
officers The resolution of Mr.. Matthew'S. de-
claring the right of the Government to nav
its bonds in silver was again taken up, and
the amendment making the resolution . Joint
insteadOf aconcurrentOne was rejected-yeas
%; nays, 39-after which, Mr.. Edmunds'
amendment providing for the payment of
bonds in gold or its equivalent, and declaring
that any other payment, without the consent
| of the creditor, would be in violation of the
public faith, and in derogation of the cred
| itor's rights, was rejected. after considerable
debateSyeas, Is; nays, "A. Other proposed
amendments were similarly disposed of, when
the resolution as submitted by Mr.. Matthews
was agreed to-3 to q. The preamble sub
mitted by Mr.. Edmunds, ON the 18th, and that
of Mr.. Morrill,, on the 18th, were rejected,
after which the preamble Of Mr.. Matthews
was adopted-49 to 20. The House bill to all-
thorizc the free coinage of the standard sill
yer dollar and to restore it's legal-tender
character then came up, but, without further
discussion, an adjournment was had to the
2eth.. In the House, the bill revising the
Steamboat laws was further amended and
passed-17S to 80. The bill extending the