New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-03
YLVM CONGRESS-IId SESSION.

REGULAR REPORT OE
THE BANKRUPT BILL REPORTED TO THE SENATE
FERRY AND VOORHEES, ON THE RESUMPTION
ACr-THE HOUSE PRETTY BUsY-DIsCUssIoN
UPON THE LEGISLATIVE BILL
SENATE. .WAsHINGToY. May 2, 1873.
In the Senate to-day Mr.. THURMAN Dem.,
Oho) from the judiciary Committee reported back the
bill to repeal the Bankrupt Law with an amendment to
perfect the saving clause.
Mr.. Thurman moved the immediate consideration
Of the bill.
Mr.. VOORHEES, Dem, Ind) objected, and said 1t
would be better to have the bill and the proposed
amendment printed and lie the table till tomorrow
He submitted motion to that effect which was agreed
Mr.. CONKIiNG CRep n. " presented a petition
from the Mayor and citizens OF New YORK. ASKING an III
creased appropriation for the improvement OF spuyteh
Dgyyc Greek Referred to he C2mPee on Wss
ordered that when the Senate adourns today DC 10
Mr. BECK Dem, Ky) introduced a bill to amend GER
sections OF the Revised Statutes establishing the
rank OF Naval officers Referred to the Committee on
MI Ferry CRep, Mich), Mr.. Paddock rep, Neb) and
MI Salisbury Diem, Deli were appointed members of
inc Conference Committee on the part of the Senate Oh
the bill to regulate the advertising OF mail lettings
The following bills were reported and placed on the
The House bill extending sections 1900 to 1897 Of the Re
vised statutes to the Port Of Bath Me.
The House ill fixing the salaries OF the COLLECTORS "
The senate bill to regulate the public lands with
the ~ bill for the protection Of homestead settlers
bun hreprOOf building for the Bureau Of Engraving
The Following bills reported and indefinitely
Tho House bill to provide that vessels the United states
shall hail the place where they owned or bull.
20 build bridges the Ouachita and Red Rivera
The bill FOR the relief Of the Baptist Relief Assoca
Mr.. FERRY (Rep., Mich) called up the House bill
to repeal the Specie Resumption Act and read long
Committee on Finance. lie argued that the
bill would give the country a volume OF cur,
rency equal 10 $99O,00O,0OO, and that 1t w9uld
restore commercial confidence IL would result in our
people holding the National debt Instead OF foreign
Secretary Of the Treasury was an assurance oil TINS
and evidence Of the advancement OF pubic credit
The Government should turn its attention TO up
holding credit with its own people lie next referred
to the coin required by the Government and said no
have abroad 10 seek coin to meet us requirements
He believed grecn1acks and com w3uG De at par before
daily made by business firms and banking associations
that they have resumed specie payment Referring TO
Wailst he said ali knowledge on finance does not dwell
solely with the wise men Of Gotham New-Iork CITY.
Mr.. V0ORHEEs Dem IndJ then took the floor and
read long argument in favor of repeating the specie
misery wretchedness which the law has caused
Saues mpy Beyond the power Of language to describe
Ten thousand million dollars worth of property
i'.t tue Government could not redeem $50,OOO0Oo
with gold within a weeks notice from to-day. The
notes OF the Government nave auyahG S 10 70
an equality with gold because the people had forced
tho Government its own notes with respect
lie wanted To have United states notes received lot
duties imports not after the first OF October next but
nmory yi he said viii make certain dark perous
and unhappy future. Farmers nave mOrlgaged their
mortgages be paid in 1t is the duty OF the
American Congress To legisnte so as 10 secure TO the
farmer his home and the industrious mechanic living
Mr. GORDON DEM Gal then took the floor, with the
understanding that ne would speak on Monday next
The further consideration OF the Dill was postponed
oI Mr.. iEDMUSDs Rcp, VT presented petition OF
Jearnn Atkins, asking that the Government purchase e
his p9tent for an automatic rake t0r har'eS'ers' e
Mr.. JOHNSTON dem, yaJ introduced bin amenda-
tory the to Incorporate the Texas Pacific Ran
road. Referred to the Committee on Railroads
Mr.. ROLLINS rep. y. H. (by requesu introduced
bill proposing form Of government for the District
o Columbia. Referred to the District Committee.
Mr.. MAXEY Dem. Tex, from the Committee on
be- propo. to- the Post Once HppToprafion Bill
orziug sem-monthly mall steamship service between
the United states and Brazil Referred to the Commit
tee on Appropriations Inc amendment u copy o. Ie
that first departure OF the New-Oreans line shan not
MIR. SAUNDERS CRep., Ncbl moved to reconsider the
by which the joint resolution to provide Tor the np
poinmeBt OF eighteen additional commissioners to the
Paris Exposition was indefinitely postponed several
days ago -, -,
COCKREIL Dem, MOI inquired OF Mr.. SARGENT
(Rep., Cal) how much had been expended by the Gov
Mr. SARGENT, in reply, said be doubted II ever more
expensive had been devised than that TO trans
port our goods Paris We had been paying hundreds
Of dollars per ton for the transportation OF goods The
Secretary Of tho Navy had taken scholarships, ANA the
system OF educating -eamcn was almost broken up.
The motion OF Mr. Saunders 10 reconsider was rejected
Yeas II, nays 3i
Mr. COCKREIL Dem, MOI submitted resolution
insructng the Committee on Rules Of the Senate TO pre-
pare and report ~ the Senate ue which shall relieve
the Committee Patents from considering any bill,
resolution petition for the extension OF any patent
Ordered that It he printed and lie on the table.
Mr.. DAWES rep, Massl from the Committee on
Public Bulldogs and Grounds, reported with amend
ment the House joint resolution TO enable the Joint
miss tO
ylding Tor the completion the Washington monument
The Senate then, at O'Clock, on motion OF Mr. CAM
ERON penn J, went ITO executive session, ana When