The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-05-09
CONGRESSIONAL.
SENATE.

Ilon, declaring that legislation upon the
subject Of tariff at The present session oil
Congress is inopportune and inexpedient.
Mr.. GARLAND introduced bill pro-
viding for commission TO examine into
the subject of tariff with view TO facili.
tating legislation with reference thereto
Referred.
A debate followed as 10 whether the reso-
luton Of Mr.. Blaine should be considered
Pending the discussion, the morning hour
expired and the subject was laid aside. ::
Consideration was then resumed Of the
bill TO repeal the bankrupt law.
The motion OF Mr. EDMUNDS submitted
yesterday, to refer the bill 10 repeal the
bankrupt laws and the House amendment
thereto, to a special Committee Of three Sen
ators, of which Mr. Christitncy should be
chairman, was rejected.
!. The amendment of the House mention
ing the date: of the acts 10 be repealed
and designating their number in the re-
vised statutes, &c, was agreed to without
discussion. The next amendment of the
House provided that the repeal Of the law
should not effect pensl actions or criminal
proceeding arising ind i. prior to its re-
peal.
Mr. CHRIS TIANCY moved TO further
amend this amendment 50 as To provide
that its repeal should not affect The rights
and proceedings growing out OF or Deepen
dent upon the bankrupt law, including all
the right OF debtors md creditors and all
the rights OF all suits aud asi,n't the assig-
nees under any or all of said actions i'll any
case heretofore or now pending.
Mr.. MATHEWS III wed further to
amend so as To, provide rhst tn. repeal of
the law should not take effect until the
first OF January, 1879.
Quite long discussion followed as to
whether the original text Of the bill could
be amended.
Mr.. MCMILLAN moved to refer the bill
to the Committee on Judiciary. K j-cied
yeas, 22; nays, 81.
Mr.. DAVIS, of Ills moved to refer the
bill to the judiciary Committee, that The
saving clause might be perfected.
| Mr.. EDMUNDS said he felt sursthat
| the bill could be reported back tomorrow,
should it be so referred.
The motion of Mr.. DAVIS was then
| agreed to yeas, 81 nays, IL.
A number of Senators who had hereto
fore voted against it. reference voted for it,
now, after the statement of Mr.. Edt1unds
that the bill would lie reported back to-
morrow morning.
The question then occurred on the
amendment OF Mr.. Matthews to have its re-
peal take effect on January LIST, 1879, and
| il was agreed to-yeas, p nays, %.
The question then occurred on the
amendment of Mr.. Christiancy, as amend
ed by that OF Mr.. Matthews, and it Was
agreed to-yeas 30; NAYS, 23.
On motion of Mr.. ALLISON, the Senate
took up the bill to repeal the specie re-ump-
ton act, with the understanding that il
should be unfinished business tomorrow
morning.
Mr.. CONKLING inquired whether it
was proposed To press the bill to Il vote.
Mr. ALLISON replied that it was not
proposed to do so tomorrow.
After brief executive session, the Senate
adjourned.
WASHINGTON, ID. G., May MIR. Sher-
man, from the Committee on Judiciary,
reported back the bill to repeal the bank
rupt law, With an amendment perfecting the
clause in regard 10 TIE rights not to be =
iected by thu repeal oil the law, and return
ing the amendment adopted yesterday, pro-
viding that the repeal of the law shall take
effect on January I, lo79. Ordered print
ed, and the bill laid over until Tomorrow.
An amendment to the bill "a reported by
the committee provides that the repeal of
the law shall not affect pending ,ses, and all
future proceedings herein, and i'll respect 10
all pains and penalties for forfeitures which |
shall have been incurred under any of said
acts prior 10 the day when this act takes ell |
feet, or which may be thereafter incurred
under any of those provisions Of any of
said acts, which, for the purposes named in |
this act are kept in force, and all penal
actions and criminate proceedings for the |
violation OF any of said acts, whether then |
pending or thereafter instituted, and in re-
spect to all the rights OF debtors and credi- |
tors, except the right of commencing Origi-
nal proceedings in bankruptcy, and all the
rights of, and suits by, or against, assignees |
under any or all of said acts in aoy matter,
or which shall have arisen prior to the day
when this act takes effect, which shall be
on the first day of January, 1879, after any |
matter or case which sha arise after this |
act takes effect, in respect to any matter of |
bankruptcy authorized by this act. to be
proceeded with after said last, named day,
Mr.. FERRY called up the House bill to |
repeal the specie resumption act and read
a lengthy argument explaining the amend
ments reported by the Committee on FL
nance. He referred 10 the fact that L. 5.
notes and gold were nearly equal to-day,
and argued that this was FASTENED by the |
passage of the act to restore the standard
silver dollar. Abiding to the passage of
the act on SANITARY Nth, 1875, to resume
specie payment, he said he joined in it as a
compromise measure, Reluctantly.
After explaining the amendments report
ell by the Committee on Finance, he said
that if the bill should be agreed to as amend
ed, it would give the country a volume Of
currency of $500 100000. He argued that
the bill would restore commercial conf
dence. 1t would result in oui own people
holding the national debt instead of for
eigners. The recent sale of 5000, 900 in
bonds by the Secretary OF the Treasury Is an
assurance of this and an evidence Of the ad-
vancement of the public credit. The Gov
eminent should now turn its attention 10
upholding its credit with its own people.
lie next referred to the coin required by
the Government, and said no fears reed be
appreheL ded that the Government would
have TO go abroad TO seek coin to meet its
requirements necessary II denyirgU ; note.e
their rightful place in the circulation
OF the country had departed, and he be-
lieyed greenbacks and coin would be at par
before the first of January next, aud re-
ferred to the announcements daily made by
business firms and banking houses that
they had resumed specie payment Re
ierring to Wall street he said the knowl-
edge OF finance did not dwell solely with
the wise men OF Gotham-New York City
which had been so clamorous for specie
vet seemed TO be the last to re-
spond. In conclusion he argued that the
passage of this bill would here settle our
finances upon such basis a. you'd rele-
gate the financial difficulties from the halls
Of Congress to the wants Of commerce.
Mr.. VOORHEES, then took the floor and
read lengthy argument in favor Of re-
pealing the specie resumption act. The
amount of human misery, wreichedne-s and
vice which the law had cost could not be
1t has even thrown property
values simply beyond the power of Ian
yuage to describe Ten thousand millions
Of dollars worth of property has absolutely
been confscated. He argued that the Amer
lean people had been educated on the sub