Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-01-22
hDl!se.

WASHINGTON, January 2lst.-Sparils cha rnan OF
the Committee on Military Affairs, reported back
the bill for the relief Of General Fitz John Porter,
accompanied with majority report thereon
McCook presented a minority report.
Both reports were ordered printed, and the Dill
made the special order for the 18th OF February
Mcmahon, from the Committee on appropriations,
reported bill for the payment OF the ices OF Mar
shals and Deputy Marshals for the fiscal year ending
June 80, 1880 Ordered printed and recemmitted.
The morning hour consumed by the discus
sion Of the bill requir ng onehalt OF the bank re-
serves to be kept in coin.
Buckner, who has charge of the bill, argued that
the whole scope and object of the bill is to get into
circulation some of the immense mass OF gold and
silver coin now lying unused in the vaults OF the
Treasury. In conclusion he moved the previous
question: deprecaiing the discussion OF general
question on finance, which, he argued not rela-
vent to the bill at all.
Townshead called attention to the fact that ma
tiona bank in New York, with capital OF $780, 600,
had made profit last year OF Sl30,ueO 1t had paid
$500 900 $780, 900 more than its capit1 IN dividends
on the banks stock They had added 100000 to
their surplus fund and had set aside as undivided
profit 1867 600 He alluded to The First National
Bank Of New York. He then severely criticized
some remarks made by Chittenden, putting con-
struction upon language which he (Chittenden) We
hemently declared it would not bear.
Townshend sent the extract to the Clerks desk
and had it read
Chittenden excitedly crossing over to within few
feet OF Townshend, said " That does not bear out
your statement" [Laughter.l
Townshend approaching Chtteuden)-Let me say
with equal energy that the logic OF the gentleman
argument is
The Speaker Gnterupting)- gentleman will
suspend. [L.aughter.l
Quiet having been obtained, Townshend pro
ceeded, saying that Chittenden acted as ii he was
the only one who had n right 10 speak on he cur
rency question upon this floor laughter. The
proposition of that gentleman evidently was to for
bid the Secretary of the Treasury from retiring
interest bearing bonds and instead to retire green
backs, which bore no interest. Suppose the green
back was retired and four per cent. bond substi-
tuted therefor
Chittenden-I propose to substitute gold.
Tcwnshend-What would be the effect? Il would
be to impose upon the already broken down taXpay-
ers of this country further burden of $780, 600
He was opposed to the bill, because it proposed TO
strengthen the banks and make them permanent in
stutions and because it took out OF the pockets OF
the people least S14 600 900 and put it into the
pockets of the National Bank stockholders. He was
in favor Of the Committee on Banking reporting
back the bill retiring National Bank circulation.
The House went into Committee Of the Whole on
the revision of the rules all general debate which
is TO close tomorrow.
The committee was addressed by Roberts and
Chalmers in favor Of more equal distribution Of
committee work.
In the course of his remarks Chalmers alluded to
the Chairman of the Committee on Commerce (Rea-
gam as legislative ButtercUp" who mixed up tie
Mississippi and hiskiminicks SO that not creature
knew it.
Dunn also argued IN favor of more equal distri-
button of work. and made some humorous remarks
upon the personal appearance of some of the over.
worked members of the Committees on Ways and
Means, Appropriations, Commerce and Banking.
He wanted to relieve those gentlemen Reagan, FOL
instance, had become pale and thin in wading
through too many rivers and fixing too many har,
bors. There had been too much water in them, and
he wanted to deprive the Committee on Commerce
of some OF the water
,Jal 1i-nr tlo
Various executive communications referred,
among them from the Secretary OF the Treasury
in response to a resolution calling him for in
formation as TO the time, etc, of the United States
Treasury becoming member of the New York
Clearing house.
Adjourned