Evening star. [volume] (Washington, D.C.) 1854-1972, 1880-01-21
FORTY.SIXTH CONGRESS.
WEDNESDAY, January 81, 1880,

SENa E-lHc SutlI, uIittti tAS pioStSiOuo VI
the Revised Statutes, appointed Senators Ed
mundS and Garland as members OF the board Of
visitors to attend the next annual examination
! of cadets at the West Point Military Academy.
Mr.. Edmunds from the committee on the jul
dietary, reported bill to amend section $40 X.
s., relating to the removal Of suits by corpora
tons, and to make further provisions relating
to suits by and against corporations Mr.. Ed
mundS explained the bill as follows: 1t changes
existing laws in some important respects. The
first section provides for putting corporations
that wish to remove causes from state courts
to United States courts on the same footing as
natural persons. 1t also changes the Statute
authorizing suits by and against national banks
to be brought in the first instance in United
States courts, and leaves the national banks on
footing with other citizens of the states In
which they are located, to sue and be sued in
the state court. Then If they have a federal
question they can try it just like any one else.
Placed on the calendar.
Mr.. COckrell, from the committee on military
affairs. reported adversely Senate bill in regard
to brevet army appointments, and 1t was in
definitely postponed.
Mr.. ANTHONY from the committee on naval
affairs, reported favOrably on the bill providing
for promotion for acts of great heroism Placed
ON the calendar. Also, favorably on the bill
providing for printing copies of the Naval His
tory of the war. Placed on the calendar.
Mr.. Morrill, introduced a bill to incorporate
national education association. Referred.
The Senate took up the Bayard resolution for
withdrawal of the 1egal-tender quality of L. s.
notes. Mr.. Beck opposed the resolution, pre-
facing his remarks WIN lDS IndJ ne
regretted to differ from the Senator from Della
ware, and believed the latter was acting for
what he thought the best interests of the coun-
try. but Mr. Beck was obliged to differ from that
opinion. The general line of Mr.. Beck'S argu-
meDt was that, while he did not favor the origi-
nal issue of greenbacks, they had been decided
CONSTITUTIONS cons and We're 0a an essential nal
very favorable time for Withdrawing
them, even ii such plan were theoretically
correct. The people desired no tampering with
n a yyp an ,1n
alone. During the financial legislation OF 1878
Mr. Bayard had offered substantially this same
resolution, and it was then voted down by
fer its passage then than now. AT
that time the notes We're below par
We have been at great expense and prvation
debt by sale OF bonds for So-called resumption
| purposes and accumulated large amounts OF
coin in the Treasury. Yet now that the notes
are as good as gold 1t Is, proposed to discredit
Senate had SO radically. changed its opn-
ions since ISIS He showed that the
tons, France and Belgium for instance,
have much more money than we in proportion
to population. He thought the amount of green
backs in circulation smaller than as shown by
the report Of the Secretary of the Treasury. 1t
was certain that about 10 per cent. of the frac-
tional currency issued had been lost or de-
case with the notes. 1t should also be re-
| membered that the notes in denomination OF
$1,000 and upward We're not actually
part OF the circulating medium. They were no
better for this purpose than bonds. This pro-
posed legislation he believed, was in the inter-
est OF the moneyed class; and not in that of the
people. 1t would give the national banks full
control as to the nature and amount OF
the currency. 1t would be impracticable
to prevent abuses Of this power: The
issue Of money should be controlled by
| and subject to veto on haSty legislation.
He alluded to the fact that many of the obliga-
| tions of the banks had probably been lost and
DESTROYED, the 20 years term Of their charters
! was near its expiration, and they Sought to
| avoid return to the government Of all the notes
issued issue to them as provided by law thus
the aforesaid lost and destroyed notes
Mr.. Beck thought our present business
activity, might be temporary, and caused
more by poor crops. wages and famine
abroad than by our own prosperity. If this
| were so, and reversion should come. the effect
OF the withdrawal of the legal tender power of
| depreciate and gold would go abroad. The
money monopoly sought to demonetne silver,
| abolish greenbackS and obtain full control of
| the currency OF the people. 1t was on a par
with the tariff monopolies. He showed how
| hara it had been for the people to get the
| onerous tax on quinine revoked. and how bene-
| fcial its repeal had been. He was opposed to
| all class legislation against the people and in
favor of strong and wealthy corporations.
| HOUSE-Mr. Sparks submitted the majority
| report of the committee on military affairs on
! the bill for tine relief of Gen. Ftz John Porter.
Mr.. McCook submitted the minority report.
| Both reports were ordered to be printed and
| the bill was made special order for February
| 18th.
Mr.. Crapo from committee on banking and
currency, asked leave to report bill authorizing
| the conversion OF national gold banks.
| Mr.. Reagan objected.
Mr.. Covert offered resolution calling on the
Commissioner OF Agriculture for information
| relative to The sugar beet Adopted.
MI. MacMahon, from the committee on ap-
| propriationsy reported bill making appropria-
ton for the payment OF fees OF marshals and
| deputy marshas for the fiscal year ending June
| 80, 1880. Printed and recOmmitted.
| MI. Dunn, from the committee ON public
| lands, reported back the bill for the settlement
OF titles in the Hot Springs, Ark. Printed and
| reCommitted
The House then, in the morning hour. re-
| sumed the consideration Of the bill relative to
| national bank reserves, and was addressed by
| Mr.. Lounsbery, who favored the repeal of such
| portions OF the statutes as grant a legal-tender
quality to United States notes. Business could
! not be based ON currency which was to be
| changed in value from time to time, according
| to the exigencies OF the government. 1t must
| be fixed on stable foundation, such as coin
| alone could be. Who would make ventures In
foreign trade, until this country had first set
tied on the currency in which he was to deal
deal With a naans afe WIN Mheh he
destined to be the great nation of the world
The morning hour was consumed by the dis
| cuSsion OF the bill; Mr.. TOwnshend arguing
against the bill as being in favor of the national
banks and adverse to the interests of the peo-
| pie; and Mr.. Buclner (who has charge of the
| billy arguing 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 in
| the vaults OF the Treasury. In conclusion he
moved the previous question-deprecating a
| discussion on the general question OF finance,
| which, he argued was not relevant to the bill
at ALL
The morning hour expired before a vote on
| the previous question could be taken.
MI Lewis, member of the banking commit
| tee, denounced as false a statement which he
| supposed MI. Townshend to have made but he
| withdrew the language on Mr.. TownShend dis
| avowing the making of any such statement.
The House then, at O'Clock, resumed the con-
| sfderation of the revision of the rules.
| NUMEROUS APPLICATIONS are being received by
the Interior department from people who want
| to be census enumerators. These applications
are entirely useless, as the appointment OF
enumerators are made by the supervisors OF the
different census districts.
GEN. GARFIELD will be rendered dinner at
Wormleys tonight by Representatives Town
send, of Ohio, and McCook, OF New York.
SUPERVISING INSPECTORS OF STEAM VESSELS
The annual meeting of the board of egnervisinu