The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-01-16
FOr;y-sixih CONGREGATIONAL Session
WASHINGTON. January IL, 1880.

SENATE.
Senators Mcpherson and Baldwin pre-
Sentcd petitions Of women asking cOnStitu-
t.onal amendments giving women the right
Of suffrage.
Mr.. Allison, from the Committee on
Finance, announced that he was directed
~ that committee 10 report back the Joint
resolution for the Withdrawal OF compulsory
legal-tendcr power OF United States Trea-
sury notes. The committee had made a
verbal amendment TO the resolution, unani-
mously agreeing to ii, and that amendment
directed him to report the resolution ad-
versely. He understood there was mi
ncrily report to be presented, otherwise he
should ask indefinite postponement OF the
resolution. lie asked that it be placed on
the calendar for the present. So ordered.
Mr.. Bayard, from the same committee,
presented tue views OF the minority as fol-
| lows:
1.-THE undersigned, believing the indus
trial, commercial, and financial prosperity
OF the country, IN order TO be enduring and
! secure, must he based upon a money or ac-
/ tuaI and intrinsic value, and that our Gov
ernmeut has no power, and is incompetent
! TO endoW its paper obligations with such
yalue. and the United States Treasuty-nOteS
| IN existence and in circulation being now
rcdeemable in gold and silver coin at the
option OF the holder, do recommend the
withdrawal OF the compulsory legal-tender
power Of such notes and the passage OF the
suljOined resolution.
GSipnedl "FRANCIS HERMAN,
THOMAS +. BAYARD.'
| rUere follows Bayard's resolution, that
Treasury notes shall be receivable for all
due, to the United States except duties on
imports, and shall not be otherwise legal
tender.I
"Admitting the principle OF the resOu-
ton as 10 the power Of the Government to
make paper legal tender, | reserve MY ac-
ton upon the resolution as 10 the time OF
the withdrawal Of the power given hereto
fore.
rSicned1 civilian A. WALLACE"
.'Reserving right OF amendment.
lSjpued1 "JUSTIN ). MORRILL,"
The minority report was also placed on
the calendar.
Mr.. Morgan presented the credentials OF
Luke Pryor, appointed as senator from
Alabama until the Legislature elects sue
cessor TO the late Mr.. Houston. Pryor was
sworn in, taking the modified oath.
The Senate took up the bill TO relieve the
United states Treasurer from the amount
with several States.
Mr.. Thurman opposed it. The money
belonged to the United States, and should
be paid according TO the original under
standing.
The morning hour having expired the
bin went over, and Mr.. Morrill, called for
the consideration OF his resolution instruct
ing the Finance Committee 10 inquire into
the praclic1biliIv of refundrg the public
debt at less rate of interest than per
cent.
Mr.. Morrill,, speaking in favor OF his re-
solution, said that tue 1863 bonds OF the DIS
trict OF Columbia, guaranteed by The United
States, are selling at $50 net. fhis was
test of the value OF United States bonds
bearing less than per cent. interest.
loan at $50 per cent. would necessarily
bring less than one al 1865. He thought 1t
would he wiser 10 refund with bonds that
would bring premium, and see reduced
d ,Lt by that much, and obtain financially
all the advantages possible in lower rate
OF interest. He thought action should be
taken promptly, lest delay bring less favor
able circumstances.
Mr.. Gordon, from the Committee on Com
merce, reported favorably a bill authorizing
the Secretary OF the Treasury TO appoint a
deputy collector at Lake Charles, La.
Adjourned to Monday.
HOUSE OF REPRESENTATIVES,.
After having transacted some misc llane-
Gus business, the House resumed the con-
sderation OF the bill requiring one half OF
The reserves OF national banks to be kept In
gold and SILVER COINS Of the United States.
Mr.. Price, in advocating the bill relative
TO bank reserves, declared himself as OPP |
posed TO any iinkering with the currency, |
either as 10 quantity or quality OF paper I
which Is circulating. He was also opposed
10 taking away the legaltender quality OF
yreeDb.cks. All prudent men spoke IN |