Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-22
FITZ JOHN PORTER


FTIz JOHN PORTER.
WASHINGTON, Jan 22-Mr. Sparks, chair
man of the committee on military affairs, re
ported back the bill for the relief of Gen. Fit;
John Porter, accompanied with majority re
port thereon. Mr.. McCook presented a minor
ity report. Both reports were ordered printed
and the bill made the special order for the
18th of February.
PAY OF MARsHALs.
Mr. McMahon, from the committee on appro
priations, reported a bill for the payment OF
fees of marshals and deputy marshals for the
year ending June 80, 1850. Ordered printed
and recommitted.
BANK RESERVES.
The morning hour was consumed by discus
sion of the bill requiring one-half of bank re-
serves to be kept in coin. TOwnshend, of lii
nois, argued against the bill as being in favor
of national banks and adverse to the interest
of the people.
While Mr.. Townshend was speaking MIR.
Wilbur imputed how much the national banks
pay the people in taxes.
Mr. Townshend-The only tax they pay over
any other class of banks is S3,0l9,0OO. He,
Townshend, stood on the platform erected by
Thomas Jefferson and that was, he was oppos-
GU 10 any hluu VI Dduh ptalo VI NAHUM
al. Applause on the Democratic side. he
called attention to the fact that national
bank in New York with capital of 100000
had made profit last year of Sl,3OO,0OU, or
100000 more than its capital in dividends on
the bank stock. They had added S50O,O0O to
their surplus fund, and had set aside as I'M
divided profit S267, co., He alluded to the
First National bank of New York. He then
severely criticised soGe remarks made by Mr..
Chittenden, putting construction upon Ian
guage which be- Ohittenden, declared it would
not bear. Mr.. Townshend sent the extract to
the clerks desk and had it read.
MIR. Chittenden. excitedly, crossing over to
within few feet of Mr.. Tow nshend-That
does not bear out your staten ent. Laugh
teri
MIR. Townshend, approaching Chittenden-
Let me say with equal energy that the logic of
the gentleman argument is
The Speaker, interrupting-The gentlemen
will suspend laughter.
Quiet having been restored, Mr.. Townshend
proceeded, saying that Chittenden fancied he
was the only one who had a right to speak on
the currency question upon this floor. (Laugh-
ter) The proposition of that gentleman evil
IDENTIFY was to forbid the secretary of the treas
ury from retiring Understanding bonds and
instead, that he retire grccnbacks, which bear
no interest. Suppose the grcenback was re-
tired and per cent. bond substituted there
for.
Mr.. Chittenden-I propose to substitute
gold.
Mr.. Townshend-What would be the effect?
The effect would be to impose upon the already
broken down tax payers al this country Il
further burden of Sl3, 000, 00O he was opposed
to the bill, because it proposed to strengthen
the national banks and make them permanent
institution; and because it took out oil the
pockets of the tax payers at least Sl4, 600, 0G0,
and m ~ into he pocketa pf national hank
stockholders. He was in favor of The commit
tee of banking and currency reporting back
the bill retiring the national bank circulation.
MIR. 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 i'm
mense gold and silver coin now lying unus-
ed in the vaults of the treasury In conclusion
he moved the previous question, deprecating
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.
REVISION OF RULES.
The House went into committee of the whole,
Mr.. Carlisle in the chair, on the revision of
rules, all general debate on which is to close
tomorrow. The committee was addressed by
Messrs Robertson and Chalmers in favor of the
mere equal distribution of committee work In
the course of his remarks MIR. Chalmers al
luded to the chairman of the committee on
commerce (Reagan) as q legislative Buttercup,
who mixed up matters SO that no creature
knew them
Mr.. Dunn also argued IN favor of more
equal distribution of work, and made some
humorous remarks upon the personal appear
ance of some of the over worked members of
the committees on ways and means apprOpria-
tiOns, commerce and banking and currency.
He wanted to relieve those gentlemen. The
gentleman from Texas (ieagan), for instance,
had become pale and thin in wading through
too many rivers and fixing too many harbors.
There had been too much water in them, and
he wanted to deprive the committee on COM
merce of some of the water.
After extended discussion the committee
rose and the Speaker laid before the House
various executive communications, which were
referred. Among them was one from the
secretary of the treasury in response to a reso-
luton calling on him for information as to the
time, ETC.. of the United States treasury be-
coming member of the New York clearing
house.
MIR. Covert offered a resolution calling on the
commissioner of agriculture for information
relative to the sugar beet. Adopted.
Mr.. Dunn, from the committee on public
lands, reported back the bill for the settlement
of titles in Hot Springs, Ark, which was order
ed printed aud recommitted.
Adjourned.