Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-01-16
Major Morrow has a Successful
Combat with the Apaches.
Murder Of a Revenue Officer by
Tennessee Moonshiners.
XLVI CONGRESS-.
SENATE,

Senators MCPHERSON and Baldwin
presented petitions of women ask
inga Constitutional amendment Civ
ing women the right Of suffrage.
Senator Allison, from the Finance
Committee, announced that he was
directed by that committee to report
back the joint resolution for the
withdrawal Of the compulsory legal
tender power of United States
Treasury notes. The committee
had made a verbal amendment to
the resolution, unanimously agrees
ing to it, and with that amendment
directing him to report on the reso-
luton adversely. He understood
that there was a minority report to
be presented, otherwise he should
ask an indefinite postponement of
the resolution. He asked that it be
placed on the calendar for the press
ent. It was so ordered.
Senator Bayard, from the same
Committee, presented the views of
the minority, as follows /:
"The undersigned, believing that
the industrial, commercial and
financial prosperitys.of the country,
in order to be enduring and secure,
must be based upon money of
actual and intrinsic value, and
that our Government has no power
and is incompetent to endorse its
power obligations with such value,
and the United States Treasury notes
in existence and in circulation being
now redeemable 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 subjoined resolution.
(SigneD, FRANCIS HERMAN,
THos. +. BAYARD.
Here follows Senator Bayard's
resolution N-
"Tbat Treasury notes shall be res
ceivable for all dues to the United
States, except duties on imports,
and shall be otherwise legal tender.
Admitting the principle of the reso-
luton as to the power of the gov
ernment to make paper a legal ten
der, l reserve my action upon the
resolution as to the time of with
drawal of the power given hereto>
fore. saar 4..
Signed VIM. A. WALLACE.
Preserving the right of amends
ment.
[Signed] JUSTIN s. MORRILL,.
The minority report was also
placed on the calendar.
Senator Morgan presented the
credentials Of Luke Pryor, ap-
pointed as Senator from Alabama,
until the Legislature elects a sue,
cessor to the late Senator Houston.
Mr.. Pryor was sworn in, taking the
modified oath.
The Senate took up tho bill to
elieve the United States Treasury
from the amount now charged
against it and deposited with the
several States.
Senator Thurman opposed it.
The money belonged to the United
States, and should be paid accord
ing to the original understanding.
The morning hour having ex-
pired, the bill went over.
Senator Morrill, called for his
resolution instructing the Finance
Committee to inquire into the prac-
ticability of refunding the public
debt and a less rate of interest than
four per cent.
The amendment made by the ma>
jority in the phraseology of Senator
Bayard's joint resolution is merely
verbal, changing the words "United
States Treasury notes" to "United
States notes."
Senator Morrill,, speaking in favor
of his resolution, said 3 IS bonds oi
the District of Columbia, guaran.
teed by the United States, are sell.
ing at S5& net. This was test O.
the value of United States bond,
bearing less than 4 per cent. in.
terest. A loan at 3.5 would neces,