The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-01-19
Forty.sevcnth Congress First Session

IL.
taken for searching for the crew OF the miss
ing boat.
Forty.sevcnth Congress First Session.
WASHINGTON, January Is. 1882.
SENATE.
A communication was read from the Sec
rotary OF the Treasury I'm response to a
Senate resolution as to the present rates OF
duties imposed by France, Germany, and
Mexico upon American manufactures.
Numerous petitions for a commission to
investigate The liquor traffic were pre-
scented.
Mr.. Davis, OF Illinois, from the Commit
tee on the Judiciary, reported back favor
ably the bill TO permit Ward Hunt, an asso-
ciate justice of the Supreme Court OF the
United States, to retire. He gave notice
that he would ask its consideration to-mor-
rev.
Mr.. Cameron. OF Pennsylvania, from the
Committee on Naval Affairs, reported q
resolution for an examination by that com
mittee OF the new system OF naval defence
invented by Captain j. Ericsson, and re-
port thereon. Adopted.
A number OF bills granting relief in in-
dividual cases were presented.
Mr.. Blair offered resolution instructing
the Committee on Public Lands to inquire
into the administration Of the land laws.
Adopted.
The remainder Of the morning hour was
occupied by Mr.. Brown in remarks upon
the currency question, his text being
resolution declaring the inexpediency OF
contracting the currency by the with
drawal of silver certificates or the discOn-
tinuance OF silver coinage.
AT 30 =. NJ. Mr.. Brown concluded,
and his resolution went over without ac-
ton. The Senate then resumed the con-
sideration Of the Sherman funding bill.
Mr.. Morgan opposed the bill. He said
he was entirely satisfied Of the ability OF
the Government to pay $3.50, 100000 OF
the Window continued bonds in eleven
years without drawing one cent from sur
plus revenues. and presented figures in
illustration. lie also gave figures showing
the respective totals OF the appropriations
necessary to eXtinguish the whole debt in
five. twenty, and thirty equal instruments.
He was in favor Of using this surplus to
eXtinguish the debt at the rate 0f $1,000
100000 per annum. Commenting upon
the avOwal which he said had been made
by some senators in the debate on post
poning the payment OF a part OF the
public debt. and thus continuing the
debt indefinitely. in order to perpetuate
the national banking system, he spoke OF
the incubus OF the bank power. which had
been created in moment Of folly, and
which was now making lis weight upon the
Government felt. He referred to the eX-
clusivencsS OF the system IN limiting the ba-
sis OF banking to bonds Of the Government,
10 the value OF the franchise enjoyed by the
banks by reason OF their circulation being
founded upon the credit and strength OF the
Government, and to intention
to continue business upon from $4,000 ,0OO,-
900 TO ( 900. 900, 900 OF the bonds. He then
suggested rs a means OF avoiding the con-
tinuance OF this system indefinitely that the
Government should cease paying interest
on securities held by it for the redemption
OF circulation. and the further substitution
i'm their stead from time to time Of State
bonds Of undoubted security as collateral,
these being taken at fifty cents on the dol
lar. or at any percentage low enough 10
make the security absolutely safe.
Upon the conclusion Of Mr. Morgan'S
remarks the funding bill was informally
laid aside until tomorrow.
4 bill was introduced by Mr.. George TO
encourage agriculture and manufactures.
II proposes to repeal all duties and imports
now laid on machinery for the manufacture
of cotton and woOllen goods, or goods
composed of hemp and iute; also on tools
Of mechanics which are used solely in
manual labor; also on all agricultural inn
elements, and on all iron cOttOn-tieS.
BY Mr.. Ferry Relative TO the compen-
SatiOn OF letter-carrers.
Messages from the President were re-
ceiyed. transmitting Tor the consideration
of Congress number OF communications
from the Secretary Of the Interior.
The Senate at $50 Z. VI. went into eX-
ecufive session, and after few minutes
devoted to referring the nominations re-
ceiyed to- day adjourned until Tomorrow.
HOUSE OF REPRESENTATIVES,.
The House proceeded. as the regular
business OF the morning hour, to the call
Of committees for reports.
Mr.. stephens, OF Georgia, from the Coin
age Committee. made a report on the sub
iect OF metric coinages. Recommitted and
ordered to be printed.
Mr.. Willis, OF Kentucky. offered reso-
luton calling on the President for informa-
tion as TO the execution OF section lI52 oil
the Revised Statutes, for the promotion oil
the efficiency OF the civil service, and whe-
Their the sum OF $1,000 appropriated FOL
that DurpoSe j. sufficient. Referred.
After the transaction OF some unlmpor-
FAINT business. the House resumed the con-
sideration OF the report OF the Committee
on Rules. proposing an increase In inc
membership Of certain committees. The
nendine question was on Mr.. Ofth's sub
/ iititute for the appointment OF Board 10
select committees. After a long discussion
tbc question was submitted TO the House
for decision, and Mr.. Ortl's substitute was
rnled ont of order bya vote OF 1913 to a.
MIR. King. of Louisiana, offered an
,mendment relating to the Committee on
Jmnrovemcnt OF the Mississippi River
nrovidino that il shall have the same priyi-
ieges in reporting appropriations Tor inc
Improvement OF that river as are accorded
TO the Appropriations Commute IN report
ing general appropriation pm hespoh'
in support OF the amendment ~ bearing Oh
the question Of cheap transportallon'
Mr.. Dunn, OF Arkansas, opposed the
amendment, arguing that the question o.
improving the Mississippi river belonged
TO the Committee on commerce.
Mr.. Thomas, OF Illinois, advocated thu
amendment. and said there was no reason
why the Committee on commerce shoult
have charge OF the question unless the CD
iect was to make appropriations Tor thu
Mississjnpi and carry through the House
the river and harborapproprlationb bill. liz
asserted that the commerce Oh the Missis
sippl river was twenty-five times greater
than the whole foreign commerce oil TIN