The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-17
Proceedings Of Congress Debate on the
National Bank Question in the
House, Scanty Atten.
dance at Night.
The Much.Wanted John W. Dorsey
Turns Up at the Proper Time
Cases Adjourned.
Dlsgraceful Rencontre Between the
Faculty and Students of an
Educational Institute.
Post on Futures - The New York
Stock Market.
A Little Scene In the House Of
Commons.
Other Foreign and Domestic News.
Other Foreign and Domestic News.
Forty-Seventh Congress.

SENATE.
WASHINGTON, May l6.-Petitions were
presented by Mr.. Mcpherson, from the
board of aldermen of Jersey City, solemn
protest against what they call the base sur
render by James G. Blaine and James Rus
sell Lowell, of American citizens, and
calls on the president to vindicate tEeir
rights, and demands the recall of Minister
Lowell, Referred to the committee on for
elm relations.
Mr.. Bayard reported favorably from the
finance committee, with amendments in
the nature of substitute, the bonded
spirits bill. He said the committee had
taken speedy action on the question, be-
cause of its Importance to the public reve-
nue. and the extensive business connected
with it, and that an amendment would
probably be offered in the senate allowing
bonds to be given annually, so as to pre-
vent hardship under the present arrange
ment of giving bonds monthly. The bill
went to the calendar.
The land bill then came up as unfinished
business.
The bill was discussed for some time, and
finally went over as unfinished business ior
tomorrow.
After an executive session the senate ad-
journed.
The house resumed consideration of the
national bank charter bill
Hewitt ofNew York, promised his speech
with the declaration that he was owner of
no stock in the National bank and that he
had never borrowed dollar from such
bank What he said would not be in the
interest of any bank but would be out
spoken, as the representative of a dis
trict in which he did not believe
there was national bank. He did not
claim that the present system was perfect,
or that in some other age and time better
one would not be devised, but it was
the best that had yet been devised by
the ingenuity of man. Any circulating
medium, In order to be good, must be re-
deemable in coin on demand, and should bo
! issued in amounts sufficient to meet the
legitimate requirements OF business. That
was precisely the condition that we had
now. The banks were willing to redeem
every note ON presentation, and they
were able to provide whatever amount
of currency the demands of bust
ness might make necessary. lie
proposed that the national banking
system should not be changed in any re.
spect except in regard to its circulation and
security for the same. He would keep the
issue of money in the hands of the govern
ment through the agency of banks. He
would provide for a reserve fund and q re
demption fund, but he would no longer
compel banks to deposit government bonds
for their circulation. He would issne note.
for 90 per cent. of the capital, would still
require percentage of banks capita
to be invested in government bonds, and
would make stockholders individually
lt,l.I Ia co. Il "a. "A.
amount of their stock and would insttut,
a reserve fund by assessment on all sucl
banks to secure the notes of any one o
them and finally he would make the bank
as a whole guarantee the circulation o
each individual bank.
Buckner, of Missouri, after briefly advo
eating the substitution of treasury notes fol
national bank notes, opposed the pending
bull as being wholly unnecessary. 1t was
deusion aud cheat, which would not ac
complish what the country thought Il
would, and which failed to secure safe anC
stable circulation.
Butterworth, of Ohio, supported the bill
rs being required by public policy and by
the business interests of the country, bu
insisted that the reserves of national bank
should be kept in coin.
Brumm, OF Pennsylvania, opposed tn,
bill. lie advocated the principle that tn,
issuing function should be under the con
troll of the government, and in reply to
question as to how the amount of currenc,
should be regulated, he said that he woult
give the treasury unlimited power TO issu,
fiat money so long as money brought NOR,
than 3 per cent. interest.
The subject then went over.
on motion of Dowd, of North Carolina
senate joint resolution was passed author
tVinu fha Qnnrptlrv nt lnnn I'M ta ~
to the citizens committee of Charlotte
North Carolina, TO be used In the celebra
tion of the 10th anniversary of the Meek
lenberg declaration OF Independence.
The house ut y. m took recess unit
1880 y. m, the evening session to be for de
bate only on the bank charter bill.
There were only ten members present q
the evening session of the house of repre-
sentatives. After speeches by Messrs
Ha2letin, OF Missouri, Anderson, of Kansas
and Holman, of Indiana, in opposition l.
bill to extend the charters Of nationp
banks, the house at o p. IN. adjourned.
NOMINATIONS.
The president to-day nominated Commo
; dore Samuel l.. Carter TO he rear admiral
Rutlcdge 7. Hughes as United States mar
shal, for the eastern district OF Virginia
Ambrostc Lecom ite, receiver of moneys q
Natchidoches, Louisiana; Samuel II. Lump
kin, postmaster Chester courthouse, SoutI
Carolina. -
The star Reuters.
WAsnfSoroS, May l6.-The extension q
ten days, granted by Judge wylie in III
Star route cases, to enable the government
officers TO secure the arrest Of John w
Dorsey, expired to-day. When the cour
opened deputy marshal made return /
the warrants that he had been unable I
find Dorsey. Mr.. Merrck, Of counsel 70
the government, said that warrants 70
Dorsey had been sent to New York, Vel
mont and Texas without effect
Judge wylie directed the crier to call Dol
sey's name. When this was done one q
his counsel arose and said Dorsey was 4
court and had been in the city for ten day,
He added that Il had been Dorseys inter
ton from the first to attend when wantet