Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-02-09

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WASHINGTON, Feb. 8, 1885.
sessse.
The Chair laid before the Senate a
MEMORIAL Of the Legislature Of Missis-
sippi favofing the Eads ship-rslwsy
scheme, which was appropriately re-
feITsd.
Among the measures fsvorably re-
ported from the committees and placed
on The calendar were the following:
BY Mr.. HoAr, from the Committee on
Privileges and Elections Bill fixing
the time for the meeting Of Congress in
1887, and every second year thereafter
on the first Monday in October, and 10
1856 aud every second year thereafter
on the second Monday Of November.
BY Mr. Voorhees,, from the Commit
tee on Additional Accommodation for
tbe Library; a resolution providing
that the marble busts Of the Vice
Presidents Of the United States shall be
placed in the vacant inches OF the SEN
ate chamber.
Sir. Ingalls,. from the Committee on
Rules, reported adversely on Mr.. Platts
resolution providing for the considera-
tion Of executive nominations in the
open senate.
At Mr.. PIatt's desire (Mr. Ingalls, not
objectingl the resolution was placed on
the calendar.
Mr.. Plat said be would hereafter
take the occasion 10 submit TO the Sen
ate reasons which, in his judgment,
make IL desirable that the Senate should
adept his resolution, Notwithstanding
the adverse report Of the Committee on
Rules.
Mr.. Ingalls, offered resolution,
which was agreed to, directing the Com
mittee on Finance to inquire into the
propriety Of making such an amend
ment to section 1871 Of the Revised
Statutes as may be necessary 70 require
the issue Of United States notes Of the
denomination Of one and two dollars.
In offering the resolution Mr. ingalls,
said nited States notes Of denomina-
ton less than five dollars had practical
" disappeared from circulation, 70 the
great inconvenience OF sill who had
small daily transactions or were en-
gagged in the retail trade. lie (Ingalls)
has ascer:ained by examination OF the
statutes that the denomination OF
United States notes vas left entirely TO
the discretion Of the Secretary of the
Treasury, with a single limitation that
notes Of q denomination less than one
dollar shall not be issued. Mr.. Ingalls,
understood that the smaller notes had
been Withdrawn and practically retired
from circulation for the purpose OF
forcing silver into circulation, and
thereby rendering silver unpopular with
the people. lie supposed that II all
notes under ESQ were withdrawn the
result would be that gold would be
forced into circulation. No effort OF
that kind, however, appeared to have
been made. Mr.. lngalls's impression
was that the people Of this country
wanted gold and silver as basis OF
circulation. but did not desire to carry
either metal in their pockets. The peo-
ple did. however, desire the restors-
tion Of small United States notes and
inasmuch as they pay all the money in
the Treasury from their own resources
and are owners OF whatever currency
there NAV be in the country, he I'm
CALLS did not see why the peoples wish
should not be gratifed. lie had, there
fore. offered his resolution.
Mr. Eustis offered resolution d.
recting the Finance Committee 10 IN
auire whether it had been the custom
for the Assistant Treasurer at New
Orleans to receive deposits Of standard
silver dollars from shippers Of said
coin, and to issue to their correspond
ents at New Orleans receipts for silver
subject to count. and to issue silver
certificates after the count OF said dol
lars so deposited had been made; and
whether said custom, if it had pre-
vailed. had been changed by the In
struction of the Treasurer of the
United states, and the reasons there
for also, whether such custom was
now in force at any other Sub-TreaSury
also. whether there was adequate
clerical force at the New Orleans Sub
Treasury, and if not, what increase
was necessary there to enable the Sub
Treasurer to carry out the law.
Mr. Eustis stated that the cashier o
the National Bank at New Orleans haC
written him stating that shipments o
silver dollars had been made by bank
in the interior TO their correspondent
at New Orleans, but that the Sub
Treasurer at New Orleans had refused
10 receive silver dollars on deposit
and that that refusal had been ap
proved BY the Treasurer of the Unite'
States. The only Sub-Treasury soutl
Of Baltimore being at New Orleans, tn
business Of the States Of Tennessee
Arkansas, Mississippi, Texas, Ala
bama, and others with the Treasure
OF the United States had to be don
through the New Orleans Sub-Treasu
~. Id therefore became & most lin
portSnt question whether that Sub
Treasury was conducted IN complianc
with law, and with recognize
and approved custom. 1t scenes
that the law in favor Of circulation
transmission, and deposit Of silye
dollars had been practically susPende
by officials Of the United States. Wha
was the consequence: A strong pre-
iudice would soon be created agains
the silver dollar. Mr.. Eustis had II
ceived information from another cAshie
of bank giving the startling informs
ton that country merchants were ref
sirg 10 receive silver dollars except al
discount.
Mr.. Dawes inquired whether sub
treasures were required TO receive 81
yer dollars the property Of private II
diEiduals on deposit.
MIR. Eustis replied that holders
silver dollars had by law the right
deposit them in the Sub-Treasury an
receive certificates therefor.
Dir. Coke read the provision. OF Ia
on the subject TO that effect.
Mr.. Chaee asked whether Mr.. lust
meant that merchants had refused
take silver dollars for debts or thi
they had refused TO sell merchandi'
for IL.