The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-09
THE PROGRAM.
What viii be Done in Congress.
Action on Lamar's Nomination the
Event of the Week.
What Will be Done If the Judiciary
Committee Fails to Act.
The House Will Do Little or Moth
ing of Public Interest.
A Financial Suggestion From New
York Bank Addressed to John Sher-
man-something About
Territories.

Special Dispatch 10 the Appeal.
WASHINGTON, Jan. s. Star route
changes: Route No. 1855, Brownsville
to Jackson, permit postmasters at Browns
vile and Jackson TO deliver mail TO car
rier one hour in advance Of schedule
time, provided no connection be broken
and no complaint be made. Route No.
1898, Baldwin to Wallerville, Miss,
from January 10, 1888, omit supply OF
Fairfield, decreasing distance two and q
half miles.
Railway postoflice changes Cairo, ILL.,,
and West Point, Miss. railway postal
clerks extension of run TO end at Mobile,
Ala; increase in distance, 223 miles,
making whole distance 400 miles. This
extension taking up and disseminating the
West Point Miss, and Mobile railway
postoflice, the line TO be known as the
Cairo and Mobile railway postoilice.
CONGRESSIONAL PROGRAM.
An effort will probably be made by
some senators not members Of the judi
ciary committee TO reach an understanding
in respect 10 the lamar ease, should the
committee not act upon IL at its meeting
tomorrow morning. This may lead TO
caucus, though none has yet been sug-
gested by any senator. Many even of
those who will oppose confirmation are
becoming tired Of the necessity OF rcceiv-
ing and answering letters OF inquiry and
advice on the subject, and wish TO have
the matter out of the way, 10 as TO give
themselves and their correspondents a
period Of rest. A caucus could have no
other purpose than to determine upon a
time when action shall be taken, and pos
sibly 10 give opportunity for a rehearsal
OF the reasons for and against confirmation,
since there il an explicit understanding
that Republican caucus action shall never
be binding as regards the votes Of the par
Elephants upon measures which come here
before the Senate.
II is not expected that any measure Of
great public interest will come before the
House OF Representatives for action this
week. A great many OF the bills intro
duccd last Wednesday have not yet been
printed. and the more important commit
tees Of the House have therefore, NJ yet,
little to consider and nothing to report.
The first meeting .of the committee on
rules will be called early this week 10 con-
slider various changes in the rules, and a
/
may be presented 30 the House for dis
cussion during the week.
The resolution offered by Mr.. Holman
10 inquire ~ To the necessity OF maintain
ing the Fort Brown military reservation,
Texas, will be reported and passed, and
the Dinglcy resolution calling for iniorna-
ton in regard TO alleged Canadian discrimi-
nation against American vessels passing
through the Weland canal may also be
brought before the House.
The judiciary committee will report
some unimportant measures 10 be placed
upon the calendar.
Monday will be- devoted 10 the introduce
ton Of bills, but no general tariff bill
formulated 90 meet the views OF the ma
jority will be presented.
FINANCIAL SUGGESTION.
The following correspondence Is pub
lishcd in New York:
"Tm CHAsr NAroSAL BANK
| kEw ionE January =. ihss. I
'IIon John sherman. q. \. T., Washington. u. a.:
"Dear Sir-By giving 20 the banks par
instead OF g0c ON the bonds deposited will
give an addition 10 the volume Of cur.
rcncy Of $50 OOO, 900, and by removing the
tax Of per rent on national bank notes
will encourage the banks 10 enlarge their
issues, think. TO the extent Of 1000, 600
more during the coming six months. !
can see no reason why these amendments
to the law should not be granted promptly
Some relief 90 the money market must be
had soon, or the cry for an unlimited or
an enlarged coinage Of silver will he sue
ccssiully raised. Silver notes are saiisiac.
tory currency, despite all the Arguments
against the Daddy Dollar Except for u
short period prior 10 and during a panic,
there Is always money enough Tor doprc.
citation and liquidation will quickly bring
about an adjustment oi prices 81 the vol
ume Of money disable In making prices. !
have the impression that you are opposed
20 granting the issue OF more national
bank notes, and feel that | am not tres
passing on YOU In apprising you that every
national bank " DESTROYS 10 get that extra
10 per cent. on their deposits Of bonds,
, and certainly the business community,
even the iarmngpopulation Of ourconntfy,
will be- graliiied In better and more ade.
quate issue Of currency, for II u the pre-.
yailing opinion that morc money u ncccs-
j sary 30 stop depreciation. i therefore ask
YOU take the initiative, not NJ much ~ a
favor 10 the banks, but aa an advantage 60
the public at large, In securing 10 the
, banks the two advantages Indicated.
Please excuse my pointed breyity.
, "JomS TuoNrsoS."
Mr.. Sherman made the following rcplyi
"sESArE cnlnnEa I
WAsntN0fus, Jan. q, 1874 I
f'MY DEAR srR-Your letter Of the 9th
I Is received. agree with you entirely ~
10 the proprciy Of increasing the currency
3 30 national banks in the mode suggested
aud you are mistaken In surprising that
had been opposed 20 such issue.
81 introduced bill three or four years
AGO allowing an issue OF bank notes mp.
proaclhng within 10 per cent Of the mar.
kct value Of the bonds deposited. 1hil
was defeated In the committee on finance
> and a proposition 10 give them circulation
. 10 the lace Of the bonds was reported and
!. passed the Senate, but wm never acted
n upon In the House.
i ~ would most heartily vote for bil
? authorizing the issue Of bank notes equal
!. 10 the par value Of the bonds deposited
. 'JonS SnTnAAx.
n "John Thompson, Esq."
4 ApuLrERATioS or room.
> The commissioner Of agriculture ha