New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-21


DISCUSSIONS IN THE SENATE
THE MrAsunE RELATING TO NATIONAL BANK
CIRCULATION LAID ovER-IHE UNITED
STATES COURT BILL
Washington, Sept. cO.-The Senate resumed o'nS'u.
Grafton Of the Senate Till 10 reduce Inc aho"'' 20
United Stats bonds to be required ~ NATIONAL p''N'
and 10 res tore to the ch?rncls OF TRACE le c"'o7
ACCOMMODATIONS of lawful money-the pending qnc''io"
heinz on the amend offered by NJ. Power Ia s'r'hc
out the first section, which reduces TO SlW'o ue
amount of bonds required to be deposi'ch by 'ao'a
banks for their charters.
Mr. sherman who has charge OF the bill, cxpTesscu
his willingness % accept the amendment ",o 10 e'
the bill pass so as to consist Of the second secul
on,y which would allow National banks 10 issue NOES
10 rho f,Il face value of tie bonds deposited to secure
circulation.
Mr.. Cockre said that the bill could no: pass nnder
the fve-minute rule 1t would require consioeraoIe
discussion He did not believe that cho mooe
nropo.ed IN the bill the proper way 70 IN
crease the circulating medium Of the country
When the bill shoud be before the senate no
would offer IN amendment requiring the Withdrawal
OF all bank circulation and the substitution
~ Treasury notes.-the bert paper currency that any
country had had. That would prevent any con.
traction OF the currency and would eke the controi
of the finances out Of the hands Of combination and
monopoly What had been within the last few
,eets had not been crcdjtable to the country The
Secretary Of the Treasury he'd been seen drawn on oy
speculators In stocks and grain u Ne"'forK 70 pay
out every dollar Of surplus In the Treasury In oroer
10 save them and to save their msgnary profits In
speculation and gambling lie interposcd an oe!eo-
ton to the present consideration OF tho Dill.
Tho bill VAS laid aside without action
The calendar was then taken up aud after several
private bills were passed tho following btu was reached
Senate bill authorizing the Secretary OF the Treasury
to settle the Indebtedness TO tho Government OF ae
Sioux City and Pacific Railroad Company. Tho blu
authorizes the Secretary Of the Treasury by and with the
consent Of the President Of the United States, to neSo
date with the Sioux City and Pacific Railroad Company
Tor settlaeut Of its Indebtedness to tue United States
and to make such settlements thereof as shall be
judgment for the best interests OF the GovcrD-
nent, and upon the receipt Of such sum as may thus
DO agreed upon BY and with the consent Of the Prcs
don't TO execute 70 sold company an acIuittance N
full Of It's obligations 10 the Government Of tho United
etates arising out Of the advsIce BY tho Governments
The company Of the bonds to aid in the construction
of It's railroad: provided however. tbat nothing con-
tanned In the bill shall be construed % as ~ affect any
right that tho Cnitcd States now has or may here
after have 10 recover against the said company by
reason Of any act unlawfully done IN Connection with
tho or1g1nAl construction Of the railroad
Mr. Cockrell asked Mr. Frye. who had reported tho
BILL II there was proposition 10 settle the debts OF
Ill the Poetic railroads On the same principle
Nj. Frye-There is not.
Mr.. cockrsll-wl,y should there be any distinction
u; nye~ins el1 apple only 70 n:.,e hundred ,%
ms road which belong: RTaSea to the Gn1saS aS S
snosher road belonging 70 thst company and nd. i y
rot worth ss tSs as nss fSs xAs for
Chicago and Northwest Company can destroy It at
% asS was % nS S%a t oa Of
Il anybody WAS authorized 70 MAKE e~.Ee a sa;
IT. Fys~Prlnoips IAN and interest, perhaps $1,000.
W." lin coclreu-And the only prospect is few hundred
". Eys would not give cent I!, for # I,,o,
and III tho Central psciaei 81 '''~'-'' - w.
Mr.. Entirely.
The bill was then .psssed. ,,,o.
Oh: r. s ,,:sss s esS' s ss.e e1 a
s ss s"s s .s 1Se 4 ta .u s tn
sg M E .s 81 y; 81, Insss saopt
,ns NC S IF ns s Ts
Appeals in the Eichh Circuit. IN the same snd
under the same recIatons as from tho circuit Or dis
i Mr. 'G poiph oed an aI'sH sa providing that tn.
'S" o ss!s az a. sa ssss:
ton by writ Of error Or appeal =, review y" "r jndS
Mt they order, win Ina as. m rs s asa e Idf
ss AT ss s RSs s"s ts' ' c rom
Mr :" a 1 asS1 Ss e n Wy hc s, tho
TsF much iHSS sa q the az was to-
Ny Dope offered an.er aeanen; eos,% Glhs
TIC Xs ID District ND Mf" AT n" e ap
poiItnent Of two circuit judges therefor.
collateral question only, and as an eml.ro>.neH' 70
In the course Of . long Discussion on this amend.
meni. Mr.. Ingalls,, who had offered apendmnpt 10
the e,1 nit s as %on Gp s ion th, the
Of the supreme Cont into 1uoruns Of th,rn. % whom
SHOULD Be assigned from time 70 time. the consde,at!n
Snnsl and which, ss matter 81 fact could be de-.rt
y any orsna justice Of the The Ins
suprens Court hsd Ieen determined by n. Proc, ,sc
edge OF preccGents in caSes that had been decided a
thousand times. from THE DAYS Of III" Il horn hons
II Was absurdity 70 that that great AGGREGATION
ne supreme Court and must all he a,rbled IL QUO
sss' %s;1 "a r., q
on n'ys ?"S'" Of % rn
eSrsos al the meas sss ss S d tie nine
would no permit any case TO be decided By ore Of TO
him the entire mass Of arear: 4 bas|ncs' ro,lc b.
sps ss 81 s lSs y s9e i '
no sacrifice of the dignity Of that tribunal no los
OF prestige or power, no sacrhce OF privilege o. pre-
| rRative ana no dimlnuticn OF the rights OF the
| humblest OF the greatest sutton at rs bar
Mr. Spooner declared himself In favor Of the plan
reported from the judiciary committee. which he un
defstOod to have been prepared by Mr.. Evarts. He
Thought that II would afford the necessary relief md
| AFFORD It absolutely He not In favor OF Mr..
lngalss Amendment. the effect Of which would he the
ostabspent substantially Of three Supreme Courts,
and therefore violation Of the spirit Of tho COititi
! ton.
nent but II disclosed the absence Of quorum. TIN
| roll Wa called. and only forty Senators answered
| In tho meantime, however. tho Senate cOnfcrces
the Tariff hill sent for aud Is they Ar
| Rived the quorum obtained and business was pro-
| c<cdcd Will.
| Mr. Dolph Withdrew his amendment. and Mr.. Daniel
offered ono evrpding the right OF appeals 10 tho
IN OF convict, OF f'lon' and