Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-06-24


out IS and "a 1-2 grs. the quantity of fine and
standard god in quarter eagle, ana insert %
40 and 66 grs"
Mr. CLOWNEY replied at considerable
length, and entered into an argument TO show.
that the proposed ratio was just, and would be
attended with beneficial consequences.
Mr.. GORHAM went into history OF what
had formerly been done upon the very delicate
subject involved in the bill, both in this country
and in Europe, and entertaining the same ap-.
prehensions with Mr.. SELDEN, as to the effect or
the bill in banishing the silver circulation: ne
proposed an amendment to obviate that DIM
Guilty, as follows
Sec. 3. Be it further enacted, That from and
after the first day of January, 1910, the legal
tender for the payment and discharge OF all
debts contracted or obligations for the payment
of money incurred after the passage of this act
shall be one-halfn the silver coins and one-half
in the gold coins, which by law, shall be made
current in the United States: Provided, howe
YER. that any sum less than five dollars, and
that fraction or remainder of a larger sum
which shall be less than five dollars, may be
paid in the silver coins current by law within
the United States
Mr.. SELDEN consented to admit this as a mo-
difcation of his amendment, in order that {
question might be taken upon it.
Mr. JONES, Of Georgia, replied to Mr.. Sell
DEN AID Mr.. GoRHAM, defending the amend
ment moved by Mr.. WHITE, and anticipating
with mach satisfaction the wholesome effect OF
the bill in bringing in gold as specie basis to
the paper circulation of the country.
MIR. GlLLET also congratulated the House
on the prospect Of at length obtaining, what he
characterized as legitimate currency. He Ia
sisted that the ratio of is 10 ] would not do
more than make up Tor the dlhcrence OF the
cost of transportation.
Mr.. BINIJEY expressed his astonlshhlent at
the character Of the amendment proposed by
he Chairman End still more at the argument
by which it was sustained, and winch he ols-
cuss1G at length. He did not consider the qIeG-
zion Of very great moment. 1t could effect no
ru;l change in the value or cold, and though it
might be a temporary advantage to the holders
of gold coin and the owners Of mines, it could
Neither add to the wealth Oh TIE country nor
take The place Cf a paper currency Its Chief
practical efec. would BE- to place il the vaults
Of the banks gold coinage instead OF silver
, one.
N.Y. EWING opposed tie Amendment of lEr.
WHITE, and advocated that of Nj. SELDEN, n a
speecil, which was very frequently Interrupted
by unusual noise and confuSioI in the House,
+, insoLluch that his course Of argument vas but
inGistilctly heard
Mr. CAMBN ELLNC referred 20 various rte-
tlos established by the different European Go
yernlnnrls, expressed his own preference or
| tnat of I o 1860 but SlTnlted his Wiling
ness 70 re'ilqush this, sud acQuiesoe in that
i proposed By tie amendment Of Mr.. WHITE,
which wa lie ratio established .ifouGhcu, ilio
| Spanish dominions
! Nj. McKIN opposed IN amendment MO
posed 0J Mr.. GoEHAs, as inconI enie'lt ii :.
| high degree, and subjectire the mercantile il
terast to extreme emSarra$ SrIehr lie preferred
the vito Of &c $685. 20 dive ratio Of 20 is,
! but he apoieheade1 10 Inconvenience ron
| chat score.
! Mr. GOR1IAM now consented to WitnIrH"
! III au.e1uneaf, when, afeI al inquiry from
2lr. 9ElD, the question was pa, on Wy. S.LD-N'E
/ am aIGmelt, cd decided oy yeas rnd EAws, @s
| .1ilows Yeas IS, Nays iG7.
! So the amendment was TeitCt2t.
A1r. GOEEkM then proposed another ttEcad-
| .nGnt, Altering the quantity IF pure sold il. a
EAGLE ivor7 2c2 10 234 grs. ma The quantity Of
standard geld Ii orr 258 to 260 esrs. regulating;
the residre Of tho bill in the same proportion -
IBIS also was rejected by yeas AnG nays eGs
60 Mas liz.
Nj leINNEI + then proposed an 8lnpnulh IN.
proviCing or IN annual ussey :. III co;nae 2;
which agreed to-
The bill lyls ihen c.deled to its thirt. .eGdihe,
anG read / third tirnc: when, after some -
marks from ,iessls. ADAMS, ARCHER
GCPHAA.. ELLSWORTH, and WILDE, The
| question >!as tA;en on the },GssCgo Of the bill,
and decided i'll thG Affirmative rs follows. Yes
las, Nays SIS
So The bill was payset; and sett tc ,he Senate
10. cOncnrfcLcu.
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