New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-20
PROM WARRINGTON.


~ rrO1uop cItfer
M GARFIELD replied that that did not alter the fact
The fact w as that we he'd so much gold which would
help TO supply the revenue caused Dy the VI
Treeubacks The Secretary OF the Treasury did not
intend the Committee on Ways aud Means did not In
and nor desire that there should be rard contraction
,fthe currency. There was no purpose OF that KIND.
tspT desired to see il fall and il he (he Secretary
could help it, he whonld prevent II from mo' ing GOWN
ward rapidly as it was Would the monS s sse cons te
traction of the currency the House Indicated on the
18th of December lastt What had been suggested as
remedyi The gentleman from Pennsylvania (MI heneyl
bsd introduced bill to-day authorizing the Secretary
20 fake up the bonds as they matured and TO issue
sreenbscks for them. II that policy were established
within the next le months. He had on his desk
apampblet written by some one in Pennsylvania,
issue Of 81 coo 600 900 in greenbacks which
would place the country in glorious condition. re-
markable sentence in that pamphlet declared as the
sam OF the writer's financial Wisdom that next 70 the
immortal gods paper money was the greatest and most
bepefcent power on eorth LangbteI
Mr. KELLEY desired 10 make remark.
Mr. GARFIELD declined to yield the floor and said
that Mt Keeys bill would food the country with new
feshet5 and deluges Of paper money which would sim
py dive the country deeper and deeper into the abyss
OF dEhonesty in all its business transactions. There
was franCier, statesman living dead. who had
lived within the last - years who had not declared
the Secretary declared hat the only honest basis Of
business was q money basis OF gold aud silver. The
House should now act OF its own responsibility tie
mes sure. On the one side proposition 10 return
20 honest and soma vaineS: on the other side,
TO 1ost on the boundless and shoreess sea
ofpaper money 1t was for the House 10 decide
which Of the two alternatives it should adopt
Let the House pass this bill now, and With little de-
preston In business, little siringency in the money
market the worst wouI soon be End the business
Of the country would reach solid earth. If the country
went as II was mo-, e0rg, financial crisis verse
than that Of 1897 woud bring Us TO the bottom. He
unwilling TO let his 60 out committed 10 the
paper-mOney policy. which world result by-nnd. by in
general ruin. lie Gid not want to have his head the
Of people broken AID ruined in business II
inscribed on the monument OF the great Queen Eliza
beth. when her gloIies were rected and her honors
summed up among the very last and highest aud Gs
the climax of ALL that she had had the courage bring
back money to iIs fret and real value. When this
House shall have done its work, If it shall have brought
values back 10 their proper standard it would deserve
such monument to its memory. lie moved the preyi.
Gus question.
Blr CoNKING asked if the motion TO reconsider pre-
vailed. If the gentleman from Ohio would allow q I
motion 70 be made TO recOmmit the bill to the Commit
NJ GARFHLD declined 70 enter into sueh an acee.
ment lie desired that the bin should its fate
Nj. CoNKLlNG Inquired Of the Speaker whether II ,
tie vote was recOnsidered motion to reeOmmit would
ba IN oder,
Tie SPEAKER replied that it would, if the previous
question on the passage Of the bill was not moved and
MI. STEVENS asked whether the gentleman from Ohio
wOsd allow motion 10 recommit with Instructions to
report Mr.. HOOper5 bill to test the Of the
House on that bin.
Mr. GARFIELD replied that the Committee had con.
siered that BILL and believed that there was fatal
clause in which tied up the hands Of the Secretary
and made it almost valaeiess lie threfore could not
sccede to that
he did not desire to be mSrcpiesentcd by the gontle
man from Ohio who had said that his bill proposed 10
redeem the bonds Of the Government with greenbaeks
Mr. GARFIELD declined 70 withdraw the demand tor
the previous question Il
The previous question was seconded. and the House
was brought directly TO avoe on the motion TO recon.
sider.
Trevote was taken and resulted Yeas sl-Nays 81.
So me vote rejecting the bill was recOnsidered The
following is the vote IL detail;
YxA,-Messrs Alley. Allison Anes. Ashley tOhO). Bald.
win Banks Baxter. Bergen, Bdwel Blaine Boyer Bran
dgee Brooks BroOTsl Ghaner C9arOib cOnhlins cuem'
Dawes Dawson. Detns benson. l,onnely Dumons, I'D
rage Fansworth Fsrquahar Garfield Gossb-enner Gnden
he Hsrdenf ky nossn EgoIS D0a S' s,s.m
Lswreaoe pal LebOnde, Marshal Marson Marvin. Nc
ham Randall pa, Randall tKy) Raymond Ritter Rogers
Rollins Ross, Rousseau, ssyer seoted ssrAse; smith,
Jobp L. Thomas jr Thornton Van Horn (io) Ward, War
Ser Washbarne ms, washburn (Aiass Wentworth VIVA
EAT.-Apderson, Baker, Bake Bea%an Bingham Blsw
Bon,we BrOTws Bueksnd BEsay CsI5s vS o. % SoeS
Harding Of H. Hart Hayes Henderson, Highly Hi ITO mes
YHobbel Of o. Hubur1 IDgerso yenckes Julian Kelley,
Kslso Kuykenda, Lawrence Of o. Loan Lynch hec luIs
P p NJ Mas Iee Of Ne sheabarger sloan Stevens
Thayer Tumble Irovbridse tpsoh Van Aernai Vas born
Wipdom.
,ad before doing so he wished TO relieve the Union
iaenher Of the House who had felt constrained 70 vote
against the measure from the Injurious construction
which would in quarters be put upon TIER OPPOSE
ton Having voted for the bill himself be felt no need
OF personal explanation; bat majority OF the Union
party on the floor had recorded their votes IN oppos
lion ard had done so upon deliberation from clear
and discriminating sense Of duty Their objections
were founded in matters Of detail and cid not go 10 the
uriuojue or pooy involved Yet would be proclaimed
that tae vote on Friday indicated determination TO
Persist in policy Of paper money and TO resist return
10 specie paymentE Nothing could be further fTomthe
truth. Gentlemen this side, without exception, /
deemed the whole subject OF prices and finance IN an
unwtoesome condition. and they al mean 70 DO every
thing possible TO ipprove and TO do IL speedily as
10 safe and conservative Issuing paper money was
only a temporary eIpedlent. an eXpecient deemed
necessary in the midst OF great ana sudden war.
Gold and silver were the true standard OF value: the
worlds Standard the only enduring standard why
Not because they money. The rank but the gun.
cas- stamp" Bnt becaDse beside being money they rep
resented the cost OF production This paper can mover
DO ana paper can never except temporarily be the sole
crrencv OF this country. Common sense SAID tbisi
common interest said it; the laws OF trade Say IT, and
the people say it, The seeretsry Of ihe treasury IA
She President In the clear and wise. aud patriotic
passage in his message treating financial theories only
record the sentiment Of the countrythst az the earl
est practicable moment were 10 come back 70
wholesome condition Of things, to specie
basis. His distinguished friend from Illinois
(Mr WeDtwOrth) was not at all TO assume
that hs colleagues this floor stand In
need Of advice this subject. He (NIr. COnklinP)
happened be OF those who at the oGtset had given
ms vote and bis voice in the House against beginning
the paper money. lie knew then what evils il wouid
bring with IT, and how hard II would be aud how long
II would take to get lid Off He believed then and lie
believed now that, al the time Ii was adopted II
premature that II could have been postponed and the
evils 80 some degree avoided.
Mr. WENTWORTH asked the privilege Of the floor to
state that hs was not member Of the House at that
time
Mr. CosKIIsC-No; my friend from Illinois has been
here many times when lie useful; but he was moi
llr a