Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1868-01-24

marKaDle ana mOSls damaging cOEIeS-
sion; that The whole system of recon
struction was simply a partisan
scheme, under the power of congress
to create power through which those
revolutionary negro governments
might come to the rescue OF radical
ism in future elections. In fact he
regarded the proposition us Infamous
in every sense of the word.
SENATE.
T0di4 ad1 n january II.
A memorial from the members Of
tina Board of Registration of Missis-
sippi, setting forth 1.-THE destitute con-
dition of the people there, both white
and colored, and praying for an ad-
vance of supplies to planters to be
considered as lien on the crops, was
referred to the Military Committee.
Mr.. Morton presented a petition
signed by 1000 colored citizens of
Washington, setting forth the unjust
discrimination against them by con-
tractors and other Government en-
ployes, and from combinations of 9th
er laborers, and praying that men be
put in charge of public work who will
not discriminate against them. Re-
ferred to the. Committee On the Dis
trict of Columbia bae osa. .sto
The morning hour here expired,
and special order bill to prevent the
further contraction of the currency
wa9 tahon up, aud Mr. sprague re-
sumed the floor. 4'a ba /
He considered judicious expan-
sion desirable, but the circulation of
greenbacks, the fruitful sources of
speculation, bad gone far enough
The circulation of National Banks
was too much diffused to be available
for the credit of Government. The
United States Government was now
the greatest gold SPECTATOR of the
times, and the Secretary of the Trea-
Sury the greatest depreciator of the
credit of the Government. He con-
demned the Withholding from circula-
ton of the gold in the Treasury, and
generally turning it into a banking in
stitution. T he resources of t b e
country should be made available, un-
der control of Congress or Govern
ment, by the establishment of such an
institution as United States Bank
one that would protect the interests
of Government and people. Instead
of being tributary to to the monied
interest, the latter would then be
their servant. Such a power only
could bring back a sound financial
condition. Then expansion based
upon property and private and public
securities would be possible. He
was astounded that panics had not
occurred under the present vicious
system, which, the longer it continued
would cause the greater evils. Only
a power such as the United States
Government could stand against the
danger of a circulation controlled b,
the mopied interest. He concluded
after condemning policy melting t,
speculation by keeping one hundred
millions of gold locked up in tn,
Treasury, with circulation of A
per cent. discount. ...-
Mr.. Henderson asked what harm
would result from taking a 500 bon,
to the Treasury and exchanging it 70
greenbacks and putting them in sec
tons where they were needed.
Mr.. Wilson was inhexibly oppose
to extending the circulation of green
backs. He argued that if business
men were to be assured there woul
be no more contraction, why not ais
assure them there was to be no NOR
> expansion.
, Referring to remark of Mr. Wilson,
! Mr.. CONFESS inquired whether th
Senator was in favor of taxing bono
6 holders in accordance with the or
recently raised on the subject.
Mr.. Wilson condemned the outer
! raised, he said, by men who had o.
posed the war, whose policy he loatI
:, ed and abhorred. He was, neverth
= less, 10 favor of ultimately console
atiug the various loans into for
where could he taxed. He denie
that the country was going to rui
= politically or financially, as elaine
=. by the Senator from Rhode Islam
: Mr.. Sprague.) He had received le
tiers from treasurers of the States {
, New York and New Jersey showi1
E that the taxable value of proper
= had largely increased. So it was a
Il over the North and West. The pc
r Pile were better off than those
+ France or England, where the bal
- the Senator referred to was locate
w to which he was opposed first, la
: and all the time. He further advocat
=. the amendment, and hoped the COZ
il try would not adopt George Fran,
,o Trains ideas on finance.
N Mr.. Cameron thought if the chi
n thing to be done was to satisfy
$. country they would do nothing. T
m people wanted settled policy. T
Of currency question should be kept {
in of politics. Let the expenses of t
If army and navy and the civil list