The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-18

tracted financial agony up to the time when specie
doubted that specie payment could he resumed
merely by legislation at all. Certainly it had
In 1919 the bill for the resumption OF specie payment
passed. the depreciation TO be removed was only two
and half per cent 80 that the bill was not the cause
announcement Of It. He thought the statement OF
Mr.. Morton, that the amount OF the currency had
nothing to do with its depreciation, erroneous
Mr.. MORTON, trep.) Of Ind, denied that he had
made that statement; what he had said was that the
existence OF the bonded debt had nothing do with
the depreciation OF the currency.
Mr.. DIXON insisted that Mr.. Morton's printed
speech conveyed that idea. He thought the real
mystery. He believed the chief cause to be our
national extravagance. II after the war Congress
had established and adhered to rigid system OF
economy, refusing to increase salaries and retrench
ing In every department OF the government, the
rency would now, in his Judgment, be at par, and
possible moment would be rs to institute such sys
tenn OF economy, stopping every unnecessary outlay
stopping II necessary the Pacific Railroad and GER
and second, to remove all political disabilities from
the people OF the South, as proposed BY his col
with that proposition was that it was made year
too late TO do much good. But it would east 60 to
the people OF Connecticut as his Mr Dix0n's) vind
sons upon which his action a year ago was based
The proposition OF Mr.. Stewart to punish holding
once IN violation OF the fourteenth amendment he
regarded as shocking proposton-making the
holding by an American citizen Of an Office conferred
upon him by his fellow citizens crime.
Mr. FERRY, (rep OF Conn.,, repeated what he had
said In the speech commented on by his colleague
that the present state OF things was entirely different
rom that which existed at the South two years ago
or one year ago, the Southern 0ligarchy being now
convinced OF the useesness OF further resistance TO
the national Will q, 4 not 80 convinced powerless
TO lead the people further In that direction.
Mr.. DIXON remarked that although he doubted the
possibility OF resumng specie payment by legisla-
lion. yet he did not wish to be Understood rs saving
hat lI.
moved to amend the resolution before the Senate by
inserting statement that Congress agree with the
President In the sentiment expressed in his message
that our national credit shall be sacredly observed
He proposed this amendment lie said, to show by
thls resolution tat oil departments OF the govern
ment agreed that the faith OF the nation must be pre-
served.
Mr.. HOWARD lrep.) OF Mich objected to the
amendment because In his Judgment 1t was not IN
harmony with the plain object of the Presidents re-
commentators on this subject, OF which the object
was reputation.
MIR. Dixon argued that the message could not be
fairly construed to mean repudiation because IL pro-
posed nothing compulsory upon the creditors.
Mr.. HOWARD thought 1t must necessarily mean the
Recommendation OF legislation which would be
compulsory
Mr.. CoRBETT, (rep.) OF Oregon concurred in this
view and thought the preservation OF the credit and
faith OF the nation the most important object for
which Congress could egislate or the people work.
Mr.. HOWE, (rep) OF Wis. moved to amend the
resolution 10 state that Congress agree with
the sentiments which ought to have been but were
not expressed IN the Presidents Message that the
national faith should be sacredly observed.
Mr.. SALISBURY ironically suggested that the Pres
ident be impeached for having expressed his views
In regard to the national debt.
Mr. WHITE (dem) OF Md, wished to say few
words about the resolution so that his vote upon
should not be misconstrued. He looked upon this
as q resolution OF censure upon the President for an
expression Of his opinion and he could not vote for
It, because he held the right OF opinion to be sacred
He did not understand the President to have pro-
posed repudiatiOn to mean the complete wiping out
OF the national debt, principal and interest. He was
himself opposed to Reputation in any form; but he
w n a m ainef IN
President, on account Of the plan proposed by him,
than he would be willing to join In an outcry against
any Senator who might propose to pay the debt by
calling 1t in and making reissue at lower rate OF
interest.
Mr.. vIckERs, (dem.) Of Nd, also denied that the
President had proposed reputation, and expressed
the opinion that the government could get specie
enough In the world to pay the debt. He read from
charged reputation upon Congress-; but he mr.
vckers) did not believe that the legislation referred
to to justify this claim did justify it, and he regarded
the making OF the charge merely as illustration
the difference OF opinion in the community to the
meaning OF the word 'repudiation." He moved al
tracts from the Presidents message, and expressing
the agreement OF Congress with the views thereon
expressed.
The resolution as reported from the committee was
then adopted by the following vote:-
. as. ssnias
Ferry Fcssendsn. Trelinghuyscn, Grimes Harlan, Hender
SsSs 81 y Sy
Sherman Spencer, Stewart Summer, Thayer, Wrinkle
Wade, Warner Wiley Williams Wilson and Yates-l2.
kAYe-Messrs Davis AcCrecry Patterson Of Tenn, Saus
bury, vfckers and Whyte-6
ExTRADITIoN OF CRIMINALS.
Mr.. TRUMBULL, trep.l OF Ill., introduced a bill to
provide for giving effect TO treaty spulations be-
tween this and foreign governments for the extra
dition Of criminals, which was referred.
II provides that whenever any person shall Agye
been delivered by tQyeQn government to On agent
OF me United states for the purpose OF being brought
within the United States and tried for crime Of
which he 10 accused the President OF the United
States shall have power to take oil necessary
measures for the transportation and safe keeping OF
such accused person and his protection against law
lessness and violence.
UNITED STATES C0NsULs IN JAPAN.
Mr.. CoNKLING, trep.) OF N Y, offered resolution
requesting the President TO communicate any infor
nation In his possession concerning the exercise by
United States Consuls In Japan OF judicial powers
In cases arising between American citizens and cit
zens OF foreign countries other than Japan and state
under what authority such powers have been exer-
csed and also what further legislation is necessary
for the better protection OF the rights OF Americans
In Japan
The resolution was adopted
ADJOURNMENT.
At twenty minutes TO i've O'CLOCK the Senate ad-
j0urned.