Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-03-31
CONGRESSIONAL.

SIN DGopsade ns-uessrs Anthsny. vii.
see et al, Take n Brighter vieW Of
1hng"ueuse Proceedings. 81
SsNAfR-<After cur re port closed yestepaav--
me Suppleoentsry Currency bill being q nder
Mr.. sherman q N endmen, 70 the Alb ssesion.
Providing that IN the rrdstr. bu ton or the mr.
rency toe comptroller shall first make reI uisi
ton upon ,hos, banks having q circuIauou Y
ceeding tl,o0 ,U0 Ia. S;ares having exc IS of
ciIeoisuon' ana wtndrawIng one-thiri of thsi-
circu a'ion In excess Of 3 1884, aud then pro-
oeedine pro rata with banks having carcul alton
exceeolng Sl0O0 o; was agreed to.
mi, e roo' eSsred an snne ndmenst, the amend
the banking privileges eran ted by thu "A atloaa i
currency act, ths Z nitsd Stats bond VII n
shall hereafter be deposited in the treasury ,
p,suse unoer the PROVISIONS of the la " shall,
curing the time they remain therein, bar 10 :
tereet al tee rate Of only three pr cant auj
that the bonds already so d. posted as pIed = )
shall. after January, 1850, bear Iuteres, only a,
shall rematn SO placed
mr- Pool then tosk the floor in a lengthy
writ. speech on the currenc Y and the faanc-s.
Mr.. Fsssenden stated that be had al Wa VS. > N .
eItainsd the kindest feeiiug towards the : ,uth
and ~ regretted new the want OF banking Il /
tll1ties Tor that section, but the people DO wu
h-fe should remember that it was tneir own
acuon which created the necessity for tn
na'lonsl banking law, and also caused the
unequa distribution of WI N they I'M piaiusd
MT Cole declared his desire 20 wipe out co..
u, 81,
We're tremendous lax and burien upon Ia e
people. These banking ass &c atoms had tire.
nennous advantages; they first got 6 per cent
IN golo on toeir bonds deposited Ia the Treas
nrSs ana then got what interest they could on
The currency advanced to them, averaging
altogether Il 10 Is per cent. He was In favor of
the amendment OF Mr.. Pool 10 reduce the rate
% interest on these bonds TO per cent, aad he
was IL favor OF free banking system, su ch q,
they hao in California
Mr. Morrill, characterized the Amendment of
MI pnnl
signed to drive the national banks GU, of exist.
ence. and which, IL adopted, would have IN A.
MO-. He was surprised at the Senator from
CaiiforEia, whom he had al ways regard ID a |,
sound republican, and he could not i'm sgipa
where he got his financial theories from =
NJ. wilson expressed his great Willingness
10 give everything to the Souih aud West that
they could desire, but he appealed to them not
10 ta'e from Massach usets the circul atom
which she now had, and which was a nacesst.
y TO her industrious population. He declared
that the country was In a condition of tn /.
greatest plo-ptrIty, much richer than before
the war, and IL NO calamity came upon tn j.
country We would, in the next year have
tute- would amount to.
Mr. Morton wanted to strip the fiimsy dis.
guises from these protestaions to LEI M as sacn
setts and me East alone; th At they needed all
the circulation they had. They did not need
II; they did not it at HON they sent It to the
rates Of interest.
complaining Of the uneq ual distrIbu son OF the
circulation, whereby the profits OF toe sy stem
accrued To few SLate-.
Mr.. Sprsgue had never IN has IIs- hard so
ilu'h ignorance displayed upon any subject "a
he had IN this Discussion to-day.
. hr. Sprague said the p tper of his co ileague
tNii- Anthony had recently stated that he M
S.)was en- barrss sed by his private ousin IS and
bis pubic dul!rs. This was in correct He
was only on one com elitt-e, Military Afairs,l
aud The chairman DIR. WILSON, knew In At his
M hHTa moi In,
DIS privat- business, he had paid but iitfie at.
tSntion tolt, Vet the last year the profits ha
ben greater than any year before, or auy tnr-e
years MI. >. then gave an account of his bus
Ihess and The vastness of hts business resources.
These at acks on him were insIigated by pr
Ii ious influences 10y thos. wh had dlsgr iced
tue annals OF the Stale, who lad disgrac I'd reg
lnents OF men, who made the Senate the
I-cn'e point OF their attack, and who corrupt
toy Their touch. These parties riderouga.snod
over the country. -. .. ,...
Mr. s. then attacked the present national
banking ~ stem. The banks were managed by
men Who knew nothing and cared NJ hing for
Tie general business OF the cOuntry ex c-pt SO
lar as IL could De used TO further their owa
Interests. These great capitalists controlled
everything. They came here ami In the other
House and he who could resist them was
NOR than n god. He Mr.. =. knew himself
OF case where one OF these great Interests had
cOTae forward to person aud asked him To
make Ger ain report on a certain ter. ami
Crered him S3,OUJ down and the giltLerIug
temptation OF SlOU,G00 when the report WIS
made. II we are not standing upon a volcano
lie was very much mistaken. The CRIES are
constantly coming up from the people, 3 I'VE
u nom the extortions Of the m0n-ysd men,
iwepty-fve and thirty per cent. interest. He
felt anxious about the situation, because he
lad seen the tendency of things for th 70. wears.
he had studied it deeply, n ght and day. and be
believed be congratulated IL.
The Senator from Massachusetts tMr Viii.
s2nl drew such glo wing picture OF the pros
perity of the country. What did tlat Senator
know about business What dad he know
about society. How much OF IL did he m ngle
with How many Of those with whom that
Senator associated could give a comprehensive
view OF the condition OF the country. That
Senator understands parties, but he mist .kes
his calling when he attempts 10 give utterance
10 sen imenis touching the Interests of the
masses OF the people. The cities are prosper.
Gus because the whole capital of the country is
concentrated IN the cities; but the people out.
side OF the cities are not so fortunate. Anony-
nous letters have been addressed l., him 10 tia
effect that he mast be very familiar with the
disturbing element in American society He
was familiar with it, or be would not nave as
suIneo To speak OF II. Americans who go To
tnroIe plunge into all the immoraities there
and mixing with this fifth, they come nome
and contaminate their own countrymeu
Ne people OF the country should understand
The pressure that was brought TO bear 10 shape
l-glslation that their Representatives were
Untrue, and that the country was breaking
Gown. The Senate OF the ualfed States was
responsible for the present condition of things
We can Hecer arrive At Specie payments ON the
road that you have com men ed and followed
Win such terrific dis aster the te rests of the
people. Our friends from the South will get no
possible advantage from his act, alrh ush they
think they Will, and he voted against II because
II would InCr-sse the wealth and influence of
New YORK. he would pledge his wnole prop
erty that IL they would only adopt the plan
sugges ed by him our finances would SOON b.,
PACED IN as healthy condition those OF
Great Britain.
MIR. Anthony sand his coll a.ue hac. In the
early part OF his speech, referred 10 q para
graph IN a paper with VIII len ae INT. AnthOnyl
was connected and which he characterized as
Ia attack On him. he AIR. a. asked for thu
r4adine Of the paragraph from the desk and
Ia cCiieagus could regard il as IN attack upon
nm. lie appealed 10 every Senator here If it
could bear any sucn construction. HEINZ "A J
Atd Lo. intended 10 say anything IA Isuiy To
TIE gloomy vie~ takeu Oi public affairs by his
CeIeuEAe and he fsIt bound 10 say that these
views were not shared By he people OF Rhode
Island. Their fathers were not afraid 10 trust
ihsir daughters or their mothers their sons in
II" some society iii which they had snaTr selyes
gone. The husbands were not afraid u leave
ter doors open. The people of Rhode lsiaud
did not think the country was gong 70 run.
lie (Mr. A. did not believe IT. He belle we'd
that ii.is country was entering upon a career of
prosperity such IL had never before Known.
lie thought me picture drawn by his colleague
only came from his own cited imagination
VT SpTague would, at some failure day. rs-
Ily 10 these remarks. Bot he would saw he
knew or what be spoke. His prosperity was
caused by the breaking down Of every other
man In the same interest He knew the Der
ncious workings OF th 10 sy stem, and he desired
10 zee It eone away with. As to this article
4 hfNa