The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-06-30
tIlIIISE.

The House resumed consideration o
the conference report on the currency
bill.
Mr.. Judd gave notice that he would
move to reject the report and have an
other conference committee
Mr.. Coburn opposed the report and
argued that under it the people of the
Wcstwere not going to get any redistrihu
ton within Il reasonable time He be.
lieved it would be better to put the bill
off until the next Congress and then
pass general measures Of redistribution
rather than take this measure Of con.
traction which directly tended to bring
disaster on the country. Mr.. .Judd also
argued against the conference report,
which he claimed settled the question
against the desire Of the House and
againstthe best interests of the country.
lie expressed the conviction that if this
report were rejected and new confer
cnce committee appointed the Senate
would concur substantially III the pro
visions made 10y the House.
Mr.. Armstrong expressed the belief
that any policy looking to the contrac-
ton of the currency would he injurious
to the business interests of the country,
and regarded the conference report ~
a positive measure of contraction, at
least to the amount Of $9,0OO,0OO. lie
thought the wiscst policy would be to
reject. the report, 10y, even though the bill
Mr.. Cox expressed the opinion that
the measure was not much either of
contraction or expansion. 1t might
work little contraction at first, but it
would produce expansion and explosion.
1t was a bill which satisfied neither the
House, nor anybody, neither contrac-
tionists nor cxpansioniSts. What Con
gress should do was to march boldly
up to the measure of Il return to gold
and silver, a. the President had recon-
mendcd.
Mr.. Burchard also condemned the
conference report, particularly because
the committee had abandoned the S9j,
100000 additional issue which would
have reached all the States having less
than their fair share OF the distribution
of the currency
Mr.. Morgan also opposed the report
as being a measure Of contraction.
Mr.. lngersoll thought would hardly
do when the people were asking Con
gress for bread to give them stone,
and he imagined the present PROPOSE
ton was no more nor less than that.
He believed four-ffhs of the people il
there could he popular vote on the
subject, would vote in favor OF an in
crease of currency, and that too, in
the shape of greenbacks rathcr than
national bank notes
Mr.. Townsend also opposed the re-
port, because he looked upon il a. n
measure of great expansion.
Mr.. Jones, of Kentucky, advocated
the conference report and stated facts
showing the propricty of rc-distrlbu-
ton Of currency, He was afraid unless
this conference report was agreed to.
the bill would fail. He approved the
report not because it met his views, but
he believed il was the hest the House
could get
Mr.. Garfield closed the discussion 10y
Il speech in advocacy of the report. \
vote was taken on agreeing TO the con,
ference report and it was rejected
Yeas jS, nays l&2
On motion of Mr. Judd another con
ference WAS ordered
Mr. Sergeant, from the committc on
Appropriations, reported back the Sen
ate amendments to the Indian appro-
priation bill and proceeded to explain
them when the House adjourned