, 1870-01-26
FoRTY-FIR6T CONGRESS,

| smaras1 tshteauAtof3 tnefeo!l saau BE- -
en1nes' dtr,dant, 'a1 w. sefetM seis aoNea on Y
sec,on snsIi oont,nae faq sne dn; no9e4 oJ so
s1n not u.1 ~ or ana so Mnch q salu taxes ~
| cnilertef snn ns'd o. ~ oeNk eGu 5e4: eoAA =
q'eec1'nt1 tt1a. ~ sata sections. .
Mr. nSH6nS ~, ~ ~ soc1aanS t,e,. eIa9ss @ ,,,,
Lands' repoIte1 1oini ~ m nn
Mi.4,ks.rns a. - pupnG ~ u rea, 1
subiIc tp ct1posaI n1dcr lie honestc.d isTs hT p
pTeemrtion sna 81 Ioes;,op. undcF tao sane ec9. ~
snd TnrT4tortrs a1rent;n1 .n"h ra.s-.tIa,s -
c1ants ~ hrre hern .Ttasr MA 'aAoas ano
e'1u'e % n0' e - uIEn 7T,raa aa 1e,ay y 1 ta1ae
,,- poornT9nM r1.1IicA; t.. Dislhu1Ties. I
,f1rai ~, af,,es Te,trqtd frEnGs st 70
jieye certafn r,ersons INV 1ae.1 10 1aIii - -
oaias vp.xc,c,, ,,,,,c,.-- -
"a Iac esled uP p ths }n,ns 1eounoo r.
posenenr fe1 aoo oes npon ~ indefinite PIT,
aslde. @ sad al % oc,oSS sne o'Sca'1on IL VAS lad
a.'.,' 90. .,<.. t.e a. a. NE LET CURRENCY nu1
va IL ta1E9 HE1 qG ,
+ha rntra1cr sroAe aSa!nst any expansion OF
spesie has.h The pending bill neither retarded nor
r1aoal r.. s,s sSnuseon ~ Of tne currency but
ne ae sy1s Of tns hour: The secretary4 .plsn for
areIs 9an aeos aqu dnl1isnnE neF bonds for
I'll Ts eop{d hane Fass OF t3e 9a mgat BE- ths
5 s 70 2sses'I ss1S G5
~; =: ~ u!ea tae Ia!fement 81 eseenbacts
,att sc;o ~ 1aaan M h wnsteef It was p'oposed
saFMneH ais3n q Inc ne 9a nna,t 70 az ~ .n
III fnhaT a 'as ssd a'e ~ 10 IKE assou on tho
mr. lad mon its s,,tnas,, rs asss
consuel 'n inpeesaot sessoqes xopa
1s n 51; TSeh had hare
- Isso,nnenasd y tae secfe.stT ef he Tisss.
~ Inew a ~ naI han aao ~ oolecion 70 IL that
n,iu Il s.eme ,o en e cdneescd eo n 1sd, ne public
nest ~ hosns Tay IN ~hlcn .ns pressing ne
Tha n}her W NJ III co3!d oe made
aesenteo s: 20. me only doubt now was whether
1.n n, nonsu ~ " autaos1@eo Largo corpor4-
orean;ytnr ~ ~ tno - ,s c9as' were actually
~. MUMuH HnaeSitea "a: there should be
Taa r. ~ n.i:91 na ~ % Wnether ths hiI
tnto ~ IF oS a. an5 opoa nc hE1o}sst Of redsis
Sed aae ana w. before the House By which $780,
Ea:sep u cs. va 10 ue saksn nom the
Western s,sus ~ 1ha G3ces; ana x!ssn 70 H.
TO tae former former et!, tho result woald be
a. [eas'ifiension 70 the extent OF 1900 600.
BY nc Chairman Of the Finance Committee a ;ea
ni i 70 contaef th!s as substitute to, the other
" ~. ~ Weca case ne would not faycrit. because
D!scnss!og i IN the llgas Of substitute several
thin9a ~ mtsht @ be sad Of It. Frxt, IN its present
fern The IN would result ID ooa
COZ, because It would require the withdrawal Of
mat amount az = teserse 10 be held by the banks
11ssning 1 .aS,eooto: 10 point Of fact tnere wo1i1
showed tia. stDce June 20, 1865, there lad bEen
an M actaa! contfac:oa By . redetnption Of thsea
couE.rs had ieit. though The cause Of tue stri. T
ktuey Hae u0AhoHn IhA bill would 1ccTease the
aIS 9h o! eonlsction TO nearly saa He
oecMfed 10 Opposition to contraction or tho cur
aencJ. anu ne GnaEactGriztd az unseuGd the arkn.
ment q o. Gomm!ss,oLer wells tha! the depreciation
80 a. e3cess 81 some 500 600 or $3.50 OH, ,0u
.1.. ~ msouel 8 companion was between the
scnana o. aGo Goeaey Tssygo In 3 circulation II
u anas eounuy; Jet our territorial area e.
ESeuen e mote tnan t1ntJ uroes that Of the United
Sos nosse.s t6e 81 91r people dta
anu ent., .ttaaa uaa1 c1sck sn)o5ed there. This
o9'nP11on ~ ss,r[s9r, q d., ne present volume
~as eana1ls aeesct1te. n Tiex Of our territorial
.on, 81 aSa 5ne !act that tac St8tes haTe NOW
70 casisneJ ci taeir Own, a The! bad before the
PAT q he country. Quantities Of It are Ia ac,ual
crsosn oret ~. sae counayt and thus demand is
heio,e 1ot nat'opn currency which dld not exist
day Was nn o,r .,shae M1st n. sAqe ., currency p
az not asau!eEcc II she opinion tnat the pfice Of
return Of specie paJmenta It xas e1ttreiv 11v
within the faDRe Of no5sfniIItv tnst
gold would he at fnrfy cAnf1 wtfhtr Sn1!s '
Many Of the cold rsnhters At Eear Wy - taa
deepif Foundeds ana IT. TonId hn soTe Wv ts1 ofsn S
fore Others TOOK their places; but their piaces
Yotk are looking for Hord "a rjse in pnid az ~
distant dsy. TEe conJiitinn nj the crnns a'eo ~
tered fnfn the nreafion Ths,afnra ~ 1.nrgas
for system Of hanffnr. II 1Ts M e1Fa ~ csi11s
tate that gold Fould never IN e1ore etoS,S nar
cent. There wns no security Whatever ar.insrit
Tnr rnr. "a ~ &NC .-.-rInta, Att,s ~