The New York herald., 1873-12-19

to-day, and one OF them ~ we are not praccaiy aDle
about specie payment had " once rather bad
myseif, but experience ana the lapse OF time cured
order Of tSe ehs Ss eSpecns to
again IN three months, yet 1t did not resume Tor
70 years. He was in favor OF q return 10 specie
payment when the condition OF the country would
permit IL. He inquired II this was the time to
adopt definite measures to return TO specie pay
10 specie payment should be In prosperous times
He denied that the panic facilitated matters Tor a
Mr. MoRRlII 1RsIp tTepS Of vt inquired II the
gentleman did not recognize the TACT that during
TINS panic there had been q large addition to the
circulation by drawing on the S4l $1,000 reserve.
Mr.. MORTON replied in the Affirmative. and stated
that the policy was beneficial 10 the country. He
thought there had been a recovery from the panic
10 some extent. He made the assertion without
fear OF successful contradiction, that this panic
was not brought about by any detect In the cur.
down our currency appreciated in value. good
physician always looked at the character of the
panic were the same as those in countries where
they nave nothing but gold and silver coin ;
panics occurred IN those countries even more
our one. In all countries they were
brought about by some sudden and
was regarded as strong banker, caused loss OF
confidence all over this country. The banks Deld
all the money they had, and collected all they
could, and would not loan on any security. The
suspension OF specie payments had generally been
the remedy for panic, not the resumption. He
pancs during the last 100 years had not been re-
sumption. nor contraction, and he did not believe
m Ky wv voue % Se az e rne
The government did all In Its power to- relieve the
panic at the beginning, and the issue OF part OF
the $44, 900 reserve did much to restore con-
fdence The very knowledge that the currency
was being enlarged induced people to put
could be shortened, and every day that it was
SO lessened would be great blessing. The Eng
lish and French governments never let panics run
fharr lint n in fhn ma AuAr IN IN
them. He believed that II the government had in
the beginning put out the whole of that s44, 900
reserve the panic would have been stopped imme-
diatey. The President and Secretary OF the Treas
ury, however, anticipated tnat there were would
be falling of In the revenues OF the government,
and the money would be needed to carry IT on.
SUPREME COURT PRINTING.
Mr.. CARPENTER, (rep.) OF Wis.,, introduced a bill
Supreme Court. Referred to the Committee on
Mr. BoGY, (dem.) OF NO., gave notice that he
luton reported from the Finance Committee.
EXECUTIVE SESSION.
At three O'Clock r. M, on motion OF Mr.. CONK-
LING, rep.) OF N. Y, the Senate went into execu-
tive session. t@tt A@Af
HOLIDAY RECESS.
At five O'Clock the doors were reOpened, and the
resolution to adjourn over during the holidays was
received from the House. 1t having been read,
Mr.. Edmunds objected TO its iurther consideration
to-day. f~9 v,,t.uts.
The CHAIR replied tnat it was a joint resolution
and the objection would not hold. @s
Mr.. SHERMAN moved to adjourn, and the motion
was lost bv vote OF % yeas to 26 nays.
Mr.. HAMILTON, tdem.) OF Nd, moved that
resolution. 4E& sN
Mr.. EDMUNDs renewed his objection, and raised
the point Of order that under the twenty-sxth rule
sidered except by unanimous consent.
The CHAIR read the nineteenth rule and over
Vermont lMr. Edmundsj. The resolution, having
been read. was before the Senate and must be
Mr. THURMAN % believed the resolution should pe
next Tuesday: He believed the Judiciary Com
sac as ana to ha s the sons
s the the aM Of sn tse an s sSsd he
adjournment be ordered from tomorrow, 1t could
not become law before the holidays The Sena-
tors would be doing an injustice to their cOnsttu-
ents to adjourn over now. For himself he could
not let law remain on the statute books which
every day was being used tor the purpose OF black
mailing and running men.
Mr. HAMILTON did not see that anything could be
accomplished by remaining here; the probabilities
were that the Senate would adjourn over from Fri
day to MONDAY.
Mr.. THURMAN-NO, no.
Mr.. HAMILToN--You say, No, no; l say, Yes, yes.
The debating character of the Senate would never
let bill pass without debate: not one from an
eclipse Of the sun down TO closing up barber shop
could be passed in day with all these lawyers IN
the Senate. Again, the President was not here,
and The bill could not become law. not even II
Congress should pass 1t before the holidays He
thought the time for Congress to meet should be
changed to after the holidays anyhow.
Mr.. THURMAN thought the Senate was bound to
stay and consider the matter calmly and delib-
erately.
Mr.. SCOTT, trep.) OF Pa, moved refer the reso-
luton to the Committee on Civil Service and Re-
trenchment. Lost by rising vote OF % yeas to "a
nays. e .s-a.
Mr.. SPENCER, repl OF Ala, moved to adjourn.
Lost by vote OF II yeas to 23 nays. s
Mr.. LOGAN. repl OF H., said the scene reminded
him OF years gone by. He did not blame his
democratic friends ior pressing the adjourn.
them, but on the majority here He was
glad the majority had one recruit from
the democratic side tMr. thurman, and he
appealed TO his friends on the republican side.
alter the chairman OF the judiciary Committee
gave notice that his committee was ready to re.
port on measure which should be repealed-a
measure which was being used as one or oppres-
sion to grind down the debtor class-n0t to stand
trifing with the great interests Of the people. He
did not wonder at the people OF the country com.
planning and denouncinR Congress 1t was because
Congress did not take that interest in measures
which they ought to. sffHs3
Mr.. WEST moved to adjourn, which was agreed
tO-yeas q and nays 1s. and at ten minutes past
six O'Clock the Senate adjourned.
HOUSE OF REPRESENTATIVES.