The Portland daily press., 1874-04-10

were not for the deposits which thew patherad
together and utilized. If the East did not want
free banking the West did, in order to estahe
llsh what banks they could utilize If the East
DID not want an increase of currency let the
West have 1T. The West aud South would be
content if they could have what banking facili-
ties aud currency they could nse.
Mr.. Randall of Pennsylvania addressed the
House in favor of return to a specie basis
and against any increase Of legal tenders or
natiOna bank notes as a step directly from
such basis and towards Inflated and as likely
to produce another panic followed by distress
to the people. As a means of immediate re-
lief he ,.rOpased to diminish .he bank reserve
on account of circulation and deposits. He
also proposed the receiving of one half of the
customs dues in legal tenders as the other half
would yield $100,000,O0O He animadverted
against the banking system as the greatest mo-
nopoly of the present day.
Mr. E. r. Roberts said the time has come to
alleviate every subordinate feature in this long
debate and TO rally about the flag assailed that
is redemption. New York has by its Legisla-
ture made an appeal to Congress. The mes
sage OF her Governor is hardly less direct and
signlhcant than his lannon's order which flashed
through the gloom of 1861 Then there was
danger to- the Union. Now ITS honor and
credit are in peril. Trampe on sentiment and
on principle, and nationality rests on quick
sands We are paying our bonds but not our
greenbacks Since September S26 OOO, 900 in
legal tenders have been issued and since July
$2l, 1877, 1856 of the bonded debt has been paid,
but your pledge to pay in the future caunot
always be better than your sacred promise for
to-day. Your financial structure depends on
the treatment of the greenback. Haste has
not been required. No one demands mp1ss
bities, only be honest Admit your PROMISE,
do not insult your creditors; do not brand
never" upon your promise to pay. Whatever
else We can afford we cannot afford to destroy
the faith OF our own people in the monetary
obligations OF our government. Woe betide
tine day when the government shall become the
embodiment OF pledges if deliberately violated
The excitement which had been growing all
the afternoon was intensified when the oppO-
nonts of the bill under the lead of Mr.. Butler
OF Mass, desired to have the Senate bill substi-
tuted for voted down the previous question.
Ayes ", nays 142.
This gave Mr. Butler control of the question,
and be promptly. amid great confusion and ex
element, moved to postpone further consider
alton OF the bill till next Tuesday, stating he
would follow that vote with motion to 90 to
the Spt akers table and take up and pass the
Senate bill. The motion to postpone was car
RED, yeas 1873, nays 121.
Mr. Maynard Of Tennessee. who had charge
OF the bill, voted aye in order that he might
move to reconsider. Most of the opponents of
expansion voted against postponement
-, MI. Butler then moved to reconsider and lay
the motion on the table, the parliamentary
mode of making the decision final.
1t was now O'clock and motion to ad-
Journ was interposed. and on a vote by tellers
was carried, III to 100.
siridg TO have the currency question settled IN
In tO-day's session.
The motion to adjourn was carried and the
House at $50 adjourned.
The bill comes up the first thing after the
reading OF the journal Tomorrow.