, 1874-01-16

that wo return to specie payment by contraction Of
sn hs Sseve s R'ns tIous &c
ne . gu currency circulation too small ilo nrsted
ess e nss si eG % s not nsss ns % i g @
,e milss frSm he pink sn most e lion lyed H
bank.crodlt thero wore much Rroasor than In this
country. and there was not nocesaty for 50 great
eo Gad wh eot aod 81
her Ct had Sy ss
dundant. Il lid boon ARGUED w T tlut W wo built rail-
roadA .ts too fass . 11o ald not believe Senator
had bccn built In advance Of sestlcment but they
rays sho pioneers Of cv!l!zatio o inquired Of
countroa IN Europe had made tho greatest progress In
sr a'' replied tnut o could not apswer
AIs. NORTON said ho had beon Informed that
1usa gresea seafna
70 tho United Suites Russia noxt, and then Italy.
1,usng tis period tue currency Of Austria sa been
from 10 to 25 per cent, and that Of Italy somewhere
t'e'n tto AL . re- cont flo aesssd ssSa
currency lid moi run down during tSat panic, hut on
this contraction argument tie Cd stato baniing sys..
.Sa u M M1 h0Psd @ fonF wqd
ohstss to Viii but % two ozsspttoDs @ ~ ae op
the senators from Missouri {Bogy} 4 few daya ego
saa his staso wanted more crrenoy while the other
these geniemon represented tho people uo yentur-
Cd 70 az th9 f9ror represented tho grcas ma1orys
ct M n sasaas a the ses Sg Sg
currency incrcasd asn,al nmount. Thore smaler
yono pf r To-day compa,ea WITH hs wealth
ago. compared with tho wonlth and busincsa Of tho
country It that time: Those things woro not TO bo
Min Tho system OF NAEe8 and prices In England
would no moro answcr in this country than tho map Of
Slr: HOWE sal 20 many plans had boon devised that
c began to think it would BE- unpatrioto IN him not to
ssy eomehing ard 10 had therefore given notice q
and had sond bin, the tite of which is, * 1ll to
rredeemable National Dank notoa, mud tue aubatitu
tion therefor Of rcdecabl6 National Bank notes, to
q ss ha hs eu s
tic country was doing husiness on q scanold good
way up from the aGa gr9and3 3 euStainea t by tho
will tumble down. He did not propose to disturb tho
volume Of currency bnt steadily appreciate s value.
opinion hat it would 10 tho safos road 70 return to
snecie rsynaSnt: The Government % should mnntain an
sfr. s1iEfsiAN announced m that he would speak on
tho resolution tomorrow no other Senator desired
tho senator from BoutwcD That he hed
uDuc 4ll 1H1H6LlCo III IlA GpUECA 1Neke4H15* III
SAYING he {f'outwclD had advocated tho ,as; doc;
?i ths legal tener notes' md msht not tnessfesa
deem them Mt oil, II it ,ycro ablo to do ao ue
Ind ccrloiny no intonton to do Mr. boutwell, m H.
juhcc. After Ieadng from the speech Of that gentle
man, in Which said lcgaltcnders redecmAble 1t
tho pleasure Of tho ao,ernnlen md that while tho
process Is going OH to bring grecnbacka and gold to
par, tho Government not under any obligation to
bring that rroccso to favorable result ut particular
time. Mr.. 6churz said he had Bomo reason to con-
asc tho Language as ho had done, but since NJ bout
vol assured him that Ao meant 10 say that tho Govern
mcnt was bound to redeem tho legal-toncr notes
coon 1t should ho able to do 30, It Gavo him pleasure
to mako this explanation.
Mr. FEET0N offered d resolution, which wat
ngteed TO- recttinB the proyalonco Of yellow foyer n
portions Of tho United Btacs last year, and belicvt1
lint the diseaso Is uBuay introduced Into this cou1
Try by sea, ana directing tho Supervising Surgeon oi
tho nlerino Hospital Service to preare brief h!s% y
Of tho yoow fover etlcie Of 1879 ~ IT. prevailed as
reference detais Of prevention aud hygiene, 1nt
transmit tho Same to tho acnAtG =
ADJOURNMENT. =,
Tho Senate wont into executive acsaton, md soon
aftor ndj journcd.