, 1874-01-23

rer,,r+ h;,, c-o,A,r, conn,teeoo of hxa erninan
aul skilled persons to bo appointed by the Presden
By and With the advice and consent Of the senste
who sha examine and report to Congress ~ha. legs
laton necessary and Practicable in regard to inter
r,a 1aad 10 psoaaote tne o. ioao"n8 80 ~
freioht snd -,sasnTr ~ ~.fetg snJ orfnrt NJ
| passengers, by Providing for the Inspection ot
Bridges tracks, locomotives, and ca and the reform
tien oI nnjust dscsimnations IN the transportation
.,o,,s ~ anu ana genef whas
rnads ths ,ntc1es1s ~ e1mn1arsa .n3 ronrsnisrna ~
safety Of the travelling public. WA
| Mr. MORTON ss;i m Tnesaar rart ba ,v,,,,;,
tai-o short tin,a IN e1nress h;a r;a,rs ~, ,I,o
,--r-1N,W ~ w.. a F11E ~ f14S n.H SlIeu.
nt ~ nvNt. r1t l!gi tua to.n1ttce w 5lut
!nS aos - w iesolt,l4oo n1aA'oe
~ uu4a"ts1 ~ tuo to1s1esslona4 pilt1tc1 ~
,t ~ ~ 'ne LItecI uoy M or
pat. " o1eecn no1 Actua4y uenseseq III 5ne
oena1e OF aouso o. neplesentatlses. fasseo.
,r- n4v1c ,ntIas, n1.Ln npho ~; e., +A
-. - - tne ounseu y u!n iui 5ue !o5 .nei -
PedEepen' far2nd u LUIS ofea' nAl'a"na lN'ef' ne
Ao11eo- .
NEW RuLE.
Mr. MokIOS offered an additional rule to
those OF tue Senate. declaring tnas no amend
ment to any Dill 1of tue creation OIL post-route
shall be II order untl! alter the referring OF
SUCH amendment TO the Comalttee on Post
Offices and Post-Aoads- Referred.
THE FINANCE RESOLUTION.
The morning hour having e1| ued consider.
at1on of the hnance resolution was called: aud
ar. DoUiHELL aan essed ne senate. t1e sa1d
the Senator from :dlssoun (schurz) had been
pleased to ar.nlgn him for an opinion incident
ally expressed on the financial question III THIS
Chambef, and Ternaps more AZ large, tetated
elsewhere? aud was pleased to character1ze ;t,3
those opinions as oo-notntnS PoAcy. 1hohe
opinions, during tue raat hse years; "eie en-
|
lat1'e ano e1eco1i'e nIahcnes OF the uo'era-
ment. Inc nnancla4 dllacuisy through WHICH
the country uaa recently p!sseo, uAo tauen'
iesson' AZ teacher, II saoula oe 1espectea'
paL ~ =, o1ctatos. oea'ana!nS 1nAt Poucy 'rtea
6nou4o De aoanooned' auu oaG Hot t1iou bo gn-
tered upon, It was not worm attehtfon. Inc
number OF failures OF legitimate BUSINESS men
during the late trouble were lew. Ine laoof1nR
Classes aiooe nave suue1ear anu dneY alono arc
the persons eot1tlea 70 cons'eotat'on, ana 70
1her interests ng tnouent congress snoula no"
ADDRESS user. nc hoped 70 DO ao'e 70 snow tna1
an 1nuatlon OF Ine paper cu1seucy "oula Nnac1
standing ana iasllng Owls upon 1apoIsnR nen.
ae cohtenoea toas tnefe was frequently an IN,
nauon OF tue currency 10 hem M 1ork? ana
leS e'As were o1saseroos. lncse N q
nasorat PROCESS oy "nlcn currency, "netnel
paper ol eoln. uaea IL tuo pApoeo ~ ooe1uSao'
"A' aeeuinu4a19 - pa su4at p.a.et "nea
eseiy yoHer M u ~ aesaon sntbo @ .rh,n usGn -
hausteo 1or tne purpose VI LIS ns,1'ou11nP , u
fa;1ure. Tie currency will flow where it be-
ionea, and. tnere9ore. naturally accumulatas in
tI,e civ Of New York. The banks Of the Civ
~ Eaw Yorj< actinr nnon n nractice almost mi
versal na7 interest On dopotits. and the result
il that money. instea1l Of remaininc in Chicago,
Sr I,ons and other noint5. f1oSs into Nav
YorE~f,tv. gi1ty. or seventy millions Of dol
lara often t,c;nr. neld there subject to cali The
nccnmnat1on IF currency in New York by arti-
acial means led to an imitation of tie cur
rencv in that citv. and to specuIations.
followed bv disaster and ruin. An iuuation Of
he cnTrencv of the country would. in time. pro-
duce tho same results. He was. therefore. op-
nosed tn nny increas6 in the y,lur.o Of paper
mnnev nj tI;e conntrr. aud. on tho other hand
wra onoosed to anv contraci1on OF the curreucy.
Ho did not think depreciated currency in ITSELF
nroar ev;] Rv that ho 1nennt to say that if rhe
cnsrencv ha denrecated and Drices and products
~ IahnT haccI1a ,ccnr,mcdated tn that state of
t,;n"s there nra no suhstaniaI evils Affecting the
ceneral nr,sneritv Of he country. The authority
66ftha Treasrirv Denartment TO use the Az, ,00O.-
ma leeal-lender reserve ought never to have
hee1, Gneetioned. but lie trusted that this debate
wonld sottie the legal right of the Treasury to
nsa thnt reserve. The Department had acted
noon the idca that it had light to use it When
eger an emerrencr occurred. bearing in mind al
vavs that il VA not to be ADDED to the volume
Of cnrrercy when issued. but to be restored to