New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-08
HOUSE OF REPRESENTATIVES,.

Mr. MONROE Rep. Ohio), from the Com
mteo on Education and Labor, made adverse reports
OH bills granting million acres Of public land to the
trustees of Institute in Florida; donating the
former u Courthouse building OF ST. Augustine, Fla
educational purposes and TO promote education IN
the Territories. Laid the table Various other bills
OF minor interest reported.
Mr. HOOPER Rep., Mass) from the Committee on.
Coinage reported bill to amend the Coinage act of Feb
H. 1873 lie explained the b,whieh is merely technical
IN ia provisions, and it was passed.
Mr.. HOUGHION tRep' CALI from the same Com m
Louis Chicago and Helena, MOntanai Referred, under
point Of order, 10 the Committee OF the Whole.
Mr. HOOPER reported another bill TO :amend the
Coinage aot OF 1873 by making the charges for the
axe Of gold and for converting SILVER into trade dollars
depend upon the TO he xed from time TO time by
the Director Of the Mint so as to equal but not exceed
tue average cost at each mint and assay office Passed
THE CURRENCY BILL
The House them at o'clock resumed the consdera
ton OF the Currency act Speeches wereI made by
Messrs PLATT (Rep., Val, ORTIZ QRep., Ind), PACK
ARD (Rep., Ind, HEREFORD Dem, ". YAH MON
ROE Qtep.. Ohio, and cox (Dem., \; ~
sition ~ Imitation ana in favor Of specie payments.
After referring his record onI financial questions, he
said: When the other day lncidsG'ay interrupted
remind him that his Jubilee over the Presidents
mated that because had offered IT, or rather had
dressed 1t up. So then, II member opposed 10 the
utye that two and two make four, all the wseacres of
that party insist hat they make five Mo- the truth Is
Il
an angel there IS much Of the fooshness OF this
world" here, that it wonld baye been voted
down with insane clamor But since the gentleman
espouses President heartily and says that he Will
vote hereafter for who is for infaton what will
ma DO when Gen. Grant signs the bill Are his party
cords strong enough To hold hmf For myself, PROM
ise that will certainly oppose the Administration
samei Or must he obey the msster-wil at tle White
House, and, like couruer.
s 4h;n dog b sy an SSs@O ir' se poppar 70,
Let the Executive test II by veto.
Your President, with all his recommendations for specie
York ONO Iowa Wisconsin, aud elsewhere he was.
When mankind" said Cicero in his second philippe
1sey endure t6eei" We will see which side
will work and who for, on this vexed question.
am aware that the vote imitation has little party
sgnifcance either in Senate House; but who is not
ensbe OF the fact that the Democratic people and plat
forms especially the Democratic platform at Utica,
(Mr. Hawleyl commanded the Connecticut Democratic,
platform. Let him read that OF Network 1t demanded
specie payments Iepudated reputation; 10 denounced
all schemes OF speculation and taxation either by an
and monopoIies in the shape OF tariffs. 1t rested
the and historic principles of the Democratic party
In regard TO the sentiment IN New-lorX Mr. CO4
saId speaking this light do not refer 70 the will
o-tnewisp. which pursues my colleague tMr Aeillshl,
who spoke some days ago IN derogatioH OF the
OF the City OF New-York at the Cooper Institute
meeting. Yet what did that meeting DO or say NOT IN
the general INTEREST," IheY thOusnI ple.noIa "a "a
paper not redeemed in coin was dangerous; ~
would lead to speculation ana disaster;
would lead TO fresh cldmOr for new Issues
They held that such issues lies; that promise
money; that such would defaDgo values
and deter from legitimate business They held especially
that II would be injurious the agricultural and labor
ing classes. It would enhance the price Of the
benefits They disiked any free BANKING system not
founded Ia safeguards aud on coin.
The necessIt " resumption OF specie payments
referred To as follows Again let me say that in my
oDniOu the country better prepared for steps toward
sece payments than has been since 1865 The crisis
I,- come Trade Is slowly recovering aud although IL
may be healthy il viii be reduced fuuy One-tmrd II not
onehalf below what has been Ia past
years Is not, Therefore. the actual need for
money for legitimate business purposes largely redueedf
least IL IS FOR some time 70 come Caplta has Deeh
sunk ana must be reproduced IL cannot DE printed mo
existence by printing evidences Of debt and stamping
them legal lenders Now is the time 10 take tDe nfst
step successfully toward doing duty, and yet now Is
the time we taking the backward step! When
will we go forwardi The House may reet!Iect
"A bill introduced by me 10 recall and stamp
as not legal tenders the portion OF the reserve al
ready out My colleague (Mr. J.. II. RODcrts Thought
mis- TO be impracticaDe. Wny Because there is no
record by Otherwise Of the Issue. The Oid
sle even abroad As u .uTns out, 10 was burned
aud new issues made. Sly bill therefore could give H. II
Passed. practical help toward Ie great deslrfrau.
VINO is blame for inst Was this done for purpose ana
m uurpOse" This currency mas been paid out
and IL lust deUt OF the United states, although not
LEGAL tender" But no action OF Will DC taken. IL
~ cnnId be found and marked, II should be declared 10
,rnaIng and for any further Dictionaries lu the
a,asa,I9y Which are immediate, and which re-
,renrhuyeut cannot stop, We might, IN great
,snd provide for by temporary ~ loan.
Vie banks ars daily pressing their loans upoh ""-St-