Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-02-26

back to specie payments, and he believed
the Senate would accomplish the great re-
suit If it should only fesist the cry for more
money. Many Of the evils caused by the
panic which existed when Congress mel
have passed away. Money Is abundant
now, and the three months which have
elapsed have dissipated many fears which
existed then. To embark the country on
the sea of more paper-money now, would DE
criminal. He would say with the Senator
from Massachusetts, (Mr. BoutwelD, Stand
| still, if we can donothing. But he MIR. Sher-
man) would go further. That portion oil
the S44,O00,000 reserve issued
should be Retired,
and not be issued again, except in some
great emergency, and then its use should
| not be left to the discretion of the Secre-
tary of the Treasury. He would go farther
stiil, and fix some time in the future, say
the first of January next, when the country
would redeem its broken promises
either with interest-bearing bonds or
gold. The people would then be pre-
pared, and when the day came no
man would care whether he got gold or
bonds for greenbaeks, knowing that such
greenbaclls were good for them on presenta-
ton. He favored redemption, because that
would do away with maintaining in the
treasury great pile of gold. The money
received for the bonds could be used in the
| liquidation of the public debt and still kept
| in circulation. He was not welded to any
theory, but wanted some steps taken in the
right direction. Only stand still and pre-
vent any initiation, and one step would be
| gained. He believed all of the forty-fOur
millions reserve issued had been done
without Authority Of Law,
| but knew there was an honest difference Of
opinion on the subject. The Senate ought
to go back to the original proposition and
vote for the bill as it came from the com
mittee, and thus give the sections now in
want authority to organize local banks.
The advantages of such banks would be
great.
shurs PayB His Respects to Morton.
Mr.. Shurz said the Senator from Indiana
| (MOrton) yesterday referred to him as not
understanding the country in which he
| lived. referring to him as being foreigner.
| He (ShurZ) remembered the time when he
helped 10 promote the political interests of
| the Senator from Indiana with some others,
| and then the Senator agreed with him, and
| thought he understood the country very
well. 1t would be well forthe fOreign-bOrn
constituents OF the Senator from Indiana to
| un4erstand that they were all right and
understood the country so long as they
agreed with him, but if they differed from
him. they did IOs understand the country
and must keep quiet. 1t was little 1iiitttEi
cult for him (ShurZ) to keep up with the
Senator from Indiana in his opinions, for
no public man was found on both sides of
question So often as that Senator.
| Mr.. Allison said he wouldn't give his
vote for any measure which he believed
would depreciate the values or cause dis
| treSs. He did not have any idea that ain
increase of 81, ,OO0,0e would have such an
effect but the contrary,
MOrtOn's RejoInder.
Mr.. Morton said for some time he had
been tired of this discussion and would not
| have taken such part in it had it not been
for the effort on the part Of some Senators
| to draw him into il. The Senator from
Missouri (Mr. Schurz) yesterday made his
| speech about az personal toward him Nor
t0n) and about as offensive as he could,
parliamentarily. He (Mortom had not
changed his views as to greehbachs, but
had changed them somewhat as to the
feasibility of a return to the specie pay
ment and the time which it should be az
tempted. Further, he believed no more
commerce was requisite to meet the busi-
ness interests Of the country, but he did
| think that it was consistent with his past re-
cord. He had changed bis views
on several important questions dur
| ing his life, but had always
tried to do right His friend from Ohio,
| (Sherman) it seemed, had changed his
views on several questions. He (MouOn)
in 1868, being then young and ineXperi-
| enced SENATOR introduced plan in the
| Senate for return to specie payment, by
| which he proposed TO fix the time when
such resumption should be commenced.
| The Senator from Ohio {Sherman) opposed
it and said such means would lead 10 dis
| aSter and destruction. Now the gentleman
came forward with a similar plan himself.
| His friend from Missouri (SchuTZ) directed
a considerable part of his argument to him
| (MOrtOn). Yesterday wheh he (MOrtOn)
said the Senator did not understand the
| country in which he lived. he did not mean
| to say that all our foreign-bon citizens did
not understand Our country, and the SEN
ator (Schurz) should not array himself
at the head of such citizens. He (MOrtOn)
remembered one time when his friend
(SchurZ) tried to put himself at the head Of
our foreign born citizens and endeavOTed to
lead them out Of the party to reform anOth-
er. His experience in that matter was not
very satisfactory, ard the Senator shouldn't
place himself at their head again. He
| (Morton) started with the Republican par
| ty in 1854, and had never changed his
mind to that extent as TO get out of the
party, and had never betrayed his princi-
pies, his friends or those who hOnOred him.
Mr.. Schurz said he expected just such an
extraordinary reply as the Senator had just
made. He (SchuTZ) wanted the Senator to
point out single principle or friend hehad
BETRAYED. One of the first things the Sen
ator alluded to yesterday was that l did
not understand this country, and spoke of
the country as his country, referring TO its
not being my place of birth. He (Schurz)
thought he had just as much right to differ
from the Senator from Indiana as that
Senator had to differ with him, and he
would always claim that privilege. If he
made his remarks offensive to the gentle
man from Indiana he would say he did not
intend them to be so; but when the gen
tleman in reply made statements so wilful,
SO atrociOus-
The Chair (Carpenter) called the gentle
man to order and said such language was
not parliamentary.
Mr.. Schurz said he would withdraw it.
/. Mr.. Morton said his speech was in the
hands of the public printer to appear just
after that of the Senator from Missouri. If
nisstatements were in it, the Senator could
point them out and he (MOrton) would
have the magnanimity to withdraw them,
but if the disingenuOus aims of the Sena-
tor.
The Chair rapping on the table, said such
language was out of order, one Senator
should not charge another with being dis
ingenious.
Mr.. SchurZ said he did not entertain any
personal unkindneSs towards the Senator
from Indiana, but that gentleman was a
strong deba.or and it was against his argu-
ment he spoke, not against that gentleman.
The reference of the gentleman (NortOn)
to his (SchurZ) foreign birth yesterday, was
little offensive and the gentleman should
not be surprised at it; not that he
was ashamed of his birthplace
but being an American citizen,
representing one of the States of this re-
public, sent here by the people, he had a
full right to express his views and thought