The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-12-03
vERMoNrs RECORD ON INFLAr1oN

One of the first questions to occupy the
attention of congress will be the financial
one. This will be brought to their atten-
ton by the secretary of the treasury who,
it is understood, will recommend such
amendments to the resumption act as may
be necessary to its practical working
among other things, the issue of gold bonds
bearing four and four and half per cent.
interest, and, probably, providing for the
funding of greenbacks. 1t is understood,
also, that bills are already prepared pro-
viding for these necessary notifications !;
and, further, that the democrats and infla-
tionists will be ready to propose and advo-
cate its repeal, the former claiming that it
will not tend to the resumption of specie
payments at the time named-January /,
1879-and the latter that it will produce
such result and prevent further issue Of
greenbacks. Of the two, the inflationists
are probably the more honest and they,
like those who will labor to so modify the
resumption act as to make return to
specie payments, January /, 1879, fixed
fact, are entitled to the credit of daring to
stand up for their principles.
AS this financial question is so soon to
occupy the public attention, 1t may be of
interest to our readers to know just where
the Vermont delegation in congress stand,
and this, by the aid of the New York
World, we are enabled to do 90 far as
our two senators and one member of the
house are concerned-Messrs. Joyce and
Dennison having, as yet, their record to
make. The World gives a list of the six
financial questions, involving the question
of initiation, which we're presented in the
senate during the last session, as follows
First-The motion Of Carl Schurz, March
20, to make three hundred and fifty-six
millions of dollars the maximum limit of
greenbacks. Second-The proposition OF
Senator Wright, of Iowa, to make that
limit four hundred millions of dollars.
Third-The bill, passed April 2, fixing the
maximum at that amount, and providing
for the issue to national banks of forty six
as the ''senate imitation bill" Fourth
The question of the passage of this bill
April 81, over the presidents veto. Fifth
The Maynard Morton compromise bill,
fixing the maximum of greenbacks at three
hundred and eighty-two millions of dollars
releasing bank reserves, giving an unlimlt
ed bank circulation, and providing for the
redemption of national bank notes witt
greenbacks. Sixth-The Dawes compro
mise bill. which became law, by approva
of the president, June %, 1876. M
Upon each and every of these measures
Justin S. Morrill, was found steadily voting
against initiation and in favor of homes
money, as was, also, Senator Edmund
after his return from Europe. With them
was Henry b. Anthony, of Rhode Island
while, in every instance, Thomas w. Ferry
now acting vice president of the United
States, was steadily advocating and voting
for Imitation, and, yet, he says he is moi
an inflationist. III
In the house, there were, also, six fnan
cial propositions, substantially the same as
those which were before the senate. The
only reelected member of the house from
Vermont is George W. Hendee-and VIZ
generally know not where to find him, but
on these questions, he went back on his
record four times, and was "absent or no,
voting" only twice, voting against imitation
at the other times. The new member,