The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-12-14


jOurOod.
House Of Representatives.
The House proceeded, rs the business OF
the morning hour, to the consideration Of the
bill to utilize the products OF gold and silver
Mines
sir. Durham Dem, XVI made an argument In
favor Of the double standard OF value. lie did
not believe that the double standard ever
operated to the prejudice Of any commercial
community. Large transactions might still lie
dis hirrcd in gold. but he would have the old
law Of 1,ge restored. He would have the legal
tender qualify OF silver restored, except as
limited by the act Of 1858, to Wit: "rhat where
the small silver coin was detoriorated ia value.
1t should not be a legal tender beyond tho
amount Of nve dollars" SO far as the silver dol
r was concerned, he would have 1t restored to
Its original value AS established by the act of
ISL aud would MAKE II legal tender for all
debts dues and demands OF every kind. except
whore the contract provided otherwise. la surh
cNsc he would not have tue contract disturbed.
tie conteuded, however that II the public dobt
which cxistad on Feb -, 1873. when the last
coinage act WIS passed, was PAYABLE and should
hc paid 10 the silver dollar as II then existed.
Nr. VIII RI (Rep.. NchD, a mUmbcr OF the
silver Commission, fay pred uo-tponcment o.
action Ou tue nil until af,er tho report OF mat
Commission shall be submitted. lie believed
the testimony taken by the Cominisrion would
fully warrant the restoration OF the Old stand.
ard. the American silver dollar, ns established
by the report OF Alexander Hamilton IN NV.
con,,'on scns, anN so, sr,encc ~ Inc Uouse 10
r. inrt n bil 80 ftn,iyht WIN iniirious and mon.
stsnu, rrn1ns itinrs II annengrd Ia him indie
cent TO take the question out OF the hands Of
The commission sIpotnten under tile law of the
last session Inc fnct TINT In. saVfuss hanks uf
In. couuttv which held thou. ands of mill lns
OF savings Of the people, viewed this IN with
alarm us A sNrr ling measure OF confusion and
iii snstsr ought 10 make me House hesitate lie
reminded the House th.t the value Of silver
cuanc,u from lnX t. day Is tne vain, Of wheat
and ,'',tInn cbanre1. il WAS 1ioted AZ Il pence
sterling i've months MO. auu was now quoted
AT N,
Nr Hewitt DEM ~ W pleaded for del4v. at
least until the report OF the silver Commissiun
had been received, which would be by the mid-
die of next month. All the questions relating
IN etlV.r wound then he night before TAG
lT,u.. lv IA .,,n,t,at nj ION ns.isfad nv
x,r,. 70 ,bi it,,i,,t char, er s,,i vet mis-
Ntcrts OF w" hlENe-. chaIt. or. AHu ". .uas
nil was pressed upOh Tue mouse hs II -oihc S'tlt
interest needed us passage tnls very DAY. ne
knew OF no Interest hat was suffering unless 10
we're That SILVER stoeN was hot selling az as ntn
pro. NV - II WIS IA n'uil.n- 49, iiv H',VM
90 nv 'i'elVst w. VIZ 'i' t Vu, ,r,,
WW9 iohg cu9ukh 90 tc' ."e l"V'T .iu Wv '"'. :
ou 80 800 ~, 80 a. Ia ~. ~ r,,,
w nv, ~ Nv mere W"u, , sun ~
man NNulu Hnu ul' 5r"VVI'I Vo4.ssN d w. "'
we "ot man Nu"lu NC ~ "''.t. "a t. ~ N ,
u-'hton, me ltu-oh lot t"iH Mas lhtt Ml' Il
the standard 81 cohtiacis was ihltilcrcu win "t
N'lhteu. tabth lrHNes the country ai,a
values iall auu me ueo'or VINO il'sns
9a,e pMd NJ uepl WIN tue ri"'-in p,'" &C." we