New-York tribune., 1876-08-05
WASHINGTON.
lruy SURRENDER TO INITIATION.
A RESOLUTION TO REPEAL THE RESUMPTION CLAUSE
AGREED oH IN CUMMITTEE-THE VOTE.

20 four against IT, as follows In the Affirmative,
6 :. Cox. II. b. Payne. John Goode, j., VIM. S.
Uaymond, samuel D. Burchard Wis.,, and Scott
Wike in the negative, Randall l.. Gibson, Wash
;nOton Townsend, John A. Kasson, and Benjamin
~ Eames. Jay A. Hubboll of Michigan, Republi-
can. refused 90 vote. The committee also Unanim-
o,slv agreed TO report favorably Mr. Gbsnl's joint
rssolution for the appointment of joint commits
sion te consider tho monetary system which, after
hcing amended Is in the following words
p.soyre5 6c That commission is hereby authorized
aud constituted To consist OF three Senators 10 DO a
~ PeDrescnatiyrs he oined by the Speaker ana
eyrcrts not exceeding three IN number TO De Seced Dy
a ossocatci with them, with authority to de elmihe
The time and place Of meeting and to take evidence ana
whose duty Il shall be to inquire trSt INTO the g,ange
bcb has taken place in the relative luc OF gold ana
silver ae caco y thee eof uuon the productive inter
VIZ of the county trade commerce, ahd iinance;
ana U0n nrrics second into the policy of TIE restcra
~ III tbe Gouh!c standard an this country, aHd II re-
siored what the legal relation between he Two COZ 49,
yeF and ruid sboGid be; third into the policy OF c2n
sinv,g leSal-cadrr notes, cOncurrcnty with metallic
tnndsrs and effects thereof upon the labor indus
sans of providing and facilitating the resumption OF
sTeee payments; and nd commission is santaolzld TO
employ scnographer ana shall report On on DeS 'hS
i5h day of January. 1871 VIII thr SSlGtnce l"hea ny
them aud sIcn Recommendations 'oi '0- 80 ''
may deem proper
Ar Uavmopd made the adoption Of this resolu-
,o the condition of his vote for the Repeal bill,
,yhcb covers olly the date of resumption and docs
no, to,cb those parts Of the act of 1879 wbica au-
tlr;7a the Secretary of The Treasury to sell bonds
60 nonare for the redemption Of cgai-t2nder notes.
The words which the committee propose to strike
ont of the present law are as follows:
And ON and after the day Of January, Ammo Domni
tbn limited states Cgendcr notes then outstanding on
their presentation fO rodcmnuon at the ohco Of te A.
Nev-York in sums OF not less than 500.
When Speaker Kerr appointed the com
,o;ttees of the House he made many
strange selections, but ho supposed and every
one else believed that he had so constructed the
two committees before which the currency question
was likely to come, that the bard-money men OF the
countrv would have no cause for s0licituGc The
Committee on Ways and Means has proved sound
lis chairman. Mr. Morrison and a strong majo;ityof
IFS members, are not only favorable to honest cur
rency. but they will assent TO legislation which
locks in any way like a step backward. The Com
mittee on Banking and Currency was supposed to
Ia eoually sound. At its head was placed >. >.
Cox, who. though ho had never shown marEed aptl-
tUde for financial subjects, was known to De
a hard-monoy man, and it was fair to presume
that the influence of his New-lork constituency
vond be sufficient to strengthen him should he ever
begin to waver. Second on the committee Speaker
Kerr placed Henry +. Payne, man who had won
national reputation, and Democrat who had gained
q
ton to honest currency If bc could not be trusted,
it seemed as though man could be. Another of
the Democrats on the committee was VIM. 5. Hay
mond of Indiana one of the few from that
State who then had not been tainted with the nfia-
tion heresy Scott Wike and Randall l.. Gibson
were also counted upon TO put their veto upon any
unwise action the currency question; and three
of the four Republicans on the committee
known to be unconpromisng on the subject.
But the poison of Initiation has been gradually
infnsnr itself into the blood of the very best Demo
Gratis III the Hoase. A few men like Mr. Hewitt oi
New-York. Mr. Morrison, Mr.. Gibson, Mr. Schleichcr,
Mr.. Willis and'pcrhlps many more as might be
counted on a mans fingers. have had the courage to
stand up against the tide that has been setting
stronger and stronger IN favor of virtual rcRldia-
ton OF the most solemn pledge of the Government
But these are all Mr.. Cox and Mr.. Payne stood Tor
some months though the latter in bill which he
introduced early in the session offered compromise
with the iniatonists, which was at least q
partial surrender. Finally the pressure became
little stronger than it had been before,
and both yielded, and their names have several
times been recorded in favor Of repeal of the Re
sumption act. After this. ut time when it was
hardly noticed, resolution passed authorizing
the Banking and Currency Committee TO report on
this subject at any time and from that day Mr.
Payne and Mr. Cox have been among the most
strenuous for the repeal of the Resumption act.
Mossrs. Gibson, Raymond and Wike stood ont. AT
meeting of the committee several weeks ago vote
was taken and the infationsts we're beaten by tic.
Since that time several sessions have been held
every week, but no new vote was taken, rs for
time it was known that three of the Democrats
would vote with majority of the Republicans and
defeat Che bill. AT last Mr. Raymond aud Dir. Wike
surrendered At several of the subsequent meetings
tbo oh nf m i,F
vented a vote, while at others Mr. Gibson, who was
the only Democrat who remained true, threw
such obstructions in the path of the
bill that 10 progress could be made. Meanwhile
Gov. Hendricks's friends and messengers came here
urging the passage Of 4 repeal act by every arsu-
ment and consideration which could be advanced.
The St. Louis platform was quoted The State Of pop
ular sentiment in Indiana aud other Western States
was pointed out and il was asserted that the
of the Democratic party IN November dependednpon
it. still some men hesiaed and waited They desired
to place themselves in full accord with their party.
according TO the doctrines set forth at 81. LOUIS
while they did not wish to commit themselves to
repudation of the promise of the Government III
regard to resumption in 1870. Should Gov. lildeno
letter of acceptance be OutspOkea on the currency
question aud opposed TO the repeal of The kesnmp-
ton act they would, they reasoned, have sufficient
excuse TO maintain the position they had held
against the majority of their party during this long
session Of Congress. But the letter did not
appear then. Some Democrats still wishing for an
excuse to stand by their honest convictions IN regard
10 tins important question, wrote to Gov llideh ioi
his advice, assuring him that they would faithfully
follow it, But no reply to their letters was ever
received. single word from the Democratic can
didate for the Presidency wouid have been sufficient
f.n .I t.ok MIA