The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-07-14

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most startling one, aud one OF revolu,
lonary character. Certainly Congress
aud the country should wait before the
standard value OF silver is fixed hy law
Perhaps It could be determed at the
next session, but it could not he now
The conference committee, therefore
could not agree In recommending any
pollcy IN reference to the silver dol
lar
: Lawrence inquired whether the gov
eminent bonds might properly be
paid in silver dollars.
Payne replied that In his opinion
they could legally be paid In silver
dollars.
I.anders, one of the House conierees
opposed that part OF the report
which omitted all reference TO the sill.
yer dollar, and urged in favor OF resto
ration of the double standard which
had been the standard OF the country
from the foundation of the govern.
ment up TO 1869.
Fout regarded the pending question
AS one Of decentralization asserted the
public debt aud almoot all private
debts of the country has been contract
ed when the standard dollar was le.
gal tender. The bondholder
should be held up to his
contract and should be paid in com
modify which he had agreed to accept
But It was said that silver had depre-
ciated, II however, gold should depre-
eiate through the discovery Of some
great bonanza, what would the gentle
man from Ohio Payne do? Would
he, In the interest Of the bondholders,
Say gold had deprecated aud was u
dishonest money, and thereof the
bondholders should not be compelled
to take their pay In gold, but should
be paid in diamonds. or some other
more valuable commodity?
Bright opposed the adoption OF the
report and argued that by implied re-
cognition gold and silver were lawful
money OF the United States, and that,
Therefore, the decentralization of silver
was unconstitutional.
Cox, chairman of the committee on
banking and currency, argued In favor
Of the adoption OF tile report. He sub.
mitted that the bill introduced 10y
Welles, Of Michigan, to allow all own.
ers Of silver bullion to deposit In the
mint ant receive subsidiary silver coin
In payment, was better bill than
any Of those presented by the House,
but that bill was not before the House.
The conference committee report
was not amendable II II was
adopted. The issue of silver
coinl would be facilitated II not
adopted, There was no hope of relief
this sersion.
Mr.. kasson said those who sustained
the report demanded that the wages
OF labor be not paid in depr eoiated
money. No man dealt honestly with
the country who did not propose to
pay for II in good money, On that
platform he had stood for years against
all clamors OF imitation and all at.
tempts to reduce tho money of the
United States to the value OF that of
San Domingo, where 1t takes IA market
basket full to buy dozen eggs for
breakfast. A vote for this
bill was not vote to
demonetize silver, Dut to remonetize II
aud satisfy the demands OF the com
munity for silver change,
Various amendments, some increas-
ing, Others decreasing, the amounts OF
the appropriation were adopted, when
Mr.. Window called up the House bill
toprovde for the construction of mill
tary posts on the Yellowstone and
Mussel rivers. Passed.
Messrs. Ingalls,, Paddock and Ran.
som Were appointed members OF the
Conference Committee on the part OF
the Senate on the bill to provide for
the sale OF the reservation Of the con-
federate Atoe aud Missa bands OF In.
dams In Kansas and Nebraska.
Garfield said there was I'm the hui
man mind y sort OF longing to get
chance to cheat somebody. A great per
son once said there are just two things
which human nature wants, the ten
dency and the opportunity TO do
wrong, and 1t has happened in the
OF these medals that there
is "A grand opportunity now to jump
on base metal and save by clear, sheer
swindling, one-fifth OF the entire
amount which every public or private
debtor owes to his creditors. ~
have never, since / have
been In public life, seen any
proposition which had In 1t
so many essential elements OF rascal.
ty and absolute swlndling. / do not
say that that Is It's purpose, but Its Of.
feet. Put this law into operation, as
suggested, and every particle of gold
coin will leave the country just as fast
as 1t can be transported abroad do
that and revolution In financial and
monetary affairs, utterly unparalleled
in the history of the nation, will follow
the act.
The conference committee on the In.
dian appropriation bill, reported that
the committee had been unable to
agree. Adjourned.
The attention OF the proper au-
thorities IL directed TO the offensive
smell u the tannery near the Texas