The Leavenworth weekly times., 1876-03-09

Mr.. Bruce, who spoke in favor of seating
PiBchback.
At the conclusion of Mr. Bruce's remarks.
Mr. EinnuGs submitted The foiiowsng:
OrCe.ed, That the message oil the House |
| of Representatives, slaiing 10 Ire impeach- I
inent If ". W. Belknap, be referred 10
select COMMITTEES, to consist c. i've Sen |
ators.
N.. Edmunds said he Submitted this Or
! der in accordance with the usual custom, |
| though he did not see why the matter |
should not 20 to one OF the regular COM
mittees of the Senate, but as it was the |
custom to have select committees, he asked !
| that the order be adopted.
The order was adopted, and the Chair |
authorised to appoint.
Messra Edmunds COnkling, Freiinghuy-
sen, Thurman and Stevenson were an
nounced as the committee.
| After an executive session, the Sen ate
adjourned until Monday.
| WASHINGTON, March 6.-Mr. Edmunds
from the select committee to which was re-
| ferred the resolution and message from the
House of Representatives, in regard to I'M
peachment of W. w. Beiknap, late Secre-
Iary of War, reported preamble ard Ieso-
luton declaring that the Senate will take
AN order in the premises, according TO Its
standing rule and directing that the Sec
reta-y notify the House ef Representatives.
Agreed 10.
| After the expiration OF the morning hour,
Mr.. Sherman called up the resolutions OF
the New York chamber Of Commerce, pre-
sented last week, and spoke in regard there
| to.
Mr. Sherman, in his speech, which was
long and comprehensive, took strong
grounds against any repeal OF the resump-
ton act OF April, 1875. lie said, passing
from the consideration OF public honor
'.Ihere are many reasons. OF public policy,
which forbid a repeal OF The act ; that II
wss generally regarded as a settlement OF
the financial policy, and by which, at least
the party in power, is bound, and upon the
faith OF which, business men have
conducted their affairs, and made their
contracts. Debts have been contracted and
paid, with the expectation that at the time
fixed the gold standard would measure all
obligations, and repeal of the act would
now reopen to all the world the dangerous
speculative schemes that feed and fat
ten upon deprecated paper money.
The influence that secures this repeal will
not stop here. If We can recall our prom
ise TO pay our notes outstanding, why
should We not issue more. II We can dis
regard our promise to pay them, why shall
we regard our promise not TO issue more
than $500, 100000 as stipulated for by the
act of 1864? If we can reopen the ques-
tion of the payment OF our notes, why may
We not re-open the question as 10 the pay
ment OF orr bonds? Is the act OF 1869
any more sacred than the act Of 1879 and
ii We can reopen these questions, why not
reopen the laws requiring the payment OF
either interest or principal of the public
debt? They rest upon the acts OF Congress,
which We have the Power to repeal. II
public honor cannot protect our promise
TO the note holder, how shall it protect our
promise to bondholders? Already do We
see advocated in high places, by numerous
and formidable organizations, all forms OF
rypudiation, which, if adopted would re-
duce our national credit to that of a rob
Der chief-worse than that of an Algerine
private, who at least, would not piunder
his own countrymen, and If the pub
lie creditor had no safety, what
chance would national banks, creations OF
our own and subject to our will, have in
Congress? 1t has already been proposed TO
contiscate their bonds, premium and all, as
mode OF paying their notes with green
backs. What expedient SO easy, if We
4
would make money cheap and abundant?
or, If SO extreme a measure could be ar
rested, what is to prevent the perm anent
dethronement OF gold as a measure Of value
and the substitution of an inconveTtibe
,, currency bond, bearing 3.G5 per cent. inter-
est, as standard OF value, and when il be-
comes too exl ensive to print the notes then
print three cents, and when the process OF
Reputation goes SO far that your notes will
: not buy bread, why declare against all in
tert ST, and then, after passing through the
valley of humiliation, return again to bar
ter and honor gold.
At the conclusion Of Mr.. Shermanis
speech, Mr.. Bogy called up the bill intro
duced BY him early in the session, author
izing the payment of duties on imports in
legal tenders and national bank notes.
Mr.. B,sy addressed the Senate at length
in favor OF the bill, and on concluding, Mr..
Eaton said that unless some Senator more
entitled to attention should soar into
, dull bill for the resumption of specie pay
ment, he would take the liberty upon him
self. He referred to the act Of last year,
and said that the great laws Of nature were
outraged by it. 1t was easy enough 10
talk about specie resumption, but Congress
should legislate wisely, taking into consid
era aGn ,no, ~. th., ,ha T-n;,sJ S,,,aa w,s ,hs
'"e = - -
gfeat uup'oI nH'ion I :. ine
Mr. nar:ey p'.se I.,:s -. H. " .e
Nansa. 20 Ice -.
the United States and the Cherokee In |
dians, and in favor OF the appointment oil
new oo : ~ "ieJ ,,L
praiSe eer'.,n ia"I, .n ese . 'ns, t,
10 enAoie st''es 'neiu " Pu.' ne
same a' 'he'r aPPfAiseu '"iues Ne'e
req. IL
| ai'er ihe executive SeS''oh 'he SENATE
adjourned.
| WASHINGTON, ID. T., March Mr.. Ere
linghuysen called up the Senate bill for the
protection of agriculture against injurious
insects, which authorizes the Secretary oil
the Interior, the Secretary OF the Smithso.
nian Institute and the Commissioner OF
Agriculture to appoint commissioner
having the requisite scientific and practical
| knowledge to investigate and gather lnfor-
nation relative to the Rocky Mountain To-
Gust, chinch bug, army worm, Hessian Fly,
potato bug, and other insects injurious TO
| agriculture, in order TO devise a successful
method for their destruction, DC, said COM
missioner to be appointed Tor one year, and 4
TO receive salary OF S4,OoO
Mr.. Logan opposed the Dill.
Mr.. Edmunds moved TO amend ov
striking OUT the clause au'horizing the
Secretary OF the Interior, Secretary oil the
smithsonian Institute and Commissioner OF
Agriculture to appoint committee,