Wilmington journal., 1876-08-11
WASHINGTON.

must be reformed. Gold and silye
are the real Standard of values an(
our national currency will not be
perfect medium of exchange until i
shall be convertible at the pleasure o
the holders. [ have heretOfore SAID
no one deslres a return to specie pay.
ments more earnestly than do, but
do not believe that it II or can bt
reached lii harmony with the Interests
OF the people by artificial measures fol
the contraction of the currency, any
more than l believe that wealth on
permanent prosperity can be created
by an Imitation OF the currency. The
laws of finance cannot be disregarded
with impunity. The financial policy
of the government, if indeed it de
! serves the name of policy at all,
has been in disregard of these
lHws and therefore has disturbed COM
merciaI and business confidence as
we'll "a hindered return to specie
payments. One feature of the policy
was the resumption clause of the act
OF 1875, which has embarrassed the
country by the fluctuation of a COM
pnlsory resumption for which no
preparation has been made and with
out any assurance that it would be
is necessary that the natural operation
OF the financial laws may be restored :;
that the business of the country may
be relieved from it's disturbing and de
pressing influence, and that a return to
specie payments may be facilitated by
the substitution of wise and more pru-
dent legislation which shall mainly re-.
ly on a judicious system of public
economies and official retrenchment,
and above all on the promo
tion of prosperity in all the
Industries of the people. [
do not understand the repeal of the
resumption clause of the act of 1875
to be a backward step in our return to
specie payments bnt the recovery of
false step, and although the repeal
may for time be prevented yet the
determination of the democratic party
on this subject has been distinctly de.
clared. There should be no hind
RANGES put in the way of return to spe-
ciepayments. 'As such hindrance.'
says the platform of the st. Louis con-
vention, we denounce the resumption
clause of the act of 1876 and demand
it's repeal"
The Senate has up the resolution to
print 0,O00 extra copies of the mes
sage of the President and accompany
ing documents on the recent terrible
riot at Hamburg. 8. @.
ThepositiOn of Gibson and Wike was
wrongly stated in the proceedings of
the banking and currency committee
yesterday. On the motion i'll commit
tee directing the chairman to report
any bill repeating the time fixed for
the resumption of specie payment Mr..
Gibson voted no and Wike voted aye.
The amendment proposed by the
Senate military committee to the House
bill for the protection of the Rio
Grande border is verbal, making its
provisions mandatory.
Iu the House Bland's silver bill came
up in order. He was remOnstl ated
with as Il vote could not possibly be
reached. Bland replied tina, the mi
nOrity might fillibuster. He was de- |
to call it mp every morning
during the session. This course will |
defeat continually an important hour
every day. The House is now fill
WASHINGTON, August 5-Night-
SENATE The bill for counting the
Presidential vote was called up but !
laid over informally.
Morton moved to take up the ,eso-
lutlon to print 10000 copies OF the
Presidents Hamburg message and
Documents.
Mr.. Thurman hoped it would not be
taken up because it would give rise to
a very useless debate. There was
more important business before the
Senate than printing papers as mere
documents The usnal
already been printed for the use of
the Senate and SD far as the infOrma~
lion was needed for the purposes of
were before the body. The only OBJ
ect in printing this 10, 900 copies was
TO circulate them as electioneering
documents.
The motion to take up the resolution
was agreed to-yeas 30, nays 10,
strict party vote.
Morton said he agreed with his
friend from Ohio that there wns but
printed and that was to circulate them
among the people and convey to them
on the subject. During
the debate, which lasted all day, Thur
man said ali the officers of South Car
olina were republicans.
Patterson said he wished the Sena-
tor could go little further in his
statement and say the jurors of the
State were also republicans.
Thurman said when any man said
that because Juror was not repnb-
lican he could not render An honest
Judgment he libelIed his State.
Patterson denied that any person
had ever been punished in South Car
Dllna for a political murder.
Thurman said probably the case had
never been made out to warrant jndg-
ment OF guilty.
Patterson replied that they had
been so made ont frequently.
Thurman-Thqt is the Senator's as
sertion against the.jurors' oath pre-
fer to take the jurors oath.
The iebate lasted all day and after
q short executive session the Senate
adjourned.
HoUsE-The silver bill went over
with the expiration of the morning
hour.
Reports of the committees on tx
penditures in the War Department and
the Department of Justice were order
ed to be printed.
Cox, chairman of the committee on
banking and currency. reported thebill
the resumption act. He
would allow an hour and half for de-
bate but decline to allow amendments.
He opened by saying thai fixing day
for resumption was a hopeless menace
to prosperity. 1t did no good and
was utterly useless for all practical
purposes.
In the vote on seconding the previ-
GUS question most of the republicans
abstained from voting, thus leaving the
House apparently without a quorum
and preventing action on the bill:
After some time wasted in the call of
the House, Cox allowed Hewitt's propo-