New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-03-17

ont deprecaton OF currency below gold precudes tne
probability OF silver coin remaining In Circulation
sued The feasibility OF keeping 1t In eircula,lQh
depends upon the premium on 6ou', WdiT no
man 1s warranted in asserting that that range ot
huctuatou viii not be maintained and may 10y o
greatly exceeded To lcgislate silver into clrgHIOn
under sucn crc unstances pure guess work, without
the first element OF statesmanshp or any proper snV
for the laws OF fnauce The attempt 10 40 so h' OILY
made the financial rnagnates OF the ReNnbnoah pity
throughout the country laughing STOCK 10 l'e hp"n'
Mr. Hewitt intimated that the passage OF inc ne R
sumption act has some connection wltn l,'' ,o,'>>
Bonanza and that the very best thlng nat oi LHti
the Bonanza party is to have 10 bullion tIinAl.atYd
from The mines 10 the United States minis. IIis Wo u
Ia sale of the mno DeJ'tr t.1h III. Il, ' TI,nsa
without any "curses coming homo 70 rJo1i, inysc
Big Bonanza gentlemen were pretty ~ - ~ h
rid OF tncT silver before 1t iel IN N''uss' ~ Mini
LIST of October last the Dhtc.oV H. Ha u" an
purchased over Sl2'oooooO OF s sly ese nice ~
average price OF 169 pence per ounce WHO ,ue C
silver last week in London was 52.s pence yer ou,t
fall OF nearly pence per ounce WhSn; ou oo "eary
purchased tor the mint makes ut on, ,S Sepetry
81 100000. He thought II no wonder tlat we
is directed to hurry ny T I the fpags s, o. Of tSe
coins. The fall NJ the price OF s ny, VIM mut
subsidiary silver coins INTO circulation without us Iov,
ing the country going into the mcithS po, u,fS 49,
should advance to 100, unless tue price oi t'rtt
should again advance in the London market rms ls III
the price OF silver is piece OF nne Soou
ana sees his way putting ont the SILVER p!1Nuol
he can get the approval OF a pemorttue t'" IL
has power without it, but gold may 90 TO- 20 Que o '
fine days and then where will go Ibs SILVER c'dsti ~
will lind themselves without smal change To DO business
Whose fat will tnat be AZ tho iow no" stS.lds tne
Of silver so may ny up to % or y pence per
ounce Gs il would do II the Rig b0uanfa were % peer
twincth." Then, oi course, II VAL DC very con
veuient 10. the Secretary to nave II 10 say,
substitute silver for currency and that tue ,"n"'a's
ana not the Republicans are responsible Tor tho t"noe
uenccs IT, however. gold silver does not advance
and IL the silver coinage should stay out II VIII De II
publican measure, the sueos OF MAth VIII chhie 90 @
- tlls gTIttl ID.
every time. on! most iuGcCus Sectt tary 10 come nus
tn Tonse new 10 huSine. and per-uale Il - tho
responsibility OF a measure which tlus lar mas "tt ~
suited in the loss OF million OF dollars III tine purchase
of silver and ia the coinaS nee gras l"f i"l,lSS, ~
the spider To the ny" lLauShterl ,
srst step in the resumption Of specie payments II
were in reality he would support il with all s ttirt ne
cause lac is hard-moacy ran. But hc deIicd that The
substitution of subsidiary for fractional currency
has nythiu, to do with the RESUMPTION of specie W.!
mems IL is only tho substitution q. metallic
tokens for paper oues. lie reehGed tue u,-
yostuent OF $3N,0O0Ob0 in silver iuol avail
able FOR spcc'o paymcutsl enormous step backward
The fractional currency is essentially the poor mans
money. II what IL worth s7i2 cen'o IN gold IS ttS u
from the poor and replaced with what !, worth onS -
per cent and silver n liable suddenly 70 "l-i !p IT
from public and cause the ns OF the en,," c,' %
meals conscatop. Il i unjust and uny'N'. ana 'h,Dh
resumption law So far It relates To- DE-, sonasc oi
silver is bunder The purchase Of Oh" SILVER button ia
best remedy for it is 20 sen the silver for what II VIII
bring and to tho further loss when ~ result from
the almost certain connu2 ,aii III price iie h f
has already yielded S2730Qh0Ou winch tS caused id
of four pence per ounce In fonr months me veg o.
silver Increasing daily IL j. eStna'eu that TO ~,
foruia company alone mas S3to,uoooOo III eIE' ~"
syerclaG Senators have already taken tIelt tta' me
adjoining Chamber, and there are Tour NOR r,", LOT
the same high dignity ali OF one Pthh! 'l oS e
0o .oo iS;s for S lo S'G STeT cG 5 TSs
nation should do what every sensible 9nslh'is
would DO get rid OF a eoIGn""'ly Will H. ~
should reject the white elephant "I IEef "iJn que ~
publicans their acceptance lie feared t' GREEKS
III; The DEBATE was continued by Mr. KELLEY. Ecp.
PENN against the issue OF silver CON- ana ~ ''
Amcndmcnts we're proposed 10y MI REAGtN, Mr.
EoLMAE Dem Indl, AND ,, M IAGi. i,r 49,
THE DREADFUL yEHrILaTio&.
Mr.. YOUNG Dem, Tenn. from subCommtee on
the Ventilation Of the House made report 20 the erect
that il is impossible 10 force into the House sufficient
supply OF fresh air for the supply Of COO persons ana
with II resolution exclude from the cdeFie an per
sons cxrept those who have privilege o. the REPORTERS
and dip.uac galleries and such may be admitted OR
4 debate sprung up on the report, Mr.. HARRISON
nu ill adygcating il on the ground that 'hc gute-
mems gallery j. daily crowded With lii'I-' anu nav 'ho
t.roCrs ~ ,he ,lse are BCug poisoned by foul ar
draw line between the classes OF the american ie"l'''
iS s1c,gstcd sarcastieaIlY, that tue Democratic mn
iority In the House should be able to force IN supply OF
}S air. and m the previous question, o. 10y suspension
of The rules or by some otnef means.
In The coTrse of The discussion MI BLAINE rep Me-
remarked that source or other the air OF the
Mr. WILSON Nep Iowa. asserted lha' II Is worse thah
Mr. no AR lKrp Mlss) remarked that he had come
here eght wears ago. the youngest member of his dc te
ton, ANA hc me senior uiohD y Oh IA" a. -
tion, aud in that Jriel period seven memDei' 81 Una.
M Sir. iLbNpfRs (Den, ind.) Offered resolution TO
restore elective eONclumen. III the DstfGt OI 'oiu
lie House then. at $40 2. No. adjourned.