The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-08-06


Journed.
House Mr.. BANDS silver bill WAS
taken up as the regular order, but
dilatory motions were made, and the
morning hour expiring, the bill went
over.
Majority and minority reports OF the
committee on expenditures In the war
department and In the department Of
justice We're made by Messrs. ely
mer and Garfield, and ordered
printed.
Mr.. Cox, chairman Of the committee
on banking and currency, reported u
bill to repeal section three Of the re-
sumption act OF January IA, 1875,
which directs the Secretary OF the
Treasury to redeem In coin all legal
tender notes then outstanding, aud
proposed to allow an lhour and half
for its discussion, and like time for
the discussion OF further bill, which
he was directed to report, providing
for u commission on the subject. He
would decline, however, to allow
amendments to DO offered. He OPEN
ed the argument by giving his belief
that the liking Of u day for resumption
vas Il hopeless menace to. the prosperi-
ty of the country, and that II effected
no good, and that II was utterly use
less for oil practical purposes. The
best business men OF the country had
said 80. The bill which It was propos-
cd to repeal in part had passed Con-
gress as u party necessity, under tho
whip and spur OF the previous ques-
ton.
Mr.. Goode, OF the Banking Commit
tee, advocated repeal.
Mr., Tow nsend, Of Pennsylvania, u
member OF the Committee, opposed
the bill, declaring that the legislation
submitted by that body came wrong
end foremost. 1t would have been tho
part of wisdom to endeavor to ascer-
tain the cause of the financial difficult
ty, and then to apply the remedy. Mr..
Waymond, another member OF the
Committee, spoke In favor Of repeal,
as something which, If 1t did no other
good, would restore tranquility and In
spire hope and confidence.
Mr.. Hewitt believed the resumption
act was one of the weakest, crudest
and most Insignificant pieces OF legis-
lation intended to influence the hnan-
ces that ever passed Congress; but still
it pledged the national honor, and that
pledge he would try to redeem. He
wanted TO deal with the question with
wisdom and craftsmanship. There
was but one way to deal with 1t, aud
that was to appoint commission to
take the whole subject into copsidera-
| ton.
A long debate ensued, u majority Of
the members on each side OF the
| iiouoo participating
Mr.. Cox closed the argument by
moving the previous question.
Mr.. Hewitt asked Mr.. Cox to let
him offer as substitute bill providing
for commission on the subject.
Mr.. Cox declined, as having no au-
thority from his committee.
On the seconding of the previous
question, most of the Republicans alb
stained from voting, leaving the House
apparently without quorum and pre-
venting action.
After some time spent In call Of
the House, Mr.. Cox allowed Mr.. Hew-
tits proposition to be offered as sub
stitute, and the previous question was
seconded without AFFECTION.
a vote was then taken OH Mr.. Hsw-
tits substitute, which provides for
commission of three Senators, three
members of the House and three OK.
perts, to be selected by and associated
with the Senators and members, 10
consider what measures were necessa-
ry and practicable In order to bring
about resumption of specie payment
at the earliest possible time, consist
ent with due regard to the interests Of
the country, and to report q bill en-
bodying the result OF Its investigation
on or before the 10Th Of December,
1876.
AS the vote progressed, great Inter-
, est was manifested In the result.
Finally the vote was announced ~
yeas 92, nays lO4, 80 the substitute was
: rejected.
A vote was then taken on thu bill
reported by Mr.. Cox, from the Com
mittee on Banking and Currency, and
i. was passed-yeas lO4, nays S3.
Mr.. Cox then reported bill for q
commission of three Senators, three
representatives, and three experts toin-
quire, first, into the change that has
taken place In the relative value Of
gold and silver; the causes thereof.
whether permanent or otherwise ;
the effect thereof on the trade, COM
merce, finances, and productive inter.
ests ofthe country and on the standard
of value in this and fereign countries
second, into the policy OF the restora-
ton ofthe double standard In this coun-
try, and II restored, what the legal
relation between the two coins of silver
and gold shall be; third, 10 investigate
the policy Of continuing the legal ten
der notes concurrently with the metal
lie standard, and the effect thereofon
the labor, industry and wealth OF the
country; fourth, into the best manner