The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1877-11-22
THE NEWS.

The Senate has had dearth of bust
ness for several days. but with the army bill
once before it there is probability that th
| wheels OF law will begin to reyolve tril,
faster' ana the mill turn out somethin,
moro than executive sessions and motions
for adjournment; Mr.. Garland presented
bill to authorize the election OF delegate,
from the Indian Territory. on Tuesday. Mr.
Chatter, on Tuesday made speech OF
Pacific railroads in tho course Of which hi
said the law requires that the main line ant
Its branches should be operated as one con
nectcd continuous line. The intention was
not that the main limo should grow rich nj
the expense Of its branches. Four or ily,
men controlling the four great trunk lines
OF railroad between the Atlantic coast and
the Mississippi river and the Missouri val.
Icy hal the power to mark up or down the
price which millions OF our western farmers
would realize for the products of their land
and this uncertainty depended upon trans
portation, and was one of the causes of the
great depression in the Wes.. The unjust
illegal and discriminating rates were severe
especially upon the people OF Colorado
Kansas, Missouri, and all the States south
of the Ohio river.
The Senate finance committee agreed
to hear delegation of New York bankers
on the subject Of the House bill for the re-
mOnctization of silver on tho 18th, the COM
mittee. however. commenced formal con-
sidcration Of the bill for action. and adopt
ed an amendment striking out the clause
providing for free banking, but adjourned
without coming to decision as to what
provision should be inserted in place of the
clause thus omitted.
During the discussion of the resump-
ton repeal bill on the 10th, Mr.. Cannon
said though the metropolitan press was con-
trolled by Wall street ii could not control
him; other speeches were made on the bill
besides that by Mr. Cannon, but no other
business of moment was done on that day.
Tho army bill passed the Senate, but in an
amended form so that it goes back to the
House.
A. A. Lowe, one of the New York
committee Of bankers and merchants that
visited Washington to demonstrate against
the passage by tho Senate OF Mr.. Bland's
silver bill, says Mr. Bland gave them to un-
derstand that his constituents knew per-
fectly well what they were about, and that
they preferred to pay their debts in silver
rather than in gold Moreover, he advised
the committee, as friend. TO accept the pro-
posed measure. warning them that il they
did not, bye-and-bye men would bo sent to
Congress who would wipe out the debt as
with sponge.
The Senate's amendment to the army
bill making the limit of the strength of the
standing army at 25 900 instead of 10000 rs
fixed by the House, was agreed TO in the
House on the 18th. The vote stood 1874 TO
100, the following Democrats voting with
the Republicans in favor of the amendment:
Aiken, Benedict. Lockwood, Hart, Mickey
Williams, tof Michigan) Williams, (of Dele
warc) Culbertson, Mills, (of Toxas) Gid
dings, Sleichcr and ThrockmortOn. Some
milor amendments made by the Senate
were non-conccived in, and the bill went
back to that body. Mr.. Stephens introduc-
cd bill for the financial relief of the coun-
try, and TO facilitate return Of specie pay
mcnts, without iniuriously affecting the
commercial business and general industries
of the country. Referred. 1t provides that
the Secretary of the Treasury shall have
prepared an issue Of excbequer bills, Of
various denominations, to the amount of
S35O,OOO,OOO, and that they shall be used
for the redemption and payment of out
standing legal tender notes. and that such
exchequcr bills shall be receivable in pay
ment Of all public and private dues and
shall be fundablc in three per cent bonds.