The New York herald., 1877-11-14

dollar OF a the millions that passed through hs
hands which been appropriated 10 purpose out
side Of the Maintenance OF tho American navy IN
Mr. DASyoRD tsp.) Of Ohio, argued that thore was
no posslDrv. except by corrupt COLLISION, of having
the fund ~ the pay Of the navy permanently diverted
TO any other bureaus and that therefore, there an
aci uai dei~sncy IN that fund.
Mr. EDxs. (dcm.) Of IIli.. asked Mr. Danforth 10
state what sum had heen actually required for ths
Mr. DAspoRD replied that he had no in formation on
Mr. BANKS (rep) Of Mass, expressed his conviction
that u the -"sent Secretary OF the Navy would
adhere to tb Laid down by him, he would very
soon stop ruD -lLg the department. The system on
which The House did business made it impossible for
without encroacning on that rule. For Instance the
Naval Committee had jurisdiction OF all matters
% 70 ns sws sssd wnon h as ess
ships tho expenses to be incurred, &c. but the Com
mittee on APPROXIMATIONS perhaps IN view Of an I'm
fifty, twenty-five or ton per cent, and
STATED Deficiencies. The proper way would be 10
restrict The Committee on Appropriations had been
originally restricted under the rules to an appropra.
ton OF the money required by the laws OF the country
REPLY TO Mr. HALE
Mr. BLouSr, OF Georgia. replied 10 Mr.. Hale. He
admitted his mode OF presenting the bill and
ductng the discussion was not based on a. study o.
judgment That gentleman had not answered points
made by him nIr BIount, but had raised now issues
present secretary OF the Navy had his re-
tpecI because he repudiased the practice which
was coming back TO the legal methods of administer
ing the navy. There had been misuse OF the public
nomeihns 1sy quo Of The admnist2aton Of tho navy He
mr. Blount not the only man inside or outside
Of wno Ssen %
This might be In violation OF good taste
his tMr. Blount'sl part but he would not
permit the gentleman from Maine to try him. In the
midst OF tho popular Distress IN the paralysis OF busi
ness, he for one no remedy but in reducing cx-
pcnditures and reforming legislation. He would re-
sort 10 that method rather than to pceping bay
onets In distrus OF the men who made up the bone
and sinew OF the land and the basis OF all Its Indus
trios
BILL TO REPEAL THE RESUMPTION ACT
Tho House then, ut a quarter past three o'clock,
proceeded the consideration Of the bill to repeal the
Mr EDEN, Of Illinois, offered substitute simply re-
pealipg the third section OF the Resumption act and
iiona bank notes except to replace such as are mu-
tilated worn or destroyed.
Mr. CHIrrESDKS (rcp.) OF N. X, took the floor. Hs
sent 10 the Clerks desk and had read memorial Of
tho National Board Of Trade and draft OF substitute
for the pending bill prepared by that body.
He then stepped to che Clerks desk himself
and addressed tho House from that position. Holding
much mistaken II the bill before the House not
downright population. This note in his hand
was nxed ior the payment The note was issued in
1875 and the l4th day OF that year Congress had
enacted law declaring ha. this debt OF the Govern
ment should be paid the 1st OF January, 1879.
Tho government must keep its promise faithiull. az
IT would become the leader OF all ref -9rs 3. y
land, including every dctaultng towtr .,t."ste
The question OF honor was the centre U fs,t,,Ay...
in tho discussion. He proceeded to- i.s.s.,,4f y.
ing speech made by MIR. Phillips, OF. --sas, -
pressed his regret that that gentIoL,an had given
his confidence TO that monster OF iraa-
paupers in tho streets OF New York. He also ex-
pressed the regret that that patient aud profound
OF finance had to tue conclusion that the
commercial distress OF the country and the shrinkagc
OF values from the Resumption act He told that
gentleman and ali unortunates who went roaming up
down the highways aud byways OF the land teach
ing the doctrine that contraction OF tho currency
under The Resumption act had no moro to do with the
present suIcrings OF the country than had to do
with tho frozen feet OF the Turks in the ShIpka Pass.
II high time that members OF Congress and men
Of sense dropped forever all such nonsense He
on TO argue thar the limitation OF paper currency
should be lett adjust itself under FREQ banking
tenn guided by the eager intelligent aggressive enter,
prise OF the people. There but alternative, an
exclusive greenoack currency, subject at ali times "a
the caprice OF Congress- II any ono asked him what
that policy would lead 10 ho would refer them,
sorrowfuly, to the recent the Siivei
bill He characterized the pending bill as hurt
presented admitted of no compromise. There was
way to average honesty with dishonesty.
wrong He believed that there never had been an
hour in American history since the days of colonial
Dependence when the national honor and welfare were
SO imperilled as now. What had the House done on
The h inst. II had passed the Silver bill without
syilable Of dobate-a bil which. 40 II e. be.
tho savings Of New York alone. aalfa million
OF tho citizens OF tho Empire State would come, IL
necessary to Washington to protest. in .he name of
common honesty, against the outrage OF that bill He
quoted from speech made by ME- Blackburn, Of
The House passed the Silver BILL in
which he stated that tho. House would
Resumption aci, and loosen the shackes which had
tor SO long bound down the laboring men, and would
follow this up BY cqualizing taxation and restoring
Mr. BLAcKBuRS, OF Kentucky, said that the gentlc-
man IRON New York MR. Cht'enden) was reading
never been submitted 10 HIM Tor examination, but he
could only express his regret that that Resumption
bill mad no, already been repealed and tnoso snackios
Mr. CurrrEvpEx (continung) said that tina country
was now shaken by the wild blast OF grand ency
illusion which had swept over the plains Of the South
and the praIries OF tue West, carrying tho Houso by
and srsa xa. eS as tho eoa
try. II was now or never ho believed that
the gre was the most powerful enemy that tho
country had ever encountered, slavery alonc ex-
cepted. There was nothing In the history OF paper
money warrant the belief tnat tho greenbacks
dilions poluted TO reputation, and current
events pointed the same way. Ho referred to
lheavon save the markl)-which declared that
then worth nnetytwo cents, aud is to-day worth
ninety cents shall henccorh be lawful dollar, and
in effect tnal gold would be known forever
IN this country. II that was not square reputation
what was? Would the power which had declared an
article tnat worth nnety-two cents on Monday OF
last week and to-day worth ninety cents lawful
dollar ncsilato TO declare a lawful dollar wbcr
the exgency should arisef Edmund Burke nau
thought base coin good, ouough for the dependent
colonies, and had proposed the issue OF base coin TO
rsliove them IRON paper money delusion, ana now
history repeating scl-a proposition had been made
ia the issue $40 000 900 Of "goloidf any.
body knew what that was. In tho presence Of these
facts no denounced the .grccnback'' as fraud.
II was u sham; It familiarized the individual
and public conscience with shame. II bud mudded
all the springs VI honest Thrift and solid enterprise;
had confused aud misled the public judgment; had
sapped courage and wisdom OF the federal Treas
ury, had given immense comforts 10 demagoghes.
should the Cover nmont in this supreme moment turn
away to so after strange gods and to plunge into
a limited abyss OF waidice and snamcY That was
the question.
MR. EWING.
In conclusion put four questions 10 the gentle
man from ONO In charge OF the bill (Mr E~ing which
he wished him to when he next addressed the
House,
Fiyst-If he owed a sum oil money which he had
promised to pay the lst oil January 1872 could he
send creditor formal notice that ne would not pay
him and could no then meet honest men unveiled
,yecond--How could the government without a5so-
Lutte disgrace now give to the holders OF grecnbacks
ISSUED since tho l4th OF January, 1875, whom the
pledged itself TO redeem them on the lst