The New Orleans daily Democrat., 1877-11-16
m. went into executive session, and at :35 D. IN.
adjourned.
The House.

Mr.. Scheicher introduced O Dill 70 equal12e
promotions of army officers in the line of SER
ton ton Of freight between tide water on or near
the Atlantic ocean and the Ohio and Mississippi
MI. Chambers introduced a bill to enlarge the
national cemetery near Vicksburg. Miss, by
| tons monument
NJ. Mills presented 9 memorial from the
a o 2 ns BE- shDaE aaaEs he Gss bs
Mr. Sapp introduced q bill to provide for
cheap transportion Of freight from tide water
Of railroad and branches from New York to
Tho Committee on Mileage submitted a re-
port to the effect that there was no law author
tending the extra session. Tabled.
bill to repeal the, resumption get. and large
number OF amendments were offered:
=, In answer to question by NJ, f., Hurd the
ment under the bill was that this the last day
In which the morning hour could 9e excluded.
morrow. o Vie He understood it was the purpose Of
the gentlemen having charge of the bill to let
the debate run to tomorrow: that Mr.. Ewing
would address the House on Saturday, and
would then call the previous question on the
Mr.. Evins then addressed the House in oppo-
sition to the repeal. He eontended that all I'm
portant business transactions since January ID.
1875, the date Of the passage of the resumption
act. had been based on the theory of resump ption
be disastrous to business interes s. No law
should be changed unless good reason was
change. The balance of trade. he contended,
was in our favor, and the receipts from all
ha hfg opnon an1 the resompos an
many legal tenders would be thrown on the
were Convenient f Tor exchange and ali that were
| required for the purposes Of trade would be to
keep them in circulation. He denied that the
rpn IF bn nj n ucn fhn
volume of the currency issued. In the name of
| the whole country he protested against the re-
peal as tending to bring dishonor on the coun-
Mr. :Ballou said he should vote against the
repeal because it would injure the best and
dency was In the direction of bankruptcy
Mr. Hubbell was in favor of resumption be-
cause il bis opinion the time had arrived for
the establishment OF permanent monetary
System and for reorganization:
He thought the time had arrived for perma-
| Of circulating medium other than an unre-
Mr.. Kelley then took the floor and said that he
| call a .doctrinal discourse: he proposed
continue han the nrs1,sa he IN f
He had in his hand an article fresh from the
Pen OF man wh2 had been Secrs ary 9f the
| a mass Of Ignorance that 1t was no wonder that
| under his management Of the finances the coun-
Try should have g gone from prosperity to fnan.
| article disgraced the country whose Secretary
of the Treasury and Controller Of the Currency
Which makes ME- Me;6qlioeh deserving of ali the
| epithets that had been hurled at him.
Mt. Kelley then M quoted pa paragraphs from Mr.;
Mccalioeh himself could, not have believed
e o hesh h fad a sG lay pS
Of ssemed to 0 hsed
that men might honestly, differ, on these dues.
aaa He shoud eserd each
as speaking his honest and patriotic senti-
nH M. Kelley then proceeded to argue that it was
| impossible to resume in gold. because the gold
was not In the possession Of the country. Re-
L was paper tt eeod NJ cdanry
could stand the drain upon It that was proposed
lion act. When the United States received tie
Alabama claims award 1t was provided that 1t
should be paid IL gold. but the Bank Of Eng.
drain of gold would bankrupt the country.
The result was that the United States was paid
by 2 return OF her own bonds. Lately British
tested against the drain.
Gold to redeem and resume with in 1879 can
re- Of hess bsRs IN h
Capitol now. and they are invading all of the
committee rooms, and It has been said that they
| ing them about as lackeys He Kelley would
| not utter such s!ander as that the Cabinet Off
| GERS would hear the demands Of these bankers,
and not listen to the demands OF the widow and
He Predicted the same ehaeer Of
This s was as Inevitable as 'e the going down Of
the sun and the rising of the same. There is
90 iofIexible law which viii Rot be changed:
had saved the country. Last sumner INNER he % was sin IN
Georgia and at MACON made q speech on finances
and he told the Confederate officers and SOL
| diers that their defeat Was owing in great
They had declared that, the United States had
& Mosd be and theg coad na
then put troops in the field; but the United
States authorized auth the ,greenbacks. They an;
sweredd; tes, tss. Judge Kelly 1t was the id
1t was the rag, baby that, saved the
snaarar NE Raso BABY abed Mr.
baby that carried forth the e soldiers iii in the the
was the rag baby that brought the s 'Idiers back
from the battle field. The greenbacks should
not be denounced without a protest from him;
they had confidence. then they would
bs hfxe MASSAGE Of lax 6s of oDds1ee 3 d
by reason Of which poor people who had in.
vested In building associations were having
homes sold over their heads. while wreckers.
as Mr.. FELTON, had characterized them, were
standing by, ready to profit by, the disaster.
country and in Massachusetts alone the assessed
value of personal and real estate property
shrunk over one hundred millions in one year.
He predicted that the suffering that we en-
dured in the three years in which the law has
been in operation was az light compared with
the fourth year as was the light chill upon trop-
ioa1 nj n n SoutU wi a
Arctic cold that fills up the iceberg. They got
along reasonably well in England in the first
three years. but 1t was in the fourth year poverty
into Parliament praying for equitable relief.
The banks will. however. use specious argu
ferring to Secretary Sherman. Mr.. Kelly said he
respected him, he had changed his opinion
on the subject in 1867, wheo, as a Senator, he
could hope to do, the disaster that would result
from forced redemption. In 1863 the Secretary