The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-11-14

| S.AS VI Wv AaAuAeuuuCe u t0e AmeIlctn
Navy In q proper way, the bill passed
without division.
The House then proceeded 10 consider.
alton ot the resumption act.
Mr.. Eden offered substitute simply
repealiug the Sd section Of the resump.
tion act and providing that there shall
be no further issue Of National Bank
notes except TO replace such as are mutt.
lated worn or destroyed.
Mr.. Chittenden took the floor and sent
to the clerks desk and had read a
memorial Of the National Board Of Trade
and the draught OF a substitute for the
pending bill prepared BY that body. He
then stepped 10 the clerks deek himself
and addressed the House, and holding
up $40 legal.tender note, he said he
was very much mistaken II the bill be.
fore the House was not u downright re-
pudiation Of this note. In his hand was
promise Of the Government 10 pay him
$40, but no date was fxed for the pay.
ment The note was issued in 1875, and
on the l4th day Of that year Congress
had enacted a law declaring that this
debL ot tha Government should be paid
on the lst Of January, 1879. The Gov.
ernment must keep its promise faithfully
or i would become the leader Of all re-.
pudiators In the land, including every
defaulIing town, city and State. The
question OF honor was the central and
vital point In the discussion. He criti.
eized the opening speech Of Mr.. Phillips,
saying that the contraction Of currency
under the Resumption Act had
no more TO do with the present
suteringa Of the country than Il
had with the frozen feet OF the Turks in
shipkA Pass. The Limitation Of paper
currency should be left to adjust itself
under free banking system, guided by
the eager, intelligent, aggressive enter
prise Of the people. There was but one
alteFnatiye-an exclusive greenback cur.
rency, subject at all times 10 the caprice
ot Congress. The pending bill was hurt
iul, discreditable and without excuse.
The country wGs now shaken by the wild
blast Of 4 grand currency illusion, which
swept over the plains Of tho South and
the prairies Of the West, carrying the
House by storm and threatening to en-.
gulf the national integrity. The green.
back was the most powerful enemy the
country had ever encountered, slavery
alone excepted. Il was a fraud; ii was
a sham; Il familiRrized the indi.
yidual and public conscience with
shams; it had muddied all the
springs Of henest thrift and solid
enterprise, had deceived and misled pub.
lie Judgment, had sapped the courase
and wisdom Of the Federal treasury and
had given immense comfort 10 dema.
Sogues. Mr.. Monroe assumed that the
whole country would be glad to see the
Sreenback equal to the coin dollar in
Value, and yet all the legislation the coun-
Try had which tended 10 bring about that
equalization was repealed By the bill un.
der consideration. He quoted from the
st. Louis Democratic platform, which de.
louuced the Republican party for not
having taken any steps toward resump-
lion, and yet the Democratic party had
brought 10 bill which repealed the only
'tep taken toward resumption. He also
quoted from the Republican platform,
moving that that party was also in ia.
ToE Of resumption.
Mr.. Kelly suggested that all the Re.
'ublicans did not stand together on that
platform. BE himself had gone, under
ligh official auspices, TO Indiana, Ohio
md Central Pennsylvania, and expressed
% every audience he addressed his protest
against the financial doctrine Of the BE.
publican party, and the views expressed
~ MessEs. Hayes and Wheeler in their {
etters OF acceptance, and that was the
rear when Ohio had been won and not
ost.
Mr.. Monroe, continuing, said It needed l
out little more patience and q victory Of I
lpeedy resumption would be achieved. i
The present bill passed, feeling oldis. '
'ouragement, would prevail throughout I
he land. 1t twould be hard to find a more
ayorable time Tor the resumption Of {
Ipecie payments, and II specie payment
we're not reached under the present cir. {
the country may we'll de. !
pair OF ever reaching it. This closed the {
discussion for to day. e
Mr.. Glover offered resolution for in l
,estigations into all departments Of the
Government. The same resolution was I
Idop!ed at the beginning Of the last Con- '
,ress. Referred. Il