The Osceola times. [volume] (Osceola, Ark.) 1870-current, 1877-11-24

1
the late secretary might be scrutinized from
cellar to garrett, and there woald not be
found single dollar Of all the millions that
| had been appropriated to a purpose outside
OF the msintaiBauce OF the American navy
in proper form, the bill passed without di.
vision. The house then proceeded to the
consideration OF the bill TO repeal the re-
sumption act AZ close OF discussion the
house adjourned.
| The House, on the 18th, resumed the
| consideration Of the bill for the repeal of the
resumption act. After lengthy debate the
matter went over without action, aud the
house adjourned.
In the House, on the 18th, the follow
| lowing bills we're introduced and referred I.
| By Mr.. HASKELL Providing for the payment
Of duties on imports in gold, silver and legal
tender notes. BY Mr.. Schleicher: Provid
ing for cheap transportation between tide
water on the Atlantic and Ohio and Missis.
| sippi valleys. BY Mr.. Mills: A memorial OF
| the state grange Of Texas for the appoint
ment OF a commissioner of agriculture as a
cabinet officer. BY Mr. Sapp; For the con.
struction of a railway from New York to
| Council Bluffs, Iowa. The house then re.
sumed the repeal of the resumption act. Mr..
Kelly read from an article in the North
American Review, over the signature Of
| Hugh McColloch, which he said exhibited an
| ignorance discreditable to the country whose
secretary of TIE treasury its author had been
and mendacity which invoked all the op-
probrious epithets that ever had been hurled
| from reporters desk. He went on to say
| that congress, in legislating for the resump.
ton of specie payments, was legislating an
| impossibility. The laws OF trade could not
| be controlled by the wisest government
| Greenbacks had been denominated RS the
curse OF the country, and yet it was green>
bscks-the agbaby"-,hat had saved the
union. When gold had disappeared and had
| left the country, then the rag baby had step.
ped forward and had kept armies in the field
and supplied munitions, food and transporta.
ton That which had served so well in war
was not deserving the contempt which was
being hesped upon it in peace; that which
gave the patton credit to the amount Of
$500, 600 900 was certainly enough TO sus-
| tain credit of $2,000,O00,OC0. lie pre-.
dicted, in spite OF jeers and scoffs, that If the
resumption act was to be maintained, the
| sufierings OF the past two years, when com
pared with the snfferings yet to come, would
| be as light as the chill that alights on tropi-
cal plants when compared with the Arctic
| cold that builds up the mountainous iceberg
lie asked the house to wipe out that ruinous
statute as it stood it was "a menace to cons
fdence, the steady destroyer of credit It
was noticed by every capitalist that ii the
body of money was TO be contracted, that
the banks must hoard specie for resumption,
that prices must fall and that, therefore, the
best use Of money was to bury 1t either in
their own cellars or in the vaults of the
banks. In CONCLUSION, he said Repeal that
act, restore confidence, allow the tramps, and
| m lions of workingmen and women who
| are now living in despair TO go to work on
your raw materials and supply each others
wants. No nation, no individual was ever
freed from debt by idIeness and want OF in,
dustry. Set the mines OF Pennsylvania and
other coal states at work in producing power
let the coal in the mine quicken your ma
chinery, let wages be earned by the people
to enable them TO pay their debts and 10 con.
sumo duiable and taxable commodities.
We have gone at this thing bull.headed and
have thus efiectually disabled ourselves, de-
prived ourselves OF confidence, impoverished
our people, diminished the revenues of the
government, and put ourselves In the posi-
ton that IN the midst of abundant crops our
people are hungry. With our cotton the
largest crop that we ever produced they are
naked or in rags. Remember that you are to
deal with five thousand millions OF idebted.
ness. You are to provide fund from which
every old woman in Berks county can fill her
creditor, we take the risk Of your markets,
OF your necessities To- gold. We will 20 it
higher. We have got ten or fifteen millions
Of dollars to do it with. Adjourned
In the house, on the 10th, Mr.. Wad-
dell reported that the bill directing the sec
rotary of the treasury TO pay in full TO the
mail contractors in the southern states the
amount due under their respective contracts
for 1857, go aud 81, out of the appropriation
OF $4,000 made by congress March 80, 1877,
Referred. Mr.. Mills offered resolution di.
recting the military committee to inquire
into the strength of the cavalry and infantry
regiments of the army, how many regiments
are employed upon the Texas frontier, the
character of the troops employed there, the
military management OF the frontier, and
what additional force is necessary to protect
| the people Of Texas from Mexican raiders
Adopted. Mr.. Singleton reported the def.
cheney bill, which he will call up tomorrow.
The bill appropriat.s the following item for
payment OF judgements Court OF claims,
| 81 ,6i9.390; library OF congress, So, 500 !;
| treasury departments, various items, Sl25,-
900; postoffice department, salaries 1851 ,6sI,
| other items Sl2.500; executive office, contin-
gencies, $500; house of representatives,
various items, sll.365 supreme conrt, print.
ing, $4,000; expenses OF payment OF bounty
money, etc, $4,000. Total appropriation,
81 500 622. The postoffice item is reappro,
pratioD. The consideration of the bill re-
| laiing to resumption being resumed, the
house was addressed by Mr. Hart who OPP
posed its passage. Garfield spoke of the
debate as one that had lasted in the Anglo
Saxon world for more than two centuries.
| Hardly any phase Of it was new. Hardly
| had there been a proposition made from the
other side that had not been made seventy
five years ago in England, and almost one
| hundred years ago In the United States, so
| singularly did history repeat itself on ques-
tons Of this sort. Ile did not underval ne
| the greenback, but when the gentleman from
Pennsylvania kelly talked about green.
backs putting down the rebellion, If he
| (Garfeld) had bern on the other side OF the
house he would have said, ooh, no, Judge,
we had more liberal supply of that kind Of
money than they he'd. II was better money
than yours, on your own principle, for it was
| to be redeemed six years after the independ-
| ence OF the moderate states, and yet tina
did not put you down" TLaughter.1 He
did no, think that the gentleman who knew
the financial policy Of the confederacy would
| Join with the gentleman from Pennsylvania
| in his eulogium OF the greenback. The
struggle now pending ia the house was one
| on the one band 10 make the greenback
better and on the other TO make it worse
| In the name OF every man who wanted "a
hold his own when he earned il, he Gar
field demanded that congress sho1ld no,
make the earned wages Of the poor man tc
shrivel and shrink away, but tina. the green
! back should be made better unti' the pl0w-
holders money should be az good as the
bondholder's money. The house took |
recess until 7;30. At the evening sess.oI
l H.. stx.<