The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-11-28


IT WAsHxNaToN CFTx. Nov. a, 1877.
The extra aessE0n OF Congress seems like
" - continue longer than was consemplat.
Cd n week ago when Mr. Fernando Wood
introduced resolution for adjournment on
the al inst, and il IS now extremely prub
able that il will pass away. ike the old year,
and become merged into the regular session
in December.
The ..siIver reconciliation billr Is still
pending and il Is thought some important
amendments will be adopted. The Senate
Committee on Finance ruled ont all propo-
sitions 10 place any limit on the legal tender
qualifications OF silver, so that Eilver as we'll
rs gold shall be treated as a real coin stand
ard of value.
The most interesting subject which has
occupied the attention OF Congress, has been
the repeal of the resumption act; and one
of the ablest txpositions OF the true and
sound financial policy of the country which
has been heard or read, Is contained in the
argument presented by Hon. Fl. l.. Mnldrow
in his speech delivered on the 10th inst.
The question is discussed by him in broad
and statesmanlike manner, and ontibrief ex-
tract from his remarks is so cogent in logic
should of itself be sufficient to crush out all
opposition to the repeal OF the act GU the
part of all Legislators who really 6esire 10
promote the public welfare. He said
The act gives the Secretary of the Treas
ury the power 10 sell baAds so as TO obtain |
gold 10 redeem greenbacks and fractional
currency; but there is no such provision in |
regard to the national bank Issues. The
ptactlcal working OF the law will be the abb |
sofptlon anu retirement OF the greenbacks /
and the issuance in their stead OF irredeem-
able natiOhaI bank notes. No man with any /
financial sagacIty Can believe that the ma
tIonal bank will be able TO redeem their cir
eaIatng currency with coin In January,
The whole speech is replete with strong
points and able argument but this of it,
sell, should be sufficient to kill the resump-
ton Dill, and plac it in the category of de-
funct Radical frauds and INSCRIPTIONS CHI
canery.
The people are TO be taxed to redeem
gFeenbacks, and national bank notes substi-
tuted for the use of the people, so that the
gold may be boarded in the vaults of Shy
locks and money-changers. But the speech
ought to be read in order to be fully appre-
ciated.
The members from Mississippi are on the {
following committees: 1
Hon. Fl. L. Muldrow, Territories. Coina0e 7
Ind Weights. 8
Hon. Van III. Manning, Public Expendi
ures, Education and Labor. {
Hon. Fl. D. Money, Postoffice and Post c
loads, Levees and improvements on the t
dissis>ippi river.
Hon. o. r. Singleton, Appropriations. a
Hartman of Joint Com ittec on Printing o.
Hon. Chas. E. Hooker, Indian Affairs h
library. te
Hon. j. r. Chalmers, Pacific Railroads.
.ccounts. Al
The fact that Mr.. Singleton is on the t.
ON mlttee on Appropriations, and that keen pr
scr'mInation and sound judgment will ex- fe'
else controlling influence on ths expen- NJ
lures of the public tunds-wbich has so OF
hg been the prey of Coralorants and or
houls-os spectators and plunderers--is an
ell calculated to assure the people that are
cir their Treasury will be protected so lea
r as the the powers of that COMMITTEES ex- on,
nd. VERau,rs Wi