The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-11-07

Weights and Moasurcs OF which Mr. Stephons. OF
Georgia, Is chairman, instead or letting u 80 To- tho
Banking and Currency Com nttcc. He said that he
had personal motive cutting of Mr.. Buckner, tho
Tne silver question had last year. been divided be-
tween The two committees. Some New York papers,
most OF them CONNECTED with schemes the end OF
which he could not foretcI had charged him with IN
consistency on Tho silver question. He had shown no
inconsistency He had voted tins session precisely as
he had voted last session. He had voted In conso-
nance with the views Of Governors Tilden and Hen
drcks as expressed their letters and in consonance
The foowing bills were introduced and referred: -
BY Mr.. wiLLxrrs, rep OF Mich Granting pensions
10 the family OF the lnto General Custer.
By Mr. GIDDiSos, OF roxas-To establish mail steam
shp service between tho United States and Brazil.
u authorize. convention between me una.ed
steamship communication, the cost OF which ~ 10 DO
betrayed equally by both governments. NOS 10 exceed
$3.50. 0o0 year 30 the United states.
SERVICE.
Mr.. BRgxrAxo, lrep) Of Ill, offered resolution do
carng Il to ia civil service that
all government officials receiving salary OF $4,000
aud upward shall devote there whole time their OIL
ciai duties ANA shall permitted carry amy
other business. Referred 10 the Committee on Civil
Service ana Reform.
Mr.. Mossx, lasm.) OF Mass, offered resolution cali
my the secretary Of the Treasury Tor statistical aud
other Information as TO the trade and commerce be-
tween the United states and British North America,
and TO tho effect on such tradc OF the duties now
levied articles passing between both countries Re-
ferred TO the Committee on Commerce
NAVAL APPROPRIATIONS.
MI. WnIrrHORxE. (dem OF Tenn chairman OF the
Committee Naval Affairs, reported resolution In
strucing that committee 10 mako thorough invest-
CATION iuto tho deficiencies Of the naval appropria
lions and the diversion OF moneys from the special
objects Tor which they were appropriated.
Mr.. FRyK, oil Maine, made the point OF order that
the subject had becn specially referred 10 The
committee It could not mako any report ON the sub
jccL
Alter some discussion the Speaker pro tenn, sustained
tho point OF order and therefore the resolution
not we'd.
MIR. CLARK, tdcm.) OF No., from tho Committee on
Coinage, Weights and Measures reported resolution
calling the heads Of executive departments Tor IN
formation 10 tho propricty OF making the neIrica
system obligatory IN all government transactions.
Adopted.
The last half OF tho morning hour during which
committees wsro called for rcpor.s) was used up in
dlaory motions ana votos Tor the purpose OF cxcIud
ing any rcsolu tons that might beofered under call
OF the states tor that purpose.
Mr. CoNGER, (rep) Of Mich, and Mr. FOSTER (rcp.) Of
Ohio, took leading parts in this movement
TIKI RESUMPTION =
Finally at three O'Clock the morning hour havi
thon expred), tho House proceeded TO The consdera
ton OF thccal 10 repeal The third section OF tho Re-
Mr.. HugBEL. (rep) OF Mich, offered as substitute
for much OF the third section as provides Tor tho
redemption in coin OF all legal tender notes outstand
ing the LIST OF January, 1910, I'M amendment which
authorizes and requires the Secretary OF the Treasury
on and after the lst OF January, 1879, TO place the
legal tender notes redeemed under tho provisions
the third section TO the credit oil tho Treasury and to
pay them out all demands against the government
or TO exchange them ut for coin. II also declares
them legal tender tor all dcbts pubic ana prvate IN
ciudng duties on imports, except IN where coin
AIR. MORRISON, dem OF IN, offered an anne ndment
providing that each national bank shall set aside and
retain resumption iund from the coin receivable
interest on It's bonds deposited In the Treasury,
three per cent OF the amount OF s circulating notes.
Mr. roUND, trcp) OF Wis, offer cd an amend meut 10
make the thrI section OF the Iesumptlon act repeal
the law which limited the aggregate amount Of crcu
lating notes. and To NIX the amount ot legal tender
Mr.. Cox lrep) OF Ohio offered an amendment to
allow national hunks TO increase their circulation with
out regard TO the aggregate limitation, aud to allow
now banks 10 Do Organized also providing lor tuo
gradual redemption anu withdrawal oil ielul tender
notes beyond the sum Of $500, U0O0 900.
MI. CUMMINGS. (rep) Of Iowa, offered amendment
providing that Whenever III tue opinion of the Presi-
dent aud the Secretary OF the Treasury, there Is SUN
Gent coin In the Treasury TO authorize the rcdemp-
ton OF legal tender notes the Secretary lhaii give
Cticai nolicc thereof aud shall thereupon proceed
redeem legal tender notes
Also repeating much OF tho Resumption act US
requires resumption 10 be commenced IN 1879.
Also providing Tor silver coinage. &c.
HEwIrr's SUBSTITUTE
Mr.. HEWITT, ldem.) OF n. X, offered an amendment
as substitute Tor the BILL II requires the Secretary
the lst OF January next I'm addition to the gold that
may be then in the Treasury not less than $50 900
deem legal tender notes, ANA directs HIM, whenever
the amount reserved shall nifty per cent OF
tue OUTSTANDING ieg tehuer notes 10 give notice that
they viii be redeemed ard that alter notice shall
such notes shall be legal except
for government dues IL prohibits sale Of gold by
the Treasury except In excess Of this annual
ton. " also provides Tor tho issuing Of interest.
bearing Treasury notes not 10 exceed 5o,ooo,ooo
SPEECH PHILLIPS
Mr.. PHILLPs trep.l OF KAN, opened the debate by
speech favor vi the bill reported by Tho Com mlleo
on Banking and Currency lie quoted IRON a speech
made by Ma. Sherman IN the TO show that IL
then expected tEat the third section OF tho Re-
sumption act would tend 70 Increase the volume VI
cuatlng currency, but the contrary Was tho fact AT
that time there had been outstanding Of legal tender
notes $685., 0O0,Uo0. and OF national bank notes
$349, 000,O00 Now there outstanding but
$354 OF tho former and $31G 600 The
He calculated that the contraction OF currey from
snco tho passage vi tho Resum act
nearly $l25 600, 900 This almost
unparalleled In the history OF numerical country
he denIoi that the TALL price gold tho result.
OF the passage OF the Resumption act, but no atrib
utcd II TO the large export IRA 10 OF the country There
had boon reduction oil the currency to tho extent of
onesxth oil us euIire volume aud what had been tho
sutY IL had Increased the power ana value oil money
ond had caused a fall OF nty pcr cent IA the value OF
real estate. He Lad been recently informed by New
York editor that there less than hundred
thousand people IN that city living by begging and
plundering
Mir. CnIrrExDES, (rcp) OF N. " suggested that that
was nearly halt the population
Mr. PHILLIPS extended The application TO Brooklyn,
Williamsburg and tho surrounding suburbs.
In CONCLUSION, no waru ed the Capitalists of the
try to beware that while they are claiming thor
pound OF flesh lest they spill one drop oi Christian
blood The question needed no discussion Con-
gress. IL had been discussed ever since the Resump
act had darkened the statute book Ia town.
city and hamlet oil the United States The laboring
mon had become students oil the monetary system aud
had sent To Congress helr representatives, inspired
with the idea Of correcting such abuse the Re-
sumption act That was measure which had been
only mschievous aud which could not DC carried
elect unless justified by tho prosperity OF the country
At Tho close OF Mr.. Philips speech The subject won't
over until tomorrow.
Mr. GLOVER. (dom.) OF No., asked leave to oner
resolution corresponding TO similar adopted ut
tho beginning Of tho last Congre) directing The var
Gus committees to institute searching inquiries into
abuses IN the several branches oil the govern nent.
Mr. CoNGER, OF Michigan, objected.
Tho House then, at halipasi four, adjourned.