The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-17

the bill should be changed to An act To break
the plighted faith Of the Government and inn
pair its credit both ut home and abroad" Re-
ferring to the attacks nude upon the capitalists
of New York. he said that mt the darkest period
Of the nations history. when capita was ms i'm
portant ~ men. that illuminated class had
come forward and plnced millions Of dollars
at the disposal Of the Government without ask
ing any security. Already one blow had been
struck at the national credit by the passage of
the Silver bill, which opened the door wide to
initiation.
lasted in the Anglo-Snxo world for more than
two centuries. Hardly any phase OF IL was new.
H. appealed from the cbb and now OF the pub
lie opinion OF to-day TO the general judgment NJ
mankind on the question OF currency. After
tracing the history of the greenback, he said
that vast majority Of the creditors of the coun-
try wore poor men, and that u vast majority of
its debtors belonged to the rich classes. In the
name OF the lahorng man. therefore,. he de-
law. He demanded that Congress should not
make the hard- earned wages Of the poor man
- shriv"l and shrink AWAY. but that the green
back should bc made better. until the plough
holders money should I've M good as the bond
holders money. Two yenrs ago his colleague
tMr. Ewing) had predicted that the silver cur
rem " then proposed to br issued would be- i'm
mrdiatcly absorbed and withdrawn from circu-
lAiion. So his colleague thought now that gold
coin would II" u sOrhpd and withdrawn.
Mr. Ewing Dem. o. explained that when he
mad" that statement the country was not aware
Of TIA" ras ally act dcmonctlzing silver. and sill
yer was then nj a high premium over the green
bnck.
Mr.. Garfield suggested that the trouble about
the explanation WIS that the silver coin WAS OF
IL per cent. less value than old silver SO that
there never was the slightest danger of liz being
bought up for silver. Ifnn Eastern farmer. rr-
moving To the West. sold his farm for $4,000,
was he likely TO load himself with forty pounds
weight ot gold or GAO pounds OF silver Would
h. not rather take his pay in ton 81 900 bills
Thc moment the grecnhurk Ii equal to gold il
IL better than gold for Il IL more convenient.
Mr. liuckn"r Dem.. Mol urged the House to
vote. Tint would insure the passage of the
hill. II had been said that this legislation
threatened the pence Of the country. Tle leg
lslation already existing. and which this bill
proposed to repeal. had bedewed the streets Of
American cities with the blood of the people
ana II was his solemn conviction that. IL II were
persisted in. the whole social fabric Of the
country would be shaken to its foundation.
the House then took recess until ~ O'Clock
the evening session 10 bc exclusively devoted
to debate.
EVENING SESSION.
Whom the House assembled there were not
NOR" than dozen members present.
Mr.. Hrntcrson tRcp., Illl opposed tho re-
p"hling bill Messrs. Townships Dem, I'D,
Muldrow tDem.. Miss Wright DEM, Pal
Crlt"ndcn dem. Mo-. Herbert Dem. Ala.),
AMI Cannon tliep.. Ill }. advocated IT.
MI. Hewitt tDem.. \. " said that II seemed
now as though the Government could resume
specie payment on Jan. |. 1879. but that result
was not due To the passage oi the Resumption
act. That act had not contributed one iota to-
ward ItSumutipu.