, 1877-12-11

those lnes: there wns no tloubl about wl,4t th".a
words meant The net va. as trce from en5 To1sl.
fcrred to the standard cuin then IN existence. and
M n,ntter how mucn sucl, coin nlRhs bo lcnrccnt'
ed ?. eDa.cd appreciated Or insres.ea IT.. n yana n1
eminent, tt..l that r.'outa not affect tho rght. OF
holders. When these hends weFo !cdeenr.s By tho
peess n so or 20 sny 81 ssr
were known to tic law when the bonds wcrc ls.ued.
Hc araucd that all bonds. By. thelr terms, ny tno
werc rcdeemahln in coins known to the stAtntcs Of
the United States At the time sneh bond' wcro au-
NM =, 5sn ,seA to ss :ss ;ssS' ,ss f
to tho passage Of tant as. .x 5as .ss 81 saod -
ls4a new coInaae "a. c+sapii.hei which d.oppc,,
from the 1tst Of authorised coins Of the Lnltcn
s,si w14 h5 eis s ~ 70
differences did that make: Tho United states -
one Of tho part!es to contract coa! not OF tts ow
not affect holders Of bonds. The recital" contained
in bis preamble and resolution logically amt legally
Justified the eone'ason tn. 4 va. ness,fssv @ des
dollar a. It stood. legal tender Tor tho payment Of
public faith. nor in dero !aton Of the rights Of
public cre1tltoss. The Government IN ordef 20
ssep .et IN position to pofot%a nada Ks e9rfsss ,rsf
ana complete isaaltsnder. Senators Mste rot set.
private or Individual incfesss; they wsFc here "a
representatives Of 4 grca. phbtic Interest; ehcy
WIRE here a trustees Of tho naton. trustees or ~
ttoHor rs well n4 hf 1t pccnhlary intetetf, o9t
bound 10 act a. trustee. according to the unyeesal:
~ acknowledged principlea Of right anu law. What
ts ss sfsat nsa aa % oS
tors Of H.. This Tresldcnt of tho United state:
ebsnue!s III, matsrd d oat tor III n 81 tho const,auon.
When he tMatthews! heard tho talk that t was
tne Of r. e. e Goas rest1a ta.
enil, he asksl who had gtren oat Fsch o!pccta.
tion Whcrs had the people 50 epoksn: through
..st, hst shanns' = through what 'g'ne1 Let '10
v HsS sns II INTO Wss ssps
essafiy 90. PIT he wonla only briefly refsr To-
In vniuc. How vas tho ioa. measured, " gold.
III. Eston-iia. not Silver iepfeclaied in tbs
alr. Tstthews.l answer silver eau to-day buy
morv Of every known product NJ labor than i
il the world a. silver deprecated H. hreelth oa
hair. Dn the contrary, II hna maintained ~ posi-
tton. Il can bur to.dny snors land, more honsot.
1n G.ste calico. moro everything than It eoula IN
NJ. Eaton said lie agreed With the Senator that
Il ~ axs coSa VIZ o t sbro.d
What haYo We to do vita the inquiry whether tands
and houses abroad have appreciated Or mott Who
observation that everything has Eono down, anu
that gold alone has eono u. Nothing could pro.
youl persons from see!ng TINT but Tue blindness 9f
those who had Joined tho conspiracy 10 exals golu
M Easund. Eaas saII taking the remarks of tho
no! hla phlio'ophT apply as we'l'to copper and
gold.
Mr. Matshows-wc did not agree to pay In
aif. Edmunds thsn asked II the Senator from
ihe price q silks in France in go was 20 high Al
Nj. Ma,t6ews. scsumlng hla argument. said he
had tho testimony Of his own peEsonal experience,
tho testimony Vi the list VI bankrnptctes knr0ugh:
ss H. se. e the s'' oeet tSs s@ery.ns bSt
soota had dep.ectatsa tn yaue: What else meant ut
I'll ns e e %h' Shs f.s ds. s
Tho country now was beyond oil llslorleal com.
pasisop In our country. and Il woul! taku put fsw
IN conclusion III. siatthsws argued thAt Y this
apnIscuton oi go!d sial' eon'nae. The 6sst @ IT, II,
81 gMoisii sai II tho Senator from Ohio had tn
tho COMMITTEE on tho Judiciary, he might have
undesstood hls purpose. 'rba question FaIstd BY
his resolution was legal one. ' Whsne.st tle M
silver ho lttorr,lD would be prepared 70 expsess
Tsvs uppa II md he aopsa to p ats e shoT
ft&t II W01lQ H8 FnGAQ8E 1Qu oGktGf tn9
S i: ssHts 6ha sSa had .et o
with the declaration TINT 70 laa tho equitable ani
country lad NJ. coined silver dollat:, except is
sspora'0n ana on's ,,ns sna'' ali a"gans IT.
sfmo sH1 'qfs tas passeess; % ssa sesn
receipt Of gold from cusous dutes osery d"llar q
S.S e. ou / 81 posss ~ nss Il Ill s sonxs nsss
could say II dobt 90 contrnctcd e.u!d ba paid IN
sg sst KS 81 @ hs ss r.
s r,sa ont tho whols deot Of t'e Government wand
FL H. puo st pexs sfi - Tin
Treasury hsd rl,en such pledges, sna tholr asss t
qttotod from Sec. d tho Fourteenth Amendment
10 ths Conaltut,on of tho United statcs ~ regard
70 tho validity ot ths public aca aad aid that
tue Southern states questioning lta validity. aud
not 10 dylt The hsrcs!cs Of Quo; Now In this
ssntaves lal beru tetap,Ied In patflo!lan, ha Ap-
pcaied u thutn 10 rcjcct the pfopoaltlon Or tho
| bcnator from OhtU.
specch to which hs would like to refgr, but QUO
point in particular he could aol pass The Senator
s.. pid ID he nos know M t;at thvra mover had been
timu in the history of the Gnterlmtnt when lrlonty
could w oatancd moro readily Of ut iess Interest:
| lie Muyea the retcrenrc of Tho resolution to thu
COMMITTEES on tho Judiciary.
Mr ConklIuy said he wished to submit an amend-
mcMt b~fuEs Ii rrfcrrucc, and thst wsa to strike
ont the words lle II resolved BY tas ssuass, sl,a
llouse otsktrpFgsontatlyus cohcnffnx therein, and
| insert In Ieu thereof tho wurd1: - Rcaolved BY
tho senste and House Of Representatives.. lii
SAID ht4 pusposs was to aaAks It ajoIat reaolu.
tion instead ol concurrent resolution: %. y u
T. ss I'D 49, a1
with him one sixth OF ths legislative power. and:
10 c4sp Of such importance ~ this hs thought
there should bo an expression Vt tns full !eEts'a.
tive power.
pelent for enhaF branch OF consresa 10 declare it,
opinion " u what WAS the law of the lard. and II
| WA perfectly competent for tbs two lousoA q
Eopxsuss tn 10 70 oy concurrent resolution, and II
Congress entertained HI up!plon t0 the exItt,nl
stats of tic law, that opln!oa saoad not be null.
BODY 10 undsrstsnd ths opinion Vt Cunyrras. AMI
then the President might act ~ ha Aaw ft l!efsnl
| ter but hu did not NIX 3hc President for C11
op!n,on now: The ss.oiat!aa s1bm,!ted " hl
colleague iAaisho"4l saskod taa aluple 4uestion U
law. There was no n!Aessity fof retcsrip,
1t 10 4 coMmlttse. There was nothtn.
upon tho Aubjrrs out ono or Two statutcs
sui no rep.n any cumn'!ttee could makt
would lessen tho de,lltc In Tho Sena.1 one hour
| liz Has u,asyoiuus!y curious to knuW W Whit euA