The New York herald., 1877-11-17

all past agreements The whole matter, however, was
IN control Of The majority Of the House.
The House then at quarter to hyo O'Clock, took
recess until napast seven the evening session 10 W
exclusively devoted 10 debate The bill
EVENING SESSION.
When the House assembled after the recess thcrs
were not more lhan dozen members present.
M HENDERSON, rep of Ill, opposed the repeating
bill. II he had been member OF the Congress which
had passed the Resumption act he would have voted
against II; but now 20 repeal that act would be re-
garded an act OF bad faith and would DO injurious 10
hr. TowssngsD, ldem) OF Ill, characterized tho
national banking system as an evil to country and
creature oi the war intended for temporary purpose
and should be got rid Of immediately. He Announced
himself as an advocate OF the b for tns repeal OF tho
Resumption act
SPEECH xE. WRIGHT
Dir. WRIGHT, tdem.) OF Pa. favored the repealpr
currency should it be said that Wall street was to
establish the public rule with regard currency
aud that the agricultural aud manufacturing
to count for naughty He affirmed by tho liyiag
God that Wall street should not be his leader; ho
would stand by tho side OF the masses Applause
the gaierea After The passage OF tho Silver bill he
had Wall street drive up 10 the Arlington Hotel
In a coach aud tour He knew Il was Wall street 90.
cause he or any other Congressman would have como
In n and two, ana his constituency would hayo
como in a wheciDarrow or upon foot (I.aughterl
The flag which aoated the Capitol brought Joy to
tho capitalists, but the iaborng man saw In II moth
ing encouraging. IL had aoated over an assembly
and capital but not for the Iaboring man. The tlmo
had come when Congrcss had TO yield something to
the rights OF the laDoring man. IL had 10 ard him
somewhat cad OF bcstowing all It's iavors upon
the mon who lived In Wall street
Messrs. Crittcnden, tdem) Of Mo-, and Herbert
ldcm.) OF Ala, advocated tho repeal OF the Resump.
ton act.
Mr. CANNON (rep.) OF ILL.,, was In favor OF rcsuiap-
ton in 1872 provided the double standard system
were adopteu. He TO tho Clerks desk. and had
read, paragraph from the NEw Yogx HERALD OF yes-
tcrdsy, in VIII ch u referred the Western Ropresen
tatves tanalical and lunac OF silver rupuda-
tionists He was sorry that portion OF the
metropolitan press controlled by Wall street Ho
had been told that he referred 10 the matter In the
House the HERALD, beng mighty paper, would un-
make him; but lac not afraid Of IT. God Almighty
had made hlm and tho NEW YoKK HERALD could not
unmake nim. tLausntcr)
SPEECH OF Mr. HEWITT
Mr HEWITT (dem.l OF n. y, said that he bad pre-
pared speech upon the bl before the House. but
gentleman from ONO tMr GarGeldj had iraversed
almost the Same ground which he (Mr. Hewitu IN
tended 10 take. He concurred iuy IN the gen.
tleman had SAID in regard the present uatlou aud
the policy of resumption He differed from that
gentleman In one or two respects, mainiy
trne that tho arscnoaeE could , ever 'Is ss
reIssued. He believed that when debt was paid it
was paid forever aud the grcenback once Ga ncelod
could not be rc,ssued Il seemed now though tho
government could resume specie payment January
1872 but that result was not due to the passage Of
tho Resumption act. That act had not
trbuted one iota toward resumption He
sorry that IN tho course Of mo discus
rs bloaed oondholders aud wreckcrs other as
robbers ana demagcgues. Ho himself hao boeu tod
that no a bondhoder aud reprcsen tativo Of tho
money interest oil tho country Personally he owned
no bonds aud his district was Inhabited mainly by
laborns men. he had large capital tevery dollar Of
which nc had made by his own diligence) engaged in
business His firm employed 5000 persons, and
every year sinco 1873 the establishment mad been
ut loss IL was, therefore, to his interest to advo
cate v nuancaI policy which would be OF benefit 10
the whole county, and that policy the policy Of
ton Tor the condition OF his workmen to get up
In the House and try to discover and
have enacted the remedy for the present state
of things. The laborng men OF his district who wefo
suffering beyond thing he could describe had sent
him here on other ISSUE aud for no other purpose
tnan 10 attempt 10 get out Of this slough Of dcspond
HIS molhod Of getting out OF differed from OF
tho gentlemen from tho West who. In
his opinion, wero suffering under delu-
SION this matter. He did not regard it
desire their part to rob and steal He thought
thuy were SIMPLY mistaken Tho remedy they pro-
poscd could only aggrava,e the evil Confidence only
was lacking, and confidence could AZ any time De
stored 70 capital by simply assuring u that II would
longing, invest In the aud Soutany where that
there degree certainty Tor tho return OF their
money with far interest But confidence could DO
Restored by telling Tho holders Of American securities
who had expected 10 DO paid IN gold that they wcro
TO be paid IN silver IL was not question oil legality.
He believed 10 be perfectly legal 10 remonetze tho
silver dollar and pay IT, but u was tho worst possible
policy, the worst possible biunder, because II do
stroyed the faith OF capitalists In American credit.
That was the difficulty.
In conclusion he said We plant ourselves on
the rock o honor before the country such ta-
ture has beeu recorded the history oi
Tne dagger which SEQ Ia that, the hope OF tenn
porary rcIie, We may take an anodync which may in
the end be too nucn for Us, and that We may per-
ish, instead OF achieving that health which
all desire l stand appalled, at tho
prospect which see before n these two bills tho
silver bill aud tho ant-Resumption bul, should be-
come laws. Our sufcriDgs arc nothing TO what Will
after the passage oil tnesc acts Every dollar OF
moveable capital VIII quit the country. The debtors
VINO expect that will raise the price OF their prop
erty will lnd that there will 10 nothing TO buy 1t
with, nnd that values viii fall and creditors viii
take the of their funds and 20 10 some chino
where their properly will DO respected. am clear
and certain that but result follow from these
measures, and that that result Will DO ruin ruin
resources, ruin In character, and ultimately ruin IN
constitutional freedom.
Other speeches made by Mr.. Keifor, OF Ohio :
Mr.. Dunnell, oil Minnesota; Mr. sampson, OF Iowa.
and Lorng, oil Massachusetts, against tho repeal or
The Resumption act.
The House at twenty minutes past eleven adjourned