The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-14
CONGRESSIONAL PROCEEDINGS.
The senate.

The senate.
WASHINGTON, Dec. 15.--Mr. Cameron, of Wis
bin. OF South Carolina. asking that his claim to
y seat iq the Senate from that State may be in
merlts. I moved that the. petition lie upon on
the table, the present. and gave notice Chat
lBAwoul u up hereafter !, and move Its refer
tions. 10 ordered.
Mr.. Voorhees,, of Indiana. submitted the fol-
lowing resolution and gave notice that he would
call Z up Tuesday, Jan. o., 1878, for the purpose
ot submitting some remarks thereon.
\, Res9leed M r. That Y is Of the highest Importance
maintained. Rnd in order to do so the govern
men ment ,lss tss la IL al H its should In
:. entered into with its own citizens.
AZ the expiration Of the morning hour the
81 m te e sh a g e
goyernment t2 gay ita bonds In silver, and Mr.
Rayard, # .! p!eleware spoke In ,opposition
IN 1870. he endeavored 10 make the currency
md the ponds Of equal value He beieved, that
the lsgislntiLon, lon Of The past ten years had been
this necessary; It makes II necessary to declare
whether certain acts shall be acts Of national
weafeas ths pubic credit inSres S Sthe BUSINESS @ s
payable both prineii and Interest in ne coin iY"''
All parties knew that the bonds were to be
pGs'd 10 geld or IT. equivalent lent in silver or IN
alent to each other. When the government In
Il provided its creditors an equivalent In gold.
aa II had agreed to do. This was the language
na intent Of the aw The Mas
there should be any difference IN equivalents
either way, , The preamble to the present. reso,
legislation, is not q true history. The legfsla-
lien q @ lss sd Y q omltted sts y should have said
grains being found - fo have ss1t greater Value haa
the gold dollar, silver ceased to be brought to
our nints for coinage.
La 1s7a the silver dollar was worth per cent
more than the gold dollar. and whenever any
nation started out with two standards Of value
IN IT, coin, that Of the highest value will take it's
flight. and leave the lesser ono to do its work.
He said there could be no sinister motive on the
part of Congress for demonetizing silver. 1t was
hoped to see silver circulated among tho people
under such regulations as may be necessary.
Sold and silver owe not their value TO man a
higher Power had created them, and given them
those qualities which made them useful as coin,
but they owe their position In the commercial
Mr.. Hill said he did not intend TO make q
speech. speech either her or silver or gold. The question
cfes that se bonds Of % he sed saes are ue
redeemable In gold or silver. at the option of
the United States This, he said. was simply a
ought to be, but declared what IL was. Under
the law, AZ 1t now stands. the bonds are re-
dWssmabg ~ thass h coin q the IT,
kaen omitted: that was the word present"
= standard value. The bonds are redeemable
not now. M but Y y years hence when they be-
i faq H. nd then hsy are p in
the esa coin then existing Il gold Dis Is tie faeen coin
bonds are TO be paid IN gold Of the standard
value of 1870: and If silver is the coin Of the
country at that time, the bonds are to be paid
Mr.. kIrkwood- suppose we, as sovereigns,
make debased coin by that time?
. Mr.. Hill will not argue upon any supposti-
tous case that sovereigns who are worthy the
name>of sovereigns will ever debase the coin OF
to the statesmen present he would ~ say fhey
were engaged In childs play: for we have no
right 70 legislate or declare what coin shall be
due.
MI. Matthews asked, II we, were to pay the
value when they become due, whether gold or
silver, then, why not make silver coin to nav
M Hill saa ali fffsGbaon # tbe proposed
due can do It In the standard value of 1870; but
In haey naa r. R right pow to declare what IL should
+hn mr. Ahson addressed the Senate in favor OF
the resonton i, and IN favor of the remonetiza-
ZION OF silver. and double standard of values |
goyerament, 81 suffering BY II It would be
afor from OHIO had seen fit to antagonize this |
ses9ption snS tpa, with question before the Senate
tssnu tuaL ls. shall silver take its place again
among the commercial coin of the country? He |
argued that the silver bill ought to have had |
precedence Of this discussion and gave his rea-
made u legal tender "'o No
Mr.. Dawes said the faith of the government
made Il unnecessary to pay the bonds In gold. |
lt mas been held that such was the meaning Of |
tne hs law and It was not for long time disputed
strange to say 1t had sprung up In that Stata |
where other alarming heresies had sprung up
~ 9 WonaerIut manner of late. He spoke for a |
asss nSmesr Ct eopdholders IN the State Of
faith and who were entitled to receive their nav
ace riding to the terms of the contract. |
MIR. Hereford took the floor but yielded tn |
MIR. Allison to move that the Senate nrnnead ~ |
executive business. The motion was anraad ~ |
session. - ~ 0e"'aso
!. The doors were reopened at $50 n. m. whan
the Senate Immediately adjourned "A''
The House.
The House resumed consideration Of fba |
colorado contested election case and Mr. Ghand |
ler. OF Georgia. opened the discussion Of tha
Gay IN fayor OF Mr.. Patterson's right to a seat
Mr. Calkins made a brief speech on the law of |
Ghe case and In favor OF Beiford -
Eli. Hale. In discussing the nuacffar. uot,y -