New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-11

would be right to do In his opinion IL would be rg
in its legal equitable and moral II was his pun
pose to-day briefly TO show that by the letter and Sp
to to restore the silver dollar, and would be t1stiaet
doing so, and further TO show that outside OF se @
incident of the financial legislation that me Iosioraoi
OF the dollar would not he IN VIOLATION OF INC ueo ~ a.
of public honor, public justice public equity ne Ine,
ou6ted from the "Act TO Strengthen the Pubic oieu
approved March IL. 1859, and argued ,na' n 1n'
s Sofu INTERPRETED TO refer TO gold in coin alone
The Act Of 1869 declared the Goyernnent bat da%
coin dollars; and what ala coin mean at ,1 5ih b
Nothing was coin in this country except lhal when ~
law might be coined a. money am .n'I ow %bcj
prescribed how many grains OF ROd tnefe eho" ~
| be in gold coin and how many grams OF silver ~
silver coin and from the beginning OF the GOVernheh
down 10 that time the silver dollar was known 10 III.
people of the country az one OF our cons ne wc
provided that all duties on imports Should De pay aDe "
M 10 the Act Of 1873, which dropped The silver doal
from the coin of the United States silver dollars were
receivable for customs duties ana were Regsu lUi
Dnymcut interest the pubnc dent he next quotu
Of Tho NsfIonal debt. and said It intended to
bc a new Ftarfing-point in the history Of the pub
csion the medium for tao redemption OF those bonds
He argued that all the bonds, by uh'H terms, by Tue
idrcmablo in the coins TO the statutes OF inc
United states at the time such bonds were author
ton Act OF 1879, and stated tnat prior TO
the passage Of that aet. ont sIBseqnen' i TO
noe WAS established which dropped from tue st Oh ai-
tioIIzcd coins Of the United states. what lnn always
been known our law as The SILVER dollar no" IN ~
ar i'm morals VIVA, dhtre did that inahef me Cnltto
states ~ c OF the pa ties 90 contract cOnld not 81 US
G%n act d,a not c,ct the holders OF The bonds
When he heard the aa. that was the expectation oI
the purchaser OF thu bonds because he raid gold Tor
theu he must rccrIye gold he asked Who
rad gwen such cXpeclalloh-Wherr had
what agcucyl Let the record he produced.
II hd brer said that silver had deprecated IN value;
tf.. rod IA b 4
had appreciated Ia yaluef
MIR. EATON Dem, Conn.)-Has not SILVER deprecated
i'm The pa caast of every product
Mr. MAIIIILWS-I answer silver can today buy more
of every product OF labor than 1t could IN July
MT, EATON said he agreed with the Senator, that It
could IN Amcnca but IL could not abroad: 3,
Mr. MAITHEWs-WhaJ have We tO do with abrOadi
what nave 10 do with the inquiry whether lands and
houses abroad have appreciated IN value or not W 40
sntiJI t' w M Nti1, s,,Id ,ynt uarsons n ON
recognizing That but tho blindness ~ those WHO nave
Joined in tbs sprdcy kali gold the King ofmoney
Mr EDMUNDs Rep. VT said taking The remark. Of
the senator trr -IiV"r ad gold, why would
MOI his philosophy Apply az wen to copper ana sod.
hir. EDMUNIjS thcu asked II the Senator from ONO
quite sure gold had appreciated an II The price of
Sks ~ tTHfr ~ Ie' s' ~ t 5 ~ nv ' 81 s Own
personal pcroE,e the testimony Of TIE list 0l uHu
ipices Throughout the country, and the testimony ~
ia, IL, Of sntIls' sales, 90 tle fleet that everything
GOLD d.iICr ittd All
ms ~, q. discomfort what else meant all This murur
Of disstsfc.icni THE distress OF the country
beyond a historical comparison n our cOuniIy, aud to-
dan would take oy fcT more tuius Oi TIE wheel to
throw tie great Of our people into bankruptcy In
conclusion Sir Matthews argued that n This appreciation
Of gold should continue the best investment possible
MI MORRILL, tRrp, Va said u tie Senator from
ohio mad Introduced ts resolution aUd asked It's refer
crc to the Committee the judiciary, ice might hayc
understood lis purpose. III" question raised icy s res
olLtOu WAS lesa one. aua whenever TIE main que
ton came up the REORGANIZATION 81 silver. he ttr
MouI.D wound be- prepared 10 express L5 view uron d,
and e hoped 80 he able f. show ti Would be- cheaper
auJ better for thc Uni.cd states to pay its
debts IN gold The senator froiu ohio (Mr Mat
tIeWsi HAD sci on win tr declaration mat we hla tc
equitaDe and legal nigh! 10 pay our eCnds IN
years the cou-try h'd hot coined SILVER dollars oNrep
for cNroratOn md only small amount f0r that pun
rec it OF s"ld ifGih customs cutie every dollar OF
which T4s Pi.lErd for the paJmrnt Of me
Do paid in anything except gold. lie qpoei from
cjc ana sad ii It act should be carried Qua the wh,i"
G,ht a. abe Gcyr nmcnt Houid hc pad N very snort
pcdsed to lay tle bonds N god com our secretaries
~ The Treasury had gwen such pledges AMI ther acts
had never been repudntcd by Congress. he quoted
fro, section of tie Fourteenth Amendment 40 the
Constitution oi the United States, In regard to the
sat amendment adon,cd to prevent those from the
Sauuclu aics questioning lis haliy, ana not to hent
rcsolutIOn j0 the l0mUiItcc on the judiciary.
Mr. CONKIING GIcp. y. - ,aid be wished 20 submit
Sfr, out ihr words BE- i fcsoiycd by the scratr Ghe
House of Representatives couemrng thelen,' aud iu
and House Of RcrrcscTtatiyes" He SAID MS lurpo,,
was 10 make il joint resolution. irst al of concur
resolution, rha;, il IL were adopted. world 10
10 the irraGtui lUT his signature.
Mr.. Iij EMAN DEM, OhlOl argued that II was peg
f,cty compete for Clor branch of Congress To- declare
its opinion what tie Law OF tie Land; and 81
Was Perfectly competent for the Houses al Congress
40 iJ concurrent resolution; and n toiEgC
t,rtained opinion as t0 an existing state 0i the law
tLat opinion should not DE- nu!Ihcd by veto at lhe
resident
Mr. EDNUNDs said the qucslion with him at The pres
muucut what would ha tie circtc' tie passage
of tbs resolution uruu the luh credit. II would rot
nuTr The rich IondEoider but would HjUre tie widow
tire orphan ic abUrUs rlas who hal invested tuclr
money ia Government bonds, ana enable Spectators and
gamblers 10 gamble OH the public credit lie iaYOie!
TIE Amendment Of tie senator from NrW-NWk.
Pending discussion, the - nate, at UcOcs, adjourned
Dy vote ur ycts 80, nay 2-lOt test vote many
Senators known 10 be IN favor Of The resolution y0tcu
I0r adjournment account OF the iatenes5 OF the
hOGf