New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-18
VOL XXXvII.. Ne IL 400
WASHINGTON.
-.-onr-s OLE cnNGRESsMEN.


1.--a..,,on are rapidly leaving Washing
Oone r. holiday recess Mr.. Evarts has
ton 80 Tow-York. and the President VIII soon
NI ~ message on Civil Service reform VIII
ioiVN. 20 Congress in January, together
With a report by Mr.. Dorman b. Ea'on > con-
,,ission The President Will reassert the pln,-
- 81 reform. The sale Of per cent DonuS
~. s+onped completely. The Chinese question
mas Sopn hroucht to President Hayes's atten-
mas Nv Congressman Page in letter printed
to-day.
INIT SILVER HERETICs HAVE DONE.
'',rTopy OF WHICH PERHAPS THEY MAY BE
ppo1-p-NuuoNs LOST, BOND SALES STOPPED,
AID CREDIT DAMAGED.
lBY TELEGRAPH TO THE TRIBUNE.l
U.suNGToN. Dec 1.-THE impatient advocates
II the BLAND Silver Bill, who came to Washington
last October boasting that they would remonetlze
silver in thirty DAYS, have not thus far succeeded
They have accomplished what may be equally Satis-
factory TO them. They have stopped the process OF
refunding.
Their action caused temporary suspension OF the
sale of per cent bonds alter the large suDscrlp-
tons made In this country last Summer. ms wac
Its natural consequence, and It's ehecI was aOou'
passing away when Congress met. Inc eaeerheSs
of the repudiatOnistsito repeal the Resumption Ao'
and to legislate that 90 cents worth OF SILVER
sbouId pay a debt Of dollar caused postpone
ment of the bond sales. The market
showed little or 10 disposition TO improve
until the publication Of the Presidents message ana
Tho renort Of the Secretary of the Treasury. Those
TO documents had 50 much Of the true ring III
them that their effect upon the quoted value OF per
cent bonds was really remarkable. The price OF the
hands Immediately went above par and the Secre-
tor, of the Treasury and the members of the Synd-
cate hogan their preparations for resuming sales.
The recovery was only a temporary one 1t had
NOT been supposed that the advocates OF the silver
Uiu nm the senate would be strong enough to pass
that measure over the President; but subsequent
canvas, placed this matter in doubt, if it did not IN
decd indicate that tvo-thirds of that body would
Vol. for the Bland Bin with all OF its Objectionable
fos+ur.. This discovery had its immediate auu
legitimate effect. The / per cent bonds at once
sank below par. and there they will probably re-
main until Congress has finally disposed OF the sub
jet.
I'm the meantime the United States Government is
pIyluC e. utr cent interest on many mlluoAs OF us
debt which might have been refunded 40 per cent
qdy,c.rc- of the ]. peal of thg Resumption Act Inc
loss 10 the Government by tIs unnecessary suspeh-
sion of the process of rounding VIII Hr many times
rreqt.r than any gain 10 likely ever Co secure by
7,Ir m interest or principal of its bonds in silver.
il tie members of Congress tlroug whose acl iol HI
loss bias been sustained could hy any means DC htlu
pecuuarly pous DIE Tor ~ they Ihitl' ne 'Iousnl
10 a realization of what their duty really Is lu T. e
premises: and if their constituents were required
through direct taxation 10 make good TINS loss 10
the Government, common sense lucas OF Hh''"'ii'l
subjects would probably take the place ol iHt Wtu
theories which now prevail in 80 many parts OF the
country.