The Portland daily press., 1877-12-14

1870 declares the bonds to be redeemabe in coin of
became due they would be payable in whatever
might be the coin of the United States, but that
coin must be OF the standard of value of 1870.
Should the coin of the United States then be silver
the bonds would be payable in silver of the standard
value of 1870. The whole thing depended upon the
States at the maturity Of the bonds Hill was not
willing to say now what should be the coin thirty
years hence. With all due respect to the statesmen
of today, he thought the work Congress was en-
gagged in was mere child's play. This Congress had
no right to say what should be the coin OF 80 years
from now.
Mr. Allison regretted exceedingly that the Senator
from Ohio (Matthews) had thought proper to antago
nize his resolution to what he considered the main
question before the Senate, namely, "What shall he
done with silver" Unless silver should take its
place as money the bonds of the United States must
be paid In gold All the arguments thus far against
the resolution of the Senator from Ohio were based
upon the idea that it was the intention of the Senate
and the country to pay the bonds in coin of less
value intInsically than gold coin, The argument Of
wholly upon the idea that if restored The silver
dollar of 4l2a grains it would be equal in value TO the
gold coin now in circulation. 1t seemed to him (Al-
son) that this was absolutely begging the ouestion
In order to make his argument stronger that Sena
tor (Bayard) asked the question whether there was
any place in the world where 42 12 grains of silver
were worth 25 $40 grains of gold. He lAllson1
could point to place where 400 grains of standard
silver equal to Is $40 grains of standard gold
That place was the Bank of France but he fayored
such legislation as would place these two metals
practically at par with each other upon some sure
paw It's bonds in gold, that depended in a great
measure upon what should be the coins of the conn
try at the maturity Of the bonds, but meantime the
government had the interest to pay upon them and
It should be paid with the money contemplated in
the contract when the bonds were issued.
Mr.. Allison then reviewed at length the various
financial acts since the early history of the govern
ment, and argued that silver the money of ac-
counts and the unit of value under the law Of 1892
be believed that with proper limitations and remon-
etzation of the silver dollar silver could be MAIN
tanned at par with gold at the ratio of 163 to 1. The
reconciliation of the silver dollar with the proper
restrictions would have the effect of making silver
equal TO gold.
MIR. Dawes said he thought that in the discussion
now in progress the portion of it to attract attention
outside OF this chamber would be that showing that
the Senate was searching some means to discharge
the public debt easier than has been contemplated
mat would have most unpleasant and disastrous
effect upon our national credit. He referred to the
bll recently introduced in the Senate by Mr. Beck,
TO put customs duties in greenbacks and that intro
duGed IN tne House OF Representatives to abolish the
sinking fund, and said all these were kindred meas
ures He quoted from the remarks of Beck few
days ago in regard to the Democratic majority hav
ing increased because that party declared it would
not legisate in the interest Of the bondhoder and
sad ne did not think any party could be built up by
war upon public credit, whether it be covert or
open,
Mr.. Beck said he intended no war upon public
credit, but as to the faith of nation being pledged to
all the Infamous acts passed by the party in power
Tor the past fifteen years, he denied it.
=, MI Hereford took the floor to speak upon Mr..
an executive session. and the Senate at O'Clock pro
ceeded to consider executive business.
adjourned. N''''
HOUSE.
:, Privilege of the floor was awarded members of the
National Education Association.
MI. Bliss introduced bill for the erection of a
new p0stofice building In Brooklyn. Referred
tested election case,
The discussion of the case consumed several hours
Mr. Butler in his speech favoring sending the case
PACK 70 Colorado, warned his Democratic friends not
70 seat MT. Patterson who manifestly was not the
cho1ce OF the people of Colorado. He (Butler)
thought that all the electoral machinery of the re-
turning boards, electoral commission, or anything
else which stood between the will of the people and
a fair count of the vote ought to be swept away.
(Derisiye laughter on the Democratic side.)
Mr: Patterson, one of the claimants, having b cen
speech made by Mr.. Hale of Maine, in which Hale
had characterized him as vagrant and mendicant
and had spoken OF his claim of the most bare
iaceo anu unbush1ng in the audacty, and said: sit
is not always that beggars are to be blamed. Cir
eumstances sometimes drive them into poyery but
aeoward ana villler is always that either from
nature or his own choosing. Applause on the Dem
ocratc side) If after the statement which propose
TO make the gentleman from Maine does not feel in
House and even of a mendicant, then 1 think that
even beggar would be prince beside him in prin-
clpe. (More applause and encouragement on the
1t was o'clock when Mr.. Patterson finished his
SPEECH and then Mr.. Harris of Virginia proposed to
move the previous question, but yielded to Mr. Hale
He said: "The gentleman from Colorado who has
duplicated the House for seat for the last hour
has been needlessly excited and has in lanouage
whlch this chamber has almost happily forgotten
seen NJ 10 lndlcate on my part lack of courage
GUS action. Let me set that gentleman right. do
NOT claim any very high merit in that direction 1t
never occurred to me that it was an act of high
courage to speak the truth about that gentleman
ana his performances in the Colorado election. He
has also talked about my viifying him. In that he
has been needlessy sensitive took I'D the cifcum.
stances the undoubted fact, that be had been beat
en- and that not content with that he has sought
ngh and low for some sort of title outside in order
20 GET seat on this floor. termed that 'begging'
1or seat and nothing he has said has in apy
changed my opinion about it. If he gets the seat
then the people of Colorado are deprived of the rem
resentatlye OF their choice ii not by mendicancy BY
robbery. ~
The debate being closed the House proceeded at
$50 to vote on the question.
Inc hrst vote was on the proposition OF the mi
seat. This was negativediby strict party vote
yeas Ito, nays 1873.
Inc next vote was on the resolution that there had
been no valid election. This was rejected-yeas I6
nays III. lWhen the vote was announced it was
greete9 with applause on the Democratic side) The
following Democrats voted with the Republicans In
tne afflrmatiye: Cutler of Nd, Stenger of Pa.
Williams of Del, Potter and Willis of N. Y. '
Inc vote was then taken upon the majority reso-
tuition declaring Patterson entitled to seat and it
was agreed to-yeas 116, nays ITO, and Mr.. Patter-
OF Colorado ~ 0
Mr.. ONeil presented memorial of insurance
companies and merchants, asking that the mission
ferred. wv A0''oAeu' "o-
The House at O'Clock adjourned.