The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1878-01-25
CAPITAL GOSSIP.

I
WASHINGTON, Jan. 2I-At the State din.
ner TO day, the President handed Mrs
Waite and Col. Bristow OF Kentucky, hand
| ed Mrs. Hayes to the banquet.
| The House steamboat bill occupied the
House and progressed as far as the last
| paragraph.
The House Judiciary Committee will
present an elaborate report, by its chairman,
Represe ntative Knott of Kentucky. in the
case OF Smalls, member of Congress from
South Carolina, that his privilege do not
shield him from the custody of his State
under the charge of felony.
PROBABILITIES.
West Gulf States increasing cloudiness,
possibly rain, areas warm Southerly veer-
ing to clear; northwest winds, falling fol-
lowed by rising barometer.
MR. LAMAR IN THE UNITED STATES SENATE
ON THE MONEY QUESTION.
Mr. Lamar, of Mississippi said he would
vote against the resolution of Mr.. Matthews,
for the payment of bonds in silver, and also
the amendment of Mr.. EdmunGs, to pay
them in gold, because he believed they did
not set forth fairly and fully the true issue.
The Senator from Ohio, Mr. Matthews, had
argued that the act OF 1862 to strengthen
the public credit, was passed on account of
apprehension that the principal ofour public
debt was payable in legal tender notes. In
his, (Mr. Lamar's) opinion, the argument
in favor of the right of the Government to
pay the bonds in greenbacks at that time
was stronger than the arguments now ad-
dressed to the Senate in favor of the right
of the Government to pay the bonds in
silver coin. BY the law of the land this
greenback currency was elevated at that
time as full legal tender for everything
except custom duties and interest on the
public debt, and silver now is not legal
tender. He concurred in the opinion that
in 1869, the bonds were payable in green
backs; according TO a literal construction
of the contract, he did not believe it was
polite or statesmanlike now for the houses
of Congress, in advance of any legislation
to proclaim their position upon this sweep,
Ing and radical revolution in our financial
system. He believed there was more than
One method of Iemoneti1ing siivor so as to
place that metal upon a solid foundation as
part of the currency of this country. He
believed it could be done by the co-opera-
ton of all those nations which desired to
remonetize it. He believed ratio between
the metals could be fixed so as to answer
all the requirements of trade and business,
but there must be cooperation. The Uni
ted States could do nothing solitary and
alone to restore the silver dollar to the SER
vice of the world. He did not believe that
the Bland Silver Bill would accom- plish the
double standard; its peculiar element was,
that one metal and one metal alone should
be the ruling metal, and that metal must be
silver. We had better adhere to greenbacks
than coin this metal unless European eOun-
tries coined it also. If the United States
should attempt to have a bi-metal-
ic standard, when the principal
European countries had a gold standard,
alone, silver occupied subordinate position
to gold in many European countries. and
CONGRESS must legislate with reference to
things as they are. The Bland bill proposed
that the old silver dollar should be coined
as legal tender; would any deny that the
effect of this measure would not be to de-
priye the gold which is in this country far
beyond our limits forever and remand us to
the monopoly of silver. He said gold
was the great machine that swung the
produce of one country to another in bulk
while silver answered very well tor the
purposes of domestic exchange. This
bill was not advocated as permanent
measure of finance, looking to lasting pros
perity of the country. 1t was simply to re
lieve the suffering among our people. If,
upon sound principles, 1t would administer
to their relief no one would cooperate
more readily than himself. The people did
need relief-merchants were breaking-la-
Dor was out of EN- ployment, and the farm
ers of the South and West were groaning
under Indebtedness. If this bill would
give relief he would vote for it; before
any one was authorized to conclude
that the bill would give them relief. ne
must show that it was the pressure of silveI
which was the cause of suffering. lie ar
gued that money was more plentiful In those
countries of Europe where silver was de-
| monetized than anywhere else on the face
| OF the earth. The flowing in of silver sim.
ply caused an outflow of gold. 1t was sale
/ that this measure was necessary, not SC
| much to swell the volume of money as to
arrest the process of contraction. LII tha
was so, why not arrest the contrac
| tion by pestponing the resumptionP
nothing should be done by Con
gress to prevent it, he thought equality
would be established between the two
metals in spite of everything. The natura
effect Of our business relations was bringing
the two metals together. We had two grea
American products. Ore was cotton; |
brought gold everywhere on the face of tn
globe, with the single exception of the plac
where it was produced. The Governmen
had demonetized silver by the act of 1879
its obligations in a metal which it ha
. demonetized and debased in the markets Q
the world. He asked why it was Englan
could put out her bonds at three per cent
and said it was simply because her cred
was good and the holders OF seeuritle
, knew they would suffer no loss by her law
. In conclusion, Mr.. Lamar alluded TO tn
, course of the Democratic party prior to tn
:. war and said when that party had contr,
!. of the Government for the first Seyent
! years of its history, they handed it to tn
party which then came in power withou
| single stain upon its name
When Mr.. Lamar concluded his re mark
there was some applause in the gallaries.
8 OHIO. .-@
SHE KILLS THE AUTHOR or HER DIsHoNC
al WHILE HE SLEEPS.
III CINCINNATI Jan. 24.-William Miller,
q young man residing at Newelps run, Was
4 ton, Ohio, died night before last from
q | wound inflicted by Miss Elizabeth Kyl
r whom he had seduced He had renounc'