The home journal. (Winchester, Tenn.) 1858-188?, 1878-03-14

| without the consent of both parties to the
! contract. National promises should be kept
with anhnching fidelity. There is no power
to compel nation to pay ITS lust debts It's
credit depends on its honor the nation owes
| what it has led or allowed its creditors to
! expect ! cannot approve Il bill which in
my judgment authorizes the violation OF
sacred obligations. The obligation of public
faith transcends all questions of profit OF
public advantages. Its unquestionable main
tenance is the dictate of the highest expert
ence as well as of the most necessary duty
and should ever be carefully guarded by the
executive, by congress and by the people
| 1t is my firm conviction that if the country
is to be benefited by silver coinage it can bt
| only done by the Issue of silver dollars Of
| full value, which will defraud no man, and
currency worth less than it purports to be
will in the end defraud not only the crcdi-
tors, but all who are engaged in legitimate
business, and none more aSSuredly than
those who are dependent on their daily
labor for their daily bread.
RUTHERFORD b. HAYES.
President of the United States.
Executive Mansion, Feb. %, 1878.
The speaker thereupon laid the message
before the house, The message having been
Itdu III lllN illluNl VI oIltHtt 'Ht
speaker stated that the question was: Will
the house, on reconsideration, pass the bill:
The vote was then taken, and resulted in
yeas 1856; nays, 73. The speaker announced
the vote, and said that in obedience to the
requirement of the constitution two.thirds
have voted in the affirmative and the bill
has passed, the objections Of the president
to the contrary Notwithstanding. The an.
noancement was received with a general
hand.clappng and other marks of iubila.
ton. Adjourned.
In the house. March LIST, Mr.. Shelby
introduced bill to aid the great southe
railroud company to construct Il line OF rail
way in Georgia and Florida, which was
referred II provides that the company
may issue bonds in an amount not exceeding
fifteen million dollars, payable in fifty years,
in gold, AT the rate Of 4 per cent. interest
per annum, and authorizes the secretary Of
the treasury to indOrsc the guarantee of the
United states tor the payment OF the interest
on said bonds,,...Mr. MCook, from the
committee Oh military affairs, reported back
the bill authorizing the secretary Of war to
purchase the site Of and attach it to the
Vicksburg national cemetery, Grant,Pember.
ton monument Referred. The house then
went into committee OF the whole. Mr.
Sparks in the chair, upon the private calen-
dnr The committee rose and reported
thirty five private bills, which were there
upon passed ION motion, Mr.. NaddcN's
bill to prevent speculation in postage stamps
by poStmaSters, which entailed q loss, lie
said, of One.hundred thousand dollars
month TO the government was madea special
order for Wednesday, and tue house
adjourned till Monday,
SENATE.
In the senate, on the 25th, Il message
was received from the house announcing
concurrence in the bill to authorize the CON.
age of the standard silver dollar, and TO re.
store its legal.tender character. An engrossed
copy Of the bill, signed by Speaker Randall,
was delivered TO the senate for the signature
of the vice president, which was later at.
tached, the vice president, at the time, not
being in the senate. The bill now goes to
the president. When the bill TO provide for
IL commission on the subject Of the alcoholic
liquor traffic was reached on the calendar,
objection was made to its present cOnsidera.
ton, and the senate adjourned.
In the senate, on the Goth, the secretary
called the senate to order, owing to the
absence Of Vice>President Wheeler ..... Sen.
ator Anthony submitted II resolution that
Thomas W. Ferry be chosen president pro
TEN. Agreed to, and Senator Ferry was
escorted to the presidents desk by Senator
Thurman. ...All the unobIected cases on the
calendar having been disposed OF, Senator
Wallace called mp the bill to authorize
long bond for the investment OF savings, so
that ID should be unfinished business to-
morrow and the senate went into executive
session, and, when the doors were reopencd.
adjourned.
In the senate, on the 9th, cOnsidera-
ton was then resumed OF unfinished busi-
ness, the bill to authorize long bond for the
investment Of savings. Mr.. Wallace eH.
planned the provisions OF the bill at length.
He said: There are two purposes iu the bill
one to provide fund for investment OF
the earnings OF the poorer classes. TGe
argument for this is the insolvency OF sav0
ings banks 50 recent aud so widespread.
The remedy seems to be in wise use of our
public debt as fund for that purpose. The
other purpose is to initiate a policy Of
diffusion OF the public debt among our own
people-a popular loan, at low rate Of
interest, to run fifty years, to ease the bur.
den of taxation and keep our surplus earn.
ings at home. Isantagonizes syndicates and
appeals TO our own people. 1t looks beyond
national bsnks and finds an anchor for the
public faith with the people themselves.
Pending discussion, the bill was laid aside
temporarily and the senate resumed cou.
sideration Of the bill considered in the
morning in regard to the payment Of pensions
in New York city. The amendment of Mr..
Sargent was agreed to, and the bill read the
third time and passed yeas, IS; nays, ).
adjourned.
In the senate, ON the 2Sth, house bill
to authorize special term of the circuit
court OF the United States for the southern
district of Mississippi, to be held at scranton;
jackson county, was taken up and discusses
at length. Mr. Eustis submitted an anenu'
ment, providing for special term OF .ne
circuit court OF the United states ior ,ne
district of I.ouisians, to be heid III OF.
Charles parish, La, OH The second MONDAY
in April next, for the trial OF cases growing
ont of the action of the government IN
se;vir" v 10 timber AT ten minutes after three
,ein y m message was received from the house
If representatives announcing that that body |
had PASSED the bill authorizing the coinage |
of he standard silver dollar and to restore |
its legal tender character, Notwithstanding