Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-02-19
CAPITAL DOINGS.
SILVER BILL NOT TO BE RUSHED
THROUGH.
A Supreme Court Decision With Bearing
on Minnesota's Obligations ON the Rail-
Road Bonds---Other Washington News
of the Day.
The 'silvcr Union,s Mee,ina.

eise CoAuiu1tGcc udu aSreeU TO call the aSSOCla-
tion ''The Silver Union.'' Representative
Eden offered the following:
RESOLVED, That to morrow, Immediately after
the morning hour, motion be made by Mr..
Buckner to proceed with the business on the
speakers table and on reaching the bill to re-
monetize silver the previous question shall be
called on concurring in the Senate amendments,
and that there be no debate.
Mr.. Bright thought there were serious obiec-
tons to the bill it was returned from the
Senate. One was to the limitation of
coinage and another the striking out
the feature of free coinage from the
House bill He wanted to make some protest
against it, for this was dissemination against
both persons and metal. The holders of gold
were privileged to have their gold bullion
coined free of charge. and citizens and foreign
ers could benefit alike in this respect Dis
elimination against silver should not be made.
AS the silver to be coined under the bill was to
be full legal tender in payment of all debts
| what reason was there for discrimination
against it in the matter of coinage? He stated
several other objections against the bill.
Mr. Wright offered a relolution as follows
| Resoleed, That the bill should be reported as
| it came from the Senate.
| He said they had been here three months
and it was evident that they had made decided
| movement to carry silver bill. When passed,
as matter of course, the President would veto
it. He had no doubt of that, but the House
could pass the bill over the veto by majority
| of two-thirds. By accepting the Senate bill
they made the measure certain and sure. Free
|
silver currency. 1t would have good effect
on the country, if the bill should pass as it
J came from the Senate. 1t would be great
victory. When gentlemen were certain of
good thing, why should they hesitate?
Mr. Hanna said, while he was in favor of
free coinage, yet it seemed to him as a ques-
ton of policy that it would be best for them to
take up and pass the bill. He did not believe
the President would veto the bill. The Presi-
dent dared not do it. Mr.. Hanna made the
declaration radical Republican. If the
President would veto the bill two-thirds of
both houses would pass it, to the contrary not
n E. GS S n the ms to drss the
amendments. He thought the passage of the
bill would do very much to strengthen the con-
fdence of the country.
Mr.. Ewing said the people Of the country
were in intense distress, and looking for some
relief from the reconciliation of silver, Under
this bill they would receive none, and he ven
tured the assertion that not 300, 900 would be
put into circulation by it. The Secretary of
the Treasury had the power to sell bonds to
buy bullion, in order to resume specie pay
ments. This bill remonetizes silver, and every
dollar of the millions authorized to be coined
per month, will be bought up by Secretary
Sherman, for the purpose of boarding it up for
the prosecution OF his resumption scheme, and
when this bill was passed. the advocates of re-
sumption would say, you strengthened our
cause by buying twenty-four millions of
coin dollars year.
MIR. Haskell said he was admirer of Sec
rotary Sherman and his financial policy, but
for two years past the secretary and the direc-
tor of the mint have said that if the people
want dollar of 41215 grains, they should have
tlemen could control they would put four
millions in circulation every month.
MIR. Ewing said he did not want cheat
palmed off on the country. This bill gave to
Secretary Sherman the power to coin either two
or four millions of silver dollars month, but
with such restriction it was adhering in effect
to the gold standard. He would not vote 70,
it.
MI. Butler said although he did not like this
bill he would take if he could obtain nothing
better. The silver men had giants strength,
and it they should exercise it, they would dc
what they pleased. He thought it would be
unwise to pass the bill without affording some
} time for debate. This would strengthen the
measure. II the bill should be passed without
, debate, the President might send it back with
! out approval, saying he did SO because he never
: had heard of any reason being gwen in the
House why it should become law. Therefore
l he, Mr.. Butler would have it debated in ordel
q to take away all excuses for the executive tt
t say he had right to send it back becaus,
there had been no debate on it
the bill wherein it says the silye
G dollar shall be legal tender at its nomina
: value for all debts and dues, public and pr
e vate, except where otherwise expressly stipu
) lated in the contract. According to this ever,
! banker or broker or other person NAV saw b
!. will not take silver, but only gold. He he'll,
such exclusion could not be made, and referre,
to the decision of the French court of cessa
): ton in the case of contract that the refusal
s the money of the country against publ
A policy, and ought not therefore to be permit
g ted Mr.. Butler said his proposition was this
"a Let this bill be treated as all public measure
= ought to be, with due respect to the nation
Do not remonetize silver with haste or by
e trick. Let the bill be referred to the committe
n on banking and currency, and they will com
r to conclusion as to what should be done.
" they conclude the bill should be passed in il
present shape the friends of remonetizatio
could vote for it in body. If they shout
conclude it ought to be amended they coul
vote for amendment accordingly. By this tt
50 bill will gain strength.
Mr.. Southland moved the bill be referred
- the committee on banking and currency.
II Mr.. Phillips called attention to the fact tn:
70 the bill remonetized silver and declared it to
fe be unlimited legal tender. He thought tt
10 true course to pursue was to take the point
% gained. While he was not in favor of II
y amendments by the Senate, he would take it
ne he could obtain nothing better. He said the
IN were bills pending in the committee on banl
ing and currency to further carry out the pu
pose of this bill.
g. Mr.. Fort said in his judgment the Bland bi
- was better bill than that returned by Il
u Senate. He thought they could safely act lii
m men, take this bill, send it to the commit
a and pass resolution in the House that Il
- committee may report at any time, and WHIT
no this committee should do SO the measure cou
ad be discussed. The remarks of Messrs. Evil
n and Butler, he said, showed them they shou
not act in hot haste. The Bland bill W
passed under suspension of the rules VIII,
;er absent. Therefore they had nothing to lot
tn Debate would strengthen the bill.
MI. Wilson, of West Virginia, said the Sens
ty' passed the best bill they could, for that bod
ng The action of the House alone did not pass
~ law, but both houses must unite in such q
!, suit. The opening up of this question in
~ House would be the proudest triumph for w
q street.
he Some of the members having retired, abe
forty-four remained. The question was d
posed of by agreeing to q motion that the
shonld be referred, kto-morIOw, to the CO
mittee ON banking and currency. There y