The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-01-24
The Senate then adjourned.
HOUSE.

Mr.. Springer asked leave to introduce
and put upon its passage bill to prevent
further contraction of the currency. 1t
provides that the volume of legal tender
notes shall not be contracted or reduced
below the amount of $950,000 900, and
that any surplus of such notes received
or redeemed by the Government which
may be in the Treasury in excess of sums
required to meet appropriations made by
Congress shall be reissued by the Sec
retary of the Treasury in the purchase
of coin for the payment of coin obliga-
tions.
Mr.. Garfield objected to its present
consideration, and it was referred to the
Banking and Currency Committee
Mr.. Jones (0hio), from the Committee
on Public Buildings and Grounds, report
ed back a resolution directing the sub
committee of said committee to proceed
to the cities of Chicago, Providence,
Pittsburgh St. Louis, Louisville, Detroit
and Cleveland for the purpose Of ascrr-
tanning the wants of the public service
in regard to public buildings in these
cities.
Mr., Stenger raised the point of order
that the resolution, as itinvolVed the eX
penditure ofpubliC money, must go to the
Committee of the Whole.
The Speaker sustained the point and
the resolution was referred.
AFINANcIAL DEBATE.
The House then went into Committee
of the Whole on the state of the Union,
(Hooker in the chair, for general de-
bate.
Mr.. Price addressed the committee in
advocacy of the reconciliation of the sill
yer dollar. He claimed it as thing
which did not admit of doubt that at the
time when silver was demonetzed, a sill
yer dollar of 4l2I grains was more valu
able than a gold dollar. He argued that
it was to the interest Of the United States
to make both gold and silver a legal ten.
der for all debts, public and private, par
ticularly when this country was such
large producer of silver, and he attribut-
ed the great depreciation Of real estate in
Germany to the demonetizing of silver
by that country He ContradiCted the
theory that the vast increase of the pro-
duCtion of silver in this country had been
the cause of the fall ia value Of that met
al and alleged in denial of it that India,
Japan and China alone had taken in the
course of trade during the last year one
hundred and five millions of silver which
was about twenty-five millions more
than the entire silver product Of the
world.
He criticised the sermons of Beecher
and rockingham, and in conclusion said
We are laboring to get back to the dollar
which has been tried in every condition |
and under every variety of circumstances
in this country, and has not been found |
wanting. We are directing our footsteps
in the way lighted by the lamp of expe.
rience. We are not pioneers. We are
only seeking for the old paths, made lu
minous by the footprints of the Fathers
of the Republic, They beckon us onward.
They say to us: "This is the way walk
ye in it," He who was a watchful stu
dent of history cannot mistake his way.
If we be attentive listeners we may hear
from every passing breeze that is waited
TO US from the marts of commerce, from
.he field Of the husbandman, from the
hum of the loom and from the ring of the
anvil, words Of encouragement to pursue
steadily the silvry pathway that shall
conduct our nation to the goal of financial
The Committee. at the conclusion of
he speech, rose, and the House ad,
ourned.