New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-30
XLVth CONGRESS---IId SESSION

SENATE WASHINGTON. Jan. 90. 1878.
In the Senate to-day, large number OF Pc
titions presented by various Senators remonstat
ing against certain reductions in tariff duties and the
restoration OF the duty tea and coffee also favorng
the appointment of a commissioner to inquire into the
alcoholic liquor traffic. all of which were referred 10 INC
Committee Finance.
Petitions were presented from Nebraska and New
Hampshire in favor of a Sixteenth Amendment to the
Constitution of the United States, prohibiting States
from DISTINGUISHING persons on account of sex.
Mr. PADDOCK (Rep., Neb) also presented petition
Of ctizens OF Nebraska favOrng the appointment or
commission to visit Europe and inquire into the subject
OF forestry. Referred to the Committee on AgrcuF
Bills were introduced and referred as follows:
BY Mr.. CAMERON (Isep. Wis.l-To provide Tor pho,
nographic reporters In the Circuit ana Dstc' ooufs VI
BY Mr. MAXEY Dem. Texas)-To repeal certain CON
ngen land grants in the Indian Territory ana or o'her
BY Mr. BOOTH Rep.. Cal.l-ro amend the Act Of
March g. 1868 restoring land TO market along the he
Of the Pacific Railroad and its branches
The resolution to print 500 additional copies on tne an
nua report the Librarian of Congress was agreed TO-
Mr.. ALLISON tRep, Iowa. moved that 300 additional
copies Of the Silver Bill be printed with the pending
Mr. EDMUNDs Rcp., vt)-To be paid for in silver:
uaugher He objected to the present consideration OF
Mr. HOWE Gtep., Wisj from the Committee on the
Library reported favorably the House Joint fesoi'-
Gn accepting P SW OF Epbe Thomp
Mr.. EDMUNDs Rep. VT, said as one member Of
the committee wIi!e ne ,eit 1eepy 90 The Co,n
mittee because he did not think the picture OF chrac-
ter as work of art to merit place an the fOtuhda OF
Mr. HOWE said it was painting for which the donor
had paid 1000; it was painting wich was Widey
Known lie hoped the Senate had not reached tnat de-
gree excellence in matters OF ART 10 refuse painting
which had been sold in the market for SO 900
Messrs Coke Dem, Tex Dennis dem, Md Edmunds
Glep., VIZ I'LL Dem, Ga) McCreery Dem, N.Y. MOT
gan Dem. Ala) and Whyte Dem., Md voting IN the
iI'e Committee on Military Affairs was instructed TO
report whether any person has been appointed to the
army contrary to section No. q OF the act OF tDat
date contrary to section 12l8 OF the KeVsed 9iu's
BECK'S RESOLUTION.
Mr. BECK Dem. XVI called up the resolution sub
mited by him last week. declaring IL unnecessary and
nexpedent either maintain Impose taxes at this
Ill the purpose OF providing for tine 37 i96Oio o.
and asked Tor by the Secretary Of the Treasury for the
purpose providing for the Sinking Fund.- and directing
the Secretary Of the Treasury not 10 purchase any bonds
Tor the reduction OF The principal Of the National debt
I'll tht turfh r Ordcr Of Congress. -,
PURPOSE obtaining expression ~ the sense OF the
Two Houses Congress upon what he considered 10 be
that H. how taxation best he reduced 80 as to re-
the people from the oppression under which they
the Government lie read from the late re
port of the Secretary or tie Treasury shoWins
the receipts OF the Government as compared with its
cypendtre- upon the present basis. Continuing his
argument. Mr. Beck said his object was 10 satisfy
the that Congress Is not under obligation 10 -
tain x- for the purchase Of bonds for the sink
ing fund lie thought he could show where s3O0OO.oO0
could be saved from tine customs service, Internal rev
cne and management of Indian affairs, bat AT present
he would cunhne himself 10 the sinking Fund. lie again
quoted the report Of the Secretary OF the treasury
t. show that the Sinking Fund now contained 0OQO-
200 In excess ~ the amount required by law for that
fund az the present time.
WALLACE IN FAVOR OF SILVER.
4 SPEECH FULL or GEyERALIrIEs, AND LITTLE Else.
Mcssrs MORRILL, tEep, VI ana DAWES
Rep Mass gave notice that they would have something
10 say about tlc resolution hereafter.
The morning hour having expired, the resolution was
Laid aside and the Senate resumed consideration OF the
unfinished business being the bill to authorize the free
coinage OF the standard silver dollar and 10 restore its
egal-tender character.
Mr. WALLACE Dem. PENN said:
There only two questions in the discussion First
Shalipold alone he the of values, shall
use botn gold and silycrl SecOnd-Sha we regulate
the value o oar coin by the commercial worth OF silver
bullion measured in gold coiu today, retaining the
relative proportions that now exist carefully Try the III
turel
The first question. ther-shan gold alone. gold and
silver BE- assure i've unhesatngly solve for the
double STANDARD, because gold cannot be siipuVdc 10
The necessities OF the people, whilst gold anu silver
Just all classes. our policy people has nitlsed
ahd maintained the double Standard Ihe CONSTITUTION
and laws up To 1873 recognize and enforce TINS policy
Decentralization Of SILVER by IA leads 10 lts total dsuse
The total disuse OF silver ~ money icduccs te measure
Of values and Increases the value Oi money indebtedness
subsidiary coinage. IL VIII give
the world scnnty, instead OF iul circulating medium
Of intrinsic value. Bulk no objection to the use OF sl
for deposit is The cost OF transportation Is based
upun the value and mot the weight.
Tire value of the dollar of 2l2 ;rans has been steady
from 1872 To 1873. II. value ~ al these years has
been iucrcrcd with by LEGISLATION II IS implied
IA word COIN. USED IN all of our statutes creating
indebtedness. Its collage wa~ suspended, not be
Jc,rgr than cold Daring all the years when
Dublic credit act OF 1868 aud the Funding act of 1870
passed, 1t was above par IN gold ana was plainly
ons 10 oar creditors that lnilhSes upon our lgA OF
mower L. retain the dOube standard. IL Is the only safe
and path 10 resumption oi specie pa! menis IL Is
most uiju,t and incqH!tapc FOR those who own
and control the measure OF values TO
seek to reduce the quantity thereof upon tue
Que Of them Those who thc debt have No night 20
age To- pay are be- consulted before ths contract is
en- ngt Are my brethren this side Of the Chamber
tex Of unlimited paper iuationi We do not want this
In Icun.y lyanii and pray 10 be relieved from the IN
Is II We clnuot meet upon lhG coui'hon tio'hu ot
Institutional money, OF gold or stNcrt Are those who
live OF the susquehanna welded to the policy OF
England III single standard lhat no uuly pi actuh Is
poSsbe Is there any SAFER ground FOR the best interest
Gent policy Of Constitutional money OF gold aud silver
oar second question is: II we return to TIE double
standard now shall we regulate the value Ol our
coin Shall regulate the value of the gold dollar
by decreasing It's weights TINS We cannot 60 with
out violating our contract made IA so ShAl we
Increase the valuo Of The silver dollar by ADDING 10 rs
weight. measuring SILVER hAIpu III EoN tpfn tuEilh
rms would be unjust .hc people, Tor " allows nothing
for the increase value of bullion resulting from IFS u>o
and functiunus money Tie law OF demand
and supply applies 10 gold AMI silver huonj lessen TIE
demand prices decrease increase The demand prices rise
our demand for coinage must Increase the value OF bu-
lion rs q commodity. AZ - TIA, law th3t mas deprecated
silver and appreciated gold LrSdlttEder iu1cuOn, or
debt paying power, adds TO tue yauc ui tt COIN. ii Is
TINS tnat gives power and value 10 paper lcgatender
our subsidiary u worth bj 80 cents rs bullion, nut
il passes as 100 GEMS England keeps IN circulation
500 900 Ot subsidiary coin 20 100 cents, whilst II Is
worth but - cents LgsA!ender power Is equal To 20
Der cent IN this Ine tEdcr Is lcaitenGer III Ger
many, the ngc-igIC piece IA krauc2; they maintain
their relative position although all other silver depre
GATES
IL Is argued that the Use % gold Ia equity compos
to ret am the same metal. Practically aud bonds
were exchanged for bonds. Gold ana coin was rarely
,,fd The creditor who gave gold took HIS Dutou