The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-01-26
PASSAGE OF THE SILVER RESO.
LUTON.

Yesterday, by vote OF 4a yeas to 22
nays, the preamble and resolution sub
mitted by Mr.. MATTHEWS, on the 9th of
December, declaring the bonds of the
government payable, principal and IN,
terest, st the option OF the United States
in silver dollars of 4.24 grains each,
passed the Senate. This settles the pss-
sage of the silver bill, but the vote being
less than two-thirds of the whole Senate
it does not ensure the re-passsge of the
bill over the veto OF Mr.. HAYES, should
he see at TO interpose one. The follow.
ing is the full text OF Mr.. MATTHEWS
preamble and resolution, as adopted yes.
terdsy. We presume it will at once 60
TO the House Of Representatives, where
It will doubtless pass without delay;
WHEREAS. By an act entitled an act
to stren gthen the public credit, approved
March Is, 1869, it was provided snd de.
clsred that the faith of the United States
was hereby solemnly pledged to payment
in coin, or its equivalent, OF all interest
bearing obligations OF the United States,
except in cases where the law suthoriz-
ing the issue OF such obligation had eT.
pressedly provided that the same might
be paid in lawful money or other
currency tLan gold and silver; and
whereas, all the bonds OF the
United States authorized to be issued
by An act entitled, "An act TO authorize
the refunding of the national debt" sp-
proved July IA, 1870, by the terms Of
said act were declared to be redeemable
in coin of the present standard value,
bearing interest payable semi-annuslly
in such coin; and whereas, sll bonds OF
the United States, authorized 10 be issued
under the act entitled, "An act 10 provide
for the resumption Of specie payment"
approved January IA, 1876, are required
to be of the description OF bonds Of the
United States described in said act of
Congress, approved July ii, 1870, en-
titled sAn sct TO authorize the retunding
the national debt" and whereas, st the
date of the passage OF ssid set OF Congress
last Aforesaid, to-wit the l4th day Of
July, 1870, the coin OF the United States
OF standard value Of that date i: :c,uded
SILVER dollars Of the weight OF 4l2f grsins
each, as declared by the act approved
July ls, 1867, entitled sn act establishing
q mint and regulating the coins Of the
United States" TO be 8 legal tender OF
payment according TO their nominal
value for any sum whatever; therefore
DO il
Resolped, by the Senate (ihe House OF
Representatives copcurrlng therein
That all bonds OF the United States; is
sued or authorized to be issued under
said acts OF Congress hereintofore report
ed, are payable, principal snd interest, at
the option Of the United States, in silver
dollars OF the coinage OF the United
States, containing 4l2s grains each OF
standard silver, and that TO restore 10 its
coinage such silver coins as legal tender
in the paymeIt OF said bonds, principal
and interest, is not in violation of the
public faith nor in derogstion Of the
rights of public Creditors.
The Senate refused yesterday to make
this . joint resolution, and therefore it
will not need to 60 20 the President for
his signature. This is great triumph
and one we hope to see Immediately fol-
lowed up BY the passage, without further
delay, Of the silver bill as it came from
the House. Let the matter be st once
settled. Uncertainty is ruin. For eight
weeks preceding the recess and nearly
two weeks succeeding it, We have
had this question discussed. 1t
has been 30 fully discussed ths.
nothing Kew remainIto be said. There
are no new ideas lying dormant and
awaiting an opportunity for expression
The time tor argument has passed and