Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1878-01-24
THE CONCENTRATED WIS.
DOM AT COLUMBUS On
TIL f ANCESTRAL
DOLL AR.
Resolutions Demanding That il
Be Restored Right Away.

Resolutions Demanding That Ii
Be Restored Right Away.
From Cincinnati Gazette 18th inst.
The special committee to whom Hr. Bohfs
silver resolution was referred presented mi
nority and a majority report, the majority re.
port being in favor of q resolution reading as
follows:
JOINT RESOLUTION.
"WHEREAs, Congress passed an act, COM
monty known as ''an act to strengthen the
changing 81, 500, 600, 900 Of $40 bonds from
time, included both the precious metals, gold
and silver; and,
'WHEREAs, The said Congress, in 1878, by
an act stopped the coinage If the silver dol
lar, and, in 1874, in revising the United
States statutes, demonetized silver, thereby
cndeavoring to make the national debt paya-
ble in gold, thus taking from the taxpayers
of the country many hundred millions of dol
lars, for the benefit of bondhOlders and capi-
talists of this and foreign countries; therefore,
''Be ii ResdlUed By the General Assembly
of the State of Ohio, That all the bonds is-
sued by the United States Government, are
payable, principal and interest, at the option
of the United States Government, in silver
coins of the coinage of the legal standard of
the United States, as it stood in 1870, and
that to restore to its coinage such silver coins
ss a legal tender in payment of said bonds,
principal and interest, is not in violation of
tine public faith, nor infringing on the rights
of the public credit.
'tReSolced, That common honesty, true g.
nancial wisdom, and justice to the tax payers
of this country demand the immediate restora.
ton of the silver dollar to its former rank as
legal tender for all debts, public and private.
''ResOIred, That President Hayes and Sec
retary John Sherman, in their opposition to
the restoration of the silver dollar, do not
represent the views Of nor the wishes of the
people of the State of Ohio on this vital is
sue, as is shown by the passage of resolu-
tien of the Sixty-second General Assembly OF
Ohio, in its regular session of 1877, asking
Congress to restore the said silver dollar,
with only three negative votes in the House
of Representatives, and but one in the Sen
ste, and the passage of bill by the House
of Representatives of Ohio, at the same ses-
sion, making silver coin legal tender for all
debts and demands throughout the State OF
Ohio, in conformity to the universal voice ol
the people of Ohio, irrespective of party.
"RssOlped, That we approve of the BLAND
silver bill, passed by the Lower House ol
Congress, and that our Senators in Congress
be, and they are hereby, instructed and our
Representatives requested to support sale
bill, without any amendments limiting fret
coinage.
..ResOlped, That the Governor be re
quested to transmit forthwith copy of thest
resolutions to each of our Senators and Rep
resentatives in Congress"
MIR Oglevee presented the minority report
signed by himself only. 1t excludes all refer
enee to the act of 1869, and narrows the mat
ter down to the simple proposition that ths
bonds are rightly payable in silver, in thest
words:
'tResOlUed, By the General Assembly O.
the State of Ohio, That common honesty t.
the taxpayer, the letter and spirit of the con-
tract under which the great body of its in
debtedness was assumed by the United
States, and true financial wisdom, each ant
all demand the restoration of the silver dol
lar to its former rank az lawful money"
Mr. Oglevee defended his view on th'
ground that the act of 1869 had been votel
on five times by the people, invariably sup
ported, and therefore settled afArmatively, i
anything could be; the silver matter was al
open question, and therefore one ON which i
was proper to give instruction.
Mr.. BOIL replied with spirit, and in goot
voice; his matter, however, was the same olt
slang about "bondholders" and ''moneycrats'
which we have heard for ten years past. Fl,
reviewed all our financial history, repeating
his stale and oft exploded statement that tn,
coin act of 1869 ''added $500, 200, 900 to tn
debt" etc. His speech was noteworthy a
showing how fast and how far the Democra
ey of Ohio have receded from their bris
spasm of hard money sentiments few year
ago.
After a savage communistic speech by Mr.
Sturgeon, of Toledo, and argument by tn
others, the House rejected the minority sub
stitute by party vote. Messrs. Oglevee
Dalzell, Townsend, and Thorpe, Republicans
won high hoHors in this debate. The Repub
licans expressed themselves in favor of tn
silver dollar, but opposed to the preamble
Mr.. Thorpe moved to strike out all but th,
resolution indorsing the Bland silver bill. Re
jected.
! Mr.. Morton moved to strike out all tina
part Of the third resolution rejecting ol
Hayes and Sherman, and reciting the actiol
of the last General Assembly. This wa
sharply debated, and then withdrawn by Mr.
Morton.
Mr.. Foster msved to add the words: 'tEx
cepting the bonds, when an especial agree
ment has been made to pay in gold" Reject
ed, all the Democrats voting in the negative
The vote was then taken separately on eacl
resolution by yeas and nays.
On the first resolution all the Republican,
voted nay, except Kerr, Scott, Perkins, an,
Carpenter; all the Democrats aye.
On the second resolution both parties vote,
yea, except Conkright, Covert, Edwards
Herrick, and Thorpe, who voted nay.
On the third and fifth resolutions all tn
Democrats voted yea except Meuser, and al
the Republicans nay. Mr.. Norton len tn
ball and did not vote.
On the fourth resolution all the Democrat
voted yea except Meuser, and all the Repub
lcansnay, the vote standing 65 "a.
The preamble was taken without objectio
on the part of the Republicans, which excite
same astpnishment.
etssGS
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