The New York herald., 1878-02-06


dollar consist OF 440 grains he therefore moved
amend the bill by striking out 4l2 and insor
Continuing bis argument. Mr.. Eaton said the bill
now before the Senate defective and faulty, and
ture. Catch terms about the dollar OF our fathers
violent adjectives could have no weight in this dis
cuSsiou.
CURRENCY IN THE COUNTRY.
he argued that there was suf1ciency Of coin ana
currency 10 tho United States for the transaction OF
all the busnees OF the country On the lss OF January
1878, thcre were In the ceunIry:-
In legal tendcr notes. $349 943776 90
in irsotion.l currency I7,7e4ios 90
In gold coin ESTIMATED. ............ 400OO0OO 20
nstns total Of ssS ;c 7: win SaicS q uU
sact Inc ouencss oil tho United States Al the present
.:: o. o soid @ this would be on GOLD basis more than
commercial history Of Great Britain,
eer on the Of Europe with notes Of tho Bank
oi England IN mis- pocket, could commando premium
therefor IN gold. Why was this so7 Bccausefor
than sixty years the statesmen OF England had held
TWO hundred years had proved DO rue-to w.t. that
the precious metals constituted the only saio money
of the people, ana gold was the chief thereof Gold
was the only true stapdard OF value the world over
There wAs not gold and silver enough In the whole
Of Great Britain for twenty days. II was the credit
OF that great nation which gave her supremacy among
Mr.. EAros then referred to the rscen. remarks Of
ML BECK IN regard 70 Idle money 10 the country, and
BEck In explanation Of that portion OF hs speech,
said the fact that 50 many people OF employ
ment now caused money to lay idle. He then read
from New YORK paper OF to-day the suffering IN
Ho0oken among persons out oil employ ment.
Mr. EArox-How many silver dollars worth ninety
cents to the dollar would take TO relieve those peo
pie WHOM they could not get any OF thcpf That is
conundrum. tI.augnter
THE DOLLAR ov OUR FATHERS.
Continuing HIS remarks Mr.. Eaton the cry
for more currency, but tbere great amount
awaiting circulation. Honorable Senators said, pass
n An "a ho hnyv v0tfId
heve Them. Tne dollar OF our fathers hao gono
the melting pots Of Their sons. He had heard enough
about the dollar OF fathera Now lot US have q
dollar Of The sons, silver dollar worth 100 cents
There were two classes IN the Senate clamoring
led by the Senator from Kentucky (Mr Bscgl
insisted that II would make moucy cheaper. and the
insisted that IL would equalzs tho value OF gold
and SILVER dollar, and both would be the standard OF
right but both might De wrong. He did no. oosc. 20
the coinage OF the silver dollar under proper resric
tions. bu. there could be no double standard. The
civilized world mad never seen a double standard;
such standard had been claimed, but ono metal al
ways drove the other out Of tho country.
REPLY VOORHEES,.
M EAroN then reierred TO the speech Of the
Senator IRON Indiana (Mr. voorhees) on silver
question, and said he did not auacK or srrsgn tho
motive Of any honorable Senator this floor, OF
the effects which the principles might cause
tered BY that ssnsssr would array class assins. class
and labor against capital He did not say this
va. va. . The % design Of tho honorable senator.
Oson poured into the lap Of the West,
In sreenbscks, gold or silver All they asked tho
pay ment OF the interest, and commission recently
reporting to the Connecticut Legislature recon-
mendcd that capitalists having money invested IN the
debtor might continue in POSSESSION Of his prop
erty. The North, South. East and West were
bound SoSS together Sy tho SSs1sso.on and tho
The Senator from Iudiana charged that capital was
aggressive and arrogant. He (hr. Eaton) thought IL
ike revolution. To bis southern friends be would
say, they were broken down by the ravsges Of war.
Maryland, Pennsylvania, New York. New Jersey ana
New England mad the capital and the natural advan-
tages OF the South afforded good investment Tor IT,
fear II and houorabls men would never indulge In It.
a sPBECH OF M. HOWE
. Mr. howI, OF Wisconsin, said only that sort Of
speak Immediately succeedng tho very able and
quens speech which the Senate had just listened to-
suads any one else how 70 vote; his only
object was 70 briefly explain his own vote.
regard to the psymsns Of tho ~ Sooss In sVsr and
said tho simple truth that the debt never would
% paid 10 soc Or :vsr ios the simple reason that the
must be pasa - eemmodisiss7 Hs then spoke Of the
power Of C6nesess 70 coin money aod regulate the
thai power cafefuily AID ooin the hest honey. II
the bmssaic currency was the best, as some au--
tnors satd was. then the United States had better
adops It, though other countries had other
coinage. The pending mcssuro had been stismatzod
There was . dIfereuce OF opinion AZ 10 wne.hor
we had or had not promised 70 pay
debt IN gold, and boforc he allowed himself to bo
placed IN The category OF repudiators he must be
allowed to give his Of tho contract under which
the bonds wsre disposed OF
to strengthen tho public deb and argued that II
creditor insisted upon the payment Of the bond
claim and not upon tho law o, Inc lana
He favored tho rsmoneuzltion Of silver
because . II was. was an Amorioan product, and
and prosperous. and commerce born with gold
aud silver as currency. He spoke of tho present at
semps 10 demonctizs silver as conspiracy, and said
largo part Of Europe was already In tho conspiracy.
The practical question for Congress was should tho
one, he declined II was deliberate effort 10 bias.
thirty-three per cent of the means OF our peo-
pro 20 pay .9eir % debts ne thsn referred to Tho
miliionnaircs than the East and fewer paupers as
consequence. This silver question was not issue
tween productive effort and nxod capital The simple
truth was that the people Of the West believed that
some Of the East wero trying alter the contract
made by tho government In the sale oil the bonus,
Mr.. THURMAN, (dsm.) OF Ohio, then took the floor,
with the understanding that he would proceed with
his remarks tomorrow.
Mr. TELLER, (rep) OF COL, submitted the following
That the holders OF silver bullion may deposit with tho
Treasurer Assistant Treasurer Of United states
and receive thereor certificates Of not less than
500 each computing dollar Of 4l2t grains The bullion
received may be coined By the the United
States retained In the Treasury for the payment
OF such certificates on presentation ut tie Treas.
whore is,uod. II the bullion deposited
shall be coined by tho governments such certain
certificates shall be paid In bullion Of like standard
ness weight or In coined dollars part and
part In coin at the option OF the lion
received shall bc included In the amount OF silver
80 sH coined a & zach 0.e usSs S: Of tie &
tender for tho payment Of any debts Whatever.
Ordered printed.
The Senate then, At halfpast i've p. NJ, adjourned
until To- morrow.
HOUSE OF REPRESENTATIVES,