New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-29
XLVth CONGRESS--IId SESSION.


MORRILL, OPPOSES 1.-THE HOUSE PASSES AN
ANTI-sUBsIDY AND THE MATTHEWS REsoLU-
TIONs.
SENATE. ..WAsHINGTON. Jan. %. 1873
In the Senate to-day, the VICE-PRESIDENT
presented the memorial of the California State Senate
relating exclusion of the Chinese from the United
States.
large number OF petitions presented by various
Senators FROM all sections OF the country demonstrating
against the reduction Of certain tariff duties and the
restoration Of the tax tea and coffee; also asking
Congress TO provide for commission inquire into the
alcoholic liquor traffic. Ali were referred to the Com
rDittee on Finance.
Mr. DENNIS Dem, Md presented petition in favor
OF allowing imported goods to be transported In bond
MI BECK Dem Ky) presented the petition of Ken
lucky IN OF the reduction OF the tax on tobacco.
Mr. MITCHELL Qsep, oregon) presented resolutions
Of the Legislature of Oregon, PRAYING for the sale OF
ton Of breakwator at Cape Foul weather the improve
ment OF the Willamette, Columbia and Aisea Rivers;
the opening OF tho etz Indian reservation to settle
Mr. MCDONALD Dem, Ind presented the petition Of
1soo citizens OF Indiana, favorng the repeal Of the
NJ VOORHEES, Dem. Ind.) presented petitions in
favor OF the rcmonetzation OF silver and repeal OF the
Resumption Act.
presented petitions from citizens of Oregon in favor
of tho passage of the bin for the construction of the
completion OF the Northern Pacific Railroad upon certain
zens OF Kansas the remofiezaOn OF silver and the
repeal OF the specie Resumption Act aud asking for
amendment the Constitution to prohibit States
from disfranchisng persons on account of sex.
Mr.. ANTHONY rep r. ~ presented memorial Of
the HarbOr Commissioners OF the City OF Providence
RI asking for an appropration Tor the mproyenent OF
s nafn S s s of the Federal
the principle OF the Government helping those who
helped themselves, they had already expended $780,
coo TO improve that harbor, and now needed only
small appropriation BY Congress TO make 1t navigable
Tor large vessels.
MI EATON Dem. Comm presented petitions OF the
Now-ayen Wheel COMPANY and the carriage Inanufae,
turers OF New-I1aven fayorlng the extension or the
ia lent granted James ID. Saryen for an Improvement In
carriage wheels.
Mr. BUTLER Dem, g. c. presented the petition OF
thc banks and bankers of Charleston, c. avOrng the
resumption of specie payments and opposing the re-
Mr. EUsTIs Diem, La.) presented petition of the
Louisiana planters asking Congress 10 pass levee
hill
The Iouse amendment to the bill to regulate the pur
chase Of material for m s De printing and binding
The House amendments TO the bill to punish embezzle-
ment in District OF Columbia and TO protect the
cords OF said District were concurled In, and the bill
| passed.
e,ored adversely on the petition for an investigation
IN regard 90 the sale of intoxicating liquors in the Dis
The committee was discharged rrom Its consider
Bills were introduced AMI referred as follows
Providing for the disposition OF the public timber and
bin t" amend the Army Appropriation Bill for the
fiscal year ending June 30, 1876, in regard 10 the
To repeal n the Act OF March g. 1879 for the
rank and pay Of retired Ulcers OF the Army
To establish certain postroads in Colorado.
An act 10 reimburse the OF Kansas Texas, Ne
and Colorado for expenses incurred by said states
in repelng lnvasons ana suppres ing lndln hosie;
Mr. PLUME Rep, kan called up the Senate bill
further define the rights of with respect to
entries the public domain.
Pending discussion, the morning hour expired and the
bill went over.
MR.. MORRILL, ATTACKS SILVER.
GOLD THE CHEAPEST METAL FOR THE UNITED STATES
TO PAY DEBTS IN.
The Senate then resumed consideration of the untn-
shed being the House bill 10 authorize the free
coinage OF the standard silver dollar, aud Its
lcgal-tender character.
Mr. morrill, Gep, w. chairman Of the Finance
Committee. spoke in opposition to the bill. His speech
was a long The following is careful selection OF
its salient points:
Mr. President. the bill now j;ore the Senate provides
for the resuscitaon OF the obsolete dollar Of 4121s
grains OF silver. which Congress eniombed IN 1884 by
%Xtant OF SO per cent babe long farewell to
silver. II Is 10 be- dollar made OF metal worth now fifty
value than gold dollar, and On January 81 awk-
lreeuhacks, gold being only i per cent premium, but
nevertheless. 10 be a lcgalender for all debts.
vled by contract The words seem to he apty chosen
To override aud aunu whatever now may lie otherwise
Ionse the holders of silver bullionnot the Government
the whole pcopewere to have all the profit; Of coin
no ,n ni% nave furnished the power to the enter
uri-ng operators silver either at home or abroad TO
mi me currency without limit and. amended
IMITATION Will be- secured to iull extent OF al he silver
Which may issued. FOR there is provision for
,reninr or ret tng single dollar OF paper currency.
TIE bill " 10 becomes law, must at the very threshold
arrest he sumption OF specie payments tOr were the
hli.crs OF IIed STATES notes sud ieniy willing 10 eX-
change them Tor lnuch less thdn tler present value
payment even In SILVER Is 10 be- postponed Indefinitely
For years United States notes nave been slowly climb
ing upWali' my now 'H'f are 10 lHtEe i suuich
plunge dowuwaid and In every iucOmpietd contract,
Paul IS 70 be forrordamcd Tie whole looks
To- ike a fearful assault upon the pubic credit The
many others VIII Ice large, and II thc oil. without inrtker
radical amendments. obtains the approval 81 tn Senate,
n viii give the dcatHhloV TO the cardinal pOlcy OF the
country. which now seeks large reduction of the rate
VI pyioiis 10 1863 only Ii77I3O Of United States
silver dollars coined In al our history and
rr nr none nave been in circulation except As carlos
emission OF an unlimited amount rs unlimited legal
and in The face OF large Treasury contracts under
isng statutes would be act " folly. and separated
from fraud. II seems 10 me- by partition 80 thin as
nor To be readily di,tuguishable. Any mental arth-
metic will show that we may barter our good name
without even fractional return OF profit, by ltte
con,cenceles. smartncss in the measure for paying
debts tlat will 10 plague Our country,
mol to plague the inventors.
From Whatever cause it comes depreciation and msa-
bi In the value OF silver are neNOrabe facts, and facts
more to he denied than visible eclipse OF the sun
Il may be- stou' assorted that silver Is stable ana can
not ed; meantime IL his moved ana peryersely
keeps moving, not only here ana In London but III Mex
leo and India.
been made aud wickciy repeated IN many places, that
the Coinage Act o. 1878 secretly and oidndestinely
NNh-ttSN ptui"t
tion or knowledge OF It's contents but IL to be noted
that this charge ind ITS birth aud growth after the
passage of the Act aud not until after the fall Of silver
Long II was declared by one OF the old Greek dram
ntstS that No lie ever grows DID, Ihi, one is as fresh
aud bonels at It's birth, and is Therefore, swal
lowed with avidity by those TO whom such food
sntrOus, bJ those who have appetite Tor search
INK the documents and records for facts To present the
abundant evidence showing that few laws were ever
openly proposed. year after year, ana slHlreH
understood. than rhc Coinage Act OF 1873 VIII require
hut "A II had been for years eldbOfately con-
siderrd and reported upon by the Deputy controller OF
tne Currency The special attention ot Congress was
called bill AID the report by the secretary OF lne
Treasury I'm has annual reports for 800, ISL,