The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1878-01-26
Senator Lsmar's Speech in
Opposition to Matthews
Resolution.
He Does Not Believe Congress Uan
Wisely Rem0aetizs SILVER without
the Cooperation OF the Na-
ti0ns Desiring IL.
II the United States Remonetized Alone,
the Effect Would be to Drive the
Gold In this Country Far Beyond
Our Limits Forever.
He viii Vote Against tue ResoIBsfaa |
and the Edmonas Gold Amend saens |
Thereto.

WASHINGTON, January GA large
number of petitions were presented by
senators, from working men in vari,
Gus parts OF the country, remoDstrat-
ing against the reduction of duties on
certain goods, and restoration OF the
duties on tea and coffee. Referred to
the committee Oh finance.
There is q heavy delegation here In
opposition to Mr.. Waddels bill for the
western judicial district court OF North
Carolina. The Judiciary committee of
the house will give them hearing
to morrow. Colonel Reeves will be
spokesman Ia behalf NJ retaining the
court.
The committee on appropriations
heard Secretary Schurz aud his depu-
ties against General Hooker, OF Mis-
sissippi, aud James, of Alabams, in
behalf of the loemen of the o. nth anu
southwest. The proposition was to
appropriate money to enable Sehurz to
continue the prosecution of the log
men, Hooker and James eontending
that the action of Schurz and his
agents, IN the gulf states, was Illegal,
harsh and oppressive.
House-The bill to amend the
steam boat law was discussed and some
progress made on it. L was then laid
aside in order to hear the eulogies on
the late Senator Bogy, of Missouri.
Senate - several confirmatious of
little general aud no southern impor-
tance.
Col. Bob lngersol argued before the
sub-commi tee on ways and means
against the tax on savings banks He
said If the government required in.
creased revenue from banks let it be
raised by tax Oh the profits.
The senate Resumed consideration
ofuptiaished busines ., being the reso-
luton of Mr.. Matthews to pay the
priueipa! aud interest OF bonds in
silver.
Mr. Coekreli, of Missouri, continued
~.
Mr.. Blaine introduced Till author
izing the coinage of the silver dollar
and make the same legal tender, IL
was ordered printed aud TO lie on the
table for the present.
The Blaine bSi makes the silver
dollar legal tender in common with
gold coin for all sums up to and in.
Guiding five dollars, and for all sums
exceeding Ave dollars the debtor shall
have the right to tender and the
creditor TO demand one-hslf of the
amount in gold coiuiand one-half In
silver coin.
The senate exhausted the day OH
finance and have agreed to exhaust
themselves to a vote on Friday.
WASHINGTON, January 2i.-Senate
A large number of petit ons were pres
sented in the senate duriIg the morn
ing hour from sil psrts of the country,
favoriDg the appointment of com
mission of inquiry concerning the aIco-
holic liquor traiii., all of which were
referred TO the com mittee on finance
AT the state dinner to day. President
Hayes handed Mrs. Waite aud Colo
mel Bristow, OF Kentucky, handed Mrs.
Hayes to the banquet.
The Judiciary committee will present
an elaborate report by Its chairman,
Representative Knott, of Kentucky,
in the case of Smalls, member OF con-
gress from South Carolina. The report
holds that bis privileges do not shield
him from the custody Of his state un.
der the charge OF felony.
Hoase-The steamboat biil occupied
the house, and progressed AS far ms the
last paragraph.
senate-hr. Lamar, of Mississippi,
said he would vote sgaias, the resoiu
ton Of Mr.. Matthews for the pay ment
OF the bonds principal and interest in
silver, and also the amendment there
to Of Mr.. Edmund's to pay them in
gold, because he believed they did not
set forth fairly and fully the true
issue. The senator from Ohio, Mr..
Matthews, had argued that the act OF
1863 to strengthen the puaIie credit
was passed on account of the appre-
tensions that the principal Of our pub.
lie debt was payable in iegsistender
notes. Ia his; tMr. Lamar's,3 opinion
the argumsnt In favor ofthe right of
the government to pay the bonds in
greenbacks at that time WAS stronger
than the arguments now addressed to
the senate in favor OF the right of the
government to pay the bonds Ia silver
coin.
BY the law OF the land, this green
back currency was elevated ut that
time as full legal-tender for every
thing, exeept custom dues aud interest
on the puoiic ,ie',., aud silvsr new is
not a !egai.ienars. lie concurreu in
the opinion that in 1879 the bonds were
Epayabie in greenbscks, according to 4
literal construction of the contract.
He did not believe IL was wise, poli-
tic or statesmanlike now for the houses
Of congress, in advance Of any iegisla-
ton, to proclaim their position upoa,
this sweeping and radical revolution
In our financial system, He believed
there was more than one method oi
remonrtizing silver, SO 40 to place that
metal upon . solid foundation As pari
OF the cnrrency OF this coantry. He
believed it could be done by the CO.
| operation OF all those nations which
deeires to remonetize It. He believed
> ratio between the two metals could
be fixed % ~ TO answer Ill the require.
innnts Of trade and business, but shere
must De cooperation. The United
States could do nothing solitary and
alone to restore The silver dollar 10 the
sssvice Of the world. II vs. aai asini,
lrabls abjset, but be did nos bslisys thS
Hand slivsr Osll would accompl5sh Il,
dcubis standAFd. II psculisr ss4m6ni
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