The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-26

They could not be so paid unless the Silver bill shall
pass aud become the law OF the land He reserved to
himself the right TO consider ths subject when the
SILVER BIZ shall come before the Senate II had boen
frequently observed during this debate that the bonds
at a heavy discount compared to gold. rha,
was true. Many OF the nations OF the
world had sold their bonds NJ large sacrifice ana
the United States we're IN such straitened circum-
stances that they nad 10 do the thing This res
oiution Of the Senator FROM Ohio. no matter from
what motive II was introduced. could have. and
would have no other effect than 10 damage the public
credit and he could not understand from what motive
u was brought forward, especially when the
platform OF The republican party OF ONO. adopted
ls76, that the national honor must be mann
ara Of value. He could no, conceive how It
was possible that republican senator from that state
sucn resolution as this II he lMr. Morrill, vas in
favor oil the so-called Silver oil he could
this resolution with ITS preamble, as now drawn.
The amendments OF Mr. Morrill, was rejectcd-yoas
IA, nays IL
cHApSEs's AMENDMENT.
The question then REQUIRED amendment o.
Mr.. Chahse, submitted on the l2th OF December as
follows
That all ,ho bond. Of .as United states issued .uhor
tore reced are payaoe principal aud Interest at he
standard ssued and 20 restore
to 10 sSinas. sue. v'r com ~ esa! tender seeqaa
derogation oil the rights OF the public creditor
MI. CHArSES. Of Colorado, said he agreed with
the Senator from OHIO IN the statements
made IN the preamble to his resolution, but
the substitute winch he Mr.. Chanec) pro-
posed Tor the resolution was acCaunt OF the word
Ing Of that OF the IRON OHIO He dsliked the
latter part OF that resolution He proposed Tor
the restoration OF the silver dollar to It's u capacity
but he disked to say In resolution that tbe
why no voted 10 restore II was to pay the puplc debt
In silver dollars He would vote for the Of
silver because be believed would be beneficial 10 tho
country. However, alter the discussion bad, he was
disposed not 10 press his substitute and therefore
REMARKS OF MR. WINDOW
Mr.. WINDOW, OF Minnesota, sad ne voted for tho
amendment OF the Senator from New York (Mr
a "A a IA IN uttnm md
voted against ali tho amendments. He uow attended
to vote against the original resolution ana In dong
so he did not propose 10 indicate what would DO his
vote upon the Silver Diii Itself when IT. should
before the senate. Ho was opposed 10 this ruitlcss
where every Senator could give iul explanation his
opinion, II seemed 10 him that such q reso-
lengthy discussion on tbs hnances already held
had been injurious 70 the country. Ii Congress
had confined itself TO practical legislation instead OF
discussing finances the business oil tho country would
have Dcen moro prosperous The senate mad voted
down the amendment OF tho Senator from New York,
anu now proposed TO express an opinion, providing
the House Of Representatives would agree II. He
could not vote Tor the RESOLUTION. When the Silver
bill came before tho Senate he would vote as he
thought the true interests OF the people r,quircd
Mr. BLAINE, OF Maine, said no would vote against tho
resolution as IN his opinion 1t would not sreng
public credit tho interest OF thp public creditor
According 10 the letter OF the statute these bonds
were payable In either com; but he intended in
his humble way 10 show, he could when the Silver
bill should come before the Senate that IL was not 10
tho interest OF the United States adva nage
opposed the present Silver bill but was in favor OF
the reconciliation Of SILVER on basis which he
would have the honor to propose Tho public cred
tor could not afford TO be exempted from the general
operations OF tho bill. These were the Ia
brie why he would vote Tor the resolution, but he
would give them IN full hereafter.
Mr. SALISBURY, (dem. OF Del, said as he understood
tho resolution II was naked proposition that Tue
government had the right to pay lis bonds gold and
silver Believing that the bonds wero payable in sill
vor AS VOL as goid-and upon tho higher piano Of
equity and Justice they wore thus payabIc-he should
vntp i0r n Ha Wn mi navo mi nil raj
oution this Perhaps II would have been better had
not been introduced but, US It was before the Senate,
no must vote.
SPEECH or MR.. HILL.
Mr. HILL (dem OF Gu, said no could not vote for
the United States to-day were payable IN silver dol
lars, when there werc no silver dollars; they had
been destroyed by the government, and how could
silver dollars be paid when the debtors had stricken
them from the coinage oil the country Whether sii-
should DO restored to tho coinage OF tho country
was another question He believed that the proper
reconciliation Of SILVER would be great advantage 10
the people OF tho country at thus time An tn
proper restoration of the silver dollar TO the
coinage Of the country would result evil II would
absolutely lmpoverish the already poor and hungry
the already starving. II tho silver dollar could be
remonctizcd In any way to make II equal TO the gold
collar good thing would DO done Tor the country.
He believed that SILVER coud be mado equal value
to gold in three wayshrst by increasing its weight
second, by hunting Its coinage and, third by iinlitln
its legal tender power. He believed II would be ono
Of the greatest mistakes over made by inc American
Congress to pass the pending silver bill. He could
not vote to coin silver dollar. and again throw upon
this country adepreciaed dollar that cheated every
| thing II touched.
| MIR. EDAuyps moved TO indefinitely postpone tho
further consderation OF tho resolution.
REMARKS OF MR. GORDON
| Mr. GORDON, vi Georgia, said no might have some
thing to say whcn the Silver bill should como before
the Senate. He would vote for the preain bio and
resolutions OF tho Senator from OHIO because hc be-
eved tho recital OF the facts contained therein was
trae, and the resolutions suggested policy which no
believed 10 be honest, wisc ana just There was one
thing, however, he desired say, and that was ho
iearea the country was being led 10 expect mucn
people oil the country against such expectations,
because they would be disappointed; IL was
right sv 70 me ,s; sss SS, It c0aa
der which Tho country now suffered, his
Judgment resulted from long scries OF enac: me IL
anu false financial system. Incidentally remoneti-
cation OF silver would give some relief by cheek ing
that pernicous system or contraction when has
and will always destroy the prosperity OF any coun.
try. There another good reason Tor the rcuonc-
tzation oil silver. IL would give the distressed people
OF the country some hope, aud that was small mat
ter TO him. II would encourage people TO believe that
at last their representatives, hero had determined
call halt in that syston OF legislation which pro-
vded .or classes and not Tor the Masses Applause IN
Tho VICE PRESIDENT notified the persons in the gal
ores that # any signs OF approval or d'sapproval be
manifested tho offenders would DO arrested
Mr.. PADDOCK. trep) vi Neb., said, rs far as this
resolution WAS concerned, II was SIMPLY placing the
cart before the horse He would vote tor tho uI
monotization OF silver, but could not yoo Tor this
resolution now, before the Silver bill became law.
MIR. EATON, (dcln.) oil Conn, said he would vote 10
thought u was mIschievous.
Tho notion OF Mr. Edinunds to Indefinitely post
ponc was rejected yeas ~, nay ID
VOTE on THE RESOLUTION
Tho question being the passage Of tho reso
as submitted by Nr Matthews The 6th OF Decc M
Der last 1t was agrocd to--yeas A. nays 2l-As io-
lows:.-
ygasMessrs. Allison Armstrong. Bailey. Becs Booth.
Brnce Cameron OF Pennsylvasni, Cameron OF Wisconsin
Chahec, Coke. Conover DAVIS OF Him H. Davis ui Vest Va
,a rsn"s Dorsey Eass Ferry Gordon Grover Ter,
hhirkwood, Me.,rsery Mcdonald. McMru, Matthews.
MaNsy. Icrrimon, Morgan, usiesby, Plumb. iaasom.
salisbury. SAUNDERS spencer ieei Thurman voorhees,,
Aasc AM Withcrs--43
NAYS Messrs. anthony, Barnuui, Bayari Blaine, Burn
side, 1hrstiancy. conkiinR. Dawes, Eaton. Ecnuuds.
amn, herman, Iaianr, Mciherson. Mitchell, morrill,.
Paddock. Randolph, Rollins, sargent, Wadeigh and Win
doni-22.
In addition 10 the pairs above mentioned Mr.. Hill
announced that hc.was pared with Mr. Garland II
that ocnator was present he would vote In tho ALI
ative, ana he (ir. HlD would vote IN the negative.
The Resolution as passed reads as oowS:-
Resolved by the senate. the House OF
concufrn~ therein, Tint All tho bonds OF United
states issued authorized e. be Issued under said
Congress hcreuDeiore recitsd payable prncoal
Al na .f sho If.,.