The New York herald., 1878-02-06


money appreciated ts value would make the slvor
dollar consist OF 44o grains he therefore moved 10
amend the bill by striking out 4l21s and nsort
ing instead 44o grains. Ordered that IL be printed
Continuing hts argument. Mr.. Eaton said the bill
now before the Senate defective and faulty and
should not receive the assent OF the national iegisa-
ture. Catch terms about the dollar OF fathers,
violent adjectives, could have no weight In this dis
cussion-
CURRENCY IN THE COUNTRY.
He argued that there was suficiency Of coin and
currency In the United States for the OF
ali the business OF the country On the Iss OF
1878, thcre were In the country:-
In legal tendcr notes. $349 943, 776 90
In fractional currency. 177o4 los 30
In gold coin (estimated). 4000O,O 900 70
mstD to.a DsaK ~ sss, s1s; a.; Sos 90
sact The business Of tho United States AZ the present
rate Of gold this would bc gold basis, more than
history o Great Britain aud saia the srav.
eller ON the Cont Europe with potes OF tho Bank
ESssna No soa 10 as RSsk: cSIid
than sixty years the statesmen OF England hna held
fast 10 the faith which the experience OF the world for
the precious metals constituted the only saio money
for the people. ana gold the chief thereof. Gold
was the only true atandard OF the world over.
There wAs not gold and silver enough in the whole
werio, coined and IN bullion, to transact the business
Of Great Britain for twenty days. II tho credit
of that great nation which gave her supremacy among
all the nations OF the earth
Mr.. EAros then referred TO the recent remarks OF
ME BECK IN regard 10 Idle money 10 the country, and
BECK IN explanation Of that portion Of his speech
said the fact that so many people were out OF employ
from New YORK paper OF to-day the suffering
Aoooksn among persons out oi employ msnt.
cents 10 the dollar would IL take to relieve those
pie whom they could not get any OF themf That rs .
THE DoiIAs o. OUR rArxxxs.
Continuing hts remarks Ar. Eaton said the cry was
for more out ssss.
tins Silver bill and tho people would 10 relieved but
no senator had un4ertaken 10 show how II would
lteve Them. Tno dollar OF our fathers hao g0nC into
the melting pots Of their sons. He had heard enough
about the dollar OF our fstherA Now lot have
dollar OF The sons, u silver dollar worth 100 cents
There were two classes IN the Senate ciamorng
tor the restoration OF the silver dollar One,
led by the Senator from Kentucky (Mr. BecxI
insisted that II would make money oneaper. and tho
other, led by the Senator from ONO (Mr Thurmsul
nnn do. n% inc vaas o. .ns goI
value IN tho commercial world Both could not be
right but both might be wrong He did not object 70
uons, but there could be double standard. The
civilized world mad never seen a double standard;
ways drove the other out Of tho country.
REPLY TO VOORHEES,
Mr.. EATON then reerrod the recent speech OF the
Senator IRON Indiana tMr. voorhees) on the silver
question, and said he did attack or arrsign The
motive Of any honorable Senator on this noor. but Of
the ELECTS which the principles enunciated might cause
ne had the right 10 speak. such remarks were ut-
tered by that Senator would array class against class
was the oeslsn Of tho honorable senator
but such would be the effect OF hts speech.
S'a' s.an poured Of 'h: capital sa
and capitalists to-day did not ask its return
In grsenback gold or silver All they asked the
payment OF tho interest, and commission recently
appointed TO make inquiry concerning Investments
reporting 10 the Connectcut Legislature, recon-
West reduce the rate OF Interest that the Western
debtor might continue In possession Of his prop
bound , together BY % the oonsa.us,on, a @ % and The
bond Of brotherhood could not be broken.
The Senator from lud'ans emerged :ha. capital wa:
ike revolution. To his southern friends he would
MssyIaud, PennsyivsnI., New York, New Jersey ana
New England mad the capital, and the natural advan
Lot thero be NO more menace. Brave mon did not
fear II and Honorable men would never indulge In H.
ePBBCH OF NE. HOWE
Mr. AOwD, OF Wisconsin, said only that sort OF
courage born Of conviction would induce him to
speak immediately sueoeedlng tho very able and clio.
Il was not bis purpose this evening to per.
suads any one else how 70 vote; hrs only
H. referred 70 arguments heretofore made in
regard TO the payment OF Tho bonds In silver and
ssid tho simple truth was that the debt never would
De paid 10 Rolc or silver ior the simple that the
mus. Pave = hen ss spoke ot 'sS the
valuo thereof said Congress had better exercise
thai power cafefuiy, AID ooin the best honey. II
said t was then the United States had better
adopt II, even though other countries had other
81 nan n Uoso so .uns "a
There was difference Of opinion al 10 whether
We had Or had not promised TO pay our
debt IN gold and bcforo he allowed himself to bo
placed IN The category of repudiators he must be
allowed to give his view OF tho contract under which
Mr.. HOWE thon reviewed at length the acts OF 1869
TO strengthen the public debt and argued that II the
creditor insisted upon the payment Of the bond
claim and not upon tho law OF tho lana.
He favored tho rsmonetizaton Of silver
he could not egislate against It. The world grew old
and prosperous. and commerce was born with gold
aud silver currency He spoke of tho present al.
tempts demonetizs silver as q conspiracy and said
largo part Of Europe was already In the conspiracy
The practical question for Congress was should tho
United States become party to the conspiracy. For
one, hc declined II was deliberate effort to blast
thirty-three per cent OF the means OF our peo-
needs OF tho West, and said that section had fewer
milionnaircs than the East and fewer paupers as a
between the wes, the East. II was an issue be.
tween productive effort and fixed capital The simple
truth was ths. the people Of the West beloved that
made oy tho government in The sale oil the bonus, and
they objected 10 H.
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 tho Following
amendment:-
That the holders OF silver bullion may deposit with the
Treasurer Assistant Treasurer Of United states
of90o line and receive therefor certificates of less
500 esch computing dollar OF 4121 grains. The bullion
received be coined BY tho the
States retained In the Treasury for the payment
ury,, where is,uod II tho bullion so deposited
shall be coined by the government such certain
certificates shall be paid In bullion OF like standard fine
weight or In coined dollars part In bullion
In coin At the option OF the The
so received shall not bc included in the silver
to be coined each rlonth under the tie first
section OF this such ceriincaes shall not be legal
tender for the payment Of any deots whatever.
Ordered printed
The Senate then, at halEpast nve p. NJ, adjourned
until TO- morrow.