The New York herald., 1878-01-11
THE SILVER QUESTION.

RESUMPTION OF THE DEBATE IN THE SENATE
SPEECH OF Mr. BECK, OF KENTUCKY.
WASHINGTON, Jan. 10, 1873
Tho Senate to-day resumed consideration of Mr..
Matthew'S resolution declaring the right OF tho gov
ernmcnt pay interest and principal of It's bonds
In silver and was addressed by Mr.. Beck, OF Ken
lucky He SAID, he Understood the resolution and
preambc iJ IN cant the government had tho right to
pay It's bonds siver and the facts set forth the
preamble being II was the duty OF tho Senate to
pass some bill restoring tho silver dollar ol 4l2G
grams to tho position II occupied prior 10 tho act oil
1873 demonetizng It, Ho did not favor the Bland
Silver bill as IL came from the House OF Rep-
rcscn,atives, and thought tho Senate Commit
tee on Finance did right in striking out OF that
bill the clause allowing owner OF silver bullion To
depos,t tho same at any United States coinage mint
or assay oico be cotnod into dollars for his benefit
upon the same terms and conditions gold bullion
is deposited under existing laws Germany had de
monotizcd silver there hundreds OF millions
of dollars worth OF for salo reduced price. Had
that prov sion been permitted in the House
bill the q Gernan government might send silver hero
worth SAC 900 900 receive $50 0U0,0O0 Tor IT, lie
review ed some length the financial Legislation of
Congress, and sgid he believed the ucts striking
the silver dollar from the coinage OF lhe country
declaring SHOULD not DO legal tender were vicious
and un, Institutional The effect OF these acts
take away rom the people oil this country onc-haf Of
tho inca us they had TO pay their debts with. lie ar.
eucd that silver the coin OF the country before the
consultation itself was adopted.
THE CoiS THE COUNTRY
lie replied 10 tho rgumcnt heretofore made BY
those opposed 10 tho rcmou citation OF silver TO tho
effect that had been the currency oi tue
country and said, up 10 lSsg until tho discovery OF
gold in California silver the coin OF the country.
There never u gold dollar coined before
lSlg. All tho statements that silver was not
coin OF tho country were delnsye Tho United
states carried with Great Britain with silver
us money They carried war with Mexico with
itas money. They acquired great portions oil territory
while avcr standard oi value, anu II was not
until got mo the last great war that silver
pudiated.
TIIB LEGAL TENDER ACT.
lie then referred to the Legal Tender act OF Fcbru-
airy TO- 1862 and SAID II VAS Unconstitutional The
aDiu argument Of Hon. jacob Collamcr, vi Vermont,
against the cvn5tit tutonaGy vi that bill had never
brcn answered. Although that act was uncobstitu-
toDal he or. BcckI dd not propose TO violate IT.
lie would use tho paper currency OF tho
government and tnus make 1t valuable by
inauguratsd by u commission which was IDnnitcy
worse tnan the Legal Tender act, did not mean
10 OBEY lhC Laws OF that administration bo-
cause IL was thus inaugurated lie believed 10 nam
tanning the national Iaitn. Senator should Iooh TO
The faith OF the country as he would look 10 his
honor; but at the some time the people should
deprived OF their legal ana constitutional rights lie
C the bonds that they should be paid coin OF tho
standard OF value Of July ii, 1870, ana that tino
| both gold and silver was the coin o the country
OUR RELATIONS WITH ENGLAND.
lie then referred to tho action OF England in
| nonotizIpg silver, and said tIat country had been