The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-06
Home of Keprc.entntIyes.

Mr. Mnish Dem. paA offered n resolution
rccitinE that. while tho Union Pacific and Cen
trail Pacific Railroad Companies owe the United
States s2s 0O0O 0O Of accrued interest on bonds
guaranteed 10y the United States. their earnings
have been consumed by dividends declared on
capital stock in violation Of their charters and
directing the Judiciary Committee to report
whether IL il eSpcdiont 10 prohibit hy law the
payment 81 dividends until the indcM"dn'ss 10
The United States is liquidated. heisrrcd.
Mr. Grape rep. Mass reported bill author-
i,inE any person or persons having chiih
against the balan'" Of the Chinese indemnit
fund for losses sustained Ivy the plumber OF the
bark Caldcra in 1854. to begin proceedings IN
the United States Court of Claims within The
Mr.. Garfield tRep.. chiol snid thnt he had al
ways believed the United States ought To pay
the balance back To China. He felt ashamed
c cre Ynnd r ,ho"snnds 81 dollars in the State
Deparimeniihai did net belong 70 this eoaniaS;;
was being thoroughly considered. A., a.
field. and snii that this bill would remove the
only known claims against that fund. The bill
Mr. Kelley Rep Pa took the floor by unani-
nous consent and made a sl"'"ch on IN" re-
sumption question. He denied the truth Of Mr..
Gurii.d'r statement that 1SGO WIS =. year -
peace and prosperity. In reply u Mr.. farn"id 5
a~srrtion that no President or statesman ind
favored any money Int standard Eo,d ana 81,
exceptions. and that Alexander Hamilton had
favored resort t. greenh@eks under tlin nainc
- Treasury notes. The greenhack cur
roncy was moi forced loan; bad Gar-
a.id described II a. such in lsh2 the
assertion would have been denounced ~
iho hissng OF a yenomouer coprerhead
! With eos. 900 900 ~ gold in the Treasury. with
| mono in the hands " the people, aud Win
| $500 900 600 TO be redeemed. Tie Resumption
| net was a measure Of insanity The enforce
| ment 81 il was driving III" people 10 paul"risn
| 10 luna'y. and 10 suicide and was creating
| moneycd olicnrchy. whose wealth, compared
! with the body ~ the people would be greater
| than that of tho moneynd oiigarchy 81 England
| Irstrnd " business r-viVing every where. lII'l'
| continued To shrink. wage 10 iull. "npioNmrh
! for for skilled or unSkiled labor h"'ain'
| moro ,iifncuttO obtain. This would continn'
| and grow worse from month 20 month until tina
| uleri go Ia confidence. tho Resumption a'. wa
| repealed The silver bill WINS an act ni !u-'l e"
M of relief Its good influence could not 10
I'm appreciahly until restored confidence shouh
Justify an enlargement OF the circulation g.
money and credit Bonds had not fallen NO
r.,ll i-cu since IL passage over IN" linpNi'l
veto Its enemies had been coniound"d 10y eN
pcrirnce: aud 49, too. would IT, friends be II ~
! itn~umpiion act wsrc permitted longer 10 dls
! grace ;hc statute book. - 80
" non the committee rose. Mr.. Fort lRep,, III
| introduced hili To authorize the preparation
.ino or standard silver bars OF the Nalu" .
500 and II 900. the deposit of the sam" ~ u
United Stnies Treasury. and the issue oil &C
tlNratcs thereon Referred.