The Osceola times., 1878-02-16

| De gettlng Dack there soon, whether thli
bill passed or not, az the interest upon oul
bonds was greater than that upon any safe
European stocks. II our bonds should bt
sent home they must find purchasers In the
United States, and suppose they should find
such purchasers, would not every one in the
land be glad that our bonds were held al
home? The English debt was held by Eng
lishmen, the French debt by Frenchmen,
and he hoped the day would come when the
American debt would be held by Americas
Our currency would continue to be small
paper money, and the problem for congress
to solve was upon what basis 1t should rest
We could not maintain psper currency
convertible at all times into coin, unless We
employed silver as well AZ gold as il, base
Unless silver should be made full legal
tender the idea OF specie payment In the
United States would soon be abandoned
| Every opponent 10 an irredeemable paper
currency and every friend OF specie cur
rency should insist upon full remonetiza,
ton Of silver II this bill should become q
law its tendency would be to put a stop to
the demonetization Of silver In other coun.
tries. Should we postpone the remonetiza.
ton OF silver until . compa.. with other
nations be made, II would never be remone.
tised. He hoped our country would be
ranged by the side Of the bi-metallic states.
Let the commercial world know that we do
not intend to abandon the use of silver
Silver was an American product. Many
millions Of dollars and thousands OF men
were employed in its production in this
country, and TO destroy or cripple this in.
dustry would be cruel and unjust. ..... Mr..
Blaine then took the aoor to speak upon the
silver bill, with the understa nding that he
would proceed with his remarks tomorrow.
..... The senate then went into executive
a..A rko, ii
journed.
In the houre, on the 9th, Mr.. Peddie
offered resolution, lecitipg the trade dollar
as being refused by the postoffices Of the
country, and only received by merchants at
q discount Of eight or ten per cent and
directing the secretary OF the treasury to
stop the coinage Of the trade dollar. He
thought the government should not issue a
coin it would not receive. Mr.. Bright-You
have nothing to do but remonetze silver,
and 1t will be all right. The resolution was
referred. d......Ms Stephens offered resolution
authorizing the president to invite an int r.
national monetary commission to consider
aud recommend uniform rate in the value
......Mr. Muldrow, Of Mississippi, introduced
bill making the department of agriculture
an executive department. Referred.
In the house, on the 7th, Immediately
after the reading Of the journal, the house
resumed the consideration of the contested
elected case Of Wiggington vs. Pacheco, from
the fourth district Of CaFfornia....A reso-
luton, reported by q majority of the com.
mittee, declaring Mr.. Wiggington, the con.
testant, entitled to the seat, was adopted
yeas, 1856; nays, 125..... Mr.. Durham made
an Intellectual effort to go into COMMITTEES Of
the whole on the military academy bill, but
the house preferred to adjourn, and did so.
Adjourned.
In the house, on the 9th, consideration
was resumed Of unfinished business, being
the silver bill, and Mr.. Hill made speech.
mfr. Sapp introduced bill to aid in the
construction Of railroad from q point on.
po.ite Memphis, On the Mississippi river, TO
Jefferson, Austin and San Antonio, Texas,
and thence to point at or near FL Paso.
Referred ........M NJ. Bright, chairman of the
committee on claims, reported a bill appro-
priating $132,617, for the payment of claims
allowed by the accounting officers of the
treasury. Passed 1.-The house then went
into committee OF the whole, Mr. Yeates in
the chair, on the private calendar. The frst
bill taken up was one appropriating SIS, ,430
to pay w. ii: Newman and l.. A. VauHoff,
man, of New York, in full compensation for
the use OF the Pioneer mills in Alexandria
by the United States authority during the
late war. The bill was advocated by Messrs.
Hunton, Finley, Robinson Ind.) and viii
son, and opposed by Messrs. Jones (Ohiol
and Conger (Mich). The discussion was
closed with an argument BY Mr.. Tucker la
favor of the dill. The committee then rose
and reported the bill to the house with
recommendation that II do pass. The hill
was reiected-yess, "a; nays, 100. The
affirmative vote came principally from the
democratic side and the negative from the
republican side, but there we're few excep.
tions to the rule on both sides. Adjourned.
SENATE
In the senate, on the 4th, a great part
Of the morning hour was taken up in the
presentation OF petitions frsm all parts Of
the country, most of them demonstrating
sgainst changes in the present tariff duties
and the restoration Of the tax on tea and
coffee, all Of which were referred. Other
petitions favoring the organization OF de.
partment Of industry, the head thereof to
be cabinet officer, were presented and re.
ferred. 1.-THE following bills were intro.
duced and referred: BY Mr.. Spencer-1o
incorporate the National Pacific railroad
and telegraph company BY Mr.. Saunders
Supplementary to the joint resolution in
relation to the Paris exposition.... At the
expiration of the morning hour considera>
ton OF the silver bill was resumed and Mr..
Beck submitted an amendment directing
the secretary of the treasury TO purchase
from time to time silver bullion, not less
than three millions worth per month, or as
much more as can be coined at the mints of
the United States the United Shtes to have
the benefit OF the gain or seignorage; pro-
vided. that whenever the market price Of
silver bullion Is such that II cannot be pur-
chased at less than par in legal tenders, he
shall give notice Of the fact, and then any
citizen of the United States owning bullion
may deposit the same at the mint aud bave 1t
coined. The amendment further provides
that subsidiary coinage shall contain the
same relative quantity Of pure and standard
silver as the silver dollar. Al er Mr.. Beck
explained his amendment briefly Mr.. Bayard
spoke in opposition to the bill. Adjourned.
In the senate, on the 9th, Mr.. Beck
presented memorial Of the state Of Ken.
lucky, signed by the governor thereof, ask
ing congress TO make an appropriation to
pay the balances due 10 that state for ex.
penses incurred In equipping troops during
the late war. Referred. At the expiration
Of the morning hour the onsideration Of the
silver bill was resumed and Mr.. Eaton spoke
in opposition thereto. Adjourned.
In the senate, on the 7th, Mr. Davis,
Of Illinois, called up the senate bill 10 remit
the taxes on insolvent savings banks Pend
ing the question, being on amendment pro-
viding that no savings banks having NO
capital stock shall. on account OF mercantile
or business deposits IN which no interesth has
heen allowed, be denied exemption allowed
to savings banks having no capital stock,
and II was agreed to-yeas, 2S; nays, "a.
The bill was then read the third time and
passed -. :. Consideration was then resumed
Of unfinished business-the silver bill md
Mr.. Blaine spoke thereon. Adjourned.
In the senate, on the 9th, Mr.. Haund-
srs called nm iis euppleme ntarv ioint reso-