The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-15
CONGRESSIONAL PROCEEDINGS.
The senate.

CONGRESSIONAL PROCEEDINGS.
The senate.
WASHINGTON Feb A.-The Chair laid before
the Sennte O communication from tho Secretary
OF the Navy, transmitting q report OF the court
Of povFy the Huron dsasep Tho
farmers OF Louisa county, w. asking redne-
tion Of the tax on tobleee, and took occasion to
ana ana unnesrtaintes nt had n On effect to paralyzs
trade by causing purchasers to await fluaI ae-
ton by Congress. .,,.,
from different parts OF Now York. asking the
remonet,zation OF silver and the repeal OF tho
resumption act. .s
Mr.. Wallace introduced. bill in relation to
the Jananes indemnity fund.
Mr.. Grover presented q bill for the survey OF
the Missouri and other rivers with q View to the
Mr.. Voorhees, offered d resolution desiring the
Committee on the Judiciaryto to. inulire whether
and Missouri, authorized by tho thirty ninth
Congress have been based upon Indian lands
and that tho committee have power to send tor
On motion of Mr. Morrill, tho Senate resumed
the consideration OF The House resolution do.
el,aring i inexpedient to reduce the tax on dis
Mr.. MeCreary said he had asked that the bill
might go over from yesterday. ester, ne had i done
% IL sbs IN a Mo 70 besSsd
should be reduced, had said that troy W. re
afraid II he spoke somebody would be hurt. He
did not. think himself likely to hurt anybody.
but at their suggestion that It was for! he inter-
ests Of the manufacturers hs would forego his
remarks. although he could never see how 1t
The resolution was passed by 40 yeas 70 nays.
Mr.. Ferry, OF Miehizan, called up and the
Senate considered the bill regulating the com
pensation of postmasters but pending its con
sideration the morning hour expired and the
Mr. Jones, OF Nevada, then addressed the Sem
To in n nj the al vpr hill He mpipthin ad
the equity OF the RECOMMENDATION of silver. and
paid the question Of the duty Of the government
Ito maintain invhriability In the commercial
value. or purchasing power OF coin was not 2
raised until the purchasing power Of metallic
money manifested q Decreasing tendency. and
was never raised except by the creditors. bond
holders. annnitants and income classes OF the
world. It was not raised By the business and
| debtor interests.
| of metallic money. gold and silver, rose fully
1a5 per cent, there was no claim that It would be
mously appreciated. The doctrine that the
government should guarantee the uDchangea-
be. value Of metallic money, as well us, Its
| time when the sudden food of gold from Cali
fornia and Australia had begun to make itself
manifest in reference s to the decline r. rs, silver
made commodity. especially since 1879. silver,
instead Of becoming. less valuable, had in
kinds Of property; that both gold and silver
have gained in purchasing power. and that
silver only seems to have fallen In value. be-
cause it has not risen to rs great an extent as
gold.
He went into q very elaborate, explanation OF
the mnrkets, OF the world, and especially the
markets in India, to show that the purchasing
power of silver had not deprecated. but mate
rally eciated since 1873. He next proceeded
land sm had Ian any a silver to spare and That there wa was
no danger Of q food Of silver pouring into the
country II remonetzed as proposed by the. bill
i Mr.. Jones then asked the forbehranee Of the
Senate while he made allusion to matters per-
sonal TO himself. and OF special interest to his
State. He said 1t Is certainly not my wont. nor
agreeable to me- to obtruda my private affHirs
4 upon the attention OF the Senate or the public
but am advised by those whose Judgment
hold IN high esteem that II = my duty to notice
4 Ithas been widely iters ted that have special
interests + to be subserved by remmonetizing n n s,l.
sordid and ignoble mot ives. It Is not needed
to give my constituents assurance that these
!, charges are false. The people who honor me
ed such charges with the derisive scoTn such
slander merits. and whatever may be the con-
ict OF opinion on the Pacific coast as to the wis
dom, Of my COURSE I am proud to say that de
: not believe there Is among them q man ol
woman. OF whatever shade OF political faith. WHIT
would aspsrse me with dishonorable motives.
thing M relating to me- could 3epn be Of the sig siebtes
pgblie interest n except IN 80 o. far % as It nigh M
is the universal wish to see maintained unsul
lied. have not been unobservant OF the efforts
, to create a general public impression that IL
, advancing the rehabilitation Of silver. an con
! troiled by unworthy and sinister motives. no
, am insensible to the labored endeavor to dis
parage my action by It's repetition.
In the summer OF 1876. law was passed her,
to substitute $50 100000, of subsidiary siIve
!, coins for the fractional paper currency. Th
direct effect Of that law was to. make the gov
ernment q large purchaser Of silver bullion
and consequently to maintain or advance it
price. Had | no other motive in advocating tn
resolution Of silver than that its value might b
| GhnulG pprtaiDly n
that law. l. however. voted against it. because
believed. as / stated, that that sort Of o schem
would In no wise relieve the wants Of the co IN
I. try. or remove the pail OF doubt and uncertain
: ty which now hangs over 1t. The statement
Z made that i am one of the owners of thos
fruitful, properties. known as the "Bonanz
. Mines, and that my personal gains would b
/ directly and immensely enhanced by the re
monetization OF silver.
To this now proceed to make specific repl,
never had any considerable interest in tn
,, Bonanza mines, and the little | did once hav
has long since been disposed Of. The fact l..
9 have had no connection with productive slve
:, other than occa5ionat unimportant transaction
Q in stocks in San Francisco. by my agent on
J. account. SO inconsidetrabls iGt that did not kee
constituents and to all others who have know
edge os my affairs.
| do own stock In one OF the very large nun
q ber OF non-paYing mines on the Comstock lod
Z This mine ceased to be productive more tina
q three years ago; and = vast amount Of none
Il has been expended by its stockholders to carr
y ON the. extensive exploitations coptinuonsl
> | made since that time. That it ever viii agai
become q productive mine Is a matter only
hope. have no In estment in productive si
q ductive silver mines q much less extensir
d than in mines hich produce gold exclnsivel
n Each and ey ry statement to the contrary d
K clare her. in this presence. to be utterly ar
J. / advocate the remone'ization Of silver b
:; cause both justice and exDedieney demand
fCrr hnan Iynr, rs q