The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-30
APPEALS FOR GOLD.
Passage of the Anti-Silver Resolu-
ton in the Senate.
MORE EXCISE PETITIONS.
Agreement of Republicans TO Confirm Super
intendent Clark
ALBANY, Jan. 90. 1878

The concurrent resolution sent up from the Assem-
bly, in re the Bland bill was finally passed by the
Senate this morning after the discharge OF heavy
gun by Mr. Pomeroy anu quite voIley oil muskotry
from both sides OF tho Chamber The resolution, 1t
will be remem bered forth that the good faith OF
the nation is pledged to the redemption oil the coin
obligations OF the government in gold; that public
faith would be violated, The credit injured ana
The good name OF tho nation injured; that
debasement would unsette business, disorganze in
dustry injure labor and Indefinitely postpone resump-
lion; that any looking to the poslponement
oil resumption Is looked upon grave public calam
ity When the resolution read in tho Senate Mr..
Sessions offered 5 amendment a resolution favor
ing the Bland bill and discussion was had on that
anne ndment to-day. Tho speech made by Senator
Pomeroy was answer 10 the made by Mr.. Ses-
sions in support Of his amendments
SENATOR PoMERoY's SPEECH.
The Senator opened ny saying that he had not orgi
nally intended TO speak this subject, but the re-
marks made BY Mr.. Sessions when this subject
last under discussion called Tor response That gen
tleman had exhausted the iechnicalites OF the ques
Iion SO nothing that lett to be said lie
would therefore, address himself to the facts aud
caulties of the subject in hand While by the OF
the word "coin, he continued the statute the old
dollar OF il2Je grains was technically embraced 1t
practically coin OF the United States at tho
time OF the passage of the Legal Tender act Of
1867, and has not been since. The OF 1873. de-
monetizing the silver dollar only recognized AZ cx
listing fact-hat there such dollar coin in
and that the standard oil gold had been accepted
acted upon by the government in all transactions
snce 1862 that in tho debates In Congress
upon the creations of the different is
sues OF the war debt the words ''con
ana s'gold" used synonymous terms ;
hat the in If 10 OF
the principle upon which all the war bonds were
Issued makes the interest ana principal OF the bonds
payable in the same money-namely con-and that II
hes been universally acknowledged that the interest
payable in gold, and that Tor fifteen years all
payments upon the principal OF the debt have been
made in gold. BY the OF the legal tender note
1862 the government forced suspension OF specie
payments drove out OF both gold and silver
legal tender That at that time the Intrinsic
OF he gold ana silver coins was substantially
equal During the suspension thus equilibrium OF the
former standard COINS Of gold and SILVER mas been
forever lost. In 1873. by the Accommodation Of Inc
silver dollar, the government elected gold as
tho standard OF future payments aud of
future resumption. Now, after period OF i've
years, when depreciation oil ten per cent has taken
place IN the value OF the orne' value oil SILVER as
compared with gold 1t cannot make a new election
and substitute The deprecated standard IL Is in
law, honor and equity bound to stand IN the payment
Of the debts to the election OF the STANDARD OF gold
md that election sasln fact IL compliance with the
cola OF gold which had been the standard since the
Legal Tender act OF 1862.
FUNDING OPERATIONS ISrERFrRED WITH.
The Senator held that the real question presented
was much that OF paying tue puoilc debt, bat
OF replacing Tue SIX cent bond issued during tho
with four per cent bonds representingthe highest
rate OF interest which should bepaid Ia time oil peace,
that the only obstacle to such conversion was tc
silver agitation which was costing The government
Two per cent per annum on the entire amount OF lis
per cent Indebtedness. The senator thcn re-
err,d, u matter OF much more serious con-
to the ELECTS OF the rcmonczatIon OF the
silver dollar OF Az grams upon the general indcpi-
edncss as compared with which the mere amount oil
the naional debt triilng. This elect would be 10
scale all ndebtedness per cent and lake of the
whole profit OF the outstanding Indebtedness OF the
country. ave are egslatng Tor condition OF bust
ness, not a condition OF bankruptcy" said he. The
Senator pronounced himself Ia favor OF The permanent
'eention OF greeIbacks medium OF reGempt ION by
Tue banks ana OF eleeting the internal exchanges OF
The country the to be redeemabe IN goid Ut The
subtreasur!es and government depositoI les, with b-
erIY 10 the government to purchase silver Duon and
lss ne same as standard coin cost vaiue for
whatever amount II pleased, provided II redeemed
The same In the same inner as greenbacks IN gold
VOTE
Mr.. Sessions responded, reiteratng his former sem
nmelts and convictions on the subject and embelish-
Ing them with occasional quotations from tho Scrip
lures He called IN evidence quite n number OF dead
men, good republicans they had been, 10 support his
claims. senator Ecclesine SAID the democrats IN the
House would like to be heard OF this subject, and
would like posiponement OF the discussion until
some dead democrats could be cited 10 appear Ho
incidentally referred to the difficulty OF serving
subpenas dead democrats their present
abode. Sessions had called rhaddcus stevens aud
others down from the walls OF tho New Jerusaleml
All he amendments, Of which there were about
dozen, having been discu scd vote on the original
resolution sent up by The Assembly was taken and
resulted as follows
yEas-Nessrs Davenport, Ecclesine rdck Goebe
G9 9Sds 4s' sE Gf'T opn JsSS, iS,%
Robertson. Rockscl, 81 Jorn Turner, WaAstsG aud Wen
KAvs-yessrS Hughes, rayn. sessions.
Assert Jones, Lppt MorrIssey. Oakley, j. i.
Pierce aud Wagner
THE GovERSoR's NOMINEE.
Alter the resolution had been disposed Of the Senate
adjourned, aud the room was cleared 10 allow Tho
republican Senators to hold caucus the name of
&. Governor q "a
OF Pubic Works. The lasted about I'VE MN
utcs aud 1t was unanimously decided TO elect MIN IN
executive session To- morrow. Consequent Tins
uction II Is SAID that the Canal Committee, to whom
communication irom the Governor has been referred.
Will report Mr.. ClarR's name lavoraby and the
Senate Will agree
THE EXCISE QUESTION
Pending the approaching debates IN the Legislature
the Excise bills, the liquor question is attracting
remarkable degree OF attention all parts OF the
State IL 10 De felt, rot only IN New YORK aud
oner large cities where mobilization OF the present
Excise law is most desired but also 10 the aud
villages OF the interior, where a law which favors
inns only is quite satisfactory, that this IS
the time II ever to settle vexed question
No Issue Is made in this connection be-
tween he advocates OF TEN and iniemperanco,
rather between tcetotalcrs and tnOse VINO believe
IN the right OF men 10 indulge IN rational use OF
sicohollc stimulanis Tho advocates Of change of
the present Excise law con1nc themselves chiefly
fayiDg that inasmuch as men In large cites usually
take iher nooGday meals and, indeed, spend the
greater part OF toe day away nom their hotels ana
homes tney ought To DO endowed with the e-al right
drink their usual beverages at reputable restaurants
hnu D"' ""'c t"e "PP"Nsu'S VI any MouhS"''or
of the law appear To regard any drinking out
sice OF hotel tavern AS uppne, and, therefore,
rs rgLtCously repressed by the existing prohibition.
Both SIDES, inat Is ia say tue majority OF tue adyo-
Gates OF both sides OF the question, 10 not object 20
drinking ies, wines ana spirits, provided the drink
ing at those inns or taverns which tOwnslolk
especially deem 10 be tho nttcst iouDgn. places IA
the evening" SIN there are good many commitments
o Legislators who are sending their petitions 10 me
Assembly from The West and north, VINO nave 40 OBJ
lection 10 licensing bafrOons IA the Iowa, winch,
iney say. the welfare OF their sons Since
Inn NM and tye
tive lie OF country villages, they wish TO render II
as diiicult possible Tor young men 20 OBTAIN occa-
fonal drinks. Tor the strictly temperance people,
finding no opportunity at present TO force Their views
upon ihe legislative mind, they have resolved TO
throw their influence into the scale along WIN the o
moments OF d change IN The present law ana thus make
one move ID the direction ul tbs object they seek
ing They Therefore, cntUe Themselves ~ be spoE en-
nefIt,pns from iDhabIlauts OF tho various counties
win the same diligence displayed by tho advocates OF
a new excise law.