Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1878-02-16

7 q 'uI lHfOf nOWt Again. II ndu Uetu ttEueu
I tnat our cr5ai. world he destroyed. How
destroyed-by us paying our bonds a. we
promised to pay them? The United States
needed no such prop as single gold stand.
ara to support its credit. The resources Of
this country were too well known for her
credit to be injured. lie ionged to see our
I indebtedness held Mt home and not abroad,
10 there would be no annual drain upon
! America t" enrich Europe. 4 ttleglam this
morning informed us that six hundred thou.
sand dollars worth of our bonds were on
their way home from England. They would
be getting back there soon, whether tins
bill passed or not, as the interest upon our
bonds was greater than that upon any safe
European stocks. II our bonds should be
sent home they must hnd purchasers in the
United States, and suppose they should find
such Purchasers, would not every one in the
Tland be glad that our bonds ware held AZ
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 Americans.
! Our currency would continue to be small
! paper motley. and the problem for congress
to solve was upon what basis it should rest.
We could not maintain paper currency,
convertible at Ill times into coin, unless we
employed silver as well as gold as it4 ba-c'
Unless silver should be made full legal
tender the idea OF specie payment in the
United States would soon be abandoned.
Every opponent to an irredeemabIe paper
currency and every friend Of specie cur.
rGncy should insist upon full temonetiSa>
ton OF silver. II this bill should become a
lav its tehdehcy would be to put q stop to
the decentralization of silver in other cOin.
tries Should we postpone the remonetiza,
ton Of silver until compact with other
nations be made, it would never be remone.
tized. lie hoped our country would be
ranged By the side OF the bi-metallic states.
Let The cOmnerclal world know that we do
not intend 10 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 hoor to speak upon the
silver bill, with the understanding that he
would ptocBed with his remarks tomorrow
.... The senate then went into executive
session, and when the doors reopened ad
journed.
In the house, on the 9Th, Mr.. Peddit
offered resolution, leciting the trade dolla
rs being refused by the postofices of thu
country, and only received by merchants a
a discount OF eight or ten per cent, ane
directing the secretary Of the treasury t
stop the coinage of the trade dollar. II,
thought the government should not issue
coin it would not receive. Mr. Bright-So
have nothing to do but remOnetise silveS
ard it Till be ell right. The resolution wa
referred. ..... Nj, Stephens offered a resolution
authorizing the president to invite an inter
national monetary commission to conside
and recommend uniform rate in the valu,
Of the coinage Of gold aud silver. Referred
.o"M Mr. Muldrow, of Mississippi, introduced
a bill making the department of agriculture
an executive department, Referred.
In the house, on the 7th, Immediately
after the reading Of the journal, the hous,
resumed the consideration of the contested
elected case of Wiggington VS. Pacheco, from
the fourth district Of California..,,A reso
luton, reported by q majority OF the com
mttee, dEclatDg Mfr, Wlggington, the con
testant, entitled to the seat, was adopted
yeas, 1885; nays, l25..... Mr.. Durham mGd
an Intellectual effort 70 go into committee o
lllI MIlUlt Ull tlB lllllAuIg uIdutulN plll, Du
} the house preferred to adjourn, and did so
Adjourned.
In The hou e, on the Sth, consideration
WAS resumed of unfnisht d business, beinj
the silver bill, ard Mr. Hill riade Il speech
mfr. Sapp introduced bill to aid in tn
construction of railroad from point op
poSite Memphis, on the Mississippi river, t.
Jefferson, Austin and San Antonio, Texas
and thence to point at or near FL PasO
Referred mir. Bright, chairman of tn
committee on claims, reported a bill appr0
priating SI32 26l7, for the payment Of claim
allowed by the accounting officers Of tn
treasury. Passed The house then wen
into committee of the whole, Mr.. Yeates il
the chair on the private calendar. The frs
bill taken up was one appropriating $lS,43
,, to pay w. II. Newman and L. A. NauHofi
man, of New York, in full compensation 70
the use of the Pioneer mills in Alexandra
, by the United States authority during tn
late war. The bill was advocated by Messrs
Hunton, Finley, Robinson (lnd.) and vii
son, and opposed by Messrs, Jones :(Ohio
and Conger tMiehl. The discussion wa
closed with an argument by Mr.. Tucker Il
favor of the DILL. The committee then tOs
and reported the bill to the house with
RECOMMENDATION that il do pass. The bill
! was rejected-yeas, "a; nays, 100. Tn
! affirmative vote came principally from III
democratic side and the negative from th
republican side, but there were few exceI
tions to the rule on both sides. Adjourned
In the house, on the 9th, the sessio
was for general debate only. Mr., Hewitt, c
! Alabama, occupied the chair, There was
2 very small attendance OF members.
7 SENATE.
In the senate, on the 4th, a great pal
of the morning hour was taken up in tn
, presentation OF petitions from all parts {
the country, most of them remOnstratin
> against changes in the present tariff dutit
= and the restoration of the tax on tea an
9 coffee, all of which were referred. Otht
4 petitions favoring the organization of d
!. partment Of industry, the head thereof
n be cabinet object, were presented and r
. ferred .... The following bills were intr,
y duced and referred: BY Mr.. Spenter--T
u incorporate the National Pacific railroa
4 and telegraph company By Mr.. Saundel
- Supplementary to the joint resolution
a relation to the Paris exposition. At ii
a expiration of the morning hour consider,
y ton Of the silver bill was resumed and NJ
4 Beck submitted an amendment direct1
4 the secretary OF the treasury to purcha'
a from time to time silver bullion, not le
! than three millions worth per month, or
> much more as can be coined at the mints
a the United States the United States to hay
h the benefit of the gain or seignorage; pr,
:, vided, that whenever the market price
- silver bullion is such that ii cannot be pu
4 chased at less than par in legal tenders, |
y, shall give notice of the fact, and then ar
q citizen Of the United States owning bulliC
K may deposit the same at the mint and have
g coined. The amendment further provid
l. that subsidiary coinage shall contain Il
o same relative quantity of pure and standal
s. silver as the silver dollar After Mr.. Bee
e explained his amendment briefly Mr.. BayaI
= spoke in opposition to the bill. Adiourne
i In the senate, on the 9th, Mr.. Bee
n presented a memorial of the state of Ke
!. lucky, Signed by the governor thereof, asl
o ing congress to make an appropriation
s nay the balances due to that state for e
5 penses incurred in equipping troops durir
|. the late war Referred.....A Atthe expiratiC
|. of the morning hour the consideration of Il
s silver bill was resumed and Mr.. Eaton spoil
o in opposition thereto. Adjourned.
!. In the senate, on the 7th, Mr.. Davi
a of Illinois, called up the senate bill to rem
the taxes on insolvent savings banks. Penc
!, ing the question, being on amendment pr
, viding that no savings banks having /
9 capital stock shall, on account of mercanti
4 or business deposits en- which no intereSth
n been allowed, be denied exemption above
! to savings banks having no Capital stOc
!. and it was agreed to-yeas 2S; nays,
q The bill was then read the third time al
n passed. d..... Consideration was then resume