The New York herald., 1878-02-07

US Dack 10 uuredeemable paper currency. ne
favored making The silver dollar worth more In
irinsically say 43i 40 grains. The legislation
should b. such as 10 keep silver subordinate 10 gold
nations the two metals light be brought together.
REMARKS OF cHRIsTsAScY.
MI CHRIsriANcY, OF Micuigsn. said he would venture
10 again respass upon senate. and hs did for
the pdrpose OF referring TO the report OF the silver
commissou which had been quoted from during this
debate. He argued that that report the product
of ono or moro Jealous advocates OF tue remonctza-
ton OF silver, and PROBABLY gavo too much weight 10
facts favorable to the reconciliation. He quoted
IRON that report aud argued that there were many
ponts 10 be considered against The OF
silver. 1t had been claimed that there was an insult
cent volume oi currency IN the country which caused
the present hard times. He denied that such
wU The case, and tended that the present
distress throughout the country was caused by The
.extravagance which prevailed alter tho war, and the
people At last woke he fact that all In deot
and mono could pay. During the past lew months,
however, confidence was being restored and all things
were working well until this i-omened bili came INTO
the Senate He Thought tho present very iuoppor-
tune time to attempt TO fix the relative value between
gold and silver. In conclusion, nc submitted sub
sttute tor the pending BILL aud 1t was ordered that II
be printed.
Mr. cHaIsrIAxcY's SUBSTITUTE
The substitute offered by Senator Christiancy pro-
vdcs Tor the coinage OF silver dollars oil 4l2H grains
~ the mins OF the United states, out that gold shall
yer coins are TO be legal tender In all cases to tho
amount OF $40 The silver dollars and subsidiary
com and silver bars stamped At tho nints or New
York Assay Office with their weight and hneness and
tho trade dollars are 10 DO made legal tender
according to their market value, 10 be fixed
monthly by the Secretary OF the Treasury, the
Treasurer OF the United States and the Director OF
the Mint. IA gold valuation In accordance with the
current rates oi the markets OF the world, which valu
alton 10 be promulgated and pubs In tho prncl-
pal commercial cities oil the United States In fixing
value OF the cost coinage Is to De added
The substitute further provides that United States
loyal tender notes NAV be redeemed upon presenta.
ton with silver OF the valuations liked aOove, and
wnen SO redeemed shall not again be issued but snail
be placed TO the credit OF the Sinking Fund Owners
Of silver bullion are permitted 10 depost II and
cevs in return certificates redeemaoie at the place OF
issue in silver bars a. he hxea valuation.
NJ nv <-x ftlnnn nnA0
which both SIDES could unite. Those who believed
silver would appreciate would have silver at It's roal
value, und those VINO believed II would remain Ut q
discount would and IN THIS measure safeguard against
depreciation.
LvE SAVING SERVICE
Mr.. RANSOM, (dem Of N. c., submitted the follow
ing resolutions:- -
Resolved Ths. the Secretary Of the Treasury be and he
condition stats q easisacy Of tho lifs saving
same in his Judgment needs increase or Improvement In
Dryer 70 make % the same % OF tns ~ ~ es2ov @
70 70 S a. soop a.. f. MY os any
affect improvement and security OF navigation the
Of North Carolina, and in what mis- uog
mont greater and security attained
Resolved That the Committse on Commerce be aud It
disney so improving the inland navigation tho
81 Sro hSos ARB spa Fas and
safer and better channel Of between the states
leave to report by bill or otherwise.
The first two resolutions were agreed to and the
third was referred to the Committee on Commerce.
Mr. TELLsR, irep.j Of Col, withdrew The amend.
ent TO the Silver Dil in regard to issuing certificates
Tor silver bullion submitted by him yesterday, and
said he would submit some time hereafter in
dependent proposition.
Mr.. BLAINE. (rspl OF Me-, then took the floor to
speak upon tho Silver Dill, with the understanding
that he would proceed with his remarks at one O'Clock
Tomorrow.
p A., on motion OF Mr.. HAMLIS, went into executive
session. and when the doors were reopened adjourned.
HOUSE OF REPRESENTATIVES.
WASHINGTON, Feb. 8, 1878.
Mr.. PEpDrE rep) of N. j., offered resolution ro-
citing that the trade dollar Is being roiussd by the
post ooes of the country and only received by mer-
chants DISCOUNT Of eight per cent, di.
rectng tho Secretary Of tho Treasury stop fhe
age OF the trade dollar. He thought that the govern
ment should not issue 1t would not itself re.
csiva
Mr. BRIGHT, (dom. OF Tenn.-You have nothing to
do but remonotize silver and 1t will be all right.
The resolution was referred.
THE LOSS OF THE MgrRoPoLIs
Mr. Cox, (dem) of NJ Y, ooi ed resolution direct
ing the Committee on Commerce TO investigate the
causes and circumstances attending Tho wreck OF
the steamer Metropolis and the conduct Of the lie
saving stations IN connection therewith and also 10
prevent unseawortny and improperly laden vessels
| IRON going 10 sea-
unanimous consent for that .purpose were II not
that It's object more precious than mere matters
taxatl0n, because concerned human llte ana
sanctty. Much contrariety Of TACT and opinion cx-
listed to tho causes oil mat great disaster tho
North Carolina coast? An examination by the Com
mitiec Commerce would elucidate the subject and
throw much light incidentally on the need oil lcgs-
iaton to avert similar disasters. That committee
| had before IL bill when hc had
introduced to increase tho life saving stations and to
require the service 10 begin Oh the Let OF September
win provisions calculated to prevent
But after all the best law depended tor Its usefulness
execution. This resolution looked 10 scrutiny
| Of Official conduct. He had falth ID the admirable
Committee Commerce and on It's honored head (Mr.
Reagan, OF TexusJ that II would take prompt action
! on the matter. The resolution was adopted.
THE CALIFORNIA CONTESTED SEAT.
Mr.. SPRrNGER tdem.) oil Ill, from the Committee ON
Elections, called up the reports Of the committee
the Pacneco iggint0n contested election from
tho fourth district Of California the majority report
declaring Mr. WIggInton entitled TO scat and tho MI
norty report declaring Mr. Pacneco elected.
Alter some dcbate the matter went without
tion and the House, ut hali-past four, adjourned