The home journal. (Winchester, Tenn.) 1858-188?, 1878-02-21

be getting back there soon, whether this
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 find purchasers in the
United States, and suppose they should find
such purchasers, would not every one in the
land be clad that our bonds. were held at
home2 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 money, and the problem for congress
to solve was upon what basis it should rest
We could not maintain Il paper currency,
convertible at all times into coin, unless we
employed silver as well rs gold rs its base.
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 irredcemable paper
currency and every friend of specie cur.
rency should insist upon full remOnetizi>
ton OF silver. II this bill should become
law its tendency would be to put n stop to
the demonetizati0n Of silver in other coun.
tries, Should we postpone the remonetza.
ton OF silver until compact with Other
nations be made IL would never be remone.
tzed. He hoped our country would be
ranged by the side of the bi-metalic 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 aud unjust Mr..
Blaine then took the floor to speak upon the
silver bill, with the understanding that he
would proceed with his remarks tomorrow.
..... The senate then went into executive
session, and when ,hc doors reopened ad.
journed.
In the house, on the 9th, Mr.. Peddie
offered resolution, ieciting the trade dollar
as being refused by the postollices of the
country, and only received by merchants at
| u 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 q
coin it would not receive. Mr.. Bright " ou
have nothing to do but remOnetize silver,
and it will be all right. The resolution was
referred ,.... Mr. Stephens offered Il resolution
authorizing the president to invite an inter
| national monetary commission TO consider
and recommend n uniform rate in the value
of the coinage of gold and silver. Referred
....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 California."..A reso.
luton, reported by majority OF the com.
mittee, declaring Mr.. Wlggngton, the CON
'.o'"",, M ,,s sn'.,u Wv NJ W"' "uo
ye's, ,To Ia - ~, "','"'i ,n"rT
tn M Lai ,i iIi, IL 'a," ',.,n;t w.. ",
W. W. %a %nVao W. ,n. - n "ii AZ D"'
| IJ;.nrnaj
~ ,,o OIL oo,.;louo,;.,
| III 'ho hou g ou .Ao '','' ''n'''e' "'t'''
was iesu',e,' VI u"1n'n"" uus'''esF, oc'''s
'ne s,Isel u'i'' unu M, i,'a' ,iiI GTae SPe'MTn M
construction OF railroad from point op
posite Memphis, on the MISSISSIPPI iiver, tc
Jefferson, Austin ana san ANTONIO, Texas
and thence TO a point at or near III tAso
Referred d'.'.'.'.M!. BriShl, chairman Ol th'
committee on claims, reported p'li appro'
prlating $l32,ol', ior the payment 0i cialih'
allowed by the accounting oihcers 0I lh'
treasury. Passed Zine mouse tneh wen
INTO committee OF the "h"'e' Mr. iea'es II
the char, on the private calendar. me mrs
bill taken up was one appropuatinS SlS i3I
to pay W. ii. Newman and H. A. Naniioii
man, OF New YORK, IN full compensation io'
the use OF the iicneer hlIls IN AltXahdrif
by the United states authority during 'h'
late war. me bili was ah'ocqted Dy MeSSrs
Hunton, fInley,, Robinson (inh) "Rd WI
son, ana opposen py MSssrsi Jones lohlo
ana Longer lMIth,' ihe ",sc"ssioh ".'
ciosed WIN an argument ny W. iuoher ~
iaVor OF the D'li' me to'l',l''iee lhen rose
anu rePor'eu 'he "',i ~ ,ie "o"ST mn "'n
recommendation mat IL 40 pass me nll
was felecteu-ye"s, ~ nays, W. ,h'
affirmative vote came prlhcIpahy from lh'
democratic sue anu the heSati'e from 'h'
republican slde, nut there were re-" eScep
tions to the rule on ooth sldes' AoJ'urheu
SENATE
... A., iI, o, .
ln 'ne Seh"Or, vi 'no n' n s" pui
OF 'he niorh'ns noui was Mne" Up W Wv
preSen.a'.on VI pols'os ,t '.''' o., t.,;, pa.s;
Inc country mus " ,neni ,e,nJIs'in,'n .'a ,,i
against ci'hses ~ 'ho Ioo'uu '",i" u',,e
aha .he iestoin.oh i VI sn' f",d efA ~ ''H Ghn Iu'
ne,itions fayorinr the organization of de
partment of industry, the head thereof t.
be a cabinet officer, were presented and re
ferrcd THE following bills were intro
ducel and referred: by Mr. Speucer-T
incorporate the National Pacific raroar
and telegraph company BY Mr.. Saunder
-Supplemcntary to the joint resolution i
reIatinn to the Pari. exposition. At tn
expi, alton of the morning hour considerl
ton of the silver bill was resumed and NJ
Beck submitted an amendment nlrecuh
the secretary OF the treasury to purcbas
from time to time silver bullion not les
than three millions worth per month, or 4
much more as can be coined al the mints
. the United States the United S a,es to hay
the benefit of the gain or seignorase; pre-
yided, that whenever the market price I
, silver bullion is such that it cannot be pu
chased Mt less than par in legal TENDER,
: hall give notice of the fact, and then u,
. o;,;,e9 of The limited States owuiu. bullit
= NAV denosit the same at the mint and have
!. coined. The amendment further provid
|. that subsidiary coinage. tha!l contain Il
g same relative quantity OF pure rni .tanda
a silver as the silver dollar, AZ e. Nr. Ee'
!. explained his amendment briefly Mr.. B,ya
!. spoke in opposition to the bill. Adjourne
= A. ..a.,..o 90, tho Etl Mr T..