The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-01-30
BY TELEGRAPH.
ASSOCIATED PRESS REPORT.
TO TIE DAILY LNTELLIGENoER
GENERAL NEWS.
A Crisis in The English Cotton
Trade.
Great Excitement at Constantine
The Capital Threatened with Seri-
Gus Disorder.
Greece Terribly Excited.
The King Scarcely Safe from Pop
ular Violence.
Al. Mt,
Crookedness among the Banks.
CONGRESSIONAL.
SENATE
WASHINGTON, January 90.
VARIOUS INTERESTING BILLS.

| N"NhSt6 Hassa@Ss
Mr.. Edmunds introduced bill 10
make the I'D Of February legal holiday
in the District OF Columbia. Referred.
Mr.. Plumb introduced bill to repeal
certain acts and parts Of acts relating 10
the taxation Of deposits in savings banks.
Referred.
Mr.. Howe, from the Committee on
Library, reported iavorably on House
joint resolution accepting Carpenters
painting OF Lincoln and his Cabinet.
Mr.. EdmundI said that, while grateful
TO the giver, he didn't think the picture
was OF that art character which entitled
it to place in the Capitol.
After some debate, the resolulion WAS
agreed to-yeas 4S, nays7.
During the morning hour Mr.. Beck
called up the resolution submitted by
him last week, declaring il unnecessary
or inexpedient 10 maintain or impose
taxes at this time for tile purpose Of pro.
viding for the S3,Tl9,80I,50i asked for
by the Secretary OF the Treasury for a
sinking fund, aud spoke in favor OF pass
ing the resolution.
Mr.. Beck said he introduced the reso.
luton for the purpose Of obtaining an
expression Of the sense Of the two Houses
Of Congress upon what he considered TO
be the most important question now be.
fore Congress, and that was, how could
taxation best be reduced 30 as to relieve
the people from the oppression under
which they labor and at the sane time
meet the requirements of the Govern.
ment? He read from the late report oil
the Secretary Of the Treasury that there
would be Il deficiency at the end Of the
next fiscal year amounting TO 81 ,43S 900
in the receipts Of the Government as
compared with its expenditures upon the
present basis, and continuing his argu.
ment he said his object was 10 satisfy the
Senate that Congress was not under obi.
CATION 10 maintain or impose taxes for
the purchase Of lands for sinking fund.
He thought he could show where
thirty millions Of dollars could be
saved from customs services, internal
revenue and the management Of
Indian affairs, but at present he would
coniine himself to the sinking fund. He
again quoted from the report Of the Sec.
retary Of the Treasury, TO show that the
sinking fund now contained S220, ,000, 900
in excess OF the amount required by law
for that fund at present. He argued that
all the pledges and obligations OF the
government 10 make provision for the
sinking fund had been practically carried
out, and asked why they should be so
anxious to pay bonds In advance OF our
pledges and obligations. Our bonds were
high enough now. The public creditors
were not suffering, neither was their Sc.
curity lessening. The property Of the
United States was increasing in value,
and the public debt was a mortgage
upon the whole Of il. The sinking
fund was amply provided for at
least Eve years 10 come and it seemed 10
him clear that 1t was the right and duty
OF Congress now 10 reduce taxation.
He next referred 10 the passage OF the
act OF March Sd, 1875, to further protect
the sinking fund, and argued that il the
same information had been before Con-
gress then in regard 10 the sinking fund
as now, that act imposing the taxation II
did would never have been passed. lie
quoted from the debates on that bill and
said Mr.. Dawes, who hal charge Of the
bill in the House OF Representatives, had
been grossly deceived by the Treasury
officials. He (Beck) now had faith that
the committees. of the two houses would
reduee taxation in the interest Of the
people. All that any country could do
and that this country had done was 10
apply its surplus revenues TO the pay.
ment OF It's debts.
Messrs. Morrill, and Dawes gave notice
that they would have something to say
about this resolution hereafter.
ARMY APPOINTMENTS.
Mr.. Edmunds submitted resolution
instructing the Committee on Military
Affairs to inquire and report whether at
any time since July 2sth, 1866, any per-
son has been appointed TO the army con.
trary 10 section % Of the Act Of that date,
or contrary To section 1918 Of the Revised
Statutes. Agreed to.
Upon the conclusion Of Mr.. Beck's
remarks the resolution was laid over,
and consideration resumed OF the untin.
ished business, being the silver bill, and
Mr.. Wallace spoke In favor thereof.
Mr.. Wallace said: Gold cannot be
subdiyIded 10 suit the necessities OF the
people, whilst gold and oliver Is just TO
all classes. Our policy as people has
initiated and maintained double stand.
ard. The Constitution and laws up to
1873 recognize and enforce this policy.
Demonstration Of silver by the United
States will lead to lis total disuse. The
total disuse OF silver as money reduces
the measure OF values and increases the
value Of money Indebtedness. II will de.
stroy It's use as a subsidiary coinage; It
will give the world scanty instead Of
a full circulating medium Of intrinsic
value. The use Of both metals gives
healthy progress, basis for confidence,
value to currency in paper and Just
measure OF value. This use Of but one
strikes out Of existence large part Of the
worlds capital as q measure Of value,
and II is prejudicial to the progress Of civ.
IiliEation. There is no foundation either
lin morals or in law for enhancing
the value OF the debt and Il
Is neither just ,or expedient to do so
and exercise Of the power to adopt agold
standard awakens distsust among the peo-
pie and tends directly TO weaken; the
binding obligations Of public faith. Are
my brethren on this side Of the Chamber
determined to drive us IA an organization
into a vortex Of unlimited paper inaa.
tion. We do not want this in Pennsyl.
yania, and we pray TO be relieved from
the fate to which your policy condemns
uR, Why Ia II we cannot meet upon the
common ground Of constitutional money,
gold and silver? Are those who live east
OF the Susquehanna go welded to the
policy OF England in single standard
that no unity Of action Is poesible3 Is
there any safer ground for the best inter.
est Of the whole people, for the debtor
Il = Nj. L.. q l.. L.. II