The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1878-01-31
Passage orthe Silver Resolution


From the Wheeling Register OF Saturday.
Yesterday, by vote of 49 yeas to
% nays, the preamble and resolution
submitted by Mr.. Matthews, on the
9th of December, declaring the bonds
of the government payable, principal
and interest, at the option of the
United States in silver dollars Of
4121 grains each, passed the Senate.
This settles the passage of the silver
bill, but the vote being less than two
thirds of the whole Senate it does
not ensure the re-passsage of the bill
over the veto Of Mr.. Hayes, should he
see fit to interpose one. The follow
ing is the full text of Mr. Matthews
preamble and resolution, as adopted
yesterday. We presume it will at
once go to the House of Representa-
tives, where it will doubtless pass
without delay
WHEREAS, By an act entitled an
act to strengthen the public credit,
approved March Is, 1869, it was pro,
vided and declared that the faith Of
the United States was hereby solemn,
ly pledged to the payment in coin, OF
its nnuivalent. of NIL interests bear.
ing obligations of the United States
except in cases where the law au,
thorizing the issue of such obligation
had expressedly provided that the
same might be paid in lawful money
or other currency than gold and sill
yer; and whereas, all the bonds Of
the United States authorized to be
issued by an act entitled, Gan act tc
authorize the refunding of the ma
tional debt" approved July IA, 1870
by the terms of said act were declar.
ed to be redeemable in coin of the
present standard value, bearing in,
torest payable scmi.annually in such
coin; and whereas, all bonds of the
United States, authorized to be issu,
ed under the act entitled, "An act to
provide for the resumption of specie
payment" approved July IA, 1875
are required to be of the description
of bonds of the United States desert
bed in said act of Congress, approx
Cd July II, 1870, entitled AN act
to authorize the refunding tho ma
tiopol debt" and whereas, at the date
of the passage of said act of Con
gress last afJ .esaid, to.wit: the 14tE
day Of July, 1870, the coin of the
United States of STANDARD value o.
that date included silver dollars o.
the weight of 4l24 grains each, Is
declared by tho act approved July
IS, 1867, entitled an act establishing
mint and regulating the coins of the
United States, to be legal tender
of payment according to their nomi'
nal value for any sum whatever
therefore be it
Resolcd, by the Senate (tho House
Of Representatives concurring there
in) That all bonds the United States
issued or authorized to be issued un,
der said acts of Congress hercintoiorc
reported, are payable, principal and
interest, at the option of the United
States, in Silver dollars of the coin.
age of the United States, containing
4l2I grains each of standard silver,
and that to restore toits coinage such
silver coins as legal tcndar in tho
payment of said bonds, principal and
interest is not in violation of the
public faith nor dorogation Of the
rights of public creditors,
The Senate refused yesterday to
make this u joint resolution, and
therefore il will not need to go TO the
President for his signature. This is
great triumph and one we hope to
con imneIi1iplv followpl nm by the