New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-07
men, and hoped the day would when the Aneri'
can debt would be- held by Americans.
REPLIES 10 THURMAN.

KEENAN, AND cumsrIANCY ON TIE FLOOR
Mr. HERMAN Dem, n. " said he concurrcd witn the
Senator from Ohio that the Senate should cetce THIS
question without appeal J. eiudce or passion lie had
already given honest convictions on this Question
Yet had a painful feeling that the result or The
adoption of this r-nd'ng measure wop,d be det,
glad II we could hold our bonds at home, but az com
pared with EutSpean 9ones cur j. new COMFY Try
Industries II the action Of Congress
~ ,assnr This hill should hiring home our bonds from
abroad capital would be invested in them and would
sourn@s He referred TO the Matthew's resolution and
sad stopped at ;ho funding of debt at
That rcso utim was bringing back our bonds now,
and thus is detrimental to our welfare.
Mr.. Herman referred 10 the existing distress
t9ughont me country and sad he yielded 10 no mn
for the ueciauics and aborng men yet he was OF the
opin that this bul should il pass, would not bring
the relief expected THIS BIN is step 10 the wrong
direction, either to alleviate the suffcrings Of our
country 10 prevent then recurrence in future
not forced contraction OF the currency winch broke
down our indust1es. but system OF extravaganza and
calculating currency. Let there he sonnd currency
upon in 1873. He opposed TO hbil because
u would continue the evils under which we mad laDOied
lie favored a gold and silver currency circulating to-
gether, but long silver Is deprecated below golu
viii drive the gold dollar from The practical effect OF
TINS bii would be 10 dr;nonetIe god IN case tie slver
did par. II had been argued that we should
soon A. in shoTd be rcmonctized He had no snc6 faith
He favored making tue silver dollar worth more intrlnsi-
cay. SAY 4s4 or 40 grains.
MI CHRlsIIANCY REP, Mch) said be would ven
ure 10 ttspass again upon the Senate, and he did SO
Commission. which Lad been quoted from during the
debate He argued that thar report the product OF
one or more Jealous advocates OF the renonetzsuOn OF
silver, aud probably too much weight 10 iacts
favorable 10 the rmonetzaon. In conclusion lie sub
mittcd a substitute for the pending bill, and 1t was
ordered thal IL bc printed.
The substitute offered by Senator Chrisancy provides
for the coinage silver dollars of 4l22 ans at TIE
minis of the United States, bat that goa shall he the
standard OF value the present subsidiary slVer coins
lcgal-tenGer all To the amount or flo
silver dollars and Subsidiary com and silver
bars stamped tho minis or tNcW-Noik Assay
Office with tner weight and incueSs. and the trade dOi-
lars be made clal-te ascending 10 ihyI mar
kct value, Ia I've fixed monthly bN Tie cioty ot the
Treasury, the Ire Of tEr United states
and the Director 70 tuc .p.uf, ON goa Ndlu'
atiOn accordance vat The crGttnt rates
Of tie markets OF th worI Fhich valuation Is 10 lie
promuiga auG t.b1sbed BE- prn pal cities Of the
United states nS.uE Ia value o. CONS the cot OF
coinage Is to DE- 4.'ded The substitute further provides
thai UDi,ec Sattt lcLateuccT notes slhy lie re-
deciucu uOA JtilOD with s.Yer Oi The valuations
fixed IL ABOVE an redeemed shall not again be
issued, but snail bc placed 10 tho credit OF the slnkng
fumd. OF silN bullion permitted 10 dePosi'
10 and receive certificates redeeiuGbie al the
place of issue silver liars az the fixed valuation.
ing The secretary of the Treasury 10 report on the t
cheney SAVING Service, ana Low the saiey OF
navigation Tue North Carolina coast ana tie EN-
cheney of that FROM Norfolk 10 Cuiruck Sound can Dc
improved. The first two resolutions were agreed TO-
The latter wRs referred.
Mr.. 1LLLER (iicp, COLI withdrew the amendment
the silver Bill in regard to Issuing certificates Tor
bulou submitted by HIM yesterday, and said no
wOud submit IL tune hereafter as an INDEPENDENT
proposition.
AIR. BLAME Q2ep., Mel then took the floor 10 speak
upon the silver Bi. with the under andng that lie
would proceed with MS remarks at O'clock Tomorrow
The Senate then, at 425 M, on motion OF Mr. Ham
In. session. and when the doors were
reOpengu adjourned.