New-York tribune., 1878-02-16
XLVth CONGRESS---IId SESSION.


vER-TnE FREE COINAGE CLAUSE sIRIcKEx OUT
LAMAR MAKES A STRIKING sPEEcY-IHE HOUSE,
DISCUSSES SOUTHERN MAIL CONTRACTS.
SENATE. WASHINGTON, Feb. Is, 1878
In the Senate to-day the Vice President lad
before the Senate communication from Professor
Henry, Secretary of the Smithsonian Institution In
closing the annual report OF the Institution for the year
1877. resolution of Mr. HAMLIN tRep., Me) to print
1O5OO copies OF the report referred 10 the Com.
mittee Printing.
Mr. WHYTE tDem Md presented petition OF ths
Medical Society of Hsrford County Md favurng the re-
mova OF the duties now mpos' don crude Peruvian Bark
The Senate bill to authorize the worthingtop Sioux
r Of o T To s ese1% Of Sioux 81 oae tie
a%1sndments 1,, was placed on The calendar gs,,,
BY Mr.. MCPHERSON (Dem.. N. j. by request. to
provide for experiments aud the purchase OF movable
torpedoes for military and naval defence.
Mr.. KIRkwOOD rep, Iowa from the Committee on
Pensions. reported, WITH amendments and written
claimants for pensions. and for the appointment OF
corps OF cxamng surgeons
Mr.. ANTHONY tRep.. Il. H. from the Committee on
Irntng reported favoraby on the resolution 10 print
1000 copies Of The proceedings before the Committee
Sixteenth Amendment comforting the right OF suffrage
upon women women Agreed to.
submitted by him Yesterday directing the Committee
the Judiciary to Inquire az 70 whether eer,an railroads
dtiona land grants Of the lands of the Indians Of
Mr. DORSEY (sep. Ark) submitted an amendment
directing the COMMITTEE ascertain and report upon
the expedcncy OF extending territorial form Of gov.
ernment over a parts Of the country where the sane
does not now exist and whether the rights of life and
properly can bepfOpefy mahtdlhco "'nouI sueA tefl
Mr.. Y6oRHEEs said he desired to amend the resolu.
tion so "a to have Committee Territories make
the investigation, instead Of the Committee On The judi
Alter brief discussion, the subject was laid over
NM" Mr. FERRY Gaep Mich) moved TO take up the blto
regulate tie conversation 0f postnasters. but Mr. ALI
son objected and demanded the regular order.
The morning business having been disposed OF, The
Senate at 1870 p M, resumed tAe consideration Of tie
silver Bill.
TIE BATTLE OVER SILVER.
INGALLS, SAYS THE WEST AND SOUTH ARE ASKING
LESS NOW THAN THEY WILL AGAIN.
Nj. INGALLS, (Rep, Kan) said the financial system
OF ts country had hitherto suffered more from its doe
tors than 1t had from disease SO much had been leit
uusad IN this debate which he believed to be true that
he ycntured to detain the Senate Lrie! time IL
panaon Of his vote. He quoted from speech OF John
Sherman 70 the effect that the single standard ot god
an American idea, and said the statement Is devoid VI
truth. The original American idea was single sani-
ard OF silver He then spoke at length 10 the history
of cold and silver as money said gold the most
cowardy and trcachcfOus 0f all Mcta.s. ~ had
no friend ally hat il DID rot sooner 'r ater eersy
No nation fought great war by he aid oi eodi
but when the battle had been secured ana Ieace ie.
stored gold "a silver 10 % is me money az Of 6e p
pie. The American pccp.e are not lafncuary
@ Welded led pper 10 cT %ere Created by law and have precisely
the yaine that the Government issuing them declares
thcy S nce it fonrseS1ths Of one cent TIE Gov.
rrIreit has made profit TO this date by s coDageot
S4.61S000 The same Is tue OF our subsidiary SILVER
COIN which has been aloyed TO such an extent that
the Treasury at this tmc is nearly SG,OOo,OOo reler
Referring TO the arguments made in the Senate in re:
gard to protection OF caital etc, Mr ingai; sad
depdeu OF H. but both have their rights and are ea.
titled protection though labor Is entitled 70 TO the ms,
consideration lie quoted from article, III me Lo"eoas
Times and The London Ee'tomiSf 90 thc g.
feet that t9 vc rns@ tSa ass @ an'ri hs Pere. o v rsa.
said the distress fron winch the people now sun fea
10 % Min =, 70 enhance ia value The senate could lot
di.guse il 1t would the truth that the country s upon
and now on the one side Is calei, HrioHan', asnai
ing new concessions and stfugg ins, 70 ,a"las, an
aktryS askns for employment, and rcsoiutcly deter
mined to overthrow a system under whieA tie
TSI e sa, this Is rot the East against west; it Is tGe
Fast against the West and so.n comDncd ~ rtrIrel
on the Atautic coast, and said while this vas being
dnnc tre month ol the Mississippi was lett checked
with her saud-bars until tie genis OF CAPTAIN E9ds
0ponia p ~ ~ ,b Wtsr from New-Ensi:nd and now To
West and south In asking the passage Of tnls BIZ ae
asking less th"n they VIII ever ASH again. lApp1seh
MI ANrHoSY tEop, p. ~ gave notice that If p
plase should repeated ho would move thaI iae ga'
terics Dc cleared.
Mr. ALLISON EXPLAINS.
THE BILL BEFORE THE SENATE Nor THE BLAND BILL
Mr. ALLISON (Rep. Iowa. ia charge Of the silver BA
then took the floor close the debate Ho SAID mos.of
the arguments by the opponents of renonetzaon hays
been made against the bll it came from tie House
and fail recognize the essential features wEeh tas
Senate amendments propose. lie explained tnat tHg
House bill differs essentially from the hll a. reported
by the Finance Committee, and continued:
Free coinage OF silver, al tHe rae OF 10 tos, VII keep
closed tie lts Ot Europe, which coin ~ the relation
III foI Onr country Mi be the only market iorsi.
Xor under this condition ot things except that rqurd
for shipment India and Cmna thus making II tf9h.
able to export go'd and import silver tie ultimate
Ipiu a
until the relation Of Is 10 / Shall be rcJ,taDlsnea
which rot likely, because the Latin Inoa
amendments intended TO nave tle effect o. htepns
both metals in circulation tae uttLt'icn OF Ooth -
metallic money Oi the coGltry, by hha .ohs at hIs"
TO be foowed at an early day II Ihe SYsdon .. Sn'h
viii gu-tty Dy tho Unrestricted 'oiba-e
both metals on par wih each other ea.n
ments shall be resumed The'e amendments py
pose coinage limited in amount aud on u
cOhh OI th1 noNtinhieh'' M ~ ~ ~ t n rsto
bc followed by The rec coinage OF ooh metats on ! lS
fixed. This last assumes that a sufficient n1uDcrOi
viii Keep the con,ncrcal and mint values OF the Two
metals ut par with each other at the ratio fixed or
Alarm Is felt IN regard bonds Our bonds have.
been returned 10 rs largely during the last yeaf' not DC
cause the silver agitation tut because OF Tie scarcity
orr favor created by an excess exports imports
the countries having gold would not p9It win ~
1t IS noteworthy fact that ofuhe S1JOJOOOV ol io
per bonds only about ten millions were S9nsereea
for abroad. With specie payments We should nave.
base of from three to four hundred millions Under tAe
hundred and sixty millions Of silver only EN-. siXg
millions in OF the deDased slier
colnage OF England with a limited lesal-,cndcr:
We would then require two bnndrcd and fifty inlonsot
gold so that utl that period is reached, gold Is not
likely 10 flow out unless the exchanges ae against VI"
II they should be, gold Will go with or without em1He
tiZation. .
Mr.. Allison argued thar silver expelled because
we fixed the ratio at l6 10 ], when the nations OF
Europe using SILVER had the relation OF l5l2 10 l.
owners of silver bullion woald not bring II 10 vVt
mint 20 be coined when 10 required sixteen ounces ~
yer to purchase ounce of gold. when ncrn ana aia
ounces wOuld buy Of gold az the Ffench h,n
the difference being Sig per cent, which ehahlru suo
holder of silver here To export 10 France AZ coA'1
able profit. ~, .,...,.,li.
The necessity for unity Of acton among the iOi9e'a
&C.. e;.f IA IA fiaGS fNfe