The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-23
Bold Attack on the Scheme
in the Senate.
COAL COMBIN ALTON.
Alvord's Railroad Committee Ordered to
Investigate.
THE NEW CAPITOL SWINDLE.
lBY TELEGRAPH TO THE HERALD

Albany, Jan. 90, 1878.
The republican Senators in caucus to-day slaugh-
tered Mr.. Magone, the Governors second nominee for
uperntendent OF Public Works, with the utmost
tranquility The Clerk called the roll, every Senator
present voted s'No,' then somebody moved to ad-
journ, and that the end OF the matter
One Senator says tonight, 1--WE were very magnani-
nous to Mr.. Magone; we didn't keep him waiting an
unnecessary moment before his execution
Another says that he is preparing tonight Mr.. Ma.
gones obituary to be read in the executive session OF
the Senate to- morrow. On that occasion some demo.
cratic Senators will speak their minds very freely
indeed. Nothing yet looks toward compromise.
The first genuine debate the Senate since the ses-
sion opened occurred this morning when Mr. Sessions
who comes from the Thrty-secoud district (Cattarau-
gus and Chauauqua counties on the borders OF Penn
Bylvania opposed resolution declaring he Bland bill
heresy. The debate originated IN this way. Tho
President called for resolutions, and Mr. Turner moved
the following, which had gone over under the rule
having passed the lower House some days ago:-
Resolved df tho Senate coucur). That the
the Legislature OF the State OF New that the good
II lne OF the u gold or its
that any violation OF the public iath would be Injurious to
try; that new debssement OF the currency would
definitely postpone resumption OF specie payment
thus defeat the early restoration Of genuine prosperity and
bland bill by the Congress OF the United States
of calculated to embarrass prevent
ton within the time fixed by law would be grave public
calamity.
In calling the resolution, said Mr.. Turner, do
in the belief that it expresses the sense of the people
OF the State Of New York; and believing that vast
dustria commercial and financial interests will DO
ieoparaized by the passage of the Bland bill be.
fore Congress- and believing that the people Of the
State have no desire TO sanction by any meaus the
deoasement of coin, any action that may look
TO the depreciation OF our securities. For these
and 10 ward of attack the faith OF the
nation pledged to ithe creditors, hope Senate
WI concur in the resolution.
Mr.. Sessions offered the following amendment:--
That the of the LEGISLATURE of the State of New
rzed to be issued by the entitled AN act to authorize
the rsu1din Of the national debt approved July ~ 1870
in CON Of the then standard value and the then
then present dollar was 4i21s grain
Trey standard silver AS provided in the act of January 49,
honzed the Secretary OF the Treasury sell any Of the
In coin ana not in gold on the ist of Jsnnary 1878 that
the good faith of the nation is pledged the
te coin obligations OF the Tovernment In gold and In silver
be maze the inll equivalent, OF gold; that my
credit ana hurtu TO the good name OF our country that
debasement Of the unsettss business dso
Of law the Tn.sd states
calculated to prevent resumption gold silver basis
within the time liked by law you'd be great public
lamity
SESSIONS SPEECH.
In support OF this amendment Mr.. Sessions said:It
will not be accepted, matter oil course that have
given the subject the attention 1t demands at the
hands OF the Senate. We simply give our con-
senl, and this cannot give to the as here
Onered without my humble protest 1 be-
heve that The trainers oil tho constitution
intended that gold and silver should be-
legal tender. Every act OF Congress- up 10 Is73
The time that silver was denonetized, IN favor OF
goid and silver standard. unlimited SILVER legal
tender Congress reserved TO itself the r,gn to
money and Regulate / s value. 1t would briug about
too much coniuson Tor instance tor the State oi Now
YORK 10 say 1t would have legal tender in gold, the
ale OF ONO legal tender IL silver and the State Of
Missouri, II you please gold and silver both.
WHAT THE CONSTITUTION PROVIDES.
Section L., article 10, OF the constitution provides
that no State snail have any authority 10 mako any
thing 0Gt gold and silver legal tender IN payment OF
debt He here referred 70 bl ini reduced by him Tor
meuls in lh,s State after 1873. '''I'' P bad
the honor, he SAID, some little time ago,
making specie payments in this State a TACT after
1879 rbai law regard rs unconstitutional, for the
United States Constitution, IN article TO- section |,
shall make anything out gold and silver legal
lender. lie quoted Mr. Knox, the Comp
lroler OF the Currency as having SAID in
report 10 Congress that the silver dollar
was worth 103 12lO0 III gold. He SAID that a person
wouli naturally suppose tnat If the silver dollar
same value as god. What, then, could he the OBJECT
OF demonetIzng the SILVER dollar II was abso-
IL was NOT drug IN the market there
we're other rca,ons and those other reasons 1
believe will be solved by refer ring to-the different
Of Congress that preceded tue law vi 1873. II wac a
deep ld plan. nave no doubt, by few have this
legislation passed acknowledging siiver and then
around aud say the bonds should be paid Ia gold.
hold that the bondhodcrs 40 home or abroad do not
STAND IN position TO accuse the government OF bad
ialtu even II they should pay oil the bonus on
SILVER alone. lucy cannot legally or equ,lably
say the government should pay III gold
Inc bohds were sold at 90 when the
Illnr IN pul Wug m emtu lrntn IN -,
200 They drove sharp bargain Win when We
were sorely pressed and naac by the speculation
S6.4, 100000. bu this 40 not claim reason why
the bonus should not be paid would have thc gov
eminent act vita them as an individual @ith indvd-
Inc act 20 strengthen The public credit,
pas ed by Congress, and peacncd from the
lexta sermon ~ conformity with the Band doctrines.
lie showed quotation from the statutes that America
had always nud double standard-oue OF goid an.
OF silver In dincrcnt countries Il different
India IA silver country, Germany god country.
She mas been SO but short time. When acquire
our bobds, OF which sue mods the majority, $40
WAS a SILVER country, but recently II has
pleased her TO aemonelizc silver, and sue
now claims one doll n ia gold for what she pad but
hIty cents some space allotted The considcra-
qncnt OH resumption IN 1921 by that country alter
suspension OF twenty our years
On motion OF Mr. JACOBS, Of Kings, debate on tho
subject was postponed indefinitely.
LIVELY DAY ~ rnE ASSEMBLY.
Two very iLteresting matters occupied the attention
oil the Assembly loGay--n9mely, air. BrO~nlngs
resolution inquiry III respect TO coul comDna-
tiop and the senate bill uppropriating $500 900 Tor
continuance oi WORK on the new Capitol during the
proscni winter
THE COAL CONVERSATION
Mr.. Browhng's resolution pr oposing to Investigate
through the Ranroad Commute, The conduct oil tuo
coal and transportation comp inIes wnicn have com.
bincd TO limit the quantity OF coal introduced into he
markets OF this state IL was debated great length.
One oil the points against IT. adoption, made NJ The
outset by MI. Peck, oi Oswego that whatever
combination exists TO ralse the rcght and price OF
coal exists IN Pennsyyaua, State where Tho
Legislature OF New ork has no Jurisdiction whatever.