The New Orleans daily Democrat., 1878-02-05

country, how then could 1t be expected to retain
and slver7 Ms believed the law, Of 1869 rsdpe-
Ing the subsidiary coin was wlse s' aonneraIYe ,nat I
Ference bstgesn sY lie - vae tee Tho balio and
ihe stamped dollar, and said this was q com.
sss ses sabahea Il hs b Operated 8" ss
lIeyed i must. this people must rank among
0apitai was timid for want ef. n .nxity Of the
aer Wau saa II eoaas a9Ha no 2 ua Ras a sg
useless useless to to- talk Al % ei our inaepsnsenes Of lie
values oi other countries. Hs had visited M the
1heag2 ars!n Exehange % ana H. there had a s1e IN
No Northwest Invest fixed easl, hour BY the market In
Lenabn.. whore gold was the standard. , -
per r. cent would Be stricken from tbs vaus Of
jion, fet Tie paper could haye no higher value
II not only Infected the money. he hs j. but
every contract, af every nature; gxeent where
provision was other fwse made IN "A we ~ terms. terms 81
dollar under his contract would receive but
ninety cents. and The san,e percentage APPLIED
to the farmers for their grain anu to workmen
ior theit labor. .....
Every Industry would be affected n like man ,S,
unless pfosetea hy snsea aavs epfas " aas ans
het waows and bpenansh " Win IL aan tae bsppasa
there % waa debt ot about si.7oooooooo that could
| be paid 10 ter cent less. ...
,1fthis WINS done the banks. be said were not
altogether voluntary Subscribers. by an In
| Ksnlous and successful, stroke Of Legislation
| they we're told TO subseribs for bonds OF you. 60
out of existence through tag Of 10 per cent OF
II stftngenoy and dstrust followed, the pro-
posed legislation. IT would not pc the banks,
which were Tho mere instruments. that would
suffer. but the business interests Of the oonn-
try, He said he could speak freely on THIS T.. snb
ieet, fyt he had not dollar interest r. e'nsr
Another effect would be to take from the en-
baf ,af beyea hs ths sverde would Be that
| was an unjust treatment, Of creditors. and the
reasoning would prevail that i 10 per cen,
some etner Senator from. Ohio, WHO might
succeed the present dlstingniis,bsd +, seaator,
might say tha, 90 Rer ,ssa cent Wond H. not aa ns e @
Ing an aid to resumption be denied The prop.
s.,n GOO I X sssr % thai could not be done With
four times nifty millions In gold instead Qf the
larger Hun, the smaller only would bs ayailable
for resumption, because si yer would have The
effect to keep gold out Of circulation,
Unless the value Of the two metals were felas
lively fixed, one OF the other would pc lost to
tion. the real value OF the two metals could be
iixed by concerted legislation, Silver coin eat,
limited amount when It would be . convent.
ence In commercial transactions. Az soon as
we could have rssulnplon t9e gold now ". held l W by
the banks would be released, adding s309, 900, 900
10 he volume OF the currency: but more than
that, confidence would return, aud every inter
would ~ , he Al mapserysd nd ~ h la na bsan e
Mr.. Eaton was recognized. but ut 4.to .. m.
be gave way for q motion to that effect, and the
Senate adjourned
The House
Mr.. Hooker. Of Mississippi. moved to SO
for consideration n bill tp authorize q special
term Of tho Circuit and District Courts ot the
siasippi, for tic purpose Of trying Tie aues.
tona involved IN the late selzure of logs on the
Psesasoula and other streams In Missiasiippi
~ the regular term would not meet until May
The Bill authorizes the court to hold term In
March In Jackson county, Miss
Mr.. Hooker aaked leave to make a brief OK.
plantation. but objection was made, and the
fused 10 suspend the rules ana bring Tho bill W
for consideration. Il was then referred to the
Mr. Glover. OF Missouri moved to suspend
TIE rules nnd adopt rssoluti,n,n anthorising 2
Treasury Department, for the. purpose Of avoid
j, ing the expense Of the attending of Witnesses
s aas e ste @ f 9s es5
Of bringing tho witnesses TO Washington, and
also authorizing tho committees to sit during tho
sessions OF the House, and to report ut any
time. The House refused TO suspend the rules
and pass the resolution.
Mr.. Knott, Of Kentucky. introduced bill to
amend the judicial system OF the United States.
Referred.
Mr. singleton. Of Mississippi. from the Com.
on sh
was ordered printed.
Mr.. ManMahon. Of Ohio moved to suspend the
Whereas. in the present condition OF public
distress. IT is imperative that the wealth Of the
country should boar Ito proper burden ofsaxa-
Resoired. Tint the Ways and Means Commit
teo be and they are hereby, instructed TO report
bill imposing gradusted tux On the exceas OF
tlxed by law, and that the committee report at
the earliest practicable moment.
The House refused by the following detailed
vote, suspend to the rules and pass the resolu-
ns Aiken Atsqs s,1s Reeef on ns
RSsss =. Brsst i hrosaSn s, bSSTss; ,s;, Bs;ofnsr
oaws Fssf u ennsse n"ss oaHe dsa asa
Cannon, Carlisle. Caswell. Chalmers. Ca,k Of
Esntaeky, Clark Of Missouri, Clark lark oi Iowa
bearing ~, pibrTs|l; D',ckey Dannell' i"n. bun
Evans Evan 'f e Aes1,''' South eH careiIns. D. . Ewins
Eslton Tln,Gy f9rnsy, F9T|tS TranhliP n5
anss Glover. % ooode. a'lH; ar;snter. nale. Ham. Ham
Hartridge, MarIsell. Haskeil, hateher. Hayes,
llsWlI VI leoN ItIh llcWltt VI Ilel
bert. Hooker, House. Hubbell. Hunter Hunton
lttner. Jones Of Alabama. Jones Of OHIO. Jor-
gonson, knghtly, kenna. Kimmell. Knapp
Knott. Landers, Llgon. Luttrei. Mackey. Man
ming, Martin, Mayhnm, Mcdowan. Mckenzie
McMahon. Metcalf, Mills. Morey. Morgan. Nor,
rison. Muldrow.. Oliver. Page. Patterson OF
California, Phillips, Pollard. Pound. Palmer
Price. Pridemore. Rainey, Rea. Reagan. Reilly
J Rice Of Ohio, Riddle. Robbins. Robertson. Rob
Inson of Indiana. Ryan. sampson. sapp,. Say.
or, Scales, Sehleicher. Shelly, Sineletons Stem,
stephens, stewart. Stone Of Michigan. Stone q
Iowa Street. Throckmorton. Townsend Of II
Waddeil. Warner. - Weich, We, White Of Indiana
Whitthorns, Williams Of Michigan, Williams oi
Alabama. Welles Of Kentucky, Wellets, Welse
and Yates: total t6s.
Nays-Msssrs. Aldrich, Bacon. Bagley. Baker
Indiana: Baker, New York; Baliou. Bayne
Benedict, Bisbee. Bliss. Boyd Bridges. Butler
Campbell. Chittenden Clayton, Conger. Covert
Cox. Ohio; Cox. New York; Dantord. Davis
California: Dennson. Dwight. Enmes, Eali h.
of Errett, Field, Foster. Freeman Frye, Gard
ner, Garfield, Hardenberg. Horner. Harris, Mas.