The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1878-09-11

HOUSE Dy unhnlmOuH fute again uc-
frated an effort 70 tax the bonds.
In 1870 the act was pending which
provided for funding the greenback
bonds into coin bonds, and which
ROBBED THE PEOPLE OF 100000
The democrats Of the House voted
solid "no," "a. The republicans
voted mo" only 2, aud cay" 1856 In
the Senate the democrats voted solid
"no." Tho republicans. carried it,
and thus the republican party is re-
sponsible for the wrong which result
ed from this ubiquitous measure;
and when the Houses divided and a
conference committee was appointed
to consider the differences upon this
bill, Mr.. Brooks arose in his seat
and told the republican Speaker,
Mr.. Blaine, that the conferees were
GALL on ONE SIDE"
and that the minority was not repre-
sented. Having "set up" the com.
mittee, the republican Speaker con-
tcmptuously replied sit is not essen
tial that it should be-" In July,
1870, when Sherman's proposition
was pending
TO INCREASE THE NATIoNAL-BANK CIR
cULATIoN
1884, 100000, as usual in all these ag-
gressiye measures the previous ques-
ton was demanded and debate refus-
ed. While the Democrats voted cay"
only 4 and "no" Al, the Republican
party passed this bill. On June ID,
when that same bill was pending,
Mr.. Randall, a Democrat, offered a
a substitute which proposed to take
up the national-bank notes, and
ISSUE s3OO,OOO,OOO IN GREESBAcHs
in their stead. On this measure the
Democrats voted "no" only Gand FAY"
Al. The Republicans voted FAY" on
ly 10 and mo" los. Thus this pro-
posed issue Of greenbacks was defeat
ed in the House by the Republican
party.
Democrat, offered substitute which
provided for
RErEALIHG THE NATIoSAL-BANK ACT
and the substitution of 100000
in greenbacks, with full legal.tender
saslitics, for the national-bank notes.
The Democrats voted "no" IL, "ay"
"a, or over three to one for the substi-
tute. The Republicans voted lay"
only 8 and mo" 116. Thus the Re.
publican party in the House defeated
also this proposed financial reform.
On the Slst of January, 1870, Mr..
McNeely, Democrat, offered the fol-
lowing resolutions:
Resolved, That the national debt
should be paid in strict compliance
with the contract, whether it is made
payable in gold or greenbacks; that
$40 bonds are payable in grcenbacks
or their equivalent, and we condemn
the policy of the administration
which is squandering millions Of
money by buying such bonds at q
high rate Of premium when the Gov.
eminent had the clear right to re,
deem at par.
To this honest, fair Interpretation
of n contract in behalf of people
who were already overcast with the
shadow of impending financial panic
only 8 democrats could be found to
vote in opposition, while "a voted in
its favor. Of the republicans only l
voted for it and 119 members of the
republican party laid it in its grave!
On the 18th day Of January, 1870,
Mr.. McNeely made
ANOTHER EFFORT IN RELIEF OF GREEN
He offered the following resolution:
Resolved, That the Committee on
Banking and Currency be, and they
are hereby instructed to report at an
early day a bill providing for with
drawing from circulation the nation
albank currency and for issuing, in
stead Of such currency, Treasury
notes usually known as greenbacks.
On this resolution looking to fnan.
cial reform the democrats voted mo"
only 2and INV" SO. The republicans
voted cay" 1 and "no" 112. Thus
the republican party in the House
slaughtered this futher attempt at
honest currency.
In 1872, after the policy of the
Treasury had been well defined,
when the Secretary was day after
day
ALLOWING THE BoNDHoLDEEs TO ROB
THE PEOPLE,
by treating the $40 bonds as coin
bonds and negotiating them in de.
fance Of the contract Of their crea.
ton, which made them payable in
currency, the following resolution
was presented:
Resolved, That in the opinion Of
this House the Secretary Of the Trea
sury in negotiating the loan author.
lied by the act Of July IA, 1870, has
neither increased the bonded debt
nor incurred an expenditure con-
t.,.rv "a Inv