Daily Los Angeles herald., 1878-01-15

men either to receive the silver {
dollar or any debased money. Laid
ON the table and ordered printed,
the resolution to which it is pro- c
posed as an amendment now being p,
before the Senate.
Bailey argued that it was the in
tention Of Congress to pay the
bonds in coin and the acts were
carefully worded, that that coin
might be either gold or silver. He
favored the resolution of Matthews,
and commended that the restoration
of the silver dollar would not pre-.
vent or retard the funding of the
public debt, as has been argued.
He bad 10 doubt that our debt can
be funded at four per cent. The
object of remonetiZing the silver
dollar was not to furnish money to
pay the public debt alone; the
main purpose was to arrest the
movement inaugurated in Europe
to take silver from the coinage OF
nations, to check the advance
in the value of gold, to cheaper
money in this country and to ena-
BILE people TO pay their debts. He
quoted from the recent work of DR..
Lindermann, Director of Minis,
and said he Bailey agreed with |
the Senator from Kentucky Beck |
pushed forward without positive
instructions on the part of Con-
gress. He would not believe that
men who voted for the act of 1873 |
Iemonetizing silver were guilty of
willful fraud, but did think they
were victims of tho bondholders.
He thought now that Congress, by
prompt action, could arrest this
movement to demonetize silver all
over the world and thus prevent a
great evil to mankind. A contract
ed and constantly contracting cur
rency dwarfed our capacity and
psralyZed our efforts. He COM
mented at some length on the
financial policy of Germany, and
} said that country would never
have demonetized silver if she had
had mines producing S40,000,0O0
: annually. Had she been able to
produce SO much, her mines would
have been at work night and day.
In conclusion be argued that with
the single gold standard our vast
debt, doubled in value, would bring
poverty to all homes.
The Senate then wentinto execll.
tive session and when the doors rs-
! opened adjourned.
HOUSE = Bills introduced and
referred: By Davis, restoring to
either House power to punish for
contempt. By Rice, to enable the
Secretary of the Interior to make O
final settlement with the Pottowat-
tamie Indians. By Banning, au-
thorizing the Secretary of War to
sell certain ordnance establish
ments; also, authorizing the same
, to prescribe the rules to be observed
in the preparation and opening of
bids for contracts under the War
Department. By Whitthorn, pro-
!, viding that all parties making con-
; tracts or agreements in violation
of law, whereby money may be
! drawn from the Treasury, shall be
guilty of a misdemeanor. By
Fort, forbidding the Territories to
T incur Indebtedness in aid of rail-
road or other private corporations.
BY Schleicher, to assign certain
T credits to the sinking fund and to
f make their equivalent available
for the redemption of U s. notes.
BY Williams, of Wisconsin,, pro-
viding for the purchase of the best
movable torpedo. By Patterson, au-
! thorizing the purchase OF gold dust
. and gold and silver bullion at the
mint at Denver ami payment there
for by draft.
Kelly offered the following:
Whereas petitions are about to be
presented to this House from many
thousand citizens from thirty-five
States of the Union, asking the
adoption of an amendment to the
Constitution which shall prohibit
the several States from disfran.
chising citizens on account of sex,
Resolved, That session of the
House be held on Saturday, the
10th, at which representative
women chosen by those petitioners
and now in the city, may be heard
at the bar of the House in support
of their cause. Rejected. Yeas 1O7,
nays 40.
On motion of Banks, unanimous
consent was given that petitions ON
the woman's rights question
might be presented in open House.
The Speaker thereupon proceeded
to call States for that purpose but
had got no further than the second
State on the list when q motion to
adjourn was interposed.
Railroad Matters - Border Trouh.
les.
WASHINGTON, Jan. 14th.-The
House subcommittee on the Tex
as Pacific Railroad bills, &C., met
this morning, but took no action,
except to agree to ask the full Com
mittes on Pacific Railroads at the
next regular meeting to fix time
for hearing arguments from rep
resentatives, including the South
ern Pacific Railroad of California,
who are interested in the various
conflicting propositions.
The House Committee on For
eign Affairs had another session
this morning on the matter of the
Mexican border troubles and heard
statements of Lieut.. Col. Ehaffer,
Lieut.. Bulls and VIM. Schuhardt,
U. 8. Commercial Agent at the
Mexican town of Piedras Negras.
There was nothing new, important
or interesting in the testimony.
Montgomery Biair's Memorial.
CHICAGO, Jan. 14.-The Journals
Annapolis, Nd, special says the
chairman of the Committee on
Federal Relations of the House of
Delegates, to whom Montgomery
Blair's memorial was referred, has
conferred with some of the leading
Democratic Representatives and |
friends. Their opinion is uniform
ly against reopening the Presiden-