, 1879-01-16

traction Of the currency, which had already Dc.
pressed labor, stopped business, md bronrht
The country 10 Its present condition. Anu the
result Of that condition (which vas said 10 be
SUMPTION at New York and nowhere elsc,
air. Hatfcid satd TINT tile less legislation
there vas on finance Tho better, The country
radical change In tho present order OF the cur
rcncy lnw. hut here was bill that was greatly
misunderstood. Ia the work Of rcfundin9, the
gressns SECRETARY o. tho dTfessps TN aoa
banks {tnarkedly NIL depository banks) to take
hold 0f the wurK, ani atd him IN transferring
tho Q per CENT bon.ls INTO per cent bonds. Hc
now nctcrcd that hc could mako the work Of
going 6cyoni ths banks and dealing
with the people directly. This bill
proposed just that thing. 1t was not proposal
to tnake savings bank Of tne Treasury, Ihs I,e
tkcIlcy) PIT a savtnGs.b feature into It, but
not one broad enough TO f,Il the ilca Of q sav-
Inns bank. while y substantially took away the
PURPOSE Of refun.nG lie believed tae h1l, asat
funding. The gentleman from Massachusetts
H,ntlcr) anii that the bill would distress tic
poor mau. lic {Haracld) had moro faith In tho
poor MAN. lle wa willing e e. bs,tcss e.; that 4
Ono Of the elements OF strength ID France arose
from tho fact That ,001, ,00 Franchmcn held thr
bonus OF Franco. shl The day on which S,W0,tu0
American latorets were boidessol United statss Z.
t. ns won ne ,c os as 1s r Tug rase ~ "
mtwecn the iouaholdcrs md ,he ooor pcopIe
wona bG g9ns s .r III H., t Gns,"'. "
DC sloaI.i become tntcrestcsl 10 thc debt ot tic
p",t"n Ttat ,rn1ii l,c a nrcnt nrotcttfnn for
III .",il,r rrsdt. T IL wn,,Id haatci, to Inv lar
rctyn.,,n~ Tho cbt II infor and tn.lustrr wcro
f. H. ,nv rSy liz oycpuncnt @ ,,.t ct t
al ti,c ra1 ns comnctItor for loans.
Mr rhijltns nnnosrt1 tnn hiil. liz dc,trel 10
oIar an nps a,nameus In nrnvIdtnT for denost IN
M a3 amount not less than %5 cents, 10 be for-
sr.nt -, ~ ~ l,ent iii, t}s 5cno.itos. Tho shali
rcretyr intcrnat At The rntc u pcr cent, nutl,
ha comrc,tci in;n crstincatcs nry;ie Tor by th
Xii.
IT, tvoo9 declined tn y,eld for the amend.
,nsnt mI' "o'o "se4'''e' ~ ''0'1 AVE- 'A' '"''"o
IT. IT. NG.a y Uno 'aiose rIose ~ H. o rch,r
otfcrc, m amendment that. II, lien Ok the ccrt-
cates nroy,ieI f0r. tho Secretary Of the Treas
Treasury to the crcuit Of any one presenting or
forwarding 1t to the Treasury nny sum not less
tic same quarterly at tho rate Of per cent per
Annum, and shall cstnblEth ru1esand regulations
fUr the withdrawal OF payIn,nt Of such deposits
pruYtcI TINT when the silm OF $40 shall have ac.
cumulatcI to inc credit Of any person per
cent bond shall be issued ID discharge aud pay.
ment uf II,
inn,i, question ordcred,-Jeas 1ifa1 nays ~.
mcnt that certificates shall be convertible infer
sty months} Into lntviu money and Of any linlo
into ncr cent bonds.
Tho amendment was retcctcd,-yeas 81, nays
1ai.
Tim next yotc was taken on Burclarf's sub
stltutc, mud II was lefcated,-yeas e., unys
| i5s.
Mr, Springer moved to lar the bill on tho
'4s Ms. Run,v movcd to allourn. and tho YEAS
| and uavx wrrc nrJ,ercd.
Durlpr iho roti.rail the bour Of 4:3o arrived,
at wlItci, tin3e Tho lIoisn had agreed to take d
rccs.s ,'nt, 7; hut tbs speaker ruled that The
~ nars s In. md Tie LOUIS At 10 took rscess
until 7:a0
which sH Vas ~ aaopic,l, for tho % payment to ts
chiilron OF tho lato D. D. Douglass OF The re.
mnintlsr Of ,tls salary % t1,embgr Of thu Forty.
tifth Congress.
EyRx.ra SESSION.
Ing oasG tesa,a ~ ;.ss ny onr,,ent o. to 1
,,n.,t ut tt,c nrsf vofo hcinc On a rnntion ~ III
os, .i 70 os. Isx III" iii nv thc tahIr Ts IL w..
defeatcd-yeas, II; iayt, los; aud tho bill then
FH va rh.l-man' ,' - ,ho f,our,,,co r.,
ar "uet ro,,rrtad ~ ~ ~ XII y,
% %Ma1s ha n,atcs motc. re,ryohie inr mt,,s an i
otnteo o'"sc' "o'e' ''e'e'ao'o 'o' "u'''' y" '''
poftt. o.onta ,...oa .h,, hn ;,o.,-s, ~ .t,ox =,
AZ ,re,mr ths, -" src "''tn. .nnI ~ n4
i,aa u inn - tcv wc," contynI"n, ~ ts
ftcelVanlo ~ 'vnH o. .ns{ ":e III G!sa,t". .,t @ ~
solu. =, .tt ~ l., s,r'n % ~ ~. 49,, T. ~ ~
Dune 'os . ~ S. M ~ ,,,,t Xxx, h .. w, -
nSct ;te .nti ,o,,,,n X ~ cnirv 20 sA'' ""'
caia'tv tv f9u nrm ot,an ~ .1 u III nr,,c.
,I ~ ti,c ,ntF;si,,rt i1,n ~ I'm nm,"i,,,s
~ sir. harrison lli.) lto 0ar'ie!dl-lIas the