The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-18
The following were also Introduced and

referred:
By Mr.. Call-To repeal section SlsO of
the Revised Statutes. This section pro-
hibits the payment Of any claim against
the Government which occurred pnor 10
1861 in favor oil any person who engaged
in the late war
By Mr.. Eaton Authorizing the appoint
ment Of Tariff Committee.
Mr.. Groome offered the following:
WHEREAS, It is desirable to have all the
reports, communications and other data
concerning the proposed inter.oceanic
canal carefully and fully considered and
inquired into and reported upon; there
fore be it
ReO'red, That select committee OF nine
Senators be appointed by the presiding
officer, whose duty it shall be to examine
into the subject OF suitable route for the
construction OF an inter-oCeanic ship canal
across the American isthmus, and all peti-
tons, memorials, resolutions, bills and
reports on such or other method of tacili-
taiing communication between the Allan
tic and Pacific, be referred to the commit
tee, and they may report at any time such
resolution, bill or report as may be best
fitted TO secure such communication be-
tween said oceans.
Laid over under objection to present
consideration.
Mr.. Morgan offered the following: Re-
solved that the continuance OF the exist.
ing volume OF U. S. Treasury notes, with
their legal tender, be preserved, and the
maintenance Of their equivalent in value
with coin is demanded by present necess-
tiles OF trade commerce and industry, and
that full restoration OF silver coinage. to
equality with gold is now necessary to se-
cure to the people Of the United States
sufficient and permanent supply Of money
to maintain our national prosperity.
Speaking on this resolution, Mr.. Morgan
said 1t was antagonistic to the resolution
recently offered by Senator Bayard, that
the latter was supported by large mer-
camille and banking interests OF the coun-
try, who had sent petition in its favor to
Congress, which had not yet been pre-
sented, but which was known to be on its
way, and which it may not therefore be
improper to allude to.
Though the principle OF that resolution
might be theoretically correct, there was
danger Of going too fast into endorsements
at the present time. We were too prone
to think our existing prosperity perma.
nent. The price OF labor in Germany and
ireland, and in other foreign countries,
had been reduced under monetary and
other legislation there until those coun.
tries are beginning to uudersel us in our
own markets, aud 1t was probable that
we would thus lose much Of our adyan.
tage in foreign markets; also that Ameri.
can patriotism is not shocked at being per.
mitted to purchase foreign goods at low
prices, and II foreign countries undersell
US they will get our trade, II this
occurs we shall have need OF all the good,
sound money we can get, and possibly
more to prevent calamity. The petition
he had mentioned was conspicuous for
the absence from its signatures OF labor.
ing men or persons in small business
great capitalists and large dealers were
urging on this movement. Their opinions
are entitled to great weight. They are
not more or less disinteFested in their
opinions than other men, but their skill in
financial management is not easily divest.
ed from their own welfare and directed 10
the interests OF other classes. New York
is great city OF banking reserves, and
nearly all the paper discounted and ex,
change sold in In other cities, Is paid IN
New York. The Treasury Department
does all its own fnaucierinr there
and seems unable TO carry on ID
operations without the aid OF New Yorl
bankers. It does not follow that the In
terests OF money centre are antasonfstic b
those oil the whole country. Capital ant
labor are necessary to each other, and NJ
country, however rich in natural resources
progresses in civilization unless It know
how to avail itself Of capital. But capita
results from the intelligent labor Of th
people and should not be organized agains