The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-05-23
Part Of the lawful money reserve q the

part OF the lawful money reserve ot the
National banks.
After some colloQuy It was agreed thai
debate be allowed on the Sth section.
Mr.. Hawley expressed his dissatisfac,
ton with the whole bill.
Mr.. Springer: The law under which
these bonds were issued provides In terms
that the bonds shall be discharged In coin
OF standard value then in existence. ]
defy the gentleman from Connecticut
(Hawley) to point out any act that ever
fixed different contract for issuing those
bonds.
Mr.. sapp: Did not the government sell
all those bonds for a premium in green
backs and pocket the ditference2
Mr., Springer: That may be true, but
the law stands on the statute book, and
there can be no contract for the sale Of
those bonds except in pursuance Of the
law.
Mr.. Sapp: Wouldit be honorable in the
government 10 sell those bonds on gold
basis and then turn round and sell them
on deprecated basis? Ell
Mr.. Springer-It Is honorable for the gov
erninent TO carry out the contract, aud It
Is illegal and dishonorable for any officer
OF the government to make a different
contract than that authorized by law.
Applause on:the DemoCraCtic side. The
law which authorized the sale Of those
bonds Is only the authority for issuing
them, and that law says that the bonds be
paid In coin OF weight aud tineness then
established by law. That weight was
% $40 grains Of gold and 4l2 1-2 grains OF
silver. The holder OF the bonds takes that
statute with him and takes nothing else,
The holders OF bonds know that well,
because at the last session OF Congress q
concurrent resolution Offered by Senator
Matthews) was adopted, which served
notice on all the holders OF these bonds
that they were payable in silver dollars,
4l2 l.2 grains, and that since that notice
was served more bonds have been taken
than ever before.
cHTrrESpES BECOMES rAcErroUs.
Mr., Chittenden informed Mr. Springer
that on January 2, last, he had presented
his $40 bill at the ub.Treasury and had
received gold for 1t, and now, said lie,
suiting the action to the word, will present
the gold piece, us n historical record, to
the gentleman from North Carolina (Mr.
Steelel. Laughterl Continuing, he
said, there is not word in any dictionary
that have ever read which fifty expresses
the folly and audacity OF the authors Of
this measure for corrupting and initiating
the currency. daughter. 1t fairly out
herods Herod. 1t implies that majority
oEthe American people are knaves or
fools. Continued laughter.1 As to an
argument with the prOposers OF this mea.
sure Of initiation you might as well argue
with mad bulls. I4aughterl. As an ex-
ecutCr, own s., 7,OOOof44 per cent bonds, for
which l paid to the government gold last
year.
NOTICE "TIE EXPRESSION, III you PLEASE"
KNEW then that the interest was payable
in coin, but also knew that the govern
ment had never, not hardly ever, but ney.
er, loud laughter) offered its creditors a
dollar in silver for payment for interest on
its bonds. If borrow good horse from
the gentleman from Illinois (Springer) and
oder him bad mule in return, he willsay
| am damned scoundrel (shouts eflaugli-
ter, aud so say that the government OF
the United States is damned scoundrel II
1t pays me deprecated silver as the inter
est on the $1,000 in bonds which hold
for a widow. This proposition for issuing
certificates is the greatest monstrosity ever
proposed in civilized legislature. There
is not member OF the House who votes
for this bill that will not repent it in dust
and ashes, provided he is subject to the
honest sense Of the American people. ]
thank the great God who made this coup.
try that there is no more chance OF this bill
passing than there is OF the country sink
ing into the bottomless pit OF degradation.
Laughter and applausc.1
After some further discussion, the ones
tion on the amendments that the certili-
Gates may be computed as part oi ilawiul
money reserve in the National banks, was
rejected without division.
Mr., Warner offered an amendment pro.
viding that the gold and silver bullion
which shall become the property OF the
Government by the return OF certificates
to the Treasury in payment Of dues shall
be coined ana paid out the same as other
money. Adopted.
Mr.. Buckner offered an amendment to
the Eighth Section, making the minimum
denomination OF tho certificates SO in
stead Of 10, and striking out the provision
that the amount OF the certificates shall
not exceed by more than 20 per cent the
amount OF coin and bullion In the Treas.
ury, and adding a provision that all GER
tiicat0s for gold and silver bullion Ishall
be issued at market value OF such bullion
at the city OF New York, at the time Of de.
post.
GARFIELD SAYS SOMETHING.
Mr.. Garfield said that the law in refer.
ence to gold certificates had been passed
at time when the Government was
anxious toget by every means 1t could all
the gold possible into the Treasury. It
had invited the people who had gold bul.
lion to come into the Treasury and deposit
Il In nrflar N st ron nIhn tho Enrnn., ,,nnI