The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-02-23

Mr.. GARFIELD. rep OF OHIO in a tone OF bitter
| irony, spoke OF the debate a solemn occasion in
which the unburied remains OF that old subject
which had been supposed to have been laid away in
its last resting place had wandered back to these halls
''revsiting the giiinpses OF the MOON. IL
of belated ghost. Ii brought bac; the echoes the
old currency debates in the Iortieth. Forty first and
who dixie himselfl believed i'll resumption might
possibly have been excused tor saying little now
and then about its success. British men-of-war
never passed Copenhagen without firing broadside
in communication of the bombarlment of its for
sumption might be excused'f they occasionally fired
u salute over its success. Bnt that the other side
should fire sort Of fn de joe over that lost cause
was astonishing. He rdiculed, in passing, speech
of Mr.. Kelley of Pennsylvania, published under tho
flaming heading. Resumption Impossible
Mr. KELLEY interrupted him to ask whether the
banks had resumed specie payments. and whether
the government redeemed its five dollar notes in gold
any where except at the New York Sub Treasury He
had said that resumption impossible. and the
experiment of the Secretary of the Treasury in pro-
hbiting the payment OF coin anywhere else than at
New York confirmed his thesis.
GARFIELDs WARNING.
Mr. GARFIELD intimated that il that the
the gentleman should not have withdrawn the pam
phlet from circulation. He noticed that it
longer be found the stands OF the boob sellers
Mr. KELLEY suggested that that showed the popu-
lar demand
Mr. GARFIELD went on to argue against the bill and
the amendments. he said that all the great business
interests of the country all wise business men,
SAYING LET the currency laws alone let business
cover itself on the basis that have. Business
recovering He recalled what he had said last
sion, that the storm centre of danger in this
Capitol lie believed that it would have been great
blessing time within five wears if Con-
gress had passed the appropriation bills and gone
home even to the neglect of other important egisla
ton if it kept off its hands from tinkerng with the
currency and business OF the country. His expert
ence in the House made him fear that there
would be any permanent safety to the business OF
the country so long there a greenback left,
because the grccnbacks being used constant
source OF agitation and irritation In conclusion he
moved that the bill and pending amendments be laid
on the table.
Mr.. PRICE. (repl of Iowa; also argued against the
bill and amendments, and recalled in tho
House fifteen years ago, when the present advocates
OF paper money denounced the greenback
anecdote told of Mississippi river steamer
rounding to to get wood The captain. hang the
owner of pile OF wood, asked him the price per
cord. The wood owner asked what the pay
be in. "Greenbacks!" shouted the captain. Then
the price will be cord for cord was the answer. He
believed from the attacks the national banks that
eventually they would be driven to the wall aud
| wildcat currency would come into circulation
again He indorsed what Mr.. Garfield had said that
If the peoples representatives had only sense and
| honesty enough TO let the currency alone
business adjusting itself the country, and to-
day the country had what the republican party had
been fighting for 'o, these many years. 1t was to
the republican party that the country indebted
! for having an equivalency between paper and gold
| and silver.
talked, he said if he had the whole people at his
back. Did the people tas his colleague claimed
In the elections of last fall the resumption question
| had entered into the discussion III almost all the
States. the republican party planting itself on its
achievement of resumption and the opposition party
whether democrat natonal) planting itself the
repeal of the Resumption law; and the republican
party had come out OF that contest in minority in
every State of the Union except six His colleague.
, therefore, should not bank" too highly tho
assumption that the people the country were con-
tent with the resumption scheme Resumption did
not mean the equalization of paper money with gold
1t meant the addition of from fifty to sixty six per
cent to the burden of all the debts and to be
paid by the people We're the people. he asked going
to allow sixty cent to be added to the effective
pal. railroad and individual debts. of not less than
five billions of dollars by forcing prices down to the
any such thing The question not to be dis
posed of with sheer. Unless the demands of the
such bill as this the whole resumption scheme would
| be smashed, even though some political parties
| might have to be smashed.
| TREASURY RESERVE NECESSARY.
Mr.. BURcHARD, (repD of H.. opposed particularly
| that feature of the amendment which provides that
called bonds shall bear interest only thirty days.
| The present administration giving everybody
opportunity subscribe TOR the four per bonds
| Every citizen, no matter how humble, could take
four per cent bond and because under this arrange
ment subscriptions are coming in rapidly, gentlemen
| now came in and criticised the action which had
been taken under the law. II the power of the
rotary to accumulate coin was taken away, in week
ali the legal tenders in the country would be rushed
| to the Treasury for redemption. 1t just
necessary that the government should have
| as that bank should have
| Mr.. CHIrTENDEN (rep.l of n " thanked the gen.
teman from Ohio (air. EWING, in the name of all
advocates of honest money for ais traikness to the
country to-day. He (Mr. EWING had made speech
and expressly declared his policy in regard to the
| currency of the country. and his belief in ire
| deemable paper currency now and forever. The
House had discussed the currency question for fif-
teen years II had done all in its power prevent
resumption; but the tides OF commerce had been
much for Congress, and resumption had come in
spite OF it. The who HAD fought against re-
sumption had fought losing battle had those
| who had fought to make an eighty-ive cent silver
| dollar equal to gold dollar. This House had been
| at work tor ten years with currency devices in the
interest OF bankrupts but the time for that out.
4 Ihay f.la npll ltaE. 4,tnt ~
Mr. HAzELruN. (rep.) of Wis., said that the gentle
man from Ohio MR. Ewingl had told the House to-
day that he. as Flavius Maxmus. would ccave the
helmet of the present national banks. Let him
that gentleman that when Jackson had cleavcd
the helmet of the old national bank he had scattered
x46,UWooo or the peoples money to the winds.
Upon that gigantic the democracy 20 horse
itself and ride again to defeat He defended the ma
tional banks and gave the history of those nstitu-
tions from the Bank OF North America down. show
ing that they had always given prosperity to the
country; that they not born OF the money
power. but of the purcst patriotism and highest
statcsinanship.
LAID on THE TABLE
The House then proceeded to Mr.. Garfeld's
motion to lay the bill and amendments the table,
and that motion was agreed to-yeas 14l nays 10
as follows:-
Baker Of New York. Banks. Bayne, Blair, Bliss Boyd
Eandss CAIN c'l HMM c@npsc Candle JsnDen Gag
Iowa. cole csnscr, Covert. crspe Cumming, pa%ford
bayis Of ca,iiorpa , Dean bearing snisSn Duane
pennsylyanis Evans OF Indiana Foster rrye Garfield
iarris oil Massachu-
scts. Hart HAYES liszcon. cidcc Henry, Henderson
Hewitt Of New York lsccck Iiubbc Hunter Humphrey
lIungerford. Ittber Jxncs Jones' of New
Jones of ohio. Jorgcnsen. Joyce. keifer. k-ighty.
kcteham, Lapham Latham, Lindsey, lockwood. oring,
Mash, Majors. Marsh, Mayham. McCoak, McGowan,
MITCHELL Monroe. Morrison. Morse. Muller Norcross,
Overton, Page Patterson New York reddic Pollard
Potter. Pound. Price, Pugh. Kancy. Randolph Rice OF
Massachu sets Robbins Robinson of Massachusett- Ro
bnspn ct Indiana, Ross Ryan, sampson, Sapp sexton.
Shacnbcrer, Sinncknn Smalls, smith
| stone of Michigan. %
Iowa. strait. Swami. Thompson. Upton townsend of
Ohio, Townsend of New York. Van Worries. N.cde Mad-
dell. Wait. Ward. Warner. Watson White Of Indiana
Williams of New YORK. Williams OF Wisconsin, Nilliams
of Delaware, Williams Of oregon, Willis Wood aud
| Mrcn-i4l
NAys-Me-sts. Aiken Atkins Banning Beaie Bell, Brk
nell Blackburn. Beunt, Boone Bragg. Bridges Bright
Brugtcn, Butler tas.ll Caldwell kentucky
Caldwell OF Tennessee, Cbslmrrs. Clark of kentucky
Clark of Missouri. ryncr, Cobb Collins Cook Cox Of
Now York traNcns Chittcndcn Culbcrson Cutler David
son, Davis OF North Carolina. Dibrell. Durham Eden
/ Elan, Evius Of south Carvlna, Ewing Felton, Finley
OF Ohio Fleming, forney. Fort, Franklin Fuller.
Garth Cause. Giddings, clover, Gocdc Guntcr Ham
Ii Of HIM