The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-05-19


5 agreed to was one offered by Mr.. Noorhee
J. from the Joint Committee on the Library
3 appropriating 5000 for the purchase Q
works oil art,
The amendment recommended by tn
Committee on Finance appropriating $50,
/ 900 for the Diplomatic and Consular ser
/, vice, TO be expended at the discretion o
!. the President OF the United States, wa
agreed to. The reason for this amendmen
, Is that there Is now q movement In Eu
! rope with view to arrange for a bi.metal
, lie standard, and It might be though
advisable to send representative thithel
to take part in the proceedings.
Alter short Executive session, the Sen
ate adjourned.
HOUSE.
Mr.. Springer spoke in favor OF his
amendment, to which Mr.. Beliord'sa samend
ment was offered. II would make the tlif
ference between the value OF bullion and
the value OF coin inure to the Government
instead Of to the bullion owner. Il would
give the bullion holder eighty.iour cent
Tor his bullion, which 1t was worth; and
not one hundred cents, which It was moi
worth. 1t would put into the Treasury
the difference between the bullion and
coin value Of silver, and keep 1t there as
trust fund for the people OF the United
States. lApplause on the Republican
side.
Mr.. Bnckner opposed the Springer
amendment as proposition utterly de.
structive ofthe whole theory on which the
bill was founded. ltwas worse blow al
silver than the proposition Of the Secre-
tary OF the Treasury TO stop its coinage at
100000. This amendment cut the
throat Of the silver dollar; and il Il was
put upon the bill he would vote against the
bill, because II would then put into the
hands Of the Secretary of the Treasury the
very power he desired, and would yirtu.
ally stop the coinage Of another silver
dollar.
Mr.. Newberry opposed the bill.
MIR. Bright, OF Tennessee, said that the
question was, whether the Government
should have seignorage on coin, or
whether the country should have a free
coinage; and argued that when seignor.
age was put upon coin it would be driven
outof the mints. lieopposed Mr.. Spring.
er's amendment as amounting to little less
than a tax OF III per cent on the coinage OF
silver bullion.
Soon aiterward vote was taken on Mr..
Bradiord's amendment, and 1t was defeat
ed. Yeas 81, nays l2O.
Mr.. Ewing offered an amendment 10 Mr..
Springer's amendment It provides that
the Secretary Of the Treasury shall issue
and deliver TO the depositors Of silver bull
lion certificates to an amount equal to the
value Of such bullion, and that silver dol.
lars coined from such bullion to the ex.
tent OF 40 per cent. OF such certificates
shall be held for redemption thereof, and
the remainder applied to the payment Of
the interest and principal OF the public
debt The certificates 80 issued are to be
received at par far all dues TO the United
States, and 10 be used in payment Of cur
rent expenses Of the Government, and are
to be redeemable in standard silver dol
lars.
Mr.. Cannon favored Mr.. Springer's
amendment, because it would give the
profits OF coinage to the Government, and
not to the holders OF bullion.
Mr.. Bayne denounced the whole bill as
sheer, unmitigated fraud, and not in.
tended to subserve the best interest OF any
class Of people except holders and pro-
uncers OF silver bullion.
Mr.. Marsh argued against any change in
the standard Of value.
Mr.. Garfield said Congress had never
legislated on any question that reached
further, both territorially and in time, and
touched more vital interests than those
touched by this and similar bills. He ar.
gued at considerable length against the
bill.
Mr.. Warner said he was glad the pres.
ent Administration had been induced by
the action OF this House to open CORES
pondence on this question with foreign
countries. He hoped that that action
would be backed up by the vote of the
House. The opinion seemed to prevail
very generally that II this bill passed il at
once transferred by law 10 per cent OF ali
silver bullion that might be coined TO
bullion-holders. The absurdity of that
proposition was to him so plain that he
only wondered that so many had fallen
into the fallacy and had become bewild-
cred oil that point. Take for instance,
gold. 1t was set apart from all other
things as q money metal, and the coming
OF it did not alter its value. The same had
been true OF silver exactlyu up to 1873. An
ounce of bullion had had precisely the
same value in the market as an ounce of
coin.
Mr.. Haskell declared himself To be an
enthusiastic bimetalist but opposed to the
billand Mr.. Springer 'samendmentt thereto,
becauseit the bill passed the gold would
leave the country and the currency would
be contracted to the extent OF two hundred
millions.
Mr. Ewing said the great apparent OBJ.
ject OF the amendment OF Mr. Springer
was to save the Government the difference
between coin and bullion OF silver; but
the great defect OF the amendment was
that, while repeating las this bill would re.
peal) the existing law making peremptory
the coinage Of S2,0OO,0OO a month, this
amendment would commit to the Secretary
OF the Treasury the power at his discre.
ton to stop entirely the coinage OF the sill
yer dollar. How? Because il said the
Secretary should buy at the market price
Where. AT London, or San Francisco, oil
New York, or Virginia City. Hehad right
to fix where; being utterly and intensely
inimical to the coinage Of the silver dollar
| he would so construe and exercise his
power that no bullion.holder would sell
} at tho market price as declared by him
The country would in that way be put Of
I with a coinage which he vontured TO say
Z would not amount to the present coinage
required by law. The amendment whict
he proposed fixed the market value at tn,
average market price ut New York anC
y San Francisco for the week preceding tn,
!, time the bullion was deposited.
The vote was then taken on Ewing
: amendment, and 1t was adopted-yeas
Q l06; nays, los; the Speaker casting til,
], deciding vote amid applause on the Dem
a ocratic side.
o Mr.. Springer's amendment, as amende,
!. by Ewing. was then rejected-yeas, IS
Il nays, III; and the House then, on nc
II ton Of Mr. Clymer, adjourned until Tues
day.
East.Bound WheeIbarrow Man.
It WASHINGTON, ISn., May III. P. Fec
:. ermyer, the man who is wheeling a barro,
/ from San Francisco to New York, arrive
Il (. III = -