Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-05-23

Illegal ana ulsnOnOfaDle Tor any O1ncer OF tne
government to make different contract than
that authorized by law. applause on the
Democratic side.) The law which authorized
the sale of these bonds is the only authority
for issuing them, and that law says that the
bonds shall bo paid in coin of the weight and
tineness then established by law. That weight
was IS 8-15 grains Of gold and AZ grains of
silver. The holders Of the bonds takes that
statute with him and takes nothing else. Hold
ers of bonds know that we'll, because at the
last session of Congress concurrent resolution,
offered by Senator Matthews, which served
notice on all holders of these bonds that they
were payable in silver dollars of 4121@ grains
EACH and since that notice served more
bonds have been taken than ever before.
Mr.. Chittenden informed Mr.. Springer that
January I'd he had presented his $40 bill at
the sub-treasury and had received gold for it,
and now said he, suiting the action to the word,
l present gold piece historical record to
the gentleman from North Carolina, Steele
Qaughter.) Continuing he said there is not a
word in any dictionary that l have ever read
which fifty expresses the folly and audacity of
the authors of this measure for corrupting and
initiating the currency. (Laughter.) 1t fairly
outherods Herod. 1t implies that majority
Continued laughter.) As to the argument
with the proposers of this measure of imitation,
you might well argue with mad bulls
laughter) as an executor. l own
$1,000 ~ per cent. bonds, for which I
paid the government gold last year. I know
that the interest is payable in coin, but know
that the government had never, not hardly
ever, but never cloud laughter) offered its cred
ltors dollar in silver for payment for the in
terest on its bonds If borrow good horse
from the gentleman from Illinois, Springer,
and offer him bad mule in return, he will say
that am damned scoundrel (shouts of laugh
ter), and SO say that the government of the
United States is damned scoundrel if it pays
me deprecated silver for the interest on the
ST., 900 bonds which I hold for widow. This
proposition for issuing certificates is the great
est monstrosity ever proposed IN a civilized
legislature. There is not member of the
House who votes for the bill that will not re-
pent of it in dust and ashes provided he is SUBJ
ject to the honest sense of the American peo-
pie. thank the great God who made this
country there is chance of this
| bill passing than there is of the country sink
| ing into the bottomless pit of degradation.
daughter and applause.)
MIR. Warner argued that the provision about
the 20 per cent. was in the existing law as
applying to gold, and the only object of the
committe on coinage was to extend the provi-
sion to silver. He had no objection, however,
to its being struck out.
Mr.. Cannon reminded the gentleman from
New York (Chittcnden), who had grown elo-
quent over ST. 900 bonds of his widow, there
were other widows and orphans in the country
besides his who had to pay taxes, and he hoped
that equal and exact justice would be done.
(Applause.)
on the amendment that certificates may be
computed as part Of the lawful money reserve
of national banks was rejected without di-
| vision.
Mr.. Warner offered an amendment providing
that gold or silver bullion which shall become
the property of the government by return of
TO- hof auf If n
shall be coined and paid out the same as other
money. Adopted.
Mr.. Ruckner offered an amendment to tie
eighth section, making the minimum denom-
ination 500 instead of IS, and striking out the
provision that the amount of certificates shall
of coin and bullion in the treasury and adding
provision that all certificates for gold and sill
yer bullion shall be issued at the market value
of such bullion at the city of New York at the
time of deposit.
Mr.. Bedford offered an amendment for the
reception of bullion at the branch mint at
Denver and the issue Of certificates therefor.
Adopted.
The previous question was then seconded on
! the section and perding amendments thereto.
MI Ewing offered an amendment to Mr..
Buckner's amendment providing that certif-
Gates of deposit shall be issued at the average
market value Of bullion in standard silver dol
lars in New York and San Francisco for the
week preceding such deposit. This was ac-
copied by MIR. Buckncr and incorporated in his
amendment.
The previous question then seconded on
the section pending amendments thereto. The
first amendment was that offered by Mr.. Buck
| ner as amended by Ewing, and it was adopted.
! The next amendment was the one offered by
Mr.. Clalin to strike out that portion of the bill
| providing that certificates shall be issued in
payment of interest on the pu:lic debt. Re
jected. The next amendment was the one
offered some time ago by Mr.. Lounsbury.
striking out the whole section. This was re-
jected yeas 80, nays 116. Bliss, Covert, Deus
ton, Martin, (Del. Morrison, Morse and O. Reilly
Democrats, voted in the Affirmative, and Bel
ford, Daggett, Fort and Kelly, Republicans
| in the negative.
Mr.. Ewing asked leave to amend the section
| as amended by Mr. Buckner, by inserting III
lieu Of the words, standard silver dollars" as
they occur in that part Of the amendment
which was Incorporated in his motion, stand
ard coin Of like metal To this objection was
| made, and Ewing moved to reconsider the vote
| by which Buckner's amendment was adopted
for the purpose, as he stated of making The
! change he had intended.
Mr.. Congcr moved to lay that motion the
table and the yeas and nays ordered, pending
which, on motion of Mr.. Reed, the House, yea.
LOG, nays 104 adjourned.
|