The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-08

coin reesvsd in payment Of customs dues durng the
of IT, referred to The Committee GU Finance said
eommii,ee authorized and make such invss
laws relative to the payment Of custom, dnes ana the pay
have been and are being complied with
port by bill or otherwise.
Laid over upon an objection of Mr. EpMusDs.
Mr.. DAVIS DENY Of W. Va, submitted resolution
to print the testimony taken by the select committee
to inquire to the of keeping the books and
accounts of the Treasury Department and alleged dis
crcpancies therein. Agreed to.
SPECIMEN PEACE AND GOOD WILL.
Mr.. EDMUSDs. of Vermont, said on this glad morn
ing of the year, when there peace and joy
and hope everywhere, he thought it best to offer
resolution tending to cement more perfectly the good
VIII and harmony throughout the land. he there
fore submitted the following
Resolved. As tho Judgment of the Senate, that tho th
tuton of the United have been legally ratified and
o os as valid ana OF the same % athory as any
have common interest ia the enforcement OF the whole
the right and the duty OF Congress 70 enforce said amend
%sns and protect every citizen in the exercise Of al the
ready passed for that and by further appropriate
s ss S @ L c Sy q" the
Win 70 ear S as nse Sxos
ton and of Congress to appropriate all moneys needfu to
Resolved further That II is the duty of Congress
s s OF s % si stat sd IA the % right t, to-
vote tor in and to ms end the
prepare report may bill for the pro
lection OF such rights and the punishment OF nfractons
Laid at the request of Mr.. Edmunds. to be
called up by him hereafter.
Mr. MITCHELL. trep.) Of Oregon, submitted reso-
luton requesting the Secretary Of the Treasury to
transmit to the Senate the report of William Cover
nenr Morris on the condition of the public service,
resources, Nc, OF Alaska Territory. Agreed to.
THE TRADE DOLLAR.
Mr. VOORHEES,, (ieni.) of Ind. called up the reso-
sion instrncting the Committee Finance to in
qure into the expediency of making the trade dollar
legal tender for all debts public and private and OF
providing for its recoinage into the standard dollar
SPEECH OF MIR. VOORHEES,
Mr. VOORHEES, said The functions OF the trade
dollar money fraud lent, and the people had
right to protection against further abuses 1t was
simply an article of trade manufactured at the minis
OF the United states in violation of the constitutional
power OF Congress. The origin OF the trade dollar
was dsreputabe in other respects. 1t was part of
that conspiracy which denonetzed the silver dollar
in 1873. He spoke of the purposes for which it was
claimed the dollar coined and said 1t had failed
in its mission abroad, and had now returned home
to cheat the honest people OF this country
The number OF trade dollars i'll existence was much
larger than the people had any idea of. Thirtyhve
millions had been coined aud sent forth into the
channels of trade and commerce. The people had
suffered loss by of the deception practised
them with the trade dollar. The best method for
legal tender and recon 1t into the standard silver
dollar This plan had been objected to because brok
ers held the trade dollars and would profit by the
passage of such law. 70 extent this true.
but this sufficient to continue the
culaton, and said the laboring classes
demanded volume of currency which would meas
ure the value Of labor and property at fair and
healthy rates. scarcity of money in circulation
cheapened every acquisition Of human toll He argued
that the silver money was not recevng fair play at
the hands of the present administration and those
who drew their inspirations from it,
SECRETARY sHERMAN's COURSE.
He reviewed the course OF Secretary Sherman in
relation to the standard silver dollar law and said
the execution of this popular law in the hands
OF its most conspicuous and pronounced enemy
The hard specie dollar OF our fathers had been de-
nounced as dishonest dollar. and the Secretary of
the Treasury had lent his Office to a conspiracy to
destroy it, The Secretary admitted. in his to
the recent resolution of the Senator from X lucky
(Mr. Beck, that no allowed the bondholder to say
what kind of coin he would receive in payment Of the
interest ON his bonds 1t was the paiu duty of the
Secretary to both gold and silver in proportion to
the amount OK each he had under his control. He
ferred to the aco of tho national banks Of the city
OF New York last November and said they proclaimed
rebellion against the lawfully constituted author-
ties OF the government. Their document in regard
to specie resumption was addressed to the Secretary
of the Treasury The Boston banks Endorsed it, but lie
Mr. Voorhees, believed the rebellion had gone fur
ther He had seen biil the passage OF which he was
assured would be urged before the New York Legis-
lature, which virtually demonetized silver in that
state. but such unconstitutional act could stand.
III spite of all adverse he predicted the
Anal triumph OF the silver dollar. The country had
just entered upon the crude experiment OF forced
p q rnn nanas
has been paid for the bare proclamation OF specie
sumption In his Judgment the results to follow
Specie resumption would be full OF disasters and
hurdships to the people OF this country. The people
whom he had the honor. in part, to represent. de-
manded that resumption should not rest on
gold alone, but should rest basis
AZ strong the unlimited coinage Of
silver well gold could make it.
This was not q mere party ISSUE The producing
classes plead for finance REFORM for justice relief
and honesty. Our whole financial system the
work OF the republican party. aud upon the leaders
OF that party rested the defence OF the SYSTEM Ii any
defence could be made of it after having brought
such suffering to the people.
At the conclusion OF Nit. Voorhees, remarks the
resolution was laid over without action.
PATENT LAWS
The Senate then resumed consideration of the bill,
which partly considered before the holiday
cess to amend the Revised Statutes i'll relation to
patents and for other purposes.
An amendment which MIR. Davis, of Illinois, sub
mtted before the holidays, giving any circuit court
power to recognize the decision of another circuit
court OF infringement OF patent and grant in
functions, to continue pending appeal to the Su-
preme Court of the United States was agreed to.
Messrs. CHRIsTIANcY and MORGAN spoke ut length
in favor of the bill, with certain amendments.
Pending discussion, Mr.. MORRILL,, (repJ of Me-,
introduced bill approprating S250O00 tor the
ton of reproot building for the Nationa Museum
to adjon the Smithsonian InAtituton. Referred to
the Committee an Public buildings and Grounds.
The Senate then ut three O'Clock, motion of Mr..
DAVIS of Illinois, went into executive session, and
when the doors were reopcned, at quarter-past
three, adjourned until tomorrow ut twelve o'clock.
Mr. SHARON. (rep.) of Ncv., was in his seat to-day
for the first time TINS session.