The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1879-12-24
Yours truly.
THE FINANCIAL QUESTION.
SENATOR VOORHEES, RESOLUTION.

WHEREAS The restoration OF silver mon
ey to the lawful currency of the country by
act of Congress of February %, 1878, wa
demanded, with singular unanimlty, by tn
American people, and is now sustained by
public interests and by the full force OF III
telligent public opinion; and
WHEREAS Bv the act of May 81, 1878
the circulation of United states legal tender
commonly known as greenbacks, was hXed
ut the amount then in existence, to-wlt
S346. 900 600, and the Secretary of the Treas
urv was prohibited from reducing it below
that amount by any process or upon any
pretext whatever and
/ I WHEREAS, The aforesaid United states
ISral tender notes or greenback circulation
having been received by the government fo
cdstom duties, became ut once, and is now
equal in value to gold, and in certain trans
actions at premium over both precious
metals; and
WHEREAS. These financial measures fore
ed upon the present administration and
adopted BY congress over its most strenuous
opposition, have restored the confidence o.
! the business world in the character, amount
and stability Of the money of this country
thereby creating a genera, revival OF trade
and business prosperity; therefore be 1t
Resolred That the Senate has heard will
profound establishment and deep regret the
proposition of the President of the United
States, in his recent annual message, and Of
the Secretary of the Treasury, to inaugeratt
a new and uncaled for financial agitation
with Il view to the destruction of the mos
necessary currencies now in use IN the hands
of the people.
ReSoired As the sense of the Senate, thai
such agitation, is detrimental to the public
interests, calculated to unsettle ali values
confuse and disturb business, shake pubic
and private confidence and that 1T calls tol
immediate and unqualified condemnation.
Resolred, That the true interests of the
country require free and unlimited coinage
both of gold and silver, on conditions OF
exact equality, and that it is the part OF a
wise financial policy to maintain the United
States legal tender circulation, com monty
known as greenbacks, i'll volume not less
than now exists, and to preserve its tender
quality unrestricted to amount aad I'M
impaired in legal effect.
SENATOR BAYARD's RESOLUTION.
1t declares that the United States notes,
shall be received for all dues to the United
States except customs duties.
His resolution further declares that these
notes shall not be hereafter legal tender
excent to the Government in the manner
named, and that any of them reissued after
this shall have that fact plainly printed upon
them.
SENATOR MoRGAN's RESOLUTIONS.
Dec 18TH Mr. Morgan offered the fol-
lowing resolution: That the continuance OF
the existing volume of United States Treas
ury notes. with their legal tender preserved,
and the maintenance of their equivalency
in value with coin is demanded by the pres
ent necessities of trade, commerce and indus
try, and that the full restoration of silver
coinage to an equality with gold is necessary
to secure to the people of the Uni
ted States a sufficient and permanent supply
of money to maintain the national prosperi-
ty.
Mr., GILLETTE's REsOL UTIoN.
The following is the text of the Joint reso-
luton introduced in the House by Mr. Gill
lette and referred to the Committee on
Coinage, Weights and Measures:
"Resotred, by tie Senate and House Of Rep
resentatiues Of the United States Of America IN
Congress assembled, That we are opposed to
any reduction in the volume of United
States legal-tender notes now outstanding
but on the contrary are in favor Of substitu-
ting greenbacks for national bank-notes, thus
saving many millions of dollars of taxes to
the people annually.
''Section ?. That we are in favor of the
-
grains silver dollars, as had been the prac-
tice of this country for eighty years prior to
the act of 1851
A BROOD OF HOUSE MEASURES.
By Mr.. Hurd-Declaring that after the
first January nothing but gold and silver
coin of the United States shall be a legal
tender for debts thereafter contracted, unless
otherwise expressly stipulated.
BY Mr.. Warner-To make United States
legal tender notes subject to taxation after
March 1, 1880.
Mr.. Jones (Texas) introduced bill to
repeal the act for the resumption of specie
payments.
Mr. Price Qowa) introduced bill requir-
ing reserves of national banks to be kept in
gold and silver
BY Mr.. Chalmers Miss "A bill in re-
lation TO the meaning of the word "dollar"
The bill recites that the debts of the Govern
ment are evidences of promises to pay in
dollars that any change in the meaning of
the word dollar which increases the debt
after it was contracted is a fraud on the
taxpayer, and therefore enacting that the
definition of the dollar made in grains OF
silver by the statutes of 1892 and 1884 be
bestored to the new definition of the dollar
made in grains of gold in 1873, after our
debts We're contracted, be repealed, and that
in all changes that may become necessary in
fixing the ratio Of gold and silver, the
original definition of the old dollar shall be
preserved as it was in the acts of 1884 and
1887.