The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-19


favor OF contracts for supplies, etc.
The report was adopted, and the blll now
goes to conference committee. The bill pro-
vides that the Secretary Of the Treasury shall
cause TO be exchanged, at the treasury and at
all sub-treasuries OF the United States, legal
tender silver dollars for trade dollars into
legal tender dollars as provided by law, and
shall stop the further coinage OF trade dol
lars.
Pending consideration OF the BILL Mr.. At-
kins submitted a conference report on the
legislative appropriation bill. He explained
the report, and said that among other things
the committee struck out the appropriation
for stationery, and also the clause for the
payment OF labOrers of the District OF Coun-
bia. After discussion the report was agreed
to by 9 vote OF 85 to 66.
Ih6 House then resumed consideration OF
the bill for the exchange OF trade dollars for
the legal tender dollar.
Mr.. Morton, Of New York, opposed the bill.
He was In favor Of q bi-metallIe currency
when II can be Of advantage to the business
Of the world, but the time for q bl-metalllc
currency. was not now. II
Mr.. Warner offered an amendment BY
adding proviso that the trade dollar
received under the act shall not be counted
February, 1878, and the trade dollar chopped
or restamped for circulation In China shall be
excluded from the provisions OF this act.
Mr.: Warner said Il this amendment was
adopted he didn't think there would be
received. He didn't sAre the apprehensions
which many gentlemen seem to entertain OF
great danger to the country by silver held
abroad Ia any form.
amendment to limit the time Of exchange to
period OF four months from the passage OF
the act. He offered this amendment to eX-
clude stamped coins from China. The amend
ment OF MIR. Warner would not accomplish
this purpose, because In some cases the
stamps were put on the coins SO that they
could be easily removed without damage to
the coin. and these would be returned for re-
demptiOn.
Mr. McLane OF Maryland, said he was as
much In favor OF the silver dollar as the
gentleman from Ohio. He did not believe we
would ever dispense with 1t and depend on
gold alone. These two metals, gold and sill
YER should be equalized, and until the country
can equalize them, the gentlemen from Ohio
should possess his soul tn patience.
Mr.. Warner-I can't do it. Laughterl /
want to give the silver dollar full advantage
with all other money.
The discussion on the bill was interrupted
to allow the appointment of Messrs. MeMa~
hon, Cobb and Monroe as d conference conn
mittee on the judicial expense BILL.
The silver bill was taken up again, and Mr..
Monroe gave notice that he would offer an
amendment by addiog proviso that moth.
| Ing contained in this act shall be 30 construed
as to increase the amount OF legal tender sil-
yer dollars to be coined monthly under the
wanted to pass the bill because It would
make the trade dollar equal to the legal ten
der.
Mr.. Lounsberry wanted the bill referred to.
the Committee on Banking and Currency, and
would make that motion at the proper time,
for he thought the laws should be carefully
examined. He called attention to the fact that
since the act of 1876 Was passed, which au-
| thorized the Secretary of the Treasury t0
| regulate coinage according to the demands OF
commerce, that the coinage OF trade dollars
| had steadily increased, and Ii the demands of
commerce were 90 absorbing the coinage
should not be- stopped as proposed BY this
bill.
| Mr.. Mills gave notice Of an amendment 10
make the trade dollar exchangeable for legal
tender paper money instead OF the standard
silver dollar. He wanted q vote on that to-
show that the Democrats OF the House had
the interest," Of the people at heart In the mat
| ter.
Mr.. Keller thought the whole measure un-.
wise, and II the opportunity offered he would
offer substitute bill to make the trade dol
| lar tender for any amount not exceeding $5.5
| Mr.. Brewer, OF Michigan gave notice OF an
amendment to prevent the redemption OF such
dollars as were SO Clipped as TO decrease
their bullion value, or such as were restamped
| by any Individual or foreign government.
Mr. Stephens, who had the closing of the
debate, said he would occupy his fifteen min
utes tomorrow.
The previous question was then seconded on
the bill amendments, and pending further
action on 1t, the House at4 40 D. m adjourned.