The New York herald., 1879-12-13
President Hayes Position on the
Currency Question.
DUTY Of THE SOUND MONEY mem.
The Bayard Resolution in the Senate
Finance Committee.
WADE HAMPTON and THE ELECTORAL VOTE.
A Flat Contradiction to General
Gary's Statement.
FROM OUR SPECIAL CORRESPONDENT.

FROM OUR SPECIAL CORRESPONDENT.
WASHINGTON Dec. IL. 1872
PRESIDENT HAYES VIEWS ON THE CURRENCY
QuEsTIoN-rHE DUTY OF SOUND MONEY MEN
IN CONGRESS.
General Hawley saw the President this evening
and had very full and free talk with him on the
Hawley not only very interesting but also i'm
portant. and when it had proceeded for little the
General. struck with this. asked the Presidents
permission to take careful memorandum of what
was said. to which the President at
sentsd. and authorized him. if he TT. to make it
public. The President said:-
The practical question is. What shall be done7
Already there are propositions in both houses in
opposition to the principles of the Message and at
least an important resolution-Senator Bayard's-in
Now what is required in my Judgment. is that upon
these propositions there shall he q thorough and full
discussion. The result of such discussion will be
to show the country that the issue is precisely
what it has been for several years past-namely.
question between inAationists ON one side aud the
friends Of sound. stable. constitutional currency
the other Let every man who believes in hard
money vote against the propositions in both houses
which against early return to the constitu-
tional currency, and let him sustain, by voting and
INV 1oh all, NJ poyo
look to the action recommended by the Message.
1T is not to be regarded o party question.
but If it were. policy could be wiser for the
publican party than to stand by the principles and
measures with which they have been identified for
the last Eve years. If they fail to do it they give
opportunity to the democratic party. which will
enable it, il it is wise. to carry the country in $780,
There much further conversation, but these
words Of the President. taken down by General
Hawley and read over to him. cover the subject
sufficiently and seem to make it needless for Mr.
Fort. of Illinois, to report anything further in his
line eB
To another gentleman. also a republican, who Wis
tied the President yesterday on the same
subject of the repeal of the legal tender clause the
President said in substance. the thing. said
that to the practical question of how and when
to carry out the principles of the Message am con-
ndent that full and thorough debate the resolu-
tions. pro and con-, which have already been offered
in Congress will develope the fact that the true
issue on the subject Is the old. familiar ques-
ton which has SO long divided our public
ma ipfo ipNnf An xha
and hard money men on the other" and
that 'in my judgment the course to be now taken
by hard money men is to oppose by votes and dis
cussion all resolutions antagonzing the principles
Of the Message this subject and to support all
proper resolutions looking to their embodiment in
practical legislation The sooner this line of action
ls adopted the sooner the friends of sound and
stable currency Congress will ind that they are
sustained by the people,"
Mr.. BAYARD's LEGAL TENDER RESOLUTION BE-
FORE THE SENATE FINANCE COMMITTEE
MEMBERS SHOWING THEIR HANDS.
At tho session of tho Senate Finance Committee
to-day the republicans for the hrst time showed
their hands. and developed the policy which they
to have determined of opposing. or. at least.
far possible delaying. all action looking toward
the repeal Of the legal tender clause. The Warner
Silver bill FIRST in order Of business having re-
mained over from the last session. On motion of
Senator Voorhees, to-day its consideration post
poned until after the holidays and thereupon Senator
Bayard's resolution for the repeal of the legal
tender clause came up. The committee consists
of Mr. Bayard. chairman. and Messrs. Herman WAL
lace. Voorhees, and Beck (democrats) and Messrs
Morrill,. Ferry, Jones of Nevada and Allison (rcpub-
discu az ofr rho
mittee to-day showed that Allison and Ferry (repub-
lcans) hostile to it and opposed permission to
report it to the Senate; So too, Voorhees, and
Beck. Jones of Nevada end Wallace of Pennsyl-
vania absent. Bayard. Herman and Morrill,
were favorable to q report to tho Senate. Senator
Wallace. II present, would have voted with these;
but even this would have made q tie-thrce demo-
Gratis and republican for the repeal of
the legal tender clause and two democrats
and two republicans against. Seeing how
the members present stood Mr. Morrill, moved
the postponement of the resolution for further
sid until January s. which agreed to- and
20 the question goes until after the holidays
s just ns well. for there il good deal OF evidence
showing that the friends of sound and constitutional
money as the President calls it. are gaining IN cour
ago aud in numbers. It is considered certain here
that the Finance Committee WILL after the holidays
a least. permit Senator Bayard to report his joint
resolution, and II would not be surprising IL BY
that timo tho republicans had awakened to the
biunder they are making. and should rush in with
propositions of their own in the shape Of modnca-
lions or an amendment to the Bsyard resolution.
Among the democrats the numbers favorable to .
repeal of the legal tender clause increase Also Mr.
Frank Hurd, an Ohio sound money democrat, is
working hard to got out OF committee and before
the House bill Of his which proposes to repeal the
legal tcuder quality of greenbacks after 1881. He
his determination. unless the Speaker inter
ieres against him. to have this bill thoroughly debated
in the House. He Is an ablo and courageous man,