, 1880-12-21
speech. tncrul,y announcing that lc hatt Ia
ken Ills sent fir TIM session,
tt~te t-fctlt1H

fHHM THE HEt.tsHt
To the trtJffFn 4isJ1tt lied I'Tis.
WAs,IrSuruS, u. G., Der. 4o.-.On motion
OF Mr. Davis NV. Val tho bill to relieve tho
'rYcas,,rvr Of Tho United States from tho
amount now charged to llith nlla deposited
will, the several Stntes Under tito net OF 1s0
was taken up.
Atr Davis explained ulat tho money cot,~
tcructt was practically donation to the
States. 1t hat mt been called for By tho
tiuvcrns.lcnt In tttucs nr gsrat ,lettl, ail
doubtless never wouln be. Tho bill wOlilll
0bvtnie tic need nf carrying tho alnoiltit OF
sas, 0.0oD oil tie l,ooks Of the Treasury.
Mr.. inua!is tl,oNaht It Nnj"st 10 tic States
uln,i,el s!iicc ISM 10 give tl1ls money To the
older Statcs. Inconvenience nf cnrrying tho
iieurcs on t1e Treasury bonlss was not serious
enough to nccesstase 4 EIft Ut 2s,0oo,oW
THE ontutSAL CONTRACT
was tint tho money Should nEways 10 sub
feet Ia cnll by the United Stntcs. II
Mr.. t;urln!,tl considered TIC debt Of thc
S.utcs rs eonitably o'ltlawctl ty limitation,
mud by tho cnrduct OF tho Government It,
leading tho States to believe 1llo money would
never h. called for
AIR. Kirk wool said Tint when the Ecr
cent bill was ZIP nt the Inst session the charge
WIS tnnt.e That lilo Statcs Interested were
pnolfng their Interests to carry tile Dill. II
he had not tllen thnllght salcls charge In
proper to bc lnatc he would be tempted inw
to say the twenty-clpht States Interested III
this llll were mnsslng their strength to ST.
eurc this s.s,co0,0No. lio now osrcrcsl, rs q
srcnnd section 10 tts bill, tho sliflsatlcG OF
the pcr cent bill fall0wfng to tli1 yari0sis
States : per cent on tho yntnc Of the lnllds
granted within their limits by Tho military
bounty warrants, said Status being entitled
by Their Enabling acts u rcr cent IN TIC
sales Of public lands within Their lit1lts).
Mr.. ThMrsllnn Thought tic 9 per cent Dll',
If IL good Unc. should stand o1f Its own nor-
It's. Without discussing tic amendments he
repeated his ollcctiolls late Oh a former oc'
rasl"l to b''t cretsis!l,R S:suoo't0o 10 TIC
States. Tie General GoyernMent llnu no
right To give money From tho lrenssify to tho
States. Tllis money was really part OF the
funds Of the Government, nslt appeared US
such ol, Its books. We owe ss,ouo0o,ooo.
Oar Obvious duty is to pay Il otf rs fast 'ls
possible. Every dollar OF tic ID0too,WN or
SSN, N,000,011 DUE ueSt year could tic lH'1u 11l
tu ten yenrs without unduiy btrenng TIC
PEOPLE, vet It il proposed to extend 1t for
forty or lltty years, and nt tic sano tine give
away s:@, ,o0O, QUO, give AWAY public lind, n,!I
f,crt.,se Gytlculittlres. rs we were tlotttE.
Tie inevitable result If ttlls kind Of policy Is
to create M irrctIucible public .lcbt. 1t wns
to make our ,lcl,t like tic British, conso!s,-
perpetual annuity. 1lr regarded Il perpetual
debt as o,,e or the greatest curses tl.at could
he inflicted vpt.,, a nation, lie opuosetl ttis
bill us part Of system OF Legislation tending
to bring OH thls misfortune.
MN ~ovx.1yn
thouuht Mr.. Thmrmnn,s argument y!,;atc,l,
Jikn tnnuv otbcr cont1 arguments, ,,y TIM In
turrectucss of hin premises. In 1Ep, there
was n s,,rr,]ts tn the 'rrcnsurv. raised h,.