, 1880-01-28


shanld hn regarded nnly rs Temporary, tilo |
1[n,1sn Of Representatives, u1tlnrn suspension |
of Gle r1!s, by ~ ysas s,. to on!y t, nays, r.,
necessity Of the contraction Of tl!G currency,
w,tl, View to rs early n rcslmptiatl Ut specie |
payment rs the business interests Of the |
Fyya sotTy T neef1 efTh Il s a e Ma l.. Fs syey HG9xs Ks
possiblc." Among The 4! 4!suppnrters of this |
resolution find tho following WHO ore to- |
dug members Of thia body: .Alcssrs. Allison,
cnnk!lng, Dawes, Fcrry' Morrill,, Rollins,
vi slr. IaysrG went on to s|,ow low this
t3ilcy llalt been nbandoms,a and tho notes
rcissiictl and kept IT. circt!latt,n:
During tile aehatG, l,o sal.i. which attended
mt Secrctnry Of tho Treasury, Mr. Sherinnn,
who had Charge Of the bill In tlils holy, was
nsket! by several Senators, myself mining tfe
number, whether by tho rrt!cinl,tiono OF United
to be ...... .....
RETIRED AND DEsTnoyEp.
and llc declined to give my construction
wllateyer to tho lazy On TINT phnt.
Mr.. Elmunsls-Wlll tlie Senator from Del
dul'h. III lis own mind as to what the con-
Mr. l'ayarl-I All unable TO say what its
construction was. Thought i was double
tie contiactiUnists by one construction, and
ii tic iniiatiollsts by another construction.
thought It WIS n snare, Rsll nut a wurtty
trentlssnt Of great @ snb{ect. .,o o,o. =, ,-1
because It seemed perfectly ecar to he that
tic redemption It provided fur was the re-
deMptl0n that took out, tn potnt u Inv, fron!!
exstence al! United Suites notes tl!at Should
A(r. Bayartl--0f the abtllty of the Senator
from Vermont to form ar opinion, 1lo l!latl
las II ioubt. At the saine tine, ! repeat tllat
the measure wi.s supported here hy the gsil- m
| tion to the full extent of tho fur. hundred
| millions. There was ITO reference In my re-
mark to tho opinion OF the Senator from
Vermont. WINS referring to tug gentlemen ~
answer for them, and who refused to put Il
Continuing, AIr. Dayarl said: The Issue Of
Treasury notes WIS ut 1l1 time Intended as
4 PERMANENT MEASURE,
With OF, without, the leEa'-tensler power; yet
porary cxpedfence is still forced,
com eo%t'nue!!y In perpcStuation. %S 1na Senator'S
%rhess .5 '!otSs arS now vt nas; afH re- e
tic l,ol.lur, III gold al,d silver goin., rhure-
fore let well enough aione." To this con-
plexton have we c0ine: TINT q proposition to
ndopt measures Of admitted safety md wis
called !" tinkering with tlto tllaIices."
Wr. President, such condition Of senti-
1nrnt nlurllls ine, and only cntlSt.s NE to bo
more vigorous IN my efforts 70 secure my
This assumed legnl-tellder l'owcr Is like tho
germ ur the deadly foyer, md needs only tho
lieut. Ut the excitement OF speculation, Of war,
Or Of distress, to develop its deadly powers,
md It Is while II IL dormant and would
TUT AN END TO ITS EXISTENCE.
The present condition Vt prosperity may soon
be I'LL reversed Hight, Md STORM, and
drought inny destroy 0tlr crOps; events com:
mon III tic history of nallor,s may .lens;lll
fr0lll our exc!leuuer extraordinary payments.
By II ctslluL ncruss the lsthmAsot tho southern
border Of this col,tlnaIs y one Of worlt-widt
lnrae: n1 " sSsry ryi heT'f AaI II ft
may be questioned, but it will he maintained
Every counsel VI .is'loln ,tsaercfore exhort
us " to seize the day., alut IN time of pcace t.
gGspFft sy to for ays& w.t. ffr f. i he ! wtw sS S',ys
| OF tho legal-ten!lcr power from United 5tate;
notcs cail to Injustice to no nun, and calllo
lcssen the value of tile notes IN the lands o
any holder BECAUSE NIL equivalent tQr w
! III case my creditor silonld refuse to nceep
t them. Tile endowment Ut Government note
: with lcgal-te1ltter power las nlways
FAILED 70 PREVENT DErlsECtAT1oy
when public confidence alad once becll sliakel
| lie
! lB7O. lie first tccisiun of the Supreme Collr
. was REACHED against tho power. Of Congress
to make notes legnl-tt,ltlcr for tlehtS, tlls uf
, feet was to rafsu tho value Of sucl
! notes III the lnarket. by. dlmlnishln
J tllo prulutulu upon guild from !
to Is per cent, md, OH tho contrary, when i
/, tic yuar following this decision wis reyersc
and tho power III Congress sustained, tho vain
Ut notes declined a1nl the premium upon gol
Immediately advanced. BY tho public pres
W. aro Informed tilat a wlde expression q
- public opinion Ii to l,4 brought to bear up,
/ Congress to intluc,,co the passnge Of til
. "Wc0ycr BILL" tlo not propose 10 discus
its ulcrits, except to sny tills: II It be just
relieve these tliscnrged soldiers and sailor
T. fr0Il tho effects Of tlcprcclatcti Iegnl-tende
!. currcncy, tic gatio nle,tsliru Of justice Is du
i. Tic officers Ut botl branches Of tho seryct
!. and NC cp1ln0t deny, In equal jnsttce, t
y tllo wounded md crippled pensioilel
J. Of tho War, nor tho civil servants OF IL
Il Government, Nay, / tloltbt whether tnstl
i wo could stop there, for tic Injustice cause
q bY ti,u G0ycr,,lnert III tile emission Of sue
a notes and nuKirg tirl,l lcgal-tcllslcr for Il
II private debts Should also be rulne.liea, al
" Where debts contrlcted III gold al,tt sllya
). prior to lSf, (wlleu such coin a!ono was IL