Weekly Chillicothe crisis., 1880-01-29
FORTY.SIXTH CONGRESS.

In the senate, the Rayard resolution for
the withdrawal of the legal tender quality of
q. s, notes, was taken up, and Mr.. Beck made
his promised speech in opposition. He showed
that during the financial legislation Of 1873
MIR. Bayard offered, as an amendment to the
bill then passed. the identical resolution now
pending and ii was voted down by large ma
jority in both houses; in the senate by forty
two to eighteen, six of the forty-two being
members of the finance committee. At that
time none of the capitalist Of New York and
elsewhere who now send gilt edge petitions to
congress favoring the measure, saw danger
in the reissue Of greenbacks. On the contra
ry, their reissue met with universal approval.
II any objection was ever to be made to the
power of congress to issue notes in time of
peace that was the time to make il. Beck con-
tinued by expressing belief that congress
and not the supreme court was. under the
constitution, Judge of what constituted an ex-
igency such as would warrant the issue of
note. Assuming tina. the war was such an
exigency, the consequences of the war had
some importance, and, 80 long as we were taxed
for interest on the war debt and for pensions
to disabled soldiers, there were exigencies re-
quiring the preservation of these notes.
This was scheme TO make national bank
notes the only available money. He would
oppose the resolution of Mr.. Bayard until he
saw money coming from abroad by other
causes than by an accidental state of things
which may cease at any time. II. NJ. Coke
obtained the floor, but yielded to q motion by
MIR. Voorhees,, that the senate go into execu-
tive session. Agreed to, and when the doors
re-opcned the senate adjourned.
In the house. Mr.. Sparks, chairman of the
committee on military affairs, reported bacA
the bill for the relief of Gen. Fitz John Por,
ter, accompanied with majority report
thereon. Mr.. McCoOk presented a minority
report. Both reports were ordered printed anC
the bill made the special order for the 18th o.
February. The morning hour was consumed
by discussion of the bill requiring one.hal
of the bank reserves to be kept in coin. Tn
morning hour expired before a vote on preyi
Gus question could be taken, The house thei
went into committee of the whole on revis
ion of the rules. After an extended discussion
the committee rose and the speaker laid be
fore the house various executive cOmunica
tOns which were referred. Mr.. Damn, from
the committee on public lands, reported bacl
the bill for the settlement of titles in Ho
Springs, Ark. ordered printed and iecommit
ted. Adjourned.
In the senate, on the 22nd, the Bayar
resolution was taken up and Mr.. Coke mad
Rs9each thereon. He said this was yer
different quest on from an endorsement Of th
original issue o. treasury notes. What Vt
might be thouubt Of the policy of issuin
greenhacks they had been issued pronounce
constitutional, and formed foc many yeai
the principal part Of our currency. The
were no more questionable than other result
of the war. Green axis were part of Il
public debt guarant ed bv the fourteent
amendment TO the constitution. He elaine
this was n movement in the interests of u
national banks, and said if the banks can q,
this resolution passed they can double the
issues. This is the great stake they are pla
ing for. He thought there wss a joint NOV
ment by some corporations to entirely d
monetize silver, so We would have only bar
notes and gold. After an executive sessiC
the senate adjourned.
lu the house, after some miscellaneous bus
ness. consideration was resumed of the bar
receiver bill, aud the demand for the previo
question was seconded by 100 10 i8. At Il
close of the discussion the amendment, the o
ly one to be voted upon, requiring the ban
to keep their coin reserves in the
own vaults, was rejected bv 80
10. The question REQUIRED on engro'
ing and the third reaiing of the bi
On the division the vote stood 50 TO lac al
the yeas aud nays were ordered. This yC
resulted in yeas. 10; nays, 1853. and the
was killed. Mr.. Singleton asked leave
present u petition of five hundred Fo.diers
Illinois. which he sent to the clerks desk
be read. Il proved to be in the form of II
OlutiOn asking for the passage of the Weave
bill, and requesting soldiers all over the cou
try TO organize and keep record of membC
of congress who may vote against that bill
future reference. Adjourned.