The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-05-20

every Gaze the roublo hhs been
s s,son, Osy o sss p,'n ,ss b.o oP
affected, and In some oasts not by certify
ms checks, but ratnar by decentralization.
The proper remedy would be 10 prescribe
SOME penalties against any dealing In spec
| ulsuve TRANSACTIONS by officers OF banks. or
using monsy OF the bank ia any trsnsac-
tlous that such officers might engage In.
Mr.. Sherman saw no'speoial uaa in COM
milteo investigation IA New York. We
had government officers there who could
give us all the needed information. II @
| committee were to 20 there 20 mako a
| oommotion and keep up the sgiihtlon 10
regard 10 tho failures there, II
might enlbArrass others. To osll
| the recent troubles. q panic, was applying
| 10 70 nisnomer; there had baen no pAnio !
he people OF New York hBd not been
| alarmed. The aecuritl63 specially affected
had been those involved Ia the ,ransnctions
exposed by failures. But contllef &c Ia the
| standard securities Of tho oountry had not
| suffered. IL wac like a case of Storm con.
| fined 20 the locality OF New York City and
not xtending over any other pert ot the
country; II had resulted In clearing tho at
mosnhege, and he believed tho present
commercial position better than II had
been before the rccsnt trouble.
Mr.. Morgan said the tcars OF the senator
rom Ohio (5horman) wero grouudless II he
supposed any injury could come 10 the
proper business OF the country by On in-
vestigatior. Tho proposed business OF the
country did not mean the operations CT
stock gamblers. Mr.. Morgan criticised the
n1iion Of the secretary VI tho treasury for
his interference In the lsts troubles, and
the officers OF tho government generally for
not seeing that this banking lass we're en-
foroei. We might as well, he
said, farm out tho credit OF
the United States 10 the faro dealers
on pennsylyanis avenue, as 10 allow the
nntional bank OF New York 10 farm on,
their credit 20 stock gambling and other
business OF buying and ceiling things that
hsd no existence and that were vel char.
ac.erized by Il question on imaginary and
M thicAl existence, propounded few days
ago In Now York by Francis n. Bangs 20
Fred Ward. Mr.. Morgan feared much, how
ever. that the parties who bad 20 long been
pets ofthe government would a. least be per.
mttted 10 eubside into quietude and peGcs
among the millions they hgd laid aside,
IS lille those who had been wronged would
remain unavenged. Let tho oommittee on
inaucs, said Mr.. Morgan. In conclusion. 60
once do its duty TO the government. The
resolution was referred 10 the committee IN
finance,
a resolution was offered which went over
tlii lU-1llNATNMt Nug NDhihhihbNp VIZ
public land to make Inquiry whether the
New Orleans. Baton R1Uge g. Vioksburg
railway expended money TO influence con.
gressionai scion,
A message from the house was read an
nouDcing non.corcurrence in tho senate
amendments 20 tho Indian appropriation
til. The senate insisted on its amend
ments end agreed 10 refer 10 the commit
tee on conference.
The chair having announced the regular
| order b be Utah, Mr.. Hoar consented 70
| let IL 90 over temporarily, and the blu Tor
| the creation OF bureau on labor statistics
was taken up, and Mr.. Morgan addressed
the senate la support OF Ghrland's amend
msnts which placed the collection o. labor
s,stislics in charge OF tbs statistical bureau
Of the treasury department.
Mr.. VanWyck moved 10 amend by re-,
curing that the chief OF the bureau should
| be a person identified with the l2boring
classes end prohibiting the importation OF
foreign labOrers from any country under
contract. Pending debate on tho bill, tho
senate went into executive session aud soon
gave Notice lh8t tom brow he would Call
up the agricultural appropriation bill.
| HOUSE.
| WASHINGTON, May 10 i Press.I -The
contested election case OF Wallace vs.. Nc
klnley was postponed ana Randall nj
tempted 10 secure the passage OF three ap'
preparation bills as agreed 10 in COMMITTEES
Of the whole on Friday last. TO this GOT
Inns objected and tho speaker procaedod TO
the cali OF states for the bulls.
The following bills were introduced and
referred:
BY Weller-Authorizln the SECRETARY o.
| the treasury 20 use as soon 90 may be Gil
surplus money In the treasury for the re-
dcmption OF bonds outstanding, at price
By Lewis Prohibiting conformation, Ger.
titicstion and patenting unearned lsnu
grants.
BY King-Direcing the secretary oil the
treasury 10 allow n rebate OF 1Oper cent. on
all goods i'm ported In vessels OF American
register.
Holman reported the Legislative, judicial
and executive appropriation bill 10 com-
mittee OF tho whole.
Hatch OF Missouri, rising on q question oi
privilege, nppologizsd 10 his colleague
Alexander. for osrtsin language used %,
ward him Saturday during consideration oil
Noslce wsg given That the wallace.Mc'
Kinly Gaze would not be called up until
next Monday. ,,,,
proceeded TO consider the appropriation
| bills.
Cannon moved to recommit the consular
and diplomatic appropriation bill, with in
struclions to the committee on approprla l.
| lions to report back the bill carrying apprc,.
priat ons, similar 10 those Tor the current
year, with certain speoihed exceptions
| Lost-Yeaa, SO: nays, 1876 the Dill tneh
passcd-Yeaa. 100; nays, 80.
The army and District OF Columbia appro-
priation bill, were passed without oppoSi'
Collins, from the committee on judiciary
moved TO suspend the rules and auopt tne
resolution making the senate bankruptcy
bill the special order for TIesdsy' June
10th. The motion car'ied-iQn to GO.
Culberson. OF Texas, favored the motion:
| willis thought the bankruptcy bill should
not bs pressed until the presidential cleo
ton was over. A bankrupt law 10 dem oral
izine and promotive Of dishonesty. At this
very time Wall street is Ia q mselstrom oil
speculation, and great names were resting
under shadow OF disgrace on ecco uni Of
that speculation. CONGRESS shouiu no. GA,
law. which would operate as an injury 70
nublio morals and would work ruin To
thousands Of widows and orphans. -,
Holman snd Moulton opposed the OIL.
COLLINS said he was not to be deferred
from HE advocacy Of the bill by any sug'
gestion es 10 the imminence oil tue ptssi-
Dental election. Lot IL come WIN III IN.
believe the passage OF the Bankruptcy no.
would initiate against the .intere.ts oil ms
marty. The motion was lost cas- lo'
nays. lib. Not necessary for two-thifds ma
jofity In the Affirmative.
The banking and currency committed
was the next on the list, and wilkins wa
ready with resolution fixing toe day To-
confederation Of the McPherpon bill, but
motion TO adjourn was interjected ans
carried.
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