The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-02-05
COMMERCE AND CURRENCY
The Two Great Topics esterday In the
United States Senate.
THE CuLLoM BILL WAS PASSED
BY Il Vote of - TO II, With its Rail.
road Commission Feature.
a SYNOPSIS OF THE MEASURE.
The Mcpherson silver Bill Is Taken I'm
and Made Special Business-AIore
kicks in the House at the
Galveston scheme.
q SYNOPSIS OF THE MEASURE.
GENERAL WASHINGTON REPORTS
XLVIlI Congress

w ASHlNGVONt req. 1,--Att0r reading
the Journal,
The CHAIR (Mr. Edmunds) asked
unanimous consent to invite to the floor
of the senate the chief justice OF the
Dominion of Canada, who was in the
Capitol. Unanimous consent was given.
The CHAIR laid before the senate
the presidents message, relating to
Mrs. Grants offer to the government,
of the swords and other military and
civil testimonials lately belonging to
Gen. Grant, recommending that con-
to place Gen. Grant on the retired list.
Mr.. HOAR, from the committee on
privileges and elections, reported that
the credentials OF William NJ. Evarls,
the newly-electod senator from New
York, had been found detective, not
being signed by the governor, or coun-
ter-signed BY the secretary of state.
The credentials aud report were laid on
the table, Mr.. Hoar saying the deticien-
cies would doubtless be supplied before
Mr.. Evarts' term would begin.
A resolution offered by Mr.. HILL
was agreed 10, calling upon the secre-
tary of the interior to communicate TO
the senate the reports of Inspectors
HObb and Green, OF the general land
Office, on the subject of fraudulent titles
to lands in New Mexico and the the cor
respondence thereto relating.
A resolution offered by Mr.. COCK
RELL was agreed to, calling upon the
postmaster general to explain why GER
tain statements had been erased from
the documentary history of the railway
mail service, recently sent 20 the senate,
The senate then, on motion of Mr..
CULLOM, resumed consideration of the
Interstate commerce bill.
MIR. VAN WYCK moved 10 modify
the section that provided for the nav
ment 81 the necessary expenses of the
commission SO as to cover only nee
essary travelling expenses. He said
there had been so much scandal cou-
nected with tte expenses of the commit
tees, ETC., and he ueasury department
had been so i5erai ihst he (Van Wyck)
thought the ad ltion to the section of
the words suggested was desirable.
When the question had been put, the
presiding officer (AIr. Frye) after the
usual pause, remarked that the chair
has not heard sny senator vote either
aye or no, and is therefore in doubt.
This brought full vote which was
unanimous Tor Mr.. Van Wycks mo-
ton.
Mr.. SALISBURY, in some remarks 6
on the bill, said he had never seen any
good come OF commissioners. What had
the civil service commission ever ne.
complished?
Mr.. PLUMB remarked, what it had
accomplished would, to the Democratic
apprehension, be much more apparent
in about thirty days than it had ever
been before.
The bill having been perfected, it was
reporte to tbs senate from the commit
tee OF the whole, wasread the third time
and passed-y cas-, 10; nays, II.
The CHAIR laid formally before the
senate the Texas Pacific railway land
forfeiture bill.
MIR. MORRILL, moved to Law It aside.
in order to take up the house bill for the
retirement and reloiuage Of the trade
dollar.
The bill, as amended by the senate,
provides also Tor n suspension of the
coinage of the standard silver dollar.
The senate by q vote of 81 yeas, ~ navs,
decided 10 tase up the last named bill.
Mr' INGALLS, moved 10 strike out
the tlth section, which is the section
suspending the coinage of standard
dollars.
Mr.. MORRILL, then addressed the
senate ON the bill. He did not feel that
the government is under the slightest
legal or moral obligation to redeem
trade dollars, and he had reluctantly
consented to the measure in order to re-
lieve the country from at least one of
the embarrassing incidents which sur
rounded the silver question.
He spoke Of the danger OF
silver coin alone suddenly becominp
the standard money of The United
States, and of the rapid increase of sill.
yer certificates, which he characterized
as a queer form of paper money, and the
most expensive paper currency ever in
vented. In conclusion, MIR. Morrill, said
81 do not wish to demonetize silver, or
to reduce the amount in circulation, but
L would make 1t safe and
practicable to increase the amount
held in our financial institutions
as well as in the hands of the people,
The present bill and the amendment
are intended TO provide against an un.
toward combination, or event, that shall
leave the United States with only one
OF the precious metals to support our
standard OF money. We greatly need
them both. 1t may be lar ofrSit may
never happen, but if we should be al
any time driven to the single standard
OF silver, IL would be n
great disaster, affecting the value
all properly and all Investments. The
blow, should IL ever happen, would
strike with greatest severity upon the
workingmen of the country, who would
suddenly find their wages largely re-
duced by cheaper mode of legal tender
payment of employees. The United
States are better paid than in any Eu.
ropean country, and the London Times
In speaking on this subject on Sep.
tenber IL, 1888, says:
With regard to the remuneration OF
labor, assuming that the product oI
labor to be 100 in Great Britain, Sc parts
go TO labor, 2l TO capital aud % to the
government.
In France IL parts go to labor, 30 tc
capital and % to the government.
In the lniten States one-half part nc
TO labor, u to capita, and to the govern
ment,
This shows for any depreciation oi
currency which may at any time arise
that the laboring men of the country
must bear the bfunt of the loss. Oi all
measures which may affect the welfare
of the laboring men, there are none
more insiduous or more disastrous thar
those which tender remuneration fo,
labor in deprecated currency, or n cur
rency below that of the standard value
throughout the civilized world,
Mr.. M'PH ERSON said there would
be S25,O0O,OO0 (Y) IN silver in the treasury
vaults by August. 1886, and he favored
the immediate suspension of the coin
age OF silver. He believed the govern