The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1886-01-21
FoRTY-NlNTH CONGRESS
Annnla.

committee on finance, supstitute TOT MI.
Eustis's recent resolution, which, after a pre-
amble similar to the preamble OF Mr. BeckS
former silver resolution, provides as follows;
Resolved by the senate and house'of repre-
sentatireS, etc, That the secretary of the
treasury be, and he is thereby directed, in
all payments hereafter made of interest on
the bonds and notes of the United States and
in the purchase or payment of | per cent ot
the entire debt of the United States, for tina
sinking fund, rs now required by law, to pay
out gold and silver coin rs nearly as possible
in the same proportion in which gold coin
and certificates and silver coin and certitl-
Gates were received during the preceding
fiscal year for duties ON imported goods,
Mr.. Beck said tho finance committee had
had Mr. Eustiss resolution up this morning,
but had not finished its consideration. In or
der that the committee may have the subject
fully before it, he asked the reference of his
substitute to that committee, and it was so
referred.
Mr. Pugh resumed his remarks ON the Book
silver resolution. The London press, he said,
had joined the money kings of our Eastern
States In demanding Of Congress the suspen-
sion of silver coinage. They wanted to sweep
away every kind OF money but gold, Then,
indeed, we should have no God but gold and
no kings but the national banks. Silver, Mr.,
Pugh remarked, had not been treated fairly
either by our public officers or banks; but
has held up as well as il did in spite Of them.
Whenever silver gets the same treatment rs
gold under the natural law of supply and de
mand, il then itshould not hold tits own, Mr..
Pugh would deem the controversy settled.
But he had no doubt that silver would come
out right in any case
Mr.. Vance followed. He said: The in
crease of our population was three per cent.per
annum, and our manufactures two and half
per cent. The mines of the world were yield
ing only one and che third per cent. increase
of the present money supply yet we were
told that we must obiterate a per cent of
the money supply, that being the rates of sill
yer in the worlds stock of coin. Tho success
of the efforts against silver would result i'll
the greatest industrial calamaties. Evess'
species of property would shrink--the only
exceptions to that result being gold and debts,
which could be increased to the extent to
which property would have shrunk. Every
public creditor, Mr.. Vance said, took our sill
yer dollar gladly, except only the class that
distinctly and solemnly agreed in writing to
take it.
The senate confirmed the following nomi-
nations: George a. jerks, assistant secretary
of interior; Henry l.. Muldrow, first assistant
secretary of interior William +. Mclean,
first deputy commissioner of pensions; Joseph
| Bartlett, second deputy commissioner of pen
sions Robert B. Vance, assistant commits
| SlOItT VI IbiltiltS, w lltilH1 VI ANON
York assistant treasurer of the United States;
/ William e. Smith of New York, assistant
secretary of treasury; Conrad N. Jordan Of
/ New Jersey, treasurer of the United States;
| Colonel John Gibbon, to be brigadier general;
, Colonel Absalom Baird, to be inspector gen
eral, with the rank of brigadier general
| Captain Henry J. Farnsworth, to be inSpec-
tor general, with the rank of major
Senator Hawley presided over the senate in
| the absence of Senator Sherman,
On motion of Mr.. Harrison, the senate coli
Cured i'll the House amendments to the bill
/ legalizing the territorial legislature of Wy
1ming.
The following bills were introduced:
By Mr.. Colquitt-To appropriate 500, 900
TO continue the improvement of the Chatta-
hoochie river below Columbus, Ga.
By Mr.. Wilson of Iowa--To prevent the
publication of lottery advertisements.
By MIR. Bowell-To establish public park
at Pagasa Springs in Colorado, to be known
as Bruno park, and to be under the control Of
the secretary of the interior.
By Mr.. Morgan-To provide for marking
with monument the grave of Gen. Daniel
Morgan, in the cemetery at Winchester, Va.
1t appropriates SIS, 600 for the purpose.
By Mr. Dawes-Granting the right of way
to the jamestown & Northern Railroad COM
pany through the DEVILS Lake, Indian reser-
walton, in Dakota.
Also, to ratify an agreement made by the
Pah-Ute Indians granting the right OF way
10 the Carson q Colorado Railroad company
through the Walkerb River reservation in
Nevada.
Also, to amend the revised statutes so that
all persons who, without authority of law,
are found upon any lands set apart for the
Indians SHALL upon conviction, be fined not
more than $500 or imprisoned for not more
than one year, or BOTH for the first offence
hall Ia E,,aI
$500 to $1,000, or imprisoned from one to two
years. 1t also provides that the wagons ant
outfit of such persons shall be seized, anc
upon their conviction, forfeited, one-half Of
the proceeds to the inforlner and the Other
. half to the United States. Indians are mad'
competent witnesses in all these cases. 1t Il
provided however, that the act shall no
apply to emigrants or travellers peaceabll
passing through Indian lands without com
hitting any willful trespass or injury to per
sons or property
By Mr.. Hale-Granting to the town o
PASSPORT, Me-, in perpetuity for apublic park
the Fort Sullivan military reservation.
Mr. Coke called up Mr.. Beck's silver reso
luton, and addressed the Senate on it,
suspension Mr.. Coke regarded as tantamoun
to a complete stoppage of our silver coinage
Silver, he said, had not deprecated, but golt
had risen in value. He showed, by statistics
chandise, there had been an average fall o
twenty-six per cent. since 1870, while Their
had been fall of only twentythree per cent
| in silver bullion. 1t was therefore, an abus
of terms to say that silver had deprecated
Silver constituted one-half the quantity of al
the coin in the world, and the stoppage of it
coinage would deprive the world of one-hal
: its coin supply and would double the purchas
ing power Of the other half. The fight agalns
silver was fight against the people by tn
banks and bondholders. twas a fight agalns
labor. Had Andrew jackson been in the Whit
House at any time since 1873 the sllVe
question would have been settled. He woul
j. have executed the laws of the United State
, and would have taken by the throat the cor
, spracy against those laws. In 1878, whe
the coinage of the silver dollars was ordered
there was in the United States only S244 600
! 900, while to-day, according to the report c
tho director of the mint, the gold (coin an
bullion in the United States has increased
5000 900, so that, instead of silver coinas
having driven gold out of the country, on
supply of it had become trebled since the 81
yer coinage had commenced. American 81
yer should be placed on an exact equalit
with gold everywhere, but, whether right
wrong as to free coinage, we should lnsl'
that our government officials should execul
the laws.
A resolution was agreed to, authorizing Il
secretary OF the senate 10 pay une pHiS II
Cured in the attendance of senator's at Il
funeral of the late Vice-President Hendrick
Senator Hoar introduced bill appropri
ting $40, 900 for a monument to James Mad
son.
large number Of petitions for the FIR
i coinage of silver were introduced. Senat'
{ Beck said that a large number Of petitio
for the suspension of the SLY
coinage had been sent to him, b
no declined to present them, becau
he believed they are being procured by an
{ yanized effort in New York and read in su
port of his assertions a so called confident
, circular asking that such anti-silver petite
! be prepared in different localities for ira
mission to Congress.
Mr. Edmunds introduced the bill viii
passed the senate Of the last Congress, pl
viding for ''the collection of the statistics
and relating to marriage and divorc
throughout the States and Territories, a
, the measure will doubtless receive the cord
support of leading men in all parties.
, A bill was favorably reported increasi
: from 5000, 900 to s60O,00 the annual app
priation for arming the militia of the Stat
, The bill provides that no part OF this shall
maid unless each State has uniformed a
equipped 100 men for each member of Ct
gress.
>