Los Angeles daily herald., 1886-01-13
CONGRESSIONAL.
The Proceedings in Both
Houses Yesterday.
SILVER QUESTION IN SENATE
Reagan, Pugh, Bland and symes
ON Silver-Presidsntial
Appointments.
Special 10 tas Herald bv the Associated Press
SENATE.

ing for the purchase Vi we VII foNoo
Exchange and sits in New York City 70
army purposes. The bill appropriate
$3.50. COO, or so much as may be necss
sary. for the purchase Of the site an'
necessary alterations and remodelling o
the building. The bill. on Logsn's mo
tion, was read q third time and passed
The President pro tenn, asked permis
sion Of the Senate to be absent after to
morrow for the remainder Of the week
aud that Senator Hawlsy be his subsH
tute as presiding officer during that time
Unanimous conseat was given.
Pugh resumed his remarks ON ths
Beck silver resolution. 1.-THE London
press" he said, chad joined the money
kings Of our Eastern States In demand
ing Of Congress suspension Of the sll.
yer coinage. They want 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" Pugh insisted, chad not been
treated fairly, either by our public
officers or banks, but has been held up
well in spite of them. Whenever silver
gets the same treatment as gold
under the natural laws Of supply
and demand, if then 1t should not hold
its own, Pugh would deem the contro.
vsrsy settled, but he had no doubt that
silver would come out ali right in any
case. Pugh expressed . willingness to
support any change In the existing law
that would Withdraw any paper currency
under $40 or even $40 so as to give the
entire field for the use Of small bills or
small change to silver and silver certif-
Gates. He advocated the passage OF the
bill heretofore introduced by George,
which. Pugh said, would give the Ma
tional Banks . better opportunity OF be-
coming acquainted with silver.
Vance followed. He said the pres
ent attempt of the moneyed men Of
the world to depreoiats silver was one
OF the grandest conspirsciss ever seen
1t was tyrannical aud cruel blow
directed at the common people Of ell
lands. The banner Of the attacking
party should bear In plain letters the
words of Holy Writ, "To him that
hath shall be given, and from him that
hath not shall be taken away, even the
little he hath" After considering the
question OF the whole amount Of money
in use in the world, Vance went on to
show that the growing commerce and
the increasing population required in
creased money facilities. The increase
In our population, he said, was per
rs~t 49, .-~..o ~.I -..~ xu.~.tookoxso.
2l} per cent. The mines of the world
were yielding only II per cent.
increase Of the present money supply,
yet we were told that we must obiiserate
"a per cent Of the money, supply, that
being the ratio of silver In the worlds
stock Of coin. The success OF the efforts
against silver would result In the great
est industrial oalamities Every species
Of property would shrink. the only ex.
osptlons to that result being gold and
debts, which would be increased to the
extent which property would have
shrunk. Every public creditor. Vance
said, took our silver dollar gladly,
except only the class that distinctly and
solsmuly agreed In writing not to take
il. But we are told that silver has gone
down. This is not 30 much true as that
gold had gone up. Vance read from the
late financial reports Of the Hsvsns
markets to show that American silver
dollars were at q premium over the
silver coins of England aud France. In
the course Of all this economic read.
ing, he said, ''from Moses TO Sun
set Cox" Qaughtsrl he had never
met case % weak as that made
now by the enemies OF silver.
He had heard many caaes argued lin
schoolboy clubs and In crossroads debat-
ing societies; he had heard pleas made
from the tail ends Of ginger. bread carts
and had read endless plstitudes Ia the
Congregational Record, but he never had
met or seen a worse abuse Of logic or
feebler attempt to outrage common sense
than the arguments used by our bank
ers. bondholdsrs and gold men generally
in the discussion Of this silver question.
The rApecity of avarice, he said, was 80
repugnant to the moral sense of man.
kind that 1t always sought to disguise
its ugliness by assuming the garb Of
virtue, 40 the bondholders and bankers
told Us that they wanted silver coinage
stopped, not for their own advantage;
oh, no, but for the sake Of the poor
workingmen, whom they preferred to
their own chiefest joy.
Vance ridiculed this pretenpion, and
said the war on silver was in the inter
est, not Of those who labor, but of those
who speculate in moBey. In reply to
the statement that the people would
not take the silver dollar aud that when
issued il had always come back TO the
treasury, Vance contended that the law
required our offirces to pay II out, and II
II came back again to pay 1t out. II the
officers OF the Government had done
their duty aud complied with the laws,
there would have been no difficulty
with silver dollars. They had refused
to pay them ont. There never has been
another instance In our history In which
our officers had boldly taken on them
selves absolute discretion az TO whether
they would execute or not execute the
law. The money lords OF the time were
controllers Of our money affairs. These
were the successors of the feudal
lords Of the middle ages, but they
did not have the same class Of
persons to deal with. Zone thing can
assure them" Vance said, In conclusion,
'sand that is that In this country, where
the people rule, silver Is not going to be
demonetized."
Browne remarked that, owing to severe
hoarseness, he would prefer to postpone
till Thursday next, the delivery Of his
remarks on the silver question, and
Maxey said that he, too. would address
the Senate that day on the same sub.
ieot. The executive session adjourned
The executive session to-day, after
confirming about 100 nominations a. fast
as they could be read, Is said to have
reached that of minor Postmaster,
whose predecessor had been removed to
make a vacancy. Some one inquired
the cause Of his predecessors removal,
developing the fact that the COMMITTEES
on Postofices and Post.roads had no in
formation on the subject. This gave
rise to an hours discussion Of the alb.
stract right of the Senate to information
Of this character. No one was able to
say what the policy Of the Administra-
tiou In this regard would be. Beyond
the expression of individual opinion,
and Ia some casea the narration Of the
individual experience Of Senators seek
ing Information of the heads OF the Ex-
ecntive departments, nothing was done.
HOUSE.
The Speaker announced the appoint
ment Of Messrs. Singleton Of Mississippi.
Wilson Of West Virginia and Phelps OF
New Jersey as members of tho Board of
Regents Of the Smithsonian Institute.
Mr.. Burrows Of Michigan, from. the
Committee on Postofioes and Poat Roads.
reported resolution calling on the Post.
master.G General for information as to the
changes made in the law regulating the
compensation to railway companies for
carving the mails, and also as TO what
facilities are necessary to enable him to
make thorough aud satisfactory exam
nation Of this subject. Adopted.
The House, on motion OF Reagan Of
Texas. went into Committee Of the
Whole. Blount Of Georgia In the Chair,
for tho consideration Of the Presidents
Message.
Roaean took the floor with long and