Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1886-01-20
FORTY-NlNTH CONGRESS-
Senate,

Mr.. Beck submitted for reference to the
committee On finance, substitute for Mr..
Eustis's recent resolution, which, after pro
amble similar to the preamble of Mr.. Bcckt
former silver resolution, provides us follows:
Resolved bU the senate and house of repre-
SentdtireS, 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 OF
the entire debt Of the United States, for the
sinking fund, us now required by law, to pay
out gold and silver coin as nearly MS possible
in the same proportion in which gold coin
and certificates and silver coin and certill-
Gates were received during the preceding
fiscal year for duties on imported goods
Mr.. Beck said the finance committee had
had Mr. EustiS's 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, AMI it was so
referred.
Mr.. Pugh resumed his remarks on the Beck
silver resolution. The London press, he said,
had joined the money kings of our Eastern
States in demanding Of Congress the suspen-
sion ofsilver 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 us well us it did in spite of them.
Whenever silver gets the SAME treatment us
gold under the natural law Of supply and de
mand, If then it should 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 a 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 obtclate "a per cent. of
the money supply, that being the rates of sill
yer in the worlds stock of coin. The success
of the efforts against silver would result in
the greatest industrial calamatics. Every
species of property would shrnk--thc 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 solemny agreed in writing to
take it.
The senate confirmed the following nomi-
nations: George \. jerks assistant secretary
of interior; Henry H. Mudrow, first assistant
secretary of interior William f. Mclean
first deputy commissioner of pensions; Joseph
Bartlett, second deputy commissioner of pen
siOnS Robert b. Vance, assistant commits
sioner of patents; James Whclply of New
York assistant treasurer of the United States;
William f. Smith of New York, assistant
secretary of treasury; Conrad n. Jordan OF
New Jersey, treasurer of the United States;
Colonel John GibbOn, to be brigadicr general,
81 al t, l, in tf,,Tr
eral, with the rank of brigadier general;
! Captain Henry j. FalrSworth. to be inspec-
tor general, with the rank of major.
| Senator IIawley presided over the senate in
the absence of Senator Sherman.
On motion of Mr. Harrison, the senate con.
cured i'll the House amendments to the bill
/ legalzng the territorial legislature of Wy
'ming.
The following bills were introduced;
BY Mr.. Colquitt-To appropriate 100000
to continue the improvement of the Chatta-
! hOoChie river below Columbus. Ga.
BY Mr. Wilson of lowa-To prevent the
publication of lottery advertisements.
| By Mr.. Bowell-To establish public park
| Mt Pagasa Springs in Colorado, to he 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 appropriatcs 3d. 600 for the purpose.
By Mr.. Dawcs-Granting the right of way
to the jamestown q Northern Railroad com
pany through the Devils Lake, Indian reser'
walton, in Dakota.
Also. to ratify an agreement made by the
Pah-l tc Indians granting the right of way
10 the Carson a. Colorado Railroad company
through the Walkcrb 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. he fined not
more than 500 or Imprisoned for not more
than one year, or both, for the first offence
and for any subsequent offence shall be fined
$500 to 5000, or imprisoned from one to two
years. 1t also provides that the wagons and
outfit of such persons shall be seized, and
upon their conviction, forfeited, one-half of
the proceeds to the inforlner and the other
half to the United States. Indians are made
competent witnesses in all these cases. 1t is
provided, however, that the act shall not
apply to cmigrants or travellers pcaceably
passing through Indian lands without conf
hitting any willlul trespasS or injury to per-
sons or property.
By Mr.. IIalc--Granting to the town Of
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. A
suspension Mr. Coke regarded as tantamount
TO a complete stoppage of our silver coinage,
Silver, he said, had not deprecated, but gold
had risen in value He showed, by statistics,
that taking ninety leading articles of mer..
chandise, there had been'an average fall OF
twenty-six per cent since 1910, while there
had been fall of only twenty three per cent.
in silver bullion. 1t was, therefore, an abuse
of terms to say that silver had deprecated.
Silver constituted one-half the suantity of all
the coin in the world, and the stoppage of its
coinage would deprive the world of one-halt
its coin supply and would double the purchaS-
ing power Of the other half, The fight against
silver was fight against the people by the
banks and bondholders TWAS fight against
labor Had Andrew jackson been in the White
House at any time since 1873 the silver
question would have been settled. He would
have executed the laws of the United States
and would have taken by the throat the con
spiracy against those laws In 1873, wher
the coinage of the silver dollars was ordered
there was in the United States only S2fl 900
900, while to-day according to the report OF
the director of the mint the gold com anC
bullion in the United States has increased t.
5000 600, 600, 50 that, instead of silver coinage
! J
supply of it had become trebled since the sill
yer coinage had commenced. American sll
yer should be placed on an exact equality
with gold everywhere, but, whether rlght OF
wrong as to free coinage, we should lnSls
that our government officials should execute
the laws.
A resolution was agreed to, authorizing TIN
secretary of the Senate to pay the bills III
Cured in the attendance of senator's at TN
funeral of the late Vice-President Hendricks
Senator Hoar introduced bill appropria
ting $40, 900 for monument to James Madi
son.
A large number of petitions for the fire
COINAGE of silver were introduced. Senate
Beck said that large number of petition
for the suspension of the sllve
coinage had been sent to him, bu
he declined to present them, becaus
he believed they are being procured by an OF
yanizad effort in New York and real In SUP
port of his assertions a so called contidcntif
circular asking that such anti-Silvcr petitio
be prepared in different localities for tran
mission to Congress. :.
Mr.. Edmunds introduced the bill whic
passed the senate of the last Congress, pr
viding for ''the collection of the statistics
and relating to marriage. and divorce
throughout the States and Territories, an
the measure will doubtless receive the cOrdii
support of leading men in ali parties.
A bill was favorably reported increasii
from 5000, 600 to $4,000 the annual appr
priation for arming the militia of the State
The bill provides that no part of this snail |
maid unless each State has uniformed M
equipped 100 men for each member of Co
gress.
Messrs Brown Of Georgia and Maxey