Morning journal and courier., 1886-01-13
FORTY-NINTH CONGRESS.
WASHINGTON. Jan. 1s, 1886

WASHINGTON, Jan. 12, 1886.
 SENATE.-Mr Logan, from the Committee on Military Affairs, reported fayorably the bill providing for the purchase of the old Produce Exchange building and site in New York city for army purposes. The bill ap- propriates $450, ,000 or so much as may be necessary for the purchase of the site and the necessary alterations and remodelling of the building.
 Finance committee 8 substitute for MT. Eus- tis' resolution to pay the next bond call in silver. It provides that the Secretary of the Treasury shall be directed, in the payment of the principal and interest of of silver coin in the proportion, as near as may be, that gold and silver were received for customs duties during the previous fiscal year. The resolution was referred as desir- ed
 on the Beck silver resolution. The London press, he said, had joined the money kings of our eastern States in de- handing of Congress the suspension of silver coinage. They wanted to sweep away every kind of money but gold. Then, indeed, we should have god but gold and no kings but the national banks. Silver, MT. Pugh insisted had not been treated fairly either by public officers or banks. But it held up well in spite of them. If, whenever sill yer gets the same treatment as gold under the natural laws of supply and demand, it shall not hold it's own, then MT. Pugh would deem the controversy settled. But he had no doubt that silver would come out all right in any case. MT. Pugh express ed bis willingness to support any change in the existing law that would withdraw any paper currency under $10 or even $20 so as to give the entire field for the of small bills or small change to silver and silver cer- tifcates.
 MT. Vance followed. He said the present attempt of the moneyed men of the world to depreciate silver one Of the grandest conspiracies ever seen. It was tyrannlcA and cruel blow directed at the common peo- pie of all lands. The banner of the attack ing 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 that which he hath" After considering the question of the whole amount of money in use in the world MT. Vance went on to show that increasing commerce and population required increased money. The mines of the world were yielding only 1 1-3 per cent increase of the present money sup ply; yet we were told that we must abreviate fifty four per cent. of the money supply. that being the ratio of silver in the worlds stock ot coin. The success of the efforts against silver would result in the greatest industrial 
 shrink, the only exceptions to that result being gold and debts, which would be increas- ed to the extent to which property would have shrunk. Every public creditor took our silver dollar gladly only that class that distinctly and solemnly agreed in writing to gone down. This was not so much true as that gold had gone up. MT. Vance read from late financial reports of the Havana markets to show that American silver dollars were at a premium over the silver of England and France. In the course of all his economic reading, MT. Vance said from Moses to Sunset Cox, he had never met 8 weak as that made now by the ene- mics of silver. He had heard many cases argued in school boy examinations and in crossroads debating societies; he had heard pleas made from the end of gingerbread carts and had read endless platitudes in the Rec ord, bnt never met or saw worse abuse of logic or feebler attempt to outrage common sense than the arguments used by our bank CTS, bondholders and gold men generally in the discussion of the silver question. The capacity for avarice,. he said, was
 9 nfnd bot 5o il the aWsgs meFa s1.ab to disguise its ugliness by assuming the grab of virtue. So the bondholders and bankers told us that they wanted the silver coinage stopped not for their own advantage-Oh! no; but for the sake of the poor working men, whom they preferred to their own chiefest joy. MT. Vance ridiculed tLis pre- tension and said the war on silver was in the interest not of those who labor, but those who speculate. In reply to the statement that the people would not take the silver dollar and that when issued it had al ways come back to the treasury, MT. Vance continued that the law required our officers to pay it out and if it came back to pay it out again. If the officers of the govern ment had done their duty and complied with the laws there would have been no difficulty with the silver dollar. They had refused to pay it. There had never been an other instance in our history iE which our officers had boldly taken upon themselves absolute discretion as to whether they would or would not execute the law.
 At the conclusion of MT. Vance's speech at 2:45 the Senate went into executive session and at p. m. the doors were reopened and the Senate adjourned
 HoUsE.-In the House to-day the Speaker announced the appointment of Messrs. Sin gleton of Mississippi, Wilson of West Vir- ginia and Phelps of New Jersey as members of the board of regents of the Smithsonian institute.
 Reports were submitted from number of committees, the most important of which were as follows: By Mr. Spriggs, of New York, authorizing the appointment of sixty one session committee clerks; adopted.
 By MT. Burroughs of Michigan, from the Postoffices and Post Roads, resolution call ing on the Postmaster General for inforna- tion as to what facilities are necessary to en- able him to thoroughly examine the subject of compensation to railway companies for carrying the mails; adopted.
 By MT. Morrison of Illinois, from the Ways and Means, 8 resolution appropriately distrib ting the Presidents message; referred to the Committee of the Whole
 Rv Mir Randall resolution the Committee OF Printing to have printed such matters as it may deem proper bearing on the subject of appropriations; referred to the Committee of the Whole.
 By MT. Springer, of Illinois, from the Claims, directing that committee to inquire for the entertainment of the facts on all private measures by some judicial tribunal before action by Congress-; calendar.
 MT. Caldwell, of Tennessee, from the com mittee on the election of President and Vice President, reported back without amend ment the Hoar presidential succession bill; House calendar. MT. Cooper, of Ohio, gave notice that he would file minority report. At 12 o'clock the House, on motion of NIT. Reagan went into committee for the consid- eration of the Presidents message. MT. Rea- gan took the floor and delivered a long and carefully prepared speech upon the financial question, advocating the double standard of value, condemning the national banks, and argued in favor of applying portion of the surplus in the treasury to the gradual pay ment of the national debt. He earnestly combatted the proposition to snspend the silver dollar.
 Mir. Bland said he had no doubt the Com mittee on Coinage would report some meas ure on the silver question at an early day and if necessary give weeks for it's discussion. He therefore moved that the debate be post poned until it came up in regular order. MT. Symes, of Colorado, asked whether the gentleman could inform the House how soon the committee would report.
 MT. Bland could not say exactly, but had no doubt the subject would come up in reg ular order.
 Mr Symes stated that he knew number of gentlemen who desired to deliver speeches. At an early day, if the Coinage committee did not report bill, he would move to go into committee to give these gentlemen an opportunity to speak.
 MT Bland's motion was solidly opposed by the Republicans, but was carried-79 to 73.
 The House then adjourned.
 A Terrible Sight For a Wife.
 I3ro T,,I 1o,. 1