Morning journal and courier., 1886-01-14
FORTY-NINTH CONGRESS.
WAsuJNcToN Ion

 SENATE.-Senator Hawley presided ovel the Senate to-day in the absence of Senator Sherman.
 MT. In gals offered the following resolution which at his request was laid over for the present:
 Resolved. That in the opinion of the Senate the the law of February 2s, 1878, should not be sus pended until the aggregate reaches the sum of S5O0000,000
 MT. Eustis gave notice that on Monday next at ? clock he would call up MT. Beck k's silver resolution, with the view of making some remarks on it.
 MT. Brown offered a resolution directing the Committee on Indian Affairs to inquire into the expediency of removing all Indians in the United States to the Indian territory. The bill for the admission to Statehood of Dakota was then reached, but as MT. Harri- son said it would be impossible to consider the bill under the five minute rule it went over. MT. Harrison stated that he would call it up early next week.
 On motion of MT. Harrison the Senate con- cured in the House amendments to the bill legalizing the territorial legislature of Wyo- ming.
 At ? o'clock Mt. Coke called up MT. Beck's silver resolution and proceeded to address the Senate thereon. A suspension of the coinage of silver Mr. Coke regarded as tanta- mount to a complete stoppage of our sill yer coinage. Silver, he said, had not depreciated, but gold had risen in value. He showed by statistics that, taking ninety leading articles of merchandise, there had been an average fall of twenty-six per cent. since 1870, while there had been a fall of only twenty-three per cent. in silver bullion. It was therefore an abuse of terms to say silver had depreciated. Silver constituted one-half the quantity of all the coin in the world and a stoppage of ifG yUOT116 Hanr1Va the world of one-half it's coin supply and would double the purchasing power of the other half. This would be an enormous contraction. The fight against silver was a fight against the people by the banks and bondholders. It was fight against labor holders or on the banks. They were no worse nor better than the average men. The President and the Secretary of the Treasury professed to favor the use of both gold and silver, but declared that the amount of silver already coined was enough and that if we continued to coin it gold would leave the country. This statement was made in the face of the fact that in 1878, when the coinage was ordered, there was in the United States only $244, 900, 900, while to-day, according to the report of the director of the m1nt, the gold coin and bullion in the United States had increased to $6O9,- 50 GudL 1uSIOott OI 5AifOA SO4AoS5O having driven gold out of the country, our supply has become trebled since the silver coinage had commenced. The silver standard had no terror for MT. Coke. Germany had been 8 silver country before it got so much gold from France. France was! one of the most thrifty nations in the world, and France had $500, 900, OOO, and some said $90O, O,00O,- 900, of silver coin circulating in harmony with gold, side by side with it. The cainage of silver, Mr. Coke said, should be free as was the coinage of gold. American silver should be placed on an exact equality with gold every where. But whether right or wrong as to free coinage, we should insist that our government officials should execute the laws Mir Coke reviewed the history of our bond legislation to show that the bonds were payable in coin and that that meant pay. able in gold and silver. But nobody asked that they be paid exclusively in silver. All that was asked was for our officers to treat silver as they treated gold. We wanted no more reports from them saying silver can not be got into circulation when in violation of law the Treasury department refused to pay It out and allowed bonds that ought to be paid to remain outstanding. while keep irg locked up millions on millions of silver that ought to be in circulation.
 At 3:45 D. m., on motion of MT. Hoar, the Senate went into executive session and at D o'clock adjourned.
 HoUsE-By consent of the House, MT. Cur tin of Pennsylvania was excused from off c:ating as chairman of the Committee of Banking and Currency.
 During the morning hour MT. Randall of Pennsylvania, on behalf of the Committee on Appropriations, called up and the House passed resolution granting that committee authority to have certain documents printed
 Mr. Hill, of Ohio, on behalf of the Com mittee on Territories, called up and the House passed the Senate bill to legalize the election of territorial legislative assembly of Wyoming.
 The Hn11Sa at 1 n,clnnl adionrnad