Savannah morning news. [volume] (Savannah) 1868-1887, 1886-01-07


created not by law, but by business.
Whenever the Treasury could no longer
maintain the gold basis, then the pubic
would have to take care Of themselves.
BAD MONEY DRIVES OUT GOOD.
Silver dollars had thus far remained at
par with gold because they had but linn
tied use, and were limited in number with
IN the limit of the public needs. But the
Gresham law still held good after three
centuries of observation-disclosures that bad
money drives out good money. All histo-
ry taught that with currency of a tiuct-
atlng value, as ours was tending to be-
come, speculation was encouraged and
monetary ruin FASTENED. The loss would
always fall on the producers of our cOun-
try, as the importers would protect them
selves.
THE EFFECT IN INDIA.
Referring to the effect Of silver in India,
Mr.. Mcpherson exclaimed: ''GOd forbid
that the American laborer should ever
come 10 a condition like that of the lab0rer
Of Indiep' The blow aimed by
the silver men at the "bi0ated
bOndholders," MIR. Mcpherson insisted,
would strike with ten-fOld force on the
head of the Iaborer. The government had
permitted it's financial agent, Jay Cooke,
to advertise that the interest on the bonds
was payable in gold. Mr.. Mcpherson
produced such adyertisemeptsl
Mr.. Beck inquired how much the pur-
chaseTs of the bonds had paid Tor them.
Mr.. Mcpherson replied that that made
no difference. The government having
held out such presentations could not
now ignore them-cOuld not play fast ana
loose with it's creditors.
AN ENERGETIC PROTEST.
The reference by Mr.. Mcpherson to an
understanding tnat bonds were to be paid
in gold brought from Messrs. Morgan,
harris and Beck simultaneously an ener-
getic Insistance that payment in ''cOin,"
and not gold" was the understanding
and agreement. To show that business
was already becoming alarmed at our
course with regard to silver, Mr.. McPher-
son read letter from the manager OF the
Liverpool and London and Globe Insur-
ance Company stating that thaUcOmpany,
in view of the great uncertainty with re-
gard to coinage, had decided to make no
further loans except on speclnc agree
ment of their repayment in gold coin.
On the conclusion of Mr.. McPherson's
remarks MIR. Brown gave notice that to-
morrow he would ask to be heard on the
resolution of Mr.. Beck.
AN ANOMALOUS POSITION.
Mr.. Hoar called attention to the anoma-
lous condition of the business in the Sem
ate, there being several important bills
already reported from committees, which
bills were being delayed by the silver
debate, which would have to be repeated
when the Finance Committee should come
to report bill dealing With coinage.
On motion OF Mr. Edmunds the Senate
then took up the Utah bill, the pending
question being on Mr.. HOar's motion to
strike out the section that would disfran'
cbise the women of Utah.
Mr. Brown expressed himself as Op-
posed to woman suffrage, and said that if
the question was up in his own State he
would vote against it, but as the question
before the Senate was one affecting a
right already given to the women OF Utah
by the laws of that Territory, he Brown
would vote for MIR. HOar's motion.
WOMEN DIsFRANCHIsED.
A vote having been reached on the
amendment. 1t was rejected by a vote Of
yea were Messrs. Aldrieh, Blair, Brown,
Call, Dawes, Dolph, Hoar, NJ itehell, OF
Oregon, Palmer, Stanford and Teller.
The section distTanchising women re-
mains, therefore, part Of the bill.
An amendment proposed by Mr.. Ed
munds was agreed to providing that
marriages within, but not including. the
fourth degree of cOnsauguinity shall be
deemed ineestous, and punishable by i'm
prisOnment.
Mr.. Morgan opposed the provision for
trustees to administer the affairs Of the
Mormon church. He characterized po-
lygamy as an offense that "stinks in the
nOstrils Of civilization" He thought if
anything was to be done about it it should
be torn up root and branch.
DUTIES OF THE TRUSTEES,
MIR. Edmunds replied that these trus-
tees would deal Only with the property of
that church. The committee had feared
to abolish the whole corporation, which
Congress had "a clear right to do, and bad
confined the work of the trustees to the
temporal affairs OF the church. The COM
mittee had not wished to make prece-
dent for legislative interference with re-
ligion apart from the feature Of pOlygamy.
Mr.. Edmunds did not think the belief Of
the MOrmOns greatly different from the
belief OF other sects. After further de-
bate as to the provisions relating to the
testimony of husband and wife the de-
bate went over till tomorrow, MIR. Ed
munds saying that he would then ask the
Senate ''to sit it out" and bring the bill to
al vote.
{ Mr.. Voorhees, gave notice that on Wed
tnesday. Jan. 20, be would call up his resO-
Tuition expressing the sense of the Senate
on the death OF the late Vice President
HENDRICKS.
J INDIAN CIVILIZATION.
{ Mfr. Morgan offered a, resolution, which
was agreed TO, directing the Committee
on Indian Affairs to consider and report
whether wise policy in the civilization OF
Indians required the establishment of a
school west Of the Mississippi river based
| on the principle of military enlistment,
INSTRUCTION and discipline OF Indian
youths, with a view 20 qualifying them
lfOr service IN the United States army.
/ Mr.. Blair. from the Committee on Edu-
cation and Labor, reported favOrably the
bill 10 aid IN the establish ment OF common
IechOols. IL Is the same as the bill that
passed by the Senate last Congress. At
5:20 O'Clock the Senate adjourned.
IN THE HOUSE.
In the House to-day the call OF States
for the introduction OF bills was resumed.
The following were introduced and re-
terred:
BY Mr.. seney. Of Ohio-To repeal the
civil service act; also, TO retire trade dol
BY Mr. wilkins, OF Ohio-To provide for
the issue Of circulating notes 10 national
banking associations. This Is identical
With the bill introduced by Mr.. wilkins
IN the FOrty-cighth Congress. It provides
THAT any national banking association In
existence at the time OF the passage 0f
Wis act. or which may thereafter depOsit
iUnited States bonds bearing interest In
tine manner required by law. shall be en-