Los Angeles daily herald., 1886-01-19
CONGRESSIONAL.
Proceedings of the Senate
and House Yesterday.
EUsTIs ON THE SILVER BILL

The Dacotah Bill-The Presiden'
tial Count = The Land
Question.
speefat TO the Herald byne associated Press
SENATE.
WASHINGTON, January IL. : lugalli
otfered a resolution directing the Secre
tarv of the Treasury to inform the Sen
ate what proportion of the ton million
dollars Of United States bonds called fol
payment on February l. 1886, are held
by the National Banks as basis for cir
culation, and how much by each such
bank.
Edmunds inquired whether Ingalls
thought the Senate had any right to call
ON The Secretary of the Treasury for auy
inisrsnation. II have seen it itquestioned
in newspapers, Edmunds added.
Ingalls, supposed Edmunds was hardly
serious in asking such a question upon
the resolution offered.
Edmunds remarked that be was per-
feclly serious.
CockereI asked whether the law did
not require the Secretary OF the Treas
ury 10 call in the outstanding bonds in q
certain order.
Ingalls, said there was no doubt that
Cockrell's statement was true, but be
merely wished to know what proportion
OF the money now in the treasury was
to be paid out on the bonds called for
the lst Of February.
Edmunds thought the resolution a
proper one in any event. The point
made by him with what had been re-
garded, perhaps, as sense OF humor,
was made in order that the Senate might
be sensible of the fact tina. the public
press had largely given out the idea that
Congress had no right to know anything
that was being done In any Of the Ex.
ecu.iye departments. He merely wanted
the Senate to vote with its eyes thus
opened upon the subject.
Morrill, thought the resolution Of suf-
ficent importance to have it 60 over till
tomorrow. Invent over accordingly.
Among the reports submitted from the
Committee was one by Cullom from the
committee appointed to investigate the
subject Of the regulation OF freight and
passenger rates on railroad and water
routes. With the report Cullom pre-
sented bill regulating interstate COM
merce, which he asked might be referred
back to the Committee. The resolution
passed ordering to be printed five thou
sand copies of the Committees report
and the testimony taken before 1t.
Eustis addressed the Senate on the
silver question. He said the President
had told us that there was not
enough silver now in circulation to
cause any uneasiness; that the whole
amount now coined might after time
be absorbed by the people without ap-
prshension, bat that il was ''ceaseless
stream that threatened to overflow, !"
etc. We were to understand then, that
this silver dollar is an honest dollar,
when absorbed by the people. but dis
honest when offered to bondholders.
Were we to have q double standard of
the morality for the people and another
for the bondholder, would any depart
meBt Of government arrogate to itself the
arbitrary power to establish an unjust
discrimination against the people, and
An indefencible favoritism to the bond
holders II SO, how could the
people accept that Department as a
guardian Of their interests. Our fnan-
cial legislation had received the approval
OF the country, and we should have the
courage to maintain our position and to
surrender only to the force of argument.
1t would be an appalling admission to
make TO the country II we were to create
a financial policy every few years, and
then destroy it merely because persons
high in authority had chosen to differ
with us. In France all the departments
of the government were in hearty sym
pathy with the financial policy Of the
country, and actively cooperating with
the people to sustain It, because
in France public office Is public
trust" while Il would seem that in this
country the patriotic maxim prevails
only to limited extent. The results OF
the Congressional policy of coinage had
never been tested according 10 its true
intent and spirit. because our Executive
had iu its practice manifested itself as
unfriendly to that policy, and by par
tiality and discrimination had retarded
It. That department, had 1t not dis
criminated in favor of the bondholders
as against the people and their repre-
sentatives as to finance, would
have been entitled ia more re-
spect. In conclusion, Eustis said
this disleyal practice by the Execu-
tive Department in declaring war
against silver coin, which is the coin Of
the Government, is belittling Its useful
ness, depreciating its existence and in
viting others TO believe that 1t Is the de
formed offspring Of legislation. II i'm
becility is to continue, then some of the
evils that have been predicted may come
to pass, but those evils will not be at
tribnted to any vice in our financial sys-
tenn, but to the practice and assertions
OF the Executive Department in dishon-
oring and discrediting the coin which it
is their duty to sustain by all the infu-
ence and power Of their official authori-
ty.
voorhees, presented memorials from
the citizens OF Montana, praying that the
Territory be admitted as State into the
Union, and also introduced bill pro-
viding for such admission.
The bill giving United States District
Judges $4,000 year and preventing them
from appointing their relatives to office
in their courts, was passed.
On motion Of Hoar, the bill providing
for Presidential count was then laid
before the Senate, and after an executive
session the Senate adjourned.
HOUSE.
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