The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1886-01-21

than the smallest amount claimed by any body To
be the silver circulation OF France. The coinageOf
silver, Mr.. Coke said, should be free az was the
coinage of guild. American silver should he placed
ON exact equality with gold everywhere. But
whether right or wrong as TO free coinage Mr..
Coke said, we should insist that our government
officials should execute the laws.
Mr. Coke reviewed the history of our bond legs.
lation to show that bonds were payable in coin,
and that joint resolution, introduced in the senate
in 1873, by Senator Stanley Matthews, and passed
by a two-thirds vote of both houses of congress,
declaredit to be entirely consistent with public
faith, under the contract, To- pay in silver But
nobody asked that they be paid exclusively in sill
yer; all that was asked was for our officers To
treat silverAs they treated gold We wanted no
more reports from them saying that silver cannot
be got into circulation, whom, in violation of law.
the treasury department refused to pay il out and
allowed bonds, that ought TO be paid, to remain
outstanding, while keeping locked up in
the vaults of the treasury millions upon
millions of silver that ought to he in ciculation.
Aresoluton offered by Mr.. Edmunds was agreed
TO authori ling the secretary of the senate to pay bills
incurred in the attendance of senators at the tn
neral of the late vice president, Hendricks.
! After executive session the senate adjourned.
HOUSE.
WASHINGTON January l3.--Mr Curtain, of Penn
sylania, Immediately upon being recognized by
| from duty as chairman of the committee on bank
ING and currency. No objection being made, Mr.
Curtain was excused This devolves the chairman
|
| Mr.. Hill, OF Ohio, on behalf of the committee on
territories, called up and the house passed the SEN
ate bill to legaze the election of the territorial
| legislative assembly of Wyoming
In behalf of the committee presidential laws,
| Mr.. Caldwell, of Tennessee, called up for action
the Hoar presidential succession bill, but on the
statement by Mr.. Cooper, of Ohio that the minor.
ity report had not been printed the discussion of
| the subject was postponed until tomorrow.
The house, on motion of Mr. Morrison, at l
O'Clock adjourned.
SENATE.
WASHINGTON, January i4.-Mr. Platte presented
petition from commercial travellers praying for
legislation to relieve them of burdensome taxa
ton.
Mr.. Beck said there had come to him Che did not
know WHY several petitions to be presented to the
:enate urging congress to suspend silver coinage;
He had decllAed to pres mt such petitions and had
returned them to the persons sending them, be.
cause he believed the sending of these petitions had
been influenced by a circular letter, mailed soon
idential, sent out by committee of the New
board of trade and transportation, Mr.. Beck read
copy of the letter 1t asks its recipient to write a
personal letter to Speaker Carlisle urging him to
refrain from placing extreme silver men on the
coinage committee of the house of representatives,
and to also write personal letters to senators and
representatives urging the suspension OF silver
coinage.
The chair laid before the senate Mr.. Morrills
resolution, offered yesterday, calling on the secre-
tary of the treasury TO inform the senate whether
any collectors OF international revenue not con
HIlHcu were III receipt VI pay dlu
7 the officers The information called for Mr., Nor
rill thought manifestly improper not only in the
interest of the government but of the collectors
personally.
Mr. Cockrell offered an amendment to the res
, olution making it to apply to back years This
was acceptable to Mr.. Morrill, and the resolution
+ as amended was agreed to.
Mr. Brown called up Mr., BPcks silver resolution
and addressed the senate on it. The officers of the
treasury, he sad should treat all public creditors
alike, If they paid the bondholders in gold alone
l they should pay the laborer in gold alone. As t.
, the accumulation of silver dollars in the treasury
Mr. Brown insisted it was the duty of the secretary
OF the treasury to pay them ont to public creditors
when anything was due and if that did not dispos,
+ OF them he should call in enough bonds, on whic'
the people are paying interest to absorb the silve
dollars and so stop interest. payments. Ifpubli
creditors were paid thirty or forty millions in sll
S their endeayor would be to depreciat
hthe value of silver to make it represent less pre-
perty; II it were said that it was not honest :
pay them in silver, on the ground that silver do
lar was not an honest dollar, MIR. Brown woul
reply, 1t was always honest to pay debt in tn
very currency which the creditor by his oOntrac
agreed to take Our creditors had secured sewers
d successive changes in the contract, and the COZ
r tract, as ii now stands, that the bondholdel
should be paid part in gold dollars, or silver do
le lars, at the convenience of the treasury. Thong
4 they had thus agreed to take payment in eithe
Is gold or silver they paid in gold alone, viii
t. everybody else was paid in silver This was neith'
rs fair dealing nor common honesty. Mr.; Brown a.
% yocated the issuance of silver cert
to fcates, to represent silver in the trea
ury; Every surplus gold and sly'
n, dollar, he SAID, not part OF the treasury reser'
r. should be put into circulation by gold or silver ce
titlcates y Instead of having too much silver col
he business would be much improved if we had mo
DIV of it in circulation in the form of paper certificate
j. If the national banks attempt to practically d
of monetize silver said Mr.. Brown, in concrsio
and if officers who now represent the people in Il
ne different departments of the government will n
III take the matter in hand, then the people, at the
ne recurring elections, should take it in hand and fl
n all the departments of the government with me
who will apply the corrective, and forfeit the cha
Is tiers of such banks as abuse their privileges.
. DMr. Maxey followed, on the same subject. Il
said: "The raid on silver was a Europea
n raid and, if successful, would infi
nj ipcalculable injury on the United States. Tn
10 bug bear of silver, so terrifying to Europea
~ money changers, had no terrors for the America
Ia people. The people of the south, Mr.. MaXey col
< tended, were not grievously burdened with silv
al or any other money, but if they should by chanC
rs find themselves hampered by the great weight
silver, they ould exchange 1t for paper certificate
} which, when based on COIN dollar for dolla
i were better than coin for actual use. Mr. MAKE
expressed himself as utterly opposed to an irr
K deemable paper currency, and declared uctuatiI
ID currency inconsistent with healthy trade, while
sound currency, based on the precious metals al
e, convertible into coin, was blessing to ciyiliz
n ton The silver advocates he contended, repellt
I'd the imputatiOn that they va tied to tai
De any advantage of their creditors, by paying doll
Id debt in an eighty cent dollar. touler lie ht
n never been uttered against brave and industrOl
n people. The people knew that the fall of eilv'
a. was the result of conspiracy of combined capt.
n to destroy silver as money metal, and gambler
Id but reapng the fruits of their folly. TT
n suspension of silver coinage was but another nan
fol- the total stoppage of the con and such suspe
O. sion or stoppage would be fraught with the mo
in serious consequences to the people. What v
of needed in our dealings with the bondholders, NJ
d Maxey insisted, was strong, vigorous enforceme
40 of the contract made with them AT Il
Id conclusion of Mr. Maxeys remarks the judici
" salary bin was laid before the seuate One of Il
ne sections of the bill provides that person relate
r.. within the degree of first cousin to judge of Il
de United States shall be appointed by such judge
or any position in his court, and that persons
lated who hold such offices, shall not continl
Id in Office after six months from the passage of Il
,r- act.
re Mr.. Edmunds moved to strike out the clause tn
he would effect persons at present in Office, and in tn
az course of his remarks, in support of the motio
he said even this reform administration, the pictu
he of purity and grace and of everything that is love
i0 laughter has sent-and can state II as a publ
re fact to the senate-the nomination of the FAITH
st and son to go to the same place TO exercise Il
az functions Of two Offices one under the other.
an After debate the amendment of Mr.. Edmun,
IL agreed to, and without making further progre
Id on the bill, the senate adjourned until Monday.
nd HOUSE.
| n IF n