Morning journal and courier., 1886-01-19
FORTY-NINTH CONGRESS-.
wAsH1NGToN. Jan. is. 1s96.

committee. He asked that the bill be re- ferred back to the committee, which was agreed to- It was also ordered that five thousand copies of the report and testimony taken by the committee should be printed.
 Mr. Ingalls, offered resolution asking the Secretary of the Treasury for information as to what proportion of the recent call Of SlO,- 000, 900 United States bonds are held by na- tional banks as a basis for circulation Mir Ingalls, said he understood that large pro portion of the called bonds were so held and that process of bookkeeping existed which would in effect retire circulation instead of causing any money to be paid out for these bonds and the currency would be contracted to that extent. He said it concerned the coun- try to know if this was the case. He did not know whether the Senate bad right to call on the Secretary for the in- formation, but the Senate should ascertain whether it entitled to the information.
 Mr. Cockrell asked if the law did not re- quire the Secretary to call the bouds in certain order and whether the Secretary could discriminate.
 Mr. Ingalls, said the resolution involved no implication against the Secretary, but he merely wished to know whether the amount of money would be paid for the bonds.
 After further debate the resolution went over until tomorrow.
 MT. Frye offered resolution relating to the fisheries, preamble to which recites that the President had recommended Congress to provide for commission to settle and adjust t.-e fisheries question; that the fisheries ques- tion had been settled for ten years past up der the treaty of Washington at cost of five and half million dollars and remission of six million dollars duties in that period, and that the treaty had resulted in an increase of five hundred vessels and ten thousand seamen to the Canadian heets with a corresponding decrease in the fishing fleets of the United States. Therefore be it resolved, that in the opinion of the Senate a commission clothed with the powers referred to ought not to be provided for by Congress.
 MT. Edmunds said it seemed to be stated in report just laid on the desks of Senators that the President, without any advice or consent of the Senate, had entered into ar engagements with her majesty's government by which citizens of the United States were accorded certain rights in fish ing in British waters, which by existing treaties and the laws of nations they would not otherwise have, and that British subjects were accorded reciprocal rights in the United States If that was what was meant by the statement of the report, and he spoke of it with reserve because he had only just seen the report, it certainly presented a very grave uHestion as to the question of ex- ecutive power in the matter of entering into arrangements with foreign powers affecting the rights of the citizens of the United States, in the face of the constitutional pro- vsion which gives the President the power to make treaties "by and with the advice and consent of the Senate"
 Mir Morgan said that under the resolution that had passed Congress instructing the President to terminate the fishing treaty we happened to fix the time ill the middle of the fishing season and after people had gone to great expense ill the preparation of the work of fishing. It would have been great in jury to stop the work of the fleets in the middle of their cruises and perhaps the Pres +ha Rrir rich fhor. ties had strained point in order to accom- modate the interests and provide for the welfare of that large class of people inter ested.
 Mr. Frye characterized the arrangement referred to as the ''most marvellous piece of business in the way of diplomacy tha our history could show" 'Our fishermen, he said, 'Fdo not ask the British minister to interfere to protect them, but they do ask that the United States of America shall be self-assertive and protect her fishermen in thelf rights. They demand that instead of yielding to Great Britain, as has been done every time, we shall stand by our rights"
 After further debate the resolution went over.
 MT. Eustis then addressed the Senate on the silver question. The Presi- dent had told us that 'there was not enough silver in circulation to cause any uneasiness and that the whole amount coined might after time be absorbed by the people without apprehension, but that it was the ceaseless stream that threatened to overflow" etc., etc. We were to under stand, then, that this silver dollar by the people, but dishonest when offered to the bondholder. Are we to have double standard of moralitys We had not been informed that any unusual ex- portation of gold had occurred, nor that gold and silver had parted company. We also know that the bonds had not depreciated they being worth more to-day than in 1878 Since 1878 we had co1ned $3S2, ,00O, ,0O0 of gold and $215, 100000 of silver Our financial legislation has re- ceived the approval of the country and we should have the courage to maintain our position and to surrender only to the force of argument. MT. Eustis reviewed at some length the history of our coinage and also the financial history of France, whose ex- ample, he said, we could afford to follow France had total silver coinage in circula- tion including French, Belgian and Italian silver of $780, GOO 900, without including sub sidiary coin. If that amount could be ab sorbed without uneasiness or disturbance in France let our executive officers explain to why the same process of absorption could not safely occur in this country. After eighty years of experience France is deter mined to maintain Ter policy. At the pres ent rate of coinage in the United States it
 
 yer coinage equal in volume to our gold coin age and it would take fifteen years to reach the existing volume of five franc pieces now in circulation in France. Our pop ulation, resources and enterprise being greater than that of any European country, why could not with perfect safety approx innate the financial condition of France? There was but one reason, and that reason was that in France all the departments of the government were in hearty sympathy with the financial policy of the country + and aaon,a actively ns9a;p e4Gperatsd because in France public office is public trust, while it would seem that in this coun- try that patriotic maxim prevails only to limited extent. The results of the congress sional policy of coinage had never been fully tested according to it's true intent and spirit because our executive department had mani fested unfriendliness to it and by partiality and discrimination had retarded it. If that department had not discriminated in favor of the bondholder agai.st the people it's rep resentations as to finance would have been entitled to more respect.
 Mr Voorhees, presented a memorial from citizens in Montana praying that the terri tory be admitted State into the Union and also introduced bill providing for such admission.
 The Judicial salary bill was then taken up Several amendments were proposed and re- jected and the bill was passed. It gives the United States distric court judges S5, ,000 a year and prohibits them from appointing their relatives to office.
 On motion of MT. Hoar the bill providing for the presidential count was then placed before the Senate.
 At 4:45 the Senate went into executive session and at 5:02 the doors were reopened and the Senate adjourned. A number of nominations were reported, but no confirms tions were made.
 HoUsE.-Mr. Carlisle was absent to-day, but by a note he designated MT. Springer as Speaker pro tenn. of the House. The chap lain, in his prayer, alluded in very touching language to the bereavement in the family of Secretary Bayard.
 States were called for bills, and among others introduced were: By Mr Candler, of Georgia, appealing the law taxing notes of State banks, State banking associations and municipal corporations; by MT. Hepburn, of Iowa, to create a board of commissioners of interstate commerce.
 Rv Nh. Wa6swnrth okv raco1u-