Morning journal and courier., 1886-01-20
FoRTY-NINTH- CONGRESS-.
WAsHINGroIy. Tsn. ff

1 l National Soldiers home in the place of Gen eral Mcclellan, deceased passed Mr. Morrill,, from the Finance committee, reported resolution extending the custom house investigation ordered for. the port of New, York to such other ports as the com
 mittee deem necessary. , ...= .-.... MT. Harrisons resolution of yesterday, to admit MT. Moody of Dakota to the floor. of
 the Senate then came up, and debate be- tween Messrs. Harrison and Vest ensued, the
 latter denouneing the action of the people of
 Dakota as an insult to Congress.
 After long and spirited debate the r5soI1-
 ton was agreed to.
 MT. Frye's resolution regarding the Presi-
 dents recommendation for a fishery commis-
 sion was placed before the Senate and was
 without debate referred te the Committee
 on Foreign Relations.
 MT. Ingalls offered a resolution which was
 agreed to, asking the Secretary of the
 Treasury for information as to purchases of
 silver bullion.
 MT. Teller then addressed the Senate on
 the silver question. Without sufficient
 1nonoy with which to do business, MT. Tel
 Ter said, the energies of th9 p8opla were de:
 pressed. Money scarcity meant dull tlnaea
 and low wages or no wages at all. The per
 sons who suffered least from such scarcity
 were the money lenders, bill discounters and
 pftwhbtokers: those who suffered most were
 the laborers. Gold and silver had been found insufficient to carry on the business ot the world and all nations had resorted to paper currency based on these metals. If
 then gold and silver combined had been found insufficient to carry on the worlds trade, what reason was there for supposing the gold alone would be sufficient.
 When you destroy the motley faculty of sil- yer you increase the purchasing power of gold You thus benefit the holders of bonds and the government securities because tEe principal and interest of these obligations 1s- mained to be paid with one-half of the money that existed when the debts were contracted. We had bean adding to our stock of gold at the rate of $6O, ,OJJ, ,JoH a year. There was but one nation that had to-day more gold than the United States;that nation was France which had S949, ,0O0, 900. Was it not extraordinary, if our financial England so wise, that :, we had accumulated so large aa amount of gold, while England was losing her gold? The condition of our country, MT Teller continued, was an eloquent denial of the predictions and complaints of the enemies of silver. The stcgpage of silver colnage would be equivalent to the addition df $30o,- 0OO, GOO to the national debt. It would add from twenty to thirty per cent. to every dol- lar of debt in the land-an amount almost too great for computation. The Secretary of the Treasury told us that the laboring maii would first suffer from silver coinage. Let him speas for the great moffey corporations and for the and capitalists, but not for the laboring men, The laboring men were well aware that that great department of our government had passed into the control of bankeis and money powers: The preseht disturbed state of the public, mind silver Mr. Teller abcribed to the attacks made on it by the government
 ct oo,,1l o.aa silver had had the sanction of that depart ment, if it did not directly originate in the department The treasurer of the United States had even gone into conVent1Cn ot ffty-four banks, convention whose objec- i tion was the depreciation of silver. His l presence among the bankers was carefully telegraphed to all corners Jn silver was found in the | new system of bookkeeping recently adopted | oy the department, treating as a liability | ind not as asset the $100, 900 of the l reserve held in order to meet the greenbacks. l According to this idea, the more money the ! government held in it's vaults with which to | ,edeem its paper money or pay its lebts the greater its liability. This change of bookkeeping came of long expert ,nce in Wall street. It was for the | purpose of deceiving the people as to the mount of available funds in the treasury, as t would make 1t always $100,000 900 less han was actually in the treasury. Mir. Teller lid not commend forced circulation of sill yer he merely demanded for it an equal hance with gold. When that was dong he would abide the decision of the commercial world. Let the gold advocates give to silver rec coinage as they gave it to .old and let the judgment of mankind be aken on its value as money. Do not allow government officials to discre it it. Do not llow government agents-the national banks to refuse to receive it in deposit Let all nen understand that payment in it was just | nd fair payment of a debt within the letter nd irit of the law, and when that was lone silver would resume it's place as the ia erite money metal of commerce.
 MT. Morrill, gave notice, reluctantly he aid, of his intention to ask the Senate to lis en to him short time tomorrow on the ubject of silver.
 On motion of Mir. Edmunds the Senate at :45 p. m. adjourned.
 HoUsE.-Mr. Bragg, from the Military Af- airs committee, reported back the Senate ill making an appropriation for the pur hase of the old Produce Exchange building q New York for army purposes; Committee f the Whole Also the bill for the relief of 'itz John Porter; House calendar. The adopts the report submitted to the ast Congress, but adds that after areful consideration of the subject he members of the committee con- | luded that the objections made to the i'll ill the veto message of President Arthur re not well founded and should not inter lpt the cause of justice. The report is gned by all the Democratic members of the ommittee.
 Mr. Matson of Indiana, from the Commit ee on Invalid Pensions, reported back the i'll increasing pensions of widows from $S to 12 per month; Committee of the Whole.
 Mr Nelson of Minnesota, on behalf of the ommittee on Indian Affairs, called up the ill authorizing the use of certain unexpend- l balances amounting to $12, 900 for the re- eff of the North Cheyenne Indians in Mon ma and it was passed.
 At 2:25 D. m., on motion Of E. E. Taylor l f Ohio, the House proceeded to the consid- | ration of the Senate resolution accepting ne statue of President James A. Garfield resented by the State of Ohio. MT. Taylor | riefy eulogized the many high qualities mich distinguished the career of the dead resident.
 Mir Geddes, of Ohio, spoke feelingly of his with Garfield and of the admi- ation, love and respect with which he ad always regarded Ohios dead statesman.
 Mr. Butterworth, of Ohio, paid high l -ibute to the head and heart of the dead farfield and compared his abilities @ ,ader of his party with those possessed by laine and Stevens, declaling that Garfield as the superior of either by reason of his eing profounder thinker and possessing a ider range of experience.
 MT. Mckinley, of Ohio, followed and ldressed himself more particularly to an nalysis of President Gar6elds abilities as lown by the course pursued by him during is long congressional career.
 The resolution was then adopted. MT. Bragg, of Wisconsin, made an attempt have the Fitz John Porter bill made 8 'ecial order for Saturday, the 25th inst, but r. Durham, of Illinois, objected. h TheH ouse then at 3:30 adjourned.
 THE CAUSES OF REMOVALS O Action Decided On Yet By the
 President. WASHINGTON, Jan. 19.-A caucus of Dem l ratic Senators was held at the Capitol i'm ediately after adjournment to-day to hear