Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-01-21

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had shown their confidence In silver.
They had sent East sec, 200, 900 Of gold.
and had taken silver certificates for IL,
sustained by silver alone, until the treas
ury stopped It.
/ Mr.. Mcpherson eslxed II Mr.. Beck
meant to say that all this vast amount OF
I gold had been sent TO the treasury from
the West for the purpose Of getting silver
certificates.
Mr.. Beck said he did.
| MIR. Mcpherson Let me tell the sena-
tor exactly what was done. The senator
knows that for long time past there has
! been large increase in the gold reserve
! in the Bank OF New York. They have
experienced exactly such trouble as
/ Is now being forced on the coun-
try by the continuance OF silver
coinage. What do they doy They have
deposited their gold In the sub-treasury
at New York. The original certificate has
/ been sent TO the treasury at Washington
and silver certificate has been issued
upon that and charged against the silver
upon deposit in the treasury. Now, then,
what becomes OF the certificates? At a
certain time vast amount OF currency is
needed at different places in the West 10
move crops. The treasury itself agrees
and takes upon itself the responsibility
and cost of transporting these certificates
/ to the West without cost to the banks.
\ The bankers have deposited their certitl-
Gates and taken that in exchange2 Why?
| Because they were In possession of ex.
change and wanted more currency. These
bankers bring il to New York ana
recoup themselves out of the exchange
there. In other words, the banker has
made handsome financial transaction by
depositing his gold, which he did not
want to use for the purpose of getting
certificates.
| Mr.. Teller, in whose time most Of the
debate had taken place, declined to yield
any longer, and continued his remarks.
He rcpudiated the idea implied by the
gold advocates that the people whom he
represented meant to scale the debt.
These people had as much patriotism as
the people of any state in the Union.
They had contributed more men to the
army in proportion to the population
than any other state In the Union.
Mr.aMaxey said the bankers had been
doing all they could 10 bring about their
own predictions, and a little ring of them
had been formed for the purpose OF ship
ping little gold.
The debate then came to close, and
after an executive session the senate adj
journed
THE HOUSE.
WASHINGTON, Jan. 20.-Mr. Thomas of
Illinois, from the committee on naval
affairs, reported the bill authorizing the
president 10 retire Lieut. W. b. Randall
as a lieutenant commander. Placed on
the private calendar.
Mr. Rallantina nj Taunaaeaa from tho
same committee, reported bill authoriz-
ing the voluntary retirement Of navy
officers who have rendered conspicuous
service in battle or who have served
thirty years in the navy. Placed on the
house calendar.
Mr.. Matson of Indiana, on behalf of the
committee on invalid pensions, called up
the bill increasing the pensions OF widows
and dependent relatives Of solid from
IS to Sl2 per month. Mr.. Matson stated
that the bill received the unanimous APP
prevail of the committee. The additional
annual cost to the government by reason
OF the passage OF this bill would amount
to something over S5,000,000, but he had
prepared an amendment repeating the
| limitation clause of arrears of pensions,
which he hoped the gentlemen would be
willing to vote for.
Mr.. Grosvenor of Ohio, while heartily
in favor of the proposition, announced
his intention of voting against it Tor fear
! 1t might impede the passage OF the bill.
Mr.. Mills of Texas did not object to
the payment Of pensions, but he objected
most strenuously to the burden of taxa
ton resting upon the shoulders of the
poor, while none OF it was borne by the
wealthy 1t was the duty of congress to
reimpose the income tax upon the
wealthy of the country, and compel them
to bear part OF the burden of support
| ing the pension roll of the government.
| Mr.. Henderson of Iowa said that the
/ political party which would for any
reason defeat the passage of the pending
! bill assumed great responsibility. He
wanted better advantage for his political
party than that it should give its earnest
support without hesitation or hindrance
/ to the pending proposition in favor OF the
women of the country whom the war mad
deprived of the natural and legal props
to support them in their struggle for life.
| Mr.. Wadsworth of Kentucky earnestly
supported the bi l. but while he was In
the middle of his speech the morning
| hour expired.
Mr.. Morrison of Illinois moved that
the house adjourn, but the house voted
the motion down, and on motion OF Mr..
NIatson went into committee OF the
whole, Mr.. Wellborn of Texas In the
chair, the purpose being to continue the
| discussion of the pension bill
The first bill on the calendar was the
senate bill for the purchase OF the Old
Produce exchange in New York city, and
Mr.. Symes of Colorado receiving recog-
milton of the chair stated that
was the precise bill he wished
to talk about, aud Immediately
proceeded to deliver speech in opposi-
/ tlon 10 the suspension OF silver-dollar
coinage. He ridiculed the assertion made
by the president and the secretary OF the
treasury that the silver dollar could not
be made to circulate, and declared thai
the coinage and legal-tender laws
had been willfully violated ps
the executive officers OF the
government. In conclusion, he warned
the house that the demonstration OF sil
yer would create fiat money party II
this country compared with which Inc
Greenback party from the close OF the wal
to 1879 was small and Insignificant,
The house was then brought back 70 th'
subject under immediate consideration j
J being the produce exchange bill. 1t wa
passed and the house adjourned.
Taken Back 90 Delaware,
WILMINGTON, DEL, Jan. ls.-The tran
bearing the body OF Miss Katherine Say
: ard arrived this evening. Secretar.
rul