The Russellville Democrat., 1888-08-30

But who passed this bill and created the national banksp In the senate the republicans voted mo" g, "aye" 2l, constituting a majority of more than two to one in it's favor. In the house the republicans voted "no" 22 and "aye' 75, making over three to one in it's favor. Thus the republi- cans foisted upon the country the national bank system.
 THE SUPPLEMENTAL BANK BILL. l On Apri. Is, 1864, what IS known as the supplemental national bank bill was a repetition of the evils of the charter act, and was intended to foster and perpetuate the national bank system. The democrats voted in the house 65 solid "no." The re- pubhcans voted faye" 30 and tho" only l. In the senate the democrats voted ' solid "no." The republicans voted "no" 2, "aye'' 30. Thus the republican party passed this ob3ec tionable act. On the same day when MT. Arnold offered in the house a resolution to provide for taxing state banks, Mir. Randall, demo ,rat, of fered to amend by providing for the taxation of national banks.
 Notwithstanding that Samuel J. Randall, who is now speaker of the house, stands aud stood then among the first parliamentarians on the con tinent, on this resolution of taxing national banks, a re. lblican speaker, n the interests of the money power, arbitrarily ruled him tout of order" Every member familiar with the his tory of this body knows how potent is the voice of the peaker for veal or for woe. On this occasion it was invoked for the defeat of righteons measure, and thus the republican speaker, denied even the hearing of the cause.
 In March, 1869, when the 'act to strengthen the public credit" which ought to have been entitled an act to swindle the people, came up for con- sIderation, debate was cut off. Al though it declared the currency in debtedness of the country to be pay able in coin, and added $500, 100000 to the public debt, it was passed un- der the "previous question -the "gag law gigantic fraud. On it's passage in the house only l demo- crat voted aye, while 34 voted no. Only I2 republicans voted no and 96 voted aye. In the senate the repub licans voted no z; aye, 42. The democrats voted solid no, While this measure was pending in the sen ate MT. Thurman, a democrat, nov ed to add that:
 Nothing herein contained shall ap- ply to what is commonly called a.e0 b0nds,h
 These bonds were payable in green backs, and this act was to make them payable in coin. It was to avoid the consummation of that out rage upon the people that Mir. Thur man offered his amendment. The democrats voted solid for it. The republicans voted aye, only 6 and n 31. Thus without amendment, in all its original injustice, the repub lican party passed this odious act. On March 29, 1869, Mir. Morgan, a democrat offered a resolution to ex empt salt, tea, coffee, sugar, matches and tobacco, and to tax the bonds. This resolution was defeated. The democrats voted aye, solid 39; the republicans voted solid no, 104. Thus the republican party in the house by unanimous vote again defeated an effort to tax the bonds.
 In 1870 the act was pending which provided for funding greenback bonds into coin bonds, and which robbed the people of $500,00O, ,000. The democrats of the house voted solid no, 54. The republicans yot- ed no only ?, and aye 239. h the senate the democrats voted solid no. The republicans carried it, and taus the republican party is responsible for the wrong which resulted from this iniqultous measure; and when the houses divided aud conference committee was appointed to consider the differences ppon this bill, MT. Books arose in his seat and told the republican speaker, Mir. Blaine, that the conferees were "'ll on one side" and that the minority was not rep resented. Having "set up" the com mittee, the republican speaker con- temptuously replied, ''it is not essen tial tha it should be-" In July, 1870, when Sherman's proposition was pending to increase the national bank circulation $54, 100000, as us- ual in all these aggressive measures the previous question was demanded and debate refused. While the dem- ocrats voted aye only 4, and no A, the republican party passed this bill. On June IA, when that same bill was pending, Mir. Randall, demo- crat offered substitute which pro- posed to take up the national bank notes, and issue $300,000,000 in greenbacks in their stead. On this measure the democrats voted no on fly 9. and aye fl. The republicans voted aye and no 10, and l05. Thus thls proposed issue of greenbacks was defeated in the house by the re- publican party.
 At the same time Mir. Morgan, a '! democrat, offered substitute which provided for repeating the national bank act, and the substitution of $4O0,u00,000 in greenbacks, with full legal tender qualities for the na- tional bank notes. The democrats voted no II, aye 34, or over three to one for the substitute. The repub licans voted aye only 3,..and no ll6. Thus the republican party Tn the hnnnn dnfaaied alsn fhis nrnnnaad fir