New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-04

Republicans. "a Democrats. independently to
81 nays IA Republicans, Democrats). In the
House the Senate substitute was agreed to IN
two votes, 203 to ~. and l96 To II. nearly
sectional vote, the West and South against the
Middle States and the East
President Hayes vetoed the bill February ".
1878 In his message on the subject ne SAID
that he anxious TO concur with Congress
in increasing the Of silver coin. The coin
provided for by the bill was however. worth
only from 90 cents to % cents in gold. The bill
would put an end to the receipt OF gold for
duties on imports and compel the payment OF
the principal and interest of the public DEBT
in silver 1t would be grave breach OF the
public faith to pay bonds in silver money which
was worth less than the coin for which the
bonds were sold. To make legal tender OF.
dollar worth less than any other dollar. either
coin paper, was an act Of bad faith Inc
standard of value should rot be charged WITH
out the consent Of both parties To the contrac-.
This message was unheeded by Congress. The
Senate passed the bill February ~, 1878 over
the Presidents veto by &c yeas as Republicans
u Democrats. l independently to ~ nays uo
Republicans. Democrats). The House passed
the bill the same day by 1876 yeas ca Republ-
cans 1l9 Dernocrats) to % rays (51 Republic
cans DeDOCfalSD lNis WAS 'eiy heoii'
sectional vote in both houses. Mr. Carlisle
Dem. Ky) was among those who voted for
the bill
THE FIGHT OVER RESUMPTION.
The bill of General Ewing uDem-. Ohio), OF the
House. to repeal the Resumption act (or rather
those clauses Of it which provided for resump-
toni. which had been sent to the Senate at the
od 70
reported to the Senate at the second session
with a substitute. the latter being very different
from the original The substitute proposed that
United States notes should at once he received
in payment for per cent bonds. and after
October l. 1873 for duties foreign goods and
further. that the provision in the Resumption
law for retirement OF SSO0OD0 OF legal tenders
for every 81 900 900 Of National bank currency
issued should be repealed. OF course. there
was a long debate. The Republican Senators
showed that the premium gold which had
been ii per cent when the Resumption act was
passed had fallen TO three-eights Of ! per cent.
and that the country was ready for resumption
The Treasury had SS0.0O0.VU Of gold. and all
the conditions were favorable for specie pay
rnents The legal tenders would be good as
gold in a few months. and the concession OF
making the duties payable in paper would DO
no harm The Democrats declared. on the other
hand that the country could not MAINTAIN
specie payments, account OF the drain OF
gold to Europe in payment Of interest on the
public debt etc. The Senate struck out the
80 per cent paragraph and then passed the SUD-
stitute June Is, 1878. by ~ yeas t21 Repubi-
cans. % Democrats. independently. to ID nays
% Republicans. Democrats). The antl-resuhP
ton members Of the House were disconcerted
when their bill came back to them changed III
this remarkable manner and they opposed the
Senate substitute stoutly vote was taken
twice TO suspend the rules and agree 10 the
Senate substitute The first one was beaten
112 yeas to 122 nays The second one also
failed. the vote being 40 yeas uOS Repubi-
cans 32 Democrats) TO 112 nays 40 Republi-
cans y; Democrats, not two-thirds in the ar
frmative.
An act introduced by Mr.. Fort Rep.. lllsD
was passed. stopping further retirement OK the
legal tenders leaving that issue $346,6Sl,Wo' al
which figure they have. down 10 lS.G, since re-
manned.
PROTECTION ASSAILED.
At this session the Democratic party In the
House Of Representatives made another effort
IN strike down the protective tariff.
Fernando Wood. q Democrat and free-trader
from New-York City introduced a crude Ill
digested bill. to revise the tariff in accordance
with extreme English and Democratic ideas
Mr. Wood admitted that it was bill to re
suscitate American commerce. and his argu-
ments. showing how English exports to the
United States had fallen off, revealed the whole
nurpose and origin Of the bill. II was de-
signed TO aid English manufacturers and Ameri-
can importers at the expense Of American labor
and American industry.
Congress was flooded with petitions against