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Show LATEST TELEGRAMS. FORTY-SIXTH CONGRESS. EXTRA. SESSION. HOUSE. Washington, 3. Davidson calltd attention to the speech of Russell, printed in the Record, though not delivered, de-livered, and pronouncod some of He statements wbody and absolutely un true. He added that the flippant manner in which members charged lraud on others was altogether unbecoming unbe-coming the station which lhey occu-! occu-! pis 1. SpriDger, chairman of the committee com-mittee on elections, reported back tbe bill relating to tbe contested election caaea with a few unimportant amendments. amend-ments. He Btattd the only object of the bill was to permit the clerk of the committee on elections, when congress con-gress .did not me it until December, to prepare in the vacation the records and briefs of the contested election caoea and to have tbem ready to be presented to the committee when organized. Uarri opposed the bill because it gave a minibtenai othcer, during the vacation of tbe house, power to break opeu the great ee&l of state. The bill goes over to another morning hour. At the expiration of tbe morning hour consideration waa resumed of the bill reported from tbe coinage committee, amending the statutes relating re-lating to coinage and coin, and bullion bul-lion certificates. Warner submitted an amendment providing that the gold and Bilver bullion which Bhall become tbe property prop-erty of government by a return of certificates to tbe treasury in pay: ment of duea thtrelo shall be coined and paid out thesame aa other money. He made an argument in support of his subslitu'.o and quoted, in lavor of his argumeut, from the writings and Bpeecbes of Hamilton, Jeflerson and WebBter. Ho spoke of the demonetization demone-tization ol Bilvur aa a felonious act on the part of tbe monied classes and argued that coogrees bad no right to pass that legislation. He asserted that not only was Fresidont Grant not aware, at the lime of bis signing tbe bill which demonetized silver, ot tbe eflect uf tnat act, but that two years subsequently neither the President Presi-dent nor bia cabinet were aware of it. Thia was proved by ihe special message mes-sage of January 18, 1S75, in which the President spoke of the time it would take to coin silver necessary .'or the resumption of specie payment at the time of the demonitization of silver. That act, he eaid, a Heeled the country very li'.tle, but when specie payment was resumed, then its eflect was lelt, for the metalic valuation ol currency was reduced from $1 000,-000.000 000,-000.000 to $100,000. Furt reminded Warner that the ground had all been traveled over and ailver hud been remonetized two yeara ago. Warner replied that the Bland bill, while remone.tiziog silver, did not reestablish a bimetallic standard, and it was for that he was contend iog. Tho leg-tl tender paper currency cur-rency was aa much a money as if it were gold or silver coin. He asserted that, in England, gold bad appreciated ap-preciated in purs basing power be tween 15 and 2H per cent, within tbe Inst filtenn months, and the qups tion was whether a standard which wns thus constantly changing should be adhered to. If tbe value o( money was being constantly changed it was easy to Bee that all tbe relations of values were overturned and industry indus-try waB necessarily paralyzed. He regarded the success of the 4 per cent, loan as the snddest commentary that could be made on the country. Ii proved only one thing, and that it I nroved absolutely, thai there wag no : profit in the United States on productive produc-tive capital or industry, and that tbe American people, with its educated brain, its skilled band and ite indua trial equipments, was earning no profit. It he had bis own way the light of another day ebould not lade from the sky till every one of the financial measures, wicked and wrong throughput, was torn Irom the statute book. (Applause.) 'ihe eflect of the provision ol the bill a How iog unlimited un-limited coinage of silver would be to incieaso the value ol silver ond to decrease de-crease the value of gold. That waa the eort of compensation which be longed lo R bimctnlic system and tended lo retain the fquivalency ot two metals. In conclusion he urged a return to the standard of the fathers and the giving to tbe people ft cur rency that had an element of un ; changeability to the tu Most w tent ' possible. Tbftt could on!y be by allowing allow-ing unlimited coinage of both mttals. : (Applause.) CUflm obtained the fhor and the houso adjourned. |