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Show LATEST DISPATDIlltt. FOItTY-FJBTH CONGRESS. SEX ATE. Wushington, 16. (jAmeron or Wisconsin presented a petition of David T. Corbin of South Carolina, asking that his claim to a seat from that state may be inquired into and decided upon its merits. He moved that the petition lie upon the table i for the present, and gave notice that he would call it up hereafter and move its reference to the committee on privileges and elections. So ordered. or-dered. Ferry, from the post route committee, commit-tee, reported the annual post route bill. Calendar. Davis' resolution asking the secretary secre-tary of war for information regarding ihe militia of the several states was agreed to. Dawes introduced a bill to author ize and equip an expedition to thej Arctic seas. Referred, Voorhees submitted the following resolution and gave notice that he would call it up on Tuesday, January 15, tor the purpose ofsubmittingsome remarks thereon. Resolved, that it ia of the highest importance that the financial credit of government be maintained and in order to do so government itself, in all its departments Bhould, in good taith keep all its con ti acts and obligations obliga-tions entered into with its own citizens. At the expiration of the morning hour consideration was resumed of the resolution of Matthews to pay bonds in silver. Bayard reviewed the financial acts of the United States and took a strong poBiuou against luaicnews resolution, declaring it historically incorrect, inasmuch as it failed to recite that Iter the act of congress of 1831 and till February, 1873, the 4121 grain dollar was ot greater intrinsic vaiuo in the market than the gold dollar ol 25 8.10 grains. Silver bullion had ceased to come to the mints for coinage coin-age and the Bilver dollar already coined could not be retained in circulation, circu-lation, and that having become practically prac-tically obsolete it was abolished in February, 1873, bo that for nearly (our years it had ceased to exist. He intended to wait until the silver bill was up, before presenting his views, tie argued that, whereas our standard was lo 98 100 parts of Bilver to one o( gold, silver was worth to day in the market 17 J parte to one of gold. The pending resolution was for the purpose pur-pose of falsifying the' standard. Could this treat government use duce an advantage in its own favor? Unless he had been connected with a mint, probably not a gcntlemnn within the Bound of his voice could remember re-member ol ever having ten Bilver dollars in hie hand from 1792 to 1877. The United States mints coined $083,000,000 of gold aud $184,000,000 of silver. Even our Hilver balf dollars would have taken flight had they not been stopped by debasement in 1853. Since the creation crea-tion of our funded debt, not one cent of silver has been paid upon it. Allison submitted the following amendment to the silver bill recently reported from the committee on finance and now upon the calendar: Section 2. That immediately after the passage of thia act, the president shall invito tbo govern men La of the countries composing tho Lai in union, eo called, ind of such other European nations ai lit um v deem advisable, to join with tbo Uuit-d Status in a con for en co to adept a common ratio latffil tender, as between Kold and silver, for the purpose ol'ehtab haliirg internationally the use of bimetallic bime-tallic monoy and lecurinjt a lixity offol-nlivevnlue offol-nlivevnlue between ibeso mKalg, auch conference to be held at such place in Kurupo or in tbs United States, at au:h timo within six months as mny bo mutually mu-tually agreed upon by tlio execu tives ot tno KOTornmaoiB joining in the tame. Whenever the KBvornmenla to invited, or any three of tlium. stall Bonify Bo-nify tbuir willingness to unitw in tho ifttno, the pros id u i t shall, by and with the advice and consent of tho senate, appoint ap-point three commissioners, who shall at-t at-t nd such conference on behalf of tho United Statoa, and shall report tho doings thereof to tho prcidor,t, whoihall transmit tbs uamo to congri;i fcjai'J c jmmitgioDors shall each receivo tho um of $L'.6oQ and their reasonable ei-pu'isBs, ei-pu'isBs, to bn approved by tho secretary of stale, and tlio amount necessary to p-y such compensation and expenses ia hero-by hero-by appropriated out of any monoy in the troisury not otherwise appropriated. Ordered printed. Hill opposed the resolution. He nftid the question was one of law. The refunding act of 1570 declared I the bonds redeemable in the coin of the then present standard value, that ii, when Ihe bonds became due they would be payable in whalover might then be the coiu of the United States, hut that coin must be of the standard value of 1870. The whole depended upon the coiuugo law, which might prevail in the United States at the maturity of the bonds. Mattliews said, supposing that on 1 the day ol the parage of the act of ,1870 the gold dollar contained 2.3 8-10 Kiaiui, how many grains of gold must a dollar con tu in to pay the l ind when it matured, should gold then be the coin o( the couulry7 Hill replied Twenty-five and eight-lontlis eight-lontlis grains of course. That is a simple question. Alatthowe Theu it silver should be the coin, how many grains must be in the dollar? Hill Four hundred and twelve ; and a half. Matthews Then why not make Bil vor a coin! i Hill said he was not willing to say what should be done thirty years henco. This conerens had no right to settle such a question in advance, f this nation chose to disgrace ilsoif, it could do so. The bonds were really redeemable in whatever might he coin at their maturity, and the resolution declared them redeemablo in silver. Allison regretted exceedingly that Matthews had thought proper to antagonize an-tagonize his resolution to what he conceived con-ceived to be the main quest inu before the senate; namely, what should be done with the silver, unless silver ' should take its olace as money? The bondB ol the United Stales must bo paid in gold. The arguments thus far against the resolution of tho Ben-i Ben-i fttor from Ohio were based upon tho , idea that it wab the intention of the ' senate and country to pay the bonds 3 in coia ol less value intrinsically than i gold coin. The arguments of Bayard r wftB based wholly upon the idea that, if we restored the silver dollar of 412 ' grains it would not be equal in value " lo the gold coin now in circulation. Bayard had asked the question whether there was any place in the world where 412-1 grains of silvor were worth 25 8 10 grains ol gold. He (Allison) could point to a place where 400 grains of Btandurd silver were equal lo 25 810 grains of standard gold. That place was the Bank of France. The standard ot silver uow proposed here was a standard ot six teen to one. He favored such legislation legis-lation as would place the two metals practically at par with each othor, on some sure basis. As to the obligation ol the government to pay its bonds in gold, that depended in a great meas ure on what should be the coin of the country at the maturity ol the bonds. But, in the meantime, government gov-ernment had the interest to pay upon them, and it should be paid with the money contemplated in the contrnct when the bonds .were issuad. He argued that Bilver w.is a money of account aud a unit of value under tho law of 1792. Was not the great debt incurred on account of the war with Great Britain of 1812 paid in eilver? Silver wna the money of account in all transactions of the government as well aa individuals. As far ai the law was concerned, purchasers of our bonds understood that they were payable pay-able in either gold or silver coin. He (Allison) believed the country could go on coining Bilver for years to come at the rate of $50,000,000 a year without disturbing at all the relations between eilver and gold. He believed, with proper limitations and remone-tizations remone-tizations of the silver dollar, that eilver eil-ver could be maintained at par with gold, at a ratio of liU to 1. The re-monetization re-monetization of the silver dollar, with proper restrictions, would have the effect of making silver equal to gold. Who was ther who did not believe, ; to-day, that if gold should be d em one tized by all the nations it would fall in value? And should all the nations demonetize eilver, it would decrease in value more than now even. The value of these two metals as money depended on their use as such. He represented a state as loyal to the credit of the nation as any state in the Union. The people of Iowa intended that the obligations of the government should be fulfilled to the lettei ol the law; that there should be no repudiation. repudi-ation. But it would not do to say that the section of thia country tnat proposed tu remoneiize silver proposed to violate Ihe national honor. Dawes quoted from the remarks re-marks of Beck delivered in the senate sen-ate a few days ago, regarding the democratic majority having in creased because that party declared it would not legislate in the interest ol went mio executive session at -1, and at 6.50 adjourned, IIOL.NK. The regular order of biidiuenH, consideration con-sideration of the Colorado contei'Ud election case, was rc-suintd. Butler favored sending tho cu-e back to Colorado, warning the dtnni crata aot to eeat Piilterdon, who wna not the people's choice. Whatever blood between the voice of the pnnpte and a fair count should be swept away. (Derisive laughter Irom the democrats.) No machinery ouht ever to puta man in office uot clecttd by the popular vote If the democrats demo-crats seated Patterson they must oiuy the cry of fraud concerning a ruconi election. Patterson being allowed to speak, replied to the Bpeech made by Haht. in which Ihe Utter churaclenz-d lum' as a vagrant aud mendicant, nud bin claim of unblushing, bare faced audacity, and said; "It is not al ways that beggais are to bo blamed Circu me lances sometimes drive them into poveny, but a coward and a villi -her :b always that either from uaLuru or fiom his own choosing. (Applausu on the democratic side.) Ii, uuer tho statement which 1 proposo to make, the gentleman from Maino docs nut I feol inclined to rise in bin place audi ask the pardon of the house, and even of a mendicant, then 1 Ihink 1 that even a beggar would he a prince beside him, in principle.." (More applause aud encouragement on the democratic side.) It was G o'clock when Patterson finished, and then Hale said: The Kentlernan from Colorado, who ban supplicated this house for a scat fur the ltt hour, baa been needlesHly excited, and has, in language which this chamber has happily alujo.il forgotten, for-gotten, seen lit to indicate, on my part, some lack of courageous action. Let me set ihut gentleman right, J do not claim any very high merit in that direction. It never occurred to me that it was an net of high courage to speak the truth about that gentleman gentle-man and hid performances in the Colorado election. Ho has iikj talked about my villilying him In that hu is needlessly sensitive. I took up the circumstances of the election, the undoubted un-doubted fact that he hurt been beaten, and that, uot content with that, ho has sou glit high and low for some mrt of tillo oulaide, in order to gi;t a seat on this floor. 1 termed that begging for a Beat, and nothing which ho has said tins in nnydttgrcu changed my opinion about it. II Ik' guts Hie seat, the people of Colorado I are deprived of the r.:preHeiitiuivo ol 1 their choice, if not by incuilicancy, I by robhory. The debate being eiuueil, tin- li'nM.. proceeded, at (1 :iU,.to vulu on thel 'ji.tcslion, The Jirut vote wna on the' proposition of the minority of the committee that Belford was entitled to the seat. This was negatived by a Btrict party vote, yeas 110, nays 128. The next vote was on the resolution that there waa no valid election, rejected yeas 11G, nays 117; Wbou the vote waa announced it waa greeted with applause on the democratic side. The following democrats voled with the republicans in the aifirmative: Butler, Stenger, VVillinma (Del.), Potter and Willis (N. Y.) A vote was then taken upon I tie majority resolution, declaring Patterson entitled to the Beat, and it waB agreed to, years 116, nays 110. Patterson nas then Bworn in as representative Irom the elate of " Colorado. i Adjourned at 8 p m. |