OCR Text |
Show LATEST DISPATCHES,8 FORTY -FIFTH CONGRESS. I SENATE. I Washington, 4. The morning hour ws taken up in the presentation ol petitions from all parts of the country, i most uf the in remonstrating ;tginst ! any changed in the present tarifl jduiifs and a restoration ol the tax on tea and cofl'ee, all of which were re-J torrid. j Other petitions favoriDg the oreani-1 zalion of a department of industry, j the bead thereof to be a cabinetj offirrer, were presented and referred. Chaflee presented a petition of cili-i zens of Colorado, favoring the purchase pur-chase by government of all the telegraph tele-graph lines of the country. Referred to the committee on poatoffices. Kernan presented petitions from the citizens of Ontario, Madison, Ducbesse, Schuyler, Queen's, btue-ben, btue-ben, Franklin, Albany and other counties ot New York, in favor of the remonetization of silver and the repeal of the epecie resumption act. Re ferred. Beck presented resolutions of the American Association of breeders of Bhort born cattle, in regard to the1 duties imposed on live stock other than thoroughbred imported into C.uiada and the United Slates. Re ft r red. Miixuy, from tho -committee on military affairs, reported with amendment amend-ment the sonate bill amending the revised statutes relative to tho appropriation appro-priation for the militia force of the United States. Calendar. Withers, from tbe cammittee on pensions, reported with amendments the senate bill amending the laws grautiug pensions to the soldiers and sailurs ot the war of 1812. Calendar. House, from tbe joint committeo on library, reported a bill constituting a commiision to coniidor and report a plan enlarging tbe accommodations for the library of congress, and ap propriating $2,500 to procure plans. Calendar. Morrill, Irom thu committee on finance, reported amendment to tbe bill to remit taxes on insolvent banks, being in eubutonoe that presented by Rollins last week, in regard to exempting ex-empting mercantile or buoineaa deposits de-posits from taxation upon wbich no I interest has been allowed. Orderud printed. Chaflee submitted a resolution cll-iug cll-iug upon the secretary of the treasury to transmit to the senate copioa of any paperB in hie department relating to the settlement of accounts for the transportation of the Second infantry from St, Louia to San Francisco in July, 1S77. Agreed to. Conkling, from the committee on foreign relations, reported favorably on tbe house bill to change the name of consulate at Omsa and Truxillo. Paused. , Davia, from the committeo on judiciary, reported a substitute for the i hill to prevent abuses in respect to the mileage of district attorneys of the United States. Placed on tbe caleu dar, Dawes introduced a bill regulating the authentication and use of proxies in meetings of shareholders in national banking associations. Re-lerred. Re-lerred. Tue following bills were introduced and referred: By Spencer, to incorporate tbe National Pacific railroad and tele-grap tele-grap company. By Saunders, supplementary to the joiat resolution in relation to the lflTT m CAyQt3lblOU. " " At tbe expiration of tbe morning Ik.uf, consideration of tbe silver bill was resumed and Beck submitted an lituitndment directine the secretary nf the treasury to purchase from time to time silver bullion, not lesB than $3,000,000 per month or as much more as can be coined at the mint of the United States, the United States to have the benefit of the gain or seigaorage; provided whenever the Qjurket price ol silver bullion is such tb;U it c.tunot be purchased at less than par in legal tenders he shall give notice of the fact and then any citizen of the United States owning bullion may deposit the Sitne at the mint and have it coined. The amend ment further provides that subsidiary coinage shall contain the same relative rela-tive quantity of pure and standard silver aa the silver dollar. After Beck had explained his amendment briefly Bayard spoke in opposition to the bill. Bayard argued that tbe passage of the bill would entail worse disaster on tbe American people than yet experienced. A stable currency was absolutely necessary to prosperity. He believed this agitation of the question alone had prevented small gold eoins from coming into general circulation, and fluctuations would have ended. He read from a recent dispatch regarding the suspension of silver coinace in France. Matihewssaid the French assembly, voted to restrain coinage on private account, not on government, account. Bayard said he did not so understand under-stand it. Ho read from tables to show that the fathers coined no silver dollars from 1804 to 1S35. The ellect of I tie passage of this bill would baa reduction by 10 per cent, of the revenues rev-enues upon imports. Bonds would come back irom Europe and the price of them would decline. Upon what basis whb it supposed we could resume specie payment? Better with $50,000,000 of silver than $200,000,-000 $200,000,-000 ot gold. He favored the amendment amend-ment of the finance committee, proposing pro-posing an international conference to fix the ratio of value between gold and silver. This Bhould be done at once. He was willing to see coined Ireely the dollar of 412 grains, pro 1 vided it should not be used to disturb our measure ot values. He was will- i iuE to make it a legal lender to a limited extent, but to do olberwiBO nieiint national bankruptcy and nothing noth-ing else. Eaton then took the floor, but before commencing hie remarks, yielded fwr the motion to adjourn. Senate adjourned. |