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Show MOREMONEYNEEDED Stanford Addresses the Srnite on His Bill to Itverrate the Clr- cnlaling Xedlaia. 3s. LieCCOIB' SYMPATHY FOR CABRIELLC BOMPARD. The Parnell Fight: Various Accounts Or the Injuries Sustained iiy Uim. AN IRATE LAWYER CREATES A COURT SCENE. British War Vtseli Expected to Assemble In Behrlog'Sca Vex t Spring. By Tclezraph to the SEU-S. THE HTANFnRD BILL. An Atldrem fa Itie rteuatf an the Inerease ar yloney. WAiuli.itJro.i, Dcclt'. Btanford, in his address on the bill to iucfeaio tbe circulating medium, said money was the most Important factorlntbe buslnei) relnlion. of .tho country. There wis a limit to trie quantity of gold and silver metals, and that limit could not bs exceeded by any effort ou the tort of thegovernment. It was, thenforr, a great mistake for the government to confine itself iu tho iesue of money to material outslilaof lts,Kntml aud limited in quantity. On tne sufficiency nf uioney depended ery largely tlie Industries of the country. An illustration illus-tration of Its Importance was to be found In the present deprvtted financial condition. Never was tho country more prosperous Jet, owing to want of money upon a slight disturbance dis-turbance of credit, there was dlstrt m ail over the land. Ho general was this uneasiness aud apprehension that money .frtiich ought to be iu circulation was being' hoarded. Tlie bUl hK was tiarr canidetii)s proposed to put tlie goternhieE. In a condition to issue a supply sup-ply of money equal substantially substan-tially to tbe general demand and to erect a standard by which tlie government might determine unto useful value of two iiercinL. what was tbe amount ot needed money. Legal tender coles weuld be Issued under the provisions of the bill upon unimpeachable and practically prac-tically Ineahaiistfble 6tainty, and ltssupply was to be asdeflalriwrarid determined by a rale which the borrower could afford to pay. Two per cent was the amount to be paid to the government for tbe loan of IU money, ami so long as nioney was worth more than 2 per cent, the security being practically Inexhaustible, Inex-haustible, money would always be borroTs-d from the government, and thus tUe government wo'.lld ti able to discharge its duty and eopply the general want. The principle of the government loaning money was fully established by tlie advance it now had made upou its own tout!?, which, while entirely good between bankers and the government, did nnt strengthen tho security of the bill holder, which rested at hut upon tho authority of the government. TUB SCHEME OF THE BILL is to supply an ample amount of money for ail business purposes. I have mentioned lauds as security, oecaue they amiear the best and most certain of ail eecUrlty and are sufficient to furnish all tho money needed. Tile people, I think, will bavemorc confidence in a financial measure tiiat is new aud radical If it bas at present bud ouly for a basis. The rate of interest on these loans on real estate is fixed at 2 per cent in the bill but In time may be reduced as experien' shall teach. The rate f interest charged by the govern-ment govern-ment under the r rovislou of the bill ail) not necessarily fix the general rate of Interest for business purpofes. That will always be determined by its value In use. The farmer having tills best security will borrow for his own use, or the use of others who may bo willing to pay hltri a satisfactory satis-factory interest. Tlie banker borrows money from the government free of Interest, and loans it at such rates as ita use commands in the market. This measure has been comiiared to tlie plan adopted in tbe Argentine republic for loans en Iacd, but there la no ara'ogy between tho two dnd to compare lite working of a measure meas-ure of that republic of fay 3,000,000 population, to that of our ecu n try, with Its enligbteneJ 112,030,000, would be like comparing tbe methods meth-ods off ome irresponsible banker to those of the Rothschilds. Tlie bill uxes tlie standard for the amount so long as money can be profitably ued at more than 2 per ce i per annum. Theablilty of tbegovern-ment tbegovern-ment to make money being unlimited, unlim-ited, the real wants and necessities ot the people can be ascertained and met. The foundation of the whole matter and the real question to be considered 1 that Inasmuch as the government reserves the right to Issue Is-sue money, it is Its duty mean? being provided to furnish What Is necessary to the prosperity of tile people." At tlie conclusion of Standard's remarks, the bill was n ferred to the committee on finance. The Senate then took up the rmTi- DEHC1ESCV HILL on which some di-cuss'on took place, reflecting on tile Houe for the Inadequacy of tlie regular appropriation appro-priation bill , Uius necessitating frequent fre-quent deficiency bills. The bill passed. A bill by Ingalis to allow an exchange ex-change of interest bearing debt for legal tender notes was referred to the finance committee. A resolution by Mandersou was referred to the committee on Indian affairs, Instructing that committee to inquiru into tlie condition nf the Indian tribes of North and South Dakota, Montana and elsewhere, the steps neve ry to disarm them, etc Tbe Senate hill for a public building build-ing at Fresno, CaL, appropriating $75,000, was placed on tbe calendar. Tbe election bill was taken up and Bite aud Gilcon argued against it. Stewart made an argument that an attempt to execute It Jn the South would be disastrous to both races. He was a friend of the colored man and deeply sympathized sympa-thized with him, but could not ask him to put his life in Jeopardy in order to fight a political battle for his (Stewart's) advantage. He was equally a friend to the white man and desired to refrain from an act which might justify the white man in making war upon up-on a defenceless race which Congress Con-gress had enfranchised. Whatever was done in the matter of protection to the suffrage, in the south, unless done thronzb the volnntary action of the people of that section, would have to result in one of two things: If the negro were, protected by force the same force would Inevitably be driven to tbe necessity of destroying destroy-ing his enemy. That involved the enslavement and final extermination extermina-tion of the whites. The employment of force would result ultimately in the extenni nation either nf the blacks oc tbe whites. If the mill taryojrer wel"to be nsjd in the j execution of tbe pending bill, then SHOULD BEDEFATED. i Hoar had the provisions of the force bill ot 1S75 read for tbe purpose of Justifying the opposition to lt by himself and other republicans and show there was no Inconsistency in bis support of tho pending measure Dawes introduced a bill to prohibit pro-hibit the opening on Sunday of any exhibition where appropriations of the United States arts expended. Adjourned. IRAY'iJ AMENDMENT. Senator Gray introduced In the Senate a number of trufendmenbi to the pending election bill, which strike out the provison for a permanent perma-nent annual appropriation for compensation com-pensation of supervisors and takes from these officers the power to Interfere In-terfere with tbe returns. - THKHOCSE. W'AhliiMiTo.v. Dec 19. In tbe House today Morse, of Massacbu setts, introduced for reference a bill providing that no exhibition or exposition ex-position for which an appropriation is made by Congress shall be opened en Sunday. Violation of the act is punishable by a Hue of not less than 100 nor more than $1000. Tlie House today, after passing the District of Columbia bill, took up the conference report on tlie bill amenjiuj the act fur the division of a portion of the Sioux Indians in Dakota into a smaller reservation. The only change made Is an author. ' Izatlon for the expenditure of an ap- , propriation of SlltyOOT ttsuie for the IHirrhae of beef and other rations. ( i n speaxi ng ol me measure, Allen, of Mississippi, took occasion to criti-cire criti-cire Congress for doing nothing to relieve tlie financial stringency of tbecountry and expressed his belief tiiat the President had done wrnnz and shown his bitUrness in attempting at-tempting to bulldoze the Senate. He quoted the remark of a lady fond of decorating her parlor with sculpture to the effect that she was gr.lng to.secura a life-size statuette of President Harrison. The report was agreed to and tbe House adjourned. |
