Democratic Sentinel, Volume 2, Number 2, Rensselaer, Jasper County, 22 February 1878 — NEWS SUMMARY [ARTICLE]

NEWS SUMMARY

THE SILVER BILL.

The text of the bill remonetizing th silver dollar, as it paused the Senate of the United States, is as follows : . tie (t enacted by the Senate and House of Representative* of the United States of America in Cont/fress assembled, That there Khali be coined at the several mints of the United States silver dollars of the weight of 412. X grains troy, of standard ellver, an provided in the act of Jan. 18, 1837, on which ahall Ire devices and superscription provided by said net, which coins, together with all eilver dollars heretofore coined by the United States of like weight and flnenoes, shall be a legal tender at their nominal value for all debts and dues, public and private, except where otherwise expressed •and stipulated hi the contract; and the ■’Secretary of the Treasury is authorized and directed to purchase, from time to time, silver bullion, at the market price thereof, not less than S2,OO:i,(KX) worth per month, nor more than $4,000,000 worth per month, and cause the same to be coined monthly, as fast as so purchased, into such dollars, and a sum sufficient to carry out the foregoing provisions ot this act is hereby appropriated out of any money in the treasury not otherwise •appropriated; and any gain or seignoiruge arising •from this coinage shall be accounted for and paid into the treasury as provided under existing laws relative to the subsidiary coinage; provided, that the amount of money at any one time invested in such silver bullion, exclusive of such resulting coin, shall not exceed $5,000,000 ; and provided, further, that nothing in this act shall be construed to authorise tbs payment in silver of certificates of deposit <i*KU#d under the provisions of Sec. 254 of the Revised Statutes.

Bkc 2. All acts and parts of acts Inconsistent with the provisions of tills act are hereby repealed. nrc. 3. That, immediately after the passage of this act the President shall invite the Governments of the countries composing the Latin Union, so called, and of such other European nations as he may deem advisable, to Join the United States in conference to adopt a common ratio between gold and silver, for tho purpose of establishing internationally the use of bi-metallic money and securing a fixity of the relative value between those metals; such conference to be held at such place in Europe, or in the United States, at such time within six months as may be mutually agreed upon by the Executives of the Governments joining in the same, whenever tho Governments bo invited, or any three of them, shall have signified their willingness to unite in the same. The President shall, liy and with tho advice and consent of the Senate, 'appoint three Commissioners, who shall attend such •conference on behalf of the United States, and shall report the doings thereof to tho President, who shall transmit the same to Congress. Said Commissioners shall each receive the sum of $2,500 and their reasonable expenses, to bo approved by the Hecrotary of Hfate, and the amount necessary to pay mich compensation and expenses is hereby appropriated out of any money in the treasury not otherwise appropriated. - Hec. 4. That any holder of tho coin authorized Uy this act may deposit the same with the Treasurer or any Assistant Treasurer of tho United States, in •sums of not less than $lO, and receive therefor certificates of not less than $lO each, corresponding with the denominations of United States notes. The coin deposited for or representing the certificates shall be retained in the treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes and all public dues, and, when so received, may be reissued. Following is the vote on the passage of the bill;

Teas—Allison, Armstrong, Bailey, Beck, Booth, Itniw, Cameron (i'a.), Cameron (Win.), Chaffee, 'Cockrell, Cook, Conover, Davis (111.), Davis (W. Vii.), Donnie, Dorsey, Eustis, Perry, Garland, Gordon, Grover, Hereford, Howe, Ingalls, Johnston, •Tones (Fla.), Jones (Nev.), Kellogg, Kirkwood, McCreery, McDonald, McMillan, Matthews, Maxey, Merrimon, Morgan, Oglesby, Paddock, Plumb, Baulsbnry, Saunders, Spencer, Teller, Thurman, Voorhees, ’Wallace, Windom, 'Withers—4B. Says— Anthony, Barnum, Bayard, Blaine, Burnside, Christiancy, Conkling, Dawes, Edmunds, Hamlin, Hoar, Kernan, Lamar, McPherson, Mitchell, Morrill, Randolph, Rollins, Sargent, Wadleigh, Whyte—2l. Politically the vote was as follows, including those paired and absent: For the bill, Republicans, 26; Democrats, 26 ; nays, Republicans, 14; Democrats, 10. Twenty-two States voted unanimously for the Lili, namely: Virginia, Ohio, North Carolina, Pennsylvania, Alabama, lowa. Florida, Colorado, Kentucky, Indiana, Tennessee, Minnesota, Arkansas, Nebraska, Louisiana, Wisconsin, Texas, Illinois, West Virginia, Kansas, Missouri, and Nevada; and eight States gave half their votes for the bill : Delaware, Maryland, South Carolina, Georgia, Mississippi, Michigan, California and Oregon.

foreign news.

The British channel fleet has been ordered to the Mediterranean. There has been a panic in the grain trade of Belfast, Ireland, and many firms have failed. Russia has notified Austria that among the questions withdrawn from the consideration of the conference are the reorganization of Bulgaria, the occupation of Bulgaria by Russian tro< ps, and the reannexation of Bessarabia. This note has given umbrage at Vienna. A London dispatch of the 14th says : “The British fleet has left Besika bay for Constantinople without obtaining the Porte’s permission. The Sultan has declared that, on the entry of the Russians, he will proceed at once to Broussa, in Asia Minor, and, should he do bo, there is little likelihood of his future return.” The fortune left by the late Pope Pius is estimated at about $24,000,000. At Lima, Peru, recently, the people were astonished and frightened by a severe thunderstorm, the first one in that country since 1805. A London dispatch of the 15th says : “In spite of a formal protest from Turkey, the English fleet have passed the Dardanelles, and anchored in the sea of Marmora, within one hour's sail of Constantinople. No opposition was offered by the Turkish forts. Two ironclads were left in Besika bay, and |the remainder went on within a few miles of Constantinople. Lord Derby, in a note to Gortschakoff, protests against the Russian occupation of Constantinople; The protest is couched in very strong language, and it is considered that war is imminent.” % The leading French newspapers advise the English and Austrians to keep the peace, intimating—what is clear enough to all disinterested people—that they rejected the opportunity when intervention might have commanded success, and can do nothing now but bring disaster on themselves. Late advices from Havana report that the Cuban insurgents, headed by their chiefs, are trying to arrange terms of peace all over the island. Great dissatisfaction is felt in Servia at the uncertain terms offered by Russ l a to the principality. The Italian ironclad Terrible has been wrecked near Salonica. We glean the following from the London dispatches of the 16th : A special from Constantinople reports that the headquarters of the Turkish army of defense have been .removed to Stefanos. The Turks are hurriedly erecting earth-works on the Kujuk-Chekmedja line of defense. A St. Petersburg correspondent Bayß he haß becn in _ ° rme P eace negotiations are now prachcaUy interrupted - for, since the appearance of the British men-of-war in the sea of Marmora, the Turkish plenpotentiaries declare «f a l < ST P e^ fl a, A nOmy f ° r Bu Wl»is inadpM.siblo, The correspondent adds; »This

statement may be regarded as official. It probably means that the Porte objects to the extent of the territory which Russia wishes included in Bulgaria.” A London telegram of the 18th of February says : “ A congress has at last been agreed to by all the powers, and it will assemble at Baden-Baden at the earliest possible date, each power being represented by the Minister of Foreign Affairs. The United States, it is understood, is to be asked to take part in the congress. Austria will make an energetic protest against the prolonged occupation of Bulgaria by Russia, and also against the dual autonomy of Bulgaria. The British fleet having withdrawn to Mundania bay, about forty miles from Constantinople, the Russians have not yet occupied that city, although a detachment has entered the ports in the outlying suburbs.”

DOMESTIC INTELLIGENCE.

East. The office of the Troy Tinies has been destroyed by Are. Loss estimated at SIOO,OOO. William Upham, woolen-goods manufacturer, Spencer, Mass., has failed for $150,000. The Daniel Webster mansion, at Marshfield, Mass., has been swept away by fire. The greatest destitution exists among the resjiectable working people of Newark, N. J., on account of the recent savings bank failures. A disastrous fire occurred in West Twentythird street, New York, a few nights ago. The loss is estimated at upward of $600,000.

West. Tho city of Chicago has been brought to a serious financial crisis by a decision of the Supreme Court of Illinois. That decision is to the effect that the city canno’ borrow money repayable out of tho general-tax fund. Neither can it borrow money to pay the principal or interest of money which has heretofore been borrowed in that manner. Some $500,000 borrowed in this illegal manner is now outstanding. How it is to be paid is what is puzzling the financiers of the Garden City, as well as those who loaned the money, and, if the city cannot pay the interest on what it has already borrowed, it can hardly expect to negotiate any’ more loans. A manufacturing company at South Bend, Ind., pays off their employes, numbering about 250, in gold. Three colored children were burned to death at Ironton, Ohio, the other day. They were left alone in the house, which was destroyed by fire. John W. Beavers was executed at Madison, Ind., on the 15th of February, for the murder of J. W. Sewell. He made full confession of his crime. On the same day John Ables was hanged at Carthage, Mo., for the unprovoked murder, in April, 1874, of John Lane. Ho ut 11. The charge is made that the Judge of the court (Whittaker) in which Thomas C. Anderson was tried and convicted, at New Orleans, is a defaulter to the Government in the sum of $600,000. Whittaker was Sub-Treasurer at New Orleans in 1866- 7, and it is claimed he lost this amount of the Govern- , ment funds in gold speculations. He was tried at the time on tho charge, the jury acquitting him without leaving their seats. The proposition in the Virginia Legislature to repudiate a portion of the State debt has been finally defeated. The revenue officers are relentlessly pursuing the illicit distillers in the South. The extensive raid among the moonshiners in Southeast Missouri resulted in the capture of a large number of stills and mash-tubs. In Jackson county, Tenn., a number of crooked distilleries have been seized, and in North Georgia several successful raids have recently been made.

WASHINGTON NOTES.

In his remarks on the Mexican question before the House Committee on Foreign Affairs,, Mr. Foster, the United States Minister, declared that no treaty between the Mexicans and this country ean be enforced without first suppressing or exterminating the people on the Mexican side of the Rio Grande who make a business of robbery and murder on this side. Federal appointments: Benjamin Flagler, Collector of Customs for the District of Niagara, N. Y.; Hiram L. Brown, Collector of Customs for the District of Erie, Pa.; Charles Silent, of California, Assistant JusticJ of the Supreme Court of Arizona Territory; Benjamin J. Spooner, of Indiana, United States Marshal for Indiana ; Jesse W. Griest, of Pennsylvania, Agent for the Indians of the Otoe Agency, Nebraska.

The question of the reduction of the whiskytax may be regarded as irrevocably settled for the present session of Congress. The Senate Finance Committee has unanimously agreed to the House resolution declaring it inexpedient to make any change in the tax. The House Banking and Currency Committee is said to have practically agreed to a bill to substitute greenbacks for national bank circulation. The bill provides that greenbacks shall be receivable for all public and private dues, except where coin is expressly stipulated. The United States treasury at present contains $130,408,666 in specie. The amount of greenbacks now in circulation is $349,110,424. Federal appointments: Charles McCandless, of Pennsylvania, Chief Justice of the Supreme Court of New Mexico; John 8. Wischer, of West Virginia, United States Marshal for Idaho; William J. Pollock, of Illinois, Superintendent of Indian Affairs for Dakota; Adolph Dombrowsky, Receiver of Public Moneys at Shasta, Cal. The President has made the following appointments : Bayard Taylor, Envoy Extraordinary ar.d Minister Plenipotentiary to Germany; Jehu Baker, of Illinois, Minister Resident at Venezuela; William C. Goodloe, of Kentucky, Minister Resident to Belgium; Benjamin F. Simpson, of Kansas, United States Marshal for Kansas; William A. Howard, of Michigan, Governor of Dakota Territory. The Senate Committee on Territories has decided to report favorably upon the bill for the creation of the Territory of Lincoln, to be formed out of portions of the Territories of Dakota and Wyoming, so as to include all the Black Hills country.

MISCELLANEOUS GLEANINGS.

Died : At Philadelphia, William Welsh, the well-known philanthropist and ex-Indian Commissiotier, aged 71; at Hartford, Ct., Hon. Gideon Welles, ex-Secretary of the Navy under Mr. Lincoln, aged 79; at New Orleans, Hon. Charles M. Conrad, ex-Secretary of War under President Fillmore, aged 73. Capt. Merriman, of the revenue marine service, having been ordered by the Secretary of the Treasury to investigate the wreck of the Metropolis, reports that the fragments of the wreck are unusually small, and her rottenness is so apparent that there was but one opinion as to her unseaworthiness. A family of six persons, composed of Daniel Reardon, his wife and four children, were burned up in their house at Wickham, Can,, a few nights ago. John Traoy, formerly President of the

Chicago, Rock Island and Pacific railroad, is dead.

POLITICAL POINT B.

The following is the dispatch recently sent to Anderson, at New Orleans, by Secretary Sherman and others of the so-called visiting statesmen: Gen. Thomas C. Anderson, New Oiteans: The undersigned feel it due to*you, under; prseent circumstances to assure you of our unhesitating belief that in the matter wherein you stand charged you are altogether guiltlees of any offense against the law; that yon are falsely accused and maliciously persecuted; that the proceeding against you, though in the form of law, is without the substance of justice; that we hereby tender our earnest sympathies, and express our hope that the sense of juSlice and the love of peace of the people of-Louisi-ana will protect you, and not permit the best interests of the whole country to be disturbed by a revival of sectional anirUOrity. In any event, we are confident that the American people will redress any injustice of which you may be made the victim. John Shebman.

STANLEY MATTHEWS, J. A. GARFIELD, EUGENE HALE, HARRY WHITE.

The New York Sun's 'Washington correspondent is the author of a story to the effect that the day Thomas C. Anderson was convicted in New Orleans Senator Kellogg had to pay a note of $20,000. indorsed by ex-Congressman Charles B. Farwell, of Chicago, for money borrowed from the Union National Bank, of that city, to- pay the expenses of the Republicans who went to Louisiana to see a fair count. Mr. Farwell has been interviewed, and says there is no truth in the story, and that the gentlemen who went down from Illinois to witness the count paid their own expenses. Senator Kellogg is also reported to have denied the Sun correspondent’s story. The Washington correspondent of the Chicago Inter-Ocean, referring to this matter, says Kellogg has told the story to at least twenty persons, whose names can be given, and on one occasion made tho statement in a Senate cloak-room in the presence of at least half a dozen witnesses. The President has addressed a letter to Attorney General Devens in relation to the conviction of Anderson, in which he expresses the opinion that the prosecution is solely political; that it is not countenanced by the best men in Louisiana, and, therefore, is contrary to their calm judgment; that the proceedings were in the interest of those who strive to antagonize the two parties in that State, rather than to harmonize them ; that, so far from receiving the approbation of tho country, the act will be condemned by right-thinking and patriotic men everywhere, when they become acquainted with the circumstances attending the prosecution. As grave constitutional questions maybe involved, in which the General Government may perhaps have a right to interfere, the President submits the subject to the Attorney General for his consideration. lhe meeting of tho National Democratic Committee in Washington has been postponed to the 22d of May. It is announced from Washington that the President will not remove Anderson from his office of Deputy Collector at New Orleans. He regards the prosecution of Anderson as political persecution, and proposes to show his'belief in his innocence by continuing him as a Federal officer, notwithstanding Ins incarceration in jail prevents him from attending to the dupes of the office.

FORTY-FOURTH CONGRESS.

Monday, Feb. 11.—Senate.—A number of petitions, from all parts of the country, in favor of a sixteenth amendment to the ’constitution, prohibiting States from disfranchising persons on account of sex, were presented and reierred.... Mr. Conkling presented a memorial of the New York Chamber of Commerce against the remonetization of silver.... Mr. Matthews presented a petition of Ohio bankers m favor of the repeal of the tax on bank deposits; also, a petition of 570 business men of Cincinnati in favor of the passage of the Bland Silver bill. A large number of other petitions of the same character from citizens of various counties in New York State were presented by Messrs. Kernan and Voorhees. ...Bills were introduced and referred : By Mr. Voorhees, to authorize the Secretary of War to issue ordnance stores and equipage for the use of students in colleges and other institutions of learning where military instruction is given; by Mr. Ferry, to provide for a water route to facilitate transportation between Lake Michigan and Lake Erie... .Messrs. Davis, of West Virginia, Saulsbury, of Delaware, and Coke, of Texas, addressed the Senate in support of the Bland Silver bill. Mr. Coke also advocated at some length the repeal of the Specie-Resumption act, and argued that the Government wasin no condition now to resume specie payment. It was utterly impracticable on any basis, and especially on gold basis alone.

House. —Mr. Leonard presented the concurrent resolution of the Louisiana Assembly, expressing its satisfaction with the policy of President Hayes .... The following bills were introduced: By Mr. Mackey, prohibiting the Secretary of the Treasury from purchasing any bonds for the reduction of the principal cf the national debt until strict compliance with the provision? of the law shall require it; by Mr. Joyce, declaring forfeited all grants of public lands to railroads or other corporations when conditions of grants have been violated, and appropriating said lands to the use of actual settlers; by Mr. Jones, of Ohio, making customs duties to the amount of one-quarter part thereof payable in legal-tender notes; by Mr Gause, to distribute to the several States the proceeds of captured and abandoned property remaining in the treasury; bv Mr. Mills a resolution making inquiry into the action of the treasury officials in regard to seized cotton ; by Mr Stevens, for the relief of Gen. Count C. Pulaski (it provides that there be paid to his heir, legal representative and descendant the sum of $100,1X10) • by Mr. Phillips, to provide for the survey of and estimates for a ship canal with stone sides and bottom from deep tide-water near the mouth of the Mississippi river to St. Louis, Mo., with branches to Pittsburgh, Chicago, St. Paul and Omaha . The House then went into committee of the whoie (Mr. Blackburn in the chair) upon the Military Academy Appropriation bill, the pending amendment being to strike out the sections which allow additional pay to First Lieutenants acting as instructors at the institution. After debate, the amendment was defeated. There was a spirited debate on the prdposition to reduce the pay of cadets from $540 to S3OO. and it was finally rejected.

Tuesday, Feb. 12.—Senate.—Mr. Christiancy in presenting petitions from citizens of Michigan favoring a sixteenth constitutional amendment conferring the right of suffrage upon women, said that he hoped that the Committee on Privileges and Elections would take up the subject and report upon it When he should become satisfied that a majority of the women of the country were in favor of female suffrage, he would vote for if but until then he would not. He did not think these petitions should be presedted to Congress. The Legislatures of States were the proper bodies to present them t 0... .Mr. Morrill from the Committee on Finance, reported favorably on the House joint resolution declaring that the reduction of the tax on distilled spirits is inexpedient. Ho also reported a substitute for the Senate bill to provide for a commission on the subject of the alcohol liquor traffic.... Mr. Burnside from the Committee on Military Affairs, reported, with amendments, the Senate bill to remove all restrictions now existing in regard to the enlistment of co.ored citizens in any arm of the United States army. Messrs. Maxey and Cockrell, of the committee, announced that they did not agree with the majority of the committee in reporiinTthis bill Ohio’h! 1 ? 1 " 1 presented petitions of citizens of Ohio m favor of the remonetization of silver and the repeal of the Resumption law. ...A few bills of minor importance were introduced, and a bill was passed making the 22d of February a legal holiday n the District of Columbia, after tion was resumed of the Silver bill. Speeches were made by Mr. McDonald, of Indiana and Mr. McPherson, of New Jersey—the former in favor of and the latter in opposition to the measure. House.— The House went through the ceremony of formally receiving Carpenter’s painting of President Lincoln signing the emancipation proclamation, after which the Military bill was discussed. The most notable feature of the presentation ceremonies was an eloquent euiogium upon Mr. Lincoln by Alexander H. Stephens, ex-Vice President of the Confederacy, in which he confessed that slavery was a weakness, and avowed his constant conscientious belief in the Union cause. He spoke of Mr. Lincoln as his friend, and eulogized his personal and political virtues with great warmth and energy. Wednesday, Feb. 13.—Senate.-The Senate renewed the discussion of the Bland Silver bill. Speeches were made bj Measra. Merrimon and

Saunders in favor of the bill, and by Mr. Sargent in opposition. Beuan.— The House woke up from the usual dull routine that has lately characterized its proceedings, and indulged in one of those bitter personal controversies that were so common in years gone by, Hewitt, of New York, end Aiken, of Sonth Carolina, were the central figures in the affair, 'lhe former arose to a personal explanation, and defended himself against the charge of slandering the South, made by Mr. House, of Tsnnessee, on Monday. If there was anything in the language which he had used which eould be construed into any slandering of the Representatives of the Southern States, he would take it back, but he insisted that his motives were to defend the representatives of the South from the slander which had been uttered against their good name by the gentleman from South Carolina (Aiken), when he declared that West Point was an incubus on the country. House replied to Hewitt. He said he was a man of - honor, and always proud to apologize when he had been guilty of a mistake. He was sorry for whathe had said, for he ha<£supposed thattaewitfl had reflected upon the South. Aiken then took the floor and accused Hewitt of garbling kis speech. Me (Aiken) was not in favor of selfing out West Point. He pointed to its long-time illustrious graduates, beginning with Jeff Davis, Robert E. Lee, Stonewall Jackson, and other noted Generals, and then passed to the Union side. He had fought them and found them foemen worthy of his steel, but he had never met Hewitt there. Then, in his most excited

manner, he said : “ West Point never produced an Esau or a Benedict Arnold—mark my words—never produced a man who had lhe Presidency in his grasp, and,” shrieking in a whirlwind of passion, “ sold it, sold it; do you hear ?” Hewitt, trembling with agitation, retorted : “ The gentleman insinuates that somebody sold out the Presidency. No Northern man sold out the Presidency—the proposition to sell the Presidency was made to me, and I contemptuously refused it.” [Excitement and shouts of ** Name,” “ Name.”] Mr. Ellsworth—l want to know who it was that proposed to the gentleman to sell out the Presidency. Mr. Hewitt—ls the House desires to have that portion of unwritten history told, I will tell it. [Cries of “ Let us have it all,” and great excitement.] Mr. Hewitt, after order had been somewhat restored, proceeded to recount the facts connected with a proposition made him by Col. Pickett (as coming from J. H. Maddox, Special Agent of the Treasury Department) to pay J. Madison Wells, Chairman of the Returning Board of Louisiana, for giving the count of the State to Mr. Tilden, all of which was testified to by Mr. Hewitt before the committee of the House at the last session. “And now,” said he, “in conclusion, I ask the gentleman from South Carolina (Aiken) to tell me by what right he turns on me and accuses me of selling the Presidency ?”

Aiken renewed hie thrusts at Hewitt, charging that he had boasted that he would rather sell the Presidency than spill one drop of blood in defense of the Democratic party. Hewitt denied that he had ever said this, and charged South Carolina with being false and unchivalrous. Above the din, in a clear, loud, piercing voice, Patterson, of New York, the oldest man in the House, nearly 80, said, “ How pleasant it is to see brothers dwell in unity.” Luttrell broke in to intimate to Hewitt and Aiken that it was but eight miles to Bladensburg, the noted dueling-ground, and tho House might proceed to its business. Hewitt, maddened by Aiken’s second charge, proceeded to explain why the filibusters did not succeed. He stated that he had seen Charles Foster, and told him that there would be trouble unless the South could be satisfied that Hayes was honest in his policy of local selfgovernment; . that soon after Foster made the speech in which he declared that the flag should thenceforth wava over States, not over provinces, and that from that hour he (Hewitt) had learned that the South was satisfied. Stating this, Hewitt str.ngly intimated the belief that the Southern Democrats had made a bargain with the friends of Hayes that the troops should be Withdrawn. Hewitt had ended his speech only by giving a challenge to the Louisiana Conservatives and to the Republican attendants at the Wormley conference. The attempt was made to limit this discussion, but the Republicans, led by Ben Butler, shouted, “ This is the best thing that could happen,” and the hot talk of Finley, of Onio, the author of the only resolution to investigate the Presidential count that has been presented, characterized Wells as “ a hoary-headed old rascal,” and arraigned Secretary Sherman and the visiting statesmen for their telegram of condolence to Anderson, “a convicted felon.” This, in turn, brought Gar-

field, Hale, and Elbs to their feet Each in turn told the story of the Wormley conference. FosI ter indignantly denied that there •was a I bargain, and vehemently asserted that he had neither given nor received any promises from anyI body anywhere. Garfield defended the thirty or forty anti-filibusters among the Southern men, and said that if any mortal man anywhere charged these Southern gentlemen with bargains that man lied. He defenaeu in » .imtiar way the Northern Republicans, and declared that the troops w’ere withdrawn as a matter of constitutional dutv, and not of policy; but he did not forget to rebuke the people of Louisiana for the manner in which they arc treating the Returning Board. He charged that the trial was a malicious persecution. E. John Ellis, for the South, denied that there was a bargain, and charged that -whoever said that Louisiana betrayed the rights of Mr, Tilden “ lies in his heart and m his own false throat.” These words were intended for Mr. Hewitt, but were subsequently withdrawn by Mr. Ellis upon the plea that he misunderstood Mr. Hewitt. The story of the Wormley conference, as it was so often told, was repeated by Mr. Ellis, and it agreed in every particular with the accounts of Messrs. Foster, John Young Brown and others This ended the most exciting day of the session, and the first significant allusions to the subject of the Presidential count.

Thursday, Feb. 14.—Senate.—The House resolution declaring it inexpedient to reduce the present tax on whisky was concurred in—yeas, 40; nays, 9.... Senator Jones, of Nevada, made a two hours’ speech in support of the Silver bill, most of I his speech being devoted to an argument showing that silver has not depreciated in value since its de- | monetization, and against the assertions that the dollar proposed by the bill is dishonoring the medium of payment and a depreciated coin. Mr. Wadleigh spoke against the bill, and in the course of his remarks said there had been statements of distress and suffering, but to his mind all this cry of weeping and wailing was to divert the attention of the people while they were being robbed for the benefit of the bloated German empire and Nevada silver kings. House.— A communication was received from the Secretary of the Treasury notifying Congress that, compared with the last fiscal year, and according to the present rate of increase, there would be a deficit the present fiscal year of $1 - 969,219. The Secretary recommended increased taxation or reduced expenditures. After considerable wrangling the communication was referred to the Ways and Means Committee.. The West Point Military Academy bill was passed.... Mr. Gibson, of Louisiana, rising to a question of privilege, said he repudiated the intimation or suspicion of any representative of Louisiana having been engaged in any bargain in regard to the Presidency which reflected on the honor of that State. He defended the Returning Board prosecutions, and said the proceedings were in accordance with the laws of Louisiana. Mr. Hale— Does the gentleman sustain the prosecutions that have been and are now going on against the Returning Board ? Mr. Gibson—ls the men have been guilty of any violation of the laws of that State, the authorities are perfectly right in prosecuting them. Mr. Hale—Then the gentleman does not discourage it. Mr. Gibson—Does the gentleman mean to say he thinks it is not right to prosecute them 1 Mr. Hale—Does the gentleman ask what I think ? I think the whole proceeding is the greatest outrage which has ever occurred in American history, because I believe it to be political persecution under the guise of the process of law. Mr. Gibson - Ido not yield to the gentleman to denounce the people of the State of Louisiana. Since I have been on this floor, the gentleman from Maine has omitted no occasion to denounce the people of Louisiana. I have treated his former denunciations as I treat this, with the contempt which thev merit. J

Friday, Feb. 15.—Senate.—Consideration of the Silver bill was resumed, and Mr. Ingalls spoke In favor of the measure. He decldked that gold was the worst enemy the people had to contend against, and expressed the hope that if a single standard must prevail it would be a silver one. In concluding he referred to the people of the West and their labors, and said when he reflected upon the burdens they bore.he was astonished at their moderation. After Mr. Ingalls’ speech, and an explanation by Mr. Lamar of the reasons that impelled him to vote against the bill, notwithstanding the instructions of his State Legislature, ihe Senate began voting on the various amendments. The motion to strike out the free coinage feature was the first in order. This was adopted by a vote of 49 yeas to 22 nays. Mr. Edmunds then submitted the following amendment: “ But nothing in this section contained shall be construed’to interfere with the coinage of gold and subsidiary silver coins as now authorized by law.” After a lengthy discussion this was rejected—yeas, 23; nays, 46. The question then recurred on the second rection of the bill reported by the Committee on Finance, providing for an international commission to adopt a common ratio of legal tender as between gold and silver. After considerable debate, Mr. Allison modified the amendment by striking out the words “of legal tender,” so that the conference should be to adopt a common ratio between gold and silver without reference to legal tender. The amendment as modified was agreed to—yeas, 40; nays, 30. Mr. McDonald submitted an amendment to the clause making the silver dollar a legal tender for all debts and dues, pubHc and private, except where otherwise provided by contract, eo as to read, instead of provided by, expressly stipulated in, the contract. Agreed to—yeas, 37; nays, 35. Mr. Booth offered the following amendment: “ That any holder of coin authorized by this act may deposit the same with the Treasurer or any Assistant Treasurer of the United States, in sums not less than $lO, and receive therefor certificates es not less than $lO each, corresponding with denominations of United States notes. The coin deposited for or representing certificates shall be retained in the treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes and all public dues, and when so received may.be reissued.” Adopted—49 to 14. After a session lasting nearly all nigh* the f is't S 2l’ er biU ’ 80 amended ’ waß P aßs ed by a vote House.—The-House spent the entire day in debating a claim to pay certain Southern mail contractors a claim amounting to $375,000, No action w*« taken m» the bil| {

SILVER REMONETIZATION.

Synopsis of Senator Jongs’ Great Speech— The Tactics Adopted by Eastern Capitalists Fearlessly Exposed, The speech of Hon. John P. Jones, of Nevada, in favor of the restoration oi the silver dollar, delivered recently in the United States Senate, is pronounced the ablest that has been made upon that subject, and he has been the recipient of congratulations from both the friends and opponents of the measure upon the exceedingly terse, direct and lucid presentation of his facts and figures. There was not much rhetoric in the speech, and it was delivered at the rate of 200 words a minute, but he meant what he said; and his meaning was unmistakable. The facts were new, many of theta, and that was a remarkable thing after so many speeches on the subject. The figures were fresh, and the illustrations and similes were original and striking. We present below an abstract of the speech:

Mr. Jones spoke at great length, most of bis speech being devoted to an argument showing that silver has depreciated in value since its demonetization, and against the assertions that the dollar proposed by the bill is a dishonoring medium of payment and a depreciated coin. He said that silver since 1873, although discrowned and shorn of its monetary function, denied mintage throughout the western world, and degraded to the rank of a commodity, instead of having become less valuable, has nevertheless increased in its command over services and all kinds of property; that both gold and silver have gained in purchasing power, and that silver only seems to have fallen in value because it has not risen

to so great an extent as gold. In the face of these potent and accumulative facts, it is still claimed that silver has depreciated to such a degree that it would be dishonest to pay debts in it, even if it would legally discharge them. An eminent jurist once said of a certain legal proposition that he could not conceive of a human mind so constituted as to entertain it lam equally incompetent to conceive of a human mind so constituted as not to see that silver has appreciated rather than fallen in value, and that gold has been so enormously enhanced in value that to gratuitously require debts to be paid in it is either the most gigantic folly or the most gigantic fraud of all the ages. Mr. Jones denounced as false the charges that he has individual interests to be subserved by remonetizing silver, and in conclusion said : “Leaving personal and local matters aside, 1 will conclude with a brief reference to the frantic appeals that come to us from certain quarters to rally to the rescue of the ancient honor of the republic, which, it is declared, is now held aloft by less than a dozen States in the Union. It is said that this nation will lose the high position which it has maintained for a hundred years in th© family of nations if the pending bill shall pass. It is said that even the discussion of a measure to

restore to the country power to perform its contracts on the terms in which they are written has, to no inconsiderable extent, disparaged us in the eyes of the world. Whence come the really dangerous assaults upon the good name of the nation ? Is it not from certain members of Cougress„who denounce this as a ‘pickpocket bill,’ and as a scheme to issue clipped coins, forgetting that the clippings were stolen from the pockets of the people, and are now found in the pockets of their creditors? And is it not from the leading Metropolitan and Eastern press, which denounces the supporters of the bill as swindlers and repudiators, and declares itself to have the honor of this nation in its special charge ? By what title does any faction set itself up as being, par excelence, the guardian of the honor of the country ? Sir, the honor can repose nowhere so securely as in the keeping anl hearts of the people. There is its shrine, and there alone can it find protection. In what manner and by what methods has the New York and Eastern press sustained the honor of the nation of which it proclaims itself the special guardian ? Only by libels upon the character and personal motives of every public man who cannot see the justice of robbing the Government and the people by enhancing the value of the money in which their debts are to be paid; by open and shameless appeals to the President to make a corrupt use of his patronage to influence votes in Congress against the Silver bill, and by a pretension as false as it is humiliating that Congres dares not resist the decrees of organized capital.”

He then quoted from the New York Tribune of Jan. 7, as follows : “ The President knows that men can be held true to Republican pledges as to finance if they know that their truth will mean favor as t) appointments.” Three days later the same paper said : “ The capital of the country is organized at last, and we shall see whether Congress will dare to fly in its face.” These newspapers claim to be read largely in Europe. What impression of our people and our public affairs and public men is likely to prevail in Europe which sees those American newspapers in which the majority in Congress is daily denounced as made up of silver swindlers, repudia* tors or heretics? and in which it is daily represented that Congress can be corrupted by the President’s patronage and intimidated by the threats of organized capital ? What better than a roaring farce is it for the editors engaged in this work of defamation to style themselves the peculiar champions of the honor of the nation? The attempt to persuade the President to use his patronage as a corrupting agency seeming to have failed, and Congress, by votes at various times and in decisive niunbers, having exhibited a determination Io ‘fly in the face of the organized capital of the country,’the latest movement has been to defame those who could neither be purchased nor intimidated. No longer invoking the President to buy Senators, these gold organs charge that Senators have sought to sell their votes, and we are treated to lengthy homilies on the decaying morality of this body. The same men who day after day have declared that it was the most urgent duty of the chief magistrate to trade patronage for votes in favor of what is called honest money now shed tears over a story of their own invention, that members of this body have been waiting, watching, hoping, and asking to be bribed. The New York Times of the 12th inst editorially says: ‘ The United States Senate has sunk so far below the standard with which it was formerly associated that the proposition which we yesterday gave as ip circulation at Washington ex-

cites little or no surprise. There are Senators who have so little intelligence and principle that they do not know their own minds in regard to the silver question, or so little conscience that they are ready to vote for or against the pending bill. They imagine that it is popular. Provided they receive a quid pro quo, however, they are willing to run the risk, of .unpopularity. They are rfcady, in short, to sell their votes to the President and aid in defeating the bill if he will Only pay their price. It is hinted that, by adopting the bribery plan, the President may not only defeat the Bland bill but may also establish amicable relations between his administration and the Senators who are at present inimical. ’ The explanation does but add to the disgrace of those who offer it. It was Joab who said to Amasa ‘Art thou in health, my brother?’and ‘so he smote him in the fifth rib.’ The journals from which I have quoted seem to have been equally solicitous concerning the national honor, and, while tenderly inquiring as to his health, deal deadly stabs like these. In this country the national honor had never been tarnished by

those who pioposed to restore the. ancient money in whicn every national bond is promised to be paid. If it is in danger of being tarnished it is from the charges of the opposing faction that a majority of the citizens of a majority of the States of this Union are innately dishonest. Let the press of this country not forget that while power usually begets intolerance, it always begets resistance. It is boastfully declared that capital is now ‘ organized at last, and we shall see whether Congress will dare to fly in its face. ’ How long is it since the slaveholders of this country, intoxicated by long possession of absolute sway, declared that cotton was king, and that grass should grow in the streets of the Northern cities if its regal prerogatives were interfered with. The Southern men who hear me know that it was arrogance together with irresponsible Dower, the dominating spirit engendered jy slavery, which provoked and precipitated the revolution which destroyed it.

Are the same people who carried that revolution through fire and blood on the bayonets of 3,000,000 men likely to be patient under the taunt that their chosen representatives sitting here under the dome of this Capitol dare not fly in the face of the organized money-lenders and bondholders of the country ? Thank God and the Declaration of Independence and the patient heroism that made it a vitalizing force and the constitution that crystallized it into law, the people of this country are furnished with a better method of righting wrongs and asserting rights than a resort to arms, and, with no less resolution and enthusiasm than wars against oppression inspire, they will in peaceful methods and under the forms of law trample under foot any power that seeks, through corruption or intimidation, to intrench itself in the citadel of their liberties. They will see to it that this remains a popular government in fact as well as in name, and, in spite of the craft and cunning wiles of the wicked, that their representatives in this Capitol register through constitutional laws their imperial will.”

PAST AND PRESENT;

The Edinburg Review of 1830 Describes Our Ills, the Cause and the Cure—A Complete Parallel in History. (.From the National Republican.] From 1797 to 1823 England used an exclusive paper currency. The mighty struggle with Napoleon carried all her coin to the continent. Convertibility of paper bank-notes became impossible, and in 1797 the Bank of England was forbidden to pay coin for its bills. The circulation thus relieved of the arbitrary limits imposed by convertibility expanded to meet the demands of the nation. It enabled England to sustain her decimated and despairing allies and to destroy the armies of Napoleon. It gave to her the most wonderful development and a glory and prosperity unexampled in her history. Like our own greenback, it proved her savior in war and her benefactor in peace. But, when the armies of Napoleon no longer threatened their possessions, an army of bullionists, bondholders, annuitants and “wreckers” at once down to prey upon the substance of the people. They demanded that specie payments should be resumed, and all the debts incurred under the paper standard should be doubled by being made payable in coin. Against the protest of all the practical business men of that time, these conspirators, aided by the doctrinaires, passed the Resumption act of 1819, to take effect in 1823. As with us they gave four years’ notice, humanely cutting off the nation’s right arm “an inch at a time.” The same process was used as by our McCullochs and Shermans. The currency was contracted in volume, so as to make it scarce and dear, and thus enable the fundholder and mortgagee to obtain a vastly greater amount of the products of labor for its use. As a resumption of specie payments it was a miserable fraud and" a disgraceful failure.

As a means of bringing measureless ruin upon a prosperous and happy people it was a magnificent success, equaled only by the wretched cheat of “ resumption by destruction” which is being crowded down the throats of Americans today by the modern “pirates of ’change. ” The Edinburgh Review of 1830 contains a picture drawn nearly fifty years ago, in whose lineaments we can see the counterpart of our own country to-day. That conservative and authoritative journal has painted, with the utmost minnte.nessof detail, a faithful portraiture of the United States in this crisis. Let every thoughtful citizen read, think, and resolve. The article from which we quote is upon “The Cause of the National Distress,” and is written seven years after the so-called Resumption act took effect. It first ably disposes of the flippant and shallow excuses of a returning peace and overproduction, as thecause of the widespread suffering. It points out clearly the true cause in the appreciation of the value of money, and its increased power over production and trade. It says: Peace may perhaps account fora lowering of the rate of profit, but it affords no explanation for a fall in prices exceeding the reduction in cost The sinking credit of all engaged in production or trade, and the general despondency attest that prices have been constantly impelled below cost- The steadiest industry can no longer insure success. The best-founded expectations end in disappointment The wisest schemes lead only tomin. It is not one branch of industry only that feels the pressure of the times—all are equally borne down by the oppression. A rise in the value of money is, in a national point of view, an unmitigated evil. It is by no means the direct consequences of such a rise that constitutes its greatest evil. The addition which the rise causes ip the

pressure of every debt, every tax—in short, every fixed money claim—cannot be avoided. Were the use generally understood beforehand it would not cause half of the distress which it does now, owing to its silent and unsuspected progress. There is a popular disposition to regard the measure as invariable. Thence the universal perseverance of accountin? for the fall of prices by any cause other than this ; thence the indulgence of hopes and reliance on calculations founded on past experience exciting to activity, when the knowledge of the real cause would dictate a strictly passive attitude to all engaged in business. If we consider that capital to an immense amount has been destroyed, suffering, moral and physical, to a narrowing extent, inflicted, we shall see the urgent necessity of promulgating accurate knowledge on this subject, which is the main cause of the present distress. In the procession of sufferers precedence is given on every ground to those who derive their income from the soil. In the direct ratio to the rise in value of money the pressure of rent and taxes on land increases, while at the same time the fall in the elementary cost of production is much slower than in that of prices in market The year’s product fails to meet the outgoes, and the farmer makes up the deficiency from his capital. The next year it is no better; still he feels confident that better times will soon come, because he cannot see the invisible hand which relentlessly perseveres in depriving him of his toil. But the years roll on and bring no relief, until his capital is exhausted and ruin ensues. As long as money rises in value the destruction of capital invested in farming goes steadily on.

The manufacturer comes next. Calculating on the stability of money, he erects works, buys material, and puts his goods upon the market. But he finds, to his dismay, that prices have fallen below the cost of production. Unconscious of the true cause of his failure, he ascribes it to transitory conditions, soon to pass away. He returns to his work, hoping for better success next year ; but again and again is the result the same. Disheartened by the badness of the times, the prudent man limits his operations, the adventurous redoubles his ex ertions only to sink at length into bankruptcy. By this process one-half the capital invested in machinery has been lost during the last fifteen years. The laborers share in the misery, and, while the same cause continues to operate, the numbers that are thrown out of employment continue to increase. Oppressed alike by idleness and want, they are seen lounging about the places of their former activity, suggesting the image of the suffering groups that stretch around the pool of Bethesda in listless expectation for the delivering angel to touch the stagnant waters. The merchant also finds all his calculations end in disappointment. The general distress diminishes consumptive demand and aggravates the fatal tendency of the appreciating currency to depress values. If he thinks “ this unnatural state of things cannot continue,” and thus fortifies himself against doubts, ruin overtakes him. If he limits his operations to the preservation of what he has already acquired it is a paralysis of trade. Sooner or later the suffering reaches all classes, coming at last to the bankers and dealers in money. With rueful countenance they bring up the rear in this general muster of pursuits. Alarmed by oftrecurring disasters, the capitalist recalls his loans from trade “as from a burning city devoted to destruction.”

Deprived of his best customers—the productive classes—he waits in vain for an effective demand in the money market, and, though he reduces the interest again and again, a large portion of it will still remain unemployed, and thus his income is reduced. In the midst of the general distress the fundholder and the annuitant, the man and pensioner, and the mortgagee are the only real gaihers. The purchasing power of their income has vastly increased, and thus the weight of their claims on the productive class has been made proportionately heavier. In fact, the whole sum of additional enjoyment gained by the former has been lost by the latter, and so long as the same cause operates the spoliation will continue. Such are some of the effects of a rise in the price of money. In proportion as they are unsuspected or defied they are destructive. In proportion as a community is wealthy and productive they will be severely and acutely felt. Is the momentum of the ball exhausted, or is it still in operation? If the latter, when will it terminate? and, lastly, what remedies does the cause admit of? We can get no more metals, but we may diminish the demand for them by the substitution of paper money—“ by a rehabilitation of the condemned paper circulation.” A reformer of the English banking system is all that is needed for Eng'and.