The New York Herald Newspaper, November 14, 1877, Page 10

WASHINGTON Determined Attitude of the Infla- : tionists in the House. MR. EWING’S BILL LIKELY TO PASS Reconstruction of the Silver Bill in the E Senate Committee. \ ‘waE DEFICIENCY APPROPRIATION. Senator Chaffee’s Onslaught on the Union Pacific Road. ILLEGAL ACTS OF THE COKPOKATIO ——-—_— FROM OUR SPECIAL CORRESPONDENT. Wasuinaton, Nov. 13, 1877. THE DEBATE ON THE ANTI-RESUMPTION BILL— POLICY OF THE DEMOCRATS. The debate on the Anti-resumption Dill has still three full days to run, accoriding to the agreement It is now generally believed that the bill will pass the House; that the mujority have determined to vote down all ameudments and that the bill will go to the Senate as it stands, The policy of the democratic eaders, if they have any, appears to be to lot the inflationists completo their rush in the House, as they are sure to be stopped im the Senate. The democrats do not yet seem to bo aware that they control the House of Representatives, and that they can control the Senate for al! wholesome ond honest legislation and against jobs, and tbat, therefore, they will be held responsible by tho country for what passes in thisCongross, Just at pres- seut there are more captains than bigh privates on the democratic side of the House. There is no disci- pline nor any leadership. This condition of things is attracting the attention of tne leading men, and be- gins to alarm them, as it opght. H——- FROM OUR REGULAR CORRESPONDENT. 2 Wasurnatox, Nov. 13, 1877. 4 RESOLUTION FOR A FINAL ADJOURNMENT OF THE SESSION—THE BUSINESS BEFORE CON- GRESS. The Ways and Means Committee to-day considered the different resolutions referred to that committee in regard to the adjournment of the extra session, and it unanimously agreed to report to the House a concurrent resolution fixing Thursday, the 22d inst., at six P. M., as the time for the adjournment sine die, Thero remains now but a little business to be re- ported by tho House Appropriation Committee, all of which can be disposed o! in two hours’ debate. The Senate Committee on Appropriations has received tho Army bill as it passed the House, and to-night a sub- committee, consisting of the chairman, Mr. Windom, aod Senators Dorsey and Davis, of West Vir- ginia, had the bill . under consideration. The Tepublican members of the committee favor @ restoration of the old'number for the strength of the army. The House, it will be remembered, limited it to 20,000 men and the Senate will provably amond, Making it 25,000. Should the Senate open debate upon the amendment it will hardly concur in the House resolution to adjourn onthe 22d inst. The regular session meets on the 3d of December. THE FINANCE COMMIITEL O¥ THE SENATE ON THE SILVER BILL. The Finance Committec of the Senate to-day agreed to strike out the clause of the Silver bill allowing free coinage of silver. It isthe intention of the adavo- cates of the silver measure to attempt to repeal that part of the Specie Resumption act which allows free coimage of gold. THE MEXICAN AWARDS BEFORE THE HOUSE COMMITTEE ON FOREIGN ATFAIns, A spicy argument took place to-day in the House Commitiee on Foreign Afluirs on the Mexican awards, J which subject bids fair to make a breeze in the House when the committee makes its report. The subject tame up in committee upon the letter of Secretary Evarts published ia to-day’s Hrrap, ‘The attorney employed by the Mexican government protested against the payment of the La Abra and the Weil awards, on the ground of fraud, Mr. Wilson, of West Virginia, a member of the committee, resisted the protest in a sharp speech of nearly an hour, in which he beld that the cinef value of an award in an arbitration consisted in its finality, and that Congress couid take no cognizance of the Opposition to the payment of the awards unless spo- cific allegations of {rand and conspiracy were pre- ferred agaiust Sir Edward Thornton, the arbitrator. In that case he thought that courtesy between the two countries and the arbitrator would require suspension of payment, Mr. Wilson has been giving special at- tention to the question and was appointed chairman of a sub-commitice to examine and report upon It GENERAL WASHINGTON DESPATCHES, WastixGtox, Nov. 13, 1877, A COMMITTEE OF THE REPUBLICAN SiNATORIAL CAUCUS WITH THK PRESIDENT A committee of the caucus of ropublican Senators, headed by Mr. Edmunds, of Vermont, had a long in- terview with the President this evening, and, it is un- derstood, fully acquainted him with the general tone and sentiment of the criticism expressed coucerning . various features of his policy in the caucus of last Saturday, UHE SILVER BILL DEVORE THE S#NATE Fi- NANCE COMMITTEE—ARGUMENTS OF BANKERS AGAINST THE MEASURE, The Senate Finance Committee this morning agreed to hear a dulegation of New York bankers on thé sub- ject of the House bill tor the remonatization of silver this evening at balf-past seven o’clock, ‘Ihe commitice, however, commenced the formal con- sideration of the bill for action, and adopted on amevdment, striking out the clause which provides for the tree coimage of silver bullion, bat adjourned without arriving at a decision as to what provision should be inserted in the place of the clause thus omitted. ° ‘This action was taken by nearly a unanimous vote, and was understood to be merely preliminary to re- placing the omitted clause of some other provision on the suvject which has yet to be agreed upon by tho commitive or @ majority of its members, Various Iceans of oblaiuing the bullion for coinage aud getting the new silver dollars into circulation and at the same time reserving the profits or seignorage for the benefit of the national Treasury bave been suggested in the committee. One i# to devote $5,000,000 of the currency balance to the purchase of bullion and issue the silver dollars im ox- change for grecnbucks, which, when accumulated to the Amount of $5,000,000, ore to be again used for tie issue of an additional tive miilion stiver dollars, and so on indeflmtely, This, it is said, will be advocated by two members of the com- mittee a6 an amendment to tho bill in case it ix to be reported favorably at all. “Two or three other Members are understood to be in favor of an amend. Ment providing that more than thirty million of Wwe new dollars #ball be coined each year. It can be stated, however, on high authority that the discus. sion fous far has not indicated, with any degree of definitoness or certainty, what flual action will be take by the commitwwe upon this of upon any otuer Individual feature of the bill, The Senate Finance Committee heid a spoctal meet ing, at which the loliowing gentlemen, the banking and otber fuancial interests, were present by appointment tor the purpose of preacnting their views upon the subject of the House bill for the remoneiigation of ailvert—From New York, Messrs. Benjamia G. Arnold, | protect the shipping iter NEW YORK Samuel D. Babcock, A. A. Low, J. M. Fiske, J. Pierrepont Morgan, W. BE. Dodge, Jr.; M. K. Jessup, J. T, Keunedy, J. P, Townsena, F, 0. French, James M. Brown, Jobn W. Ellis, Charles M. Fry and William A. Gaines, ¥rom Phitadolphia:—Frederick Fraley, Drexel, George W. Childs and Charles Platt, Mr. Frederick Fraley, of Philadelphia, argued that it would be inexpedient how to adopt silver for a full legal tender for obligations due by the government and the people of the United States, It would certainly cause a reduction in the value of an already depreci- A Jd ated* currency to pass the bill at the present time. If it .was a question solely of the United States there would be no great barn in adopting the measure before the commit but he said:—‘‘As we have lago dealings with the out- side world should we adopt a depreciated standard our people would have to suffer the re- salts.’ He thought if the paper currency were allowed to circulate .1t would be but a few months betore it would be at pi with gold. Ho further expressed the opinion that the passage of the bill would completely check the negot!- ation of loans to fund the six per cent bonds, aud advised the committee to look at the question as one which connects the United Su government with the outer world, and not to act hastily upon so serious a matter. Mr. Low argued that should the bill be passed no one could predict the amount of injury and loss it would occasion Mr. Babcock believed the bill hud two prominent features, one being the remonetization of silver and the other the demonctization of gold, and that when the bill became a law, if it ever should, gold would go from our country and silver would come in, He further argued that if the bill was passed upon the peopla it would injuro the credit of the government, and it would bo injurious to all kinds of industry. ‘he difficulties at present experi- enced by the laboring clusses of the United States were caused by capitalists witbhoiding their money, and be thought he bad the right to ask the committee to act slowly and cautiously upon the mattor. Mr. Townsend spoke in favor of the savings banks interests, He stated that the Bowery Bauk of New York city held $15,000,000 worth of goverament bond: and if the interest on these bonds is to be paid in sil- ver the value will necessarily depreciate and the poor people will be the losers, Ho said he desired thut the committoe suould fully understand these facts. Mr, Elia made an argument substantially as fol- lows:—The amount of, six per cent bonds outstanding is $720,000,000, und the annual interest 1s $43,740,000, Tne amount of five per cent bonds outstanding 18 $78,000,000, and the annoal interest Is $35,400,000, Total interest, $79,140,000 per annum. It the same amount was funded at four per cent the annual interest would be $57,480,000, or an annual saving of $21,660,000, It the bonds were paid off at the end of thirty yoars the total saving during that pertoa would be $649,800,000. It the game amount of bonds was paid off in stiver at the present rate instead of gold and the mlative value of gold and silver wory continued as at present, say a difference of eight per cent, thesavings would be $114,960,000, or if the annual tuterest was paid for thirty years to come in silver instead of gold the saving in that respect would be about $190, 000,000, showing @ total saving to the government of tho United States, by substituting silver instead of gold, of about $315,000,000, as against about $650,000, 000 which the government would save if tho bonds were funded at four per cont. Mr, Stewart contended that, should this vill be passed, all that bas been gained in the past three years toward stability and a sound currency would be lost, Representative Biand, of Missouri, was present, ‘and, being calied upon by the chairman of the com- mittee, spoke im favor of the bill, alter which the com- mittee adjourned. IMPORTANT BILLS INTRODUCED IN SENATE AND HOUSE, Tho bill introduced to-day by Representative Banks, ot Massachusetts, ‘to extead, facilitate and cheapen land and water transportation of freights and pas- sengors, and to promote industry and labor without further appropriation of public property or in- crease of public debt,” proposes that all moneys due or that may become due from the several Pacific railway companies shall be held and set apart as a special fund to be used exclusively to aid in tbe 1mprovement and construction of such rail- ways, canals and jeve may by Congregs be deemed necessary and proper to eularge, extend, facilitate and cheapen the transportation of treights and p: gers in the several States and Territories of the United States, and that uo other public money be ap- propriated for such purposes, The bill requires that such money, when unemployod, shall be invested in United States bonds, and when afvanced on public works of the character specifiod, shall form a first lien upon them, and that when the money is repaid it shall in like manner be paid back to this permanent im- provement fund. The biN introduced in the Senate to-day by Mr. Sargent, authorizing a general account of advances for the naval appropriation, authorizes the Secrotary of the Navy to issue bis requisitions for advanees to the disbursing officers and agonts of the navy under a general account of advances not to exceed the total appropriation for the navy, the amount so advanced to bo exclusively used to pay current obligations upon proper vouchers, and that the pay of the navy sball hereafter be used only for its legiti- mate purposes, as provided by law, The bill turther provides that the amounts advanced shall be charged to the proper appropriations aud returned to the “General account of advances” by pay and counter warrant. The charge, however, to particular appro- priations sball be limited to the amouat appropriated to each, The bill introduced in the Senate by Mr. McDonalu in relation to uistilling and rectifyieg spirits pro- vides that the Commissiover of Internal Revenue, subject to the approyal of the Secretary of the Treas- ury, May, i special cases and by special permit, authorize the distillation and rectification of spirits to be carried on in buildings heretofore erected, and not less than five bandred feet apart and oo a direct line, if, in bis opinion, uo mterest of the United States | will be effected thereby. The bill introduced by Mr. Eaton to encourage and ts and to revive American commorce provides that, when not forbidden by treay stipulations, a deseriminating duty of ten per cent ad valorem in addition to the duties now imposed by law sual, irom and alter the ist of April, 1578, be levied and collected apon all goods, wares and mer- chandise which shall be imported in ships or veesels not oj the United States, aud that the President of the United States shuli take sach action as may be neces- sary to cancel and termivate auy treaty stipulations now in force preventing the levy and coilection of a discriminating duty as herein provided. Mr. Katon also introduced a bill allowing a registry to foreign burit vessels, Whieb provides thut (rom and after April 1, 1978, the act entitied “An act concerning the rogisiry aud recording of ships aud vessels,” ap. proved Dacembor 31, 1792, aud all acts supplementary thereto, shali be repenied 80 fur as lo admit to register foreign built vessels of wood or iron belonging to eiti- zens of the United States, provided said vesseis wero purchased in good fuith by citizens of the United States, ‘Tho bill tntrodueed by Mr, Eaton authorizing the estublishment of mat) steamship service beiween the United States and foreign countries provides that whenever tt shail be brought to the knowledge ot the Postmaster General that mail commanication hag been blished by steam vessels owned by American citizens between @ port or ports of the United = Sta and any foreign port or country, the Postmaster General shal, | at his discretion, deciare the same to be a marine mat! route audsbali contract for the passage of the mais thereon at & rate not exceeding the rate paid for mail carriage opon the trank linos of railroad of the United States; provided that said vessels shall be of the requisite tonnage and rate; and, further, that the owners tbereo! shall give the requisite bond for the faithful performance of the contracts. The bill jntrodaced im the Senate by Mr. Merrimon to provide for the settlement and payment of arrear- ages due to certain persons for services actually done for the United Statos prior to the tate ectvil war, appropriates $1,000,009, or so much there- of as may necessary for the purpose above named. Tho bill allows “compensation for services actually done in the Southern States prior tothe 14tn of Jae, 1801, tneiuding ail outstanding drafts or warrants issued altor July 1, 1860, and be- fore Juno 30, 1861. The head of the departmout of the government from which sach payment may be properly demanded sbail preserive aud make such rales and regulations for the settlement and payment of the sume. ‘The bill introduced in the Senate by Mr. Paddock to aathorize the appointment of = commission to visit European countries and report on forestry and tree planting authorizes the President to appoint two per- sons to examine and report upon the. condition and mapagement of the cultivated forests in the sev- era: countries of Europe; the cost of grow- ing, cultivating and protecting the sam and also the observed influence, if any, upon the cli- mate and natural water supply of the country; and further, to examine and report upon the best varieties of trees to plant for the production vf forest. The commissioners shall be appointed for two years and. receive a salary of $3,000 per annum, payable in gold,- and sball also bave a secretary at an annual salary of $1,800; both commissioners and secretary to be ullowed all actual travelling and o\her necessary expenses, not to ex- ceed In the aggrogate the sum of $15,000. The com- missioners are to be under the general direction of the Commissioner. of Agriculture and will report to him. lt appropriates $380,000 to carry out the pro- visions of the act, ACTION OF COMMITTEES—THE LOUISIANA CASE, Messrs. Spofford and Kellogg were before the sub- committee of the Senate Committee on Privileges and Elections this morning, and were requested to make short briets of their cases, each to be submitted to the other for special rebuttal, upon which rebuttals special evidence will be taken. The House Committee on Patents to-day bad undor consideration tue subject of the proposed enactment of a statute of limitations in regard to the intring- ment of patents and also the question of the oxtent to which damages should be allowed. No definite conclusions were reached to-day, but the Committee will sbortly perfect and report a bill covering both subjects. The Senate Committee on Patents has been called to meet on Thursday next for the special purpose of hearing arguments for or against the various pronosi- tions hitherto submitted, involving a radical revision ofthe patent laws. A number of leading patent law- yers, inventors and manutacturers of patented arti- cles are expected to be present /rom all partsof the country, bf CAUCUS OF DEMOCRATIO SENATORS, Tho democratic Senators had a cancus to-day with ew toadvising the democratic members of the mmittes on Privileges and Elections as to the best we of procedure and against delay, especially in the case of Eustis, of Lousiava, who had no contestant; and in the case of Butler against Corbett, of South Carolina, concerning which all the facts are before the committee, Wiihout deeisive action the caucus ad- journed until Thursday, ? CONFILMATIJONS BY THE SENATE. The Senate in executive session to-day confirmed the following nominations :— To be United States Consuls—Joseph W. Merriam, at Iquique; Walter H, Garfleld, of Boston, Mass,, at Mar- tinique; Charles Bartlett, of Wilton, Me, at Turks Island, A large number of postmasters wore also con- firmed, THE BUREAU OF STATISTICSB—REPORT OF THE COMMITTEE APPOINTED BY THE SECRETARY OF THE TREASURY—CHARGES AGAINST DR. YOUNG, The commission appointed by the Secretary of tho Treasury, consisting of Mr. C. C. Adams, special agent; Mr. Lyman, of the, Stationery Division, and Mr Warren, of the Bureau of Kducation, tg inquire into the conduct of and business trans- acted by the Bureau of Statistics, submitted their report to the Secretary late this afternoon. It is very voluminous, covering eighty-nime pampbiet pages of printed matter. The commission reviewed the bis- tory of statistics at great length from the earliost data on that subject down to the present time in all coun- tries, and then referred to the principal points of we investigation—namely, their inquiry into the work- ings of the Statistical Bureau of the United States Treasury Department ws admiuistered by Dr. Young. They roter to all the legislation ou the subject, point out the great expenso attending the publication of tho tonnage report proparod by Mr. Nimmo, chief of the Division of Internal Navigation, and advert with significant comment upon the fact that while Dr. Young, a8 chief of the bureau, reports that this volume was prepared under his direction and supervision, yet in his testimony before the commission Db es that Mr. Nimmo pre- pared the report without any supervision on his (Young's) part whatever and independent of bis direc. tion, The commission reter to the special report made by Dr. Young on immigration and to the fact that it was used a8 un uadver- tisemont fer the Pennsylvania Railroad Company and that Dr. Young’s son made money enough by its sale (it Was printed at the government’s expense) to pay the expenses of a trip to Europe. Reterring to the expedition of Dr. Young to St, Petersburg in 1872, ag the agentof the federal governinent in attendance upon tho International Statistical Congress, the com mission find on inquiry that be also went as the accredited commercial agent of a large business interest in tho United States, lor which service he was paid money, while at to same time drawing pay at the rate of $18 per diem from the United states under a three mouths’ leave of absence and receiving the usual outfit and travelling expenses allowed by the State Department to ite agents abroad, The commission accuse Dr, Young of other and serious irregularitics and sbow that his tables of commerce and navigation aro grossly incorrect, They demon- strate that his list of American vossels that havo gone out of existeéhce, or have otherwise ceased to be American vessels ander the operation of Inw, is not to be relied on, and prove, by compurison ot the same with the list prepared by the Register of the Treasury, that there is a discrepancy of over two thousand ves- sels nguinst te report submitted by the Statistical Bureau. The commission make recommendations looking to athorough reorganization by the burcau and a radi- cal change 1n the mauuer of gatuering and publishing statistics of the country. They also recommend the empioyment of two or three additional clerks in the New York Custom House, to assist in the preparation of the reports from that important com- mercial centre. They conclude vy paying a high tribute to the learning, industry, probity and general usefulness of Mr, Kiliott, the cuiet clerk of the bu- reau, aud recommend the creation Jor bim of « hber- ally compensated position near the Secretary of the ‘Treasury, where his ucknowleaged talents would be made of great practical value to the pubile service, PROCEEDINGS OF CUNGRESS, BENATE. Wasnivatox, Nov. 13, 1877. Mr. Cockretn, (dem,.) of Mo, presented various resolutions of the Missourt Legislature favoring tue repeul of the Bankrupt law; requesting that the present law in regard to the eale of leat tobacco be amended; favoring the construction of a Southern transconti- nental railway; urging the removal df the national capital from 18 present Jocation to amore central point, and asking appropriations for the improvement of the Gasconade and Mississipp! rivers, all of which were referred to appropriate commitiees, ‘ Mr. MonGan, (dem,) of Ala, presented a memorial of the Alabima industrial Convention asking an ap- propriation for the improvement of the navigation of the bay of Mobile, and spoke in favor of that improve- ment as a beneflt to commerce, The memorial was referred to the Committee on Commerce, House bill making appropriations for the support of the army for the fiseal yoar ending June 30, 1878, was read by title and relerred to the Committee on Appropriations, Mr. Boorn, (rep.) of Cal,, presented a petition of settiors on lands granted to the Southern Pacific Ratirvad Company, praying for sach legisiation as will protect their rights and interests in said lands, Referred to the Committee on Public Lands. Mr. OGLRswy, (rep.) of Til, presented a petition of baukors, business mon and otuers, of Springiluld, Il., ‘nm favor of the repeal of the Bankrupt law, HKeforred to the Cominittee on the Judiciary. Mr, Papoock, (rep.) of Nev., from the Commit- teo on Public Lands, reported with ainendments the Senate viil tor the relief of settiers on the public lands under the pre-emption iaws, Piaced on the calendar. Mr. Hamiix, (rop.) of Me., trom the Committee on Foreige Relations, reported favorably on the joint resolution authorizing Commander FE. 0, Matthows, United States Navy, to accept a gift from the Emperor of Siam, Placed O@ the calendar, He also reported irom the @ame COmmMiLtes the Senaie resolution au- thorsaing (ho appoutinent Of a commission to ascer- tam upoo What tetris & reerprocity treaty of come merce can be arranged with the Republic of Mexico, + moved that it bo referred to the Committee on Fis reporting. book: whis rebolation Me» Rouge sald reporting tion Mr, Lae the committee was impressed with grave doubts upou this subject, The negotiation of treaties belonged to the executive branch of the government; besides, this resolution looked to the ralsiug of revenue, and such matiers must originate im the House of Representa- tives, A number of bills were intraduced and referred to appropriate commitievs. ir. Boota submitted a resolution requesting the President, if not imcompauble with the public interest, to furnish the Senate with all the in- ic id relative to the late Nez the number of sol- ber of lives lost and the cost of the war; also what disposition hus been made of Chie! Joseph and those who surrendered with him to the forces of the United States. Agreed to. Mr, Buoth, chairman of the Committee on Manufac- tures, at his own request was excused from turther service on that commitiee, MR, CHAFFER’S SPEKCH. The morning hour having expired, Mr, Oxarren (rep,), of Colorado, called up bis resolution requesting the President 0; the Vaited States to inform the Si ate what legal impediments, if any, exist which pr vent him from executing the laws of Congress con. cernjng tbe operation of the Union Pacific Railroa: and ite branches. He said he asked attention to t subject thus eurly in the session because the long- continued failure and ‘refusal of some of the companies to operate their roads accord- ing to the acts of * incorporation wrought almost Incuteulubie damage and people aud the government, Ingbis judgment the hardship it inflicted was groater than would be en- tailed by the entire loss of all the bonds loaned to the several compauies. The Jaw required that the muin con- ute hould grow rich at the ex. pense of the brauches—not that one part of the road should be used to the injury of another part; but that the main line and branches should be the common recipients of an untrammoelled and unrestricted trade. The relation between the govern- ment, ana the great rullway system of the country must soon epgage the serious constderation of Con- gress,’ Four or more men, coatrolin; four great trunk Mnes Ol railroad between the Allautic sex. bourd and the Mississippi aod Missouri valleys, bad the power to mark up or down the price which the miliions of our Western farmers would realize for their products, and this uncertainty pendent upon transportation was one of the causes of the great depression in tho West, Ofticial investigations into the manner of construction tue Union Puctile Railroad had disclosed x desroe of fraud and villany that pot only shocked the con. science of the Gountry but threatened to loosen the foundation of public and private morality, Tue Irau xposed by Congressional inquiries have been supplemented by otuer infractions of law so glaring and iexcusable that conservative and honest men entertained the epprehevsion that this great govern. ment 80 potent in,subduing rebellion, would tsell talla Victim tu a corporation ol 1s own creation. The scheme of agreat trans covtinental railroad w&s wortny the stutesinen who conceivedit, ‘To the people generally it opeued up alluring prospects because it was prog. ant with the promise of new markets, rapid travel and cheaper transportation, , One of the chief obliga. hons'laid by law upon the companies was the provision vo pro-rate mile for mile upop,the main road and the several branches, The act of 1852 provided that ‘the track upon the entire Ine of railroad and branches shall be of uniform with.” Why? The law an- swered, “So that when completed cirs can be run from the Missouri River to the Pacific coust,” and that “the whole line of said railroad and branches and tels- graph sball be’operated and used for all purposes of communication, travel and transportation, so far as the public aud government are concerned, as one con- nected. Continuous line.” It was upon tule explicis compact, made for the beuelit of the people, that Con- gress loaned theso companies over $64,000,000 und guve them such munificent grants of land, LIABILITY OF THE GOVERNMENT, When the bonus matured the liability of the govern- ment on their account would be $160,945, 833, and, a! loss to the though provisions had been made for pare lial payment by the several companies each your, they had not been complied with in a single instance, By the act of 1864 the mortgago to the government Was made s second lien. This guve each company double the amount of the -govegameut bouds, the Union Pacific Company could thus realize in cash about $52,000 per mile, or more than the probuble cost of the road and its equipments, By the game act the land grant was doubled, and that com- pauy received 12,000,000 acres ‘of land. ot which up to the 4 of 1875 thoy had sold 1,200,000 acres at an average prices of $4 47 por acre, a total of $5,364,000, At this rato the lana grant alune would pay the entire cost ol theroad, By the same fact tho companics were allowed to take coal and iron jands and the government was required to pay each company in cash one-half the sum charged tor gov- ernment busiuess instead of simply crediting the whole amount. Many other very important udvan- lages were given the company iu the act of 1864, OBLIGATIONS OF THR ROAD, Bat what were the corresponding obligations im- posed for the bencilt of the government and the puv- lic? Congress reserved to itself not a qualified, but the absolute might to alter, amend or repeal the iucor- perating uct. The companies were required not only (o operate their roads as One connscted, continuous line, but as the law says, so as “in such operation and use 10 afford and secure to euch equal advantages and iacilities us to rates, time and truns- portation, without any discrimication 0; any kind in favor of the road or business of any or either of said companies, or adverse to tho roud or business of any or eitber of toe others.” All the branobes were thus required to pro-rate, mile per mile, with the main line, for in no other way could each enjoy such equal advantages and faciiitie, 1t would be av utter impossibility for the braueh roads ever to repay the governinent, unless they could sbare in Le business of a through Hue; aud already, because of the Usion Pacific Company’s anlawtul discrimivations aud relusal to pro rate, the Kansas Pacitic road had passed into the bands of receivers on motion of the first morigage boudhoiders lor delault iu interest. Hence the bovds advanced by the goverament inust be totwily lost unless a remedy were provided At least $15,000,000 would have been taken Irom tho Treasury in consequence of Fag Sarusel of the Unen Pucitic Company to operate Their roud according to the acts of Cougress, So fur thas cumpany nad suc- cessiully dotied ihe power of the three co-ordinate branches of this goverument, UNLAWEUL ACTS OF THE UNION PACIFIC. While the brauch rouds were thus made bankrupt, the Union Pacidc, by illegal monopoiizivg all the throug traffic at bonanza rates, were @vabled to pay not oaly interest ou wore tian $52,000,000 of bouds, over and above the bonus of the United Siates, but also & diViueau of eigut per cent per annum on over $36,000,000 of stuck, besides investing large amounts every year in constructing other roads, 1y should ve borne in mind that a large part of the compauy’s bonds had been dissributed as dividends to tho company itselt in coustructing the road, and never had veen pad for im cash as re quired by law, but bad been pad for at about thirty cenis on, the dolar im “road making “at enormous profits. The gross and net earn ings of the Union Pacitc suowed that ity total operat jug expenses were les< than forty per cent, which was @ smaller ratio than ou any Eastern road. the we cost of operating all the roads in the United over sixty per cent of their gross receipts, There coula be no question of the rights of ausas Pacific as a branch tine, These rights, established in curlier acts, Wers coulirmed im the act of 1869, Tne Union Pacilic Company bad setup the plea that it would be ualatr to compel them to pro-rate on the western half of their red in view of its higher grades and larger operating expenses, Even were this true it would present uo reason for non-compliance with the law, But on the other hand, the Union Pacific received doable subsiuy, or $82,000 per mile, for a large portiou of the westera hall of the road, and treble “ubsiy, or $48,000 per mile, for the ‘most difficult part of it An examination of the detailed ollicial statements of the grades of both these roads showed that the Union Pacitie had a larger proportion of levei track and of ull grades up to sixty fee per mile, und that its sight excess of grades of irom sixty to uinoty feet was more than counterbaiancod by 18 supertority io level track, Thus, 1 cost of operation it hud greatly the advan- tage, considering graues alone, a8 well asthe advan- tage im good material for us road bed and in tho abundance, couveuient location and cheapness of coul, Mr. CuarrRe quoted from the report of Gouveral Warrev, United States Kogineers, auu the civil en- kiueer appointed by the President im 1868 to examine tue live of tue road, which states that the constru tion of the road had been remarkably easy, the weneral route being exceedingly woll —_lo- calcd «abd = “possessing = cupalilitios for easy grades ound = javoravle = alignment unsurpassed by any other ruilroud tine on simdariy elevated grounds,” These animpeuchable facts demonstrated that Lue pretence,ot the Union Pucilic that its operat jug expenses Wore $o Leavy as to Justily 16 enormous turf beiwe: jo aud Ogden was cutirciy false, Eve the company moro to oper- ate the western ball of the road, their agreement with the government to operate the main live abd branches as one continuous toad without diserimination tor- ever barred them from such a plea, CORPORATE RIGHTS FORFEITED, By the continued failure aud retusal to do so they had forfeited uli their corporate rigtts and privileges, fuis, he said, Was a Weil settled rule of law, in sap- port of whieh Mr. Chatfoe quoted many eminent ai thorith Avcoruingly, It was the duty of the goverpvment to apply the remedy. — Millious of the people were wronged and injured by the wanton deflance of law practised daily and for years by the Union Pacific Ratirond Company, ‘The legisiacures of Missouri, Liimois and Kansas bad adopted resolutions Instructing their represevauves and Seuators in Congress to urge upon their respec. lve es such legislation as might be needed to Ke~ cure tv all the people the equal rights provided for ip the ucts creating Wwe Facile raiirond companies, and these memorials still remaived upon the Sen. ate files unsatisfied and unbocdei Tho rates for passengers and freight were more trom Cheyenne west to Ogden (516 = miles) than from Umaba to Ogden, whieh ts 1,032 milvs. The un- just, illegal ana discrimimatiog rates wore severely ielt, especially by ihe people of Colorado, Kansas, Missouri, and ali the States south of the Obto River. ightest importance to it Law was not a matter of thi tho Union Pacific Railroad Company uo were favorable to their interests, , lo 1874, Congress passed @ law to protect public 10 this matter, imposing penalties aod asuthorizing suits, but what progress could any individual or bankrupt company make against a corporation whose net profits exceeds $3,000,000 an- nuaily? Nothing, but the stroug arm olgthis govern- ment could apply the remedy and compel a vue ob- servance of tue iw. The State of Colorado, more especially, was prac- action of these com- pavies. No article of comm could be transported wost of Cheyenne without paying more for freight, even jor a distance of fifty-seven miles, than was charged over the whole !ength of the road, DISCRIMINATING RATES, Mr. Cnarree quoted from the tariff of the company HEKALD, WEDNESDAY, NOVEMBER 14. 1877.—-QUADRUPLE SHEET. to show how prohibitory the rates, The inten- tion of these discrimiputing rates, he said, was to compel all commerce with the region west of Choy- enone to traverse the entire Ine of the Union Pacifle Railroad, The samo system was practised with reter- ence to freight trom the Pacitic coast. Passengers were also compelled to submit to similar extortivn, 0 that it seemed neither gers nor shippers had feed Tights that the Union Pacific Company were bound respect, The people were thas deprived of the benetits of a through fin and to all travellers across tho continent Colorado wag a forbidden land, During last July, when it became necessary to send the Second intaatry shortest and quickest st ey were sent vin the Kansas Pacific re to Denver and Cheyense, but the Union Pacific Company charged the government _ illegal and discriminatiog rates from Cheyenne to Ogden. Strippicg the question of ail sophistry, the plain un- Varuished tacts were that the: Umon Pacitic Com- pany’s accounts show a clear profit of $63,000,000 In Stock aud junior bonds over and above the cost of the Toad, and the cost of the roud was paid for by the United states ad fret mortgage bonds Besides thie, tbe company bad made a pints of $23,000,000 as builders of ‘the road. Hi sucoossfully violated e company proposed to continuesto do tbe same, aud to monopolize the through traffic of this entire and not only that, but in the words of the president of that company, ‘to hold the great bulic of the travel and freiguy for the Pacific coast and for China, and Japan and other ports in the Pacitlc bm In Bnclusion Mr, Cuaryex said it was the duty of the executive branch of the goverument to deciare the charter of the Union Pacific Railroad forteited {« {ul violation of the law, and to tako poss n of the road ungess legal impediments existed to prevent im- mediate action, At the conclusion of nis remarks Mr. Chai the present conside Mr, SAUNDERS, of Nebraska, sent to the Clerk’s aesk aod bad read ateiegram from A. J. Poppleton, attor- ney forthe Union Pacific Railroad, stating that the question whether tho Kansas Pacific, Denver Pacitic and Burlington and Missouri River roads wero branches of the Union Pacific, and what their rights were, Was Dow peuding before Judge Dillon, and a de- cision might be expected tv a few days, and expressing the bope that there would be no legislation until alter that decision should be Mr. SAUNDERS #ald he desired to address the Senate 1n regard to this resolution, but was not prepared to do 80 to-day, Mr. Citarrer said this was a simple resolution of in- quiry, though he would not press it to-day if the Sen- ator (Mr, Sauuders) desired to speak. The resolution was then laid over lor the present, Mr. Bruor, (rep.) of Mi submitted a resolution that the names of Mr. Bruce and Mr, Rollins, of New Hampshire, be transposed on the Committee on Mao- ufvctures and that Mr, Rolling’be chairman of said Commitee, Agreed to, Mr. ANTHONY, (rep.) of R. I, introduced a biil Axing the site for the equestrian statue of Major General tthe Intersection of Maryland und venues, in Washingtoa, D. ©, Res red to the Committee on Public Buildings and Grounds, i wr. CAMERON, (rep) of Pa., submitted a joint resolu- tion authorizing Rear Admiral ¢Wiliiam Reynolds, United States Navy, to accept certain presents from the King of Sium, Reterred to the Commitiee on Foreign Relations, Mr. Davis, (aem.) of W. Va., gave notice that on Thursday oext be would ask the indulgence of the Senate to submit some remarks in explanation of the resolution he {ntroduced a tew days ago in regard to alleged discrepancics tn the books and accounts of the Treasury Department. The Senate then, at ten minutes past two P. M., on motion of Mr. Spencer, went into executive session, and, when the dvors were reopeved, udjourned until to-morrow, HOUSE OF REPRESENTATIVES. Wasainaton, Noy. 18, 1877. The reading of the Journal was not finished until five minutes to ono o’clock. The following bills were introduced and referred:— By Mr. Bayxs, (rep.) of Mass.—To extend, facilitate and chespen land and water transportation of freight and passengers, and to promote industry and labor witout further appropriation of public property or Yherease of the public debt. By Mr, Warts, (rep.) of Pa, a resolution instruct- ing the Committee on Public Lands to inquire what assistance can be given by the government to citizens who desire to emigrate to the West for the purpose of engaging in agriculture, By Mr. Towysueyp, of Ulinols, a resolution instruct- ing the Committee on Banking and Currency to in- quire into the expediency of winding up the national banks, withdrawing their circulation and substituting im leu thereot greenbacks or other similar currency, THE DEFICIENCY BILL. ‘The House then, at ftteen minutes past one o’clock, ‘went into Commitice of the Whole (Mr. Blackburn, of Kentucky, in the chair) ou the Deficiency bil. The total amount appropriated by the bill is $2,240,665, of which $1,446,688 is ior the pay of the navy, $311,953 for payment of the umount due Seligman Brothers, of London; $1,000 tor miscellaneous claims and $45,000 for the pay of the marine corps, Tho bill also, proyides for the payment of United Judges, and authorizes the Secretary of the In- to rent a fire-prooft building in Washington unl the Interior Depariment building 1s repaired, KCH OF MR. BLOUNT, Mr. Buouyr, ( )of Ga, (member of the Appro- priations Commityee, having charge of the bill), pro ceeded to open tie discussioa, He referred to the tact that for 1872, 1878, 1874 aod 1875 the estimates tor the pay of the navy amounted to $6,500,000, and tor 1876 co $6,600,000, but that suddenly, when the House became democratic, the estimate amounted to $7,600,000 to pay 8,000 m id that the estimate for 1878 was $7,800,000, At the begiuning of lust Congress" a —sub-com- mittee of the Commit on Appropr.ations (cousisting of Messra, Randall, Hale acd himeeit), called at the Navy Departinent to ascertain why the estimate jor pay Was #o high, aud they were informed that the depurtinent could get aloug with $6,250,000. In that same bill the force of the navy was reduced 1,000, making the number 7,500 men. They were then’ toid that the appropriation for pay could be reduced $1,000,000 more, and tr reduced half a milliou. Alter the adjournment an order liad bewu issued by the Secretary of the Navy, the purpose of which was toexcite the navy against the majority side of the Hous Last session every doilar asked for by the department bad boon voted ex- cept $50,000, He wus surprised, thorefuro, that tbe present Secretary of the Navy should claim that the Perea deficiency velonged to tho last fiscat year. f the appropriations were made upto the absolue Tequirement Of the service then the Secrotury had, in Violation of law, \aken trom the Treasury $8,000,090 or 39,000,000. ' The appropriations made tor ‘tho different bureaus had been used indiscriminately. For instance, there was a deticieucy in the pay of the Marme corps, although — every dollar needed to pay that corps bad been appropriated, but it had been used tor other purposes. ‘I'he com: mittee had reported the amount uecessary to pay the Marine corps, but that fact would uot prevent a tull juvestigation into the circumstances, The House owed it to tue people of the country to pursae that Jnvestigation roientiessly, and it would do It, Mr. Evey inquired whether some means could not be devised io prevent suc. misapplications of fauds. Mr. Bious? replied tuat all necessary legislation for the purpose ulreaay existed. The only remedy for the evil was im the moral sense of the people, who Should bold to just accountability those who bad been Appropriations Committee, held tuai it would be profit- ableto make the investigation reterred to, aud ho hoped that 1t would be prosecuted earvestiy and im- partially; but wr t bo the responsibility at- laching to Congress or to the department iu regard to the appropriation shoud be made with- Yhe officers and men of the navy should no longer be left to tho teuder mercies of tho mouey lenders, Be complimented tho present Secrevary of the Navy on certain portions of his report, wherein he says that the difficulties nave arisen froin the improper diversion of fuuds which tad becn appropriated io special objects, and bad been used lor other und differ. ent oljects. SPERCH OF MR, HAL, Mr. Hauk, (rop.) of Me,, also @ member of the Ap- propriations Committee, spoke of the pressing wants of tue men in the army aud Davy and of the necessity of making tmmeaiate provision for’ their payment. Ho criticised the speech of Mr. Blount 4s not containing such tnformation as the House und country were en- titled to expect, but as making an attack on the late Secretary of the Navy. Ibis bill did not legitimately involve any politicul uiseussion, ‘The present Secro- tury of the Navy nad explaived the imatter sn a tew brief sentences, us follow! ‘The proveut deficiency in the fund tor the pay of the back wing from to y . When both ¢ year, but ty a ser wh by insufficient tons, the latter ght out of the yeurs considerably maces. Mr. HALe went on to argue that the fund tor the pay of the navy was not one of those tunas which waeo Unexpouded are required to be tarned tnto the treas- ury atthe end of two yours, but was a continaing fund, out of whieh paymusters bad boon tn the havit of paying all sorts of expenses for the navy, which ‘were atterwards credited back to tho pay fund It was the late Secretary of the Navy (about whom¢members omtho other sive could not lis tuemseives into sufficieot fury), who had changed the prior system of having these ac- counts balanced at long intervals and who had ro- quired them to be balanced every three month: ihe pay fand had been mado the pack bor on which everything else had ridden, and when the reckoning day came inthe Treasury Department to pay back what had been used for other bureaus it was often found that those bureaus bad no balances to their eredit, o the pay fund had to gulter. He did not claim that that was a good practice, He did not think it was He believed it to bo a gond thing that the 'y of the Navy had looked th fairly in the face and bad dechned to go anticipate or apply the principles fairly appli continuing fuad, but had shut down and said he would not allow (he pay fund to bo encroached upon by avy other funds, ‘Inat is all that there Was tp this pother about the Defictoucy bill and in these charges ot bad conduct and extra: as something that de- served renewed imvestigation on the part of the late Seoretary of the Nuvy, He was now a private ciugen, and en! to all the rights of @ private citizen, The late Seoret ri cellar to garret, and there would not be found a single dollar of a the millions th through big bands which nad been appropriated Lo a purpose Out sideof the nuintenance of Amorican navy in @ proper manner | in, Daxrony, (idp.) of Ohio, argued that thore waa No possipi!'y, except by corrupt collusion, of having the fund jv. the pay of the aavy permanently diverted to any other bureau; and that, therefore, there was un actual detiieney in fund, Mr. Eves, (dem.) of Lilt., asked Mr. Danforth te state what sum had heen actaully required for the pay of the navy last year. Mr. Danvoxp replied that he had no injormation on that point. 7 Mr, Bangs, (rep.) of Mass., expressed his conviction that if the © “event tary of the ry would adhere toth | us,Jjaid down by bim, be id very soou stop rus .i.g the department, The eystem om which ihe House did business nade it impossibie for any of the departments to be run for a series of yoars without encroaching on that rule. For instance, the Naval Committee had jurisdiction of ail matte: pertaining to the laws uoder which the department should be carried on. 1 fixed the force of men and of ships, the expenses to be incurred, &c., but the Com- mittee on Appropriations, peruaps in view of an tin- Bending election, undertook to cut down the esti- mutes fifty, twenty-five or ten per cent, and so n sitated deficiencies. proper way would be to restrict. the Committee on Appropriatious bad been original) ted under the rules to an approprias tion of the money requtred by the laws of the country, REPLY TO Mi, HALE. Mr. Buiount, of Georgia, replicd to Mr, Hale, He admitted that his mode of presenting the bill and coa- ducting the discussionD was not d on & study of that gentioman; he preferred to conform to bis ow judgment, Toat goutleman had not answered points made by him (Mr. Blount), but had raised now issues and bad addressed bimself to them ‘The present Seorctary of the y had bis re. practice which oming back to the tegal methods of administer ing the navy, There bad misuse of the publia moneys and the people ‘e claiming to kuow something of the administration of the navy. He (Qtr, Blount) was not the only man inside or outside of the Capito! who wanted to know why the late Sec. retary ol the Navy bud been using money improperly, Thu might be in violation of good taste on bis (Mr. Blownt’s) port, but he would not permit the gentleman from Maine to try him. In the midst of the popular distress, in the paralysis of bu: hess, he, for one, saw no remedy but in reducing cx- penditures and reforming logislation. He would re. sort to that wethod ratuer than to peeping over bay- onets in distrust of the men who made up the bone and sinew of the land and the basis of all its indus- trios. The debate cloged and the bill passed, without divis. jon. BILL TO REPEAL TH RESUMPTION ACT. ‘Tho House then, at a quarter past three o'clock, roceeded to the consideration of the bill to repeal the epid pivon act. ! Me ‘pEN, of Illinois, offered a substitute simply re« pealiug ‘he third section of the Resumption act and providing that there shall be no iuriher issue of naw Uonal bunk votes except to replace such as are mu. tilated, worn or deatroyed, SPEKCH OF MR. CHITTENDEN, ' Mr, Currtexvks, (tép.) of N. Y., took the floor. He sent to the Cierk’s desk avd had read w memorial of the National Board of ‘rade and a draft of a substitute for the pending bill prepared by at body. He then stepped to che Clerk’s desk himael! and addressed the House trom that position. Holding rt jollmr legal tender note, he suid he was rr) much mistaken if the bill betore the House was not dowaright repudiation, This note in his havd was a promise of the goverment to pay him $10, but no date was fixed for the payment, The uote was issued in 1875, and on the 14th day of that year Congress had enacted a \aw declaring that this debt of the Govern- ment should be paid on the lst of January, 187% Tho government must keep its promise faithiully o* of all raf tars, ja fi it would become the lea: land, including every defaulting towf + The question of honor was the centt in tho discussion, He proceeded to ee: ing speech made by Dir, Phillips, of Ald i. pressed bis regret that that gentidisan had given his confidence to that monster of — icfla- tion who told him that there were 400,000 paupers in tho streets of New York, fe also ex- pressed the regret that that patient and profound atudent of finunce had come to the conclusion that the commercial distress of the country and the shrink:ge of vniues urose from the Resumption act, He told that gentleman and ali unfortunates who went roaming up and down the highways aud by ways of the land teachn- tng the doctrine that contraction of tho currency under the Resumption act had no more to do with the present sufferings of the country than it bad todo with the frozen feet of the Turks in the Shipka Pass, It was bigh time that members of Congress and men of seuse dropped forever all such nonseuse. He went on to urgue that the limitation of paper currency suould be leit to adjust itself under a free banking sym tem, guided by the eaver, intelligent, aggressive enters prise of the people. Thero was but one alternativo, an exclusive greenuack currency, subject at ali times tq the caprice of Congress. 11 any one asked him what that policy would lead to ho would refer them, sorrowlaily, to the receut vote on the Silvet bu He characterized the ponding bill as hurt ful, discreditabie and without excuse. The issua presented udmitted of no compromise. ‘There waa no way to average honesty with dishonesty. There was no central ground between right and wrong. He beljeved that there neyer had been au hour in American history since the days of colenial depeaience when onal honor aod wel so imperilled as now. What bad the Hou: ou vhe 4h inst. ? It bad passed the Silver bili without « syllable of dobate—a bill which, if it be- came a iat would take $20,000,000 from tbo hard carnings of the depositors in the savings banks of New York ajone, Hult million of tho citizens of the Empire State wou'd come, it necessary, to Washiogton to protest, in the name of common honesty, againgt the outrage of that bill. He quoted from a made vy dir. Blackburo, of Kentucky, 1a jtimore, on the day when the Hot the Silver dill, in woich he stated that the House would the roliowtng day pass the bill for the repeal of thu Resumption act, and loogen the sbackies which had tor so long bound down the laboring men, and it would foliow this up by equalizing taxation and restoring the Income tux. Mr. BLackaurs, of Kentucky, Baid that the gentlo- man from New York (Mr. Chittenden) was reading from & Bewspaper report of his speech which had never been submitted 40 him or examination, but he could only express his regret that that Resumptr Dill pad not already been repealed and wWoso shackios stricken off. Mr. Currrenpes (continulng) sald that the country was now sbaken by the wild blast of a grand currency iilusion which bad swept over the plains of the South aud the prairies of tue West, carrying the House by storm and threatening to engulf the vational integrity. The crisis was upon the coun- u Tt was now or pever. He belicved that the greenback was the most powertul cnemy that the country bad fF encountered, slavery alone ex- cepted. There was nothing in t tory of pape money to warrant the belief that the greenhacka would pe ever paid, On the contrary, ail tras ditions pointed to repudiation, and current events poimted the same way. He referred to the vote last week of this deliberative bLody— (heaven save the mark!)—which deciared that wiat was then Worth ninety-two cents, and 1s to-day worth ninoty cents, shall benceforth be # lawiul dollar, and in effect that gold would be known no more forever in thig country. If that Was not square repudiation what wag? Would the power which had deciured an article that was worth ninety-two cents on Monday of last week and wus to-day worth ty cents a lawiul dollar gesitate to declare ten cents a lawful doliar wher the exigency shouid arise? Edmund Burke bau thought base cvin good’ evough for the dependens colonies, aud bad proposed the issue of base coin to relove them irom # paper money delusion, and now— history repeating itseli—a proposition bad been made iu the Senave to if $40,000,000 of “goloia’?—if any. body knew what that was. In tho prese! facts ho denounced the ‘greenback’ it it was a sham; familiarized =the 1" and public conscience with shame. It bad muadied all the springs of honest thrift and soitd enterprise; had confused and misled the public judgment; had supped tne courage and wisdom of the foueral Treas. ury, and bad given immense comiorts to demagogues, Should the government in this supreme moment tura away to go afier strango gods and to plunge into a limited abyss of cowardice and shame? That waa the question. NUTS FOR MR. RWING. In conclusion ne put four questions to the gentle. man from Oro in charge of the bill (Mr. Ewing), which he wished hin to answer when he next addressed the House:— First—Uf be owed a sum of money which he bad promised to pay on the 1st of January, 1579, could be send bis creditor formal notice that he would not pay him and could he then meet honest men unveiled ? Second—How could the government without abso. luce disgrace now give to the holders of groonbucka (issueu since the 14th of January, 1875, .when the government plodged itself to redeem them on the 1st of January, 1879), uotice that tt would not pay them? Third—Couid the government afford to risk even a consiructive impuiation of dishonesty? Fourth—How aud why was it that every weil dressed gambler, vefwulier ani inflationist in the land applauded the bill to the echo? Mr, Monroy, (rop.) of Ohio, assamed that the whole country would be glad to see the greenback doliar equal to tho com dollar jin vVaiue, and yet all the legisiauen the country bad whic tended to bring about that equalization was repeaied by tho bill under consideration, He quoted from the St. Louis democratic platform, which denounced the republican party Jor not having taken any s.eps toward resumption, and yot the democratic party had brought io a bill which repealed the only step taken towal jamption, He also quoted from the republican platform, showing that that party wae algo ta tavor of resumption. Mr. Keu.y, (rep.) ot Pa, suggested that ail repub- licuns did not stand together upou that platiorm. He bimsell hud gone under high ollictal aurpices to Indi- ava, Obio anu Central Peonsyivauia and expressed to every audience he addressed his protest financial doctrine o: the repubi Views expressed by Mossrs, Hay their leiters of acceptance, and that was the year when Obio bad been won and not Jost, Mr. Mowrow (continuing) said that it needed bute litle more patience and the victory of specie resump- tion would be achieved. If the present bill passeu a feeling of discouragemont would prevail throagh tho luad. it would be hurd to find a more favorable time for the resumption of specte payments. and if nis Wore not Feached under the present the country might weil despair of ev ing ie . This closed the discassion for the day. Mr. Grover, (dem.) ot Mo., offered a resolution for investigations into ail the departments of the govern- ment (the same Fosolution that was Gdopted at the beginning of last Congre: Reterred to the Com. mittee on Ways and Meant ‘The House then, at twenty minutes to five o’clock, adjourned, | }