Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

18 erthygl ar y dudalen hon

THE AMERICAN SILVER BILL.

Newyddion
Dyfynnu
Rhannu

THE AMERICAN SILVER BILL. The Bepudiationiats of the United States, sayr the Globe, have carried their bill through the Senate, and there is scarcely, any doubt that it- will become law. The President, it is true, has a right of veto under the Constitution, and the bill has still to run the gauntlet of the House of Representatives. But the Presidential veto can be overidden by a two thirds vote of Con- gress, and the number of Senators who supported the Bland Bill in the vote early on Saturday raeraing-the Senate having sat all through the previous night discus- sing the amendmentø-exceed. that proportion. Pro- bably, then, Mr. Hayes will not put the Senate to the trouble of voting over again; but will keep the bill back for ten days, whereupon it will become law without his signature, and he will have no responsi- bility in the matter. The measure was expected to be brought before the House to-day, but there is no chance of any effective opposition to it there, aa it is notorious that the Silver Party are more powerful in numbers in the House than in the Senate. Amendments, will, doubtless, be proposed. and the Resump tiomsia may protract the fight, and even give some trouble to their opponents. But the issue is certain. The remit ia—aa the Timd well- informed Philadelphia correspondent puts it-that "a silver dollar of 4121 paine will be made un- limited legal tender for all debts, public or private." Now, as the silver in a dollar of 412j grains is only worth 901 cents, it is plain that the creditors of the United States, both public and private, are to be compelled to submit to a deduction of nearly 10 per cent, from all the debts owing them. The United States Funded Loans were raised on the express understanding-and in the original prospectuses put forth here with the express mention-tbat both prin- cipal and interest were to be paid in gold coin," but they will now be redeemable in the depreciated currency. The United States will have broken faith with the public creditor for the sake of grasping the profit accruing from substituting silver for gold in payment of debts which they are bound by every con- sideration of honour and morality to pay in the more precious metal.

A COURT TORCH-LIGHT DANCE.

OUR MILITARi RESOURCES Itf-IWDIA*/

OFFICIAL CORRESPONDENCE.

.,"A FIGHT AT ODESSA.

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n ITHE LAW AFFECTING INSANE…

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, DEAN STANLEY ON THE POPES…

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A ROMANCE m JteEAh LIFE.

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A COSTLY SOLDIER.

HUSBAND AND WIFE.

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ENGLAND'S FIELD ARMY..

A PLEA FOR "BREACH OF PROMISE."

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