550 THE IMPENDING REVOLUTION. 



taker* from the banks and restored to Congress and the peo- 

 ple, to which it properly belongs." 



The gentleman also vociferated against the resolution 

 because it proposes to put an end to the refunding of our 

 debt. If there is to be no more refunding of maturing or 

 matured bonds into those which are to have either thirty 

 or fifty years to run, I will thank God with fervent thanks, 

 for Secretary Chase never said a wiser thing than when he 

 told Congress that the optional control of the debt was of 

 vastly more importance than the rate of interest, unless he 

 at some time exclaimed: "It is with nations as with men; 

 out of debt, out of danger." 



Just here I beg leave to tell the gentleman and the 

 House that if we convert redeemable bonds into those which 

 will have thirty or fifty years to run, as is proposed, we will 

 pay in premium to the members of the syndicate, from 

 whom we will be compelled to purchase them if our debt 

 is not to be perpetuated, more than we will seem to save 

 by having reduced the rate of interest on a debt, which, 

 since the 8th of November last, we have been extinguish - 

 at the rate of $9,000,000 a month. 



Mr. Weaver. I yield for a minute to the gentlemen 

 from Indiana. 



Mr. Calkins asked and obtained leave to print some 

 remarks upon this subject. 



Mr. Weaver. Mr. Speaker, I reckon myself most 

 happy in having an opportunity of witnessing a vote upon 

 these resolutions which have so attracted the attention of 

 this House and of the country for the past three months. 

 I am not surprised at the opposition of the gentleman from 

 Ohio, [Mr. Garfield]. I understand very well that that 

 gentleman and his party stand in the road blocking the. 

 progress of the people toward financial reform. 



He assailed these resolutions with two distinct propo- 



