Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-04-06

nen', when he first named il 10 me this avoaed
on the noor At the time, haunting the Admin,stra
lion with lis dnplieiy this proclaimed 10 YOU, IN,
constituents, immediately my return home In that
wear this explanation, though not so much in or
tcnSo gave in my speech IN the Sub Treasury
bill, nj the called session" IN Se7. pamphlet co es
nj which m'ny oi You must have; aud this sane
explanation alluded In last FIJI ~ Louisa couri.
house. | bel I'd then what now know Of the
parly's" professions sqbHrd with lhri practices ;
then and notp thai their leaders were knas.s-" sdg.
ing i'ey would do one Thing, and meaning To do
aaather."
There was one very Important measure, however.
/ IN TIE form an amendment To- his bill, Tor which |
did vote, meaning to pass II in good earnest aud FOR
GOOD 'aasofs. After Gen. GoRpoN's nm, ndment
had ialed. Mr. BINNEr,a lradne Opposition mem
hef rom PENNSYLVANIA. seriously offered scrcs
oil suluiaty amendments. which were Intended TO en-.
/ sure the safety ri the depusue banks, AID of the
money oi the Uaiied States entrusted ihet safe
keeping, Among others, he offered the amendment
requiring each deposite hank 40 keep IN liz vaults
III amount Of specie, which, toeeiher with ,he bal.
'ance OF all ITS accounts with specie.pasing hanks
| should be cqua Ia one mn of thu umonnt Of ils
notes and bills IN circulation and lis public and pf-
yale denos,les." This amendment, with he aid ot
samr ar Administration mesuhcts. was, on the h
oi M'teh. 1885, hassed b, Opposition votes in The
alternative, yeas 109 hays %, waiting in the af1it.
NATIVE. The nsNf day. Mr.. pLuMuEn. Of Mls-is.
81 ~, mn Administration member. mored a reeopSiR.
cr1oR II the vote. and on Thursday. fchruat, lqth
1893 tlie question recurring The mutton of Mr..
Plnmmer 10 reconsider twas put, and pissed IN the
affirmative. Yea l6, nays 100, hut niue nhsrntets OF
hose who had appeared during the session, and The
vote taken alicr u call Of hr House. the entire ID
mjajSifaton party, except four, voting IN the air
nGire and tbUa "a dCffdt his specie clause, witch
had once passed, md which, in had become y pan
Of The depnsue act, would have provided The great
est secmily against those terrible en-. nSons aud o.
rcf-isSnes which the President has so much de.
prpf ,I,J AID IsI It.,n Il ,ltnt IL.
aelinn these amendments of Mr.. Binney, some
of which were bcatpnrhed IN the bill then ptopos-
ed. Mr.. Pork, The Administration olenn IN the
House, never az IN, believe. called up that bill;
II was smothetrd because II did moi leave every tlng
Discretionary with the Executive. aud The country
Without law reeulal ~ its public d. poscs until
July. 1896 'Fhls was, therefore. nm in stance
of ''ihc paay's' hypocrisy, and ~ tins hey had
even the p,eleNl thai were forcing upon them
measures which we would not ourselves really have
ai5rd them IN passing. Aud What, il we had. in the
other instances, been pressing upon their support
their p,otessed favotites. rou1 they complaint
Or nothing but Tint had obtained our object,
de- ansiraIe the tai>chood ofther professions SO
much fff tie chapter upon the events OF 1886.
2l ] NOW conte 10 the second qpesriou-npon the
Sub. Treasury bill proposed to his Congress IL
every sialee Of that ebnmnahle measure, | have
opposed II, am utterly opposed 10 H. IN any Shepe
SILT and expect 10 oPPoSe II "to The end oth; chap
ter" Just as often IA the President daies 10 thrust
ii back in he faces OF The Peepl" who hass tr,le
rejected II, viii ynie 10 ihow 1t back Indignantly,
ri the head Of the DfcTATop whence it sprang-nd
like "Mnetva 5aH lDrmed and perfect, from the
head of the Faihe, OF the Gods" THIS odious mea-
sure involves oniy abe issue OF rs in
iinsc merits. but tie issue. Solemn 10 this Republic
wnr1 HrR THE PnEsiorNr SMALL ARnooANrLr
PREVAIL AGAINST CoNGRlss AND run PEoPLr
But what have | said ! have denounced the
measure. A. Louisa Court House, last fall, used
his language:
"ln 1888 The party professcd the metallic hard
money policy. They removed the deposites, a,d,
instead OF dlvorc!ag the Government from the 3 inks
hen, took To their embraces some eighty 81 ninety
oc. pets stimulated them 10 every kind of excess;
refused Ia pass Mr. Binnes's amendment To the first
proposed depose Law. requiring al least ONE FIFTH
If the amount of deposiies IN species made thai the
ptetext of passing no law . refused their Sub
Treasury scheme in lSI5. III The form Of Gen. Gpi-
Ions proposition, for which, by The bye, voted in
minority oi 81 IN 16l, inf 10 other reason IN the
world Than 10 demonstrate the hollowntss and Inv. |
pociIsy Of ther professions for hard ,oney Co |
aud for which would noi have vnted. II /
here had been the leas, danger OF rher voting for
H. aud redeemine then pied les and professions they
ever passed any law 20 regulate the safe keeping |
and dlsbursing The public money, until july 1896 /
HAT law gave them entire drscietion, without liml.
aion or resGricion from the removal Of The depo-
stes. all the whrle Ihe patly IN all most nf the |
State Legislatures were muliIplt wing. without slim
pr limU Stale /; inks upon the Ioosest system ol
credit, aud IN tew years they had increased local
bank capital Ihfee-iuld sptmging up like fungus
sprouts from tie stump oflhe Unlfed S aies Bank
On the ION of May. 1897, their cnrre system fell
" ilh IRENE ndous crash. aud threatened rviy IN
leresi in the country iht banks suspended specie
and we've. together wuh the entire ciedt
system, denounced and dishonorcd by The Govern
neut all most Of our rmbifrassrncnts were as
crbed actually To The ia'0 OF 1876. and from that /
lime to this the Treasury of the u lied States has
been actually out of tie kerpUg OF law From
1875. (OcIober.) 10 the present moment, lntC has |
reipneR les, than len nunths in a pe,iod Of SIR
pears The law iegued from July, 1886 10 the
lOlh Of May, 1887. and all the of the time the
honest lnlelhurn, freeman r. fscred nron tins
Que fact that nee are a Repubttc wutom The reign o.
lane
''Bul the Sub Treasury his been proposed-tbat
is, after General jackson had chained thai tie
d. nj and t,s snbordnaics III olice, his eyes aud
arms, lie asked boldly, that the Legislative Depart
ment (Cengress) should yield to HE demasd to give
up TO HIM aud his subs the Gus ody and control of
the public money by law, whilst the Constitution
unchanged veslIng II in Congress- Will
out he law, by usurpalon. aud by use aud abuse,
he had II already. but WIS ed ii cleaIly confirmed
and established by lato-by The consent Of the OPP
posing, checking, balancing CO. r'iinate department,
IN Which. the trust had been saCrrdy repnsed b,
the Constitution And from hat time 10 thus, the
contest has been waging, whether the President
Congress shall prevail. HIS demand has been thrce
rejected, aud yet his Sub-lteasury is. and has
bee ia actual operation By ms mere po~ef, not
wiihstanding the "lsmentatIoos boib here aud else
where"
Il, l..