Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1856-08-02

any other cause. To reform, and not 10 des-
troy, was my ayOwed motto. ] know that the
existence Of hanks and the circulation Of hank
paper are so identified with the habits OF our
people that they cannOt be abolished, even II
this were desirable.
"Such reform in the banking system as !
have indicated would benefit every class OF
society bur. above all others, the man who
makes his living by the sweat Of his brow
The Object al which aimed by these reforms
was moi pure metallic currency, but euryen.
cy Of a mixed character; the paper portion Of
il always convertible into gold md silver and
subject TO as little illriua,ion in amount ns the
regular business Of tie country would admit,
Oi all reforms, this is what the mechanic md
the lnb0ring man ought most 10 desire, u
would produce steady prices and steady cn-
plnyment. and under iis Influence the country
won Il march steadily on in is carevr ol pros.
pcrty without suffering from the pinuus cx.
pnnslnns aud conlnconS aud explosions which
we have endured during the lasl twenty years.
What is most essential to the prosperity Of the
mechanic aud lnboring manf Constant EN-.
pnymeni, steady and fair wages, with uniform
prizes for the necessNrics and comforts nf life
which he must purchase, aud payment for his
labor in y sound currency"
Afer rcSinring iuracr his arguments ns
presented in his speech of January % Mr..
Buchanan said, in reference TO the reduction
Of the wages of mboring men:
81 commended thar il would not ininrc. but
greatly hereRt the labolng n,an 10 IUy,ur II
violent and ruinous expansions and cort acton
To which our currency was incident, and bY It
,uH, ~, !, - Z
basis. II this were done, what would be the
Consequences? That, # the hboring man
could not receive as great u nominal amount
for his labor ns he did 'rn the days cf exrrava-
CANT expansion which must always under our
present system be of short duration, he would
be Unidentified, aud far more than Unidentified
BY the constant employment, the reChrr wa.
ges, and the uniform and more moderate prices
of the necesSarics and comforts o. life, which
more stable currency would produce Can tbs
proposition be conirovcred! ! think not. II !
is TOO plain for argument. Mark me, sir,
desire 10 produce this harry result, not hy cs-
nhlishing pure metallic currency, but, by
reducing the amount of your bank issues with. |
in reasonable aud safe limits. aud ct ,hIiShing !
a metallic basis for your paper circulation. -
THE idea plainly expressed is, that II is better !
much better, tor the laboring man as well as
every other class Of society, cxcep Jhs sprcn
later ;hat rha business nr the country should .
be placed upou that fixed arl parmaucht ranr.
Aation which would he hil by establishing
such bank reform a> would r,nlcii' rermin
rh1, iunI> 40 rs should Je always ~aager ne--
into gold or liver
and get his pIojn mud simple exposition
Of my ,jews has ieen seized upon by those
who desrcd 70 mpao political carInl oa of
their pcrgers,oa and +, ho, been r.gr. se I'D .
far and wide that it was my desire to reduce
wages down 10 the prices received by the mis-
crabIe serfs and rnhorers of European despc.
tisms. shall most cheerluIly leave the public
TO decide between me and my iraducers. The
Senator from Massachusetts, after having at
trbu'ed 10 me the intention of reducing The
wages Of labor TO the hnrd-moncv standard,
through the agency OF the Independent, treasury
bill, has added, as an appendix TO his speech,
n statement made BY the senator from Mary
land (Mr. Merrick,) of the prices of labor in {
these hard-monev despntisms; and it is thus
left to be inferred that am in favor Of reduc-
ing the honest and independent laborer Of this
glorious and free country to the same degraded
condition. The Senator ought to know that
there is too much intelligence among the In
boring classes in this highly favored lard to be
led aatray BY such representations"