Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-12-23
srrr.H OF mr.. pARKlNs, OF LoUkIANA,

SPEECH Of NIX. fbhhlNo, Or hOOASAANAI
Ia the House Of RprsssHtGi'Vss, on ne 6Ht 10 n"
gds .Ols 5,etHaIty Jor TIE edGet't" and f'd'"ps"
" me et'shfy' . a..
Mr., PnKISs said; .. 10.
Hs.A. embarrassed bJ the necessity Of apelcgs ri
,or opDoslog Lne Dill before me b .us1. ho Though
= NO IN I've prize pes, and osiecuye IN many o. a.
oroVisiv. d ana yet nom the manner n Hhlen - hA'
oaen adVocA co IN lhe House. as the bill of me Score
'.,v of The Treasury, endorsed BY tie Committee .
Wsvs ana Means lt had Deen mace 70 appear IL p,>
.unpnon in any one 70 oppose iss Pst'ss'. IteG--
,utr,lon Of the Unitse 8 SseE, hoStYI. - piss :
he manage msn5 OF iefsiga IHtrs enL d, gns,i ne
Psss,sept ana Sensts, ans m llsaTy tts msre par
culAry RBdsr ius PcsaissLts care ~ osmmahaer-in-
GA a. LAa placed Hasnsial QssshoLH especially
a. shsr, Of me Ssss OF Representative Si.n whom
"A ,sysnns bale Ntre paIssa ~ prsnsIe, 30 ch,s
- We oct tortfa.hsis IN guarding tns peculiar pro.
s,res Of the Aouss Irvp mlseoIItTneuon, HAT winch
me hlltut the ,st.blishneAt OF Treasury Depart
nan, m the od Governments wan tnder eJnsldtrAHo.
. clause BIioa r.qurSd ILo S'efetary !" tePor'
oas for the ppUrt Of the puoic credit was Obj
a al anu re cue so TAR me- led by al amend.
men, Adop.td by la &c msjrry as to strike cut tue
ra ~. por." all Z, qufe she ioresry only 10 pre-
49, ,,potts" Iuclers sCry U. s., vol !, p. 4U4.)
a. u mid discuss Lus DILL Ihtrelore, before the hous
subn i.,ed by the ere'ary rather for their eoLse-
Grafton than lvr theu mtro iol nAi Gu' don'
NJ c,pst,u,iouAl duty on TINS point, and thioW the
s,onpibi i.y OF our financial measures enlirtly OIL
ba Seer LAW oil the Treasury, have before me, IL
- S',I,mn : Mich contains Ine Reports OF the LIT
Sscret ~ a tho frea.ury, (Ar. M1nm niger and Il Q
.es If me Provisional Vousress, striking hlustra-
ton of The lmpeloJ VI such oograe. TLQse who
a DO cd the policy Of ths then s'otetSy we're ovef'
rusd and. an attentive Exam nAuoh OF "ln she"
ma, auE Toe whole period OF the Proysi> nal u n.
Or a pot suggestion was made BY NJ. hsmmiDgei
AZ AM, mater al ImpgElRnVe that was not adoPed D.
'h.t hedg. Ga tnS meeting OF Ihe Permanent COL
60 tpere vas cd lie tsme disposition ID h
nd, by his vi9Ns until dLa!ly the public sense OF
me country Protested against his polsy, aud on o
vote t NJ found that there was nota slnLl5 endor
sr in C ,ugreos VI Ihe hdanoial measures .ha pro-
posed.
Br, SIR We haVs nov a new Secretary Of the Trsa
sary genter,an Of large nercantle SxpsrisncS, and
EN- nsutly 6tted il is said by bis familiarity with com
&c al pursuits 10 deal With financial gu sions The
are sdoub, edly may Qu, lLes Of mind acquired 70
make great merchant that are esgenlisl 10 I1e mEu
asemenI of & 6nincsl Il .rS OF the government
} p.eiIy for bush eJs, knoWedgs c. deails, aud ga
gaety in adapting nis plans to existing laws and thu
5a.e Of The eoun ry generally insure sHeeess in com
ne-olal pursuits. Bat 60 cOnsi,uL0 q statesman shu
al 10 deal with great principles OF political economy
ON, thing mere ID Z, CURED. As 4 merchant one msS
be very su sful ia The calculation Of rssults, anG
go. err In his suggestions, for the administration anG
a, t,snsut of the grsat principles from which they
a,4 For Ms Trenholm have great reepec.. He Il
undoubtedly a man of mini, and he may unite witt
commercial 1peIiei all those great powers Cf gen
a,,Ea,ion n I'ste to y ateeman who Ia to manage
ma 6n,lcss OF the county In times like the PRESENT.
Bat am sure he would be unwilling to have Congress
,doo. bis recommerd ,tiOns without gv.ng 10 then
Q. ell and deliberate eIanioGd)r.
We have been reminded that at period like lh'
orAIai haeg- la he af var
ssBsvsd Of 6labcil embarrassment BY adopting th,
Lava Of Robert Moris, the great merchant of thai
Jay Mr. Morris however. had been from the yesi
* until 1884, when he was made Superintendent O.
Einaucs, sn active member OF tue Revolutionary Oon-
,rsa, aud participant in the administration OF tn.
Soysr ment His hs. suggestions, too, Ntud .m'nt
osu,bsrF, vera OF 10 endeaVor 10 give momentarJ
s5dtionsl value, by simple lsgslA ion, to the out
tandipR eui r5noy, bu: to seek 10 restore q SOUND
sn6aFd Of value for she future ssues OF the govern
mt and to provide for the eventual payment oil IL
Iii inc ebiFdns5s. In his Letter ping the POS
.ia1 10 which 10 had bsen called BY the uasnino 1t
- "A Congress- after speaking of the magni uds Of
hs ng before him, a. IT his desire to usrl
.yainst ths least breach OF faith, he said:
wal have then to pr is. that the adjustment
Iii mast tydnsacti oHs and Of all that slGtss 10 N.
si systsDl may he completed By me MODES airsdd.
P-td that ~ stsVer renla Us ntp ID may btc1u 1
Stad d. b., that may in that form be e0mmitte
:, "a no provide for the yearly interest and for the
sS,sntusl siachaTge Of the prlnsipal" .
:, Ina question before Us % not Mr. Trenholm bui
HrI. and regret that its advocacy has been bss,
nora an the character Of s author, than on Ice In
triesc merits.
pm.a a, The Gnarc al measurIs Of the last Sos
l.. "a Oongtess did not combine In the wofd Of tbe
o. u,V "a sseI tel elem' Ia OF Aucc 81, and that L i,
% 20 reverse ths policy then adopted in or
a. -, ,seeoyer the rret cy" from depreciation the
Te,ul, of rsdund and the want Of eOnadsncs in H.
,I,n,.te redemption. On this point differ with thf
rstarv The legislation OF the last session, although
S oI sooom, lab ythpg, did do as much relieve
emit OF O. egoVernment aad eoun ~ a. un
AZ Ibs eircumstaLces could have been expected from
spv financial action Ct this House: ard II it's progl
son, had been fully carried en believe IL would have
AZ greatly appreciated currency as has dmnisheC
its volume.
Probably 70 one who voted for the financial bills o
la, Sss,I9u approved Of al their provisions. Th
House aer four weeks Of earnest decussion aided By
re Ishors of two 6nance committees and the sugges-
,ons of experienced fsnc ers from all parts of tht
country adopted them as ulder the ci cumstances
best could be DONE The President had told rs II
Ne Manage tina. our earliest and most earnest ate
tionn was demanded by the "publc finances" snC
nat he .earnes " recommended" shat no delay b
narnttsdp in ous ct on ION this vital subject" h
sdd9d "the evil has new rsichsd suoh mIgpiude a
to rern It no other rsn.dy thGn tie compulsory 'tde
ost Of The ecy 20 the amount n Qulrsa oy tne pu
sine q Of the county" TIE cretarT OF the Treasury
told rs thA, the currency had sttan,d dmsnsions q
i've rinss 8 rrOpsr 'iz that "Tramptness and Ger
taIat," in its reduction important the tednc
ton i4 and that Any delay In the action Of Con-
gress woul AL ayA'e the dilhc Y. said II may
Ia fairly assumed that reduction Of the currency Il
two IunGrsd millions would enable the Government e
aus ain 90 Nith txpeEdi ure Of oOy four hundred
millions In money; AID II obiem be then STATED
10 fgu ss Il ros the spp reauy positl condi III
OF "a sug four ! u dre1 millions of fu1pli,s, al O
retri. sn eqa.l smouot Of c1rrsucyH
Lit zee hoE hr this ru 70 mldsbls problem o
fnAnc ~ mtsd By tie SCrstaty TO Co, greer, Ssi
solved by ia OIL n
NJ Men IN aGer. N bis Report Of December b:
1868 stael tbat on the lst OF 0e:ob'r the unfund'd
d bt oil the Government " s...... Sf01 447 SIS OF
To this was 10 BE- id ed fer TT, asury
not,s 10 circulation at the cate Ut !
his Report, Dec 2, 1868 ....... 1000 600 o.