The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1867-01-24

raj causes, Ii viii be worth something If y0u at
tempt II before, as i have said ihe action will be
spasmodle aud worthless, and not only worthless,
but destructive to every material interest of this
country Who wants specie payment, and for
ybat7 Why, upon the the0ry first mentioned,
that because Of fhe faeti VI gold lsaboYe the face
of our paper currency de denomination Of the
currency and therefore the prices Of the living Of
those men who have salaries are enhanced, and
the prices Of the living Of noDlproducers are en-
hanced. Thetls one Yiewofit / kDowtha II Is
right feg persons who have salaries even t0llTe -
eheaply 40 they possibly can: |: but take II that
they lave no right 10 demand cheap living at our
bands. even II their theory b true gt all at the ex-
pense Of the whole productive interests of the
country Sd. ytfl I,,.te5l9 Gs. ~ ssy3Agl tl
|, Who else wants resumption Of specie payment
Why, Sir, The holders Of the bonds Of The country
and their name is legion, whether foreigner do
mestic. Those men who have bought our bonds
when gold was $50 would regard II ali d G6d-send
to-day, II BY die aetion Of the Secretary Of tlie
Treasury and If this Congress the thiTts-tbree
cents Of their gold should become dollar 10 their
hands, Why, cir, Aiaddins lamp would be utter
ly worthless ii lcompdrfsoB whit. Tbeyare in-
terested IA this matter Where are TIE bond
holders thus lnterested7 There are across The
waters part Of the b0nd-hoidns, and / am very
glad Of II in one view, II would be grand imam
ciattnunplf ofthe Secretary Ofthe Treasury, aided
fst,, az ti3.,, not- tss7IsId ggEit, ~ ~ 5n II
6,,t dIstSess fbev bro1gb2 6yey Mere ana Eyestsd
fn our bonds should become dollar IN gold. l'.'
% Mr.. MAYNARD, VIII the gentleman allow me
= hNp hiagnsIf spINDy rI1,ifdi gr a bel srod ~
" ~ NV, N WE VIZ Ill, "A " Z. -.
~ y " sh &
sy,;s 4 r. ~, ~
nasiyn @ = NV rVi1l ~ Ys yss
anS ,sEdr T. o5sa ~ 49, tnesS shi
.s.g yy,,ei - itt, ~, ;s,S X,
WY plai ~ A az y "
s X pfVNt,Y III u ~ h ~,
- a.. y y y ,.y,' spo
S;N y s, ~. 49, w ,sn nlsri
nln. Any9e p',iI1 I. IS,e y tisti
msiyn sDfiL IA 80. M ~ ~, II
Ihne =. ~. ~ q x u ~
y 4 9s, y sns ~ N. "a "
f ssass ~ b, y as.,s nv , ~ IKE
Country co % as tist tiey Shall iaaxs dollar ous IF
within with a wear n two :. =. s.'s r.drT lbHs
with W. KvTf MI ~ u Wi,lthe Ssnt,sO.,, u
Interrupt himfOr amomenti n ~ s76sisT % (
& Mr. KELLEY. iAliow me to say that those
bonds are payable in ''laWful moHey.g and II the
FnolIsli pe5ule send them over here before we re-
suioe specie payment, they must take thsiFfe-
denptloa in lawful money! let that be specie or
greenbacks. 1li .os 81E .l,1ln sdJ b A54naa
n Mr.BUNDY. That IS q Ycry important sHgges-
,tiongatd 4 am Obliged to Ihegentiemm for max
inelt.I gs1gIIT s,enl Isf .g!1I1sa s19m sdi
lIi-Nr, MAYNARD. agishto ask nv friend from
Pennsylyania. TMr. KRUIxTl 0Whether he thinks
that me seeretaryl Of the Treasury. bV making an
offlcial announcement that these. bonds viii be
paid at maturity in coin, creates thefaby any NOR
al obligation upon the part OF the GoTernment 70
pay them In coin. vsaT lusms57A gal nc d
.lMraKELlEE.I ihayeneyer supposed that the
word Of the Secretary Of the Treasury could over
ride the law Of the land and as those who bought
these bonds bought them with the understanding
that according to the terms Of the law they should
be redeemable in lawful money, the Secretary can
not change the terms OF the contraet lam there
fore iii no hurry 70 give the gold instead Of green
backs, as In doing so. We viii crush all branches
Of American Industry Foreign bpndholdets can
not complain II theS have TO take What Is nomi-
mated in the bond, and do NOT get gold when We
promised but lawful money a5l,sIgqo aislu1,a
Mr.. BUNDY. / am very much Obliged 70 gen.
tlenlen for interjecdhg such good doctrines into
my speech. TheyWil be highly valuable as illus
trations. ,,,''. ~. -'T.s.s ~ .5ea jr'Ii .
| NV Mr. sneaLer lave stated who are the
,uterested narties. and tbev are the only parties
inieresied. ON the one side are the non-prOdu-
GERS with the bOnd-hoJders. domestic and for
ejgn5 added: while on the other are the pro-
51caars M this country. the men who work. care
NJ X
Of dis thing must eventually fall They consti-
tiife the bedrock IN these strata. Whatever we
NAV say here. the capitalist, the man who has the
money "a not TO be The sufferer by crisis. The
weIglt Of the calamity fails at last. and most Sc
yerelv. upon the man who Works--the producer
Rnt s,r h is prgrd that the reputatiop. ar ,the
,,,ar,,1,,t s, isinsoIved IN this natteF 7 bare
80, fons eoming from across die wafer
49, - ,bat ,et,r ,,rI, ,
l.a snas ~ fa "A tssaS are ~
.on,cal ;lstions with 1he Governr6ent he re
srmntior of saII be aceanSlls-
s5 T rias H. S1,trs ts doetrine the lran
" .s G,na. 1he penins,,Ia ,- Il
a., y, iinstraon Wha IL te t
~ ssrsar to tis matter = How did Creat rifain
,.'.s,5Ss snsce S,ayments? What are her eonsoIs
A. 4, ~ rorl,at No the,
s,,o,a Sosy fsr dollar with their Observation-Disclosures
Obs-"ossra3 No air. They are gfoted IN Ian-
Soc a. ninety tST cents on the dollar while our
Ave- ~, twsntes n tbe same market are anoted Al
10 ven call tlsat A. resrntinr of
If II were nrorosed that ',r
aovernment should resume specle payments npOu
tbat nrinejDlas there would not Iperhapsg be so
much Tl Dohisetion. .to II. Take All our yast debit
neT cant interest an n and then let is ouotable
rrsine IN the, marked Be hui nInetv.tvgo eents on
M dollar and yo. viii have resnnled speele nav
ns msnts N tbe same wav that EgIand las donr h
m neSsS sss m he adsbteSness az tbe Govsrnment i
conosrped ~ s1 1,e f''s - - -
Rnt M sneaker ,fhe evil Of this th;ng does NOT
ston nj, hero In the first place. we Are sot oondi-
eSe IT, H,.s, sae prse, FAy Ws "evor oI %
MuPes ssa ns,t bs within ths ns[t hnndrad
aae We us at,,.aI are nea.Iv ali Al
ysls IA ~ Garoosn9 shs aSr,iss,;s1 ~
veiIpeSi III ana nv sila n',it
Ak a' s;d ~ ~ .h o., a.
s w., ny On s
sTe tpe ~ iIsho.ar Hanc ',nder X
presans smo s n.s;S ss ,u
eapes.s c y an .
& esS wc " do EVs i.ot ~ ,,a Rs g L. sanS M ~