, 1869-11-24
MINNESOTA.
Resumption of Specie Pay
ments.
1t, PQnl Takts Ground for the Prompt
Restoration Of the Gold
Standard,
Action, Of the Chamber Of Commerce
Memorial to Congress, &c.
(YE0x oCR ss1c1Ak coRkxafoHnNAJ

81. PAU, NoF. H. ls6p.
NEXT to the Red Itrsf Isoelflou, st. Paul has
wrought Itself Into IN excitement on nnsnc1A
question:. Two Mteka staces Hessrs- J. ". 7ay-
lor and ". d. Litchoeld were appointed dsle-
Extes from tho Chtmoef OF Commerce TO Sns
National Board Of TRACE, which meets December
At Mchuond. TITO former gentleman anroautsd
hluseif tn favor Of the immediate resumption OF
Epes5e payments By the General Government and
asked Tor an expression Oh the subject oy tnc
constituent bodJ. WneEeupon discussion fol-
lowed, resulting In meeting Of the citizens ~
1ngetsonb Hall, on lhe 17In INST The interest
Wa Increased by telegrsph!c tumots OF puf-
poee By Secretary Bout sell, to resume next 5oly,
and Of President Gsanta approval OF such Eals-
Ct. There was large attendance as toe *
Paul meeting. Prominent citizens OF all parties
ercuget IN the discussion; and me0 o -al. pre-
ReLted By Ar. Tay or, Was unanimously adopted
Werepttnt this deliberate expression Of the c1t'~
Eeua Of St. F'anl. which naF reasonably be re-
Earded IS the opinion Of the people OF A!nne-
sofa: ......-..
To th< Prt4idens and Conpsess ~ tAs United Stdtta
The st. Paul Chamber Of Commerce w,oli re-
sptc1iniY stprctent tbat tue courtTJ Is suffering
IRON the evils OF an tsreteenab,e euHe1cl: tnat
more Ib2p hair the amount In circulation consists
| Of untsea S'sses notes. paysole On demana; INA;
| silver ws1. If possible. increased b. the act
mating them legal II nder; tnat, IN Ehe Judgment
Of in,s cbAubef. prompt measures 70 rtstcre tho
! Et1lG Sfd{ u3yt III al VI
| government are practiGole, and can he 80
| framed II 10 relieve the commerce and industry
| Ut the couptFJ iEotn nuahe1a' cr1slA Your me-
!. Tbas eov. rnmrns shall psossac at the
| earstes, practicable mon ent for The psy mcut OF
Cnrsd s'a,es Eatss T. e. 'ne9ie Of ~ ~ s1aisaent ,s
Secretary Ut lhe Treasury should pe suthor,zel
aud required 10 support epecle payments BY tna
b!e Wiz irttres, At four per eeuf IN nisr yeara,
the proceeds of which shall be exclusively
nledaea and applied 70 the redemption Of umsed
8 That provision Re made tor the issue Of Dt'y
mil,iots Of greer back: IN e1enange for that
1. Tnat the circulation Of ali bank neses less
ttan 80 he Hithdia@n and prohibited.
3 That simultaneously WIN sae resumption by
! fhe Treasury Of the Cnitcd States the National
Rankt should re required to pay their note. IN
srec'e Or United s'ates bo:es-
Tna1, subject % The toseso!nE agd sa;s e. os9es M
1.onAi Raps!nR syatem ehnui,i be lfee.
! As \ iuTther exposition Of the views WHICH
yrnupted the foregoing action, NC copy IRON tnt
aulhur Of the memorial, ut preliminary EQec,tnl
Of TIC Chamber:
"Ir. j. ". TAYLOR argued IN f1sor Of the tnme
tlste resumption o!t srscte payments NJ tue q Gov
erpmens Ct tie Eu'Hd s:itea, az measure 81 r.
Ntt 10 the conucrcc and inIastrv Of the county
lie will not admtt tina. redemption means con
traction. lie proposes t1at CONGRESS saall a.
o1II to sei, 1t;.,ess nn tonr per Cent ooaGs pays
nt,ncipai I'D Interest ID gold and silver, Ii
whatever anount+ ant q whsteTeE !sies q
cnt. Whattvcr might he the tssne NJ This a7ec!a
gold loau--nftx u.loos, one hundred Millions,
even Mnre-ri wnaIi represent the cost Of speet
} payments, aud that cost u :eStinaie war debt
!. e. much as monitors Htt! I,ned cannon: ano m
gere1astou ot te2e, uat Of ls7t should he requret
TO beAr It, II was contcnded that with one huu
c dted mion4 OF coin Ia hand. aad The sure mean
;. to command an 1ndttnlte nzoan., there could b
20 panc, aug woa!d be no Fn 90 19e LIE 1lsssusS y!
b fns o1 no snen m nass 81
"AE. Taylor etIttnttJ iaf1F1 permanent ent
l. eruiIcnt circulation Of $3.50, ,ooo. .oth. With tbs
s,sr hc rr"poss 70 en sc W, def H. woa m.r
q the N.ttot8l Nank'nG eyttetH uu1uali1ed!! iret
q | ouiy re9Gtrlng the REDEMPTION OF thttf nOte5
E xptc.e Or ryecnbsGks, and substituting pes Geo
n hi tis for the res ccnts lor deposited 10 sccnr
:, ! their circulation. lie arE1e6 II tae foFefamet
II viii meet ts own .ieuand notes In mose'
= employing the public credit aa pE1rose,
II SIS that The ''ack. vii have oInitatlsel5 eas
- tstK Of. resumption. They will on'y have TO 70
= low IN the wake q re TEra*nr!' fesping ui ne
8 any other shau an 1Asigh,tc1nt presentation
,e United s:ssea noaes lot pay Wcnt ta t7ec'e
b rera,ds as nbsolastly e.sential 10 the con old
~ r1on Of the American debt q four PCT cent Ent
e the n1tt paramount dusy Of the na'!oa !
The ( a soss 4. st Z
= Prupoae apy other rbaD : ner cent secu:tty.
70 the United ssatea proclaim itself natt mont
Is Worid viii lash into an American rer cent ,ol
releasing for Hc&t,c bua1nc:s more taan tho
- sand tni,ttors OF American capital. noW l9ckcd
it ID IL th,s sensc that resumption Is claimed 10
.. q sure meaIuse fcf relief 10 trade and induatl
D. beaides e1clndIpt the Possibility Of such dl.Erae
It ehook The coon,Ty 70 the ccntEc On tue e4th
10 September, and frea which Ne are 6t1l saneIi1E