, 1870-11-02

rave fnT ms latNf sffncfhirr tb.t st1ck- -Ipaberp
ana rAntl' r. c*nHot # 4kr wrsthl~sK Il. h,s hands
b. spt.uatlEk in gold r. tim Il, snec nsr euf.
a'n %" IN fasr currency unrtr'r which !, a.
prices vi! Be nxed. and not depending on st ck-
fs@lCT. TIE only nc p1c trAsts II % tpen-qty..
hY This cdrTenct. which can be run up ant! dowe
bJ lhfse cnnlh,nafltu M, N's thesc #.,cH- -Iobbsts
sId tpeen'ato's, who i've OF Ihc earnings oi the
Tbct. II 1t would be worth to the people OF tti4
country etRkiJ-:ouf millions of ioItsis II they
could mare = sound cuErrucy-H tho cur.eocJ
ard silver: II 1t would b. worth to the govern
fut millions nf dollars IN the reduction OF tsa cx-
pe, sss auI IN !s shttttJ IN fnrd tt< niebtriarse
iona OF dollars 10 the peoole Of the cnuutry 10 rr-
sl'lng THEM to ray fur The god< they t,uy in gold
aed stsEcr. ,ae ftandsss cf va.ae n eush " shr
II, Why are not *nue strrs taken TO get hack to
apecic payments+ am eu1preed thu: the nuh!r
sendmt Mt ct thr cnurt'y hiss not dcn1.nrs. It! L
vax1opA NaSa dining T. nj II occurs TO mr. t0af..
u one way inst Is fezslhlt. and whi CHI bring It
Tfopt anq a., ,n5 M H.. q uaese 81 M
country, that ~onAi ue to require the Sat1o1a1
Baaks. TO bea,n with. to ,etsin - reserve for
Tss 1s1 as !se
rcr cent on nnst uf The s'nnds depost:cd. and
they rxcftrc 20 per ceRt ID circulation on fhe
bonda when thrr d pokit In the Tr-sFu y of the
United states There u IN dspos't IN the T.eas-
Of Of The re.: S:' eoass as1' p.yssi.
inst ssaaN", ,aac, aunnsll.. anou. sea.'oo.ooa IN
1ns, co.n ID lieu OF &c g'c 'ubacks which they
nov hold In rtdeem thai currency when nresenf-
ed. ard that will mt produce any contraction.
ehrn has Sesn Kept locked NJ in ,1s Tressuts 1 Of
the Cuitcd Siataf, and whls', has hren for year
where 7 OUGHT rercr to be held. EApplause.]
tender money ot ahoot i.sfv rn,i,i"na Of doltaFs
In single fear thev wnnld Substitute gold Tor
half OF that without Inconvenience. To Auy-
l'od5: what - Is % ,hs neis % s'rp: f"n vii ne.:r .S
issues ir pold and silver urttl ynu kake some
EeasuEss u Rtre them Hre11c. They Will nor
eeem their currencs. wsrn thy eau purchase a
derrt ciared rar1epcE fos less money.
The ue1t sfep IS to rcceiv" these leSs1-tenlcs
ot me amo1n. that IL to H. collected That viii
appreciate them at once. Gold ts made yain1h:e
nnw by reason Of th- demand fnr i. I said IN
~; w. S's cco a'i ia god. We rs,lneed tie tasa
ssaooe.eee SO III xs Vii IL sailess s,,,i. i
s.sumtus s We nase ~ lie ssTe suouns % ct t@aorts..
Elo7.Wo ,oco We nave IN the TrcaEryo of The unied
Stasee. cr did have nn lhe - o. Octsher The lat
La s1at slta oco. 10 ID coin 10 tae Uoited states
| Treasury fnr the last dre years. drawing no tn-
Wig T. j. fers teese3 H1m much nan Ss3n
it, honled debt. psyae'a IN eosa. accuuts to iesA
than 3leo. .ono mo. one hundred ana twenty mill
oas : ~ g sf.t.s Ped Il n
almost enough tn ray the Interest on the bonae.t
dfh:, We viii c. 1'eet this rear s'7a. 400 more.
What do We want it tort Why, TO sell upon the
\ Voice, To mike 1reeuoscks p.r,
Mr. TnnbulI- b selling the gold make green
Thai Voice: Ard re.,eem thcsr. ....
ME. TrumhnlL II you wilt receive Kreenhaeki
In patmeDt Of '1u'ics, sag, to the amount Of two.
tnita. s thst Woad amount +, to some silo
TO collecG nue-sh1r.i Of It's dut,es Ia coln-tha1
would amount TO the sum nt fs3, ,o0o, 800. That
aanti7 enona 10 raw ~hat W. haze M - T. % paJ ID Eolt
this year. Tha. wnuld appreciate tho grecn5acks
The eject Of that would he 1t nnee to make oul
when tie greepbscis ars rsla ia dont you Ism
them for the payment 1f your d':hts, hut with
draw them fr'm c!rcala.l~n. WIN this max
!. a contraction RI the currency1
We'll. you win pn, aut Rold in lieu OF It. Yo1
viii plsce the eo'd IN tho National ha7ts: the
| will he gathering 1t for the pu'rse nf havtnl
Rat % surpote i shoua he e .afs taat won woa,d pro
Eanks: organize National Ranks inst as fart 4
: ii contracting the currency, aud 'he momen
i that yau enne hack tn specte naEmenss. let n
:. ttopal hanks he orearizsd by anyls*ly. MAKE y,
abaus il IAnplanse.l Teeu the currency. H.
everything else, Will regulate itsclf. The suppl
!. vii. be accounting to tic demand c.plssIists vi
: profitable to 60 i than ii Is to enQa9
). in some other business pnrsNit. aid In th1
/ Way, 10 q shnrt period, tho ce0ntrF can B
bI,nRht t. sonnd .ner,c c9rrsncy y which wooI
lot the iiet q the people that coul, he eusere
"ha9 ase sSs% ee e .at .ns s
shtlr maron1:y IN the fntute- Thcu. ms remed
for our fthlcurieF. IN financial polat nf view,
setter. md not make 1t Forss. aS some would d
by multiplying thcae eFa!.ssv der nnica, which a
:ecetsed 10 nasF fnt h5 all dctIs pnhlic ana tt
. tIot tls.
VOICE. Is nol the e1nallz9t!oa ot inc none
10 all part 81 ne connuy caused ~ lta being r
Mr. Truubull. Not a. all The National Bau
. note. II u was reheemahle IN gold, would be u
: ~ valuable III A. nassa ~ o. IL me cnuntry. Il.
) Mr. Trumbull Ihat Is The la, and certainly
4 would not change the organization OF the Nation
: % Tie vo:ee. M % wonin ron cause tho banks Of Ne
d cisel5 . shey Do now
s The Voice. In god, Just the same a. gseenhac
i now.
n mGw nsq i eke aqg
n 10 gold or 1eea1sende! when the Iegatteuders q
out Of the way7 1t would IL, Just as df1lcult IN.
70 Sfa o. DC
+ The voire, think the re4eon that they redee
Ia each others paper ie becauEe they can redeem
= = beets: but think tie hanks could not BE- obla
u to redeem the bank psper Of ali tie oanks In 70
Ss ho NJ S asking The Questions W vas 81 interrupt
ot .. | he tneeteT.I
=. ~ iii. TFumbuIl. It Is M lnteEruption. I f.,
~ people these questions which concern them: .
&c an ~ deslrous Of obtaining information, taa
II q III nay ~ VIZ ~ sas,ssI {ASsIa4;
nj Eittdfawp. the banks IN Que pa:t Of the coun
ia I would not receive the National Bank currency
,ur reF; v.,,. wnn,,, m, r<,os,n ,,.n, :, ,,,,t
@xS @ sir Trum1ull. / see no fnrce in me objeca
Va Tut hanks arr on'iReti 70 RECEIVE, hut no: ~
,co We're tic business Of tho country dons ups!
ID xo1d bssie, the Nattount Bsnka Toal1 be s1np'
he with gold !os ths putrosc of fedesmne 5aesr
so leGal-sendcts for the purpose Of reteenlny Z
nld | circulation. Ana Why shontd . haak ~ y
cy, Totk cttJ receive bill istuesl ~ Nenfaska n
os- the eanc Ss lsRal.tenaels; Wnea IL - Pfef'ct
<c7 the5e7 MY y II Ieoelstl Lnsssx v.
np- TIE Noaee; nesanse m sa sssn ssnaess ate ~ W
of nle N TeW % wo,i an's sson,a he tnst
cAn Fa'oan!e u s." n,,sva - ans fns reas,
xer oa Sosd o. na, ~ f,ena xitout aaxeiinr iur
sor- upon .hc point Tat ne National haaK eots !
ali. en5 u ~ natsa q tnG ns1s ~ Z msnns;
tic sontsf Goon e tha re,i.t s,,'s, the ,sn
tha wnsa a M gog nnssr T. !ne ~ eo'
WAS mcot l4eu. lnnp.aa! -! ~ ioen me = ao,1.r M :
Soe Mnuns tuA sosS ~ - 49, n-.oTt ~ tMa ~
nase W. t.osT hss Sn s"' ~ rsnita the > coIn
Det | M h,,e Tor I. "a En,re HThet,a
ne ray nm ioa IL - "a ,e ,n. s,snt - Sasr
'teAt tI r.sn.re .hs nn3a ,nsf IL s.na1 in Sehr
ason rrnnrwheSa ssxa. anJ thcre Etii hr thr =
"a 70 r-iton ynr ,nfe.nant, AZ csneraI noints n
olds ~. s h. - ~ uH t. .,
new s.1-nTts a, rhnra IA nn.Jpr fhr avstem n
!f - rrs1orsns rnT ~
1A! Pt T..n tr,,,, ,ou mt ra.4aar, rho ,ord
axa- s1a ,Es oula ~" A"' Viz O'N'
II be ! gIffhhafIs. ,,u,,, ..o
base MT Irnmbnl. 20. "nat! nenssin as, ny
,uuI Raueu tanS yoa ~. . e. s.,;Snr ,tnt,f
re- rny Ee money ~ sNns tue eAu'Ae4 f4o"1
nent pah II: ,r. ~,
we Ing tolet. NCuM Ac Nne Z ~; tn4nSE. ,i w ~