, 1870-12-11

Debate ea the Resum 3tf0n: OF: Hpe-
Gle Pay ment.

,nufsa1o. Me. ie:-1te tanouct List uIaas
R:ssi N, T. ~ nEns;o Rosrt Of Trade 10 The Ma
e!-A ant affair. The festivities we,c Kept 'rp uuti
an esr1y hour this morning.
The convention was q 4 lie late tn e...tux to-
Qtshef tEis morning. aa'* 1t was not uaf. :wep;v
minutes past shat tile President csIltt 1t Il, Of
small.
The rroceedings opcned with prayer.
The 'ea.t1uu oftne minutes ot tue previous meet
ing WAS d:.eDset with.
COLLECTION OF STATISTICS.
The President Annlut ced that tna ExerattTe
Council had tesesniued 1f>inaugnrAse new sFs-
tom for the caitccrtou Of nnutHts sfatsttra ifUn
the various boaf'ss'of Trade for consolidation
THE FHaSKfAG PRIVILEGE.
The Secretary resh the following despatch
| f. m TIE Postmaster General:
Hamilton II. E:H, secTfttrp af The .Sdt.oHa! Board
| Re'u,n ny blanks TO the Sasiona. Hoa.,l O.:
Trade for the resolution In favnf Ct afosain ine
porsant, and i,e.leve tt vii. haye great influence
<sssned, ~ joaS i j. csEsxE11,
| Postmaster General.
RESUMPTION OF srEc1R .ayxkSr
| NJ. Weinetel, OF Paiatslphta on-fe.t resou-
tlon Offering the action Of tue board In Htcamoad.
"ht.ortd. Thas. IN the or,nion Of this board. the
~ la,edss,s a. r. eeuat5y impe1 at'se! dsniaa
i eaiiiest @ rossioc @ p!ro Snods 'AS' VI 'A''e At
NJ. Ain, OF Insladelphis, onssed the following
- ~ ni1.es. lint ut:
4 u
ments can only be permanently eHec cd when
iull cfopa, euccesatu' Industry. SGD restored po-
nticsl na1mo. hnal1 cause gold 10 low hitler and
!" Rt,otrtd, ,Toa. rre1nsture resumption will prove
| curse, snd cot hl' sslng."
Mr. Hawify. of Detroit, was In fhror Of rettefat-
| Ing The Resolution a'i"rtes, at Richmond
MI nay'"1 y G. G. c@nc'nDs!' @ novel to anea' the
| THE Lest Interest of the country IL to resume
sreca Payment At the earliest practicable per,o,
Nncn Ia onlT 70 Ire done By the contraction Of tue
/ He spoke At some iength on the .u5;ect, urging
the ahsoute necss*ttr Of contracting the cufren-
CT. He aid not oeltese VT. would ever regain the
nnui We caalc TO guild lie close: oy ot1sf.ur Inc
'Raoira', Thar, IN the opia.on Of this board, the
hest ,nteress OF the country demapd 1hae restnrl-
tlon Of t.s specte standard at the earnest rraclt-
| cable period. ann that this can he hest accom-
greer bss L currency"
Mr. Mcihttsun. VI st I.suis, spoke tu .ayor Of
tne adoption Of tue reso!ptica offered by Mr..
NJ. Bu,bs. Of rnpadeph!s. o37<pes the con:r4c-
tMn ot tnr rnsrtnss. a',.s III nght s.te Problem
cnhTurtd in The rfs0l1tOn wO5si ~nrk !tselt ont
s6fs'Ach llH- We had teen ERA 'FkRb:J Succes4-
fUf In srs1ptnx at pofLt Httete we arr without
cnnsnls'en. LIZ siii not want to zee this era OF
ri. t,na,se. Of New l"rk. also PIKE III oapo-
sion to r.. c'risat- eont'ac in oi thr currency.
fr thnu1ht 49, Rtthuiis let we'll enough allns., ami
Dol do that TEich wo,d destroy, for the time .e-
'pg: M ~ ntssns,tis Of me co'nsry.
/
iu.e hal pasea Tor CoEere. to 10 al. .tlliug to
hs>tsn tIlr usutbptnn OF soecI. paynlaat 1t
~ tu!n hare heen .iune Al the tln>e ot thr war,
] wfs gu,u as 1sN. The pecple OF The cDtsn.ry
would nHt 1ss:s n TO contraction EHE. tnoi1gh
pftbast!s haa inh1e psncr 1Eauey tiaan Eas neces-
| -tS. NO iatlun tat tstr thsir mare rapid pro-
rst-s to safe po-lt!oa thac-Ht hef- Speculation
| ~AR at !"T*E fHh II the +s nttry taah X hMta
hefn tut years previous IL the xAt. ant3 me- cIaH
| h'nuh' just what they want. Il, 4nr no unre. lie
| Vas In favor Ut letting the s,:iect uieue.
Mr. ethetel1 entite,x :,gEsxtt with Mc. Cntttcu.
d. p. NG UuSht to i1+s s-.tste.l where re were,
| and cot unnecessarily 1seIupt tu has el th:ags.
| He though! the act!an .i4a 1t KEhnnl!h should
&c a1imed. ,,. ...... -.
| c!siDthg that The rEeaett pr, A1'um on ,xnlt wAt
not to te taken a. ins.raslA. cur Hn.,rCsh Ia ant
| cir 1T yIpcbt. We h.I adapted to nuY rnrreur,
| two slau.A.tta Of g.lue-tnat Ut ltt ,-frrn.,arks
| ap.i that OF nur ..op -.
Nf. t;1tbt, OF 1T. .ls,1c .ph4s fhonsht tho w.,njt
National Hank SHOULD t,ke charge us and r~gu.
hate TIE snatt.s. It was simply . ques
ton OF courage. He 2-tssoseh II
rrt vent bnY klu9 =, RIsn Introduce into ftuauct
wh4t ne tnt.oc:trs sn*u rrtn. llau--u:hrttal law
The Treasury .: he 1'te! 5.ales must ~. !ncnr.
! In common susats.
Ms. sealyt: u: Newark, was In :avnr of reasa
lnr specie lsis As toon ~ Htxsae. !Hts did no
thtnk It cocld be Fastened bJ TIE llteffefcne1~o
| IfIt Naftot al Bpaft1 Of + Rde.
Nj. Ha.aers. et ChArlfsrn't. spcke IN satc,
| manner m thp questinn. lie :accQhi there cxye
rad b+e9 time s1nce me wa whtn We we-s bet
/ Ter p'rrsrec IL resume Fprc.e payment.
Mt. III {, OF st Lnats. SAID fnat. as none D: th
> RESOLUTIONS proposed enooaixd what 1T .aousza
the rrof-1 e rnsdS, he Mc tc*l that tAti. +,Asha