The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-09-23


clique which tried to force them, down, was
right or wrong In any instance. am not
sufheientiy familiar to judge, What say
and think, you must believe with me, is that
these exhibtions--these ebtliftions---are
symptoms of financial weakness, il not finan-
cial disease. They are incidents which are
not likely to occur in a perfectly sound and
healthy condition OF the commercial busi-
ness and currencyof the country. Well, we
get on with them as well as we can, or rather.
we chase one away and another soon pre-
sents itself, and every now and then
in the great commercial centre. where nv
work has been carried on, there came s,l-
perior corner-a kind of Black Friday. or
something that threatens commercial dis
aster, general disastcr-and then appears the
Secretary of the Treasury with his horn. Of
plenty, and lie lets loose something or other.
He either buys stock or he sells gold, or he
does both, and lie puts us at ease for q
little time again Now | am not here
TO decide that is not the best he
crn do. do here insist that the business OF
the country ought not to be in condition
to require this continual application Of some
thing artificial al-sotiiething let down from
above that there should be state of things
wherein business men and business Interests
should take care OF themselves, and not re-
quire continual interruption of some public
authority In such dictatorinl form. Some men
are swalnped when they appear other men
are relieved. Perhaps the greatest good to
| the greatest number Il accomplished for aught
know, but want to see state of things
when the Government is not continually
called upon to help us out. 1t reminds me
,>r -fnf., >T hat in
earlier day, when every once in while
Nicholas BiddIe was called to Wall street in
about the same capacity that the Secretary Of
the Treasury is now, to put his shoulder to
the wheel and lift us out of sofrle cataStro-
phe. lift us out Of some mire, or ward of
SOME catastrophe. think that we ought tc
he able-that you, gentlemen. ought to be
able--to devise the ways and means, not only
OF getting lis out Of one particular corner,
but for preventing cornets ih future, render
ing them impossible, or at all events disas
trous to their contrirers. .r.,..
Now. | am supposed to be man of isms,
or; what is the word, a man of hobbies. On
this subject sofiie men imagine that am Il
very furious deuiander of mtfiedta!e resump-
ton of specie payments. 1Iy opinion was
years ago, and | have seen no reason to
change it, that when we had one hundred
and twenty-five millions money in the trea-
sliryi tIail1ly gold; and when we had revenue
exceeding the lFcessarF outlays of the trea
sury hy more than one hundred millions pei
annuIn, that we were then in condition to re.
sumo specie payments; that if the Government
had chosen to say" ave will resume. we will
take our greenbacks and we receive them a.
gold;" there would have been no diff.
Gully In making that resumption. Under
| that state of things have seea the Bank o!
England re!UnlC; | have known banks OF
cur country to resume with a very much
| smaller proportion of available assets to
liabilities than the Treasury Of the United
| States had ut that time, so that it seemed
to INC to be q perfectly feasible thing; bul
we did not resume mainly because the
people, | mean the business people, did
not want to resume; and that in my
Judgment is the reason that will operate jus;
lis we'll next year, two years. five years hence.
us it operated then. 1t is my Judgment that
we are not likely 10 resume, don't know
when, but in any near period Of time Then
I say if we want to resume we need all the
revenues we had then. and we ought to have
husbanded them carefully, but il we were
not, as you and ! know we were not, to re
sumo for a long time to come, then il
seems to me business policy wa
redtiircd of the Government : that IS. to pa.
out all its gold, all its treasure, beyond fai'
working balance; reduce itI debt by so much
stop the interest and leave the gold and cur
yency in the hands of the business men, in.
stead Of hoarding it up in the Treasury tc
make one OF these periodical [The con
cIusion of this sentence was drowned BY
apphuse,l ,... :,
not pretend 10 present this as matured t.
and settled conclusion. What do hert
ask-wlat ask this Chamber to originate
is m inquiry and Investigation by men o.
business and capital as to where the proper
remedy fer these disorders Of which speak
is to be found. Let us be calm about it
| Let lis take tiinh Let lis investigate slowly
and carefully. and let the business men Of
| the country come to the conclusion as to The
proper remedy, not for i particular disorder
| to-dny. but for something which shall be d
protection against the periodical re6ccur-
renee of these disorders. This Is what
would have the business men of thi-
| country do. Look at the matter az disease,
not ut one particular symptom, and deter
mine lust what and where Is the remedy. j
venture to say II the illen who compose
Chambers like this will agree upon what that
remedy Is they can have behind them the
press of the country with scarcely an excep-
ton and the public sentiment Of the coun-
try; and whatever shall seem to them, after
mature deliberation, after careful discussion,
the true cure for our tnailcial disorders and
dangers, will be accepted by the genera!
Judgment Of the country and carried into
effect. This is all, gentlemen. and with these
few remarks thank you for you patient at
tention.' [Great applause.]
After the conclusion OF Mr. Greeley's
speech be was escorted to the vestibule OF
tue hail, where he took Il large number by
the hand as they filed out. He soon there
after proceeded to the hotel, whence at half
past O'Clock he was escorted by the Gty
officials, Mayor Baker of COvingtoD, and
| Others, with band OF music, to Coyington
and Newport, where he was publicly re-
ceiyed prior to his departure for Louisville.
The streets were throDged with people, and
he was received with cheers in many places
along the line of march. During his stay he
recei:ed many friends and citizens at the
Burnett House.
Washington Items.
WASHINGTON, September 2l.-The Bureau
| of Justice is considering the eligibility OF
James 4. Lee, colored alien nominated In
Mississippi rs Il presidential elector, to east
xota IN tho ple,1or-,I cOllpgp The decision