The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1872-09-25

Of specie payment. My opinion was,
years ago, and have seen no
reason to change IL that when We
had one hundred and twenty-five millions
of money in the treasury, mainly
gold, and when we had q revenue exceed
ing the necessary OUTLAWS of the treasury
by more than one hundred millions per
annum, that we were then in a condition
to resume specie payments; that if the
govern ment had chosen to say: ave
will resume--we take our greenbacks as
gold, and we receive them MS gold, that
there would have been no difficulty in
making that resumption under that state
of things. l have seen the bank of En-
gland resume. have known banks of
our country to resume with very much
smaller proportion of available assets to
the liabilities than the treasury of the
United States had at that time, so that II
seemed to me to be feasible thing; but
we did not resume because the people-I
mean the business people-did not want to
resume, and in my judgment that reason
will operate just as well next year, or two
years. five years hence, as It operated then
1t is my judgment that we are likely to
resume don't know when, but not In
any near period of time. TheR, / say, If
we want to resume we need all the re-
sources we had then and we ought to have
husbanded them carefully but II we
| were not as you, and know we were not,
to resume for long time to come, then it
seems to mo business policy was re-
quired of the government-that is to pay
out all its gold, all its treasure beyond a
fair working balance, reduce its debt by
so much, stop the interest, and leave the
gold and the currency in the hands of its
business men, instead Of holding it up in
the treasury to make one of these periodi-
cal--(the conclusion of this sentence was
lost in appause.) But am not dog
matist. ] do not pretend to present this
as matured and settled conclusion.
What I do here ask, what ask of this
chamber is to originate an inquiry and
investigation by men of business and
capital as to where the proper remedy for
these disorders of which i
speak is to be found.
Let us be calm about it.
Let us take time. Let us invest
tigate slowly, carefully, and let the BUSH
ness men of the country come to conclu-
sion as TO the proper remedy-not for a
particular disorder to-day but something
which shall be protection against the
periodical recurrence of these disorders.
This Is what l would have the business
men of this country do Look at the
matter as q disease. Not at one particular
symptom, and determin just what and
where is the remedy. l venture to say
that if the men who compose chambers
like this will agree upon what the remedy
Is, they can have behind them the press Of
the country with scarcely an exception,
and the public sentiment of the country,
and whatever shall seem to them, after
mature deliberation, after carful discussion,
the true euro for our financial disorders
and dangers will be accepted by the gen.
eral judgement Of the country and carried
into effect. This is all, gentlemen and
with these few remarks / thank you for
your patient attention. Great applause
After the conclusion of Mr.. Grcelcy,s
speech he was escorted to the vestibule by
the hall, where he took "a large number b!
the hand as they filed out. He soor
thereafter proceeded to his hotel, whence,
at 1870 o'clock, he was escorted by the city
officials, Mayor Baker, Of Covington ant
Newport, where he was publicly received
, prior to his departure for Louisville. Tit
streets were thronged with people, anC
he was received with cheers in many
places along the line of march from half
, pastj 0 to the Change hour he received
|. friends and citizens at the Burnet House
i, many persons calling.