, 1874-04-03

4soont again, that We may hnvoagain tho ruinous
descent oas from inatlonP la truHt not. slr, wo
dollnr. A gront many people havo tho idea tint
you can mako ,nonoy plenty by simply isB,,inE
1t IN largo quantities; and groat many think It
ought to bo distributed per onplta, or in somo
eomc. This lios at fhe Foundation Of nil
our. financial troubles md belloye tho way to
begin Ia to begin at tho foundation,-to tako
somo stop directly in tho direction Of returning
to Bpocie payment"
snch wero Mr.. Morton'a opiniq In 1860.
Comment upon such baoksliding ,uld llavc
been
onuE1Ty 70 ANIMALS Z
schurz Ind too much respect for t:'naolf, and
too much art as 9 debator, to at :-,oro to thiH
nakod record, except to ssy t. cAlorton had
boen on two eidoB of evory quest :; and that.
II tue true business Of etatosn tshtp was to
change ouo'a opinion. ho was ong : the model
with the Senator from Indian sin, that no
changes hia opinions always tue worse.
To.a change for tho bottor should have no
ins officer % to 11orton's double position as to
Reconstruction In Gcorgin; but Morton though
ho mcant to rotor to hia suppott Of Andrew
Jollnson IN 1866; consequently, ID the very not M
third change Of position. Ho Was quoted
against free. banking as fol1owa ,>
"T would great deal ratlcr th:.t t1o volume
Of banls:enrroncy should DO limitod than to la!.j
1t FREQ. If We havo freo-banking, 1t ought ncycr
to como until specie payments aro permanently
eBtab!islod 80 TINT those banlts shall absolutely
redeem their notes In coin, and wo hllnll 1Ryo
that aocurity against tho initiation of tho curron-
~ by tho Increased Issue OF banle-notos."
This speech was delivered Feb. 4, 1878 and
yet. within two1ye month";, this forEctfnl dema-
goguo was found riding In tho inflation-balloon,
and throwing out quantities Of dirt-ballaet upon
persons who stand On tho solid ground UNDER
meath; VI bnch material they scek to make
Presidents nowadays.
Again: A[r. Morton was quoted as rengonor
agai,,st tho practicability Of gotting more real
capital by shifting, tho currency from ono SOC
ton to another; and le lad clearly Demonstrated
pooplo Of noighborhood to got 100000 of cir
culation.
Tho lucid way in which he showed this fact
Twelve months before scllurz did tho aame
be moral and not mental. His head Ia good
enough, but le las
NO CONVICTIONS on rn1so1r1Es,
aavo such as will serve momontary turn. It ia
snte to Bay TINT no such reckless man haB ever
come nonr tho Presidency, nor Ind it in ilts
powor to mold tho financial policy Of the United
states.
Mr.. Morton was q droadful object to look upon
were popping little globules Of fro. Language
failoa him. All ho could do was to call sohurz
- a professional foreigner" and taunt him with
having gono to tho Cincinnati Convention. In a
few minutes, however, it struck him tint it might
do to accuse 6churz of having cribbed tho illus
tration about tile cost Of national currency,
aforesaid, from lliH own old speech. At this
point, Conhltug uncerenoniously tripped in and
snid to Morton:
Where did you stoa1 it from ~
Bchurz replied that he could not leave Morton
TINT last comfort - did not take this, or any
other Of my arguments, from anything tho soua-
tor from Indiana over said. was uoyer under
such neccssity."
Conkling then took tho floor, and made one of
his clear, agreeable statements on tho financial
question.
Such is Congress, tho ideas all ono way, and
| tho Yotca' the other. GATu.