New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-09

choose 70 take their money and put II
In ass bonds tbat they shall have the privilege OF
doing 90; and what the objection TO II The Govern
ment the interest Is mat oojeesonable,s l Lev
snswer Il will keep the interest at home. The terrible
effects Of CT Sg o dSr s se ' sb SSw
seres TO be paid every year abroad IN gold Where
a nSi Scuie we o%y pToduce Scdd Millions
year. IL must be paid IN some other FORM How has
now now ' tha, source is stopped aud that Is
Why the Whole wheels OF business are are
sury ago Ireland was prosperous as no other green
stand on earth; fun of manuiaetures full OF pro
ducOns and what j. the greatest evidence OF prospol
n.y. producing population IN greater GeSrTe o on
Who were happy prosperous living at home and 2ll II
comparative comfort: but IN an EVIL DAY " Dreahe %
for tne owners OF her land to live abroad Taus
came Irlsh absenteesm; and what does In s
took the rents OF property spent all
the money abroad. and nothing came back. Tie effect
country depOpGated from so01o0o to 100000 after
AMI Pennsylvania this Winter, II not in Massachusetts
All the Irish estates, pretty much. have gone through
produced matt All writer's political economy-even
the most ydrophoDlc Of gold .uat ~ w
that country s25O0OoO s25OOOON every year. when
was spent abroad We have Landlords living abroad
except the enriched bankers and capitalists. who 20
abroad bring their franks home. lLadghterl But
We nave our landlords in tue s1ape "f the 0ondnoder
abroad, to whom must pay every year sl50OCOO OF
interest The amount paid 10y Ireland was on dollar
ana ba per head or tht population; 11e amount Pdu
by US Is tFfee ana hall dollars mead. tnhA lndt,
resources.
stand II with every mill te WIN every snip tied up al
The wharf With transportation brought 10 such c0ndi
Iowa 70 the eaboard for the bushl of winch cost
% cents ID Iowa costs - when feed It 10 my horse on
Here We are in tdat condition OF things and we sim
ply asa, WHAT Not TO expand the currency not to ~
that tue Gov shall TO the poor man ana TO
all men. 'Wneuever You do not want to use youGs
money Will you 65 per cent interest for IT, and
IT," There Is IN iRato danger OF any sock to the bust
upes of e / observed
senuC national banks on this floor voted against ths
proposition when last before the House because
agree that II would cut into the deposits of the ma
uoual banks 10 not mean into their paper deposits
which are the result or discounts out lnto t1er aoua
deposits. Nv friend from Pennsylvania (ir. Kelley
however, las made proyis0n-opnpe lsatlou-fOr
these bonds to be kept IN the vaults OF the
National banks reserve, for they list good as
backs anu so much better as theV bear interest
When he doug tAat gentlemen here said to me,
"Wrat ADVANTAGE Will that he 70 the Government to
have u pay interest on tas reserves Of the oanksf
Thea dyan.a-e viii be ;Ais: Ia Order to DO that the
banks vii have 10 PAT greenulchs into he hands OF tue
bay gold or purchase bonds now out at or
ceui thus bringing down the rate 0i interest ana the
That have imre.icd me 10 This course, stead
ny, unwaverngy, and uuhinehmgiy. l know that
ton Of the country / am aware that stood alone
against all New-Engand voting for proposition
when il w.s up before. and Wa told that should
come uack here. did not much DOUBT that but
thought IN nv own MIND, 81 shall not stay at home
alone" Iau-nter The Republican party Is neid re
sponsla or tie distress tudt Las been brought upon
ita, IA party Of bOudhOlGcrs aud mOuopoists
The Republican party attracted true men
Of tie country when 1t started, because
1t started 10y bringing up Labor 1t commenced
citizenship. But and the ssues of the Govern
neu BROUGHT 10 the party tie capitalists OF Ae country
OF which the capitalists and at the foot
Tie negroes. with not much alE1tion between them
yerv Uncb The same condition Tue old Wing marty |
readers. capitalists OF tnat party, WHO would not
wouli EGl 20 'yf bringing ~ tie ia6orius men |
NHara
nud became leaders IN the Democratic party, and SO
tDatis party now with Old Mhig b'ndhOders for us
head and freshmen tail augnterl aud there rs
very little ahIa between head and tail either. We
have got mo tuIs aChoraI eoAuIOn OF tulns anu .e
tauy "a relieve country from It, distress to recover
its confidence, anu 70 snow thar the people are the
objects its If We fail DOW we fail forever. be-
party inaugurated lasts Tor generation
have now, Mr.. speaker, gwen YOU succinctly, not |
Celebrating them a; AL, my views Tue best evidence
eau OF ut their sincerity and OF the deep conviction
with witch LEY imprinted on my mind Is that l |
have yeuUrc4 - hVid Acn IL ms own section, where
tlcy az unpopular. aud yentuTed 70 90 so 10 my own
ilry ia Tie view those VINO think that pohucai LIE
Icruag minds Of those who hlnk thlt any Dls-
less j. uref Fable % politics certainly aaye tins gdln,
t.It hereafter can defend or prosecute the United
States 3 NV profession as IKE
ger listened 90 bv the members, many OF whom
Al lie c.cSa o. Mr. Buffers speech. Mr. KELLEY |
tkPi ma offered substitute ioT the second section Of
tie b. lruyrDns thdt tne secretary OF Tue Treasury
shall invest IS pr cent OF tie United saIes notes re-
Cclycd 10 exchange OF such convertible bonds IN the
purchase OK redemption OF any bonds outstanding at |
tie TINE o. the passage OF the act Or IL the purchase VI
20 wi'h which 10 redeem such Oouds
Mr. GARFIELD rep Onio). Chairman OF the Com |
mtee on Appropriations thought 1t idle to attempt to
discuss the oil unti II was printed, 30 That members
could u III detail But ne felt bound to say
j." words by way OF protest against Tue doctrines put
forth by the advocates OF the bill. viii do more
sSld he, tAln merely Indicate what my opinion is with
saitnC be grounds il. give 20 all other gentle
here what claim for myself-credt Tor the utmost
sincerity IN the views which they hold. The |
gentlemen VINO have spoken believe that a measure !
o. rms kind Is Tor me - good OF tae conn l
every and coot interest OF the people Of these
Unnea states not TO the Government alone but to the
ti0ycru4eut the cIT ifast, and most 81 al, TO the
tailoring interest For have given
n much of ruy time with what ability could. to the
study OF j, question as TO any other before Amcr
Fan people ald believe II IS clearly demonstrated
lhat Hrre We now 10 the par pointed
Ills bin and adYucaicd BIZ the gentlemen who have
addressed ihe House, that pain WOdd lead Us by |
puck and rapid grade downward to The most measure.
80 disaster wucu has befaen the business and
the prosperity OF the American people. do not pro- !
pose 10 give my reasons now but do |
propose to c.ii attention q 10 one or Two in
Inc OF ideas which hod ana that Wnch ned by the
gentlemen WhO have spoken. For instance the gentle
man Noui MdssdeLd sel's dI' bueII says ITuy that
man can borrow millions millions IN NewYolK today
he wants 10 borrow CALL bat that If he offer com
paper ana desire money for eight 10
"a mouths ne cannon Set except al large rate OF In
terc-t And then the gentleman gave reason which |
me is the most amazing reason that could be gwen.
The reason way money cannot Do so borrowed ue says
Thai men wAO have money are airad tDat Congress
President viii do u.
Nj BUILER-No did not say that; said they |
feared Congress going on Win the contraction
Of TIC CURRENCY. sad you never could resume.
MI. GARFiELD-Iu other words, capitalists who have |
money IN Their hands Will lend II for |
the legislation of Congress
make money better paid
back them. Now, who heard a like that
for anything the worlGi can understand that
precisely rs the OF the money |
lender. He declines put his money of his |
bands Tor number OF months, because |
OF MS fear Of lust such measures TINS tending
deprGcI4Ie the value Of his money, and provide
that 4 shall back into his hands worth far |
less than when 1t left him. The gentleman says |
That III MS state aud al the states the business of the
xrElVtrr harz