New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-09
Mr.. KELIEY-uls not sixty millions of gold, but of


Mr.. G1RFIELD-I have but few words more to say.
We have been going through great struggle, that
began when the broke out, and has Vet ended
We passed from the level of peace up to the turbulent
and stormy nights OF war; and as dire necessity, not
matter OF statesmanshp for peace. but as terrible
and fell necessity OF war, we issued s35ooOWO OF
paper as forced loan. with the iu purpose
OF all thoughtful statesmen OF that time, to
take 1t mp at tho earliest possible moment and
restore the Government to the money standard
Of the Constitution. We went up booming in those DAYS
increase and initiation, aud as in such times all bust
IL very hard. We have been coming down through
great fluctuations, DISTRESS and panic. nd hard times,
values. The gentleman from NJ ,sslchusetts (MT Bat
le saws there mas been Is cent OF shrinkage In
been great shrinkage everywhere. and now. when we
are almost down to solid ground and honest
is. that we cut loose for ever. l say
forever in the sense rne gentleman from
Mr. Butler used it-irom the Old tradition values OF
our money and 20 off Eating, balloonins diving WIN
nst scheme that proposes To send tins country
back again uo the clous ana darkness through which
we have come in our financial affairs. IT There
was ever time when American statesmansh'P
needed courage and sei,ienalntnat seiide1.
ana expansion, and resist ali shams that
honest industries and honest resuts-that time
In my Judgment this country owes a debt OF gratitude
their that subject and believe thoy will
classes of the people in this country without distinction
of party. that snail not mistake effects for
causes. 1 am amazed at gentlem who say that the
cause Of our disaster is Lack of currency aud that
more currency the remedy. On the contrary. 1t is
clear to that OF the prime causes or our disaster
has been our unsettled unsteady hlctuating values,
and the remedy for all Is 10 reach solid ground
Mr.. DAWES (Rep, Mass.), Chairman OF the Committee
ouse had gone into committee NOT Tor the purpose OF
prec paiing this debate the country but for the
purpose OF addressing itself to current business Yet,
SAID he. do know that that we have come
the subject which rises above all othets III
Importance and presses than other for
shall myself SO Tar as L can can enaeny1l
Of this question until they announce 70 the conn
try settled policy upon it, and desire, therefore,
the morrow IL II be convenient To this debate,
not simply for the purpose OF lndulging IN debate IN
general patitudes or enuncatons oil principles Oul LOT
the purpose OF applying ourselves % the solution OF
this whole question. The Government OF tha United
states has $3.50 OOCOO its promises adOat IN the land
No other nation has the like. This nation IN no
atiln. The difficulties that beset labor and
capital solely from the depreciation OF
tins ss1 900 of promises They are the promises OF
and that measure alone VIII bring the rehef 10 TINS
country which viii make them On par win the money
the civilized world. We need not address ourselves
TO any collateral issue. discuss other elemental
principles. WHAT policy IA Il that Will make these
promises equal TO the money OF the wordf Ihey are the
promises Of sthe Government IC Is the Government
tnat has depreciated ITS own promises
Mr.. COX Dem, " ~ deprecated tho renewal OF
this financial discussion as necessarily trnt SIS
We know, said he, that no results VIII nov
from it except those fluctuations in business
which are sure 10 follow such Congressional agitation
The solid people the business men, the merchants anu
do not expect legislation from THIS session.
IL would bo wise, If decOrOus. to allow the popular
party, when in power, u settle TINS question II ihey
can. Business II revvlng, viii feel blow from TINS
discussion OF tue subject Spectators thrive On thcse
deOates We Know the Senate VIII not
pass measure and the House should not, and If 1t
were passed the President would veto 10.
Mr.. KELLEY rose to a point Of order and protested
against attempt 10 OVerawe the House by threats OI
what the senate or the President wOGid do.
Mr. DAWES insisted on his motion that the Committee
rise.
Mr. COX-This is the dying kick Of dying party.
[Laughtorl
Tno Committee then rose the bill was ordered 10 be
printed, and the House adjourned At 3:45 ,. u.