Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1874-12-10

ABSTRACT OF THE VIEWS OF KELLEY, BUTLER,
GARFIELD, IN THE HOUSE, YESTERDAY.

AasruArr ov ruv r,r,v. ~,
aAnvr,n ~ nv uo,,s- I. .. sorLa"' AND
ooe'' ih"fh"p"s'
Judge houey SAD his bill proposed that when ,
any individual had money lying Idle. for which
he had no present nss In ,,;,h, ,o,,., :. .. a.,
f..ro.,... :. a., o. " ~ ' .
''o'"'H0"' ~ '"e ra'e o' '-oo per cent, recall
ing u, a. he might do from savings bank when
the time came for the use of the money Ito
claimed that the Government would thus get
about $500, 900 at that low rate Of interest
with which to redeem tho golj.bea,ing bonds
now held abroad that II would relieve the
Government Of it's foreign debt that il would
give increased value to tho greenbacls q. di,pinish
the demand for gold, and thereby remove the
disparity between them and gold II would
quicken every industry, aud restore confidence TO
the people,
8EERAL BUTLER
advocated the hill and cIa.,.3 t,rt IT, ,,,., D.,
accord with the nostinn .hici, il, %aa vi. ~ ~
ihe snbiect Tor many rears +, ~ . ma" ne.l VI
bropostjop TO allow c,.izuns 10 coma to tha ,ova
erument and saw. ave have taken vor ,'i nnov
and nav wa dc.ir, tba, yn,, ,yiii al 49,. a "u ~,
in,erast IN /. as mn u NV WI .. ,eaa' p"y US
va liza copntr,. .nma a 10 ' - n"se ~ v VIM.
shnt m NJ ra,i,,,sa IT, ~, .io' .ov what
mil in Mssssc,,,Sa,,uS VIII nG nouis % esery
we're 60, 900 men in Masssc6usetts ont ' of en-.
nl,yment ~ ono in Nax V"rL a,S ,.nnas y. W. -,
,hnu.ana, =; pa AZ wv A 9.a hnnuieus OF
60 .,,so W, WY h"u M p"r'-
ono c,ntI porror w W ~. V wan' y. 'uohey. any
cali NJ nav ni,,;nn, "" la a. ~. '' I'LL ~
coii.toraJs a. H., e. =. n. 1'ooee 70 uePosit
IN ass ia'' To- , uuv w NaI.eu hohey as DUG
no ro, a, ,a"' o ,i.n.i ',ow '" VI co'nIn r.ia,
rD,,p pnnn,,s.. =, =, - ., ~ AZ 70, GEM, Aha
md ,ha Eyacnt,o w.. aa,o,';,'a .,'". oon5ios
tbs cnrrency nnti, anec,o ns,.r,on, . ' .nnn
Int .nacia narn'an, 80 pas inu n war ,eaoheu
-. ga. to,,J1F ~ ~. ''',u u"u my oeeh a"u
psco yoi,,.'. 49,. "as aamasS uei'iso' put
n snn MI n,aro 1870 m1"' I'M sone 10 WI the SOONER
lnr 10 snecie yaueS cv,rv i,,eras, " T !. uo
that of Invested caotal Rssl est., a h,d h ea
hr,,,' ii, ana, i' MI w. n ~, ee,a'e pah oceh
.asIn.a,,. ,.a, a., A. W 70 per cent, III mas
10 tIir,, IT, ~, "ao - e."'., Hi!u !. Siica,
1nvor ,.,, - r, 49, 80, 'n' "ureeWu eaP"h
hoI thst danI,aii Ia, ,riaa was .nere my
he 49, Nv, go .. NC country was eaten
;n,,a, ~ .Hno han poieveu mat any lohest
nsin mara than sy ,,ar ,a,, W ~ w! man who
,ronou a. ,.aa 70 20 , Se- iof .he ure OF MS
press shnua nos. jau,, n,.;.. e"' I'i"' u Hoh'
The Lord n from Monrte S;' u'"ts Mnel
His chosen raonjo .na;un. '' 'Ieate.ee
40 illv tl,st Iow o,3 ",', elu'S' posueoeeuea
nynonvm Mar wnnIa ,nah H., 10" .oi.o 70 pe
money. Rnt no iBn,Iari ,n.., W. 'non. VI tneH
to imnresa on no UnnIo vi. H. ' ~, o.iuea'o'ue
should not be that condition Of law ana " ,,o,'
ernmept finance which msda ,ia a." w." " g1s-
WHY was il flat seven eish, m; a'",s tor''p'o
fifteen mar sent wa. nnS IA ihs ~ my ION, aAu
money. Il was because OF thn hs I r rs mse o.
terest paid by the (ioyerment III ,ras s o
ATTIC finance thar ,ororn,nan, an. ~ WIS aA'on-
wavs at flo Inw.st ra,a ~ ; ooouiies were al
government was al peace and ybsn orap' hs,i ~
had con fitence in its ability !, rs, its la
tons, The Goyernment ~; H., PIf,.i,i s 9, 90
WAS Landowner TO tile nmonnt of twant,,. era
hundred millions. at rates of Nv. a,J sis noa
cent. The neyt bc.t sornr,t, - az. . siN pc,
county bonds AMI tbay raj a., 80; 80 l
seven mar cent III. mn 10, ~ pas nN anu
road bonds-had 10 INV soven a,,5 ai,!I, MI VIZ.
cent, and, when Jusjncts and tha r,.k et r. -
ness come To he cnnaiier.I , .,b ,,sh " o9si,
nav .;yl,i al 49, -. 80. 80 LAY /"
sets, and ten, twelve fifteen. tsentv in
the business centres West. Therefore
wanted the Government to come into the mar
kst as borrower ut low rate of interest.
Ihen The next range would be nearer to it. and
so on uhtil all the rates of interest came down.
nv p,ocoeoeu 10 aiiaiyAe the CAUSES of The vari-
ons financial panic- in this country aud to show
mat tley arose from the fenture iii each instance
OF Trust company. As to the last panic. he said
.nne the failure OF Jay Cook 90. was not the
ea'ne 9i u, because every business man had dis
counted their failure six months before, Eyery-
pouy nhu known That the Northern Pacific Rail
road Company would SO through except tho few
oohnding readers Of religious newspapers who
read Tie advertisements OF JAY Cooke IL Co and
thought that they were true as the other parts
OF tlie papers. lLaugbterl And why had the
hust companies failedf Because they were
porrowers on call. They borrowed money at
Ionr per cent on calls and had TO lend 1t ont at
h'g 1ei rates, and when the call was made Ipon
them they could not call in their own loans fast
enough and they failed, and all confidence was
ioss Livery business ninn knew that he was
WorhihB over volcano. III the servant girls of
Maseachhset~ were TO call in their Wages that
they nave deposited IN the banks every business
man In Massachusetts would be bros EN-, He
could not stand the pressure one day--whonever
the servant girls make that call that moment the
Whole business of the country is entirely dis
honored. Would not any man ia ther have A 4 az
bond from the government than give his money
TO trust companies ut per cent I
MIR. aAnrtEtn
Relieved tbi. iii, ,,.,,,,,,, ,,,,,, .,
to eyerv graot "a ,aoed , ureiesf ef!is
~ ~ S ioa. az. boou interest OF the people
alone b,, ta H., ,''ses- not 10 the Government
ana 49,, D.' ~ Ihe upVeriheht the capitalists,
the ias, ~ ~ an " tne tutoring interest. For
what abiIitr ooll 80 u, s,,em ~ i'ct' 'iihe with
m' "a. apii'. coun 20 the study OF this question
ha vi Wy p'her peioro Tue American people, and
wa nn % ..a'' e,ea'is ue,hohstiated thaf We're
hi aJ w. .'',I' on ti,e pam pointed out IN this
addressed flo iJa '"o Nv" VI, s'n,,1neh VINO nave
a 1.. esseu tne house, that path would lead lis
80, :" ioh ani RAPID gfhde downward to the
f,ian tt'a h,a;,1 u'sasesI Which has ever be-
An,a,iaa e oia,neeh auu Tue prosperity OF the
Wn,r ~ feop,e.
this hin IL IL ~ rnt , 'e natnfe and effect of
ITnit.I $500 ~ P.'' .'e nh.le hliahces OF The
whic,, tta ,a,,n ~ J"n' suon position as that III
leri ;o,r,,s .i ~ nun massachusetts, HUT
say ,lat ali ~ Sno anars 81 nie OWE St'te. To
mani nn" ~ ,e"t opleatlohs OF TINS govern
that th.re ,nar In a - ~ '"u W say
aIono 30 ~ ", IN 10 rush, NOT Oh servant girls
d,i, 5ue oi all inc specnatofs IN the land, to
.ero5 n $3.50 'oin sseenpaeks Tor bonds dely-
NJ ao y, .hore pohus Tor greehbaeks delivered.
Nav Val, y, ttif ereat volumes OF money which
~ IanI IN oapaiists hod To-day, and are willing
snys ,rnn,d per uent. OF, cal, az the gentleman
1nor,, np t, pe eIt 10 Inc Government ut 1865
nara a,,s a,iies Wheh 1t was not required FOR
wal NV '', use.
w.ah 70 ,, p.ospect VI p1ihB called on the next
reGns "s, 'nJie 'iian What they got for it IN
net cnrraion MnIn :. Mas presented 10 them to
~ currency again. this If a proposition to the .
tha If;,"S s,,eie Us iiii III The business Of
80 S"i,oa ptateS, 30 tlht 1t low mIlOnH "A