Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-05-09

That they who agreed with him and
loved him should moarn the loss OF a
leader is natural That the race which
his labors, more than any other, rescued
from the woe Of slavery should mourn
him, is the instinct of gratitude But
that a representative of the oligarchy
his tremendous invective had bruised TO
death should come to east upon his bier
a garland Of lilies and laurels-this is the
crown of all honors, the seal of all vic
tories. The manner Of the act COM
ported with its magnanimous spirit.
There Is no sentence In Mr.. Lamar's
speech that breathes of any motive in
consistent with chivalrous honor. The
pathOs of it is its sincerity. 1t tcontains no
lament for the irrevocable past. 1t is in
stinet with the patriots pride and faith.
In the remarkable passage concerning
Senator Summers battle-fisg resolution,
he exhibits charity and nobleness that
we shall not justly appreciate unless we
can imagine ourselves In the position of
the vsnguished. 1t is no 6isparagement
to any one TO say that Mr.. Lamar's
speech is the most significant and hope
full utteranee that has been heard from
the south since the war. Were the north
assured that such a temper prevails
throughout that section, our reconeilia-
ton would lack no element Of complete
ness. We should speedily be knit to-
gether in mutual sympathy, and, forget
ting the things which are behind, would
press forward to the duties of the future
with common aspiration and an invinci-
bic confidence.
THE FINANCIAL CoNUNDRUM.
From the Cincinnati Enquirerl
WASHINGTON, d. c., May 4.-The
excitement on the currency question has
somewhat subsidized, but the interest in
the subject among members is in no
degree diminished. The Republicans
seem to be gravitating toward a scheme
which will extend the power and ciFcu-
lation of the national banks at the cost
of a sharp contraction Of the greenback
circulation some years from now. Their
aim, evidently, is to restore the breach
with the President, and to ease UP the
currency in time for the fall elections,
ne matter what trouble to the people
may come hereafter. The Democrats
from the west and south regard such
plan unfavorably, and are not disposed
to agree to any reduction Of the legal
tenders. They will unite with the Re-
publicans TO pass any measure of perma-
nent and substantial relief, but will not
vote for anything that falls short of this
end. 1t looks as if, with Grants vote in
the way, and this division of opinion in
congress, the result would be no legisla-
ton of any value at this session. The
eastern advocates of the New
England bank monopoly have been
forced to the point where they
professed willingness to give up twenty
Of afr let 70
States having less than their proper
quota. The western members, however,
insist that New England and the middle
States shall surrender all their excess,
which is about eighty million, to the
States of the south and west, which are
deficient in circulation. Under this ar
rangement the southern States and
southwestern, including Kentucky and
Missouri, would get fifty-One million
lightweight thousand nine hundred and
three dollars, the northwest twenty-One
million four hundred and twenty-three
thousand eight hundred and elven dol
lars, and the Pacific coast and Terrific
ries about seven million six hundred
and twenty-five thousand five hundred
and eighty-siX dollars. Mr.. Southard,
of Ohio, deserves credit for offering to-
day a resolution reciting these facts Of
inequality, and directing the committee
on banking and currency to report a bill
TO secure new apportionment of cur
rency according to wealth and pOpula-
ton. This resolution was passed by
two-thirds vote. Mr. Kasson also en-
deavored to get through his bill provid-
ing for 8 redistribution Of twenty-five
million dollars, but as this did not go
far enough, the majority preferred to ad-
journ without action upon it.