New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-09-14
GENERAL POLITICAL NEWS


70 be well for the nation also seemed TO be best for
my section. The bill Did not commend itself 30
my own Judgment The free banking feature seemed
sec how the scarcity OF money will be relieved In gwen
section by allowing bank to be established by deposit
Ing bonds costing 1T the dollar to power
70 issue currency up 10 DO cent IN other words
how currency be increased IN given sense to the
people BY deposng so for the privilege Of issuing So
although the bank gets interest it, bonds and
rency both doubted, ana still doubt whether, under
would flow from the East the West and South 90
tablish their baaks there with the limited privileges
all these disadyantages. supported the bin, and
did what I might that IL should become law
90 that the action OF Congress upon financial questions
might settled and the business OF the country might
start again n the spriag upon such basis ana hope Oh
present extension of the currency with future coa-
traction. thought this extension, by relieving the
tend to reyiya 81 business enterprises while the pros
pectye contraction would give surety 10 the holders OF
vafuabIs 5y anV proposed expansion. wish TO say
hera I'd now that that Dill not my OIL, IL was not
one tina, would have framed. II was not One that
comu snts Judgment But looked upon It the
best thing ~ mi y. a. g under the circumstances
rvvrr-r nr r,.- PRESIDENTS VETO.
The President, yielding 70 '' p''''uo an. "s ~,
ments Of the bankers OF the eodn'r,. ''Oou '"o
That veto, thought then and think now, "' n''
take, but because OF 1t reason why l -
make war upon the Republican party or the Repabisah
Administration. The effect OF the veto was that the
there was revival. A subsequent financial measure
was passed which differed from the other in that It
provides as interpret It, for present contraction with
future Initiation. AT any rate 1t has given no financial
rse ana there has been revival OF business because
OF IL or under it. and predicted that for the year
1878 there was business prospect for the country and
To-Day your mills ara ide real estate IN the city OF Bo
Ton Is ten TO fifteen per cent lower than 1t year
ago In the same situaons stores aud business offices
are unoccupfed the manufacturing interest in
tnls otate-shoe aud ieaher-ls mneh aepressesf the
wooden and cotton interests are crippled thousands %
workmen out OF employment and ABOUT the
streets Idle and winter Is coming on: Could anything
happen worse from any possible imitation on the curren
distress, an TINS rum are we one cent nearer
specie values than We were year ago to-day
man believe that the way TO bring up the currency
OIL the country In value so that both may come TO
specie standard, Is to cripple the resources OF the
eountri sagnate ia business, and have its LABOR idef
For one. do not Nothing could have been more dis
astrOu upon the interests OF NeAEngand in Congress
than this banding together OF her under
tue fear by many OF them that they would be broken
home sentiments as represented by the press That
throwing herself in the face OF the great West by what
tional strife in Congress which will surely break OUT,
than has existed there since the North and South divided
on Tue Question or Slavery Toe effect OF that vote OF
The Aen -Elgland delegation was immediately seen.
have said to you that there came into my charge
money was TO go-some SIS OOcOO0-to New-England
and New York TO the East and not to the West, and
money the Treasury aud distribute the ship
owners ana capitalists OF New England while the West
paying the from the sale OF our prOduetsP
And leading Republican from Wisconsin made
speech against the distribution OF the money based ON
this idea year ago he voted for the bill. With pain,
but not with astOuishment L saw a vote. very re-
spectacle In point OF numbers against the distribution
that award all TO the actual uninsured losses
by the depredaOns OF tie Alabama, ana was CAD 10
accept of any compromise by which an act cOu d be
passed 10 distribute portion OF It under the law, so
that precedent set that might save the rest Of IL
10 those Justly entitled % IL who suffered loss in their
commerce upon The nigh seas, and here declare my
voted win the majority Of delegt
ton the question OF hnance, should nave been
DoyNrr N my ahyO
ton OF the Alabama Gains, aud you fishermen OF
Gloucester who by TacOny ana Florida, who had
your vessels burned almost in sgn OF your harDOr, VINO
receive JUS. remuneration for your great
LOSSES you would have Obliged put your losses
with those your fathers In the French SpOliaons
Claims," which will yer never, in my Judgment, be
paid and certainly they will NOT II the Representatives
O Massachusetts, choose themselves up III body
upon ali questions against the political power OF the
West