New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-08

m little are the mercantile interests In want OF money
one dollar to the collateral in the pocket books Of the
credit win not wai-st and the Produce Exchange
swallow the whole Of IT up in TO- 20 or 80 days advance
What the country is demanding through ITS Chambers
OF Commerce and Its Boards OF Trade from one end 70
the other and what the laborng classes demanding
as yet in feeble tones is not quantity but quality, not
bulk but klnd No measure like this, which, as the
shekei great and fasifying the balances by deceit will
last We must build by the plumb line of right -.
the tariff and is connection with irredeemabe paper
currency As the due in gold, MI Speaker,
hes 'V Which come in competition With those pro-
duced here should be enhanced in price as well yell
DUTY as ' the price paid for the foreign product,
The hundreds of millions which. since our bad paper
money has been thus paid by the poor laDorer anu IN
last Fan that, taking the imposts for the past
-four Se years EeGSo and ho sVera gsy and
10 buy gold 20 pay for our imposts ana customs
commodities importedas tribute to Administrative stu
pdity and Congressional sedshness they paid IS 80
per capita because did not make our standard that o
the world. the Constitution. and the Almighty.
In conclusion Mr.. Cox said; There is no compromise
in this matter You cannot reach specie except you
bring the currency down TO smaller sum Your hsea
Halifaxes may howl for gradual contraction or
this situation even IL through sacrifice, is to be
reached by graspDg the principles when experience
political ethicsi Is there no commercial and public
honor left VIII opinion of the world register our
votes here to deny our lust promises 70 pay "
praise or condemn Is credit nothingt a.,
There is only way, Mr.. Speaker to retrieve the
TO all properties their legitimate value, to furnish new
aud safe both 20 trade, agriculture and com
merce to keep sacred the provisions OF our oOnS
tons and that return to the constitutional con- as
the basis standard of all wages and values Public
debts are not blessings; nor are panics, as the
President said they were, blessings IN disguise
They invite 70 prodgay tney aeTGy tOe p@oG nar
its conscience, they lay the foundations WheIeOn i
providence selshness, and seoundreiism build 10 the
general hurt More precious than gold ruOies Is the
stainless name OF q nation Since our civil war ana
its demoralizng tendencies we have enough 10
depends on the Observance OF obligations well
as upon the avoidance of sectional aspetes and Official
prostitution In such times the metainc currency py
reason intrinsic value becomes OF moral yaiue
excessive require more than ever sanitary oheck
ana IL duty of tho state 10 guard against the
mercenary elements which sap the foundations OIL social
honesty and order. -
Gentlemen are familiar with Pope's Essay on
Man. Read the opening OF his third epistie. Why
did Heaven hide the shining mischei uRderground
He does not give the answer In fuii nor the
answer of the economist. 1t was not hidden
merely because the sunny metal entered into fraud
as we'll into Injuries; because IL enlarSes
sphere of lust and hires the assassin lures the pirate
sand corrupts the friend, or6es senate and betrays
land that the captve Cleopatra should wear IL IN
chains that Judas should sell his Master not
because 1t plays its part Ashantee subsidies or IN Wall
ST. gambling Dourses not because 1t is the token Tor
those values which give luxury its cup and go
ciety its surfeit. Heaven hld it in the earth to
be delved after, 10 make II precious, steadily
precious to be stamped and milled, measure and
standard 10 help interchange of men i'll their inter
dependence ON another. No wonder the same
satirst drawing from cotempOraneous politics. and
seeing the future If it were before him IN Merns
magic mirror bus sarcastic Denedlclon TO the In
fatlonists of his ana our time
Blest paper credit Last sad best supply
To lend corruption lighter wings 70 fyl
For one Will by no ada 10 the scandalous prod
igality OF the times By no vote will l add another
feather TO the wing of paper credit Rather let us strip
the plumage from these airy Prescriptions and fix
future on the solid foundations OF public credit and the
obligations Of commercial honor.
Mi MONROE favored free banking because It would
abolish an unpopular monopoly, would equaize the
currency woulc the demands OF the people, and
would enlarge the volume or currency 20 an extent
that would be geTous that would Increase prices
He believed gold TO be the proper standard OF value
hut thought would be runOus 10 attempt to return to
specie payments at present.
MI ORTIZ advocated the duty Of Congress to provide
q currency Of uniform legal value, OF undouDed seCu
rtv and OF sufficient volume To meet the varied de-
Of the people. He argued that the national BANK
ing system its present restricted basis was monop
oily and hence objectionable and besides hat IL Gd not
furnish a redeemable currency their bills being
based on faith of the Government; that the only
mode whereby the people can obtain such currency OF
undouDted and value is by Congress issuing
Government currency or greenDacks that the supreme
Court has decided that it IS the duty Of Con
gress under the Constitution TO provide cur
Teucy for the people, and tnat such currency
can he made legal tender that the people need more
currency; that contraction would be TulnOus 10 the
business of the country and would never pay the Ma
tonal debt and that the amount OF currency can only
&c at tae close Of the discussion Mr. EIDREDGE Dem
WIS., brought up again question which he Started
last week as 10 the appointment two Of the Supreme
Court Justices order TO have decision IN favor OF
Inc constItutionality of the LegalTeDdeT act. He
siren gthened his position by to OF the
newspaper articles of the day and other matters
He was again replied TO by Mr.. r. X HOAX (Rep.,
Mas who stated the selection OF justices Strong
and Bradley had been made without any reference to
their opinions that subject, and had Oeen made on
The Office and that it was Islander impue their APP
pointment TO subservlency for particular Ques-
non or a particular interest.
The House then, at - o'clock, ADJOURNED