, 1874-03-05
CARL SEIZURES SPEECH.

CARL sCIIUIe2's SPEECH.
1rin Comparison OF tho United stntos
with England nnd ErnMcc--Thc PFes.
cnt Abundance uf Nancy In 0ltr B,ist-
llCNs-CUmtrcs.
In publishing Sot,ator Bchurz's greae speech
on tho currency question, Inst Monday, VIC wore
compelled, In consequence OF lnclt OF Hphco, to
omit certain portions OF 1t. Tho following pas
sago, not printed then, contains facts Of liz
torcst:
Lot us in this light compare England with tho
Unitol Satcs. III England, ma vol aa IN all
EyrYpean countries tbs nNmeer o. peraona , ro-
ccivi''g salaros and wages iH far groater IN pro.
portion than iu tho United states, and every
ono who Is acquainted with those countries
knows It.. T1,oro arc large armies t6croi Mlge
vato servants la ,nnoh larger tl,en horo Ihe 1,9
number Of operatives md daily lahorera is sts!s
Croator, Now, although tho population OF tho
United Kingdom Ia only 32, ,00o, O, w'lle otilh ls
obo yet tho number 81 Rersons fgee'vMg s
actually groator, mitch groator, IN Eng,ana than
hero md, although wnYos r,ilo higher lloro tian
tloy do thoro, yet think do not venture ln,lch
whom Tint tho ~ am1 N ,eb pla apra1 On
thau 1t In In tho United States. ,..-.-.
Dut tlcro is another point Of groetfmportanco.
The nu,uhor Of exchangoa and tho values in-
u.
fhcro finn in tho United Statcs, Wlcn YOU
comnaro Tho exports mud Imports of Great Britain
with those Of tho United BtateB, you will find
that tho former aro about threo times greater
than tho attor. But that docs not cover tho
caHo. Ag eycrybo{ly knows, England is, go to
speak, tho Clearing-House OF tho world. and
there aro probably moro balances Bottlel In
Eug1nnl than iu the roat of Europe put togothor.
III I'LL respucts,,, therefore,, where tho use q
I1ouoy ia actually rcuuired, TINT uso IL much
moro oxtouslycly roo,lircd in England tllan 1t is
in tho United States; and ii tlloro is 1argar
volume OF currency there, II is because tue very
naturo Of tho caae demands a much larger. VOL
.1mu; aud vet, nB we know, the volume of bank
ing currency has within tho Inst thirty years. 10
only not materially increased, hut il Las, tllinkt
cvn,, diminished.
Now 60 over to franco thoro tho army isstill,
fur grentor than III England tho navy auout the
gamo tho number OF porsoia receiving salaries
and wages still larger tAnn In England, n,,d, Of
couree, far creator tllan in tho United States.
As to the amount Of business transactod, il you
compare tho aggregate of imports aud exports
with ours, you will find tint tho aggroga.o
is about ono-lhrd larger. But, thon, sir there
il still another circumstance to bo takon into
consideration. In no country III Europe,
think, IL thoro s1nn9lor proportion of baiik-
iup fnciities than In Franco. Tho Clear
j,,r-1iot,so syston is unknown tlore,
md tho transncions carried on through
hills and checks nro moro limited
tinn u,,n in aAa anv otGnr country IN Woston,
Turouo. Rnt what Ia etilI moro imuortaut, thero
are no moro iuyotorato hoaydcrs Of money In the
world thnn tia Trench. IL no country will you
find so largo n numbor of ncoplo who will nut
rod nr silver in old boxes or oarthou pots under
{hnir hedH na in france. IN some pnrLs of FRANCE
Won can scarcely mako q peasapt taho a bnuk-
nvoIo hocnmsc l,a siilj tamnnhers thn ossionnfs
and 10 ronrnt ,yhnt anid before rront many
rntinrcs in Lrnnce nro nnDorc1 Will, lin oil as
s;onnfs to soryn to MI coming generations as
,yarnnr oynmnfo.
TIuH Il sonmn to mo tint tho comparieon bo-
iwccn thrse three cot,ntros complotoiv fails. be-
cn,1so ihn conditions Of busiuosn IN which t)1ey
nro baecd nrc cntirely dilrerent Tho true tcst
M ntntcJ It. stand. thorcforo absolutoly uuim.
nnoci,rd
Is,t I nm, mn, with fhc oasort;on tbnt In somo
ecctions nf Tia co,ntrv A scnroity of mouoy is
sometimes actually frit i,v leritimate b,,sinnss.
fl'hnt has unlonbtodly boon sn at certain periods
showed tlIo othor div hv nun1orona md innpar-
iii nar1set ronnrts flint in tho bnsinnas contros
ri fic cnnrtrv 1noncv il nj nrcscnt in nhun1nuce
II not IN ua,,nnynlnndnnco tThcro haa bnnn much
cxc;toj aon;rn,r al,out tl,is fant m tho pnrt of
ihn odvorntoa ~ i1}Intinn md atte,nnts woro
u,naa ~ donv Il ,,ut thn nv;dorco wnu an over-
wl,oi,nfnr Tint 1t nat rentlcmon tooe rof,,pe in
tho aaantnnilon fhnt t}ifs nhnn1anco or monov tn
tio si,, 49, cnnIroa n lin cnm,,trv wau n,yn1 to
Tic oxpa1laup Of tho currency by tho drafts flnt
have bccn nude upon tho $t:i, ,000. 600 resoryo
aud that assertion was nut forward in sonao-
y1at triumphant mailuer.
A single statomout will suffice to show the
fa{eity Of tuet assertion, On tho 18th OF Feb-
ruary. 1873 tho outstanding greenbaclss amount
Gu TO -+DU, ,Quu.IhlU OF WHICH, Ing QnDHH Ill EHH
L. kk.-rr rF ff1It Fr+T