The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1874-02-19
the conditions and exigencies were or are

the same as ours
Mr. KELLEY. The gentleman ought
| to except Henry c. Carey's works on po
litical economy.
Mr. BUNDY. Not single standard
book in the schools, so far as l know,
takes the right ground on this subject
because they have not admitted Mr..
| Carey yet, and they will not as long as
| they keep Adam Smith and Ricardo, and
such works. l know but one professor
in all the colleges of this country who
seems to stand in the right position. He
uses one of the common textbooks in his
| classes, but at the same time thlls his
| students all the while that its theories
are all wrong, as applicable to our coun-
| try. l mean DR.. L. D. McCabe of Dele
ware, Ohio. The current theories on
| this subject have been put forth and ad-
vocated by men who have written in the
interests of the upper classes, so to speak.
And, sir, how many volunteers we have
coming now to Washington, and going
before the Committee on Ways and
Means, or the Committee on Banking
| and Currency, to tell them what ought
to be done about this thing. The other
day a gentleman from my own State had
an audience before the committee and
gave it as his opinion that there ought to
be contraction. This gentleman came
all the way from Cincinnati to tell the
! Committee on Banking and Currency
that the true policy is to contract and
get back to specie payments. Well, whom
did he represent? He represented Third
street. 1t is an easy thing for him to
come here and tell the Committee on
Banking and Currency that they should
do that which if done, would not only
destroy the business interests of the
country but would multiply the paupers
among us indefinitely.
Such men come here and appear before
our committees. But do you see here
delegates from the mines or from the
farms of the West? Are there here any
representatives of those who dig in the
soil or work under ground? Oh, no ;
they have no money; they cannot come.
Are there deputations here from the one
hundred and ten thousand men who are
out of employment in the city of New
York? Here and at the other end of
the Capitol you will see fat sleek gentle
men telling us what we ought to do
about this question of banking and
currency. Do you see any dep
utations here from the far West,
where their corn is burned as
fuel because it will not bear the cost of
transportation to the sea-board? No, sir :;
for they have not the money to spare
upon which to come and they have no
railroad passes. They are not here in
force or out of force. Mr.. Speaker, l
think the aphorism of Bacon has been
very strangely perverted in this country;
instead of knowledge being power, money
is power
In such season of panic as we have had
since September, $4,000 could set in
motion more machinery and appliance to
affect the public or legislative minds on
the subject of the finances than 81 ,000,-
600 worth of other property would ac-
complish in the same time.
Money can and does establish news
papers and hires correspondents to fill
them with communications in its inter
est; writes and publishes pamphlets, and
! sends lobbyists to the seats of the law
making power, thereby creating and
crystalizing the most potent influences
| before other and more cumbrous prop
erty can move in the direction of its own
interests. l do not complain of this,
only referring to the difference in the
capabilities of the two elements as facts.
! Now, l would not antagonize capital
and labor They ought not to be antag-
onized. Capital and production must not
be antagonized, and will not be unless
the indiscreet friends of capital cause it
to be done. Give each of them a fair
chance. That is my position. Give us
Of the West, and of the South and the
Southwest, and the Northwest an equal
/ chance with the East and the Middle
! States. Why, sir, I had some curiosity
to analyze the vote given last Monday on
diana, Mr.. Wilson, and the result of
| fha ic ho
Eastern States come in as a solid mass
against the resolution; two thirds of all
the Middle States also were against it
| but when you come to the South, the
| Southwest, the West, and the Northwest
you find that of the 135 votes for the res
olution, III were cast by them, leaving
only Is yeas from the Eastern and Mid
die States, Is of which were from Penn
sylvania, 8 from New York, l from New
Jersey, and l from Delaware l will fur
nish the resolution referred to, the votes
thereon, showing the yeas and nays, the
number of those not voting, and States to
which they belong together with the
vote as recorded in the journal of the
House:
Mr.. WILSON, of Indiana. L move that the
rules be suspended, and that the preamble and
resolutions which 1 send to the desk to be
adopted.
The Clerk read as follows:
'Whereas, by reason of the present monetary
stringency and the insufhciency in the amount
OF circulating medium the industries and COM
mercial affairs of the country have been greatly
depressed; and whereas, by reason of said
stringency the revenues of the Government
| have been largely diminished, in consequence
| whereof Congress has been asked to increase
taxation to the amount of S420O0,000; and
! whereas, until the recent panic, the revenue:
| were ample to meet the current expenses of the
Resoired, That instead of Ievying additional
| taxes the true policy lies in the enactment o
such law or laws as will relieve such strin-
| gency and supply the means necessary to the
| business wants ofth country,by increasing the
circulating medium, thereby reviving business
| increasing revenues, and thus avoiding the
necessity of increasing the present rates of tax
alton or duties, or the imposition of additional
'ResoLred That the Committee on Banking
and Currency be, and is hereby instructed tC
prepare and report to the House, without delay
a bill for the purpose in the first resolution eX.
pressed, and that said committee have leave tC
YEAS-Messrs. Adams, Albright, Arthur
Ashe, ,Averill Barber Barrere, Begole, Bell Berry
Brown, Buckner, Bundy, Burrows, R. r, Butler
Cobb, S. A. Cobb, Cobnrn, Comingo, Conger
field, Curtis, Danford, Davis, Dobbins, Donnan
cock, II. r. Harris, j. T. Harris, Harrison
Hatcher, Havens, j. B: HawIey, Hays; J. w
Hurlbut, Hyde, Jewett Kelley, klllmger
Knapp, Lamar, Lamison, Lawrence, Leach
hosgmhEf md MeTGa ho% ayMnf Mon
roe, Morey, Neel, Negley; Niblaek, Num- Orr Orr
Orth, Packard Packer, Page, l. {. Parker, Pei
ham, Perry, Phillips, Pratt Purman, Ransier
Rapier, Rawls, Ray, Richmond, Robbins, @ RuslS
| II. B. Sayler, Sener, Sessions, ShankS, Sheats
Sheldon Sherwood, L. ID. Shoemaker, Sioss,
A. smith, Southard, Spr3gue, SIanard' stone
| Strait trawbridge, Syphcr,T Taylor, Thorn
burg Todd, Tyner, Vance, Waddell, Wells
Whitehead, Whiteley; Whitthorne, 1ii ne Wm ;,l Wi
worth, j. D. Young and p. NJ, b. 9oung-l35.
NAYS-Me Messrs Albert, Archer, Banning, Bass
Beck Brombe1g, Buffinton, ,Burchard, Burleigh
} Caldwell Freeman Clarke, Clayton, Clymer