, 1875-08-14

II the cnunry hanka ns that Bste asctrtanrd mt In
fss J, . es a
n9 the discount on The tAnk taFes Of he country u
S,g s,s Y9,t. Ant !. l;t'. nd II n'mors Aus'
rrtc'steh from 10 10 er rent, and a ha said mas
tDs II hth't of banks c"n,lu I'd hpccse bs'la.
friend III his o!tire VIII Ut afforded the proof
.hst n.s ,'.ch ,snktnx :. he Is! dsse1cd had con.
ttnne't nnti1 1851. Thry tAlisa If thu Intervening
t~rHl, whrn tho friend wrns TO hA safe. and drew
forth n+Teral ut the beautiful
hpEctE-PAfis0 HoTEs or 1857.
Ihe; @ wsta ou Tie iatness' i'suk ot %heatfosd q l.
take ~las ,uu want" In les; ve the tHt of hat
,Is ,ina.s ono % Of lisa ditttns,I,. mad another
"f ls2s Tut nos In detail or rt,h A. understanding of
ryrtm hy wuud ca,.se the disappearance III time u
rftrl4 If lie earnings they ht With the
whdra~4 Of aiccIe to sataf1 tbs demands of cfe1-
ruE PYRAMID WOULD 7orpLz OVER.
It rond not 10 denied: Ens'and, be continued. had
The j1ht 10 tssu6 EU,500 0u Government credit,
They must ba redecmahle IN gol'. Iis Lad ucYe.
stated to the contrary thou9l. ho h. lee" credited
e right 10 lssuc pound for pa1'ud Of otes upnn tLe
gpd III lsnd. TAn bank va supposed ~ ireytnt any
undue eapant!'n; Ihs ctarstr 'r,, te',eL b. tY slr
uucat, ,13ut Notwithstanding. three sltA ths HustEu
tnent Ind bcen obliged 10
bY letting her uton 1uverninent credit isaus mara
nu.es gct spoc!s to flow III. but for this she
wpntl h.ve failed ie proposed q gis~ !he currency
yertttle botds. The speaker than rtferre.lt 10
HEHAron MOTION 4 CHARGE
That The! were attempting p ts-cs'a3'h ,e ea hant.
j. +. butler, md o'.,eEs. that they 1sr:
ss:Fns so .aEereau; e fP'sS f. se<'%s s o 4
banking tyste0i, showed that Mr.. Morson's ca',se
must 10 a bad ono when 10 had to resort tn snth
IN nj
Ohio that hc the noaker VA n.snsc on tbs suhjtet
Of p.g-ran :" 1b.nk ood +, saaa Mr.: K.!lry. ,1u
continual, @ Void nuke sreet raiis ffom thsr H oxa
p.oducts md rsttcrs fnr their magnificent buildings
IN easily ~ tlIeY could cothe hcn1styth in the vol
Q! their orn r*iHng and thoy would TO ac tn Do 10
becauhe their hnances werc tssed upon tho credit Ut
their enntrJ aud wurn protected from tho cAeap Iabor
VI foreign laborers.
WHY LII 1uE nArKH NOT nnEAx'
Tho certified clects In Now York IN l.7] sunk I, B.
and 10 IeT cent. In tl7l crihs ths PAPER dasr *ss
es on f's o c.tsnss
grcenbackr willing TO lose the spli neFest. Ih'Y
I'D this uosusa tse s1eenbaet w. lilo on1 sea! Ten.
dur i'r tho payment q dsbt; "len mAu hAd ths
grcenhack, no knew that he bad
soMgyuISo WITH WHICH TO rAY MS DEBTS
The gEcat vluc Of money Was tho fact that It must ~
taken for ebtA. Hence tho crsfh Of lb3 appreciated
DO Justice 10 tho bondholdtr. but. At The
sh' ha eleenbaei ts e'uu ws Acs xo seo musS
before. Had not all products Nd tallcn that they
could he purchased now fur half what they oncs cost
Tie RrteuErack tic rareat aud best monty III the
world since tic days Of Marco ro.n who In bis curl
volume, described nuch prosperity onrr to hare
l,a enjoyed for the paat fifteen years there do
ncFbed and 1t scen,ed 10 e the experience of eoun.
sry going through currency exreFauaeo ''nilaF to
The credit Of The Goyornntnt Was rsrortabe, and
in that fact aud t1s being legal tender Ma
THE nAsis OF iEs suPEEsoHlT1.
II was sa.d wo had too much uuney. Tllis VIVA not
SC, elttoug so1ns ne~'IaEcrs might ssy 70, Trey
might alnds TO large sums irng IL ihe hank. Of Sew
say that ths sreonbsck 10 upoaItcd lad ccased to
money. Money Was that which circulated IRON hand
to hand The niions 30 iocsoa np wers dead capital
that time comet II the law 70 b<
tn foreo Jsa. was to prevail, when the money "a.
ptopsst, Of LII liz tss.p.Jess of ths co eoaatry WY
shoul nen b foolish enough 10 lend oucy to men Il
Invest In : falling na1tct1 To long n
THE THREAT or RESUMPTION
hung oyar tho country pree. mutt 60 down. and nen
would hang Oh to their capital. II not money!
wss robued of ~ itA eharscttrss. enl vas no Ionst
WhAL should to done 10
| RESTORE THE CHAnAcTE1 or MONEY!
Thess W. n1t on "i1T'fS. tS. TIC iss Fe.smp =.
energy Of Chicago men would u Of no sTal TO saV
them from embarrassment. Some yearn ago be va
VA The s.ir Ut business. To-day i WAS hot 40. Ii
kaw few statoly buildings going UP, aud thcEe Wer
plenty Of 'ao.nt lots Which would rsn.u long ua'cz
Tho United st.tcs aorcrnment p1uFt be prepared t.
rodoem tho grseabaek aud tho naton' currency Ut III
sboat s12 no, Which lid 10. appear Largo sum !.
Eesu1no user So, ,coo,0o.
uus they said .hs Treasury wo''ld a! Up. Will.
there was but ooeth1d 8ops of tho lass fiscal year
found tnat the roveuus soud moi sustan ihe naelin
ery and II Immediately rssod tho tax on several eon
/ nltaat4ea; and Yct tho ruTenus fcu 0aow shat O.
| 1878.
THEIR nusT BE BoMt OTHER MEANS,
Treasury rcsume Il could no. prpparo for lint lay
dove!nasns % suck ths bood out e the A'ns.!ea.
3.tt-3hat would medt thu difficulty.
But II they got It Into tho Treasury,
now WE'VE TuET uoINa TO GET IT OUT?
Why, by tho aAma law tAAs rrsvtate1 tho SecrttAr!
frun .atlug ths gold out Of tho Treasury. except 81
provided. Why should tho Secretary If the Tscxatr,
whpu tho psoplu ware ready 10 lind lin. tho enpy
3.o3 per rent 4 business nau who wouti DO s.et
thing they would c.l n,.dtnsn, Public bud,ag
and with ebe money Of the Government. fnctsssaf
the Secretary should 20 into ths market aud nuy vol
aoaey ~ Il 10 s per cent 70 DO il Vic. These me,n
yss.' be !sisinias srsry N.lonsi p,nt n:,s ihnt
ever the number of notos 10 G4nk went tnwn 10 pu
thsy Should thsr bondA 4ent back and their sss,
t.uk on. senator Morton h.d .atI ta4t ths b.ns
nent boAds
pAcK To THE GOVERNMENT AGAIN N TAXES.
Hut, IL that no, why should tley tsx tlo pcoF
$1l603.0o = ycar for thsse banks To receive It Vt,
Iay It tack again hut II wa not taat tl,oy JAa
has much hset or ths .iata ast ot T. hus QUO ot g
fo, u ti4t 1t prnuiaed 70 rsy doll.r and did uc
s1r Kollsy aouFished greenback, aud said ho won!
noso promised TO- pay gold dollar. The u
,se'ne Court had decided that a. SO bill VI
! good for SO. How NaA II ltss Mr. Kelley showed
Hsul.notc. aud said that, however, was swcel, d
Iicious, aid P1ts Whyf Because tho peopIo We
taxpd to w. U00 to support 1t thosa editors wosshs
g. II thoae editors bad written Of the grcenilacl
during she war ~ they do now in bcualf u spo.l
| Stanton would h4vo
sRST T1iEN TO Pn1eot
by platoonH. The K1eenbAck waa tbs glory Of the hui
ceplusy. When tue peopls found that The Hrranh4.
coul4 ba suAle s!Ahle and 1t The sanls tnn hs4tb
corresponding 10 the wants Of trade, they would
tlsriT blessings upon the gseeublck. il woA!! bs
boni Of tho petpetulty Of Ihs Ua!nn aud ths III
Ii u the nation. lls huslsd into Henasur MorscI
teeth the declaration that It VISA hs aud uot W. VI
were preparing the way to recession by dcprisn8 4
| Houth aud NOssh OF tho bond OF Union.
Did any nsan eres !oae dollar by legal.tender1
: In II