The New York herald., 1875-09-24
THE INFLATIONISTS.
A Broad Farce in the Cooper
Union Theatre.
CONSPICUOUS ABSENCES.
Ben Buffers Policy Inter
preted by 4 Crane.

York in order 10 indorse 10 was given out, the re-
cent action Of the naaonists ofOho and Pennsylvania
The attendance unusually arge-n fact, the vast
hall was literally packed with people This, however
may be accounted for from the fact that the managers
of the affair had publicly announced that Benjamin f.
Buter would speak the great question-he was how
ever. not present-and, furthermore, by the tactics
pursued in sending tickets Of admission to every work
shop and factory throughout the city leading the
employes therein believe that the proceedings
10 take the form Of lecture entertainment
of a select nature. Whoever came with eye to fun
had plenty oft The proceedings made up Of the
most thorough going broadest frces witnessed in
New York city and it is safe to say that none but a
New York audience could have appreciated as it de-
served such arrago Of nonsense that launched at
them during at least the first two hours after the
opening address.
The meeting was called to order by Mr. William
Laor. who nominated Mr. Richard schell as the
chairman Of the meeting in the absence Of Mr. Peter
Cooper who had been booked to preside. This
carried nem con- as a matter of course. As the vote
was being taken the venerable founder Of the institute
within whose walls the proceedings going forward
came on the platform and was received with round of
cheers
Mr. Theodore E. Tomnson then came to the front
and delivered short Introductory address in which he
argued that money had real existence, but was
simply an invention Of the governments and instru-
ment to indicate value, being valued not alone by
material but by moral standard He thought that the
amount Of money should be regulated by the people
exclusively and that bankers useless class in the
body polite When the United States issued its
Tency the world knew it irredeemable and per
formed promise at the moment Of its utterancc by
doing Office of dollar in gold silver nickle. He
continued:-It is said money is a rag; behind it
mountains and our mines
EDWARD CRANE
Of Detroit, Mich who had been specially recommended
by b r. Butler then came forward and delivered
long address with great vigor Of and gesture
Beginning with the foundation of the institute by Peter
Cooper he proceeded to talk about reconstruction,
steam, Daniel Webster, telegraphy, the Post Office at
Boston, the putting Of beams under the floor Of
the Sub-Treasury building and Daniel Webster again.
who on one occasion badly beat the speaker and on
another grappled with bank which eventually
"broke'' under the pressure Of Old Hickory.
Warming up his work, the speaker spread his
eagle wings and scared into the blue empyrean Of
general literature science art politics. public ethics
and the great and unbounded space of the science Of
things in general Every other sentence was wound
up with the question ''Where nowg" at the
same time striking attitude strongly suggestive ofthe
laAe IAN BIyaub IN one Ol MS celcDraJeQ stump
speeches After forty minutes OF this sort Of thing the
audience became restve, and began applaud de-
rsively and stamp their feet The speaker took it in
good part and continued ask Where are we nowY 20
"What for ?" and "And So why notY" without the
slightest attempt to answer any OF these questions,
until he finally laughed of the platform by the
indignant though intensely amused audience.
AT this point the secretary came forward and read
long list OF vice presidents Of the meeting, not one
tenth Of whom were present and also a list
of secretaries, who, like the proposed vice pres
dents, were mostly unknown % fame With
the iorcible manner peculiar to the chairman
the question put TO the meeting TO whether these
gentlemen should be elected 20 the Offices for which
they proposed few Of the audience answered
Aye, and the chairman in order to prevent any dis
pute declared them elected without even caring to as
certain if there any dissentient voices OF which,
il may be mentioned, there were a majority.
The following resolutions then read in grand
Eloquent style by Mr. Tomlnson, and on the
principle before they we're declared carried by the
CHAIR
Resolved That the traction the currency heretofore
the forced RESUMPTION Of specie payment has already
brought disaster 20 the o. me country ana threatens
genera D@nSrupey ne aeed that tins policy be aDan
doned and that the volume Of currency be made and kept
tenders 10 gold 70 be brought about by promoting The
inaustes o. & the people ana not by destToying them
legal tenders and giving national banks the power
dangerous monopoly, and the enormous burdens op
Sman9 a f B naaa ana Gs san WE tn posy ana
and permanently retired and legal tenders be issued in their
paSc
Resolved That Che public interest demands that the
t liS IL u ~, i iSe ~ uscreit s own currency ana
except where respect for the obligations Of requires
one half Of the customs in legal tenders.
Resolved That we demand The extinction Of the present
system Of free banks deposit such
paper currency except such may ssued directly by
and upon the ra 1aih 40 Of the general government
democratic party Of the West and that hail their
the triumph Of the people oyerthe monopoly which threat
ems the safety OF the country
Resolved That recommend the electors throughout the
form legal tender ubs in conformity with the resolutions
adopted by this meeting TO give strength to the great demo
canvass.
The banl then struck up a popular air Frequent
cries given for "Butlerl Butler Butler !" which
were only silenced by Mr. Tominson coming forward
and stating that the gentleman had failed to put in an
The Secretary again came forward and read the fol
lowing letter.
LETTER FROM WENDELL PHILLIPS
22D SEPTEMBER, 1875.
DEAR SIR am exceedingly sorry / cunnot be with
you tomorrow evening. The times are very grave We
are calling down on our heads the storm that desOlaed
England from ls2O to 1880 Tho press and our leading
politicians either do not know determined 10
conceal the lessons OF that bitter experience and
called political economists babbe doctrines that least
half Of the EDglish writers repudated twenty years
ago Every newspaper exhausts itself praising
Pees Bullion act But listen 20 what GTeve GIcnyille
IN his lately published Journals Of George ~ and
William w., =" vol 2, p 145;-"n We look back
through tho long course Of Pees life and inquire what
have been the great political measures with which his
name Is particularly connected shall ind, hrs the
return 10 cash payments which almost everybody now
agrees iatal mistake though il would not be fair
t0 visit him with extraordinary censure for measure
which sanctioned by almost all the great financial
authorities y
Greuvillc was tho familiar and intimate conldant Of
o the English statesmen, and his statement Of their
opinions may be safely relied on While all our editors
o praslng Peels policy and urging Us 10 follow IN
hia steps English statesmen are Offering excuses for
those very stops begging not not % vist him with
extraordinary censure for them, and coniessing that
they were "a fatal mistake "
Arc VIC never % take warning by other mistakes
Arc our leading men ignorant or are they Intentionally
misleading The nation and using 10 for their selfish pur
pose Yours respectfully, WENDELL PHILLIPS.
AIR. =. BEgHE
LETTER FROM T. PfoLLEr.
NfsoPt Bradford County. Pa. sept 20. 1875.
DEAR elh-fOur esteemed favor Of the l4th inst.
wiling me- az the instance Of your Legal Tender Club
PRESIDE az meeting 90 DE holden at Cooper institute,
New YORK on the evening Of September % came into
my hands on saturday evening on my return after a
weeks absence
Previous 70 my nomination by the Pennsylvania
Democratic state Convention as candidate for State