, 1876-02-11

ao AsVt II FEtlcEks C3tlcu
upon 10 rush 10 ita advocacy III atfente. do not
doubt that, as VIZ ~ iorwur, may find many points
T. Ts s yse san IT h M h,s .
tenn VI banking Tits county has ever had, II
IL 1MNEAsuRAht.Y hurEitiOn;
AMI whoever Asks, tUMe DauOerA. now 10, fnr its
abolition with view Of Vt.,,ug bact any rJ.cn, 1t
State bAnk. Il bind escr; and very deep ditch Of
Aihorlsr aa disaster aw,its the followers, i the l'
u IL greatly TO 10 tlcpiorsd, Ms. Caa!ruAa, thai
m'ny candid 1uen have conceived tte notion that II
ispsnseti NH, md the @ e.fsnisna % n n H.ean Ie fur.
nlahcl ~ tho 0overunent irsuinI lexsl.tcnlor..
40 not rtor hrsc to srlue that Ibis wnn to ~ Fla-
on OF ths dovtsnnent pacp not 10 fsaue morn than
four hundred millions II its own tintr. merely re-
marx that thAt pledge H. binding In lIonor , legal
when that point Ia reached. there win In m tsttc a.
thasn will coEtainy bo n1 necessity tuf tao bhFufn-
Tic sssss anil to ny ,nn,, ,,aasweranls objcct!ou
10 tha scheme tbs, FLARES the c''srencJ wholly In
the lnwar aud un!ar thn dirocsan Of coaEress.
Euw, Congress has al1AJa bcen and always will be,
gnvrrncl by rstfan majority, representing cue OF
The potc.l parties ot sle country Hnl thu rrose-
hitting medium, tnstesI of hAvtnR 1.d, ,lrterrnMsto
character. shsll ba shiitcd and changed, a nanlpu
lated sreoraig 70 tAs supposed neoti. of .ste p.ry
til. American Csnktess s general character, It's rnr
sonae' "a ssops. its A7.il .ts towef Think GU ths
upright body Of men than II generally gets utrtit fnr
III tho country; hut at tho tinis, to-slhy
conceive gf 70 asaembaEe Of respectable Ren.lsnc Ia
MohE uTrrnLy UNfIrTEp
to detrrnne from TINS IL tins tIo amount Of rlrcnln
no boty or mon GUILD bs ,nttu.ied NTH nit powrr.
Even II vera possthc tn tsubt thcir Asckasto hsir
Integrity would 10 constantly under suspicion. t lhty
performed their duties with tho purity 0f angel Of
Light they coul not euccsafuly rersl those charges
which awaJs follow whore tho temptation to do wrou
IA powerful anu tho way rasT. Experience woul vary
icn,onstrate hss moro corrupt or corruptin9
device no wirr or nsts vieionary project, over en-
TIRED tho hra,u Of tho s;hen,sr or the cInplr!r:
t,f IN fLI1I la
and arsed tp shair interests aud could Sec tngs as
they sfe Instead Of slag .he power of Consress
caIa process, divorce tho two, completely and forover
AMI s can only 10 apno lually, odcctaallJ trureE-
1,EauMrT1oN or arEGiE PAYMENT.
Why, Mr.. Chairman, 1t II hardly uxagg .raiion 10
say that, slnce the Govel nu,ot Compelled 10
ss.ops . s IL sson
havol cen tho mott disturbing elements In tho husl
ness Of hs rouhs-y. II In lltersy truc thas no
lok. hopefully lu touttactiD, anil tp lowering Of
the gold psclunnI an'ther ~ rntHs nt,lts there is
W. Each nlrt Of course, cnsesyors 10 innn-
cnrn and couvinco Congrrsa. Hotl. stdos naturally
hare taeir .syn,pati!zlng advocates on thia Goos;
country kont fcveriah, doubtful, riHcnativo
stato Mems ntndn nrc s,lsnc from, honcat industry
suner. old fashioned integrity is iorguticn. anu poA
enduring prosperity, with honest gains and lurt
Acntmont, ia rendered Impossible. wo havo suEesoa
Esctsl under Tho circumstances: Int adopt thu
Insane idca that al currency shall he iasuod directly
by the Hosernmeht, and That COngrcss nh1 be tho
judge Of tho aulount demanded by tbs wants Of
trade" and you haya this country adrift, rudler-
less, on
SEA or TROUBLES, srtonEtEss AND aoUNDLEBs.
It IL singular circumstance, a1r. ChAlrlnan Of
tho,o old hsppenluEs sometimes brought about by
Political uMtntona-thas those who urge this schoMe
upon tlo Government arn Democrats. eYery pus Ut
miion wouf! dnmbtlesH ah1a, to b0 trus acInto OF
Andrew Jackson. And 81: all The evils Of which jack
with tho Uultod Ytales Iank arc thousand fold iuaE
nlel aud tllousand.fod aggravated III plan Of
making Tho Treasury Department Itself tho hanS, With
Congress for tho governing Uoard Of Directors.
commend TO gentlemen OF democratic nntaeeeents
fareful erhal Of jacksous YrcAt css,Rs Of Julv TO-
how they thiuk Jaeksun wuaa have regarded tho
tsbltmen. q ar@as @ national M pareE.mo1sy Iaaohlno
the bit[a nf which stla hhye provision for thcir
dcmption, anl the Atnouht OF toae bills 70 10 detor-
unet! ny majority vnss IN party caac''a.
Icon diligently porscd And inwnrdly dAeat- by tho
Dr'norr.ia sdsosatos Of irrelsemal'c 1.pet.u,osoy
w sss y ft aa,, m III 5
II 'a not, Indeed, nearly A. thu difference Of fine
aud crcu,nstauces Will lernit, such system Of bant-
Ing Al
JACKSON INDIRECTLY COMMENDED,
aud - ho protcs'ed himself ready 70 submit plan
for II Congress- should desiro ~ DiselaisuiMg
so 10 % aiad lHfer 70 a.s d. Present + .5sts s in
ali S i ,ss saoo Il I. q ynsa tnas
innocent third party, tho iholder tho over hav-
Ing io.. dollar by iie bills Of Ns!o pauku during
!s:ss 70 y, ;ie HsSes j. S', IT,! X
universal credit attached to ,Ia bills,
saving the PEOPLE all los.cs fro1a exchange dis
yFs;H p'yt y Is .ss rsas Sn o
lx#lsors; y in a strsush mud solveuay II time Of
u.netal disaster; 4 N a sbjeet!on To taxation, both
ftnt~ GtNfnS S11tt,
tetaedly ya heavier tak than any othur srutdns Of
rroper;y; Il In its capacity to measure, by tie IN
snn's ot Or csrcaI.on M re1rsd y so ~ "uans s''ss ~
trsdc,"-1 would bs glaa, rereat 70 ask nuy Demo.
cratic opponens Of H. syaeu! 4 doen no.. In oach
hnk ~ fofeshndowed by Jaekaon; aud II It docs not
indeed,
ran TRANSCEND ANT lpKAt ,Acxsos HAD
In IT, freedom for al! to engage III it. In its absolute
hocur!ty to tho public. aud III is tingalar adaptation
~ net regulator Of tho currency preventing un-
iialliug certainly, ad adjusting Itself ii ones 10 Ito
tkcct-staHlarh whichever tho QoTernment shsll paca
fta own notes at rar with coIn
IL IL urged y tho OppOnrnta Of the banking systena
that the three hundred sud twenty million. ot b,uk-
circulation eau bu r,lppoi BY lcHaltcu,ers and tho
Interest shat amount Of bo,tls atoplna! Ilow7
Docs sny gentleman suppose that hs boula ow,sA by
TIM b4uks, aud On dcftsit in tho TtoAslry. will ts
st4nge! for lrGa'tsnders u new anl inflated ~o,,e
Thnte honda are payahlu principal aud tnisrtst, IN
gold: and, with the rre*e1lt aMnnt of lrgAi.teiler
notes, ta.y worth In the market fruin $ll6 10
Ft.-S. hHat HIt uE} ~ WATtn III lMpeC-Tlun0y WhtA
you onh!e the amount Of sa!-scudern, and 1sstpono
the day Of *Iecur.~'lnn!pn fur bryoud Tho vision of
ronllet hrcr7 And thls elurnuaa ttAuo Of Legal
!enIera to nxs the plaza Of bank;notes IL only lilo
leginnEng Of the policy to ls iuatguratet The
I" wants OF trs,le !" wolh speedily daflsnd another
teaup. for tlB tAdentnl nature 0t an irre, rn,alc
currency Il, that It has lllnn I'LL reaction IL born
aI
CRUSHING plBAATER.
lesson might 10 learned lly thone willing 10 bo
taught by fact and c1perlencr) from tl'e course Of
events during tho war When W. had ftao, ,HD,sru nf
scsattondcr In circulation, & stood for long whe
nCary Mt PSF with Ho.d, As tho ishne Increased In
amount. tbs depreciation very rapid; and, At The
tnc We tlIed thc s4M,00,0N limit, that whole vast
sum had 1css pirrlass.E power. ii. cxrhange for
lsA, oses, ,uorchanal.c, l.lan .he $50 ooouo
had txu years before. In tho eprtng Of lsG3 shn o-
NM nf legsteudes would buy III The market i47 Co.,
~ u gtt eos,. iG 1une le6t sun ooo 10 Of Legal!
And, II WI had not nxcd the fot,r-huMdrpd -milliou
lmtt. but ha,l gone iaauinE additional alounh NC
cnrng II tho "wan1 Of trasc," a. now argus,k And
urged by lhU m0dusn DtfnDerad 1ilnncIera, the ra-
s wnnld hayo eaIi, that a. saea successive iuHs-
tlan, tbs purchasing power Of tho aggregate mas.
would have tecn ade !ess Aal tue va!un OF the wto!n
would have gone down down. tl 1t teacAed shat point
ol utter woEtAleaSGess which rnkny like pKrerl-
nlrtts have Reached beffn; and tbs kgaenlrr With