New-York tribune., 1876-02-11

singular circumstance, Mr. Chairnmn--One o. 'host o'
happenings ines brought ebont by rcntca hutt
onstAa those who GfSo tLis Serene uloi -, "
Tent are Democrats eyyy one % ~ron T, And yet
all the evils ~ wAch Jackson warned ;he country Ia ms
farors controversy with the Uni-el states i-aiF are
tho.sani-iod macnaod and tboueandfold aggravated
in this plan oi lnaNinB the Lfeh'ui! iii] Incl a.
rcctoIs. l commend 10 gentlemen ,oi, - ihooIatic ,
snecedens e1i ,o PST' and 9i w,sh them to
frapkiT ten this House how they think Jack
- n would nave regarded tho establishment Of great
national rapermOney machine 10 be located Tor tme
IN the Treasury Department the bills ~ w'ieh shall
have no p for their redemption ana the amount
nartv caucus ara then after .aoksou's veto message
sna have been diligently p,rdsed and nWary uSosteu
money, will ASK them il the present National ,alh
slen doesn not fully meet AL Of Jach'on's St9eo"hs;
and If itfs not, indeed, nearly AS tie d.eiehte OF
time and circumstances vii permit saGn "nd
rs he profossed himself ready to submit "a pan
for IL Congress should desire iti bsciaiin,
ing. as have done, any sgec.a cianpohffp fi. ~ y,
record would be glad luther ask ii the present s'-
tenn IN It's entire Io'iGm rom monolo3' I'm ti "a ~
tnat innocent third party iAT bli hoer p,o man % eNe
tho Is years the system has been in OPERATION whereas
IN hr preceding Is years Tie losses to INC people 10y pig
Of state banks exceeded ty millions oi dollars, II III
that universal credit attached to lis bs BAY s e eo
Pie a Losses trOm exchange or dsc1aht wherever Ya!
inent is 10 be made within tie United stats II W @ s
protection o. tue rights o. drrOs'iOls IN ha strength
and soyency in time Of financial disasicr III It's uo
jcc ion taxation. both y Gle General ana sG,e gov
crnmelts, un;i 10 COniesseJly pays u heavier LAX
thun any peces OF property u IN rs camci'y 10
Iueasure by u" uh'"IlihH wv OF sisN ''n % s s ~
precise aaOuus Of c rula0n required 0y tde "dus Vl
iradc,-i would be ha, repeat 10 ash any - hiToi @
opponent te system II u does not Ia and q tiese
features M TIE ideal requirement. o. bank a. t'I-
ansccnd any ideal Jarkson had, in ts freedom for ali -
eu.uge in IT, III its absolute sec3rty to the public ana III
rency y cyeI.ting upuuo cApds"n and uniue cont &c
Ion win equal ana uniaiInG ccttn'E, ave "Y,%!'ne %
rIlilaent shai place is own notes at par Win co.hi
TIE INr ArIoN MpvEMGNi.
tits urged by tie opponents of the banking system
That $500 uOOonO OF 0snk circulation can be supplied
by Legal tenders and the interest on hat amount oi
bonds stopped! now1 Does any gentleman suppose
that tae bon owned BY tnc banks and on depo ia o
Treasure vii he exchanged FOR legal teudcrs Of ne"
and inflated is-Gci IAV~t bonds are lNh'le' p''P',
al l.clerG,~ no'e, tAcy axe worth i t,c tc: from
81 lG 20 81 -. What vii they ne worm IN paper money
when you double amount %. legal tend ".i" NH'-
pOne tEe day Of slocic resumption iaf he,r"n % "o
ysSn % RsG1e', sa tenders F s''f bd Ad i' Ike g' e q
bauk notes il only the beginning of me I'i't
~ 10 w. @ M ~ ~ ,.ilcr Sc Tor he essential nature 81 an
irc,.ccaabc currency ia tn5t % las Limit t rcac
ton a bora Of crushing disaster Lesson h".W 10
learned (by t.ose wiling 10 he augi by i',i ana r.-
PefI,nce) l.olH tie cones" ol events Hulg i "','
Wien We h. Sl3Oo.uuc Of etl tender ~ ~
Il stood for long Whi!c nearly ~ pa: it t'l - ~"
is-He increased IN amount th" Irlt,,i''. ..h
iaIrd, and 20 the tlEr We bAtd the ti"yvuo',', ,,
| tIat WAOo vast had !eas puici"siHS l'"ei
than tlo fl3oOjnovo EaI wv" @ car, 'p.,l" 'p., ,,
| tGe sprin. OF 1~62, Hl,OtNjOt" - '-sti zen
.lplM
gold cuin In JuHe, 1861, ~iO1"u'uoO ol rt' ,'Hu'f
would buy Only 4i1oUGu.0O" in c0lt c'in Ehi u We
issung ado uonal amounts a,''I'lK 10 t.t i.,5 -
trado" a. moss are;' q ad uisru uf ihc m'tth b'd'
cratic inanc!cgs te rtsuit Uoi have "can .i .. cen
.a, uss would Dech ua"o less. and tle iaHt oi
ihat paint Of ufter wortA'e-suras wAv!i e' n"Hj hAo
exp. rim, reached beoIci an- TIC .' ii "h"',
national crisis, Wolid have Eecn "S p'a't
ia ha.oiy aoasa!Ic 20. iuo t'oH." '.''S'' t1.
limit hu,pily saved la that dlictui c&Hsi.iu,o,
and at once caused tie irsd .."dor o. opp, n91
ins,s upon of cHpans. % wncn w"nid speal
i.'Se tIr pc , ii ri' si ~ W. ~ .. 80 tLi
Row stand s,gUi't; fJr N1ioEt irh ere ai ' ~ v
veu!d nave Increased ihe u.ul,l dcDt uf ru.rdc.s
lsIious ana Ius .ad oI Il4LIn .1!Gs !or tie ira.
suly thcy would end Ly Goii!tlS 81 q iho T@''yv' O.!
Lays lost nc uiGoaa -soouC0o OF lo al riA derived
from iAe fSH.c source. i"Fr i't tI".'h 'I 'h'
roA.nsion ile dst~s he iuu iiri "oDi" rc.'ii from
iabic ~ the soGuty ic-s upuU tic n"la t4o.t- sad
rude GisiuID.lce. "aoe,cr woalo strIe a'vn 'nr
bti.ss uUd; t4r d"la 20 ti~t ,'> ''r ot" ''- q" .i
rf jhc Laws @; hnanre lu1 il ,.s"i %" ""o"i uha
action. AinOi2 ,hr auol"aIt~ p.t-.L "a o.. i 'tt-J
-aOuld have lsrAo element "';1"go"o f'f ~ a. ~
OF all .,o! erected % tDc iaa' tad"id 400" "'st
] ;.o,, VAST and i.f, .;.o:s-,ic.t rorH e. l. i.c
tofk l. irs foparco hoinp cotton re, hu -iSAraic
J ''' 30. o., Il. ,-.t.
as tici icin.nel bj tno -o.d sian,3ij a. th au.,
/ Is SAto,!'u O." ID, .."I M ,.'ta t ,,r.,, t.
I III fc"- ~" az "'.'' 'f''. ..t '.'' - .,..
LNcriVoi "h ~ 'HS'' -'.'' p" ' q" W ''' '
/ EDitor' Ni - "l ~ ~. - ''. " 80 ' -
/ iutt.'a'S ''.'t ~ 'i 'i4 " 49, -, .....'
! ir'cihie an" "'t'fi''i'r' '' '",l w., " .'' -
/ br allowed 10 l"'i"', -+ '+' s"ii, '' =, '' l'i -
Isis. "Eth 81 j. i'''' ''" ,i ..i',.
nue. 'l'i iu ms ''''', - ~. .'. M ,t ,,t
iht 'G"iH".'7 "-'"'''' W F''' '' 49, -, '. -
"a"iS' "!s i"'S rt ga. P'"9 ''' ,"' ".' ~ '' l.
/ ""cri7 - 'n5 i.' i.' e'' e ' -. .. l,'i
go .u~u' ~ Di 81. 'it ~, mn, & tt 40. .., f,.l t,
l' & 80 ,,f a.. ...,, ,f.i .,,i..,,..