The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1876-08-03

to cooperate with the majority i'm this
house in cutting down the expenditures
OF the government by such absurd and
puerile charges as these. The people are
with us in our reputation OF the extrav-
agances which the senate are attempting
to pcrpetrate by resisting and refusing
to adopt the appropriation bills
Which have passed this house. AsNise
and patriotic legislation, in the estimation
oil the party in power. consists in eNces-
sive appropriations and expenditures of
the peoples money. while all efforts to
reduce appropriations, to retrench eXpep-
ditures, and reform abuses in the public
service are ''repudation and revolution.
The retrenchment and reform Inaugural
ted by the majority In this House are in
response to the urgent demands of the
people. and he who attempts 10 resist
their demands by crying "repudiatioA
and revolution" will receive their hearty
condemnation. .M.
Mr.. Speaker, there are other great and
growing evils under this administration,
a partial remedy for which has been pre-
sented by bill from the Committee OF
Ways and Means of this House. While
1t may be true. sir, with the existing
debt. that II is impossible TO raise the rev.
enue necessary TO pay the interest and
ted protection policy, still it is the high
est duty of the Representative TO 50 d.
rect that policy that the greatest amount
| will be derived as revenue. The history
| of the financial policy Of the administra
ton has been to inauguratc a universal
policy of protection in the application of
which to the majority Of the articles pro-
tectcd substantial prohibition of imports
was accomplished thus defeating the re-
suit professed to be desired 10y its au-
thors and securing enormous and exhor-
bi;ant profit To class engaged in home
production without producing one dollar
for the Federal Treasury.
The nearest approximation to free
trade possible is the first duty OF the
American people. Its tendency is to
eQualiZe the burdens and distribute labor
and development in conformity to the
laws ottrade. The policy of the Repub-
lican party has built up classes represent
ing few, TO the detriment OF millions
who represent the wealth, the safety, aud
| the greatness OF the state. The Demo-
| cratic party are for free trade as a prin-
ciplc, with no departure from it except
when public cNigencics imperatively de-
mand it. The Republican party are 10y
| their history the supporters of proiec-
|
! class elevation and the social distinctions
ana money emolument that follow it.
We are told. sir, by gentlemen on this
floor that the great prostration in bust
ness. the wreck and ruin which are visible
| in all financial quarters in this country.
| are attributable to the existence OF II low
| tariff. Sir. the financial distress and bust
| ness Drostration which are now destroy
| ing the hopes and crushing the spirits of
: our people is caused by different agency.
| aludc sir. to the miserable farce
| known as the specie resumption act OF
| 1879. an act declaring for resumption
| of specie payments I'm 1879. without pro-
viding the means by which such an end
could be attained. 1t has from the date
OF its passage proved Il great evil to The
business interests OF this country. 1t
has contracted the currency, unsettled
values. Frustrated business, paralyzed
industries. impoverished the laboring-
men. crushed the hope. and aspirations
OF the farmer and mechanic. and Is I'LL
ing the country with poverty and
| misery.
Sir. the tribute receivers and the bonded
| sri-tUcracy of the East speak of this resulnp-
ton act "a a sacred and binding law: AL
act that must be faithfully carried out Re-
| gardles. OF consequences 10 save the honor
and credit of the government, when the
know full thai IL was 4 caucus measure de-
signed for party puIpo'es. 1t was an ell
fort TO resist a Dis solution of the Repuhli an
party, which at that time was without q
| principle of cohesion. and to taste N If pos
| slb for few years longer a set of corrupt
aud greedy 20 iticians upon tue people.
Why, sir, the gentleman from Maine, Mr..
b aine, who while member OF this House
was the recognized leader OF his party, adj
mitted in Sp( ech made in this hall dur.
ing the early part Of this session. that the
present re sumption act wss failure, and
that its provisions were not sufficiently
| comprehensive and broad to attain the OBJ
iects and aims desired. With such admis-
,ions coming from one OF the chosen disci-
pies of immediate resumption, and the
speaker too, of this House at the time OF
the passage of this act, is 1t Z OF strange thai
this law still finds friends amt apologi,ts
| on this floor?
The great Democratic party OF this nation
in convention assembled on the 9th day
of last month denounced In their platform
the resumption act Of 1873 a. direct and
positive hinderanee of a return to specie
| payments and demanded its repeal And.
Fir, am one of those who are ready and
| willing to obey the commands Of that au-
gust body and will cheerfully vote and
| work for its repeal. While, sir, am in IA.
yor OF a return to specie paym5 nts as soon
a. the same can be done without material
| injury TO the business interests and pros.
| perty of the whole country, | ain opposed
to Fastening the time by ruthle .sy tramp
ling over the ruined fortunes, crushe d
| hopes, wrecked homes, and impoverished
labor of q Frustrated and overtaXed people.
Mr.. speaker, the resuT ption OF specie
payments in this country requires more
| han congressional enactment decaratO-
~ Of that end. II will require the prac-
| of no triu for m
in all the departments of the government
revival OF the industries of the people,
and re storation OF T. cir business prosper
ity; the Bdoption Of such legislation as will
permit the importer to pay part, il not
all, OF his import duties in government
currency, and thus appreciate the paper
money in the hands OF the people To spe.
Gle STANFORD. Let these things be done
and srece re sumption, in my judgment
will foll0win few years a. naturally a.
cause follows effect. and it find the peopl,
prosperous and happy, and rejoicing i'll the
glorious event.
Lsudation Of money and money holder,
presents it.elt in every conceivable form
and upon almost every subject that comes
directly or indirectly before this house
The gentleman from Massachusetts, MIR
Banks in the course OF a speech made
few days since on the floor OF this House
delivered himself of the following extraor
binary statements:
Look at the railroads which are ear. v.
ing travellers, the products OF industry, an,
elements of trade to aud from every part OF
the country, from the ocean coasts east and
west 10 the valley of the Mississippi. How
much have the pc ople of the West paid fo
these railroads. As matter OF general
fact, not one dollar. What the government
has rot doue capitalists have done, aud by
that aid they have got now in their hand
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