The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-09-13

anticipated the law and the gov.
ernment, and will have itself re-
sumed. When the people surely
know that the govern ment will re-
sume on given day, they will anticipate
the inevitable, and themselves resume At
an earlier day. o. course, they mus.
see that the government Is not onl y talk
in; resumption, but is steadily getting
ready tor it. his they are ready to do,
when they SEQ the accumulation Of gold
in the Treasury and in your own vaults
steadily goes on. The premium on gold
slowly but steadily falls. The purchas-
ing value Of greenbtcks slowly and
steadily goes up. Faith is being proved
by works. You ask me rs to the details
OF this financial policy. 1t is needless to
discuss them. You may not like them
all. may not like them all They are
not fixed, nor can they wisely be fixed IN
Gus iron forms. The object is fixed. The
methods must vary aS needs snd condi-
tionS vary The President and Secre-
tary are fighting our fight for hoaeSt
money and the keeping OF this nation ;
plighted word 1t is your duty, and
mine TO uphold their arms, and by the
surest encouragement bid them TO be
brave and enduring to the end; whether
we help or hinder their pledge Is given.
The law cot ters sufficient power and
the end is certain? Why should any
mourn2 Why should not all rather re-
joicc' Have not innstion first, and then
following doubts long continued. and
only now, but slowly dying, done their
work? Prices have found their bottom,
enforced economy has wrought It's pa
tient work and taught US saddest, wisest
lesson. Labor waits, capital waits, golden
harvests wait, and unopened mines
are waiting. All is ready for revival,
but one thing IS needed, and that one
thing is command TO go forward. The
government speaks that word IN It's brave
purpose and in its steady work 10 make
that purpose sure in its tulfllment. Safety
Tor you, profit for you, safety for the
people, profit for the people, work for
the idle, and bread for the hungry, lie
alike in the one path OF keeping unbrOken
pledge OF the nation. Success waits ever
upon courage and honesty. When we
shall have kept the promise OF the re-
public, business will have revived, labor
will again he IN demand, capital be en-
poyed, wages AMI interest will alike be
earned and paid Nothing but COwardlce
and dishonesty can keep from this land
the future that already dawAs. Here
are the most fruitful fields here the mines
III toll nlIan
tables. Here are willing hands, here are
good brains. Only If we shall be true TO
the ideas of simple honesty, of patient
industry, of frugal economy, there Is
no possibility of just prosperity and
commercial power to which we may not
with confidence aspire, but let us not
forget the inevitable conditions, honesty.
industry and ecoromy. These three
abide and the greatest OF these is honesty
The following resolution was offered
by Mr.. Camp, of Wisconsin:
ReSoicsd, That the executive commit
tee be requested to prepare and lay be
tore the convention and submit To the
bankers of the United States practices
BILE plan by which the entire banking
system OF the country will be united 70
aid the Treasury Department in its
efforts to resume specie payments.
Adjourned.
New YORK, September l2.-The sec
Ond session OF the American Bankers
Association was held tonight The ques-
tion of the resumption OF specie payment
was further discussed. Geo. ; Cox,
President OF the New York clearing
house delivered lengthy address on
the question. He said the currency Of
the country should represent some stand
ard value, that it is one OF the great de-
luslons in the world to say that the labor
ing man should not receive equivalent
for his work. He thought the mos. etlec.
tive plan would be to organize National
banks into the Union, whereby the force
of the whole nation can be concentrated
on this great object. After discussing tho
matter in detail he offered the following
resolutions tor adoption:
Resolved, That III the opinion Of this
ASSOCIATION the early resumption OF spe-
Gle payments in the United States Is alb
soutely necessary TO the restoration OF
general prosperity and thrift among the
peopl, and the condition OF public order
ana social progress throughout the ma
ton; that the reinstatement OF specie
into general use viii ImPart steailness to
the value and price OF AL property; that
the time has trlly come when an en-
forced currency. the last vcstige Of WAT,
should be removed, and movement 70
that end should be begun; that tradO
and commerce should be- conducted on .
5 andard OF value approved by the mosa
enlightened nations; that any attempt II
chang" the condition and relations Of our
coinage bring dishonor on the public
credit: that tae pan proposed OF reach
ing resumption by the accumulation OF
coin in th" treasury, ls IN the opinion OF
this association, doubtful experiment
and the withdrawal and retention Of
s. much god iron Its nsturai
commercial channels would Impe1e
business; that resumption can be
more chectualy obtained through
the co operation Of the government and
banks; that by sucu Cooperation the
bonds of the government are exchanged
tor the savings ot the people, ana
then agsin tor coin, as required; ths
by these means resumption can be
reached without additional legislation,
and without public distress or prejudice
to the general interests Of the country.
The resolutions caused prolonged dis
cussio7. aud General Brir krrhoh. Of
Mansfield, o., hoped that the Associ4tlon
would not entertain item. He believed
resumption in 1879 to be entirely IN
prac c.icable, and II /; were attempted it
would be on the ruin Of wrecked and
shattered fortunes He thought that the
resumption sc. ought to be repealed, rs
there were $75O00O0OO Of currency to
be redeemed and only SlOO,OOO,0CO in
gold 70 do 1t with.
Washington Items.
WAsHISGToS, Sept. l2.-There will
be no surplus in the District Treasury