New Orleans Republican., 1877-05-05

A New York interviewer had recent
talk with General Ben Butler, with the
following result:
General Benjamin F. Butler yesterday,
in conversation with q reporter in relation
to the condition of the country, said:
''This European war means something.
Now / apprehend little different effect
in this country from it from that enter
tanned by some of the press. 1 don't be-
lieve it will help us much. True, it will
send up the price of breadstuffs, provi-
sions, leather, vessel materials, etc, but
your laboring men now at simply support
ing pay will have to get higher pay in
order to buy -four and corn. That means
an increased price for labor, and when
that comes again our manufacturers can
not compete with those of other lands
That will be one effect. Watch things
and see if it isn't? Then there's another.
There'll be demand in Europe for gold.
They'll pay more for it than it's worth
here, and our stock will go there. That
means a higher price for gold and the
go up, too. Or, in other words, property
here viii depreciGte. still further. Why,
even to-day New York won't sell for
/ W PuJ 4to 'AAOAtEdBSos 4OuA DAuhH
dare not foreclose, and where will further
| depreciation lead us2 How are we going
| to resume specie payments pardon me-
gold payments in 1879 under such cir
oumstances7 There is g little cloud bigger
than a mans hand here now, but it will
| be big enough pretty soon. Something
has got to be done, and the people won't
| stand fooling. They have been fooled
l lnOrr aU0TfOh NUhx kvyn xraoFd arvo CEa~rr
| art WoodfoTd stumped Ohio for Hayes,
urging such petty sham and fraud as
| this sp-and the General took a five-cent
piece from his vest pocket, and held it up
between his thumb and forefnger. 'sThis
was Woodfords fraudulent argument
while stumping Ohio for Hayes He
would take a silver dollar from his vest
pocket, and holding it up. say: This is
the money you want. This is real money.
You don't want rags; and yet Woodford
knew that that silver dollar wasn't money
any more than a bushel of wheat was.
The government had demonetized it.
Then our shrewd fnanciers in Washing
ton ran in debt $40, 600, 600 to put out
silver small change, which has been
bought up, $12,0O0;000 Of il, l under
stand, and sent to South America, so that
the people are paying taxes to give South
America silver coin. / don't need to tell
you what my idea Of the remedy is. Every
body knows thRt 7 believe in inteteon-
yeEtible bonds. I am father Of the idea.
BY the way, read something this morn
ing on what shall the people do With
their stamps2' That's sound. That's good
doctrine just my idea. Chase was the
only Secretary Of the Treasury who had
the shrsWdness TO see that bonds Of small
denominations dealt out directly to the
people, without brokers percentage
added, would be eagerly taken. Thou-
sands Of people would be glad to put their
little $50 or s100 into such bonds But
no; there must be syndicatss and big
blocks Of $100, 600, and little percentages
here and little jobs there, somebody nest
to feather But I've drifted from my
subject That war is going to make gold
resumption difficult. Oh, there will be
plenty for Congress to do aside from
politics" s e
80 You think there will be something
politically to be done2''
Tie General said smihngly, t'Just wait
and zee. / am waiting