The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-12-06

600 accumulated SOlu III CICoou1y CO. -
banks. He declared that II TINS
country were entirely free from deol g
specie payment could not be resumed q
without contraction Of the currency y
by at least one-half. Where.he asked, II II
were gold andl silver to be got !, !, !
Could it be got in foreign mafhets y
That had never been done and never
could be done. The silver ana so!. :
mines of the country coulo hoo Ia /
TWENTY-FIVE years furnish all THAI was
needed, even if gold and silver coulu
be kept here. Whether THIS NAV
scheme of resumption were repealeo
now or were forced on until populai |
Indignation tore it to pieces leounnp T.
tion had to be waited tor until IL |
became possible, and until the Volulne
of coin had been accumulated III the
country larger than the volume "
paper money, Equalization "oulu
not not be resumption. Paper money
might be brought to par with golo'
and still there would not be resump-
ton. Replying to MI. Uarhelu
arpument that no one would WahI
coin on resumption day, and taxing up
Mr.. Garfield's illustration OF FARMER
who sold his farm for SlO,OoO anu
would not take his pay IN golo' puc III
hills. he said it is not questloh
whether the people want gold or not'
it is q question whether
THE JIM FIsKs, THE JAY GoCLDs'
the bankers, the brokers, the import
ers. the savings bank want 1t ana they
certainly will want it faster than the
, secretary of the treasury will be able
TO give gold to them. At this point OF
his speech Mr.. Ewing's hour EXPIRED
and Mr Garfield moved that his time
: be extended. Objection was maze
,,or+;onate time should be allowed to
t the other side, but the speaker oeclu,
G ed the objection came too la1e, anu
: Ewing, therefore, proceeded Win MS
s speech, and spoke OF the enormous ue-
f preciation Of values which he attrlpu-
g ted to the resumption act anu Wni1n
It he estimated at one-thlrd Oh Cne
IS whole. He characterized the rusuliip-
e ton law as practical coniiscatlon py
If law of thirty-hve hundred million ooi-
N lars worth of property Inreec
n fourths of all the classes OF people OF
this country were debtors, and 1t was
p. their hard-earned ACCOMMODATIONS Ilial
were being wrested from them by thls
J. rohher law. He spoke of the loss OF
40 the laboring class as amounting u
-. three millions day or nine hundreu
-, millions a wear, and mentioned the
- statement made to him recently py
~ the president of the Dayton q Souln
ct eastern railway company III ONO u
cd the effect that hundreds OF men nae
w heen offering to work on the ROAD 10
ho bread and meat; nothing, said he, fol
he clothing. nothing for the wives an'
10 Children. nothing to lay upln store 10
~ ~ winter. merely to keep the human
h w hodv that was doing the labor able
az az exercise the necessary force. ION
me af God that bread should be SO dear an
oa aesh and blood so cheap (Sensatlo
not and applause.) The law, he contlhl
ont ed. was not going to stop Will ln'
erv fall of values. Whoever huggeo III
1aI hone that the bottom had been touche
Nv. had only to look at the facts kno"
noe that lower and lower GROUNDS hau
,,"t he reached. a further fall OF value
~ had to he witnessed. There had AZ
~, to he witnessed an increase OF power
nar and suffering, the practical conhsc
and ton of property, and the repudlall'
,a,, of a large part of the publc deDts
\ - the country. He appealed to the me
40 eyed men whether they would persl
III in their scheme Of infatuatlon. IL
~, aad they not heard enough to warn the
, ., that they had better stops Wh
nf meaning had the abor riots,
,ara THAT ALMOST CIVIL WAR,
has ak months agol The meaning or thu
ntrv was that labor had been trampleu y
the as much as it would stand. 20, SAID
II in TO any of our cities and see hdndrt
the and thousands and tens OF thopsai
,rld. of pale. wan. ragged, hungry peoI
own I have seen them dubbed out or
hich parks at might, men who went Tn
the hoping to lie down on the grass q
been get a little fresh air and cool rest
than place. The thing has been pusi
with inst as far as it will bear. " hat
;733.- we to gain by inflicting such losses
; not our industry and labor! What is
nited great advantage TO be accomplish
f the 1t costs this country in loss OF
100 of ductive industries. in unjust trans
S not of wealth from the debtor to
little creditor. in unjust increase OF ca
1860. ton. in the loss of labor to wage
silver pie more than all the wastes OF
ITS of rebellion combined, and what are
where to gain by adding to the enormous
Id be ritices Of the rebellion self intilc
Irv or sacrifice even more stupendt
ebtor Why. we are to get back the bank
owed system which existed before the
If the modified little. little better in
NJ ore respect than the old State bank syst
{ the but system the genius of which
there be panic, system which in the ,
other nature OF thihss caiiiiot pe sta
coin lie spoke OF the Id" 1oi the pay Ii
600 of bonds lin gold as an act of repu
M 600 ton of $500. 000. 900 of contracts WI
"A far values rested on it and declared
- the the repeal of the law and putting
! of those contracts to what was
THIS understanding of the parties at
time they weee made was an act
n ooo manded by every consideration
+ha individual interest and national
sa;a or IF the repeal of that law '