New-York tribune., 1877-11-23

war slavery was controlling question during the
states Is Now % the question Of paramount interest
been happy for the people il they had considered these
questions earlier they would have been saved among
other things the passage OF the act OF Reputation ana
extorton Of 500 by which the contract on which 5000
100000 OF the public debt was made, was se
the advantage Of the holders OF public secur
ties witt ont consideration. to sum OF not
that stoahy and rascay for the decentralization OF
silver and the crowning scheme Of the money power ror
the oppression Of the people fheiResumptOn Law me
bill before the House, proposed simply to stop the In
ther execution of that law and to leave to he fne ,
changed condition. which would then exist aler H tle
industries OF the country bad revived, the whole consd
Grafton Of the question as to the time and method OF re-
sumption. No greater injury could be inhcted on the
people by ITS Government than the reduction OF thc Eo
ume Of currency to which the business and values OF inc
strike at the interests Of the whole body OF the
uma OF currency IN circuatloh was ohy @l"oOuV,VvU'
and that only ~ 90 per caita more than was ID cT
had held up to admiration as year OF s0uhd nou'y;
That act had put in the hands OF capitalists the control OF
the Industries OF the Government If IL were possible 70
substitute S35i 100000 ~ gold Tor t1o greenDac& money
and IN that gold substituted would remain IN crcu-
lation just the Srcenback money there "0nd De no
very great mischief Done by tne resumption ION
Act, further than the useless increase 0t Iho
bonded debt to the amount G SS'40oo00G; Oo5
$354.OOOOOO OF gold take the place OF green6nck
money in the currency utterly impossible Gold
could not remain In circulation IN tbo present c9noh
OF the country and every grcenback redeemed was so
Withdrawn
proportionate effect was the reductou Oh Ea'S lio
said that before the greenback there never had een
aner monpy with S2sJ COO 900 Of COIN and now, with
1873 600 coo OF paper money there ~as &
country had produced ~ ,2J7 CO0OOO OF the precious
metals. and yet there was not III the country thf.e1s
Where had the gold and silver gomez IL h.u
gone TO pay the debts Of this country ana lneIe was
where would 20 ali the coin that could be scraped TO.
gether in the Treasury or banks This was mo great
debtor nation ofthe world No nation owed outside OF
More han half Of the bonded debt Of the country was
held anroad and thcre wore state, city. railroad ana
Which ran from si06.6Co0O0 to sI5OOOO,OOo year
Thirty to fifty millions year was paid lor typI ~
at to 5I5 oo0 GOO to $3.50 600 900 How was that paidl
Not by the balance trade as m.ht be said, because
4 GOO GO sacajpst mis- country This interest was
OF trade II was paid partly by shipping S56OOOOOO
a wear of the rccus metal Discussing the pre- yardons
TO he aoafed and wR less than $4,000 900 Of accun-
specie pavmcnt could NOT be returned 10 with
o,t contraction OF the currency ny at least one-lalL
The silver and gold mines Of The country cou1 not IN
twenty-five years furnish ell that was reedcd, even II
mad scheme OF resumption was repealed now, or was
forced ON until pouuar indignation tore TO pieces
synnfion had 70 he waited FOR nu II became possible
and uijil volume OF had been accumulated in the
ISuu' Pair mney lrE miht be broEcht to par WIN
gold aud sn there would not be RESUMPTION !
lie characterized the Ro-m, lion Law rs practical con
f.oaton by law ~ S3j0O0OOOOO of property Three |
fourhs of al classes of the people of this country were
debtors and t was their hardcarncd Accommodations that
tra being sued from them by TINS rO3ber law. lie
sp lkc Of the los, of the laboIiny cnss"s as amount
irg 10 S3OOoC0O day S9oOO00.O0O wear /
and mentioned rmcnt made 20 him recently by the
president OF IN" Dayton and uheatrn Railroad Com
ran Ohio 10 the effect that hundreds ~ men had been
Offering 10 worl, the road To- bread and meat Moth
thng said he for clothes, nothing for wives ana children
nothing 70 lay ZIP store for Winter; mcrely enough TO
keep the poor human body that was dong the labor |
ahlt 10 exercise the necessary force. "Oh God! !
blood So cheap" Sensation and appaus'l
whoever huggcd the hone that the bottom nad been
Touched had only to look 9t the facts 10 know n3t
lower and lower ground had to be reached further
fa of yauas had obr Witnessed 1tee bad also TO De
witnessed an increased oI poverty al l
tical cJufsca.ion Of nropery ana iAe .tpi'aton o
. largo par OF the public dC6s OF the SounIy
they would persist in their scheme oi nfatuaton Had
they not heard enough 10 warn them that they h
stop NIlt was the meaning ~ 1le ldDor iIgLs,,- va,
auast civil Wal-7X months ago The meaning was th
labor had been iranned upon rs much az eoud saha
and thousands aud tens OF thousands Of pale |
wan acs aad hungry people T. hayf y 5Se4 tn,m
WHO went flerc hoong 10 me down on the gdSs ara gtt
little fresh air and smooth ana cooi Ie5InE & PM, G
conclusion De SAID: 40 greater question Than this VIC
lourths OF the men, women ara cllnieh lh ihe tiu,
LAW 10 insanity suicide hundreds OF thousands nave
been cast down from competency 10 polcr{ mi.!'hs
which r,ss the dependence Of their families IL Is
now too late 10 ught mar Wt"h-i, ,Hut !
"a % may avert any greater wrong rom them and other
nilpi. by prompt action The part Of Congress ana
thr President / DO not appeal 20 that money power !
which seeks its fortune over tie ckcd lapplttss
AMI gccunulafions OF its fellOw-men; power |
TO which our unhappy civil war gave blrth ; !
which has grown so cU0rmcus through ulJirl !
financial LEGISLATION; which now "he,triles oar |
narrow world Ike Colossus - which sub>'oiZei |
the ura.s VI lch captrcs statesmen and parties ana
makes them rs suhscryirnt tools, Which honds down
and vies every public man who dare 20 raise MS voice
girsf H. Thai power. the flush ana arrogance OF us
enormous and gDtteu gains has heart of stone not 70
he Touched by human sympathy and c'mpasS0n. hp |
u.gl I'D the masses. 10 their iaIidiN l'tlfceeh- |
fetiyes II thank Cob of both political parties |
on ibts floor. The true aim Of government |
4. tha Greatest good tO the greatest number ana W"tFtI
b, LEGISLATION or Otherwise. changes The value o. con
tric is IS accursrd n he who removes MS nefhpt
For fWtyc yris pas. ltc UIaN'aI lo%4Na,
non Of This country has been dictated, one Woud |
think i'm I0r,barl-s-. Wall-st, ana ihe people |
ave been uluniercd bv r. ia enactment IneI
ri the fate ~ ,hc great GullNcT, when ucd
,i,r nv tbc IllI,puiians. Thank God they now |
c,. IN rise 10 hurs, The bonds which their petty iois
iyc fastened uuon them while sleeping. and 10 walk
a,rngI again IN their own majesty. applause
fe conclusion Of his speech. which WAS listened 10
win rho closest attention 9nd interest on both 5ie O
fbe chamber Mr.. Ewing yielded tie floor 90 Mr. FOEI
(Eep No. who moved that the House adjourn
Nlr HALE G.-p., MeJ endeayOred 10 have thr House
adioru iui'l Monday but hs proposition was rejected,
and the House. J25 o'clock, adjourned untu To-
morrow.