New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

I
country hut do snow this, that from late rcport 81
t1e Insurance Conns.ion.r Of the STATE OF New orh,
s;te had 77fG5l policies in force ana Nd o ihe
face value OF lArse ponves Ns -, nv 81 'e fere
are % 0OO policies ont aucn. ~ IcnnsY N'n,' 800,
in Maine. 1000; 90 Mnrylnnd' Z'"u' me II W., ch
of Ncw-York 10000. There are. Of coursr some zen
men insured ~ these compaine-' 'nt lHe ual..,a!
are poor people for the policies do MOI a''.at S
more than So 300 each. what Is zone VIII
the asstfs oi these companies, "huh "hou ,
to Sfi5O0O0oO. They aic loaned out Here ann
the creditor class j., the poor ana inc lnSn 'o
paies the agents OF the poor 10 i1ud tng n1 ~
ior them lt would he d..oAoi iDo r9t % re tor
class alone We ought lrg'siate for the Wiole conn
try Itr e,be,, gentlemen attempt 60 manufacture sch
ti,pt o5inst the Resumption Act 10y saying y VIII hep
tle rch and hurt the poor they are o'ef"hei Ling"
answered by the facts
TO UNDO Tux WORK DISASTROUS.
sno, ,,,r und, the work that Congress has attempt
Oh IN resume specie payments. what viii the result he
You will deprecate the value OF the srccnback suppose
if falls ten cents in the dollar. You Will have DESTROYED
ten Der nj Of the value 81 every deposit ia thc Swings
hank ten per Of every life insurance pocy and hFe
insurance policy. of every pension 10 'he SouefS "
of every DAVIS wages ~ aborer IN the Naon IN
ne cet.us of 1870 Cstl mattel that on any gFoh
dan toere were 20 C0OOoO due - aDoFers toI lh M
pald wages That a small estimate lti tha git"lp -
dnar come down 10 per cent and yOu take ol2OUDOJO
from the men VINO LaNe altedu9, c"... u "a
I'm the name Of every interest connected
, ne door denuunce TINS effort 20 prevent rtsmIr
tou Daniel Webster never uttered gf atcl fuih III
finance than when lac said tlt ~ al oontrVahces 10
ctcat the aboiug classes OF mankind none were 20
eaective a. that winch dcudei them with an lriedeema
BIZ paper The rich can tax" care 81 t9rnSI I'll
but Tie dead weight OF an fluctuations and loss ia
ultimately the poor man. who has only MS "iJ "OIh
admit that In the passage from neace TO war there was
a great loss TO class of the community I" ihc ci'
debtors was inevitable The injustice was table
Tno los. ana gam did not fall upon tho same ne c'lS
could not b. balanced nor adjusted The debtors Oh
1926 are noi the debtors OF l.1I ,
The most competent judges declare that the AVERAGE
lie Of lie private debts ~ the United Siates j. un upIy
than two year. OF course, obligations may Or renewed
bJt the average length OF private HeDt5 Ia TIC I,
Is LOT more than tNU years Now NC NV "il'lu, -
two years the ROAD To resumption ana the cou'Ie ~"
been adjusting itself 10 the new conn,toh %
things. 1ic people have expected fe,uli ii"' '.J
have already ,ii,,ouu ed most the hardshus and
sufeins5 inc'd-n % me chause. ine ~, 1s,5 we
over. ana ~ sc nov en- 'ii'i 49, 80, ,,,,rt INT
lose an tha has been gained and unse the country mo
th n,.. messy s,cro, 81 ocean With ali its lcis
and uncertainties ! speak tac deepest conyi 'lin
ills Re,imp Jon Act be repealed and no elective sur sll-
ue lee aut in It's pl!ce the dy is NOV il ui,l!n VIM
evils waIrn viii result viii regret with all our power 10
rrsrct the day when a-an LET loose the dangers Of
Gentlemen speak OF the years Of high prices AS years OF
prosperitv II is true there was KIND OF prosperity III
war prices cannot bo kert up iorcvor Nothing but me
cXt?, ordinary calunities M war couI pI,uuVr au.n
and dome stic markets added tine wr n"Ihrt war
q ike grim monster s""lio"lns up lhe ag'uIl'' @
/ were taken ont 81 tine ranks OF the producers
and added 10 the ranks o. ne Ho.s ''a,n'l,'
dream hat these prices could he kept for evcr"neh
me dr. yeif mustered out aud The war had ciusrd,
md busnc., had begun To resume Us normal !eye oi
| I.aeo. on no, Ccnccmeu IL was iucy table that the
country must down from thc itvel o war piGc''
aud 10 tetnp the get Il hach Is T. s AGAINST rare ~
c-. bring ourselves steadily ana surely 10y me 7Ios
courage and guiuauce Of Jaw, mack 10 resumption, We
shgj fca,h hli Level by disastrous fail. But down TO
| it we must come.
I'VE SORT or MONEY WE WANT.
Now gentlemen think that We have go money that ia
good enough for our country l don't undervaue the
fa4a IN he gpIlff lIIf
when the gentleman from Ponnsy wanna Nlr kcilc})
talked the ereeuback beng the thing that pun
down the rebellion. thought # had been on the other
side would have sand ave had moIe
liberal supply OF that money than you bad and
why did 10 not put you down liaugh6I; our
money better than yours In ono respect Tor ours set
dly of resumption, which six months after the IT,
den. ndcncc Of the Confederate States" lLaugterl
think. sir mat gentlemen Who know the financial his
tory Of the Concdcracy would not join the gentleman N
his culoey on Tue paper currency wien cut loose Ir"n
Gentlemen you want not ouly national, Int an inter
uat oua currency. Lct me sale one fact which, think,
colI,lu,ul /, itsr 10 every mans mind. The foreign
Trade of thc country s exports and imports, amounts
A. d. mus e ,r,.aricl I'm coin We cannot hclp cur
selves Every dollar Of the exports send
we buy We buy 10 coin We must trall-lat q
tae uUce- iu our currency no coin We must use coih
nav, ,iS ,t r,oT t,o, Inc cnifrir. with which we
trade: and Therefore, the entire CONNER cal world OF
tucrlci demands that the international aHd madonna.
CHI ' ,r i"e,y .ail be- one So thai what is 70 dollar
in ONO suaI hr % dollar tine world over. oar money
mast be international well as national unless you
E.suto Isolate ills country. and have trade or COM
Z Ilvrcr glory ou tht sen.
rh, trouble win our crccnback dollar is tbs: Il las
Two a'ct Vhg P}%,I rn i.. ne
is equal one hun red cents. That j., TO pay an old
dcD ercrnback collar vii 10y Law di,cuaig" one humid
red cents OF dtot; but no law can give 1t purchasing
power u thc general markets Of hc world unless 81 req
fc,ous known standard OF coin value. Nov wat Ue
r. Tat
dollar small he made equal, lis at paving power amt
us general purch slug power. "h.n y"u have made
t-c t55 t.n- equal you have got goot rcre., ntt-
1--WE of value We vino defend the Resumption At pro
poec not 10 IL stroy 'he roenhack bus 90 dignity IT, 70
sloy 10. he law thai "e defend does not destroy H.
e nbnck convertible MO com, nut ii does not de-
Now ad ii that The law +, not entirely free from am
bi-Wy; hu, the secretary oi the treasury who mas the
execution Oi ihr law, dee That section 1913 oil Tie
Revised Statutes j. in u force, viz: "a The whole
amount oI Treasury note, icturnc" 10 hc treasury SNAIL
he issued a44u, except that ne K umptou Act cuts
not believe IN .tcFu grronb CHS IL permanent cuiie-
cy ia tie Un!tcd states although do not ny sell
am willing that order To prevent tee check OF
busiue>. when gentlemen az .hc 5000 1000 of tho
Ions lne wants Of uadc show man4ic.t.y they
age needed Now, is maj me- me cohlt3eti'nf
When you have brought your prc.rbaci
UP 2i2 cent, more m Vald" tacu you N-h nave 500"
100000 gold coin ready 90 dow iuto HOlr circulation
-, , ,,n ~ W ,o,.. ,l1,r.1i an, M M io p,r vsu wi
have Hood you please 20 cait - oi T2oJoOoOOD 81
gold COIN. those no are afraid oil contI"cliO may LOOK
al that aud answer II.
sarn.rg Il a 100 u word, it is tlis The struggle now
pending House is, on the one hand % make the
er,.inac urttcr Tie other, 10 make % worse To-
Irsumution Act is mahing ia better every day Re zeal
that aci. ANA you make II INFINITELY Woicc. Ia thc
name of every Who wants hi- Own "nen nc las
earned II, / demand that we do not make tie
earned wages OF the poor man to sAnycl
his bands. and 20 sAuuk away after he has
earned 81, iU that bis mcney shall DC made
better aad better until the pillow holders money shall Ice
~ good a. thr be nd older. money uui our standard is
one. Nc are bound oh i4irr ca. grounds lo maintain
the resumption oi specie l2ymChts Fr-t, because tde
pubic tain demands d. -rcond y, because ali the lcat