The Leavenworth weekly times., 1877-11-29
SOUND ARGUMENT.
The Senate Committee on Elections
Vote to Seat Ke!Iogg-6
to 8.

| WASHINGTON, November 23.-She fol-
| loving i report Of Gen. Ewing's great
| speech on the Silver Bill referred 10 il
these dispatches Yesterday:
MIR. Ewing began 6y alluding to the mi.
versal interest IN this great question. Had
the people considered il early they would
have been saved the passage of the act oI
| Republican exioriion Of 1869, by which the
contract on which sixteen hundred millions
| Of pGbl;c debt was made WIS changed, 10
the detriment OF ihe people and 10 The ad-
vantage oi iie holders of public securities,
without consideration, 10 a SUN not less tIan
| five hundred millions. He alluded 10 the
| demonet.Za. ion act a. siealihy and ra-caliv
| and The resumption law as the crowline
scheme OF the money power for the oppres-
sion OF .he people. When the resumption
law was made the volume OF currency in
circHia.'on was only seven hundred and
| mir v-ihr"e millions, or - ~ per capita
mo { ,han in 1860 which Garfield had
| lauded as a year OF sound business and
money That act had gwen capitalists con-
troll of iUdu-,rie-. Discussing Shernan's
| views, he s,id Sherman was very apt 10
| change his views. In 1903 he told Ohioans
| the payment OF United Siaies bonds in gold
While their face called Tor lawful money
would be ieou5iauion and e-.ortion but
xix months afterwards .Ie repor ed in The
>enaie ihat act OF reprdiatiou and eStortiOn
falsely labeled an act % strengthen ,;le
public credir' ii it were possible 10 sub
stituie three hundred and thirly-four mil
| lions OF gold for greenbacks, and keep il
in circulation, the resumption act would
| be harmless except to increase the bonded
debt ,hTee hundred anu thirty-four mill
| lions; but the substitution was impossible.
| Before the greenhackers era there had never
been over S2lI.0000G0 of paper money
aiioat and S2S5. 100000 of coin, and now
| with Sod, ,0C0 900 OF paper money there was
not SI50,0G0.ClO of gold in the United
| States. Since 1866 the country mines had
produced 81 ~ 100000 of precious metals,
| and vet there was not in the country three
| fifths of the little volume OF coin there was
in 1860 The coin bad gone 20 paw the
debts of the country, where all prOcUrable
| coin would 20. No nation owed utside lis
| borders half what America owes Na,;on-
al, city, railroad and olher bonds were
| held abroad, and interest of SlG0,000 900 to
$50 900 900 goes out. ThiIiy 20 fifty mil
lions annually are paid out for shipping
| and as much more for foreign travel The
| balance of trade could not pay this of for
seven years That had been four millions
against This country IL wa. nald partly
/ by shipping annually S56,OOOo0O OF prec-
Ious metals.
Discussing resumption, he serird with
IN thirteen months OF the time hNed We have
but $1,000, 900 of gold toIedeem S1i;3. co.,
| 900 of paper. If this country were entirely
from debt specie payment could not be re-
sumed without contraction OF currency by
at least one hall. Where were the gold and
silverto be got Could 1t be got IN foreign
markets? That had never been done and
never could he doue. The silver and gold
mines OF the country could not In twenty
five years furnish all that was needed: even
If gold and silver could be kept here,
whether t.lis mad scheme OF resumption
were repealed now or wee forced on un'ii
popular indignation tore 1t 10 pieces.
Replying 20 Gaifieid's argument that no
one would want com on resumption day, and
taking up Garheids illustration OF The lar
mer who sold his farm Tor 81 600 and would
said: 1t is not question OF whether The
people want gold or not; II Is a question
whether the Jim tIsks, the Jay Gouids, 'he
savings banks want lt-and they certainly
will want II faster than the secretary OF the
treasury will be able TO give gold 10 them.
lie spoke OF the enormous depreciation 0l
values, which he attributed 10 the resump-
ton act, and which he estimated at one
third OF the whole. lie characterized the
resumption law as ire practical conhscat'on
by law OF 3,ooO,0oo oi properly: Three
for nta n sl al rlAnnI,.
try were debtors, and II was their hard-
earned accumulatlons, that We're beng
wrested from them by this robber law. He
spoke OF the loss the laborlng classes as
amounting to S1,ooo,c0o day, or=9Oo,0oO,-
900 year, and men 'oned a statement 10
him recently by the president OF the Dayton
and Southeastern ra;lroad company IN
ohIo, TO the effect that hundreds % men
had been offering TO work on The road Tor
bread and meat. Noihing, SAID he, ''ior
clothing; Eo.hing Tor wives and children;
nothing to lay up IN sore ior winter mere
iy enough 10 Keep tie poor hnman body
that was dong the labor able to exercise
the necessary iorce. On, God that
bread should he SO dear and hesh and blood
50 cheap" Sensation and applause The
law, he eonuu"d, was not gong TO sioP win
That fait ot values. whoever huSSed Tue
hope that me bottom hau Zen touched had
only 10 look at lie iac,s tofnow that lower
ground had to be reached lurthe. 1ail oil
values had 10 he witnessed. There had al
so 10 be witnessed an increase OF poverty
and suffering, The placilcat cOnlscailon oil
properly. and the Reputation oil a large
part OF the public debts OF tie country. lie
appealed 10 money men whetber they would
persist IN their scheme OF In'atuatlon. Had
they not heard enough 10 warn them lhat
they had be,'er stop? What meaning bad
the labor RIOS that almost civil war
six months ago? .lhe nearing was that
labor had been trampied u?on As much As
1t would sand. Go" said he, TO any OF
our ci,ies and see hundreds. and thousands,
and tens OF thousands OF pale, wan, ragged;
hungry peOoe. 1 have seen 'hem clubbed
out OF the parks OF New York ci'y at night
men who went there hoping TO lie down
on ihe g"aSs and get little fresh AIR and
cool resting place This has been push
ed just as far As IT will bea'. What are
We TO gam by lrfiic:IpS sucd losses on our
iDdusry and labor? What Is the great
advantage TO oe accomplished? 1t costs
this country in the loss OF productive In
dusiries, in The unjust transfer OF wealth
from The debtor to the creditor,
in ibe Just increase OF
taxation, in the loss OF wages 10
the labor OF the people, more than
all the wastes OF the rebellion combined.
And what are We TO gain by adding TO the
enormous sacrifi es of the rebellion a self