The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-11-16

tions, food and trsrsportstion. Thst
which had served so well in
war was not deserving of the con
tempt which was being hesped on
it in peace; that which gave the nstion
creCit TO the amount OF twenty-seven
thousand millions wss certainly enough
To sustain the credit o. two thousand mil
lions. he predicted, IN spite of the jeer
and scot, that if the resumption set was
to be maintained, the suferlnGs Of the laSt
two yesrs would be when compared
with. the suferings 10 come as light Is
the chill that bh hts the tropicsl plsuts
when compared with the arctic cold that
builds up the mountainous iceberg.
At this point bis hour expired, but by
unanimous consent he WAS allowed 10
finish MS speech. Resuming, he asked
the House to wipe out that ruInous stat
ute; that il stood menace to confidence
was the steady destroyer of credit; was
| notice TO every capitalist that the
body of money was to be contracted;
that the banks must hoard specie
for resumption; that prices must fall, snd
that therefore the best use Of money WAS
to bury It either in their own cellars or
IN the vaults of banks. In conclusion,
he said: Repeal that act, restore conf
denCe, allow trsmps and millions If
working men and women who are now
living in despair, TO get TO work on your
raw material snd supply each others
wants. No individual wss ever freed
from debt by idlenesS and wsnt of indus
fr,. h.. min Of pav lya nj
and other coal States at work IN pro-
ducing power; let the coal which they
mine quicken your machinery; le,
wages be earned by the working
people, to enable them to pay
their debts and to consume dutlablo
and taxable commodities. We have gore
ut this thing bull-hesded, and have thus
etlectuslly disabled ourselves, deprived
ourselves OF confidence, impOver.-u.: gur
people, diminished the revenues Of the
government, and put ourselves in the
position that, in the midst OF abundant
crops, our people are hungry; with our
cotton ,the largest crop that we ever
prUduced) they are naked or IN rags. !
Remember that you are to deal with i've
thousand millions OF indebtedness. You |
are TO provide u reserve from which !
every old woman in Berks county can 1 !
her stocking. You arc TO provide !
II fund from which every boarder
may draw for boarding You !
are to say to every European
creditor, ave will take the risk o: your
markets and Of your necessities for gold. !
We will 90 it higher; we have got ten or
fifteen millions of dollars to DO il with
Laughter and applause.
Mr.. Hartzell said that the resumption |
act had destroyed Ill the usiness trans
actions of the country, aid had taken
money from the pockets LOT the people
and placed it in possession OF the Shy
locks and mOney-lenders. He defended
the action OF the House in passing the
silver bill, and declared that history
would enact for the projectors of the bill
demOnltlzlng silver monument lmmOr
tai in its Infsmy. The financial policy
OF the last ten years had been to kill the
people and sustain the National banks, |
so that Wall street might prosper. Repu
diation was now the cry of the rich, but
wholesale robbery WAS the well-sustslned
charge by the poor. The people de-
manded the repeal Of the resumption
act and the reconciliation Of silver. In
conclusion be entered his protest agsins
the whole financial policy Of the Re
publican party.
Mr.. Hanna declared himself opposed
to the resumption law rs it now stands.
He WAS not in favor Of wild snd reckless
imitation, rs that was the other G. 2treme,
equally AS unwise and disastrous AS on
forced resumption and contraction. He
was in favor OF keeping the legal tender
currency intact TIL 1t has the same pur-
chas able value Us god. As RepublI- |
IAN be- scOrned the idea OF reputation
in behalf Of an honest constituency, who
would bring their all, if necessary, and |
lay il on the counter OF the Treasury ~
tree Offering in order 10 sustain the
honor and credit OF the country. He !
hurled back the charge that the pro-
iectors of the bill were taking step
toward reputation by demanding the !
repeal of the resumption law and he
branded II rs unwar.antable and untrue |
The opponents of the bill characterized |
the legal tender notes as rag money and !
called on the people to listen to the
sweet jingle OF the STANDARD !
gold. Rag money indeed When !
that charge came from the Bourbon |
Democrats who opposed its ISSUE and the |
government who issued it, it was At least
consistency. But he would not attempt !
to disown the offspring OF the Republican
party. 1t was with these rags that the
government had been enabled TO build |
the ships which carried the United States
flag over every ocean. 1t was with these
rags that the grsndest army that ever
battled in defense OF law and right WAS
equipped. 1t was oy virtue of these rags
that the flag of the Union fosted 70 day
over the Capitol of the nation. These
rags every member gladly received from
the Sergeant-st. Arms. Laughter. The
people had not asked for the
demonetization Of silver, nor Tor
the resumption act. The practical effect
of the resumption had been 10 foster dis
trust, 10 impair confidence, TO lock up
the currency, TO psrslyze the industries,
10 shrink values, 10 swell the dOckeLs Of
State Courts with suits for collection and
swell the dockets of the United States
Courts with petitions in bankruptcy. 1t
had wrought ruin enough, and therefore
he was IN favor OF It's repeal. he sP-
pealed 70 ali sides and sections to aid 10
removing from the statute books threat
by means Of which labor and enterprise
had suffered quite enough.
Adjourned.