New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-13

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law 90 Congress, 10 be a legal-tonder Heretofore.
during The existence of or Governments al parlIee
cla!.cd that legislation should be so glaed ~ !"
dcVriopC the resources Of the country anu stuu!tt
the Industries OF tie People. There was coniiie'
bet tween the planting. the manuiacluril anu lht
mineral interests All interests however. men came
into competition with foreign cOLntIles demanded
protection New-EuGlaud required protection inr
her manufactures, New-Jerscy AMI Pennsylvania
for their iron and coal and Louisiana for her sugar
Later. when valuable deposits Oi lead ana copper
were discovered IN the Western States, protection
va, rcqniIcd and accorded tO those interests. Blt
when kind Providence revealed, IN trying crisis,
treasures still more valuable and precious. instead
of extending protection 10 silver, the Government
steathily and secretly deprived it OF its none
taTy character. Other metals, IN Their various
ways, have been utilized. But the Government,
the bondholders, the press, ana even in nh
pulpit now mite IN refusing 90 repeal law Whlch
was frauducnty enacted. While, therefore, other
interests have been vlgllantly guarded, we NOT ohly
refuse 10 protect silver but deny ourselves me au-
VantageS resulting from its use Is money. Before
silver was found in orr country We cheeriuliy
awaited ourselves of the Spanish and Mexican SILVER
dollars legaI-teudcr III tie payment OF all debts.
Now, when rich IN SILVER, We rCcklcSsly thIO"
away ali of these advantages.
John Randolph i'll speech delivered in the House
OF Representatives half a century ago against pro-
tective tariff said that be hated WOOL and would
90 a mile out of his way to kick a sheep II is
very much in this spirit that the warfare against
silver is waged The wogshppcTS Of gold hate silver,
and go out of their way 10 kick the dollar OF
Their fathers" And yet. from the close Of our war
with England. in 1919 the history of the world fur
nishes no parallel to the growth prosperity and hap
pincs9 of the American people, up to 1850 when we
encountered rebellion and war. During that
long period, subject 20 occasional checks, incident
to all nations, commerce manufactures and
agriculture each chcrshng and assisting the other,
furnished remuneratiye employment 20 all willing
hands, and rich reward to tho capital invested.
During those years Of plenty"-years Of industry
and economy-thc wealth was acquired which has
since been squandored We are working slowly
back TO that palmy condition under the dcmoraliz-
ing influences of sanguiuary and expensive war
greatly retarded by habits Of extravaganza aud idle
mesa which that war cngcudcrcd What We now need
10 restore prosperity is a return to the financial pol
Icy which gave lis q paper currency, convertible ~
all times and places INTO specie. III u bs ugeu
against such policy that certain foreign govern
ments have adopted Single standard, ana tiit We
must conform thereto, ny answer IS. that we must
have fair start by righting the wrong perpetIated
in 1878. Under pr0vldential laws We area wonter-
fully favored Nation. We are producing silver III
great abundance. II IS our right and our dutI
fairly and honestly 10 make the most OF
it, as we do with the other products
Of earth and ocean. II for reasons when
concern the credit or honor of the Nation,
it Is deemed eXpedicnt 10 pay the bond
holder ~ gold, even though lac agreed 10 re-
Silver would still remain standard among our
selves. aud with full twO-thirds of all the nations
ANA peoples commercially related 10 us. Inns was
the financial ground that iondiy hopeGthe Admin
istTaiIOu w0u!d occupy. pom such basis reSlnp-
ton and prosperity vOud have been reached and
maintained.
There is, however one more chance left for avert
ing evil The gold men. if not lost alike to con,id-
crations OF justice and duty and to sense Of theI
own tlue interest will, after it has been properly
for
In this way manifold dangers will not onl, be
aycrted, but resumption and prosperity achieved.
Should this last charc, be- lost IL the gold men per-
sist in a course which protracts the boarding and
sweating financial policy they will become response
bio for the cons, quenccs Already, signal lights are
burning. There is danger it is said, that the
Blapd Bill win be passed by constitutional
majolitie5 in both Houses over a Presidential
veto. Now | take leave to say. to the aggressive
and lapacious capitalists that the worst thing
possible for them and for the welfare OF our country
will be the defeat Of bin Iemonetizng silver by
Presidential vote. II, therefore, the gold men per
sist in sowing the storm they must be prepared to
reap the whrlwiud. Thoughtful men would be
admonished BY the fact that already nearly or
quite two thirds of the members Of both Houses
OF Congress in favor OF the rcmOuctIzl-
ton Of silver. Should tie voice OF the people
aud the votes OF their representatives. be over
D. needed 10 foTete!l the consequences. Those who
drluie Themselves with the Idel that the present
defeat Of q Silver bill terminates the controversy.
will soon iiud that illusion dspccd. The question,
returned 10 the people, will be considered IN the
hight which discussion has thrown upon It.. The adj
y0cates of silver Will NOT, heretofore, bc largely
confined TO the South and West. Tie people VI New
jersey, New-iork and Ncw-England wh, Sc business
interests have stood still quite too long, Will speak
and act. IN ways that their Representatives, VINO
vote to deprive them Of the use OF money prOvidcn
TALLY provided for ther prosperity and happiness
VIII not misunderstood
If discern and characterize "evcnts which cast
their shadows before 1t is only in the hope Of in
ducng good men 10 act wisely. deprccate and de-
plorc as earnestly any other citizen the possible
lies which we may be forced to encounter. 1t is
only avoid -hipwreck that reluctantly point out
the reefs and rocks tow ard which we are drifting.
My individual interests, in a small way, are dcnti-
fled with the class that differs widely with me
about the best methods for their security and pro-
lection 4, W.
Ncc- YORK., Dec. II. 1877.