New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-08-27
GEN. GARFIELD,s SPEECH.

The Opening parts OF Gen. James \. Gar
fields speech devoted TO the position Of the Demo
cratcrary in the past and to the ElectorC commission
Continuing las speech, nc said;
The same party that declared in its National platform
Of 1872, that speedy return 10 eie iy iuehl .s ,.g
maudei alike by the highest considerations oi 'vmny'
without shame ia its late Columbus Convention inc
Immediate repeal Oh The Resumption act ana speaa3 ho
word ina favor Oh any further efforts t resumption Nheh
grCeuuacks needed 90 sustain tEc cover huOhI DIT
putting down the rebellion, Tho Democracy dchouAccd
with the brand OF Cain, the curse OF rfedotniy upon
them. During these years. when Ihc = eelhach wa
Dosnocricy. Now they favor Its retention " as the
best money We cycI mad odcA absuidl "uu con
sct that the Democracy has no principle lett except 10
assail the KeIubAcan party ana 10 calcA tAe Al.ins
breozes of popular favor u order ~ gain power Livery
effort of tGe National Administration 10 Wes,r't lie
public credit aud fuhli uie national promises u3 D!iHS
ing 10, notes tu ar with coin, has De- met DY ohsidc
ton and assault from tine Donocr'. but, WOrs. OF Az
they have sought t. naSe party GtlIou Suj o p uI-ic
mcut TO- improve currency are injurious 70 te lnsi
csts of business aud To the rights OF iae lsolns man
The plain that deprecated paper money las doe
more 10 destroy business and ujure the prosperity OF
this country than al otncr causes over winch me NJ
ti6nal Government has any control The heaviest evils
of all fall upOp the labOrlug man.
RESUMPTION WITHOUT DISASTER.
The Act Of 1875 provided FOR resumption at the end Of
three years Onolaf OF that time has already elapsed,
md much than one-aalf Of the difficulties have
been conquered A little constancy, little more
courage a lii, he more standing fast the pledges u the
uat0 aud the work viii ~ accomplished without shock
aud without disaster; aud all good men every Nhtio WI"
The enemies Oh resumption are e1aggcnting the dill
,Ires and exciting tle fears OF mid that The
manning stems TOW ara resumption VIII delay the revival
o. bu -ItSs ana increase ttic hafdsllS We already SUI
Gr gme, rai-c again tlc cry of contraction. They
sumo mai under tie law of 1873 all the renbacEs must
DC ret red aud cancelled IA January, lrIJ, thus causing
,s iluuiiou Of tle circulating medium, and srmecn-
w and distress everywhere. That tins fear is eounacss
has been clearly shown by the secretary oil me lIedsy
in his recent speech at Mansfield The resumption lsv
itself docs not allow the reduction OF the cenoack cui
rency below three hundred millions, prior TO 1879 The
advocates OF resumption do not engage III The c5nIo
y,1sy about the volume Of the circulation. One school
insists that we have toO currency another that we
nation proposes make oil it's currency equal n value
10 com When that is done, the amount in circulation
but Ly the universal laws ot Trade. viii steaGncss
aud prudence financial policy the business Of The
country revive, and our people viii soon enter
upon q career ~ prosperity
with free banking and free coinage, the volume Of the
currency w find easy adjustment aAd DE governed, ho'
by the caprc OF Congress but by the business Of the
country. While believe considerable portion OF me
greenDack currency vii pe Mslu.diueu III
after resumption ir accomplished, ana tat III retention
viii prevent the shock 10 business 30 much feared yet
DO not tIuk the general Government should as per
mtuent policy continue 20 act as bank OF issue Bus
SUMPTION have been conqneIed' II any lvs's. t -
needed complete the WOi ana prevent Injury 10 Dual
ness II is the duty OF Conc ross 10 supply IT,
Tie Democratic party demand Tue aDOItlOn OF the
National Banks and recTcant 10 Ae time honotcd doc
trines Of their party they propose TO convert he Nation
al Government with vast DdHh oI lhSut, 70 HulS ~
the currency from one centre. ouch power IN ue OF
uesc4 before been claimed Tor the National
Government, and II il were constitutional 1t would be
most uuWisc and dangerous tAe Naiional
deuy that IN All respects the National stem is imnos
urdDly superior.
TIE RECONSIDERATION or SILVER
The fact is the United States has heeu unfortunate in
IFS attempt to keep tho two metals in circulation together
There nave been four periods Of adjustment OF the two
metals in this country. In view OF unfortunate
experience with the two metals have been disposed 70
ff. Ma
But there very objections 10 the single stan
Inc Republicans Of OHIO have declared for bimetac
money but they have declared with equal emphasis that
they favor Of driving gold from The crcula
are they iu favor Of excluding silver from the country
aud leaving with gold alone. It Is The business Of
Congress 10 make TINS adjustment wisely Silver can be
returned 10 our circulation m one OF three ways.
First-By an international agreement whereby the
same ratio shall De maintained between the two metals
I'M the several b-metallic countries; lis he done
either by changing the weight OF the gold com or tho
weight u the silver coin as may be thought most just
Scc0nd-Siiycr be coined and kept m circulation
without an international adjustment, by limiting the
amount for which 10 shall De lega.endcr; bui TINS
meets with the objection that early bonds made
payable coin az time when silver equally with gold,
Thiri-A limited quantity OF silver dollars could be
Kept IN circulation by ssung them Do place OF the one
and two dollar notes. Tile would meet the demands Oh
the old law and would md RESUMPTION
But this il not the place IN discuss the details OF the
initiates the currency OF the country ana deVotes me re-
turn 10 specie payments. am opposed % any scheme
which, while pretending 10 Dr. b,metalc' VIII drive one
metal from Che circulation and leaves US dependent
upon the other alone. j opposed 10 any scheme
which viii cripple the credit Of The United staes ana
the interest on the National debt and the consequent
burdens OF taxation have been and stn can be, arsey
the honor and credit 81 the Government; and suc be-
lieye Is the purpose of the Republican party.
CARDINAL Eyns or THE CIVIL SERVICE.
The President is earnestly seeking to reform
the Cy Service OF the county, aud lie deserves the cor