The New York herald., 1877-11-15

tho government rs the common enemy OF the country,
but the governments was not the common ehemy o.
the country. IL stood Ms the concentrated power OF
them all. and should not the government keep us
promises to IT'S citzcns? lf u dad not who would
banksY Would II be the bondhodcrss On.
no. he iaborng man would have To take
his money in crcenpacks. but the banks and tho bond
holders would stii get tncir interest pad IN gold IL
any one wanted 20 STIR up the poor man by such
pt"Pos'uon ne was ws'eomc W 40 30 t.'uSa'o'.I
Thu, was not a party question: Men on the other sldo
wanted TO have samuel j. fden ior Presdoni, ana
yet whie Mr.. fildcn was Govornor OF Now York he
urged upon the Legislature tho passage OF resump
tion law. lie (Mr. Townscnd) had stumpcd the couD-
ry against Mr. Tden, but he had never
charged him with being "A repudiator Ito
reminded those the 9th side OF The question that
there $500 0oO 900 S40o 900 Of bonds
held by the savings banks and that these savings
banks the treasures or the poor, and yet u was
sought TO destroy the security by winch tho poor man
had secured pittance Tor tho evening OF his nc
This attack upon every body anu upon nobody re-
mnded MIN OF the lrsnmau's effort TO cut tho brancn
winch darkcned his window. Pat climbed The tree,
got out on the bough, sawed u OF near tho trunk,
letting himself fail with II. l.aughierD so these
democrats were saving OF the limo between them
tue matter (Lausnteri But he dened tho
majority oil the House, he deiied tho senate.
me .h.a" =, mo resident, carry ,,n psan
hairs breadth. The national imports ot last year
had been less than the exports BY SlS3 900 ooo IL
was ihis that had carried down gold toward reenbacks
oy some clsnt per cont Ihs crops OF this year woui
next year bring $3.50 900 600 rom Europe. and that
wonld do tho rest OF 1T There aDu ndauco of
crops in this country sucn us IL never had before.
North and west oi tho ONO, north OF Missouri aud
north Kansas there were H. O0U 600 600 ushels OF
rnc country nad q crop OF wheat such as II
never had before and u crop OF cotton equal 10 the
best Europe must have II and mnst pay Tor IL The
country must ENJOY thts prosperity IN spito of mis-
taken politcians OF political harpcs and OF tho sell
styled "Irends OF tho peoplc." tLaugn.eE)
Mr. Cox, (dem) OF New York, asked Mr.. Townsend
whether he con sdcrcd that the passage oil the SILVER
bl was or was not a step toward resumption and
whether no did not believe that silver coin accord
ing to the constitution and therefore inat the pubic
debt could be paid IN sivcry
Mr. TOWNSEND replied that when the bonds wore
negotiated both SILVER and gold the OF tho
country. Ho had no doubt OF tho moral ana political
propriety OF paying tho national bouds anu private
debts contracted before 1878 with what was the coin
OF the country at The time whom those debts were
contracted but he was not in favor OF coming silver
TO an unlimited extent
Mr. DAVIS, (detn OF NJ c. SAID that he was In favor
OF the coinage OF SILVER anu IN such quantity would
suco TO pay all private and national debts The pocy
OF contraction OF the currency mad been thc poiicy
which had paraiyzed labor and industry and onter-
prisc-tnc poiicy wncn had brought poverty and dis
astcr upon the country and want and starvation upon
thousands ana thousands OF laborcrs ten dollar
worth at that time S. 20, was now worth SO 20,
and yet tho howl Of rag money! went up from the
tMr. Cnisonden, had .A stated Ina. all The Gamblers
aud loafers were bowling Tor tho passage OF
the bill now before tho House. There WAS set Of
gamblers IN Wall street who wero not only bowling on
the oher side but were planning to defeat the Siver
bill and the bill tor tho repeal Of the Resumption
These wcro the gamblers who made oacK Fridays
corners IN wheat aud cotton, and they were
all on the sidc OF tho gentleman from New York. In
his opinion the OF The country, coming like
whrlwind, demanded that tho bill should PASS ana
that there should longer be money for bond
holder and another Tor tho laboring man
Mr.. STEELE, tdcm.l OF N. T., concurrcd in all that
had been said by nis colleague He denied beng
rcpdatiouist He was IN favor OF paying the cred
i0rs oil Inc country according To the terms nominacd
III Tho bond, but ho never would any financial
system which Iorced tho resumption oil spocie pay
mont tor tho benefit oil only one class Of people.
Mr.. REGAS, dem OF Texas, believed that measures
should DC taken 10 restore tho country 10 prosperity,
and thought that the bill under consideration tended
In that direction. Whilo no regarded the national
honor rs sacred he dd not hold as less sacred The
terests OF tho country. Tho people believed that on
the financial ana tariff questions the legislation tor
the last dozen years had the interest oil the
creditor class, but now tncr minds were opened and
they meant through ther representatives 10 the
American government III the interest Of tho American
people and no longer tho interest OF classes.
Tho matter then wont over without action, and the
House, A. twenty five minutes past tour, adjourned