, 1877-08-24

.... TnE FINANCIAL SYSTEM ..
may be briefly statri. IN Immense rnhlic frdebt.
cssncs-. paYat1e In narrE. las. hy lhc effect Of
two laws. hccn made payable In rod onlv and
~sn "ssM ss eoa M e'i hs sr ay fean"s @
less! tender for The bon-, has nsen enhanced ac'
for January. ls7,f, an! within eighteen months
they hare no rian except thr Illegal contraction OF
q. the p",T s1x 81 s
which that tntebtcslncs, cnn BE- paid. Tic i,!rd
anh energies by which The means OF pny can l'c
cnrncd. Tue Egyptian policy Of rc1nlsine bricks.
md NOT furnishing straw, was mercy In cempar'.
eon.
ast' ony 1E. fo ,hs p'e,en f".sr
great enmpalRn Of ls7 VA. tuusht uron these laws;
1hslr effect wns forc.ern. c1nnns.l: predicted
with nnsrrlng nesmtacy. The tc.nmptlon act was
ed ont. The dcmoncti.ation Of liver was not then
appreciated: e h1s only Increased tho momentum,
Of the general movement.
DEMONSTRATION or rlIE nErunttcAx PARTY.
f,ronhccy hnH become accumulated IN history.
and; thla night, the 10.MD fixtures 81 tsse la.t
nrn,cfnbe multitude seeking work, the strtkcs Of
unpaid iaborcrs: the bl.oay and tf.aracetnl riots
II ~; fs t1 ess s w sna
the Republican pol'cyas the cause Of This condition
tNr. renalcton next proceeded fut half an hourto
analy,c, miseonstf,,e. and denouncc the nhio Kc.
rnlM!ean platform, and @ tand tho Eltter'ac gen
seeing that he In one himself. lie desotehn grcnt
zeal Of time to cumbatlnr The plank IN the Ohio
s1ona intervention 10 rccnrc falr rcturn- On sapi.
raii."sa.''s Tsi.' 1Ss Ss srae!!, W. IN saos!!en
crowded condition Of onr co1nm9e ot'liEe n to nb.
brovlatc tho speech. lie concluded aa followsl:
~ 0KEENHACKs ASp HDFns.
sat IT. t,f @1tnNf
ufs nsa s n nS's shey hsh " a
s.o G s 's: spssc ~S ~:
Of !,ontls was n,onorol!zed By the eapt.st..t..
paynblc ia sres,nlaeks 81, There can 10 n9 auest,on M
S, 81 lay s as:s % 1 ps1n lssa nd f?ssssa. %sssn it, Ct
elaFcii It.. Senator Merton approved 4. Secretary
sherman in his place in The Senate IT. ycars stter
Ga:sit. within Two monsh. haa ADMITTED tha. I
never doubted that Interpretation Or the law Yet
n Republican Congress passed the 'asy Of 1902.
cun fhia single oct added SYOD. 600, 600 10 tho
value Of tbc bons In the hand, OF Tho bonlholl.
err. and added that nnch to the burdens already
ihc currency ha. been steadily and mercl!e.sty
ennsaec' Ia ihls pulley icto has been neitss ~;
value to money, anu sub.tracts yalno ffom every.
thing rise. .....-..-'
tl1Stf ms UCtn dcM0HGttzcu ICF tHc EfnrckN pHF-
pose Of contracting the currency nnd ncraas!ng tho
vntue Of gnla. Millions wrrr deducted from the
coin currency, andabonds were Increased largely
TIE THREAT or RESUMPTION
IN 1S70 hnnrs like pail over The country, and
stronta every indn.try In mourning. The banks
iracttng tho greenbaeks the Secretary IL iioat1ng
| EoA. Every Republican upper III Ohio, tdc Chan-
q n , city " nG
In all tho faul, declare that resumption rHtlHut he
| effected in 1870 w,thout utter ruin; and yet lhs
::;ay. Il snsai,i'," dea'adi. contraction sni 70:
Thc law Of 1870 declares tl.a. the houds nnhor.
eoinl And Jet the secretary, ,of ne Treasury ~
sayt"s % thy viii t. saia ID ro!d. il picse; tho
nbligitlon Of tho Government The Secretary car
not ald 70 .hat obligation; The .u law ,ay,
''s 'ss sss!s.ss = :s 'sI 81!
n so3 %aly krow ttat he ,,.t Sse'
snsaaRf fnk Va. a IT, se 70 ansr
and repadiatc thl4 effort. il viii be clanlcd tha
him, and THO Money rowcr will achieve anolhc
Victory over lnbor.
Do et BE- cssigsd my tfow,e eItl1sr Gu,
ssms w's III, s'" H. ru1ie asa Vas psdsss sna ID
law Of 1910 wus passcA.
hive rend wth caro- .
TnH .rEEcn or SECRETARY snHRMAN
at Mansfield; ! appsai to Il t2r proof Of essr
1t In favor 1T the restoration Of tho u!d sttsc
uotfsr. not ono word ~ favor Of the re'nonetika
Sn s # ss 1;s spaes asaS5ng % e eno II weak and water
haso been Withdrawn and s:O, 600. 600 of bau
said they were incru.siny The Interest. hchr1n
debit. Atr: sherman rays that flncs siay he ha
al. f1,hA t}tHg AT4H
Polling banka to rcttrc t1,c!r circulation.
III Ct: y'e:t: 4: p: 7. ars ss st..s;
70 russr 9ussaen,nK circulation. ALSO q
Tg saks hs.s ecn m q, .cs ~ cx,, ~ s nrs.
fvaarsi by isx.... ~ 600 O
shown9 an actual contraction within less
! said tney wese boarding geId. ~; sherna
says that In The dvc iaunth4 Ut fiayes' Adalimstr
tim they have accumulated Ut Tho Treasury sia
$40. 600 In coin and sfeenbaeks. said the Mon,
puS'ican' sontfaetioa @ and % re.amption. Mf. sh+
man RAYS thu retirement Of Tho Enltet States not
shoull depend entirely on the amount necessary
10 w,th.rawn to advance, w1tl!a !ho limited tim
demanded allo Facrics Of every industrial iMteres
Milhoat e ensngo IL iic Il nw, hs W.T. Ge,ofe The lii
huans'aa, advance every do,lnr 10 tta, pat IN Ro>
eea S: pei ss III: @ e: e: H ~ Sspa
NiI ES THE VICTORY TO TIE MONEY F0WEtt.
And that victory Ina re- W'trl thus, to urc I
7 strtx,ng language Of another: "Thers Il no mi
ora4op. or ,to,r, or ming. Or farm. " hama N !!
: rall hIru tlnlea. l}undre!A Of millions Of almo
). omntpNtert dollars are forced to paus<4 tha
: tfaCkT till tho raEo af single Claha Of 1aEorsFs
4 | EXHAUSTED. Sovereign states att frightened In
= NJ appra1 TO the FeacTal Government 10 take ca
+ Of them. cotnsn1Hwcaths tsen1bfe with coul1n
0larnl. Commerce IL MNle anl nrtyplest."
y And In the pfetcncu at this great calamity v
| the Republicans abandon atM feFttse this pntle
Not At all, They allru thrtr at!htfepcs ~
Sherman and lIayeh require that they shall cnfo.
IT, md they call fur M army to prevent and pnni
etrikeA unti coerce laherrfs. and on cungTtbs to
!: Just ''falr wages" secure good Atydends. anl
It portion (EAberlY
!. Tho leM1crltlC party prDpoaeR
II, TnR EXACT OPPOSITE or THIS.
=, Tracing the psupsrirm anu dlsconlent ar ths p
~ pie, aud tho pt0ElTattun 0f I'LL prosperity tn
Ia y!cous policy which IayE t!cfctttcl. 1t drnsI
"a The repeal Ut the Resumption act, tho restutst
;. of the olA silver d0l1as, the rrtcnti0n
- Mteenhacks. thc cessation Of their contraction,
~ Gua1ly, the issLla Of all circulating medium w
!" Government, milking It ali !egal.ten,.er, and
8, paper and Tho cum tiItetc.ns eTiib't " par T
10 will give III q stable currency. a sennl rufTen
-. " and safs currency. Th4 will start thc wheels
tndHslry, give sails 10 out commerce. and 14duI
0, | Inr ytll Iitl frlut a,JF oPnI