The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-01-17

N
bonds III place OF the original on.s. tn
amount saved III interest i tr.huy.
when compared with the loss bv th-
whole transaction. MIR. NOorhies than mr.
gued that 5y the laws Of March 1873 and
Suly 1870 the bonds outstanding and Alter
wards 10 be issued were payable IN coin.
not in gold alone, nor in silver alone, but
in coin. lie quoted Sherman IN 1859 as ex-
xIici;ly iavoring this view. He then COM
mented At some length on the passage
of the law OF February l2,h, 1873, which
he said doomed the dollar OF our
fathers AMI It's enactment was As completely
unknown TO the people and indeed 10 four
iitths of Congress itself, as the presence OF 4
burglar in a house at midnight, to its sleep
ing inmates. The silver dollar was elimin-
ated from our money system under the
cover OF false pretense. He proceed
ed to show that of the eutire
trading AMI commercial population of the
earth more than four times many people
have chosen silver, - have chosen gold and
more than five times as many have chosen
silver as have chosen gold and silver to-
gether. The laboring classes desire money
10 be plentiful, while those who wish to
fasten their idle wealth on the
productions of labor, cIammer for
scarce and dear money. II was in
the interest of the latter powerful class
that silver was demonetized. He referred
TO the act OF January 18th, 1874, for the re-
sumption of specie payments and said the
law of February, 1873, taking away the
silver money from the people and the law
of January, 1873, fixing the day, now less
than year in advance, when
/ fr-1..,,haaE- .h4il alz T.h
twin monsters OF evil, born Of the same
parentage and linked together for the
| destruction of all money, save gold. lie
wildly portrayed the effect of such legisla-
| ton upon business and labor. lie spoke of
the impOssibility of reSuming January LIST,
1879, and attributed the vast shrinkase in
value of property and the universal distress
to the policy Of contraction and said. dur
ing the four years when the value Of
currency averaged one thousand million,
| business failures OF the entire country
reached only 2li7 less in number. than Oc-
CURED in any three months Of The wear jus;
ceased. The Speaker next turned his at
Grnlion to national banks aud said the sys-
tenn of national baking. now IN use, Is most
elaborate and complete. The scheme Tor
making people pay tributes 10 wealth M
order to obtain circulating medium was
the only one ever known III the
financial history of the world.
There i not q dollar in the hands
of the people, on which they have rot paid
tax for the privilege OF having II put IN
circulation by the Government. The Ma
tional Bank Is Il middle man between the
| Government and the people, and Is enOr-
muu-ly paid Tor doing what the Govern
ment ought directly to do itself. On Oc.p-
/ Der 1T, 1871, there were 2t>O National
| Banks, with resources OF SI.14I 100000
and on these resources the interest paid 10y
| the people was cl5,0JO,OCO per amman.
| Mr.. VOORHEES, said he represented
| those who demanded,
First. The restoration ofthe silver dollar,
exactly Is 1t stood before it was touched
by the act OF February, 1873. They desire
it shall have unlimited coinage, not fearing
that it will become too plenty for their
wants and that it he made full legal ten
der, believing it Is a. good now, with which
to pay all debts, public and private. as il
was during the eighty-One years OF Ameri,
| can history.
| Second The repeal Internationally Of
the act Of act OF January l4th, 1873, conf
| polling the resumption OF specie payments
in January 1879, holding that the question
of a return To specie basis. Tor our country
should be controlled entirely by the bush
ness interests of the country they, do not
| believe that the country should be dragged
| through the depths Of ruin, wretchedneSs.
and degradation in order L. reach a gold
| standard, for the benefit alone Of income
classes.
Third That the national banking sys-
| TEN be removed and circulating medium
provided by the government for the people
without Ia ing them for the privilege of OBJ
| ming it. and they ask that the amount
thus placed in circulation shall bear rea-
Sonable and jUdIcious proportion 10 bust
ness transactions and population 81 the
United States.
Fourth That the currency authorized
and circulate "a the authority 81 the gov
eminent shah De made legal tender Ia
payment .. al debts, public and private,
includiu- IA dues to the government, we'll
knowing sill lhen be at a par with gol ,
or more IL. " At a premium over Il.
Fifth uIt hereafter the financial poll
cy OF the country he framed permanently
in their interest, that they shall not dis
criminate against it in future lcgI-ia-
ton as in the past, and that their pros
perity and not the NEE growth Of
idcome to retired capitalists, shall be the
primary duty Of the government. In con
clusion, Mr.. VOORHEES, quoted from an ar
ticle he had noticed in certain eastern Law
papers in regard 10 the rights Of bondLol-
ders, the duty OF the labOrins CLASSES and
the policy that should be pursued by capi-
talists, To counterfeit the effects Of the an
ticipated legislation on the silver quo--
ton and said-''Sir. / have no word Of
menace to utter on this floor. but in behalf
OF every laborer and every owner OF soil,
whom | represent, ! warn all such as value
their investments, that when thes doctrines
of despOtism are sought to be enforced, this
fair land will again be conyulsed in agony,
and fires of liberty will blaze forth again
rs they did one hundred years ago, in de-
fence Of the natural rights of
man. Applause in the gallerie-.
May the wisdom OF our'father-, and being
nifty Of our God avert such an issue, but II II
shall come, if imperfection has seized our
hearts, the result will only add one more
instance to the long catalogue OF human
crime and folly, where ayarlce Ike am
bitiOn, over-leaps it=elf and in its unholy
attempt to rob others Of their possessions,
it loses,its own. [Great applause in the gal
leries. Adjourned.