The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-02-27
| Massachu.stt. add New York viIl b

Mr.. Butler-They are, 90 far as U. 8
bonds are concerned, bankrupt to-day
They have not got them; they sold them
Mr., Chittenden-Th&t Is not an ans.
wer. Does the gentleman mean that all
the savings banks Of New York and
Massachusetts will be and ought 10 b
bankrupted by the return Of these bonds
Mr.. Butler-They will be, but they
ought not to be bankrupt. They will be
bankrupt because the value Of their Sc
curities In real estate and railroads and
In everything else, but Government bonds
have been sunk three times by this infer.
nal lust for gold.
Mr.. Chittenden-I wish to hold the
gentleman to the point.
Mr.. Butler-Well, am content.
Mr.. Chittenden-(With his voice at the
highest Pitch II you as an advocate Of
unlimited reconciliation Of silver, force
back on this country the many hundred
millions Of bonds now held In Germany
and thereby break down every savings
bank in Massachusetts, and New York.
Who will be responslble? Will you not
be fairly entitled to be hung at the lamp
post where you desired the Secretary OF
the Treasury TO be hung.
Mr.. Butler-I will take my chance with
the rest when the lamp.posts come round.
It will not be the return OF the bonds that
will break the savings banks, because they
are broken and breaking-they are rot
ten and are sinking.
Mr.. Observation-Disclosures waiting for
Mr.. Butler TO come 10 a stop)-I kno n u
savings bank that has 10, 100000 OF gov
ernment bonds, and II it shall be obliged
to take 5000 900 for them i, will be ru-
ined and It's 10000 depositors with It.
the poor people for whom you speak, the
laboring men and women. There are
10000 Of them depositors IN that one
bank and they will be sent TO beggary for.
ever.
Mr.. Butler-And the directors should
be hung to a lamp post and roasted
afterwards.
Mr.. Chittenden-I am no joker.
Mr.. Butler-I know that.
Mr.. Chittenden-I believe that the
gentleman from Massachusetts, has mo-
ments Of seriousness, and now I wish to
appeal to his possibly serious temper.
Mr.. Butler-I never was in better
temper in my lite.
MIR. Chittenden-I must ask the gen
tleman II he thinks there will be any
more prosperity in this country-pros-
perity TO the laborer, to the farmer, to
ihe man who works in the blacksmith
shop, In the shoe shops-tlll confidence 10
restored TO capital2 Will your ever
lasting, irredeamable, miserable green
backs restore that confidence?
Mr.. Butler-.Ifthe prosperity Of this
country depends on 9 per cent difference
between gold and greenbacks, God help
the country.
Mr.. Chiitenden-Now come right down
to work, my friend. II you have house
TO build or a horse to buy, you know
what practical business is. ! ask you TO
come up 10 work. You have spoken dis.
respectfully here Of the bankers and
brokers. Out OF 200 members OF this
House $50 are lawyers.
Mr.. Butler (parenthetiically)-I wish
that the fifty were.
bT. tHltttHueu-NuN ask yUu "
doif your gown and tell me whether, with.
out confidence to capital, you can restore
prosperity 10 this conntry2
Mr.. Butler-I should great deal rath.
er have better basis OF prosperity 10
this country than confidence which has
been SO fully bestowed on capitalists that
the country ia ruined.
Mr.. Chittenden-Then you think that
a basis Of eternal miserable greenbacks
is better?
Mr.. Butler-Yes, but not quite eter.
understand, look upon greenbacks
biased on the strength, the power and
wealth Of the country as a great deal
better basis than any one product Of the
whether wheat, corn, gold, silver
or confidence.
The committee rose and the House ad.
journed.