Daily globe., 1878-01-31

not and dare not do the same thing. In
1869 the Chamber Of Commerce of st. Paul
resolved that it was the duty of the govern
ment to follow the example of Canada. The
Speaker appealed to the hard money Demo
Gratis of the past, and gave history of the
financial state of the country from 1884, and
advocated strongly resumption. The .s
gold dollar, he said, is well well
nigh within our reach, and
it would be reckless folly to thrust it from US
again for deprecated paper or silvef cur
rency.
AS soon as Mr. Taylor took his seat the time
being expended allowed for the opposition,
loud and vociferous calls were made for Mr..
Donnelly, Mr.. Hewitt rose and moved that
Mr.. Marshal be allowed to speak, that gentle
man however declined when renewed calls
were made for Donnelly. When that gentle
man rose he was greeted with deafening ap-
plause. He said he regretted his absence on
the school book committee had prevented
him from hearing the speeches of the
gentlemen who had addressed the meeting.
He had heard the last speaker and 90 his
speech his remarks would be addressed. Mr..
Donnelly said that his friend Mr.. Taylor
had referred to Canada. 1t was all true
what had been stated but how could he, Mr..
Taylor, compare little obscure province
to our colossal, majestic country. The gen
tleman minutely recapitulated and analyzed
Mr. Taylor's address, and showed how pre-
posterous it was to imagine for one moment
that specie payment could be resumed even
if gold was at par. There was but $780,
100000 of gold in the large banks Of Eu-
rope, and it is not likely that Europe would
send us just half of all her gold that we
should meet our demands. When the Geneva
arbitration awarded us $15,OOOOOO the Brit
ish government would not allow that sum to
be drawn from her in specie, stipulating that
we should be paid in our own bonds rather
than financial crisis should be brought upen
herfef by the withdrawal of SO much
currency. The last speaker had allud-
ed to Andrew jackson. 1t was precisely
the same battle that the country had to fight
now only with the fearful odds that Andrew
Jackson had of but seven national banks tc
oppose him, but we have over a thousand
and this powerful combination has the coun-
try by the throat and it is question if ou1
publ ic institutions can survive. The gentle
man had advocated the dollar
back to the silver dollar of ou1
fathers as well-what has silver done that il
should be kicked out and made prodiga
best money the country ever saw, and yet
there was desire to substitute for then
national bank notes. Instead of hav
ing the currency issued by the
government-by the people to place
it in the hands of bank corporation
The Speaker gave vivid picture of the
| horrors of Black Friday, and showed how
the calamity was brought about by bond
holders and Wall street spectators.
Mr.. Donnelly delivered one of the most
convincing and eloquent speeches upon his
favorite theme, that he has at any time de.
livered. He was listened to eagerly, and
when he took his seat burst of applause
echoed and reechoed through the hall.
Gov. Marshall then read several extracts
from speeches made upon the question by
LeMar, Senator Thurman and others.
Nh. Fairchild asked the Governor if the
silver dollar was not three cents more in
value than gold before it was demonetized
Mr.. Hodgson asked how then could they
accuse bondholders for demonetizine
the medium which paid the best
Mr.. Fairchild- Because if one medium is
destroyed, it would increase the value of the
other.
The resolutions were then put. Mr.. lay
lor moved that in resolution one, the latter
words be erased, and the words ''by coin
age equal in value to gold" be substituted
The amendment was lost.
The resolutions were then put in order
0T,6 aoch ono co1.rio1 "