New-York tribune., 1878-10-25

tutes the main excitement Of that eeetlon-l mean th
finances Of this country. GAppause.l
Now, there is great DANGER it seems to me, tina
because We have been in irregular condition OF ou
finances made necessary during the war, ana nave
gradually advanced upon the evIs and one by one hay
overcome tbem-here danger 10 seems 10 me, tba We
should be too hastily msled INTO dissatlslac'lol m
with a condition OF things which really, when We
remember what IN former times Of peace We
were accustomed 90. must be considered pretty sts
factory condition Of the circulating medium ~ thl'
evey in the country was entirely lhdefeht 10 tc
actual security OF the bills that he carried IN his pocket
as be ia now. lApplause.l never knew time when
business had such occasion TO feel uncOnctih h
regard to the paper money OF the country, provided
only II was measured by that measure OF strength
and honesty, cOnverbility into R0ld ana SILVER lbp
piauseI that thev would feel and that tney
do feel now. Nor do believe thar in The
Republican party there dr any any rooer Top"V
wnch is associated il our minds with the struggles ana
the thrOes OF great Nation conifDuIlns i ,s tns
strength of it, youth TO The the res2eS
What the ega-tendcr as provided bl tnlS HOn
ernment under the stress of wars Some people tax
about 1t as il other financial scheme might haye
been rCsOrtcd e.; M IT, having power oI tdAaIoh tn
to lay taxes Of 100 per cent necessary, me Govern
mrnt might have maintained the adhesion 10 the specie
standard, and fled the Treasury by taxation.
by taxation TO bankrupt q people. Nhat
cTty OF the conntry turned into the hands OF tax.
abeTers and All the people OF the country turned ont
of tho r. property Applausc Did anybody ever hear
OF financial system OF that klnd, tfat GoEeIllrIie
Incoming the owner Of all the property anu the peoe
bomeess and penn1ess YVES in a condition 20 carry on
war with he arceptance of the community No just
as by the conscrpton when IL became necessary, all me
Voutb of The cogntry were summoned TO arms, SO Dy
the proclamation OF leRaltender all ihe Wealtn oI m
country was marshalled to the aid OF the Govern
mcnt and told 10 set le its accounts in specie
payments after the war was over luIe"t al
piauseI When the battles Continued aPplauSr- when
t0e battles were finished the soldiers went home 10 u
the soil and work at he bench and MI the proitssO
over the GOOD faith of this peopewith their affairs
In the hands Of the Republican parry 10 hahdse @ a
adjust ana tO foster the progress OF us WelItl-"hs
nj IL speedily
the faith OF which this agency OF finance.
GOOD and thai they should be redeemed by fun ana
faithful pcriorna &C. Applause or, ,tis sal
%hen VI tHe d yr Gs Sr f nrs@s sung by
the Democratic party lCries Ol NO. "ah u hcIp,u
by their confidence and supported 3I ihrlr VOC,
when both would nave been useful to this country anu
"a the soldiers in the field IApphuSel n" We No.o
then told how mucL 1t cost IN TINS Dau none III IN
for the cannon. We were told that no country c"Wu"
expect To maintain lber'ies al so Ereat eg,i oI &
ball. how many rations this paper money 6onat =
than it, face in geld would have Donght; nu, ,nH b m
mauy OF the mcn that now praise the lcgaiehuer thc
trouble was not that ii bought tcO niue but il"i
bought too much LohGGcp1dsu ad Where
was there any money since the world began ihat pnuS
an unmuiIiated terriIory It bought uncorrupted
Constitution. Applause II bought u hauIo ~"
power among the nations Of the world when fefehds
war and makes really all Its internal dcenccs FOR long
while TO come Unnecessary. Since Midas turned ny 1Is
tonch eycrytinr into gold since CrGsus amas5ed the
treasures of the mnes no man has ever got ~ good
bargain for his money as the American ptopie E"t
for their egaltender. Cnes OF Good ana aPpdu'.I
PRFsENT CONDITION or TIE CURRENCY.
Aud now step by step. patiently, faithfully by heavy
taxation, by liberal payment of taxes, income and
We have made up the finances OF the country
SO that that legalteuder Is worth to-day al! over THIS
country what Its face purports to be worth Ana
now that legaIcnder 10 Republican VIII suffer to BE-
tauished either Dy dlspamUng IL previous service OF
by allowing II 20 De cOniouudcd with volume OF
peace currency TO drown out Tie finances anu the honor
OF the people as that its fame shall be infused In any
mans mind. We made the eFa-tendcr 20 light us "ut
OF into peace, and We viii take no hai money !"
fight us out OF peace into war. l. thcic
a"ytning in the financial history ~ TINS coun-
try. conducted by the Rcpnhhcan parry;
that We have any occasion 10 find fault win :
Did we not understand rom the bcgnninc that Whit
was neOdcd money In IT. shape m suihc"tt volume
to keep up The armies Ot The country u iul NeuT tud
to ualpian the credit Of the Government with iis cf
zrus AuH what has brcmneO 81 all those qrct u- about
impainug The validity OF eoutructs and violating pre-
: ions rights4 why, war T. entitled tp The
of the mole power ana wealth Of the country. ahd
II is for the wisdom Of The Government o rmiur how
It shah best bc marshalcd when and whore - needed
and with sufficient strength War interfere Win "ih'r
contracts than the contracts Of mOncv War separate,
the bridegroom from tbe bride al the foot
of tho altar, thus nerupung The sinccr'si couIfa'
Of society War beckOns the from the dyIrg bed ~
his mother, breaking thus the commandment wih
promise. Aud shall wc much agit1tc cura"iNcs unhrr
these past troubles as 10 whether ihls country -Iold
have been sacrificed 60 the csity NJ specie payment,
" specie ~ ynents were me mpnilhe with i,lN
This matter OF our Grccna'ks tnCTriorr n one ihAi
IL now presently Limited tnc duty oi thc Government
TO mr ,r them equal 10 gold and silver and H sUs'-
quent discussions arc 10 hhh ihrir p'" a hl'F nm
problem is solved. the interests ol commerce The ni,r-
ests Of society, aud The obligations Of the pub
issue. 10 that will adhere We know very
well that If there Is auything, that us
money They want that money good, and they know
there T. standard for its excellence that can be
trusted except It's conVeTthliy ,uto goa 9ud shNei.
They wish to feel that they are not OBLIGED 10 CO ~
have the faith Of the Government In s.curing nank
ing institutions, or IN this direct FORM 0i VS.
where good. That they are cntItcd to- that th,y vi"
demand from their Government ana they VIII demand
sufficient TO give them good paper money and nor drive
back to the actual carriage OF gold ana silver ON
their persons ana IN Their chests.
TuE QUESTION OF FIAT MONEY.
Well it is very difficult wisely this question oi
fat money. do not know who believes in hat money.
what is fiat money lean understand the miraculous
fiat that can turn what valueess into value but mus.
change ITS substance. When you say Govern
Inent is TO make what Is valuecs- valuable
for its people, you say what people have
never, never been willing to trust their Govern
ment with. You might as VOL expect the people to
trust their Government with the question Of when and
on what Of subsistence. ana IN what numbers
annually or monthly, the people OF the country
should get married Laughter And making n gov
cUmenal institution out OF marriage is for them
to say what the people should consider valuable when
was not valuable. Fiat money or Involves the
specie being the money. everything Is done on specie
basis 80 when fat tho money everything be done
on the fiat basis. Applause.
You must make a thorough revolution in tho country
You may remember that IN the Arabian Nights story
told by the baI Der OF OF hs brothers. who being
honest butcher aud selling meat was waited upon
every morning by an Old man with long
beard who purchased just six pounds OF beef uT
mutton, and gave him beautiful, bright. welcomed
money. much more hatterng IN its aspect than
ordinary money which he took that he kept by itself
and after five months Of this prosperous custumrTs
dealing he thought he would 80 his box needed to
buy sheep for the shambe pay for them with this
money ho opened his box ana found II was all green
leaves. clipped into round shape. Liughtcrl Well
money. to sell mutton chops Dy, needs he money
buy sheep with. Laughter and appausc NOW
II said by the stOTy-tclcr ttnt tnat
old magician, ana that he
deceived the OF tins whole people VINO 3 that old
man now In this country llaiughtcT aud appiuuscl
lie has long beard Cnuuued laughterl, but that
the only circumstance OF Identification.