The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1878-10-17

u
on f6ssi1x l9g1l t1ter poper ~
governnsnt - borrow. And yet we
had that momsut . necessity for more
than forty millions Of unpaid reQuisi-
tiious lying on his desk, with S0,000,-
600 due to the soldier boys ut the front.
The necessity Of ready money was so
embarrassing that the simplest obliga-
ti0n could not be met, and he said we
must have aome further emission Of
paper money! but that the assurance
must be given to all capitalists
and by capitalists, mean every man
who had SO to loan would loan it
that the assurance must be given TO
them that the government Of the
United States was not going to de-
stroy its currency. And the result of
those conflicting questions was . COM
promise which stands in the statute
| book Of the United States aud pro-
vidcs that the total amount Of the
United States notes Issued and to be
issued shall never exceed $500, 600, 900.
Following the suggestions Of Mr.
Chase, Congress authorized him to is-
sue another hundred millions of Legal
tender notes, and fifty additional mil
lions for taking care of the temporary
loan. Now, Mr.. Chairman, submit
that the money that QUILTED Grant
for his closing campaign in the East
and Sherman for his campaign in the
West, the money thav clothed aud fed
the army and equipped your gallant
corps in that army, and every other
soldier that marched with the mIsket
under the flag of the United States,
was paid for under that last bill, and
that last bill rests on that compromise
rest the argument here. 1 will
take jury of twelve men aud swear
them on their honor as citlzeus Of the
United States, regardful Of the honor
Ut their government as they would be
Of the honor of themselves. whether,
having borrowed a Thousand million
VI dollars, and having expressed an alb
soiute pledge, aud having got more
out Of that thousand million Of dollars
than any nation ever yet got out OF
thousand million OF dollars, can we de-
sert ann disregard our obligation,
when through THESE means the whole
dalion was saved? But, gentlemen, 1
DO not desire any gentleman TO infer
l. do not wish 10 BIZ understood rs in-
sinuating-that il that pledge was not
binding, if that pledge had never been
made, that it would be wise and AL.
ambiguous thing, on the part of The
United States, to so TO work and Issue
lot of money on the faith and credit
Of the government. On the contrary.
| would consider 1t policy SO unwise
as to amount almost TO insanity. For
this simple reason: l see before me
5000, 5000, 10000 people, do not
know how many. have asked ever,
assembly have addressed, in public
have asked in private the leading ex-
ponents of greenbacks ''if you pro-
pose TO have the government issue pa
per money for this people how are
you going to restrain and control anu
regulate the issuing of it Z" But have
iever had one answer that made any
approach to it. l think great den,
ii Congress, but know something
about it. do not pretend to know
much more about any one question:
chan my neignbors, but with all due
respect for Congress l would leave
Commissioners Of Cook county, Ills |
lAppihusc uiu louSutcF.l
Congress is necessarily made up OF
partisans, properly made up so. The |
existence OF any Republican nation
consists in having one great political |
party, sharply, jeaiously aud suspi.
ciously watched by another great pc !
iitical party. Now the representa-
ives OF these two parties brougut.oul
Of the tight-nO matter whether Re |
publicans or Democrats-now are the, |
20 determine by your light how much |
you need to do business? Laughter |
Why. of course YOU laugh; hors,
would laugh. Why, the people o.
this country do not want Democratic
money, or Republican money the,
ton't want Congress TO be forever leg
islating ON this subject.
Senator Thurman, of Ohio, q yer, |
able gentleman, and standing deserv-
eddy high in The counsels of mis- party. I
1 leading aud able Democrat, made
speech on this question the other da,
in Ohio, aud he took the ground that
the government should issue all tie
paper. read his speech all through
/ thought If any man was able to Tell
me, or tell you how that could be reg
ula,cd, that Senator Thurman was the
'aan, aud | read him with great inter
EST for that particular point, and
found when | came to that portion OF
the subject, he did like the little DO,
in spelling school when he came to a
hard word-"skipped." He didn't
answer il because it could not BE an
swered, and say to you here that the
theory Of finances advocated by the
party means a political
for the country. 1t means a
to be voted up or voted down
accordingly ne one party or the other
S in power at Washington, and that il
Exactly the kind Of currency which
] Q country can not stand. We do
lot want political money here.
But that is the only dodge they have
ut. Well, then they turn around and
ny 10 you, we'll, now how are you go
~ to furnish any money to the coun-
y: Well, my answer to that is, that
" have about 800 100000 of paper
Money to-day, and any number OF gen
l.men-five or mOre-in this countr,
nat think they need more currency,
IN form national bank anywhere :
hey choose. 1t is as free as water
lowing down stream. There need be
20 particular scarcity of currency
'ut Just as soon as you mention ma
lonai bank you put the Greenbacker
light '.up on his ear" because to him l
he national bank is the red flag which
he Greenback bull rushes for. Laugh ,
er.
The Republican party never has and ]
ever Will make u national system a I
est of party fidelity. No man wa,
yer called upon to put his hand on a
COX and swear that he believed in u 1
ational system before, aud by the Re-
abiican party never will be. Il !,
Ut test of faith. 1t il not included
1 the thirty-niue articles of our creed. /,
ut all we say about il is this, that the !
epublican party is responsible for !,
he national banking system aud they
re not ashamed of it, AID when talk a
boat the national banks to you, il L
onld be well to look aud see what u
lesc national banks took the place OF
I'd you had better look TODAY aud
Re, if you abolish the national banks, A
hat will take the place of them, be- q
Iuse no man is so ignorant of these :
inks in this intelligent assembly as
suppose that this country, with lis b
pidiy developing business, Is com :
,tent to do without banks. You
ust have banks Of some sort. Il
Those gentlemen who are adyocat-
g the destruction of our national
INKS. invite in their argument this =
suit: That right behind the destrac- -
on of the national banks arise the
losts OF the old State banks. gorv