The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-12-25
A PLEASANT TIME.
Seventy-TbIrd Annual Dinner of the
New England society-Speech by Sec.
retary sherman.


New England society-Speech by Sec
retary sherman.
New YORK, Dec. 23-At the seventy-third
annual dinner OF the New England Society
tonight many distinguished persons were,
present, among them Secretary Sherman
Secretary Evarts, the Rev. DR.. Storrs Gov
ernor Vanzsndt, Senator Blaine, DR.. Nc
Gosh and DIR. Potter. After the cloth was
removed President Appleton gave the toast,
The Day We Celebrate" which was re
sponded to by the Hon. William NJ. Evarts'
After referring to New England and her
institutions, he said: with our hardihood,
skill and industry We are formidable oppo.
nent in the worlds competition. II we
wish to build ships, let us build
them; If we wish to buy ships,
let us buy them; let Us enter into the harvest
and reap IL. But let US understand that
none of these processes are to be carried on
except by the same courage and self denial
which made out of the poor outcasts OF the
old world the great nation that we are.
The whole country Is now ready for trade
and commerce
Secretary Sherman, IN response to the
toast, "The National Faith to be Guarded as
Watchfully as the National Life" after
claiming heritage in Plymouth Rock ana
bunker Hill, salu.
Public faith to nation is like carnage to a
man or chastity to woman; 1t must be be-
yond suspicion. The nation that will not
observe It's public faith when pledged is dis
honest, and ought to be stricken from the roll
of nations. Nothing can excuse a violation Of
public faith except an overwhelming neces-
sIty which knows no law.
All of US will agree to this axiom. but Jas Pu-
ritan preachers would say, the difficulty is in
the application. Questions have arisen upon
the construction of law relative 10 public oh.
which have honestly
f-red, but one thing was always clear and un-
disputed, that the national faith was pledged
TO the payment of the United States notes In
coin, the time when 1t should be done, and
this was only a question OF public policy.
The public fa5e be Sss noe MsTes Ttn
1862. 1t has been r peaied by congress, by both
political parties, and was made definite as TO
The time by the resumption act rejoice with
YOU that the time is near at hand when this
pledge Is to be fulfilled and when all our money
will Ue kept equal in purchasing power with
the best gold coiu issued from the mint. 1t has
be. N q hard road to travel, but when we were
driven from a specie standard by the necessI-
ties OF war 1t was certain that we must return.
and when we did 1t would be with difficulty
the voyage. We wasted our resources
before our people could be indnc to attempt
the task. Now that IL is n arly accom- plisheC,
its m m-intenance Will be easy or difficult, as
the business men of this county, md chiefly
of this city, make IL so. Congress, hitherto
doubling, waits in hOp1ful expectancy the
maintenance OF IeSumptiOn. The supreme
court is, believe, unanimously in favor of re-
storing coin as the constitutional standard
money. The president of the United States
has an abiding faith in its easy executiou.
The powers Invested in the treasury
department are ample to meet even an extra
ordinary emergency, but do not anticipate
any necessity for their full exercise.
Coin will not be largely used 10 ordinary
Transactions of business, but other forms OF
money, strictly limited in amount to a sum
tnst can safely be IN 'lntained at par with
coin, will be freely paid and accepted as
The necessary confidence that will make
this easy will depend very much u9In men
like you, who, In great marts II tr"d-, handle
the productions OF our whole country; you.
guided by public good as well as enlightened
self-interest Will support the policy
OF resumption. The notes Of the Unit
states, like it, bonds, VIII trave.
with its increasing credit the circuit of the
word. These notes should be regarded. not
as heretofore, a. irredeemabe aud deprecated
money, but as coin Ger ificates of a great ma
ton, rich In mines, workshops an broad
Eyery man sbn1Id eel that to aid in this Is
| matter Of pride and to obstruct II a just cause
OF reprosch. You may be sure that the execu-
| duty in maintaining resumption. 1t will rest
| with the business men ofthls country to make
| it the beginning of hopeful prosperity.
The toast, "The Clergy of New England"
was responded to by the Rev. DR. Storrs, and
| Senator Blaine spoke in response to the
seventh toast, "The Pilgrim Fathers" In
| the course of his remarks he said New Eng
land ought to consider what the west has
done for her. 1t has nodded and changed
| and developed New England. and just as
New England reacted on old England, the
sons OF New Euglsnd who 60 west react upon
New EugaDd. and its idess have become
more patent by the fact that the original
source has been acted upon by streams which
| return to it.
he concluded by expressing his belief in
the honest dollar and the honest ballot, and
paying tribute to the soldiers who sacrificed
| all that We might have everything
| After other addresses the proceedings ter
/ minated