New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-25

regty Of the Government ~ the United states, anu ac-
cordng to argument, its depreciation this day
owing to decentralization and no other cause You say
YOU stand upon the letter OF your contract oohceone
applicable 10 the bonds issued since 1873 as
those issued seore are you not standing IaIm upon
Tie bank that is guswnS away mat which threatens
HE stnfu to in which 1t before reconciliation;
going to restore silver to the standard Of gold is IT not
youT dufy restore it actually Are yon not bound
10 pnt where IL I'm point Of fact wei where
Il was in point OF time! simply throw these sueges-
tiI out or strikes me that the repeal OF the coinage
of silver has something do with this question.
MOI upon question OF law but upon higher question,
national credit and individual credit are two very
Mr. President. whist believe that the honor OF tins
aoon Inc fact Ina, 40 assault upon his honor Will in
inre It's credit Whenever its policy is such 'as 10 run
ahwaTt the interest OF those who, trusting IL, have
sir: Before the man who stands with bronzed brow
and hardened hand and bent frame from his struggles
with the earth for the substance Of himself and his fam
lily ! stand in modest de0erance and respect
nave felt the hard, warm grasp of their hand
and owe 10 thc5; all that There IL another class
oblYton ihan am even TO those who have worked the
earth and the material agencies of Nature They
those who work with the brain VINO. IN silence
aud in their closets, develop the great laws whieh rule
society; who resolve the phenomena of human
into its original elements aud discover the
laws which control governments and societies They
men of genus out Of whom how the great thoughts
of which constitutions and laws and Institutions are
IN" mere embodiment Ii Is to them that am indebted
for The views which control in This vote, and they
have given forth the world The considerations that
have moved the enlightened Governments of Europe in
the management OF their finances.
Sir, know nothing OF boRdholdeIs. Throughout the
entire range Of my acquaintance there are bnt three
persons know who are the owners OF United Stttes
bonds VIII the Sen0te bear with me while state VINO
Of of'S the arc most G0 UPRIGHT mem ever knew in
all my life, one whose rectitude seems TO
all who Know HIM lie never handled dollar that he
did not earn by toll OF mana or ban q" ma, nc ad not
vision for his family ana bcncfac,ions which were geu
erOus aud munihcent be found himself, at the cad
Being no SPECTATOR never having in his life, suppose
bought sold for profit, and there being property III
with security, Tor, alas III III! stare property WIZ
poorer than labor, and more greyons bur
object OF Investment, he simply bought United
bonds depolit Of his funds. Another was an
and virtue. amassed sufficient fortune 20 purchase him
plantation in his declining years. Tue fortunes OF war
real estate, which in 1865, before the d, solating
n,rjes of reconstruction came down there aud
devoare everything, he sold and bad just enough to
come the old man and hi, aged wife lives in small cot
tage educating then boys our college near my little
There is still another widow woman with three
converted into money and there being no other III
vestmont. Government bonds were bought ard win the
income Of those bonds they fad shelter aud rament ad
education for the little Sir these are me
only boated bondhoders that know OF III Al! tAs w"i.
do not believe that any distinction exists IN this
country all the capitalists on one side and all the pro
ducIng classes on the Otaer. IL Is oS,loe ihis
should be in a country Of institutions like these sir
property is too shifting, fortunes are too nutabe
TO organize society upon any such psi+' ei.h
who are lab0rcrs one day, IN n few years
by industry and energy become capitalists whilst those
WHO were capitalists become IN e OF i"i @
and the laws Of trade, among the class Of aboer ana
there Is not citizen OF this great republic VINO
can ever Vote against tue laovLiuE classes 9i
this country that he l. not Of striking terrific
blow the interests of OF his own descendants
Sho destined, Ill the course OF human events, To
swell the ranks Of The laborers OF this country nor can
any against the capital class of this country
that he viii not he throwing obstacles III lhe way o.
his poStority TO rise TO emnence aud to fortune ana 10
| cannot forget one thing that Of the South. Mt
lest, much 81 The success which has been mac f"r
Inent TO the Conservatism winch capital eXcred upon
its administration. Bat for that do not know but
would this day he under the iron rule OF tAe force bills
which defeated but Il few years ago
A COLLOQUIAL TALK on SILVER.
REMARKS By COMING, THURMAN. EpMCNDs AID
OTHERS.
The question being on the amendment OF Nj CONN
LING 10 make the resolution joint instead of con
current one Mr. COukling spoke briefly in favor OF that
amendment and said the Constitution OF the United
states deposited with the President one-sixih OF the
whole lawn king power Of the Government. nc thought
should have the sanction OF tue Executive a. wei as OF
the two Houses of Congress.
NJ. THURMAN Dem, OhioI opposed the amendment
He said there were certain matters which properly be-
treated by concurrent resolutions. Among them Is "a
declaration OF opinion by tie two Houses OF Congress
when they may deem such declaration proper. II was
not his purpose 10 speak upon the Silver question until
the bill itself should before the senate, but there
thing TO which he desired 10 refer Srnit II arf
declared that the Act OF 1873 denonctz The
silver dollar. 1t did snch thing. The silver dollar
was dcmouetzd by the Revised Statutes. bat they
not intended 10 change any existing Jaw. They were
simply compilation OF the laws rs they eAsc ~ the
date the adoption of the statutes The silver dollar OF
4l2la grains was full cSaltender for all purposes ana
had not been legally dsinonetiz'd The arsnent haa
been made that silver dollars were not In existence a
that time and therefore, the bondhOlders Gid not cN
pect TO be paid IN silver As well mlght
such an argument be made against gold
The coinage act OF 1873 step IN the direction 81
demonezing silver but IL not actually demOGctizcd
until adoption Of the Revised Statutes Ia 1s11 ~
had been argued that injustice would be done 10 those
who purchased bonds since 1878 II the Government
should pay It's bonds in silver, tut he (Ir. Ibuinan)
would cndcavOr to show when the bill Itself should come
up consideration that the payment OF the bonds ia
silver would not do Injustice TO any one.
Mr.. HERMAN Dem, n. " said IL had been argued
that our bonds held by those who were wealthy lie
made no distinction account OF wealth. Every man
in this country should have equal protection before The
law be he poor or rich He denied, however, that the
bonds were Led by the rich The report OF the ou?er
showed that the class OF banks which are trustees OF
those have small savings hold about One-twenileth
of all the bonds issued by the Government The bonds
arc held by all classes OF our citizens
Mr. THURMAN said he had never INDUCED In any re-
marks = TO who held the Government bonds. No mat
ter who held them, they had the right to be pald lie
argued that the reconciliation OF silver would place II
side By side with gold IN less than twentyfOur hOulS
and no injustice would be done to any one,
The debate continued In colloqulal manner ny
Messrs. EDMUNDS Qep. VT, THURMAN ana XXX
NAN and 40 435 y. III. the senate, on motion Of MI
DAVIS OF Illinois, adjourned until tomorrow.
HOUSE OF REPRESENTATIVES,.
Tho House nrncpp1pl at once 70 day TO fine