New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-27

,- e., T. Inc or grows higher or be obliged to conform
itsc in VA h in any pgard TO the dollar OF any o,nef
ration OF ne world kecpg mscr o., no conntrv nd
ins. sf :rlt the measure OF value s1ali ren"n
fixed sauiar" 20 Pun , he rei,tor AID he
shall change equally ana alSe lot INC az y, a IA ,
Fior pC' al tar dollar based upon supposed %1' Wh"s'
chau,c- always have given me oIeIerIS t tT ~"
TO give Tire crcehpack cIrICnoy mus i',,a
Gv,I ami stable value, ! wo1id make " iuniaot
at Az d IiI :, neoTle in COUPON or registered bonds
of rftv dol airs and tie mulupes thereon M 10 ten
layab'c scrnramuiiiy, which bonds Should ne recon,
vcf;hlc iat, currency al TIE pleasure oi t.e Ao--r d"
every ruhlic C"rOstorv. Tins. would have c'fFtA'l
better Pod currency unalt erabie III value oecd'
founded tlOu ibc Wc1lin, power ana properly tttu'
ne I,ollt "ins1 i = l III NO " would
to." w., , ~" 80 ,t't,o,oI bcuJ ms voi,i 1--WE 10
in",h mo W. No.'" It'll ",' ,,,r ,,ctt.r tt4r any
other capable Il a times OF beng invested FL nome ~
v e. now IN fbr best Goycfnm mt Securities invested
In ,"rcision. Mr. Batter said he had sEetched IN this
system 81 finance nine years ago. II wasnot pop
more ana has hc"olt thc demand OF tie people
BUTLER SHARPLY QUESTIONED.
Mr.. CBlrTE>DEN MAKES \ CAPITAL POINT WHICH
BUTLER MEETS WITH EEPARTEE ONLY.
The speech ended "a O'Clock. but before he had taken
his seat Mr. CHITTENDEN (Rcp.,N " rose to ask him
some questions lie asked first, what would become Of
tie poor men and women who had owned Tj00.0OooOo
OF savings bank deposits when United STATES bonds
turned from EuiOpe and when their price fell, as Mr
vaiuci
Nj BUTLER-Tnis viii be what VIII happen to them
p1sit not in uci cent bonds but in tunbledown rea
estate in Ncwiork, that Is not worth - cents Oh Ae
Mr. CHII1ENDEN-Dot the gentleman mean 10y That
that every bank in Massachusetts, ana Nt"i"-A
Mr. BJ;TIFl:-rhey arc SO far as United states bonds
are concerned, bankrupt to-day. Ihey nave nos s''
W. CnIrfTGSDEN-That is no, answer; Docs the
Ccurinau that all The SAVING, DlnhS {" N,"-1 on
ana MASSACHUSETTS, VIII be- aud Ought to pe baAIuptc'
BY tho return OF these bonds ,. 49,. .,i. no, ~,
bankrupt lIAuelter.l They will be bankrupt because
value of them securities IN real estate, IN 'lr1dGs
and In everythu cSc hut Government bonds, has been
sunk three times by their internal lust of gold. Az
p!suse by members gathered IN ring around the Two
Mr. CHitTENDEN Cexctedlyl-I wish to hold the
gentleman 10 the point.
Nh BUTLER with provoking coonessl-Weii; am
Mr. CHTTTENDEN with his voice at hlgh st pitchl
II you ~ an advocate of unlimited reconciliation Of
silver, force back this county the many htnired
millions OF bonds now held IN Germany am tA+F'uI
break down every savings bank III NassAcDusCtS ana
NeV-lolk. who viii he held resp"nsipef Nl.I mol you
DC fairly entitled TO be hung to the iamppost hee Ve
desired the secretary OF the Treasury 10 DE hdu8
Shouts OF laughter and cncoar1gcment.
Nj BUTLER with disturbed sercuity)-t VIII take
ny chance WIKI the rest when the lampI0sts couie
around. lave no fear on that subject. Eht IL 50" not
be tho return OF the bonds that viii break savnss
banks because they broken and are breaking they
Mr. CHITTENDEN without waiting for Mr. Butler to
cOlne stOpl-i know savings bank that has zen
q
take i've millions Tor them it viii be ruined and It's
10000 dcpos:tors with il. The poor people tor whom
Won profess 10 sprdk-tho iahGrug men and wOmcn-
there axe 10000 OF deposi,ors that one bank
and they viii Oe sent 10 DeSg,Iy forever
Nj. BUVLER--AuI the directors should be hung TO
lamn-puSt. and roasted afterwards. tLaugatcf.J
Mr. CuIrILNDEN-I am no joker. .,
Mr.. BUTLER-I know that. lehouts OF laughter.
Mr. CIiITTENDEN-l believe that the gentleman rom
Massachusetts moments of seriousness, ana now
wish to appell TO his possibly serious temper
NJ. BUrLEK-i never Was in better temper IN my
MIR. CHITTENDEN-Iw wish to ask the gentleman If he
thinks VIII Ice any prosperity ~ ths country
prosperity to the IahUrG 10 the farmer 20 iHe man
who works in the baeksutn's shop, the shoe sHop
uEtl con fdvncc j. restored t. capl VIII your ever
lasng irrcdecndLIe, miserable srcenbaCks restore mat
Mr. BUriER-If the prosperity Of this country de
Ponds upon ihc per cent difference between gold ana
Mr.. CHIrrENDEN-Now, come right down to the
work. my TREND. Shouts OF laurhtci.I L. you nave a
house build or horse To buy, sou know Wuat lracu
bust. Is ask you 10 come ~ TO the worN You
have spoken disresUccuy mere Of BANKERS and brokers'
Out u the go members OF this House 20 are lwt eT
Mr.. BUTLER QIeniheticaiiy u "isn ma! my were.
Mr.. CHIlTENDEN-NOw, ak you To doll your gown
and ieii whether without confidence 10 capital you
Ttst re prosperity 10 this country
NJ BCTLER-I should great ded IatAer nave q nt a
dauce winch been fully bestowed capitalists
that The country il ruined.
Mr.. CHII1ENDEN-Inen you think The basis OF eteI-
nal miserable -rccubacas Is better!
Mir BUrLER-Ycs; but nor quite eternal ! say
again. anu want you To understand, that !ook uIou
gIecIbacas based on tie strength, the power ana Le
veal OF tle country, as great deal better Dasis t.
god, silver. confidence. li.1ucnierI
MIR. CuiIIENDEN-I WISH 10 MAKE final remark.
Mr. BU TLEf-I am glad u hear H. Laughter
Mr.. CHIIIENDEN-Tne gentleman mas represented
ms speech gOingtO the Cerks deck Wlth nye-
dollar bill. WISH to correct him; 1t VAS tcI-dOIar
bill
Mr. BUTLER-I beg your pardon sir would not ac-
cusc you Of having anything III colnm0u WIN the
laDoring man 50 low as hve-dOilaT Olii. liaughleJ
The committee rose and the House, at 5;15 O'clock
adjourned