Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-12-24


annual dinner of the New England society to.
night many distinguished persons were pres.
snt, among them were Secretary Sherman.
Secretary Evarts, Rev. DR.. storrs, Gov. Van
2andt, Senator Blaine, DR.. McCosh, and br.
Potter. After the cloth was removed President
Appleton gave the toast, "The day we cele-
brate, which was responded to by Hon. VIM.
nj. Evarts. After referring to New England
and her institutions he said: with our hardi-
hood, skill and industry we are q formidable
opponent IN the worlds competition. If we
wish to build ships let us build them Let ia
enter into the harvest and reap it. but let US
understand that none of these processes are to
be carried on except by the same courage and
seAf-aenlal which made out of the poor out
casts OF the old world the great nation we are.
Inc "hole county ls now ready for trade and
commerce."
Secretary Sherman in response to the toast
The national faith to be guarded as watch
fully as the national life''-after claiming her
itage In Plymouth Rock and Bunker Hill, said !:
Public faith to nation is like courage to
man or chastity to a woman, it must be beyoud
suspicion. The nation that will not observe
its public faith when pledged is dishonored
and ought to be stricken from the roll of ma
tions. Nothing excuse violation of pub
ilc falth except overwhelming necessity, which
knows no law. All of us will agree to this
axiom, but as our partisan preachers would
say, the difficulty is in the application. Cues
tlons have arisen from the construction of laws
IN relation to public obligations in which men
have honestly differed, but one thing was al
ways clear and undisputed, that the national
faith was pledged to the payment of United
States notes in coin. The time when it should
be done, and this only was q question of pub
lie policy.
The public faith was pledged with the issue
OF the first note in March, 1862. 1t has been
II fNxtr :
aud was made definite as to the time by the re-
sumption act. | rejoice with you that the
time is near at hand when this pledge is to be
tulfied and when all our money will be kept
equal In purchasing power with the best gold
COLI COLI issued from the mint. 1t has been hard
specie standard by the necessities Of war it
was certain that we must return and that
:"hen we did it would be with difficulty and
suffering. We delayed too long the voyage.
we wasted our resources in unproductive enter
prises and riotous living before our peopIe
could be induced to attempt the task.
Now that it is nearly accomplished its main
tenance Will be easy or difficult precisely as
the business men of this country and chiefly
OF this city. make it SO. Congress- hitherto
doabtlng waits in hopeful expectancy the
maintenance of resumption The supreme
court is, 1 believe, unanimously in favor of
restoring coin as the constitutional standard
money. The President of the United States
Will not only enforce the resumption act, but
has an abiding faith in it's easy execution. The
powers invested in the treasury department are
ample TO meet even all aItreme emergency, hus !
do not anticipate any necessity for their full
exercise. Coin will not be largely used in the
ordinary transactions of business but other
forms OF money, strictly limited in amount to
sum that can be maintained at par with coin,
can be freely paid and accepted as money in ali
transactions and for all demand
The necessary confidence that will make this
easy Will depend very much on men who like
you IN the great marts of trade handle the
productions OF your whole country. If you,
guided by public good as we'll enlightened
self-nterest, will support the policy of resump-
ton, the notes of the United States, like it's
bonds, will travel with increasing credit the
circuit of the world. These notes should he
regarded not as heretofore as irredeemable and
deprecated money, but as commercial certii-
Gates OF great nation. rich in mines work.
shops and bread-felds, and richer in untarnish
ed honor. Every man should feel that to aid
IN this Is a matter of pride to obstruct it a
Just matter of fsproach. You may be sure the
executive branch of the government will do it's
fnll duty. 1t will rest with the business men
OF this country to make it the beginning of
hopeful prosperity.
The toast, ''the clergy of New England"
was responded to by Rev. DR.. Storrs, and Sena-
tor Blame spoke in response to the seventh
toast, The Pilgrim Fathers" In the course of
his remarks he said: New England ought to
consider what the West has done for her It
n has moulded and changed and developed New
England, and just as New England reacted on
England the sons of New England who 90 out
West react upon New England, and it's ideas
have become more potent by the fact that the
original source has been acted upon by the
streams which return to it,
He concluded by expressing belief in an
honest dollar and an honest ballot, and paving
tribute to soldiers who sacrificed all that we
might have everything. After other addresses
the proceedings terminated.
AT SAN FRANCISCO.
SAN FRANCISCO, Dec. 23.-The New England
society is celebrating forefathers day by ban
quet at the Cosmopolitan hotel this evening,
which is largely attended, ex-Gov. Low pre-
siding.