The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-10-18

FRIDAY

q fife and cia9Hy M seetis stt sasap ns
inte,I;ee,,t man 81 yeracitY could be found
who would class him amongst the advocates 8
81 irreicen,ablc paper Mr.. C AL
+ uo,,s never In his life advocated such Q
ching. Indeed, we doubt II he ever thought
Of such a thing for anon gss the great men .
4 viii, whom he associated there was not one
who would have dreamed OF suggesting the
possibility OF opposing TO Issue irrede Gel
able Treasury notes as a measure OF states
manship or means Of bringing pros cf1ty
] to the country. !,
We have Z. The Wori:s of Dir. Cztaoat',2,
by RICHARD r. CRaLlE. and could easily
quote extracts from Mr.. tALaoUs's speeches
to Prove that be was opposed TO an IRE.
deemable paper currency. But as the very
point in dispute was raised in the United
states Senate on the 10th OF May last, and
IA Senator HILL and Senator MATTHEW'S
both denied that Mr.. CALHOUN had ever nd
yocated even the making OF Treasury notes tt
(ereenbacks, as they are now ealled) q iesal
tender for private debts, we prefer to quote
from the Congressional Record. On pages
. so and 81, May II, 1878, may be found the
following:
Mr. HILL: do not want to make a
sneecb. lust want to make q remark or
two. j desire to do it right here, because
think this is good opportunity for it.
The Senator from Ohio, in the very able
speech which he has delivered, took occa-
sion to make extensive extracts and quosa-
lions from the speech made by Dir. Cal
houn in 1887. That same speech has D&en
used, and is now being used, throughout
the country to impress upon the puollc
mind the idea that Mr.. Calhoun is the atl-
thor ~ what is known as the Greenback
idea. and that Mr.. Calhoun favored the
idea that the General Government had
mower to make Iegal-tender paper cur
rency. His great pane as q constitutional
1awyer being quoted to justify The exercise
OF such power is having great influence.
Now, l wish to say here, and 20 say en-
phutically, that Mr.. Calhoun never ad-
yanced, either directly or indirectly, by IN
situation or otherwise, any such IDEA. Inc
Treasury note that Dir. Calhoun suggested,
in the first place. nobody was compelled to
receive except the Government. Dir. Cal
noun never, anywhere, at any time, lntl-
timated that it was in the power OF the
Federal Congress to make paper-money
which any individual was compelled to re-
ceive for any debt.
In the next place, Mr.. Calhoun never sug-
oested any Treasury note which was not
convertible at any moment into gold or sill
yer at the option OF the holder. 10 make
this explicit I wish to read just moment.
Mr.. Calhoun said in the same speech which
was quoted by the Senator from Ohio:
..Eut whatever may be The amount that can be
circulated. hold Il clear that, 10 tina. amount 1t
would be as stable In value rs gold and silver sef,
. provided the Government be bound to receive IT
exclusively with those metals In all its dues: and
that IL be left perfectly optional with those who have
claims on the Government to receive i or Eot.
II will also be necessary condition tilat nofeS
of too small denomination should not be issued.
so that the Treasury shall have ample means TO
meet all demands, either In gold or silver or the bs
of the Government, at The option OF those who have
claims on it; With these condition: no iurIhrr va
ration could take place between II and gold ana
silver than that which would be caused by the ac-
ton OF commerce"
Mr.. HILLS declaration covers the whole
ground: "Mr. CALHOUN never anywhere,
at any time, intimated that it was in the
power OF the Federal Congress to make a
paper.money which any individual was
compelled to receive for any debt" Y:
Not man in the United States Senate
disputed Mr.. HILLS statement. But Sena-
tor MATTHEWS confirmed it, being afraid
that somebody would consider him foolish
or knayish enough to class Mr.. CALHOUN
with the Greenback lunatics. Read the fol-
lowing:
Mr.. HILL: And yet the man who utter
ed these words is now being quoted all over
the country AS iustiiying the idea OF an il
limitable, unlimited, irredeemable paper
) money made legal tender by the Federal
Congress!
i Mr.. MATTHEW'S: Will the Senator
from Georgia allow me to interrupt him?
Mr.. HILL: am not answering the SEN
ator now.
Mr.. MATTHEW'S: l desire to inquire
whether the statement which the Senator
makes is intended to convey the impression
that any such idea as that was advanced by
me, or that Mr.. Calhoun was quoted by me
as any authority for that?
Mr. HILL: Not by any means, assure
the Senator; and that was the reason why
waited until the Senator got through before
/ began the remarks which am making.
But the Senator having used this speech OF
Mr. Calhoun for another purpose, which
might be used in the same connection, and
having seen this speech used throughout
my country almost every day, it furnished
an appropriate occasion to set the matter
right.
DIr. CALHOUN thought that amere prom
use TO pay coin-tlat is, bank note
ought not to be as good as Treasury note
receivable for all dues to the Government
and which would thus be thought be
kept at par with coin. But, as Mr.. Hull
said, be never anywhere, at any time, in
fimated that it was in the power OF the Fed
eral Congress to make q paper-money which
any person was compelled to receive for
any debt. g. In the next place Says Mr..
HiLL) Mr.. Calhoun neuer suggested any
Treasury note ,ohich ,cas not convertible at
anu moment into gold or sitUef at The option
/ OF the holder"
What must the public think OF the Green
back lunatics who pretend to think that
Mr. CALHOUN favored their silly notions?
OFFICIAL VoTE OF Ono Columbus, o.,
October 16.-FuIl official returns from all
counties give the the following as the total
vote east for each candidate: ~
Gtnfo ya,>