The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1878-03-14

; during, voluntary specie payments
without expense or embarrassment tt
TO the Nation"
GLOW can you get hold of tho bond:
to do this p
at is a large, but Indispensable un
dertaking; its full accomplishment
will take years. But there is avail.
able now at the call of the Govern
ment plenty to commence the proper
bonded construction, and approach
: ing maturities will supply the calls
as rapidly as judicious care can prop
erly issue the new bonds"
"Do you think the loan can be fund
ed at four per cent. ~
Eyes, sir. We wrote much urging
legislation in 1868, to do at that time
what we now propose. 1t could have
been then more quickly funded at foul
per cent. than now, because the labor
ing classes then held largely of the
capital OF the country, as is plainly
evinced by the rapid growth of saw
ings banks after the war, by which
thew have now lost their money. Still
it caa be done now by our system
without a possible doubt"
W III YOUR SNSttlH ttiiu W luui tilG
debt at home ?"
This is one of its most important
features. 1t will fund every dollar of
it at home as rapidly as new bonds
are constructed, and in the hands of
all classes OF our people and all Sec
tions of the country alike"
will you deliver your lecture in
Chicago?"
at is my expectation to deliver it
before your board of trade, but n
their present condition of excitement
it would be absolute folly. Ny lee
ture is material for calm, deliberate
thought and reflection"
Gould YOU not deliver it to pub
lie meeting 2"
"Well, could. But my purpose is
TO go to Washington and present it,
sustained bv resolutions of compe tent
thinking commercial organizations.
This will secure its early consider a
ton in the House"
"Will they not consider it as well on
ground of merit:"
Not as promptly. The country
wants promt action. Very few of the
members of either house have any
practical financial training, and do
not so readily comprehend the i'm
portance aud merit in the system
present. If it took six months dis
cusson to restore a silver dollar of
Alp 1-2 grains to the position CEN
fury of years had qualified it as
most practical standard, how long
would they discuss problem which
(perfectly plain to us) would be en-
tirely new to them in all its functions.
Congress for twelve years has been
discussing abstract theories on tech
meals. Ii never has appreciated the
great, broad principles that underlie
an indispensable, permanent, financial
system for this Nation"
"Do you think you can get your
system adopted? 2"
Yes, sir. Ii must become the finan-
cial system of this Nation, and will
be the best, most simple, and sublime
of any National financial system of
the world. The Nation cannot pros
perously exist without it. We shall
have no restoration of prosperity or
confidence until such system is
adopted. Increased depression and
bankruptcy Will continue until then.
Then alone can we commence to re-
construct confidence aud shattered in
dustries. How deep legislation will
allow us to sink before such adoption
cannot conjecture"
How will you effect these desirable
results?"
"By so simplifying the bonds in
their mode of construction as to make |
them Ineligible and accessible to |
every mind aud all classes of people"
"What do you think of the post |
office savings department, now under
discussion ?"
81 think it another very weak spoke
in a rotten hub-an oilice-making ma
chine for some thousand eXpectants
at the expense of the people. Our la
boring classes have no desire to be-
come the wards of the Govern ment;
they want only fair and equal chance
with the rich of the Nation, and they
will then take care af both themselves
and their money"
''How will you provide a savings
clause in your system for the laboring
class 2"
MY system contemplatcs no classes
in this Republic. 1t recognizes man
rs man, only provides the most sim
pie, secure and abundant savings de-
partment for all our people in itself,
n which there is nothing too good for
! poor man, and nothing too bad for a
'ich one"
Can that be done without addi-
ional expense to the Government %
Certainly, it will all be done
trough the United States treasury,
With a reduction, when once: estab-
ished, of at least one-third, and per- |
Iaps one-half OF the expense involved /
II maintaining the present bonded 9
onfusion." /
"Are these facts all shown in your f
ecture 7" C
"They are all clearly demonstrated
here, as is shown in the resolutions t
f those intelligent boards of trade to r
'hom have presented them" $
"Shonld not Chicago have your O
nbject presented in some popular Fl
'ay that her people may understand C
"Such was my purpose in coming
, you as your sincere friend, with p
ne burden of my reflections. OF all .
he cities of the Union none possess b
lie recuperative powers of Chicago, II
FL none are now SO eminently in the il
)rteX OF this financial and CONNER il
al maelstrom A continuation of b
lis National financial confusion must m
evitabiy engulf her. Look at the b
rong and seemingly impreguable k
ianclal and commercial organiza- Ii;
ons of 1876 whitening as delicate 70
,wer before May frost in 1878 sc
here are circumstances under which G
difference and ignorance may be pl
iss, but, to the thinking intelli sence re
Chicago, apathy and indifference at or
is caisis is criminal. Ii she owes m
thing to herself, she owes to her lii
editors abroad sincere, intelligent ar
ort to protect their confidence from br
:rtice." II
Would you be willing to deliver IN
nr system TO a public meeting p az
If could feel assured of the meet SO
3 embracing deliberate, thinking
ads, sincerely intent upon the res ola
'atien and prosperity of the coun- pr
2, 1 would make the enunciation is
til great pleasure in Chicago, if an raj
'ly moment will offer" ha,
dr. Woodman is, in spite of White the
lrd and hair, a well-preserved gem pre-
man of apparently fifty-tive years. the
has very agreeable manner, talks the
ID ease, and expresses himself clear the
lie has given the financial prob ger
much thought AMI research, and alo
hardly fail to interest any one eyf
Q has intelligenily investigated the ing
ject. 1t is hoped that he will have ent
opportunity of talking to the bus- vid
IS men of Chicago before he de- pee
is. viii