Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-24


OF the sale. Naughter.) Manifestly that man
was NATIONAL banker. The banker occupies a
POSITION between the people and the govern
inent, receiving from both and giving to nelth-
er. The man got half of the proceeds, and the
negroes did ell tho work. Qaughter.)
HOW THE BANKS BRINa THEM TO LIMERICK.
Inc power of the national banks and their
influence was further shown by the sacrifice of
dorham, the secretary Of the Republican Con-
gressional committee. He, after the Maine
election, advised the overthrow of the
banks, the 1880 banks overthrow him.
Not to be personal, but others had dealt the
dose out to him plentifully, the Pioneer Press
owed $4,000 to national bank, and thew
were carrying it along, and if the screw was
turned like the garota used in Cuba, out would
! go life. Hence those long-winded financial
| articles, word after word and column after
column, SO diluted that they reminded one of
chicken soup. Naughter.)
Some people urged that Congress ought not
to legislate on the currency question.
It should be left to the banks,
Congress ought not. That Congress
which has the power of life and death. It de-
ciares war, and can draft every man in this au-
dience to serve and fight its battles; it regu-
lates commerce. Its powers are unlimited, vet
| 1t ought not to legislate on currency; that
should be left to the big Drained, generous
| hearted banker. The speaker then described a
typical banker to be who, if his brother asked
for 30 900 and threatened to commit suicide,
would ask, where's you collateral. daughter
| To leave the people to the mercy of such an
IRON bound system was preposterous!
The speaker now paid his respects to Judge
Reuben Reynolds. He said the gentleman
was profound thinker and was doing some
speaking just now throughout the country.
he holds upa silver dollar, and says, I'VE are
the hard money party" He forgets that if
silver would not be money any longer. Silver
l which had been money since Abraham's day.
He is forgetful of the fact that the Republican
party demonetized silver, and in secret, COW
ertly way, that for two years the people were
not aware that it was not receivable for more
depreciation of the market quota
tons of bullion. Then when it
was discovered to be hid away in a yoluminous
act of Congress, they, like Pontius Plate,
washed their hands of it. When they were
compelled to repeal it, the President vetoed the
will of the people, and two-thirds vote was
necessary to pass it over his head. The gather
ing storm of popular demand compelled it, yet
| the Republicans, having power in the Senate,
made it only partial reconciliation, because
they limited its coinage to $4,000000 per
! month. During all this silver was decried (:
1t was declared nuisance, cumbersome
money. The Pioneer Press and the national
| bank papers declared we should have only a
mono-metalic basis, and not a bi-metalic.
Whenever there's big fraud to be perpetrated
it is concealed By big word, and a Latin one
answers all the better.
NO DANGER OF TOO MUou HARD MONEY.
The people conceded that some people might
fear the issue of too much paper but who ever
heard of too much hard money. Yet the Re-
| publican party had restricted it to $4,000 GOO
per month, and drove from the
doors OF the government mint
the country's bullion to other shores.
He said there couldn't be enough of it, and
| drew very laughable picture of procession
| going to La Crosse to get the cumbersome and
ighty money, if John Sherman were to adj
vertise on such day that grand distribution
| OF the bulky money was to take place. It ia
not distributed to suit and meet the demands
of the people, S55, 0O00 600 of silver were locked
up in the United States treasury. John Sher-
man had avertised that it would be exchanged
for gree, gfesnback Ks on on Sept. 9Th
purpose? ALI this did not occur by
accident. 1T was a well-devised and consum-
| mated scheme to make the rich man richer and
the poor man poorer.
An ILLUSTRATION.
The speaker then made an apt and beautiful
illustration. He stood at great railway centre
in New York, and with his thumb covered the
diverging point of the railroad tracks, one
leading to the fields of icc-covered
Manitoba, 'the other to the luxur-
ious wealth of the eternal summer
OF Mexico. Thus was it with nations. Their
| divergence eith-g to ruin or prosperity started
from small and Insignificant point. Our ma
| ton had arrived at this point of departure.
| We had before us the road to communism and
ruin. To avoid this, there were those who
urged strong government, and in Grant
the symbol of stability and strength of govern
ment. When the labor riots occurred year
ago, Jay Gould. the owner of the Republican
Tribune, capitalist, said he would give thou
sands were Grant in tho white house
for forty-eight hours. And where is
Grant now? Wandering about Europe
menagerie. Laughter.) What is he doing? Is
he studying the workings of the monarchial
governments, forming alliances? Many may
shrug their shoulders and cry out bosh
at any such inference, but recall to memory
that these same doubts were expressed when
civil war was threatened by the South. Presi-
dent Lincoln was thought to have oyeresti-
mated the duration of the war when he called
out $4,000 men, and Sherman was almost in
carcerated in an insane asylum as a lunatic
when he said 100000 men would
be required to opeI out the Mississippi river.
MENACE TO THRNoEs.
He then called to mind the action of France
and England during the civil war in regard tc
Mexico; reminded his hearers that the arts
tocracy of England armed and equipped the
Alabama to prey upon commerce. Their
motive was plain. SO long as republic en-
dured in America monument of mans
capacity to govern himself, so long is the ma.
ton standing menace to every throne
in the old world. Lord Byron
wrote the history of nations in his aoliloquy
on the coliseum of Rome. His was the mora
of all nations. We have secured liberty, OBJ
tanned glory, acquired wealth, adopted corrup
ton and vice. It was left to the American
people if in the end they would fall into des-
potism. (Applause.)
solIE QUERIES.
MIR. Donnelly asked if he had ever beer
known to be false to pledge he had ever give1
during eleetion? Was he ever known torhave
stolen anything while in Congress-? Their
the speaker related that Parson Brownlow, wher
he first came to Washington. fel
very queer, thought he was sick, and retired tx
his room. There he found he had b en- seizet
with an almost uncomfortable desire to steal
Iaughter.) The atmosphere Of Washington
had SO affected him. He pointed to his caree
in Washington and defed his most malignan
enemy to bring such charge against him. TIL
stock of the Southern Pacific road and tn
| them. A wofui charge to bring. But then
though they charge me with declining both vii
. not give me credit, but say I declined Their
because they were worthless. daughter.
A heinous offense, surely to decline worth
J less thing. (Laughter.) 1t mad been state,
that four days before the expiration of hi
} term of service in Congress, he was asked t
} help the road, and was made the above offer
, No legislation had occurred previously, so i
c could not have been for past services. But
] didn't accept.
IN CONCLUSION.