Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1878-10-09
BLAINE At DEs MONIES
Extracts From His Great
Speech.
Twenty Thousand People at the
Capital-Immense Enthus-
iASm,

ArI
Ewenty iho.'s'nu : oUp.o ="
o"P'' Il
p,.. In
The Hon. James u. bialne WIS
in a NEAT. brief speech by
,ou..,or f,..r and smoke "A follows
Governor uear snu sp Dn.rss
A.. C,,....., r,,d,., and Gentlemss u Io,ps IL
M. Chdtrmdn, Lcc T., ' ,srsrd - ~ oyess;cr -
sIs oD Which Iii men srs supposed 70 ssrse
n ,n ai ,snS 10 have \
'"s '""" ~
sfAhtA cuAANcx
anse, that 10 nos subject % polIticol n0itatIon
view Of these RreaS uYinofpIeo n which it IL
opposed that iii inea ssrso, Weotand TO- day con-
Iuntrv that Dronoaes N ss,hnit the future of the
ltrency q this copnery to be determined from /
Al % year by I voee 81 the National Congress. |
ansr monsv al ihis country. Il 10 equivalent |
o.day "a ooin I see before me here to-day men |
Tho lived in Iowa when II was . Territory and |
hs var. who were here during the war and who |
,sye been here aimee the war, and ask them, |
81 ne sray- haired men here, I ask the men Of
nee. thew have ever Known the paper currency
in Iowa 10 be 40 nearly equivalent
vith coin a. II Ia to-day? [Crioe OF emo! New
to
" noeiiiye ieaislatIon Won viii IA forth on Cruz
sde Of measure 70 de6sss snd destroy IL equs-
" with coin. / submit to you here, men Of
owa, to-day, that the question Is not whether We
mall nave resumption OF specle paymenss We
ave ~ 10y 70 5e s x0 en- SnA ..sS
~. RsPs. ~. ~ S IL ~ h.,. oss' .rss
~ s,e s.s;t ~ ov'e ~ fhs S1
oapeI ID tAe miner ifacsi0n ol CENT eeo sn oee
ohC VIC Yu0osAOA w W vVscA 0PVu ~ yVNA Ssosp
.poI ausiusy 't IA. M.s We va" ~ AVA
"asu anu nss0 1esun'p'Aon' ou'
ind destroy resumption. That 10 the question
Nov let ms trace historicaly the great facts that
nave brought IL To where We nov etsnd, You
Jan all in Tits vast assemblage. with the exception
war. Il seems INF yeeterday, When the war
,,e0sn. ne Ind nothins IN this Country but the
State banks. we had nothing in the treasury q
Iincoin called Consrese 10 sssembie ON The 9Th
day IF luIv. ISL he csiie6 II To confront great
I.S.liion, "A yhen i. 81 found sIs..uIy Witch
whateyer ma The flrat thing 10 aid was 10 recon-
mend lon. nd ! loan ofswo hundred ana any
miiiions ~ doiIsrs Of
ri UNITED STATES DEMAND HoFfs
were aa!norised aiso: InSse nSsss weTe pa' ans0
among the people and in the course Of nye months;
~ as.o NJ see non nmntrv bv
threatened rupture with England, tie result ,waa
that the government went to D.osess on f hs
days Of iSsi, in January, 1861. they met again
with IN empty treasury; They were COMPELLED
az he success ofths vsr IN.
measure which authorized the Issue Of one hun
area ana n'ty millions Of oo'.s.s 2.
A.sA. .N.A .
.ps iSaa see hsiore ma W.s ~ MA 10 Won
ers for your products, il was paid to you mer
chsnts for your goods Before S the year was , gu
for and voted and before the year was out thu
hundred and ay millions vas gone and sse gov
OonSress met on the Srss day Of Decembsr, les
the result was again, a. have stated it before a
mpy sss sif:t an spSd M ncoie suSmte
his message in December, 1858, embracing taes
.st that We had or e ia se,sr
per - isr q We could issue it. and that II Y
continued % Issue legal tender paper constant, ,s
SoRPreW one single dollar in the mercantile and
nsncial world: Well. there WAS very extr.o,
sns on tbs et OF Se
the Treasury. The army had thirty millions :
Pay d9s 70 y; me Is s neo nos csns II
snns legal tender paper without stunt and with
GU. limit no man can seli 4 he loans tne govern
bscE sxceps ~" Therefore he Situation nus
have said. was critical We could mot Issue Pr
Wy aps , S.t sv IA 70 tSsn hs9
some ready cash il. the treasury, and The resu
1gsi = 81. sTdys nn W 6s wnen 'nere are
rurs. 70 cowp,oxn,
and that comnromise ~ tht.: That the secre.or
Of the Treasury was authorilsd to borrow none
n ss sn@ e Is ,sge &c & g IS me
borrow one Thousand miilIcas Ct dollars under d
bill, that was passed. and he VS. also given Z
lions Of legal tender paper, because the situate
was 90 critical, the demand was % urgent that !
hsye n ststeS"s n And he statutes
the United States which hold now in my han
sn % IeSc s, .. t1ns 81
Il was not Republican measure. Il vas moi
MEASURE in which the Rsgu Pr sriumpasd 81
resist. Il was : measure that every Democrat
senator and every Repnblicaa Senator snpporse.
tstive and eysrv Rernhicsn ReDrssent.tivs sn,
ported, And Il passed, Nc. Chairman, BY On q
gress. Now. that MEASURE and that compromi
was this: We
APPEALED TO THE WORLD TO LOAN I
MONEY.
All the world stood ready to loan Il
money. hut vet All the financial worI
on this side Of the Atlantic and ON IN
; other side said. eve cannot afford I
|, loan money 70 the Government unle,
we are sure that We win ret none
back. and IL Won persist in destroyin
your currency we cannot afford to II
vest in your bonds" and the resu
was that Congress. considering tb
gravity of the situation. understand
ing the magnitude of the crises. pu
into the ststutes.of the United State
this great compromise. Thew sait
"Go on. to the Secretary ofthe Treal
ury. .borrow ali the money Won ca
and assure all the men who ubscrib
to the government loan. that we hay
made this declaration. that while "
give YOU SlOO.OOO.OOO addition,
greenbacks to be used at once in pa,
ing of the army. and while we civ
YOU $4,000. 600 additional ereenbsch
for the redemption of the temporar
loan. we want ii to be nut upon IN
Statutes Of the United States AZ 70
lows:
"Proyded that the total amount {
United States notes (theee greer
backsl issued and to be issued aha
/