The New York herald., 1878-01-16
statement win therefor. correctly represeu. tho

IN return Tor THIS sIupendous money power II sim.
ply acts as an agent transmitting The currency oil
the United States from the Treasury the people.
THE IssUK MADE uP.
Sir, mus Tar ! have spoken. in pointing out what
CONCEIVE 10 DO the vicious legislation OF this country
ON the great aud paramount question OF ITS finances
There are two opposing idens this subject now
thoroughly aroused into vigilance and activity. On
the one hand Is the vast money power IN all Its vsr
GUS ucveIopmcnts Of bonds banks and savings asso.
ciatons aud on the other are the great INDUSTRIES the
active BUSINESS and the aborIng people The ISSUE
mas been years In making up, but It is now Joined.
turned AZ last In defiance and bold warning upon their
oppressors They are not in favor OF repudiating a
single dollar OF tho r. public or private debls
WHAT PEOPLE DEMAND.
They intend 10 pay everything they owe, but they
violations OF oblIgatons and breaches oil pubic faith
10 order TO Increase their Indebtedness or taKo away
their means to pay t. They demand, too that certain
FSrst--rhose for whom speak demand the restora-
on OF the silver dollar exactly It stood before It
was touohed by tho act OF February, 1873 They de-
sire that " shall have unlimited coinago not fearing
that will become TOO plentiful Tor their wants
that II be made full legal tender. believing that 10 IS
as good now with winch pay all debts puoiic and
private as 1t was during e'ghtyone years OF American
Seconi-Thcy demand the repeal, uncon dnonally,
oil the act of January H. 1873, compelling II resump-
tion oi specie payments January 1879 holding that
the question OF return TO y specie basis Tor our
rency should be controlled entirely by the business
interests OF the country. They do Eot believe that tho
country snout DO dragged through the depths OF
rum wretchedness and degradation order 10 reach
agoid standard for the benefit alone OF the income
Thfrd-rhey demand that the national banking sys
tenn be removed, and circulating medium provided
by the government for the people, without taxing
them Tor tho privilege OF obtaining u. And thcy ask
that the amount thus placed ~ circulation shall bear
reasonable and udicous proportion 70 the business
transactions and tho population OF the United states
EourM-They demand tlat the currency uihorized
and circulated on the authority OF the government
shall be made legal tender In payment OF ali dcpts.
public and private including all dues 10 Ihe govern
mcnt, well knowing tnat II Will then be at par with
gold, or more likely at a prem um over IT,
policy OF the government be framed permanently IN
thor interests that they shall be Disseminated
against in uture legislation as Ia the past and that
their prosperity ana not tho mere growth Of income
TO retired capitalists shall DC the primary duty oi tho
In my judgment, SIR, these demands are Just and
moderate. | implore Senators not TO suppose that
thoy can be disregardod with safety II they are
Jected nov they will be renewed hereafter with still
greater determination and perhaps with Others
added. plead for the financial credit of
the government. IL rests on tho popular
will alone, ana that Will can no longer DO dehed or
menaccd win impunily. The people arc sovereign,
and trey can bind and they loose II the money
power Is ADVISED with wisdom it will stop rolrace
its steps II conironts power now mighter than IT.
seli--s free people at tho ballot box Innueaced and
united by u sense OF injustice and oppression IL,
however, II Is Joined to s golden iio; II It's heart Is
hardened and neck stsned by lis posses
II the burning lust OF avarlce have made deaf
voice OF reason and bnd 10 all human experience It
Will push on IN lis career until II works It's own de-
sructon; for sooner or later the people, irrespective
Of party names, viii unite in their own defence and
establish justice.
In conclusion Mr. VOORHEES, quoted from articles he
had noticed IN certain Eastern newspapers IN regard
10 tho rights Of The duty Of tho aborng
classes aud be policy that should be pursued by capt.
tasts to countcract the effects OF anticipated legisa
ton OH the silver question, and said:'Sir, have no
word OF menace to utter this Aoor but In behalf
oevcry laborer every OF the soil whom rep
resent all such value their that
wneu thesc docrtues oi despOtism are sought to DO
enforced this fair land will agan be convulscd in
agony and the Ares OF liberty will blaze forth again
they did one hundred years ago III doiencc OF tue
tional rights oil man. lApplauso IN tho galierles.l
our God avert sach IN tssue but If IL shall come, II
inIatuation has seized councils. the result will only
crime anu folly. where avarico like ambon ovci leaps
itsoli and IN its unholy attempt to rob others OF thor
possessions, loses us own" Great applause tho gal
erieAl
A RESPONSE TO THE CLERGY
In tho House to-day Mr. Price, OF Iowa, addressed
the Committee OF the Whole In advocacy OF The 70.
monetizaton OF the silver dollar He claimed Il as
thing which did not admit Of doubt that AZ inc time
when silver was dc the silver dollar OF ALL
grains was more valuable tnan tho gold dollar ana oa
that point he quoted from the speech OF Mr. Hooper,
OF Massachusetts (who had reported the neasurc
to No effect that the silver dollar. being worth
renty with gold. He argued that it was in
both gold and silver legal tender for all debts, public
and private, particularly now whom this country was
such large producer Of SILVER, and he attributed
the great depreciation OF real estate in Germany to
the demonstration Of silver by that country. Ho
contradiccd the theory that the vast increase In the
production Of silver IN this country had boon tho
OF the fall IN value OF that metal and alleged
in denial OF II, that IndIa Japan and China alone had
taken in the course OF trade during the last year
$l05, 000 900 oi silver, which was about $4,000 900
more than the entire silver produc. OF the world.
CRi1iCisiNG THE CLERGY.
He proceeded to quote from cr'tcisc recent
sermons by Mr.. Beecher and Mr.. rockingham. In
regard to the rst he said, from the reckless charac
ter of his talk led 20 conclude that he Is Just
tho kind OF man that Burns had In mis- mind when he
said-
Some books lies from end to end,
And some great lies never penned;
Even ministers they have been kenned
And nail Il with the scripture.
Mr. Bcecher informs us, ho continued, that gold is
the standard IN Asa Africa. Europe aud America and
that It Is a universal changing standard while tho
facts are that 768 O0O 900 of people uso exclusively
and entirely silver as their standard Oo0 600
both gold and silver, and only about 100 OOO use
tho single gold standard.
YALsEnooD OR IGNORANCE
Now, said he, am justified In sayiug that the rev.
erend gentleman In making that sweeping statement
either wickedy stated what he knew 10 be ialse or
else advertised himself to the world q consummate
ignoramus upon the question? He quoted Mr..
Beecncr describing those who are In favor OF tho
remOnctizaton OF silver bul beaded, without Dyes
endeavoring 10 undermine tho integrity OF tho nation,
anu deserving an namy as deep the lowest depths
OF he'll" He also quoted him as asking whether the
men IN Congress knew what they were there Tor.
Yes, said Mr. Price, what are We here tori Why do
not vacate our seats aud give them 10 sdch this
reverend gentleman, whose record Is clear, whose
reputation 30 unblemished, who has never been be-
lore the Church and the world any equivocal post
uonf He would be the man TO hx all this. Tor he GER
tanly has an experiences In certain direction which
But u Is little surprising that HIS Reverence should
consign us 10 he'll, ior. II the papers reper him
rectiy, he mas abolished that institution. daughter
IL 81 possible. however, that on this subject hc
is iathcr 10 the thought produced by personal
siderations. (I.aughter
MR.. PKorHINGHAM.
As 10 Mr. rockingham, he rolnarKed that whatever
else tho gentleman might lack he certainly did mol
lack ''froth and tho title OF hrs Sermon ssPlcturcs
OF silver" made up from tho verse; "a word nty
spoken Is ike apples oi gold In pictures OF silver "
reminded him oi another preacher VINO, declaimng
against The fashion In which ladies then wore their
hair, 10 topknols, took for his text tho verse; 'In
that day he who shall be upon the top and hts
stan IN tho house let him not come down 10 take II
away" and by taking the last syllable OF the word
'housctop' and prehxUg II to another, part Of the
verse mado II read, "ropnol, come down" tL,ugh.
ter
In conclusion he said we are laborn ng TO get back
TO the dollar which has been tried In every condition
and under every variety oil circumstances IN this
country, and mas not been found wanting. We are
directing our footsteps Ia the pathway lighted by tho
lamp Of experience. We arc not pioneers. We arc
only seeking for tho old paths made luminous by tho
footprints oil the fathers Of the Republic. they