The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-06
CAPITAL NOTES.
ccNaHnssIeNAL raoenEsi Sas.
Tlte Ser, sse.

The senate.
WARRINGTON Teb. !, At the expiration Of th'
NaefnihE hour Mr EATON was ree9g,n'sed "a en-
Titled q The foet on the silver BILL and pto.
ssVai IN yaits \ WIFI ssla - :, -,
Mr. Estgn claimed that The commerce ef the
a Eva ssps and nd these had been .esossas
By all olyillged patlons for the rast hnna, 2 ed
ssasap from neT Thh h. sfse could ad nc auth
I'D there FOR any ether money he was aware
% % II s s f wa saffs ss q asa p sss
Ray, M and declared hem, 4 legal tehder Tor oil
nesIs except customs and interest on the pub
He criticised the decision Of the Supreme
Court, and said that darihG the past eiahts
no jurist .gf any standing that had eve,
held that the government had power TO lssne
'lsaal tender pnpar m'ney. Netsrttna 70 ths
Mat Il waa dne to .uuwtse legislation Oh The
paft Or the Federal and state epyerpnenta
which. when .retfenchnent sheuld have been
sespaaes nission Now. when hen hard ben NV Was M %
near We sheala 60 on III II wes reached, and till
w stand gn Pm s.,ln,s financial y hasss; ss ,,. .,.,
lssal. tenders and national bank notes. a or.
s ws h ae sam ss q :"
business .ef the country was. done without the
use sf either ninety cent dollar or the one hunA
ro Ksasasss M Seek sar there u monev
enough iH the country.
HID maintained that. the single standard Of
cold OF Great Britain had controlled her con,
mefee for the past twenty yeRrs, and through
that commerce the finances OF the whole world
yet there was not cold enough In The world to
hundred and twenty million dellare In geld
md saw .ooo,ooo OF bank, notee termed the me
da og the ht 81 hat yas
gentlemen question the correctness of the state
sAent Of the benatuf from Kentucky that there
vss money enough in the country
miaaupts him. He had said that there was Was
snonsh iale money inthe 9 .nntrr., The more
b. Rs e eed eess hs spss asrs wop re
citing the distsess among the people. and pro-
sssed M ha9ap tg read H. b,v anv s,,sar oor, 4,
ninety cents Il would take II reiievs those pee. o.
pie II they could not get any OF them, laugh
ssrl He said thsre W. was not an adiv,aua a Il
ser Trsa Was ee aear IL esae
zion when the act had been passed. The dollar
OF the fathers had gone into the smelting pots
el the sons aud had been used for purposes Of
He waa not In the. Senate At the time the. ac!
Sag passed, but ,s was Inclined !. think that had
vivAl Of the silvef dollar nor did he object to
its restoration new, proyidet " was made worth
@ n s Fl t. sHs s1sa
Il
either single or double. tn, real. true and only
standard .. value, Talk about silver being q 4
seaasa ssss N q G % ye In eaeaah hs sd s ns stss when
make, pocket pieces for respectable aised
WAilerson, chat there could be double stand,rd
ARE might be what was called double stand
Al but there had never. been sueh double
GOLD Anaard, Her STANDARD was the English
eoverixA. tho standard of the world. and by Il
her own gold coins were measured.
dollar, he. .was Interrupted by Mr.. Cock rell. who
asked Il the debaaea silver war not now paid
oYa W. tn Gem, gennesisa,: sa II |. =, ,,.
the question. there was . manufacturer In
mcpth; He went down 70 New York and bought
trade dollars at pT cents and paid them out nj
~ cents, paying the carriage himsef.. The next
day was market day, and before night the peo-
pie hsld put public s, meeting at which elerayman
bring any more trade dollars there. but to pay ~
hts men IN Ereenbacka.
legal tender ier ~ was not pail In coin >,
sousi sio %, be would be lucky Il he received a
would be the way he would probably pay
He would not run around huntinr up twenty
one half dol lars to pay IT,
and serasping capitalists" he reprohated the
attemp pit 10 array laber against capital and said
when The Western men OF enterprise approach
their Industries. no such language was used.
Capital was very timia and conservative. and on
tho side of good order; Capital wa. the great
ing out OF the Residential elestion Of 'n lsaeTG
Addressing himself % the South. he referred
so the condition IN which people there were left
q their own affairs, and should Be built p. up.
Capital aud skilled labor would make them
SlossSm se tes & ress MafTylsnd New Jersey
ftal and .skilled labor. and al that was wanted
was confidence and full brotherhood. Let
M n aS ns pp he hesy but
dens imposed mainly by the war, 60 on and do
all that can he done to restore the country to
prosperity and happiness.
ton act would be. he would not now declare.
Within short time paper had been within
Saa s s BELIEF paepe ha e.
country would have resumed specie payment
before the close ofthe present month
vose aesred sns to
aqired him to do 50. but he confessed It was
many of whom he had the highest respect He
felt 1t important that nothing should be done to
appreciaie or depreciate outstanding obliga-
yer was too heavy for money; it was not to be
denied that silver was heavy, but the density OF
silver had not increased In many years. and 1t
has always served for money without the use of
No matter what the terms Of the contract said,
the debt would never be paid in so d or silver:
world Il pay II. Our deb. must is be paid ID 'ie ie
something heavier than silver. 1t would be
paid in wheat, worth one or two cents pound {:
in iron and other products Of our soil.
that there was dishonesty II the proposition to
OF morals quite as much involved In the nronn-