The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-02-27

any other. capable ut all times OF being invested
at home ut an equal rate OF interest with tho
gold Of the world. which Ia now. in the best
Government securities. invested at an average
OF three por cent only
nine years ago. II was not popular then, per-
haps because unknown. 1t is now much more
known. and has become tho demand of the
people. have received political persecution.
and sometimes almost social ostracfsm. because
OF these views over since. What motive could
then have had. or now have. to advocate them
my country, in behalf Of which have ondeav-
orod to do all that I might do-in the front.
bummers and sutlcrs2 Because Of their ad-
yT3cacy ! have been called domagogue
In the government Of his country; and to in
struct the popular mind In regard TO them, TO
given him to see IT, regardless Of loss or or gain
OF place or power. BY that standard am ready
to have al my acts tried In the candid judg-
MIR. Chitenden rep. N. Y.)-what would be:
some enn OF the the poor men and women who owned
United States bonds were returned from Eu-
rope. and when their price fell to fifty per cent.
Mr.. Butier"This will be whst will happen to
them; They. will be Just whore they are now.
with their dep9sits not IN six per cent bonds,
that is not worth fifteen cents on the dollar
when the taxes are paid. IIaughterl
that that every savings bank in Massachuseits
and New York will be bankrupted?
bonds sre M Se THss
hayc not got them they sold them
Mr. Chttenden-That ia not an answer.
MIR. Butler-They will be ban krupted. because
the value OF their securities In real estate. in
railroads and IN everything olse. but Govern
ment bonds has been sunk three times by their
| Internal lust of gold.
Mr.. Chittcnden with his voice at its highest
ptchl-1f you, as an advocate OF unlimited re-
monetization Qf silver. force back on this coun-
| try the many hundred millions OF bonds now
held IN Germany. and thereby break down
York, who will be held responsible2 VIII not
YOU be I'm iairIy entitled to be hung to the lamp
hanged2 Shouts Of laughter and encourage
mentl
no fear on that subject. But II will not be the
return of the bonds that will break savings
ing-thsy are rotten aud are sinking
Mr., Chittendcn-I know savings bank that
| has t1O.OOOOoO of Government bonds. and IL II
shal be Obliged TO take $4,000 900 for them II
| air. Butler-And the directors should be
hanged to lamp post and roasted aitcrward.
MIR. Chittendcn-I wish to ask the gentleman
| II he thinks there will I've any moro prosperity
n this country-nrosperity to the laborer. to
is restored TO capital will your everlasting.
| irrcdeemabls. miserable greenbacks restore
Mr. Butler-ffthe prosperity Of this country
| depends upon the two per cent; difference be-
tween gold and grecnbacks God help tho coun-
try | would rather have better basis OF pros
perity for this country than the confidence
| which has been 40 fully bestowed on capitalists
that the country is ruined. look upon green
wealth Of the country rs a grcat deal better basis
than any one product OF ths country. whether
wheat corn gold. silver. or confidence.
The committee then rose aud the House ad-
| lOurned