The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-21
CONGRESS CRITICISED
What Secretary Sherman's
Syndicate Means.
BANKS ON ADHESION.
"Let Us Strike Hands for the Preserva-
ton of the Country"
ley TELEGRAPH TO THE HERALD

IBY TELEGRAPH TO THE HERALD.1
BosroS. April 20, 1878.
Both Generals Butler and Banks reached Boston to-
day In time to attend the regular dinner OF the Mid
dlcsex Club which has been before the occasion
OF many political speeches and the organization OF
numerous political coalitions In State and national
campaigns General Butler was introduced to the
assembled guests as a man VINO could enlighten his
hearers OH questions OF national policy.
BurLER's ADDRESS
On rising he said too much expected OF him
and more than he could we'll accomplish. cannot
tell you what has been donc in Congress, Tor
done nothing, ana with the exception OF tho single
important which have had tie honor to DIS
cuss before you the last time met don't Know OF
anything that passed Congress worth mentioning
Nor do know Of anything that either since th en-
or before that has been done by the Executive that
can call to mind as worthy Of notice. have there-
tore a difficult task 10 perform II undertake
swcr tor that august BODY tCongress) and its acts
There great many things we have lott undone
which might we'll been spoken OF, and there
some things that been done require notice.
LIT BOSTON ANSWER.
Before wo consider things In Washington may put
back the question and ask What have you boon doing
here IN the Commonw ealth OF Massachusetts? How
Is II IN this the most intellectual the enter
prisng State in the Union? We Informed In Con-
crcss your best and safest Institutions cannot
pay their debts How nS What is the mat
ter? What answer, "sood men and true" am
to carry back when / address moro
people there speak in this manner
with good deal OF sorrow don't like tho example.
admit tho necessity for what has done; depre
te tho unseemly haste with which was done.
refer the Stay law In regard TO the savings BANKS.
l don't think It goes far enough. II the richest
ana strongest Of tho debtors OF the State
nccd stay law TO protect the operation
Of the collection Of dcbts II the great mortgage
OF the Commonwealth cannot pay its debts, what
ehal you have Tor the mortgagorS And they cannot
pay their debts without coming down the mort
gagors why is not there necessity for stay law in
that rogards Look Ut the injustice OF Ihc law While
a man has money In the savings bank TO pay my
mortgage, II the bank wes stayed from paying me
tho bank who held the mortgage not stayed
from collecting. The same rule ought to be in force
both sides. The Lords Prayer has passage which
GOV ers it-.Forgvo debts us wo forgive our
Debtors"
81 So"
In regard to the Silver bill ght say, with good
Seal OF confidence, II told you So" but won't
TO look TO tho future, and not TO the past. l
would like TO put to every business man this qucs-
lion :-"You como 10 borrow 500, and
gny know you nre perfectly good
md want to- loan you the money
long time. will ionn you 500 at four per on
your for i've years You say like that very
we'll but want to get moro money. Well, l say 10
you will give you SOL 49, and you will give
your flvo years half per cent for
$780, Now, calculate what you arc paying mo Tor
that 81 3d. That Just what this suffering country
has had inflicted u Tor the past fourteen days
sHERMAS's LAST SYNDICATE.
The people had boon buying At the OF S. 000 900
a month OF our cent bonds nj par and the Secretary
OF the Treasury went TO New York and mndo arrange
per cent on thirty years just look the difference
just 0snrc onc-hai per cent for thirty years any
large amount Now, tho leading Journals OF tho land
have neraded this as the greatest nnancai achieve
OF the age We arc saddicd Tor thirty years
with a bond for four and half per cent For what
purposcf To secure tho placing OF the oan But the
s. nd only bound tnoms 10 take millions.
TINS the people would have taken At four per
In months. This Is productive OF high taxes
Tor thirty years and nothing else. The government,
SAID General Butler, should ssue us own money, and
until II docs there can be no prosperity.
REMARKS oEysyAL hanks
General Banks was next introduced He snid he
did not the currency question: and when
ever he hoard two people discussing Il he
conclusion That neither Understood II. He dwct par
iicuiariy on the necessity Of harmony among tne
Ine lime. Tina, Is necessary. Whatever the
cern money whether they concern tho
legislation; whether they concern perpctsty OF
institutions aud the maintenance oil tho libertcs
Of The people, the best remedy aud oniy remedy
Tor them all is for the people concerned In them
l
biuk we snail, / don't believe shat there VIII
BIO anything len OF these matters that disturb
us Ia ., our monetary 1aars ana puzzle Us 10
before land think me last time had tho nonor TO
address the club my honorable friend VINO ID
the chair was tho presiding oflccrl-what snid
that therc hot ihcn anything that could prevent
this union Of the people that wore engaged had
been upon these great interests OF tho country.
A ADHESION.
There was, then, very grave and serious question
the policy OF the President regaro 10 affairs III
N. Of
government In cncn OF tho great sections OF Tho
country. expressed tho opinion that there would
be difficulty In regard TO u. and Whatever might
shink OF tho views measures OF the Prcsi-
dent, that we should conclude 70 act together
without any opposnion and that we ought to
agree TO act with confederation and adhesion hts
Vows After year mas passed come nom Wash.
that policy, and irdecd IT'S necessity; aud after
attending the republican caucus, one perhaps as
fully represented IN numbers as any caucus that
has been held Tor many years. bring 10 YOU le
united expression OF opinion, gwen privately Osd
70 abandon ali differences Of op,non upon oae.,os.
OF minor INTEREST," loud appiausc1 and, without re-
gard the exceliensics or errors OF the admin,sra
ion, STRIKE hands Tor tho preservation tho country
and against tho enemy.
UNITE ror rng REPUBLICAN PARTY.
Aud bclicv. that that viii TO aonc. don't come
here TO suggest doubt OF It's possibility. bciicvo
that there xi be n united and determined ac-
ton Of the people OF this country this year in tho
defence Of these rights interests than there was
EVEN IN the defence OF tho ia,crcrts OF ,he coun
m ,.,, "a ali , ,ss, ,pd 100, ,v shall DO The
Who are our eDemics--our only cncm,esY Those
that have been discharged from the rebel army ,iho
Confederate arms that within yesrs striking
a. The gates OF the capital 10 destroy n. They they
alone arc the enemies OF this country. (Aprlausc)
fbey alone threaten It's existence and peril lis greet
principles aud great future. And shall v,cid this
hour and this opportunity 70 men, whose
million menf Exclamation, morn That 10
tbc question: aud tsat Is the question whoh the PEG.
pie OF the country will ASK Themselves, and that As
the victory they will win. When ~ Is settled have
won and no other enemy shall dare assaIi IT.
Mr.. Chairman aud gentlemen, all parties have made
mistakes aud ai parties have committed errors but
all parties have had virtues and have performed
good aud great acts But this party that Is opposed
US, what virtues has u aud what good has donc
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