The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-26
DOMESTIC INTELLIGENCE.
Meeting of the Manhattan CIub-Ren,on-
citation,

NEW YORK, JAN 2b.-There was full represen-
tation of the members Of the Manhattan
was. held tonight. large number of
invited guest;5 represent M the ,t
aso The meeng Wns called @
8 o'clock, but it was nearly 10 before It
Was called to order and Prof. Prof SUMNER Of
prepared on the question of tne RECOMMENDATION
OF silver,
He was introduced by August Belmont and
mont said he thought one of the greatest evils
Of our present political institutions was the
fact that the better educated class of people
took too little interest in politics. The Demo
cratic party was very apathetic and disunited:
Even the great. outrage OF the, st presidential
election had failed to arouse the people or par
ty. and to make the party united some action
| must be taken to arouse the better class of peo-
pie to sense of their duty.
that there was great danger that the silver bill
now bsfore Congress, would pass. and that the
good name and fame OF the country would be
imperiled.
Prof. Sumner who is on earnest opponent Of
the RECOMMENDATION Of silver. was then formally
6 En- bs a dengreys depey pbe
aim to that end. He said that the advocates of
imitation were most to he dreaded. and every
citizen shoul Id be taught to understand more
about the science Of money, in order that we
might have wise and legitimate legislation.
There would be no end to the question until
| this was done. and if not done the result would
be initiation and ultimate reputation. Il silver
| was readopted as money, what was called re-
| sumption would not take place In the lifetime of
| any one pres ent He severely criticized the act
| of 1873 but held that as it could not now be re-
pealed, they could not go behind 1t or change it
without national dishonor. tApplause.l The
| legal tender act was another great mistake, but
| the people must stand by it.
| AS q political question. or as an economical
| question the reconciliation of silver was alike
! impossible and dishonorabe. The reputation
of some States in 1910 struck a blow at the ma
| tons credit, which was not recovered from for
| over quarter of century, and If the present
| silver bill was passed the present generation
would not recover from the shock.
| The question had great pol litical Importance
| although in the foreground were the questions
| of debtor and creditor of capital and labor. The
country was still rocking on the wave of these
| questions, which were started by the war. and
| oil could only be poured on the troubled waters
| by honesty and straightforward dealing with all
| the nations of the earth.
| HALF silver were remonetized IL would be looked
upon as q step toward Reputation, and would
commit the country to unknown perils and
| troubles. Ii silver were put above its bullion
value, there could be no question of the disas-
trous consequences which would follow. None
but bullion brokers would be benefited. and
even they In the end, would find themselves
| overwhelmed as the people would soon
| be placed in such position that they would be
unable even to patronize brokers. The speak er
concluded with q graphic description Of the
evils which, he thought, would follow If the
silver bill was passed. and was loudly cheered.
| A vote of thanks was passed. after which the
| club adjourned for supper.