The Osceola times., 1878-02-02

February IL, 1873, which he said doomed
| the dollar Of our fatl5srs and it, enact-
ment was - completely unknown 10 ~
people, and indeed 70 lour-6fths Of COO
gre8 itsslf, - the preDnce Of . burglar
In 9 house at midulS1t 10 IT. sleeplns'
inmates. The Glvsg dsllas was eli1insr
ted from our money system uudes the
cover Of false pretense.
Mr.. voorhees, procesdsd 10 show GkAi,
Of the entire trading and 'oemmotc1a1
populations of The seFth, ness tha. ions
tiQen - manx D1nyA he0 cl1sa.n- ailyey.
IS have chosen gold, and more than hte
times as many have chossnsilvs u have
chosen gold and silver together. Th6
laboring clssses desire money to b
plentiful, while those who with 10 issten
their idle wealth on productions Ut labor
clamor for scarce and dear mopey, Il,
was in the interest of the latter powerful
class that silver was demonetized. y
He referred to The sct n Jaa. II, 1896,
for the resumption Of specie payments,
and said the law of February, 1873, tax.
ing away silver money from The pe6P,e,.
aud the Law Of January, 1875, fxing ~
day now. lea than. Q year In advance.
when greenbacks shall also psriuh, ~
twin monsters Of evil, born Of The usme
parentage, and linked together for the
destruction Of all money savs gold. He
vividly portrayed the effect OF such leg-
islation upon business and labor. He
spoke OF the imposkibility Of rssumihg
January, 1870, and attributed the, vact
shrinkage in the value Of property and
universal distress to the policy of coz
traction, and said during the four ysars
when the volume of currency averaged
| 81 900, 900, 900 the business failures df
the entire country reached only 2;l04y !.
less in number. than occurred In arg
three months of the year lust closed.
Duri1g the period which IL now s.igma-
tixed as ono Of imitation, the windoau Of
business houses were not darkened, and
business men did not 60 a lnourhefs
about the streets. The laborer did notU
home without bread TO hiswife and chill
dFen. Helpless millions did not cowsr
aud tremblo at the approach Of winter
for lack Of food and shelter. The pu0Ilc
peace was not broken BY riots In rssiSt-i
snce to starvation wages. The courts
were not principally, occupied In en-
forcing collections, ierecloslng mort
cages, ordering shesiff's sales, OF In pun,
ishing the destitute Outcast,
The speaker next turned Ms attention
to the national banks, and said Tie sys- :
tenn OF national banking now In use b the +,
most elaborate and complete scheme for
making people pay tribute 70 wealth,
In erder to obtain circulating u1aliuns (
ever known in the financial history Of she
world. There is mot . dollar in the
hands OF the people on which they Aave
not paid tax for the privilege Of having
it put In circulation BY the goveRnment.
The national bank Il the middle-man b,
tween the government and the people,
and Is enormously paid for doing what
the government ought directly to do
itself On Oct. l, 1877, there were 1850 :
national banks, with resources of o..
74l, 900, 900, and on these resources ths =
interest paid BY the people .was $780,
000 900 per annum. t.V ~.
Mr.. Voorhees, said he represented theas
who demanded - sf ,.ss..,Ss.s
/. The restoration of the silver dollar 5
exactly as 1t stood before 1t waa touched
by the act OF February, 1873. They !.
desire that II shall have unlimited coin
age, not fearing that il Will become too :.
plenty for their wants, and that IL b
made full legal tender, believing that
II is AZ good now with which to pay Ill
debts, public and private, Is It was dur
ring eighty-one years Of Americas hist
tory. t,sisa,,.
2 The repeal Internationally OF the
act Of Jan. IA, 1875, compelling the r.
sumption of specie payments on Jan. l,
1879. holding that the question Of . ~
turn 10 specie basis for our currency
should be controlled entirely by the busi-
ness interests Of the country. They do
not believe that the country should BE- :.
dragged through the depths Of ruin,
wretchedness, and degradation In order
to reach gold standard for the bsnent :
alone of the income clssseA . a6sa4s
8. That the national banking system,
be removed, and circulating medium
provided by the government for the.
people without taxing them for The priv !.
ilege Of obtaining 1t, and they ssk that,
the amount, thus placed in circulation
shall bear o reasonable and judiciosu !
proportion to the business trannctiQps
and population Of the United States. :
4. That the currency authorised and
circulated On the authority Of the EUv<
eminent shall Be made legal tsnd9 n !.
payment Of all debts, public Or private, |, I
including IN dues to the governments,
well knowing shat il will b ct ~ with /
gold, or more Likely at . premium over
II; and, -
s. That hereafter the financial policy
Of the country BE- framed permanently
in their interest, that they shal not b.
| Disseminated against In .future legialar
tion, rs In the past, and that the3t pe6s
perity and not the naeSe grostth bf l1s
como TO retired capitalists, pball b thu
primary duty Of the government. II
IL conclusion, Mr.. voorhSes quoted
from articles ~ bad notjpsd,in 6e)H
caste newspapes in regard TO the Fighta !
Of the bondholders, he dutyt o. I tke.
hboling claAses, and the poliey that
should b pursued by caFitslistB % sout.
teract the effects Of anticipatsd legisDsl
tiouon the ailver question, and I'D ;eigv
have no word of menace 70 utter On
| this floor, but, in behalf Of evtly hbof4
and every owner Of pili Wkom ] Beqgk
sent, warn all such = velne fbelR iacs
yestments that when thess docttil4 y
desposism are souktt " b enfosepd4 ~. |.
faifland will again p oeuva!ae hQ11y,~
Ard tie hres Of liberty viii kaae t01
again q they did ION years ~ tn ~
deteuus Of the natursl sighD Il 49,
i NAV the wisdom OF our iatheu ord b,
nightly Of our cid avert sueh tl1ng9s;
hps, ifit An ecnR Y 80. -