, 1879-06-17

namely tlat Providence IN lis n,unltrcut Wis.
.,o,n sltpplica be world With ille precious metals
In quantities sufficient to asivanro the sntsrest
my! to promote the welfaru Of our raee. Nor
will that progtdener toleratr waiton violations
Of its law. Natiuns cnnnot With itnpr,nity strEkc
out Of existence of The twu money standards
which i;artnon!ousiy existed from .ae oes'h,'n1g
III more than half ot thu numerical
world. and until recently was equally Will.
gold standard with the other half. VIII
per cent Of tlc coin by vltci products arc meas
urcl and iabor ts rewarded rall bc arbitrarily
ohlltarated without Violently and dssastrousIy
affecting the prosperity and welfare ot she
atrcauy cu,ntf,g 10 us In ,r financial reyersea Of
the l.atiu States; tn the paralysis Of business
throughout the manufacturing districts of FIJI.
glau an fn shc walls Of distress iroM lltIr
jusious ct!crts Of the partial demonstration Ut
t!lYer,-c!fects aggravated In the repuliattMl uf
silver b. Our hanks. How lo'fg, after The An,cIi
ent pcopc learn it,at tile erfcrs Of their !1lanu.
fActnscd nWl mechanical articles N!.d tlir,ie-
,ncnts their agricultural proilett anil of tl,eir
daily labor arc 10 be ruthlrssIy diminished. OK
prcsslY unt, avowcdly 10 increase i,,r purchns-
Ing power Of gold, Will th!a GTcat WRONG lc th-
uurcda
rx-aECnETARr M'CuLLoc1lfs CONVERSION.
The most gratifying change, howevur, comes
10 us In Il lecture recently delivered By the Hou.
WIG is gcnsrnlsy recognized "a an authority upon
Nnanciai ol.tstit,ns. Alter struggling 10 long
cxpcre,lcs q grateful tense Of relief TO tuI my
views adopted br gentleman whose pDnons
cunuot fall to- arrest attention ut homo and
abroad, ln the second ot series ot lectures
nrltvcred Ly Mr.. McCul!och ut Csmur'd9s,
Mhss, he dsyotes bis best thoughss to t,a silver
question. Ts!a Boston 1arf,i'xey, III which tlhd
d report Of tl,e lecture, sAyB:
In closing Slr. Mccuiloch referred 10 the fact
that ho had held an1 expressed y!cwa cunttaFy to
~ ~ ~ .Sdx m ~ m vs,s lv H.
cnny,cs,ns ,r rcesrcss Of az unsujous y,s ,nfnbt
hav % tnsmGd Or W. nv nsnss ~ ~
nn,or ~ -. ~ ycsv in,riaSt smn;.ct I'M r c,. w.
sprdshinsclf Win tie rrcetlnn ttat tiera wan it
I,,ti. n "nns,.nrr i, was ntt.r IN hn ,Icht Inn
IN hc cnns,nnt. ~ ~ ''"s'' '''"''
.rs',s ~ :. a.i,,. ,u,,. .t axoan.,,.
Would ,nat soluc Of ouT iullucuiia1 journalists.
by whom the public mind has bccn Mlslcd,
like cx.Sccrctary Mcc!iloch, would revise as,,l re-
icct. In answer n thr rrputn,,rts ihnt sfirrr
VIVA dcmunctizcd tccaree iutrinslralIy It
was less valuable than gold, .air. ,tcCulloch
mndc statement OF the va!ue Of silver AS CON-
eath wear from lSt;7 to 1873, from whicll il np-
pcurctt that from ISL to 1871 lhe silver doiar of
4lnh gratna was worth mura thnn the gold dol
lar. Then IT arci,nel rnptt, Ill tn lSTd II wns
only worth W CENTS. In seventeen years during
the period referred to silver was more vatuablc
thns gold; for live years less valuable.
Ihose VINO reau my losnles iestefs on TINS SUD-
Jcet y -. Ic'ac.sasa LINZ Eas1 ~ iSason ~.
r.i, wrrn E,,i, nrc.I" tn nrnn,or ma rrrxcrr.
1fn, nustrini ami 'I,tunert.5nt in,eres,t n,,,l r."
iation nf ,i,c .utsst,cas wnrSl iinrn amir mn
smst"in., iv accr"tnrv Mrt,,,i,or trhn r"rs. 1"'
'aa'.".n W a.s'u'y tseu.o'", ~ "ao 10, s",s.
m ~ se.5 ou,.4s w. i G tn. sGo ~ y -. ~ svu t
nm intrsnse al lin vn,ne M 11nn,s 1s6e" the ,,rirn
of everything mrnsurel bY It from III to ID prr
cent, while IL lie san,v Tins tho burden Of debt
u1n}A hA }ngro nj fh,,n raj III.
vcrsu' demonctzatfoi of II must therefore, 10 70.
Earded as 'u'practlcabc. y could not be lemone.
1. Mzna " eshsf naHohs ~ u has neeh y osf'aany.
witngnt cotlie4nenees 100 eae,oas 10 oe eofs.
tin,n iGcy wrrc csntracirtI. liz rn1d ntanaarn
might hc 60 ucvatcd as to make gotd equal to Tho
wants Ut mankind willout prejudice to nnybody OF
any interests, except that it would diminish for
rtgn trade. Hut n. thU world +. covered ait over
WIN aeb!a 10 sssat an ahpscel1t'a ~ o. tho saiuG
81 Hola " IN! WHICH w9naa resa. tsom lhg eci!ef
ens' trns " e"SeF "'"'o 's' '''s""'tans's a'Ass'
''uus' ,,
These words arc most .1tly spoken. Seldom,
'u4eeu. naYe seen E1eat arutos !tt,to etcaI'x
al!u ioie1oly sapt.essea. ~ lilat .h1eher Law -
antea.ea 70 W s, Mny: oe"sFa wds msse1 moEe
"roy 1 III s 5 u. nropors s'ysr an ~
Goid i: stail1nfds ny snch t'e tfouucss aslu H.
uustres ~ w WORTH navu ucen n,u n1us. pe
measured. Hcn may culbaffass, oostfnet, nfi'l
d,sobsT, ,, bnt ii.ev sannot nu!'1Y' rcpudsase' or
n
Tf,r runrosg TO lscnEAsn THE PURCHASING
POWER or GOLD,
.rh, 1T, s.1u. ,,,,,,v i,,s,1oeo,, H.. ,,,u-
no.c in H. ,in,nnnotty.t ~ aiis.- " i E,,at
~ ras ~ -, ;"as., ~, snss a' t ~
..ni,i'n ;rhr clfert nrntlusrI "a fur las hre,,
,iisos+ro,s RI ishn, H. f;srn,,nr ,.nr. 'tEn ~,
w"II st"n1or,f .vns n~ocrtoI - ".,,l '1nan,.''i
wnusrs hnsin"ss ia nar"1r~., ,n,i e., h,str,.ss
/. w Snnrro1 ,hus s","1,s nn,n,nr onth,cnhs nro
,nIv ,n.,rstrai w ,hii,pS, I'',.as Ia r.
u i}o,. ,cs Ts',va i,,rn} ias} nv powes ws." sl H.
r." III n mu !onnsl ot -. sa, ~ e,,sr ~ Il II,
a ~ ~ ,irst ti,,', T., ,,r - ~, u
hrnn cavr % mi .itsastro. nornis & t,,',
,.,.a"i 1a|,,,r"s Ill.,. ~ s,I Iul'
,nrainr ~ av .r W., =. t,t,,s
~. f:nu.r,n",,ta 10 ,t,,,n ~ sa
rre.si,v ~, ,,onor - ,,, u i'
hn r,,I ~ s,t",.. s;iass ,", -. Gu
H., n"-n"n i,o-,, ~, ,1,ip.,hnas a,,c Nv ~ ~
~ ,,,Sa nI,.,s .s.ss,,"a ~, puMGs "
s"sn ns'1n xen'f "rsua uIn uG9etfu
nrs ~ r i s ,.nt hn,,s vi nj ,,,, ~ ao e,,ro.i
,,.ia fn ,,p.,. ~. l., ~. ',,.m ~. o "u m ~. oa'
';,Sst ,.sa s"s ~ ~ , III. = ,u ,numef. int pns
~ e,,ft"t,s' sou v "s aio
"t ID n.i al 'r ,st ".Io,v . ~ W. pWu "1"as
" rrn,', y w. 81 s Gou, ~, , p!cu.t
b,,i ~ '" :" ~ sot Lso nno'c ,t. N'.''o,'ai
t"Iis, ,.,,.aa,. III. a;,o w. Nv eai
r,,,"n3 is.eti i;, ,.t5 ~ se psas, ~
| p!o!uH%- u A4AuG!al bN'lI3 WHICH, Hlnuu tHt iltIl