The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-07-15
Last Nights Dispatches.


PHILADELPHIA, July I4.-Seeretarv
Sherman being introduced said: Gentle
meal did not expect. when | received
your kind invitation. thas | would Be
called upon 20 make . speech, and | do not
understand that ny friends here 50 desire.
but | =iEi commence By returning thanks
foF the pleasure tha. | hare eBj3yed in
inspecting the shores Of the Delaware and
Witnessing the immense progress aud
growth Of the commerce Of this great elty
Ct Philadelphia 1t presents 3 combina
tI0n Of trade aud commerce that / know Of
il no other city IN the country But as
these points are quite familiar TO sou, [
will not enlarge upon them. In regard 10
the resumption experiment my friend has
paid me compliments that are entirely
exaggerated. | Do B1t desire aBy such
Compliments. A year OF tE0 age Thought
| vas great deal too much abused by a
great maay. Nos | an praised for a
great many things I don't deserve So [
bold pretty fair balance. l had an idea
when | assumed the oEhee Bow hold. that
il wsuI3 DC go0d thing ta get back 10 the
resumption ot specie payments. They say
[ an pretty stubborn about the principles
hold % aud that | viii carry cut what
begin. UeYer had any doubt about the
atiLIgy & resume N3oe al all ! great
many good meo. some 0F them 10 doubt
wh0 hear me. thought 1t vas Dot wise
undertaking 10 attempt 10 make the vast
volume Of our paper money equal 70 gold.
that We dli B1s have enough c1iB 70 do il.
| was Judge: | hai the law Cu ny side.
p5EeE 70 bring il about aud determination
t3 Do l. The result has been happy and
beneficial - All classes Of interests aud ali
Industries and to the rich AMI poor. These
Who latar as veil as those who spend
money. AL are benefited by currency
such a. We have to-day. | am very hope-
lul 0t sde future progress Of our country.
We are happily situated compared With
other countries We have . broad
uueulsivated area Of land that has
never been broken with the plough.
We have mines compared With
the eE1rmauSness Of which tie vauute
uines of Peru were Eo3r aud scant. The
Ccmsfock lode a1i others are ErEzteE than
anything in the history Of the world. TRQ
years ago labor was suffering il the princ:.
pzl cities ot this country. Men were
afraid our Institutions could not stand the
strsIo and would break down, aud that =
period Of depression greater t12o tha, iu
England, France and Germany had eome.
People were suffering and co1ii not get
/ woTk, and dlscoatentment reigued supreme
Some went 70 uueultIyatel lands in tbs
! " est: others vent away. and migration
/ faaliy e4ualiZsd the demand aud suppy
/ q labor Until NV il two years believe
/ there Is not say pare Of the aitei State
/ where honest labor cannot get 81 horast
( tsy : w0rE. and honest mouey 70 pay III
K, There are those who held that Cul
clCreucy Bever could be maintained eq1s
= C1;1 with ! demand on the Unite.
States Of eighty o. U5oe'y million dollars .
year can SAP % yog u5W that re hav,
the means, 81 rarely ID they care 2t-u
god O silver iGr ueGeF thai 0aiy sever
millions have been drawn for notes au.
<rss05acks- fGis ! the ssrzGgest thi1.
ag11t IT, Nov that g1ld il - easy 10 get
d bc1g cares - take the trouble Of carry
loz it. /. /. a fac. tlat Ia every rno1tI
.ast year aEd the year before that ther
/, F2s more gid paid from the Treasur,
;hza has G0z 5ae1 demanded fran III
=; q January of this year to the prsse1
siue Tor ali purposes. and our notes. IL
stead ot being Z, 10 or = peE cent bsl0T
par. ION tha, Ea have gold and silver I
pay them o. demand, are actually So
premium. The Treasury department j
= San Fraocisc3 wanted notes instead :
: <5ld. sGd Es refused . giEa them green
hacks. II New Ya-d a13 Philadelphia {
lone wants god. When they couldn't :,
li,, e7er!body desired it; when tLey ca
/, aotody does; resumption Is Bow fxs
: szce. oat Ee have 20, to stand by and 4
: 1T dsuagezuss aGj ,r;skstsrs cheat :
!, q. oE shat We have accou c.i>had.