New-York tribune., 1879-05-01
GREENBACK ARGUMENTS.
AN ADDRESS BY GENERAL S. F. CARY.

AN ADDRESS BY GENERAL s. +. CARY.
MAss-MEETING AT COOPER NEUTRALITY-SUSPICIOUS.
TO BoNDHoLDERs AND NATIONAL BANRs-oPKN-
ING SPEECH BY PETER COOPER.
The two candidates on the Presidential
ticket Of the National Greenback party in 1876. Peter
Cooper OF New-York, and General Samuel T. Cary, OF
Ohio, addressed audience of greenback advocates at
Cooper Institute last evening The large hall was nearly
flied by on audience OF earnest men and women who
listened nteny to the speakers and responded enthu-
siastically 10 every forcibe argument weltod story
and strong denuncatiOn of the bondhoder. Messrs
Curtcn and Randall. of Illinois. who introduced
the Greenback Evangests. varied the proceedings
with campaign songs
Peter Cooper presided and read paper the tariff
He said the most important question before the Amer
lean people is whether it will follow the truth or the
dctation of foreign Nations who have direct interest
in deceiving All relations, he said with foreign Powers
Is of interests, and no evil can result from any
other cause 10 great from war OF onmerce
II the duty Of this country TO raise its en revenue
by q tax ON imports and ali restrictions from
internal commerce. He reviewed the history Of the
country under the several laws relating to the tariff to
that had been most prosperous when Industries
were generally protected. Mr. Cooper also advocated
positive National currency and the establishment by
Congress of fixed legal rate OF interest. lie claimed
that Congress POSSESSES this power under the constu
tional provision giving power to coin money and to
which have been passed since the have been passed
by the advice through the influence Of men whose
business buy money cheap and sell it as dear
possible.
Mr. Cooper was cheered he took his seat ard after
song in which IT was asserted that the people have
taken the cause in hand, and mean to cut up rough"
General Cary addressed the audience the and
remedy of hard times. He talked for an hour and
half and then said he had only touched the subject The
line OF his argument substantially as follows: All
except those who living fixed incomes are suffer
ing terribly hard times all productive industries have
been and are a state of paralysis. Labor Is unem-
ployed poorly paid, and manufactures. If run
ming at all, running at "a loss. subsidized
press announcing the country that good tunes are
returning say IL is lie We never had such al era
Of prosperity a. when had large volume of paper
money Clothing is piled up in the East and grain in
the West 1t IS 10 evidence OF Nations prosperity
that ii sends its food abr0ad that its czcus are so
poor they cannot afford to eat IT, but
can send ii 10 the paupers OF Europe.
There not gold and silver enough in the world to
transact the business of this country alone. We want
money representing In just proportion the wealth
the country The second theory OF money Is that 1t
may be paper currency based on CON- Inen every
The value OF bank is based confidence well
as coin. There never banking institution based on
which not fraud, cheat and swinde e. so long
as possesses public confidence IL stand and
longer. Can't well lave confidence IN our Gov
ernment as in banking institution
General Cary continued at great length, and was fol-
lowed by Colonel Alexander TrOup.