New-York tribune., 1879-10-27
BENEFITS OF RESUMPTION
ADDRESS BY SECRETARY SHERMAN.

RICK AND OTHERS.
Secretary Sherman visited the principal silk mills
in Paterson n. j.. Saturday, and in the evening adj
dressed large and enthusiastic meeting He spoke
Of the efforts Of the Republican party to benefit the
working classes, of tine way in which resumption
was brought about and us excellent results. and
also of the determination Of the Republican party
to have fair elections throughout the country.
General Fitzpatrick ami Others also made speeches.
Secretary Sherman Is now the guest Of General
Fitzpatrick at Deckertown, y. J. Owing TO a recent
bereavement. Mrs. Kilpatrlck will be unable TO
give any formal entertainment, and therefore the
people of Sussex County, irrespective of party arc
10 give the Secretary public reception IN ths
Town Hall to-day. Contrary TO some reports, the
affair has no political significance. Mr.. Sherman
will return 70 this city afternoon. aud speak
III Cooper Institute in the evening"
THE AUDIENCE AAD IHE SPEECHES.
Secretary sherman arrived at Paterson. y.
J.. Sunday and spent tAe CAV stdd, iu no
Numerous industries Win which that cy sbounds ffs
especially nirrestc IN thr manufactures II SIX
goods. and made himself personally familiar win ihs
history Of tu"ir gro ia and present condition
The Secretary wa,accompanied hy -enor Asia Bnuags
the Chan Minister United state aonor AIuuo-
agent Of tne Chlan Government sens % report on
The luolc school system o. thc Unt,d -t.t0s; N!-s
Lizzie sherman, daughter 81 Gon.r.l sherman; M
Amos Clark ard daughter 90 Eiza1eth Mss Paterson,
of - Louis aud General Judson fitzpatrick and wife,
whose guests tic party oa leaving Paterson y,s-
teriay afternoon. After visiting al tlc principal six
factories, the cIcarv and h.s friends TOOK dinner -
tue house Ui STATE Senator Hobart they passed 10
night.
Al o'clock In the evening, the old wigwam IN Broad
way was crowded with an enthusiastic nudirnce
that had assembled TO hear Secretary sherman
and General fitzpatrick discuss the ponucai questions
at issuo in the present campii On the pa;om
all Ot the Secretary travelling companions aua many
Of the prominent men o. Paterson me ud NJ II
different political fan from The speakers. The meeting
called To order by Henry l.. Butler. who made lew
opening remarks, aud nominated john ". Griges as
preslden: and large number Of vicepresidenss aud
secretaries.
SIR Guggs. upon taking the chair. slid that It had
been argued that the Republican party had done is
work aud 1t time for II die, but long
citizens deprived OF the rights Of citizenship any
where In the land, so long as population lfts its
shameless nead there Is work for TINS party.
He introduced Mr.. Sherman whose triumphant
march To resumption would De remembered long
the glorious march OF another sherman 70 tho Sea- Mr.
Sherman received with loud and long continued
cheers Whea the tumult had su5sidcl he spoke in
stance follows;
wish It to be- distinctly understood that | inerd "a
nave plain frank talk with you on matters az citing
the interests of tho people OF tn United States, and
which OF interest in your everyday life. shall
leave my friend. General Kpatr elk, 10 instruct aud
amuse You with oratory shall be- PLAIN lalk
among neighbors. This IS the first
time was ever In Paterson yet am familiar with
your industries and history. Wneu, In lsG0 the tarr
under discussion, were asked to protect your
silk industries II seemed to he doubtful whether hs
United states could compete with tho lOngestah
lshed silk production OF France and Italy But belev
ng, as always have believed and believe, that
home industries should bo protected. assisted
putting a pretty heavy tar foreign silks. Time
passed. and tho over, and we again asked
TO protect this home industry. We believed that lux
ures should be most heavily taxed. and Wines liquors.
cigars aud silks being Injuries. put upon foreign
silks tax OF from 40 to 60 per This protection,
which at the same time yielded revenue has brought
your manufactures to what have to-day.
Now. what wish to imDross upon your minds Ia thas
on this question the Republican plrt, has always been
the interest OF labor and the DcwocI c party never
has been. one of the rst acts oi IA publican party
was 10 protect home industries, auG this policy has
transofmed us from nation OF farmers to nation of
farmers and manufacturers.
The Republican party also claims credit tor the home
stead policy. TIE idea of fhe Homestead Law that
the pnbiIc lands should not b. sod nu should be given
10 those who wished To huld w. homes Ihis we ths
idea Of the Rolub lean party ", were defeated by tbs
Under ABRAHAM Lihc9i" .cH eis1 We c"lled sh iawi
and now any man and any woman WHO s the head % =
family whether naive or foreign hon may 20 o. the
phhllc lhnd - ii build hp nome 80, again me Rrlu0
iictn party Il On The sipc nf ID Itp"rng pc1ple.
Europe claimed that their subjects could throw a
alleS 'ncc 50 "a t. BE- cx upt from military duty n they
me R~rnhiIcan narty .t1,rs IN b,t and panr.
Ii2 Il cit carries his rights Of American citizenship
the side OF berry and equality; ne Democratic party
has been alse to duty ana every right O tbe
American ciuzen, white or black
Nv trends have given me some credit for bringing
about The resumption OF suecic paymcnts 1873 tns
panic came upon IL like thirt IN tae night Dsa-ter
spread All over the country. At at lime dollar n
currency would huy only mach "a. - cents goid
and interest was hgn. ranging irou 10 IL per cent
The balance OF trade was against u> A. ten years Ws
had bought goods from ab. oan t. the value OF 90
thousand millions Oi dollars moro Than Wc lad exportcd.
We were I'D urn aO O1e anu me 'ien hsu 10 o. pad
lhat was the pa c. You know All about tins ~ New
Jersey Ihen we talked thiS hing over IN Congress- and
One was imitation; this was not confined 10 ore
party Republicans as wcllas Democrats taken VIA
he evcr Tins Nas 1 theory that bite from he sams
dog would cur ihe Ola bie The otnrf Nas the theory
of gold aud silver The Eepibcdus g. k"d tue matter
Owe ana came II tie eo.e.oH mat ms ~as tue tris
t that il would lead 40 ,rntor.ry drfar; 61I
knew it was right. and ID passed lAppia lsel
FFFrCrs oF The RESUMPTION ACT.
What WAS This Resumption Act II mad three pr0Io-
sitions FIgst that would place the fractional
rency with silver; second. that we would have fres
banking. that any persons who had the capital could
engage banking freely as IN farming IN making
silk goods third that the hrst Of January 1879.
would pay gold and silver any notes Of the United
states that might be presented We said would
aud We did 10. fAppiauscl
The Democrats said couldn't do 1t, ana called the
man. shaIn.' We said wOud az, anu axe coin IN
tae Treasury, So thai no one would dare buck"
igd n-t b. aud We began 30 accumulate rate Il
rJ.OUO.OOO month. Month alter month We Kept
creeping un uuti by aud bs tncy -li Mayb. the.s
fellows are III carre-f anu are gong resume" leu
credit became better connl, -iued. We sod
i've Der cent bOnds then four and ha per cent bOud
aud then four per cents Teen ISSUED the per
cent fnndlng certificates, and long lines n
stood all day NeW-lOrk post
OH Waung chance to chase. MHea
the time ptOn caiue one wanted com.
United note to-day II good E0ld, and no
DondhOlier IL mad because make MIN take gold
stead Of greenback-. The United states note to-day
travel. with Bank OF England nOte the circut n
tle goue AT lts lace value.