New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-21


exist save in his own fertile and vivid Inauguration
Looking abroad upon his unhappy country WIN i's
Starving millions" De La Matyr saw many good
places TO dig canals and build railroads. lie 1ouhu
that compau,es Lad been organized and charters OBJ
tanned for some of these works, but that capitalists
would put no money into them. Here was an OPP
portnnIty 10 spend millions and De La Matyr seized
IT, He is entitled to great credit for the discovery
of the improyement companies named in his bill, Tor
their names are not to be found in regular list oil
such companies which have got beyond an act OF m
cornoraton The Secretary Of the Treasury IL decteu
To lend 70 these companies from the "green0aek cur
rency fund.- certain amounts on specihed con-
ditions. the most important of which are as iol-
lows: Each company must file its bond or Dohus
for the amount of money il may desire, not e1ceeu-
ing the sum named In the bill the bonus are 10
bear no interest for the first five years, Two per co
thereafter and are to run fifty years; inc aceepF
ance Of the loan shall be amortgage on all the prop
erty of the company the company Is iotoiuuon ~
ot, ITS stock or to incur any liability aside from
ito debt 10 the United states and any debts 1t may
now owe are TO be paid out of the first money IL re-
eeiyes from tie United States the money received
from the Government shall be held " as sacreu
fund for the construction, completion ana equip
ment of the work designated, " together WIN INC
necessary buildings, depots and GROUNDS sui'"oio
for the transaction Of its business ana 1or the pay
ment of its officers and employees; ana any u'ei-
sion of the funds to other uses is to be punished by
Imprisonment of the guilty person for not less IMAM
ten nor more than forty years. The following
named companies are to receive the amounts specF
fed or any less sum should they desire II
T omes river and Kanawha Canal Company 0OO0VU
Tho IIannc and Great Western Canal Company 20UoooVV
the Florida Coast anal Company 600 400
MA FOrtSa
The Rock Island, HennePn and chicago Caa "a GOO 900
The oswego Canal Company 1000 900
The Lexington and Biz Sandy Railroad Company oUooV'0
The blank RAILROAD COMPANY lS9nn ,h !, enc
COast blank million dollars -, ~,
Leaving ont the blank appropriation to the Blank
Railroad Company, and adding in the S6o'oOo'ooo
anpropriated by the Levee bill, we have total Oh
1921, 100000.
Lest there should be any hard feeling on the part
of other companies whose names are not mentioned
above Mr.. DE La Matyr adds saving clause TO inc
effect that the acceptance OF the loans Dy inc aoo
named companies or any other company must
be signifed in writing to theSccretary OF the treas
urv within six months after the passage OF the ACT
Il will also be observed that allowing an appropri-
tjon of So 49, 600 900 to the railroad company whose
name MIR. De La Matyr had not yet learned or could
not at the time recolIcct, there will still remain
half a billion dollars which may be gwen TO othef
companies should they desire it"
lis an ungracious ask to find fault with so pro-
fuse q statesman as Mr.. De La Matyr on the ground
of his want Of lberality, and yet it must be done
His mission is to relieve the distress Of suffering and
starving millions, and Mr. De La Matyr, who knew,
ought 60 have remembered that there are in TINS lana
thousands nay millions. of persons who are III deD'
Among Mr.. De La Matyr's own constituents he can
find hundreds, perhaps thousands. OF men who nave
ad their farms or their houses, or who owe
store bills or liquor bills, or any other one OF the IL
finite variety of debts which Cypress the starving
people. especially in Indiana. Mr.. De La Matyr has
been liberal with the corporations, but be has really
done nothing as yet for the suffering people. why
does he not call for schedule of the private, ind-
vidual indebtedness of the country, verified by the
afidayits of the debtors If necessary, and provide
for its payment out of ms greenback currency fundf
If one billion IS not enough, have two billions
printed. Why does not Mr.. DE La Matyr meet the
necessities of the situation in liberal, statesman
like way2 Way indeed Mr.. De La Martyrs con-
stituents ought to rebuke his ilberallty next year
at the polls.
sfR DE LA MATYR on THE PUBLIC DEBT.
Having provided for the corporations. Mr.. De La
Natyr next turned his attention to the public debt.
He knows that the interest on this debt Is payable
IN com. "Shal we pay il In greenbacksP he asks.
"Nol Perish the Thought. We must be honest"
bo renHes And he therefore brings in bill which
reonircs the Secretary of Treasury to buy with legal
tender paper money silver to pay the interest on
Ali bonds OF the United States contracted 90 be paid
in COIN as il becomes due; provided, that he shall
not pay more than the par value OF the silver dol
lar.D The Secretary is further required to buy up
United States bonds with paper money to the full
extent that they can be purchased at their par
value. land BE is forbidden to pay more than their
mar value in paper" He Is further required TO buy
with paper, silver to redeem all bonds as fast as
they become due To do all these things the Sccre-
tary is directed to issue esal-tender paper money.
which shall be receivable for all dues, public and
private
Mr. De La Matyr on April 2G, and Mr.. Gillette,
of Iowa, on May g. introduced identical bills to
substitute greenbacks for National bank notes, aud
70 cancel the bonds deposited in the Treasury by
the National banks TO secure their circulation.
The effect of these bills il either one of them be-
comes a law, will be still further to initiate the
oreenback currency to the tune of $500, ZOO. 900
in round numbers.
THE GREENBACKERs WANT THREE AND HALF
BILLIONS.
The following summary statement shows nearly
how much money will be required to satisfy the
hills introduced by five of the fourteen Greenback
REPRESENTATIVES in the short extra session OF three
and one-halt months. Considering heir legislative
inexperience the showing is a good one. Doubt
less they will be able TO exceed 1t at the next
regular session of Congress, by which time the
Other members of the Greenback party in Congress
will probably be ready with their contributions:
an / Introduced by Amount. Subject
2eo Isir WRIGHT $50 200 OpOl Homestead settlers.
10. MI MurcA.... olVOhOOU facuohdl currency.
MurCh. 2OOOU0.OUO Payment National debt
IN grccnbacla.
Mr.. Murch..... 3JOOO,OOb. iiedcCm reissue
trade dollars.
1914 Mr Murch. l0OOOUOO.EItra pay government