New-York tribune., 1879-01-03
GENERAL GARFIELD AT CHICAGO.
A FUBIlC FELlCIIAIION At TIE SUCCESS OF II
SUMPTION WHAT GENERAL GARFIELD SAY
ABOUT THE FUTURE.

| A PUBIC FELICIIAIION Al THE SUCCESS OF RE-
SUMPTION - WHAT GENERAL GARFIELD SAYS
ABOUT THE FUTURE.
CHICAGO, Jan. 2.--Gcni James A. Garfield,
who for the past few days has been the guest OF tAc
Commercial Cub OF Chicago and who has be- visiting
Racine at the invitation OF prominent business men Of
that city, was invited by the Honest Money League de
liver an address tonight the occasion Of meeting
celebrate the resumption OF specie payment. The
| weather was intensely cold this evening, the
thermometer ranging from IL to 20 degrees below
zero Despite this unpropious fact Farwe Hall was
comfortably filled with business men, VINO listened care
fully 10 the address.
Mr. Garfield was introduced by Judge ID. L. shoicy
He spoke AZ great length. reviewing the whole history
of the era OF speculation aud imitation. OF the future Of
resumption, hc said:
Cobbett The great English pamphleeer. declared IA
he publicly offered himself 10 bc biO ed ON the griirOu
on ne dat when cash payments should be resumed For
vror he kp the picture ut SrIuilOn at the head Of ,
panrr TO remind MS readers OF his prophecy We TOO
nave our grdiIon prophets; but all ther predictions
AGAINST determined opposition and repeated prophe-
cirs OF cyIl, resumption has com,, ana II has come 10
si.y A. | SAID in outset, II Will stay. he
cans, II ought to stay, ana because we are able Ia
mautain it. In anticipation "i MS coming me hus-
urss of tue country has gradually adjusted itsclf 10
the com standard. Every legitimate ehiei rse H be
henrued 10y resumption, and all Glasses OF Tie com
nun ~ will rejoice IT. except the gold gamblers and
Ihelr associates, whose craft II ha' dc tsuoStd ana eA
cept also those pcliuca. prophets whose "ccnr3h i
OF their predictions. ,.-.-,.--.
uOlougt doubt Iherc locked up ~ tue vaults Ot the
Treasury to-day huud ed aud forty millions OF com,
wi,l no ctnrr demand upon II than thc maintenance ui
the grrrBnark par. All experience declares mat th1
reserve l. amply sufficient 10 maintain It'Hhpilun
should II prove ,uicrut, The SccrcGul 0l tut iioas-
ury has both authority and the ahlty TO Increase
| it,
The people VIII have motive 10 demand any great
OI coin; for paper al par J. more convenient
gold silver The banks are bound, both by law
ana oNu interests to aid in III Intaning rcsumI-
tiOD. 1uc amount of National bonds new htld abroad
~ small 10 enable foreign creditors 10 dram us Ol
our com. II Leccs-lv, can sell t. Europe moro OF
our per cent bonds than she send home Of our
! per cents
Bat must not assume that Dl danger j. past Re
| sumption De defeated III two ways: First,
| by great ana unexpected CAlaInltY, ike war,
| or the general failure Of crops, winch
| should turn the balance OF trade against us; or,
Second, by the hos lie legislation OF Con,fcss. The
probability OF the former remote Ia be srriousy
considered danger Of The latter must be- prevented
by the intelligence und vigilance Of our people, Though
the opposition to resumption mas SHOWN great strength
Ia Congress. even down to very recent date. yet, now
tnat par been reached. do not believe II Will De
by direct Legislation. The Of
preservation VIII probably lead politicians tn abandon
such efforts The real danger lies in indirect ASSAULT.
which may DC made Ia several ways. IL the eIpcndi