Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-07-15
Secretary Sherman's Philadelphia
speech.
H1S REMARKS ON THE RESUMPTION OF SPECIE
PAYMENTS, ETC,

Secretary Sherman made speech yesterday,
to the Philadelphia excursionists, who escorted
him on his inspection OF the Delaware river and
the great city OF Philadelphia, he said, II had
that it would be good thing to get back to
l am pretty stubborn about principles hold to,
and that / will carry out what 1 begin. /
never had any doubt about the ability to re-
some Of these. no doubt, who hear me
thought it was not wise undertaking to at
tempt to make the vast volume Of our paper
enough to DO it. was the judge: had the
law on my side, the power to bring it about and
the determination to do IT.. The result had
All 10 a ana I
those who labor as well as those who spend
money-all are benefited by stable currency
such as we have to-day. Now, gentlemen, 1
think ! have said all I need say. am very
hopeful OF the future progress OF our country.
We are happily situated, compared with other
countries. We have broad, uncultivated area
OF land that has never been broken by the plow
We have mines, compared with the enormous
value Of which the vaunted mines OF Peru
were poor ana scant. The ComstOck lode and
others are greater than anything In the history
of the world. Two years ago labor was suffer-,
ing in the principal cities OF this country.
Men were afraid that our institutions could
not stand ndo the strain and would break
sion greater than that in England and France
o. Germany had come People were suffering and
could not get work, and discomfort reigned su-
preme. Some went to uncultivated lands In the
west. others went away, and migration finally
cqualiZed the demand and supply of labor. until
now, In two years, believe there is not any
part OF the United States where honest labor
cannot get an honest days work and honest
money to pay for it. There are those who held
that our currency never could be maintained
equal to coin with demand upon us OF eighty
or ninety million OF dollars year. l can say to
you now that we have the means, so rarely do
they care about gold Or silver for money that
only S., 600 have been drawn for notes and
greenbacks This is the strangest thing
about it, Now that gold is so easy to get no
body cares to take the trouble OF Carrying
1t. 1t Is fact that in every month last year
and the year before and the year before
tnat there was more gold paid from the
treasury than has now been demanded from
the 1st OF January Of this year to the present
time for all purposes, and our notes, instead of
Deing at 10 or Is per cent. below par, now that
We have gold and silver to pay them on de-
mand. are actually now at premium. The
treasury department In San Francisco wanted
notes instead OF gold, and we refused to give
them greenDackS. In New York and Philadel-
phia no one wants gold. When they couldn't
get 1t everybody wanted 1t; when they can no.
BODY does. Resumption is now fixed fact but
we nave got to stand by and not let demagogues
ana trlcksters cheat us out OF what we have ac-
cOmplfshed."
After the party had landed, Secretary Sher-
man remained on the Hamilton, which soon
after departed for New York. The Secretary
Will breakfast at Cape May tomorrow morn
Ing, and will probably dine at Long Branch at
noon.