The New York herald., 1879-10-31
YHE SENATOR FROM Maine.
Mr.. Blaine Reviews the Pending Is.
sues at Cooper Union.
DEMOCRATIC WILES.
Congress Utterly Unfit to Control the Cir
cuIation of the Currency.


Cooper Institute in favor of the election of the
publican candidate for Governor OF the State. Mr.
AIonzo b. Cornell. The large hall of the building
was crowded to its utmost capacity. while the var
Gus entrances from the street were besieged by
crowds clamorous for admttance After little
time there was the part OF many inside as
great desire to get out as was evinced
by the outsiders to gain admittance, but
efforts in either direction were unavailing. The
great attraction was the announcement that James
G. Baine republican Senator from Maine, would
address the audience the political issues con-
nectod with tho present campaign. On the platform
We're represented the mercantile and commercial in
terests OF the city. On Mr.. Blaine's appearance
tho platform he was received with cheering and
waving OF hats and handkerchiefs that con-
tinued for a considerable time. The meeting
was presided over by Elliot C. Cowdin. who
ut the close of a somewhat lengthy speech intro
duced Mr.. Blaine. fresh outburst OF cheers well
coined the speaker of the evening, who. when
silence was restored. proceeded to address the
meeting. He said 1t was an encouraging
sigr of the times and promise Of sue
ccssfu result in this coming election in the State
of New York, also promising sign in the politics
of the country. when the merchants and business
men of this great metropolis the emporium of this
nation appear in their distinctive character to take
Of being permitted to address them He would not
weary them by going over tho issues at stake in
their State election. The democrats. not only
of tho State, but throughout all the States,
have been busy issuing pronuncamentos with
reference to all outsiders, cautioning them
against taking any part in this contest. "There is
trouble among them," said the speaker. ''There
is dissension in the happy family. They have on
deavored to get up a sort of an organization en-
bracing man from every State in the Union, and
they have summoned Ben Hill, of Georgia. to be
generalssimo in the great task of composing the
domestic roubles of the United States democracy
But the conservation OF leaders from all the
and Territories OF tho Union has failed to produce
any sentiment OF accord among them.'
DEMOCRATIC wILEs.
The leaders of the party would have you believe
that this but State contest involving the right
forth But the election in which people of the
State of New York are engaged has far
yider and far more important range than the
the party leaders wish to attach to it. It's result,
the speaker went on to argue, would have influ
ence far beyond this city and State. He had OBJ
served not only here in this State OF New York but
elsewhere that when the democracy We're hard
pressed--or the assistant democracy, like Lucius
jamin +. Butter. candidate for | Governor ''o Of
MISUNDERSTANDING arc always certain to issue
proclamations that there is nothing in the world
in it, it was nothing but penny whistle. He said
they in the habit OF warning the people not to
take any special interest in the controversy. The
! this matter. They knew the contest weighted
with important issues They remembered
year the democratic party throughout tho
| country in combination with the greenback
party voted shoulder to SHOULDER in opposition to
J the resumption Of specie payment, and the demo
Gratis, both North aud south. then proclaimed that
the return to specie payment in 1879 was impos
| sible Hc remembered we'll that not only did the
democrats declare that resumption the 1st day OF
| January. 1872 impossible. but they also de-
| cared that the republican party advocating
the measure knew it to be impossible; and
] that the party IL fact IN advocating 1t were
state of affairs when the Congress OF 1878 adjourned
| And the republican party had nothing to do but
wait till the following session. The LIST OF january
| was reached-that great day, that day forever
| memorable in the financial history OF America. On
| that great day seven hundred millions of paper
| money ot the United States without comnotion or
| disturbance or excitemeIt' was placed on par
| with coin--(cheers)-a there. said Mr. Blaine. it
have passed away. To-day the greenback of the
| United States represents coin wherever commerce
extends or civilization prevails In Liverpool. Lon
| don Paris, Vienna. ST. Petersburg, Cairo, bombay
| Honolulu and Melbourne-an over the world. the
| paper money OF the United States is recognized
| and valued as coin. To-day there is not .
party in the United States that ares to rise up aud
| dispute the wisdom OF the Resumption act. Not u
party in the United States OF rcspec liability will
incorporate in their platform measure the
| peal that Resumption act. You could not get u
Congress OF the United States to-day. elected outside
of lunaiic asylum, that would dare speak against
resumption; and If such u Congress could be found
| the people would consign them TO the inside OF u
|
POINT OF THE CONTROVERSY.
This is the initial point of the whole contro-
versy between the repub. leans aud democrats con-
tinucd the speaker. The republican party is vindi-
Gated and triumphant in all its measures tor the
benefit OF the county. With regard to the issue OF
paper from the national banks the question is, III
| you have paper money, to whom will the
| power bo condaed or determining when
! and how much shall be issuciY There
| ought to be enough paper currency to meet
the demand of commerce and of business i'll all its
various channels but who Is to determine what shall
! be the amount? The answer may be Let; to Con-
gress.
Mr.. Blaine held he was not prcsumptuous when ho
| said that lac knew more about Congress than those
WHO had never been therc and he asserted that there
was not u body OF men in the United states utter
| ly united to determine these questions us Con-
grcss. Conidc that function to Congress. said he
aud have no hesitation IN saying that there is not
u merchant OF intelligence among all l have the
honor to address who would agree to pay or sell
deliver Tho vaius OF $4,000 upon the strength OF
u currency controlled How could ConBrcss
undertake to decide ow much paper currency should
be issued for the purposes OF the trade commerce
OF the countryf was the Senator's next question.
when the country at the most critical point ot
the war. he said they re Allied that the DIES ructon
| OF the grcenback would be the destruction OF the
| of thp United Statca There II cll