National Republican., 1879-05-09

Warner and said that If that gentlemans speech
was right then tompennce industry, frugal living,
busless tact, aud the accumulation Of property
were hereses and devices OF thieves and robbers.
All that there was In the argument OF the gentle
man was that prodlgal and improvident men
should, by some hOcus.pocus currency legislation,
restore their broken fortunes. He admitted that he
!Mr. Chtitenden) spoke rs O capitalist. Yes, he was
RI 70 o5 ro5n,ber,n according 70 Mr.. Warmers doctrine
Loud laughtcrl Every industrious and temperate
man In this country made money, but " required
common sense and tact to save something and be n
capitalist laughtcr.l The doctrine of the gentle
men (Alr. Warner) was tho damndest nonsense
ShOuts Of laugher1
He declared himself not opposed to bi.metalllsm,
put for 1t whenever practicable But while the
great commercial nations adhered to the gold
Standard, common sense and public policy forced
the United States to stand with them, or else to
huopt silver as its only standard. The present
coinage law, unless modified would certainly force
on inc country an exclusive silver standard. He
silver dollar of4i2jS grains as the most dlsgraccu
form oipoitical money II was ns corrupt and MS
corruptly principle ns II 1t only contained l2l5
grains lie asserted that the coinage bill which
passed ihe House OIL the 4th of November 1877 was
intended by It's authors TO drive all the gold out of
Ine country But that free coinage bill failed, and
Of the whole people Why should resumption be
broken down renlorselessy now2 This "monstrous
proposition" was claimed by its authors and pro.
notets MS being IN the interest of the people; but
nc affirmed and could demonstrate that 1t was in
The interest OF bullionists and capitalists excu.
sivoly. lie referred to the recent purchase of steel
rails In England by Mr. Vanderbilt and asserted
that under this bill Mr.. Vanderbilt assuming TINT
he had given for $500 for these rails) could
purchase silver bullion at n cost of 8 10000 and
have II coined into s50000 thus saving $4,000 by
the operation. The bill would oppress and rob the
people IN whose name II wns ostenaiously brought
forward. III silver dollars were made of honest
weight he would not make n word of objection to
II. lie proceeded to ridcule some of the Green
back nropositions-those introduced by DE La
Matyr, Weaver, and matchmaking (he said two
thousand millions already asked for by three mem
bets OF the party of the future" who boldly
claimed the Democracy for its tail. Laughter,
hitnollgh all these propositions were alike ridicu-
ions, they were danger signals" They were the
logical and inevitable result of Congress tampering
with The standard of money. lie declared his be-
iet that II the legal tenders were dulied with any
longer In Congress, bills for fresh issues of green
backs would be logroled and run in parallel lines
with river and hnrbor bills, gathering rs they went
every scheme of folly and wckedness, until the
government would toppie and crumble In ruins.
HIS prayer to Congress to let the currency alone
aud to give to the people peace rest and liberty to
prosper. IApplausel
MIR. WARNER argued that ineonvertible paper
money if carefully limited in amount could retain
Its iu nco value, and quoted financial writers TO
sustain that position. The valuation of all property
In tho country had been changed from paper TO
gold aud silver, but under the existing law that
valuation was noY being changed from both metals
TO gold alone. The pending measure was intended
to prevent that.
Without acton on the bill, the House, at 4:5O ad-
journed till tomorrow.