, 1879-06-18
TIE B0aT0N BANQUET COLLECTOR BEARD IA.
SAILS B1LVER MONEY!. 2. LETTER bE,

a great many speeches vcre made along
about the wine nftt walnut staga OF tile Boston
banquct to the Chicago Commercial Ctut. Thu
talks we're mostly On eosasassc!al matters, and
the appearance OF the approach Of better t1me,
after tic long deprcsston. Finally Collcs,u,
BEARD Of the Port Of Boston. aroso aid deJty
cred himself Of d goltiitu speech md an assault
On silver money, at once out Of place md shal.
low.and crroNcous in It's reasons and assertions,
Among other things ho said:
The exclhnRo Of tho world IA in our faror Tin
gold and silver We are producing B accnmul&t,ns
ln onr hanls. The PRODUCE. of tho Wcat anl
Spnin, tic manufacturer Of tho East, arc Ro.nY
abruud at the ruto Of $500. 700. QUO year f,v!e
than the value Of tho Imports bring back T4nt
tgs e ttoy s ons W Eli pnx ~ ns sats Il n'
20 long 1t will be easy 10 nlntain rrsump,ionu ii
spccIc- oayucntH Int arc there any ian.cta to
n,enacs US II the tide shond turu, il We tioul
1nyu yenr or Two Of xhust cru:s. II ssc ahou III.
duige i'll excessive tnpoftntions m .wo hare ia
toru.er yearsY What are tho danEcss that 1nenaes
uuwse legislation; son.e,isnes. unfortuuately not
. sufficient cheek Dy y two.thirds vote In et|let
ouse ts H. c1nXrsss % ef thc e, United y satss dseeel.
.issenl, IN Col wo Trn.t "~sor tie odd csauss ~
st i d1s. n, npt Ana ar
bullion goes up md down In tho uiar&c,s of sha !.
wusld. We have tied up fn the National rreaaurf
n1!lions OF WHAT l cUfslact national life. Let
thc short crops co'nc. let the excessive mpona.
tons c0Tc, let tho baance oe trade turn against
~ and what WY 70 forward to pay onr ''ehtsi NJ!
oe thu xod, which i recognized BY the world that
will become out crgllturs' THAT wi, tell the stosy
Ihat s1ato of sIalrs VT! cnTs @ ths s!iyeE pho1is
.ender s1lyef doars that REPRESENT not 100 een!,,
but %. 81. o. 70 cents. A. the market Of tho world
f. i5os sanT
every man that sells goods IN cstlt. .{appIsute]
and without any corresponding bontat cxcsptfa
owners Of silver mlncs. tApp1auae.l
Hu then launched out against grccnhackt,
mud insisted upon paper currency exclusively
Issued by private corporations called banks
After tw5 Or three othcrs had spoken o.
mutual-aanltratlon topics, Presldcnf cAypLIa
introduced Mr.. l.. z. Letter. Of the great CHI
cago house Of Field, LETTER & Co. Mr. LyI-
TER sald tlut he regretted, tn tho pscscncc of
80 much hospitality, which he desired fully 10
acknowledge, to be- compelled to say few
words In dissent from the Views expressed By
Que Of. the speakers who had preceded him {M'.
bEARp). liz must bolleVc, however, that, tsbsa
they considered tho question OF tho currency,
thev would come to the same conclusion that
llo had arrived at. Thanks to our rulers anl
tho intelligence Of the country, Oh the lst of
January last VIC hdd rcsumcdlspecle- -paymcnts;
to mako that possible, We remouettzed silver,
because without Tint II ne had beea
dependent OH gold alone, Il was patent tint
was impossible to have accomplished It. What
had been tho RESULT They had seen their ~osk.
shops oponed, their mechanics cmploYed, theIF
looma rcsumtng their occuuation. aid tnda9 no
had prosperity. lie Thought We ought to feel
very much better than they dbl twcivcaonth
ago. The mono-snosat!Bts had foretold TINT tho
a.