, 1879-07-25

las bte, tic accomplishment Of an'l rosnn!p-
tton. DO sou rceoltoc., nv friends, Whnt hlr.
Sherman ptsc y9u& & Eear o a1 av as u, h ,ssras eiss
ton, nNi that we would have fuller volume Of
money actually current, a,ld consequently
GENERAL RESTORATION or rnosrRRiTre
Wel,, wes llayo had gold resumption. for over
six months past. We hasn ha;l nnEct,vef iof
incidents, enormous crops At home, and great
forclgn demand for our surplus. The Rc,put,.
lean he., pa5ty did qat aa Frsrese fyS ~ iese oeE
dis.ress I ' inncted by tue ingenuity Of theorists
aud usl1rcrs, relieved it's asuerity BY bo1ntcous
Larvrats al home anu eager markets at'roa"
But for our sal.in!l!ci Gu trtNlnles 'saS ereMt
lnraut proaneriy. But in spite Of tt!efe gooI
pFoyIfcneea, In contradiction Of the plengcs Of
thu gold rcsumptitnlats Which lod Tug peol'lo 70
patient t longing .nrs'so n ,,, 81 tnr sr 'F'ris H.
paucs dollar is equal TO the gold sioilar hut The
gold dollar y ingcnlously kcpt hoar'led II a,o
Treasury. Tho. money netunfay current Is no
Years ago. Every little debt you owe 1T net.
t'ea you. Every largc debt still thrchtcha you
With the loss Of your home, your. iasi1l.
your factory, or your stofe. EVERY lax
before. Wagos do not incrcasc. Laboress still
hunt for employers instead OF employers seek
tng laborcre, and 1t fs at last becoming apparent
that ths condition ol things m last year .M 4, sno
lion under established gold prices ot labor and
property"
Uo then touched unon the question OF epecle-
payments, nnd clnimcd TINT, owing to various
causes, gold prices wcro onc-tbr1 IoUcr thnn
bl.1noiallic pE,ccs 1lo said neitiler party could
lot tho financinl question alone, md .tse !sepn-
1ican party did ilbt dare do It. hr. Sherman
saws in h{e last annual report, that tho present
Inv rr1p1rr fnr tina frttrnrn nf Two H1IIUfOnH
month cann0t atnhd without in lime over
throwing tho exclusive gold standard, He las
prevented that result heretofore by hoar1ug
knows there Is = limit 10 tic na,oslnt Of money
which peoptp will suffer 10 remain pflci In tue
Treasury. and that the Jay will CONS when theg
Will douanl that very large proportion ol it,as
estinEuishment esatsSi @ '' ot tho bou'ied debt,
and In TINT wny tho country will TO
forced from the gold level, OF prices to b!-
1ueta!a level. Therefore, he sars tint the tlsne
silver tolsar must cease. Noit!ser ho nor bis
party has any Intentions TO permit values to rise
above tlle low nolI level. hcnco the ql,catftn
must yet lc hctted wEothcr wo nrs to have antl m
mantafn tic gold standard only, 9r restore u; us
hi,1notall'c standaFp by tho unlimited colnagoof
silver.
The two great parties arc
sQuAnELy At 1ssUg on THIS QUESTION.
The Warner bill, which 9nvo the whole profits
Of coinage to the Government but provided Tor
sEoct OF unlimited colnaEc, and u thy Issue of
certificates for silver bullion, passed the House
aitcr an intenss and protrnctcd struggle,
every Democrat but eeyo,i voting Tor thc
tng against IT. That btll will pa.s
tls senats noxs December, tn spite OF hhlt-a-
dozen National banks nnd Eod-staa'lard DEM
osrats The alnost cGmneto aity 81 t1s s,
The bill, with Mr.. Hhcfman's known hostility to
IT, assures reto Of thnt great measure OF ec'
lfcf. Tho cOnteHNttblc c0wnrufcn or tic nc.
on tho great question Is nt onco IN evidence tint
the people demand inc relief. atltl that the
Republican purity arc datornlncd not to grant
It. II that Measure we're passed., nifnost al INC
produce OF olfr silver tn!ncs w!l nt ouco be
poured Into the channels Of circulation. Cer'tf-
Gates OF tls denominations Of 8lNlalltl NT,wntds.
rrdcemable in coin nl!d rtpreGrntel by tue silver
deposited, will enlarge our circulating Incautt
anl cause wholesome rlke Of prices, stimnlat-
ing industry, increasing production, tightening
tic burden Of debts anu taxes, nIlt! giving us
prompt md ganurai impulse toward renewed
prosperity.
settled by either party Is Tho question, WHO
hhall make and issue the paper money, tho GoY-
TIE NATIONAL nANKsa
The Democratic narty IN CongreBs las al
ready favored tho substitution of. Treasury
notes for bank notes. It,e Ohio Drtnorrncy
this yelr, true to lts pnst avowals, declares for
thu gradual withdrawal ri Natlonal.batll notes,
which, iu The langunge of tl!e platform,
elal TO "rcceiyablo for dill debt, md alega!tcil-
der equa1ly witt, coiI., Hnch t'osrrndett Issues
70 bo regulated upon principles established 1y
legislation or organic lAW. so as tO secure tic
grGatcst possible stAbisity OF yalues.H
Tho Republican purity intended, by tho Re.
suu,ption lay, and still Intends, to take up a'l
aaestroy syefS aoiar o. TIC ETeonpns9 m'sv t,5
reports, declared TINT such was
TIE PunrosE AND EFFECT or THE LAW,
md Mr. Sherman, Its nusor, atmittcd IL on tl,e
floor Of the Senate. 1t was sfu agltnt!on agains,
the total destruction Of grccnhacks by Tho WcA'
s,t e5n a sonte,n a s Na'9nalt
great ulnss Of the ltcpuhlIcan pnsty, established
thu Rreenbucks now 1T circulation Rs a part o
the permanent currency Ut the country, buI
thu monvy-power regards tho costlcss rrceslhac1
the currency, and An Obstace To tlMt complete
eoptrul Which It desires nn ihtculs to SECURE
The papor-currency will not be lett ha!t costlcs,
a1,d half subsld!zed, half tssucd by tho Govern.
ncnt and hull BY priratg corporations. II
ehould and will DO issucu wholly by o1ls power
OF the otl,cr. dlYo the Republican party . nov
iploEscmcnt dominated alsl contrultcstas 1t Ia b.
tle National banks, and YOU Will fln.l tlat etllcI
through conlrived judicial decision, or di1cctl,
bT legislation, your grrcnbntks Will be wipct
out, aud the mouey power Will stve you Just "
much or ms lltt1o pnper for your business as Il
poascs, aud will regulate the value ut your ID
bor a1.ti property. to suit itself. ON
experience haa demonstrated tilut ut
matter how plentiful nay ba the suopl,
Of The gold nnd silver, tie ercntcr part OF III
money actually currcnt will always bs paper
On the y0!umo of money actually current liz
ponds The price Of labor a,nl commodities. a
that volume rsss prcns 70 up, At,a M 1t fal!
they 70 down. Tie wholu volumo Ut n,onu
currcnt has rarely been uyer lf,eth pnr
OF tile aggrcgatu yaIuu oF the property Il
the country, yet when ,hc ,noney III uetual cis
culation is reduced ono Luudrel .n|ious tl.a
reduction
sMRINKs TIE VALUE or LAnoR
and property to atty times tbs su,n ot tho c,l,
rency reduction. Also, wsiu., .s current none
ts Increased hundred millions it ad.ls M
times that auni to 'nr selins yalu
OF other property. 10, too. whe
tie yolumo nj curenry llimiulsiIst
aud prices consequently fall. MI Lusnet
becomes unprosperous., While, When liz c.l
meas bocou,cs gnod usast,. 'ri.c powcr 70 ct,nsr
tlla volume u curFoucy, affecting, III II does,