, 1879-02-19

It ~ FIR thr support OF the Gfccnbuck party or
tu' Gre,i,!,Hck mcn pf The Democratic party"
: "fa It mt MI astounding motion for the leader
n thu lfonsu to mate, uIt.l what will bc the cf-
fee: ut III"
"1t thu substance OF TINT motion Is crsstal.
li5cd irtu law, md the 1nw executed the effect
. 1T It will ,.n1,lcstionablY bo tn break down The
oqu1yalency tetwccn grccnbaeks mn, co!n."
; Wlnt would ba the nrufer mctllo.i of meet
Secretary Sherman says will occurt'
"Thts would seem 10 bc matter Of business
md the Government should conduct It's busl.
ness on bnsnets princtples. i anybody owes
It, the prJbes thing to do IL to borrow the
mouey, II It ear be done. and not to force onr's
creditors simply to receive sluc.blll, which is
substantially what d proposed hy The isaus 70, of
peopesition Of Ms. Wood does s'' not dIrcstiy In.
yolve this idea, but It does remove from tho
Treasury the coin. which has been accumulated
for tho purpose Of resumption, md Is now held
to maintain the purity between gold md green
backs. The next step, II this motion succeeds,
will probably bc to repeal the law granting TIC
Secretary OF the Treasury power TO Sell t0nas
sreass f. .on T. r., fHs proposition D's
"Has It not been supposed TINT Fernando
ttHo undoubtedly hns been hard-money
tnan, ind no party in that State stands so cE-
phatically committed to hard.money t1eas as
does the Democratic party. Even now, by law.
in New York State, ta.es arc payable IN coin,
and, II mistake not, tn gold co!ii. And 1t was
not until the Grcenback party became form.d-
abIe factor in Now York politics that there was
my tendency on the part Of tile Democracy OF
that State to cater to the GEeenback theory"
"I1ou do you explain Mr. Wool's attttudel"
II intcrpret MIR. Wool's position to mean
TINT Democratic SOD is to ba thrown to the
Grcenharkef6 Of hfA 2tntH.H
"11ow does 1t happen that Wood ts found In
the COMMITTEES supporting tae views Of the
kng Of J1dSs IS Kfs h,
Judge Kelley at least can caim conslstcncy In
his position, while Wood canhot."
JUDGE KELLEY.
"Did you hear Judge Kclscy's speech last
night, and was there anythlng new inltl"
!. beard 50 much Of 4 "a TO saId 10 the House
Inst night. Tho speech US whole Ens been
withheld from tho Record for rovfston.' IIu
took no now positions, but he repeated somc of
the most ridiculous of the common stock arg1l-
mcnts OF the Grccubagk party.h
''One ot them. on which be laid great stress,
wns the alleged enormous contraction Of Tho
currency from 1905 to tho present tue, to which
hc attributed the ,panc 1t 1s;o, am! all nast and
were two thousand millions Of legal.tendcr
paper nluncy at the ciosr OF the Wnr. lie de-
nounecd Secretary Mccullough in untneasurcd
sess, aa H. ,nsl,,on @ ~, nna, as
r,, u ~ H. Iii ~.
n,i Wah,.o.,. W 'pn,,nn;a.i5 ,,o,n, & tst s
,", ,sss t,ouI.,nat,an ~ Nv .h " ne
r. M,r,in,,nt. .as Observation-Disclosures. us pIpe'
anone} as as. seeuoagm IT, , W. .9a lge1n'nsna., ~
9vo,e.os ~. ~, o;c,,t, -,
MsHssss ~ " oolcet'on " oose'''1i'eot 'ceai-
Ynu hnid. he1ierc. flint Ncf,ulo,,eh wns
correct and tint Judge Kelley IS wrought
"I do. Webster repeatedly declared In the
strongest terms that hc was opposed to tie
Issue Of paper by tho Government to serve as
currency, and that there was no power ln tic
Constitution to mako anything lcgul-tcntlrr cx-
ccpt gold aud silver; md In That very speech,
nnd tho very paragraph which Mccullough
quoted In his rcport, read b. judge Kelley
Inst night, tho evils referred to BIZ daniel Web
tter were tic evils resulting from tl,c depression
Of Continental uud Colonial currency, ut,tj not
currency Of tho United sta,cs ba,ks, or of npy
bank,n
IUo Won charee Judge Kelley With m,srcpre-
renting Welatpr's posiitopl',
II Think that Judge Kelley either mlsrcprc-
scented Tic positIop taken bY Webster in lint
epcccb. or Tint he does not know what Mr.
Wcbsser,e positio1, was, j say TINT McC cCuiiourf;s
representation Of Wcbstcr's position wuR *
actiy corrrct, and Ia futtY borne out y tic text
.,,at.,7 ~ N~ "e'-'