, 1879-08-02

f,,Q r~n
VIA resumption reaaFdsa hefc AZ h1ea
factf'
ics. w.. .p,o1 ,,,t t., ,,v ~ ~. ao,,ust
.he "a" ,, nt.sent nnncr ~ ,t tl'c tsmk ani
rc,.cvn -" cntn in exc!nnce ;ur III Yupprsc YOU
wanted 10 convcrt e9)l00 of lcuas.tenters into
ennMlu ,'tv n, s1,nl to tnnat liz resmntlon f ia
T'a.er ~
p"Y L W., atr.n
..i IN ro;tli,
uYra. slr..,
ttAinrc yi,.n tsv. vo,, hcan AHA IN ohtnin
oo,drs e' ""en "'F' s'4 oeeo a''' " o''A'"
"sinco The ut Of January va could ret Rold
at tily sub.Treasnry."
t,ona hatl SEBASTIAN t., ronycrt nancr Int, noidf',
4 Va III hnva 1,cen ~ H." Hri.T'rco.mrv
anil rr, frttil !.
81" q iii rn' cvcr oh,o., :, fro,n Tim hopks,,,
"No sir; our banks gro noi unler thc nccc.-
lar fcatMres n thc i,c.mmn,ior mt, Thcy mi,
rciecm IN rrernhsrkss Will, orr reslccinaGle in
" rni,i.m ~ e'~""S' "'''s'' WV '~"~~'0
M. Wrtph. remarked: ut IA oblfoe1 to re-
w. II ,hn, S a, ,,re.nntn,; "A' '"e'1 's'
Ut y HeH afc l,IesennEasa'o na,a 81, ,,r..,,,,
a. tn,.. ~ i. tn, ~. ~, ~ ~ ,1as. NJ TIN
~ ~ H. ~ ',r,, ~ ,,nno.s,e,ta,
neaano.tun .t,am y" ~ 5ou ""'e'''H"o ~
Mel y latls ahurucs 10 ~ ~ .',a,.
t;,, ,nl3 , III III XIII. raIo"n, q" ion.i.
;anaers n'a, mo1"' ~ Iii p'o'"''s' 'sus' IN
"Whcn you say tint
ANT MAN CAN PROCURE EMPLOYMENT
t1crn who Ia disposed to have work. do yuu speak
from personal knowledge OF that Iact, or do you
gather It from informattoH gained from those
With whom yon astocsntcF
and from my own observation. / find when
requre additional hc1p TINT there ts more dill.
Guilty In obtaining II, some oi ny 9wn tnen eet
1Aki H1ArA , mr. n r Ek n
Inducements now."
What has broueht ABOUT nc recovery from
inE1n ,....,.,.
HThc cause OF the depression It would DC vel
to mention. It was owing to speculation. AMI
tllc industries growing ont ot epee1!ntiotf, buch
Upou tic explosion Of tho baublc Of specula.
ttol1, many hundreds OF thousands OF ncop!c
were thrown out Of employment, from tHc ces-
aasioi, of r9iEoud improvements anu otaer ~
uustrlee. tssu. ~ aenaasi saI t,v r~ad ri
~ ~ t} spa"} tI,a en,tntrv 1ltnsn Tin wrre nm.
tne la9os u ~ .,.sn 80 .or. ,,ccnraf,ona hnvc
pse.n a'x W no,d" ~ 1ahnr, mara nnrticularly in
iounu me" III mS'TS W,rthw"st nnr tcrrttorcs orn
19n WE. a1 1 ;,,"t n,,tie, has rcitcrd cnmm,I.
iilis 9, anu .hon ,tAs ,vr, nrcwoatty emnIoycn IN
different A!hnS VI oas'hes7 "'''e" NJ s'ope""eo
Dy tGe pan! NJ, -o,,ra t,c rc,atnstment of thu
~" a,,I ~ thn h,,siurs. kvsfrrr nj thu
lhuor y e.sH 49,, n,s,s, rf Tin nrnsnnt Itnnroya-
cosnst5 ..tnn.s1si
thent ~ pns'ninsr w., ;i,,. rraod3ratrcnt NJ 1ntorn
"1,n ss ven ar attrtbuto M a,,y Of liz mproysment in
r,,a iahor tf Tho country tn ierIsIn-
tc a, a;s,n ,aouI w ~ ,i'n rnun,rv arrt
t9nt ,sa aa1 u ~ nv msv ar In In,nr5ve Il !,
Gu tte puh!'een ', ~ % ;h"+ tnrfsinfint, has damn
II t. uouLt !, 'o1D" '''~"
mneh LOT y u: ~, too.,ot,on TINT payc ia ra.
Mas ~ ~ ~. ",,snonas ~ ~ tho 1l,st niace1si
oln9Vnues Y W.: ~ -, i:nnn snt viii ,i;ni',,
des W. h.om .,,,. tA1. I.,v,.,o,tor in, In ann,
"Dont yon tk ~ t,c nas rscaycrv ~ se'S f
manaef, sntss .areessnn' 4, ~ 'A'' 'S'' "
traua 1sola ueptces.oni L. |.,.,,.,,,, ~ ,,r,r;,,.
"lhnt VA "ele'5 '4'' eoAAss''oA - p'e''SA'
H.. H. reoncttz,t1on Of s,trcr uasstod In
the recovery Of busincssl"
III think rot.''
Mr.. Dickcy asked tho witness this question:
"Ary you a hlmctnlItt, n,onuiiuctalist, 0,
whnt is so,,r opinion OF what
Tur CURRENCY or ruE COUNTRY SHOULD pB3
n!i. ~ .asJ ~ - ?" A'A~" p"pe' '''N"e' As
can e o,,n yn, hayc ,,o papc, money Issued b,
t'ia Na'ouai ,. ttera +. ~, ,n,"i, a,nn,a
SIT, snt Gcfe Y ~ ~ 'ocn y, H.
tton 70 tanpGt "n a s ~ y. o,e
eouns.y e. 'ssyy,,robc nef5 ~ yai,es" I'm ' "a
can gys ,av v,,'H xn ,,on @ ,a ,',rc,
IN what pouy u en "uiu w. p,ase , ne ,F,,,.
to issue innmvv ~ oiusF '''t '''o psop'' tA'e"'
"asG tsr.a .n- s.o -. .nsro.,
nhat saunoI fo,,,.;I s,,na ,. ,ao.~h.r,
pn%s3 Wu1au .. nse ~ lssb eo,as" ~ ,,,. ne,x
! Woh!ult n9t 1tl'"et Il" eoepoFo'oA' VI III So1''
otntr "ay , , x.,,, .... !,
lhere mas neEn sstsIence n.sus ae56 ~ -
Francs. Ess1S a"1'.t gsGu tsun IT, nat. ,,,'
ol ttanec ~ ~. Gau ns'lesoaaf ~ uuaf ,,nro ~
banS t!at Is .ne M.nu o. money woa'u t nnsc
Ihat u, 3ou M9ulu anse M Iutat l so.u :.
the treasury ~ ieaeena EVERY nu.n1 u PupeR
| money lss!eu os 'no 9o'efnn1e"t'
"nes. sir. r..-
| "MclI, ! undcfstnnu your posltl9n now. lnat
Is all WISH 70 asK, anlu AZ. Mf,Ent, 4nlts
satise1 WILD ils insest!Ga.ions III ms olfccI'on
AT. o'Lopnos asRe" IL" quesl'ohs'
"TnERE HAS HEEN DEcllNE
IN the buRluess, trade, aud labor OF le city In!
tI,ere nut}"
"Ycs, eir.'
aWbcu did TINT decline act iniit
at SGT in hero upo, lie explosion OF ts,
| speculation which mentioned III 1879, callel
tic nanic.''
Hilau you euy SYMPTOMS Of II before that?
"Oh, there were, ol cuursc. T1u patient
| incbriatcl ior ten years,elta1 become a lttj
,Ick, a.lj when the explosion came there was
| ruueral y.,tnjt. There Wus q depression trou
| iB73 10 1878, Then tlpro was, you clatu,
ti,5oo, 600 030 III circulation, willis p1w there Ii
| S7lW OtU CO. In my opinion, this 500 ,000, ,OA