The daily gazette., 1880-04-21
Creenback Meeting.
A FEW OF THE FAITHFUL GATHER AT
THE CITY HALL-AN ADDRESS BY
DIR. WELSH.

DR. WELSH.
A few days ago Or. Welsh announced
that be would publicly repy to the
speech of Senator Bayard In the u. S.
Senate on his resolution abolishing the
legal tender qualities Of the greenback.
The meeting, if IL can be called a
meeting, took place last evening at the
City Hall. Precisely at 7.30 o'clock the
bell Of the hall was rung for the purpose
of calling the faithful together. The
responses to the call were very slow, and
II looked very much at one time that
there would be no meeting. few m n e
uies before o'clock there were ten per-
sons in the hall, including DR.. Welsh,
who sat like patience on a monument
waiting for the hall to fill up.
As the hour hand of the clock had ap-
preached within few minutes of 8
o'clock, some one In the room suggested
that il there were to be a meeting il
was time TO commence. This suggestion
seemed to Arouse Mr.. Welsh from his
reverie, and lie cor clnded that it was
about time TO commence.
lie left the hall, and in few minu' es
returned accompanied by Robert Nc
Donnell, who assembled the platform,
and said that the meeting had been call
ed Tor The purpose of listening to an ad-
dress by MIR. Welsh on Greenbackism.
The speaker then recited the history of
the issue OF the Greenback during the
war, and claimed that through their is
sue the gOvt lment had been saved. 1t
saved the country then, and it is the
only means whereby the country can ue
saved now. The issue Of greenbacks is
the only means whereby fair days pay
can be obtained jor fair days work,
Through the action of stock gamblers
this country had been plunged so far III
debt, that II 1t was put up at public
auction it would not bring as much as
the debt. Through the contraction oil
the greenback man was forced TO "a
TO bank and borrow money at from 10,
20, 30 and even 40 per cent interest
He was in favor of the unlimited issue
OF greenbacks. Mr.. Mcdonnell then
introduced the speaker OF the evening
Being thus introduced, Mr.. Welch,
said that before taking up his speech,
or reply, he thought that it would be
proper to make few explanatory re.
marks. He said that it had been as
serted, that he was slanderer oi
Thomas +. Bayard. This he denied
he ha ed sltnder, and despised the
slandcrcr. This assertion had been
asserted by an Independent editor
through his gutter scrapers. He de.
spised an Independent editor. An in.
dependent editor is never satisfied with
anything, he is sorehead, ard is sc
looked upon. He thought it shame
that the Germans ever allowed lager
beer to be put to such base use as to
baptise such a man in beer saloon
lie intended to criticise The actions OF
Senator Bayard as public man, not.
I withstanding Che threats of an indie
| pendent editor, even if he should at
tempt to assassinate me, as an indie
pendent editor attempted to assassi
nate one OF Our number in San Fran
cisco.
lie denounced the actions of the au
thorities of California in arrestinl
Kearney, but it only went to prove
that Notwithstanding that slaveocracy
had been abolished in the South
bondocracy had been established il
the North. He contended that the
Greenback party was the only honest
party, for if taey were only in power
they would do away with the tratficine
in money, and thereby the Shylock,
would be without means to grow rich
The resolution of Senator Bayard
abolishing the legal tender quality OF
the greenback, was in effect to give al
extension of time to the Shylocks tt
rob the people. He may, or may moi
be honest in that resolution. IL,
would not question his honesty, bu
did seriously question the motive o
the Senator. The resolution, if adopt
ed, would drive the greenback out o
circulation, for having 10 legal tender
qualities, no one would take them.-
Thus it was 18th tine trade dollar, afle
the passage of the Bland dollar. TIL,
banks, railroads, and other institution
refused them, but the people took holt
of them, and did that which the gov
ernment refused to do-honor them
If Senator Bayard had succeeded il
getting his resolution passed, and i
would have become a law, it woulC
have demonetized $347, 100000 in til,
hands of the people. Thus it will b'
seen what wide spread misery such al
act would have produced.
Resumption is placed beyond til,
power of the people, is is in the hand
of the gamblers who keep all the golt
possible locked up. 1t is asserted
that you can get gold at the banks
Probably they will accommodate yol
with $5 or $40 worth of it, but SHOULD
you ask for thousand dollars in golo
they would give you certificate whicl
you would be compelled to present tc
the gamblers, who would charge you
small premium for the gold. TIL,
same may be said of the greenback
had Mr.. Bayard's resolution passed
Having no legal tender qualities yo'
would be compelled to take them t.
tie broker, who would probably ALLOW
you 40 or 90 cents on the dollar 70
I i 4.