New-York tribune., 1880-10-05
BELuONT UPSET BY BELMONT

aow HIS GREAT UNDELIvERED SPEECH Is CONTRA
DlCTzp BY HIS LETTERS 70 SECRETARY SHEER
From Sscrcary sehurzs Speech at c'evsa"a o" fT'adS
The discussions of this campaign with re-
Uard Ia financial subjects lave also heir de idedly
a hnge lest when. some ago. at tie great Iannaht
meeting IN York, some prominent Democrats VII VIZ
nayments and the nndn& " the National deDt iof t"
Democratic party. prominent speaker al lnat iain M
eay ne had made n strong point when ne sNu thtt
specie payments had been resumed and me hndlne o
fhe Natio1a debt had taken place while there was a
democratic ,naj1nty Congress-. giving US 70 under
stand that the Democratic Congress- was aIer az ~ oG
not pertinence al all. Mr. Belmont Is TOO strong De"
Ocrat to have gno1 mem ry. ,.o.. oro Coo,ras.
pubtshed goime 0f correspondence that hai Passed
between Mr. John sherman the SECRETARY Of The Treas
nry and number OF eminent nnancers OF the country
ABOUT tine financial operations OF the treasury IN mat
volume hud number OF letters Iroul hr. briinont
wStcI are highly instructive In one OF those letters
dated Junr IA 1871. occurs the following passage;
Mr. Chase tooz the bui! ny the norhs oy aecasr,ns M
over ms own Signature That the prime pie as wei as Ine
interest OF the 20 bones were pay III gou anu tne
fai,n as well the credit OF inc cnlteu STATES yes GIe %
ple gcd TO by the Iacit o. me uov
and is creditors Nonne Ias nm as
credit renOwn upon that great Statesman tHTn m as G
prominent and favored sou OF tDe hoD.e oa'e " Vo
as you are to-day and nothing more eneei @ pav
tbe way of reducing burden OF our people Dy lower
ing tns interest Onehrd, than tna expression, sauc
toned and confirmed by the subsequent acuon o. Con
The acilon of Congress alluded TO the famous
s.reugtne0 puDnc passcu
Of 1869 ,. .,, ao,,oroo bo bc, mn,
v forgotten that when the vote was taken upon
80. ecr Of 969 10 the OF Representatives al bat
20 1emocrat voted against II. end te one Democrat
ghn voted FOR II subsequently became hepuDhcan'
h, in tbe Senate all tie votes In s ihVOr were fe-
'nIi,c1n and All the Democrats V"tinS V0lel s"luy
p,s1 as M, sa ge ana that nlnctenths OF Deocra'lc
.rat1rs nave never reased 10 deEouncc " IN nIot
vioIeit ian guage Mr.. BE mont wrte no'H1 Is-7 ,o
ms Secrefary " tle Treasury 90 NOV.lh'ci - ~
Un,ch tle foNowi passage occurs o)4nu "a
oii "d I've Of our country's far name ake denan
nom tbose TO whom the adminStrhtlpu Oh ls az -, p
hsy, bee infrused, the most unc0upr III s.'s -
to tte bind and dshOnes frenzy wnch uss laSch n Do
NJ Cougress aud sincerely hope thAt yop VII o ~,
ondet IA the ask you ~ tDe heh - '"PP"'' ~
Tbe presd nj and your colleagues -. ,o, ha
MIR Belmont seems 10 have i"r2oSoh '1at 1.isH w" ,ie
snoke OF the blind dishonest IRE ~ o. ~
House OF REPRESENTATIVES was c'nfoiea ~ .si,rast
rratlc M. tiWity, which WAS just, in oDh '"' "''
FRENZY" fepealng the RESUMPTION ac'. -, "a dts
IN snneare. therefore, that from Ihe D''D' "u
bonest ireuzy OF Democrats In Congress le aPp,ha
for the nIo,ectlOn OF the honor aBd lnteIcee. W VI
Hmerican ueOple 10 Repubii IN admin ~ hs'ou III
Bemopt ia nov In favor OF dong away wb w, - s
men admlnsfratioB. IL IL 10 lei Jne pima anu ush1
frenzy Of a Democratic Congress nave Is ~ ,y IN
pbsfricfed think a wise ana patiioilc csi1on' ,no
whom tne interests OF the RspuDlc stahu .DD,a so
interests Of party would think Twice before 'AA"s "
asaard0ls u leap