Martinsburg independent. [volume] (Martinsburg, W. Va.) 1875-1900, 1880-01-31

power WHdt Is meant Is. sup
pose, the power of capital. How
shall the law deal with it ? Capital
is the result Of labor and frugality;
it is by the virtues of thrift, econo-
my and self-denial working under
the instruction of intelligence and
enlightened self-interest, that CAPT.
tai is first created. Wealth and prop
erty of all descriptions are but forms
of capital. Encouragement is given
by the institutions OF property, by
the creation of government, by the
enactment Of laws, to induce men
to exercise their faculties to gain
wealth. Is all this founded upon
fallacy and wrong? Is there to be
discrimination, suspicion and as.
sault visited upon those individuals
of society who have been more sue
cessful than others i'm the accumula-
tion of property ? Is it not money
powern that enables the poor labor
er to become the owner of the pick
ak or shovel with which he prose-
cutes his daily task 2 Is it not
''money-power' that enables him to
procure wheel barrow ? Is it not
s'money-power" that enables his saw
ings of years labor, by temperance
and frugality, to give him the means
to purchase horse and cart 1t it
not "money-powern that enables
him to educate his children and fit
them for an improved condition in
life Is it not the same "money-
power" that crowns his life of hon.
esty, sobriety and industry, with an
old age Of comfort and respectable
ty? Such, sir, are the humble,
but honorable and useful, careers
that America offers to the poor of
all lands; and of all institutions to
secure such results, a money having
real value is the chief, because it is
the true and only road by which the
iaborer honestly becomes the capital
ist. Mr.. President, there are but
few assemblages of men to whom |
could appeal with more confidence
to bear out the truth of my present
differences than to my honored as
sociates in this chamber, so many of
| whom have illustrated, in their own
! careers, the advantages and true
glory Of American republican iDsti-
buttons.
The force of this observation was
felt by everyone. There sat Beck,
immediately in front of Bayard, who
went to Kentucky from Scotland, a
poor boy already in his teens. He
worked as a common laborer upon
the roads, rose step by step, is now a
United States Senator, and enjoys a
competency. 1t is but few weeks
since that he told some friends, 81
can't get any higher, for I was born
in Scotland. The presidential bee
will never hum in my ears" Sena-
tor Jones, of Florida, an Irishman
by birth, and still in the vigorous
prime Of a robust manhood, was a
carpenter in the Southern States
when.he reached mans estate. There
are at least twenty other similar
instances in the Senate-who shave
| illustrated in their own careers the
advantage and true glory Of Amer.
lean republican Institutions
CONSISTENCY.
| If there is any of our public men
who can fairly be credited with con-
sistency throughout a long and ac-
tive official life, that man is Senator
Bayard. One may differ with hin
on many questions, but who car
show that he has even been inconsis-
tentp Not so with several of his
colleagues of the Finance Commit
tee, to say nothing of other senators
And Mr.. Bayard hit them hare
blow when he quoted from
Secretary McCullough's annual re-
port of 1856 the opinion expressed by
the latter.
"That the legal-tender acts were
war measures, passed in a great
emergency; that they should be re.
garded only as temporary that they
ought not to remain in force a day
longer than would be necessary te
enable the people 10 prepare for re-
turn to the gold standard, and that
the work of retiring the notes which
have been issued should be commence
ed without delay, and carefully and
persistently continued until all are
retired"
"The House of Representatives,
said Mr.. Bayard, ''under suspen-
sion of the rules, by a vote of IA
yeas to 6 nays, passed the following
sesolution:
" Resolved, That this House cordi-
ally concur IN the rie,cs Of the Secreta
Ty in relation to the necessity of q
: resumption of specie payments as
|, the business interests of the country