New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-22

X
FouRTns OF THE TIME DEVOTED TO FREE TRADE
AND FREE SHIPS.
iBY TELEGRAPH TO THE TRIBUNE
WASHINGTON. Jan. 21.-A large and intelligent
audience in the galleries and the floor of the SEN
ate listened to-day to Mr. Becks speech in OPPOSE
ton to the repeal OF the legatender features OF the
Greenback law. 1t was especially complimentary
to the Kentucky fnancier that he should have COM
manded during the entire two hours which he con-
sumed in the delivery of his speech the close atten
ton of large majority of the fellow-Senators OF
both parties The speech was delivered with the
Senator's usual emphasis each sentence being shot
forth as if it contained within itself the elimination
of the whole speech. In matter, however, 1t was
somewhat rambling and contained few or no points
which were not recognized as having done duty III
nearly every financial debate of la'e years.
Durinr the irst half hour Senator Beck confined
himself closely to the proposition contained III the
Bayard resolution. He enlarged upon the great
prosperity of this country, compared with Euro
pean countries, and said it was wholly due to the
fact that Providence had granted abundant returns
to the agrculturst while other countries whre sut-
fering from failure of their crops. The conditions of
orr prosperity he said, are evanescent. and should
they be reversed our sufferngs would equal any we
have undergone by reason of hard times. lie at
tackled the policy of keeping $250,00o 900 boarded
iu the Treasury. declaring that the accumulation OF
this sum has cost the people 6 per cent, or
$1,000 600 ard that its retention is entirely un-
necessary He referred to the appropriation during
the last session of So 900 600 for the redemption Of
outstanding fractional currency, and said that not
one of the dife caamites then predicted has come
upon the country Picking up the memorial pre-
sented last week by Senator Herman from leading
business men in New-York he alluded sarcastcally
to the call-bound and glded covers within which 1t
was inclosed, and then. dramatically picking up
another package, wrapped in brown paper and tied
with string, he unroled petition many yards In
length which he said came from the workshops and
farmers praying for the defeat of the Bayard res
olution. The assumption Of the bankers that they
can teach the representatives of the people what Is
hest he said, is piece of impertinence Mr.. Beck
alluded TO the tranactons of the First National
Bank of New-York, and declared that upon capital
of $500, coo that institution has cleared either
$500 900 OF 80 500, ,000 which sum he could not
make out from the returns, in q single year. Sen
ator Morrill, tried to point out some errors In this
abatement, but was not permitted to do so.
Senator Beck consumed nearly three-fourths OF
his time in discussing his twin hobbies. free ships
ard free trade and made frequent illusions to the
alleged general corruption of the newspaper press
manifesfing very plainly his opinion that the world
would be better off without newspapers
Senator Coke, of Texas, statesman OF very much
the same general style. both In appearance and
views as Senator Beck, but even more pronounced
in his advocacy OF his wild money schemes, has
secured the floor for financial speech tomorrow.