Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1880-09-30

tlN treasury department, OF WHICH ne ltu
been the sngncuus and able head. under the
administration of Andrew Johnson, he left
about 500, 600 O0o of gold coin in the Troa-
snry and Sil6,00O,DOD of retired and can
celed greenbacks. He was succeeded by the
Hon. Mr.. Boutwell,, Of Massachusetts,, who
was Secretary until 1873. Then came Mr..
| Richardson, then Mr.. BristOw and, for q
short period. Mr.. Morrill,, of Maine.
The country witnessed the incredible
spectacle Of Il Government with large iloat-
| ing demand debt. in the shape of notes depre-
Gated ind lluctuatlng in value and lrredcom
able at the Treasury an unsOnnd and false
| money dorangine ull legitimate operations
| and transactions, turning all trade into spec
nlatlon or gambling making no effort to
redeem its demand notes, but deliberately
taking year after year hundreds of millions
| i'll gold coin received as custom duties, and
calling III at u large premium its own long
bonds. which the holder desired to retain.
From 1869 to 1874 this insane and fatal
policy was pursued and not until Mr.. Bris-
tow was placed at the head of the
Treasury was u suggestion or an
attempt made to resume specie payment.
| am wrong from the only Democratic
member of the Committee on Finance, he
| who now addresses you, frequent appeals
came beginning in March, 1863, and contnu-
ing through the long period of Mr.. Boutwels
sales of gold and purchase of long bonds,
| urging that reiundng the public debt was of
| secondary Importance to the re-ostablishmont
| of sound money Las the basis of our
| whole finance system, and il was all in vain. |
Went In Mr. Sb"rmoms connnitiee and were
| hurind thnre
| D,,rin,, aii tlo,,, ,,oo,, a r,lso money, ,yos
doing its evil work. Speculation was ram.
| pant, and PRICES grossly inflated. In 1873 the
bubble burst. and then came from ruined
spcculatorS a cry for more money more
| mn ninrities in tho sn,,otn oud Unusn rera
| nvtryhnln;,,,Ir p,nnbIicou nn5 vii do I
rrncn,hcr ii,, sn',tic.s and ,.i',nrou" snoocLo.
| in favor of increased nonrr money issnca bv
tbn ttnvornmnnt hv Sehntnr Mnrt"S nf nat
| ana. Air. Ent,,. of 'N;rIi,,on. fi,,,eral Inl,n 4
| To,,on of Ilinnis. Snnat9r Hove nf Wisrn,,.
.ini and other leaders of the RonnbIican
| nart,, ,,nt tn ,ncniiou tLn In Vviiiiair n
| Knli.v and nthnrs First Nj. Unnt,vcIi oud
thnn ti,' micharisnr haI osa,,nnd tho no,Yn
| IN reissue thn ,rr,rnhocLs which Mr. NcCnl-
| lncj, hnJ nnij oTd concclIrd oud a lin nnsaod
| Lotl, hnnscs Win namncrati' nnnosition IN
| r,storn Tho vnlu,nc oF ,,rannbnrl,s 10
| si0o o0o onn
This lin was reluctantly vctoed bv General
| Grnnt nn1 tborr il n ,r;rinns stnt,mcnt bv
Nm Shn,yin~ low I,n know III rart,, tm lt,nd
in relation t9 thr ,,n,stinn III Jnfm nnsscll
| Vnnm,,'s histnrv nr liz vova,,cD oronmd tho
v,"i u,,,,. ~ nrt :, ,om;n,'r'',,;s ~, 4 r,ay
| yIpI NVns tuuIp uII "a bill uuthpri1iup fine
rSissfo nf nhmit ;sDs 000 noo nr thr ,srren-
| hack mid onl cancelled Iy IJi@l NIrt,nIlncI,
| un.s.J Ia, Snr,t,.,vitl NIr sI,ur3not,' oiJ n,I
n,Jna,, ,.s@d H., Ii",m,l,ii.a,, hS" ' ,,,
r"criy"j Gnn f,ront,s onnrovai
| rri,is ,rns , ,,nst Inr,,InJ stc,, Loci,v,or1
rrnm sn,,.i, nnvmrnt In ts75 tLr iii coIlcI
| a Rn.iin,ntiun bili wo5 intrndnccd bv Mr.
| Sb6r,,ot, rrn,n th,, ,n,t, rntirms uro, i,iin,,
far a rr.nn,tim, il, coin in inm,iory / IS7g
| IA ,,n, , ;,,,,di,,,, ,,oouirn ,l,iul,! ,,,n,, tn
,," n,,,nit,e aiiHe 'n ,1n.t,I,,tin,,1 n,," Win
,n i ,,,,.,,', nr c,,,,tro,t;l,,, ,r t, ,i,
,,,,i II ,,,,,ia,I,nd - ,ti, ,'",.,,o
W nd, e. "'' ~ -"
'',,',', +,,,, co,t,, o,i ,,.l,,,
,,in1 H.. Sir,',o,, Vim, n,'' na, ,an,,, a,,d
,'Ii, Nv f,i n
i'tI. IT, ,,,,,,i1 ,ii,,' ,,,, "a, ,oi ti,n
, @ t ,v,t tir ,|y"n of ~" ,'rce,,1 an
Ha,.is,,,I,sn r,f;rc5 Ia a,iJ tlr vrr,1S Sand
iin,.n i,t i,,,,,'r,,.,,l n,i + ri,l;,,1 T., -,
III ,,n t'''', ~, ,;',,
and mn, = now "' ro, rcsi,m"tinn and th" pcm"'
NM ','', 80 pit n,,i W., De-,
,,t ,,', ti,, ii,,I ''r
"',,i. i 1 ,,'t " In, ,,,',,i '''''
", a,,i |i'' ti rn,,,,,s,,', i,,ta,,,,oI La
s,,nroI In. t,n r.s%i,itinn I ntTar"d in the
| -. - ~ ". IA i',,,i, at a. IL
i"'' Ia, M,'i'i ,, m.', :"
"" "',i' m"'
~" =" ~ t ~ ~ ~
i,f' ," "it, ] "..,, ~ ~,
| 80 So ,i - n.',. - 1, -, m
a"Np' ~ ''a''o i,uii''','"''' ICY 'AHi;t N''' W.
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l'i I'l.t Nv '',o .V"'.'' "l'N t'"''
Va ,eS'i ,, ",'o'i ,, i,, ~
ll'ls M''h u', .ui'unt 1'''t ','i oi,"iD " hi"NJ
resu'll'Ion "ctnli' 10 Mep o'Ir "lc'ts''Iu "nu "nu
|
.ioi'. WV w =" i'''0
t''ui"P I"iicV linlo ~ V'ol, li tooi'5'iuii'
n,i. H. i W I'll H. ,n'i "''i ,','n '
atS , H. r
Iy'itu' ~ ~ .iS Wy W.. ,,'t
belhVoraIiv Hen'luI lio'i % Wv Wv i"'h, ~ ~. NJ
iu y i'''ti' NV, i ''t
CuPnrt''ctSlhl iIUluts VI Nv MIs'cS. S'iu poH
lla'''lut9 u'.i' Su'i vi i"Di0 anu FiN"''
pI9ltiH ~ 'llo ooui'i1; ..4.. -.
b',t Mllvlc WI thu t'.n,i,9'iu1lol', WIZ y,
WI m Ste io Nv
VI 'io''l' "''' ao''i''
l''iil'ec ~ W w !'ol'"1o n -.. ,.- Al,
never was III IL hepi'ca @ eauc,.s' n'lt tll'
iehsPhPor1 HciulalH my NY o"t eNclN ~, @ ali.
~ VIZ VIZ " PUN. nv,i.u tt t"'N"s il'u p.r'
ned by Tue IiePiDhcails ana u was agreed tll'
lenulltuil Hiiu''lu ny l''?s' ei'il!i 1t n Nv
man ~ tho Hep''i,chl' Slu' cNcr S"lu Wur'
III ilS luNot' no ~ or cuI,''uIi' OF
uNt uNtt Vto " NV iol'i Il i''P'ipl'tii h'i'il'hN
Iatloh' ahu ahu ho Note WIS cNer re"Vheu upo'
'iG ., 'iiuasuIt: "
iGlloW cltlAollS' u Sotc olsl!!t 70 pc ruVtI,uu
lur urh ~" " strut "'u ni'"l iSSuV; .ioH'
upo' US III INC near future, Is WHetiic'
we are 10 I"Ne 8ouu or p"i ilolcN Ill lhl'
country
IL ls essential lof our prosperity mat tl'
resumption oi com payments shoula DC stapl'
ana secure hnfc Is great uallSer 10 us aIi'
our prosperity Is ana VIII bo u great leopard.
~ luilS us ieS"l tohuef Greuit currency Is II
existence. ! l'huahto-nisitilo men VINO hiloV
Ihe trl'hN ol liNlce' anu : protcSl lsi'lilS
lhc nIaSlollH ana u'laNS ul the secretary %
Inc treasury ana nus party whril ne tellr
| yon we are secure III resulnpuoh ana yct con
: s,htS I" thG reissue "l llle uo'eS aS laSl IL
thcN are rcierlltu' warn you ol thts'
! DANGERS ana holloN' E"u WIN ma IN Dem
ocfnllr administration u TtHui from tilGh
oyer ana over have sen the absurd clam
scl iHli llat !" 'nr h'IupiW"i party We oM'
= rrS'in'ptl"ll' u1rlaro tllat 10 inc rNlEtllrl'
ut lhal party ANA me tricky arrangements "
Us leaders We owe -" p"Htp"htllltlli "l frSlllp
ION llf III l'il.l HIt N"'IS' Ahu inc tplllh'l
hlrr nl IN lhllhlti ana uurtilNlIllY currency
winch lhd To VIVA speculation 'i"i dt7'Htr"ii
results. ..,s
Need ftlcr To Tue uarl, ahl ulhlApPN
HISTORY ul the nEcrtllrnMnI ll' llrSt ana mos
deliberate decision ~ llN supreme court
Selrlhlly declaring llhl II was int tNinprul
1 tor 'msrcSS !" rfrale i,lltl"liS EalurS aln
enforce lts evidences Nl rr'd" ~ "SHl tender
How ltcSidcul "rllit Alli ms Mtnfilu
General hr. II'ar' OF massachusetts, VIII
4 the aid nl II helhnhrHu senate aGc"N'pllsl"'
- Inc pNtrlhr"W nl llllN wise u'rlS"ll ny
! rlnnE"ln inlmhrraId N,fSmH,f % iho l'tllch
y And mere, lrt me ASK lhe llll'ulG't lntf
tall