, 1881-12-17

FHOM THE HECORu."
WAsnrN1ruN, u. c., Dec. N.-ln tho Scnate
Sir. Vuorhcos' resolution, referring TO tho
Flnaneu Comnittdo parts Of the Presidents lncs-
aagc rclntln1 to n repeHI Of tho lnws authorizing
silver coinNko md tho Issue OF silver ccrtlA-
Gates, was tuken up and that Senator addressed
the Scnntc. Ito referred to tho financial dis.
sress Of tho country !durtus i've years prior to
1873 ana following tho actlcinonot1ztER stlv0r,
aud satd that. whi'e this distress not ,iue to
TINT icGlsut1on tho ant WIS potent fActor IN tho
general s1humo for tho contraction Ut tnonpy
nnd tito consequent ovortnrow Of business
prnpcrly, 1t was ono OF several kindred Hcas-
ures tcsiGncd to the salno evil. and looking to
tho bcnuflt OF tho moncY-londlng usurers GU
Enycsl In Mnksng money scarcu auu deMr, The
rNto ut inturest blXh, Wnges low. and tho times
hnrl fur all hut bond uud mortga1c holders,
Tho law OF tho Democratic Congress-, In
hts restoring tho silver circulation BY
means ot cort!t'cates and coin. broke
ths nightmare spell Of financial prostitution
and 1uIoke,lel the Vitality Of every business ot.
tGrprise. 1t 9nve poattiyu ASSURANCE Of Il much
neetled 9rnlunl lncreasc Of our circulating
medium. Everybody could tlen know how
much was coming, ind at what rttc, and could
prepare fur hus!t,rss accordingly. Nono Of
TIE VKItEatENr DEMONSTRATIONS ur EVIL.
thon mule ngAist the usu Ut silver lnos,oy had
bcon verified. Tho cupric[ous exercise by tho
different Secretaries OF tho Treasury OF tho vass
and dangerous power Of contracting th0 eurrcncy
aud Tightening tho money mnrket at tho In
stnnce Ut the National hunks. whu would hayo
driven OUT the cironlntion OF all kinds of money
,1,ta r.,t"l no,t .',,, a., ~ .snst. -. .t...,
SELVES ,""cthor % ,sit tha opons,as,,n ] ~ ,n'' y,
siIvor ,,,,ro ,h,, MI n,hor nn,,sn. nnr,t,,,o,t
cr.n,ea md couttuued the ,,nni., ri ,s;;, ,rhc
net OF Mny 81. 1b5B, prohibited Rreenbnok
mohoy from being touched, and tho Trcasnry
o.nno ot TN nmo,,nt thcr n,,tatsuSIr, Tho ~"
aver ~ to tho m cry hat thc % urcenbncS s"uac ~ was
failure II ulyen In tho fAot that tho n.nol rta Of
groeabacha In circulation In 1878 and l8at ro.
epcctiYe1y arc exactly tho same. That cuuse
had urh,cyed II great and Imnnrtunt yIctnr,.. for
tho xrcc,lback currency ron,aIncdta ateulfnst
underwriting. and honoyoa ana. ne,I,,ca tho nct
OF 8ecurIuv the vreenbpck from further ,nn1c,ta.
ton. n auusoouent stop makinw II rcro,vnh1c fnr
import dutios ratscl II to a par viii, mid. and
.r1,r,,t IT. u.a ,,,,u.1vpr r1,v,, s,vcr
nv ,hcsc ,ncus,,rca t,,o c,rrcncv aas ,mon rco.
uooa11v ,rnaoI ,,v tno ma NJ a,Sar ma 'pu ~
cntirc crm,lot,on re,,,.,e' statto .nI nn,rar1 w.
m vain, unT ~ ,hts ,yn. ,', ~ ,,s.,.,s. 49, ~
nerty or tho co,,ntrv' II hnd ,c,n, ',r',m,,1shod
~s.tr.+ I'm o,n,vot ho.,i,tt~ and tns snt,
~. ~ f,nn,,,nan an"tstr"1,on 11r;sr ~ w..
s,l...r ,n,,,os taa hssn cnnoJ 49, .,ros aass
,,no",as ri ,ao amo,,ns ~ Saa IN IN i,s..,
,,n,i"r ~ ;1,I1"r ~ ,,o. "r rr n,.,s =.
~ n.ra.s.",' 49,, ",aI',, ros .s.,s ,a.''.
Thato 1er,ihcnrea .,a In RI. nont ots ~ ~
nc.nto nnrr,rrnInv iii ,hn ot,l,n. ~ ~o,nov ~
,t,l]v hnatneas. -
Yuorhuet cbaraoterizad tba' rsconxsH1cn dotion
of tl,a sccreIarv of tns rroas,rv f.r ;, ronoi ~
t],e nnthnrtrr ,or stIvcr scrt,ncatss srd ~
,hc,r nariv r.;tram"nt' , ~an,nn al, ~ ~
mind crin,,nuI ns.nuIt nDon I'm s,cncioi sr,s
ht,v md husi,cas nrnanar1tv ~ tho vho,o
cn,,ntrr' 'F~' >"o
~ WAC rpr,nrp.rr r,v ppo,,oarn
, "... ..... ..s" ".. >. +1 Ht.pI osAp
".' a,'a,.a' :, tnan 80. '.nohs " npnsy
~. aa1 ] osso, ~ Ms NV suo es'oaeaushee suAeu,a
sna a.ts,rh rio ~ ~. 49, ~ eoa"s a..,s
..rn,tn ,,,ss,e"as 49, -" H,.s Gs "v".. j..
ussa.u n,se.AVt , 10y ps"S ~. SoBESs4 y
no. ."s .'"4., ~ ,tfs au W..
a,hn,,ty nrer shs .yar p.na~o "mt dIsars,,,n ~
~ "a.ss't. ~. ~. ses eo"aku W" a1seseno"
~ g9an usn " .'e' ot "o4 NJ ~, tno eecsa.
~ ~: ',..os.,s',s ~. ~ fe sH.tF a'Nte'5
ut .~ ~ .ao ~, ~, ~" eoesesaty coNpla!Ms
~. taat t"o'u"t W so". ~ 'ns taa"e aao WI
.'ot e."a,ass' . aa,poua" HIeut eunels aA'o ofan
~ 'oas "". - ~ ~. ~ ~ hso naAfs ~"
sta.e"te". sl"t fu"u"oe VI Pr paper MoaeS'
Dnseo ~ ~. 'n's '11s so" M ~ cIseuauon ;" eFety
e.ats ~ tae un'on' t9a heeEe1hrys report
a, -. ss's ~ ~ eoHna nataoera o.
!,NuvsooHrAA v,s0o III oeFt'nca1es. fla'"uu
~ uata. "Aa1, ',. tue!t CUT! pe 'houahi VI hls
eanoot a"o .Llto'Hxahco Ill tsf'ng 10 'eaVo tne
'a'psess'o" e9a4 A'''of money
Dtuu AND FA1LuhE,
ahd that mo people don't want'if2 This assault
upon *l1o, o,tAn,on of currency on y speolo basIs
wi! be 1peI ny tho eoYhtFy and }t& Ruthufa
RtEf1lY FHbukHds Tba HoNrn6 nf thu 1nabfr,-