Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-06-22

the withdrawal and issue of circulatin:
notes was agreed to. The llth and 12ti
are new sections reported from the Fl
nance Committee. The first authorize.
the refunding of 81 per cents into %
and the other directs the issue of golc
certificates. The 1lth section was adop
ted by eas n, nays 2-ButIer and Vest
1t is as follows: That the Sec. Of Treas
and bonds of the Z. S. bearing 35s pe,
cent. interest, and to issue in exchauge
thsrfor an equal amount of registered
bonds OF the L. S. of denominations OF
nifty. one hundred. FIVE hundred
one thousand and ten thousand dollars
OF such form as he may prescribe, bear
ing interest at the rate Of 3 per cant
per annum, payable quarterly at the
Treasury of the United States. Such
bonds shall be exempt from all taxation
by or under State authority, and by
payable at the pleasure of the United
States; provided. that the bonds herein
authorized shall not be called in and
paid SO long as any bonds of the United
States heretofore issued bearing high
er rate of interest than per centum.
and which shall be redeemable at pleas
urs Of the United States, shall be out
standing and uncalled. The last of
said bonds originally issued and their
substitutes under this act shall be first
called in. This order of payment shall
be followed until all shall have been
paid. The twelfth section was read. It
directs the Secretary of the Treasury to
receive deposits of gold coin in sums of
not less than so, and issue certificates
therefor in denominations of not less
than SO.
Coke moved an amendment directing
the issue,.of silver as well as gold certi-
fcates, and designed to continue the
present silver certificates.
Sherman urged the futility of at
tempts by legislation Is arbitrarily
maintaih the two currencies at par, re-
gardless of the fluctuations Of the money
market, and appealed to his hearers to
leave the silver question alone this ses-
SIGN. He incidentally expressed him.
self as decidedly in favor of stopping
the coinage of the silver dollar.
Davltt Talking in Boston.
Boston, June 21.-Between seven and
eight thousand people gave Michael
Davitt loud and prolonged greeting as
he appeared tonight on the platform in
Mechanics Fair building, accompanied
by John Boyle and o. O'Reilly. Mayor
Prince presided. When the applause
subsidized Davitt read a carefully pre-
pared address in calm and dispassion-
at language. 1t was a representation ofthe
wrongs and grievances of Ireland, and
the remedies which should be applied.
He explained his address was intended
rather for an American audience, and it
was an appeal to the understanding of
tho American people through their
press. The position of the American
in the contest is purely judicial one,
and the public opinion in this country
will only consider the facts and statis-
tics rs presented by the Irish Land
League. The speaker then presented
statistics and argued that landlordism
as it stands today is a wretched, COM
plete and unmitigated failure, and it
has resulted in the peasantry being COM
PEELED to live in one roomed huts, on in
ferior diet, amid agrarian crimes of
murder and disaffection. He then pro-
ceeded to show that for the last seventy
years q million of dollars had been ex-
tracted yearly from the labor and soil
of Ireland by some ten thousand indi
viduals, who contributed scarcely any
thing to the country themselves. Side
by side with this vast decline of Irish
wealth during the last century have
been not less than five sfamines. Up
wards Of two million of our people
starved during the periods of these
famines, and millions Of pounds have
been abstracted br few thousand land
lords, and yet Englishmon cannot un-
derstand why we want this state of
things abolished. The speaker showed
that one-fourth of the land of Ireland
is under cultivation, and explained the
various plans suggested for remedying
these evils, all Of which he thought were
too much in the interest of landlords
themselves. My plan Of settlementOis
this: Let the government issue bonds or
raise public loan of fl40, 0,0OO,O 900, bear
ing three per cent. interest. Let this
sum be compensation to landlords for
lands which their ancestors seized from
the people Of Ireland without any COM
pensation whatever being rendered.
Lot the land tax of ten per cent, or
about one half, be paid to landlords, to
bs substituted for such rent and to be
phlu W SUO Csnso AoA ssnC AoeS VA q AAS'AsA
revenue. Let Ireland have the right of
self-governmsnt, and let Ireland be ad-
ministered by an Irish parliaments A
peasant proprietorship offers nothing to
the industrial non-agricultural masses
Of Crest Britain and Ireland. Never
theless if this solution of Irish agrarian-
ism is resolved upon, or undertaken bv
the government in preference to my
scheme, ] shall neither be insane enough
or criminally stupid enough to thwart
the settlsm ment of a burning question by
any blind idolatry of my own views.
The time has already vindicated my
past effortai in the oauss Of Irish land re-
form, and can we'll afford to wait for
the approval Of which am confident.
There viii be room for my plan for the
Anai settlement against . people
who, ! am proud to feel, do not mis-
trust me, and in whose behalf it 10 my