The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-01-09
NEw YoRk,s CELEBRATION.

Hon. Perry Belmont Responds to the
Toast, "Jachson's Day"
NEW YORK, N. Y, Jan. 8.-Jackson
day was celebrated in this city by ban
quet at the Hotel Savoy, given by the
Business Mems Democratic Club. Ex-
Comptroller Theodore Meyers, president
of the club. presided. With some of the
guests at the table were Perry Belmont,
Postmaster Dayton, James 5. Coleman,
ex-Mayor Gilroy, ex-Cham berlain Thomas
G. Grain and Evan Thomas.
Mr.. Meyers spoke Of the results of the
election and said they were gratifying TO
business men.
Hon. Perry Belmont spoke to the toast,
"Jackson's Day." He said:
The toast and sentiment to which you have
invited me TO respond refers TO the military
side OF Jackson's great career, as does the
event we have met to celebrate; but the other
side, the civilian side, presents considerations
which have great bearing on political issues
now confronting US.
President Jackson condemned the fncorpo-
ration by Congress of a National bank, be-
cause such corporation was not necessary"
and appropriate" for the exercise OF any
power vested by the constitution in Congress.
de insisted that the word "money," as used
in the constitution, meant only money coined
of 'silver and gold" The Jacksonian De-
mocracy of sixty years ago insisted that the
National Government was intended to De
uhIu-mOuey the power 10
'co1n money was power to coin metallic
money and not to make full legal tender OF
paper money-and Congress had no power to
issue or TO authorize corporation to issue
full legal-tender paper currency.
And yet last Tuesday Senator PETER, who
las invented great part of the Populistic
fads not known when the Repu blicaus first
created full legal tender greenbacks, declared
that the Federal Government requires silver
and gold only to provide for the existing in
terest-bearing power deOt, but that all the re-
naming currency of the whole country should
consist of irredeemabie paper omitted exclu-
sively by Congress and base d only on public
credit, and the National banks should be
created by Congress and required to loan that
money on collateral of comm ODDITIES or real
tate at d rate of interest fixed by Congress
He foreshadowed the coming issue 10 be be-
tween the metallic currency of Jackson De-
mocracy, supplemented by the modern device
of silver and gold certificates not a legal ten
der on the one hand, and on the other full
legal-tender greenback currency invented
by the Republican party, and which for
seventeen years irredeemable in silver or
gold.
The making of Iegaltender money out OF
tender paper money was not tolerated by
Washington and the statesmen who made the
constitution what 1t Is.
The creation of monopolies and trusts by
tariff duties would not be tolerated by Andrew
Jackson. Against such a condition of public
affairs in the State and City OF New York as is
foreshadowed by the victorious Republican
party-a condition unsa tisfactory even TO the
better portion of those Republic who voted
for Mckinley and the Republican State and
local tickets-Andrew jackson would have
waged an aggressive and persistent war. Are
loyalty to his political faith and teaching 10
make flRht2