sa nfg" pk - , . . - , , , ,
"H-nAYvMoMHiMSB, Proprietor, y ' INDEPENDENT" LiVQ and Let Live." Sl.OO a Year if Paid in Advance.
: 'i . . 1 , i , , - , , ..
VOIiara , TStfi 40, LEHIGnTON, CARBON COUNTY, TENN'A, SATURDAY MORNING, OCTOBER 9, 1875. Subscribers out of Couuty, $1.20.
rV'rrnltttreyVVareUon.e. . j
trcairirtillank street, rlWrr in alL Ainda c
JVvvfluft. oifftmtMdtto oraVr,
Bott nd Shoe Maker..
Clinton llr.tn.J, fix Wl hunting. Usnk street.
.11. WfUCl . 'l j j"-
PITT-alXMI NOt-Thst ELWTRIO LTNI
KENT, like 1 ot tt-IJUIlUKQ'S DBUtl
.ail oraera promjwiywo.
ifUi. li V". iTii ii U Pa.
jymMr'kWt.Baiin,i,JV.rJSlor,Droawj,
$kl .urn CHUNK, rii
..n...i.. nlpnl business promptly
sjJfjT A. DBnTtAlMBIt,M:.i
Qrt rHTlCUNlND SUllOEON.
f p4W MtnlloffS lo Chrouls. blieaesl,
Office: South Eait corner Iron and 2nd eta.. U
kl.aton, Pi. April 3, 1875.
HUCTICINQ PHYSICIAN AND 8U BO EON,
Otae, Burn 8trt, next door sbov. the Po.tj.illM,
Lshlihton, P. Offlc.lloura-rarryvlll..chTiv
reraioto U o'clock! remainder of day at office la
Lehl'ihion.' ' flora). I
J" IX DIHH1CK,
SrlATjOTIONEEIR " v
KkirVilport, Pa. .
X B. Salea very oVlcrJptton.attended to at
rsasonatis cMtBi"Vic' imuu-.tj r-.
respectfully
, lonnna; uu.,
J18.. LOOSK
TneRToEic,lrir& m
OOSU, I
ATTORN BToT'lrlD COUNSELLOUB AT LAW,
Omca-Ilrit NatlonsI Bank Cull , 2nd floor
UT U .oaiulttd In Qerm.n. I Julj U 1675.
P J. KRCHKK,
ATTORSiY-ATLAW.
'IMI V;l'DoW. Clock,
MiTJCn CUUNK, PA.
W cornnlt! In R.rmtn.
: . -
Jinn.
rSjibteAs b: heck,
CSTICB-OF Til PKACE,
Cj- BASK Strset, LttlliailTONi Ps..
rioViT.Mor: Collecllnr and all business con
.i(wlth th. office promptly attend'l If. ,
4-irlnUr flr-els lnursnc'Con.psnlc,i
leArKt.k. fall klnss tsLen on th mo.l lll.l,
V.r.r" . Jsn..,187.
nrjyr M.BAP8UBR,
ATTOKNKY AND COUNSELLOR AT LAW,
Bisi StiMT.t.imumox, Pa,
K.slXatst. and Cull.ctlon AKeucy. Will Duyaud
ball A.al KtaU, CtuTeyauclug neatly done. Col.
l.itlans uromntlr mad..' b.ttllnc Kalates of De-
eedaut, a specialty. May ba cuu.ultad In Encll.h
ad li.rn.an; Nov. ii.
rpilUBlAS KG91KRBR,
JL CONVEYANOEU,
GENERAL JNbUBANCE APJENT
The fflQwtng ComsanUa are Hvpr.Bentedt
ilAitOK. MU1 UAI, FIRE,
JtXAlHAO MUTUAL I'lilB,
U V,YOMIO 1'Iltli,
POTTMV11.LU I'lRE.
LUHIUII Fl ItE. find the TR AV
- BLIRt.: AU'CIDKN t' INHUitANCE,
All Fensavlvants ud Mutual Horse Thief
D.teellre and InMiram e Company.
Usjsb 13. 1171. 1 UUo. K tiUEREIt.
rjlUOMAlt A. WILLIAMS.
LADlr.S' AND GENTLEMEN'S
'' ' Fashionable
BfOot and Shoe Maker,
Next U Lettekera Block.
BANK STREET, Lehighton, Pa.
llavlns commenced buitneH., as above, I would
rsapectfully announce to tbecltluns of Lehlgbton
asd vicinity Ibat I amprepared to do all work In
myllna In the peatMt and most subitsntial msn
nsr, at price, fully as low aithe aame work ran
.be'eUlned In Philsdelpbla. A splendid assort
weat.or CIllLMtKira and MlSeEa' WEAUor
the beat make alwaya on band. A trial Is solicited
and satlfactloo guaranteed.
at lowe.1 prices. July 4, 1874.
J P. BBLTZ,
PHOTOGRAPHER,
Upper. Main etreet,
4 , . ; bLATINUTON, TA.,
1 XatbeOALLEIITrecentlyoocupiedbr
TICTDWE'" TAKEN IN ANY WEATHER.
OIIILDUEK'S LIKENEHSEb
i ' . AfcpeclHty.
PATnoNAQK UOLIUITED,
And attracUon
i UnajantceJ. Junel-75yl
Singer Spying Jlnchino
A. OAHTER & SON,
Jnly 17-m3 MAUCII QIIUNK
ntvynoPEAX liousu.
OPPOSITE THE OOUHT ItOTJSE,
Saijaeiianaa Street, Manch Cbnnk.
'i
JEED. WAGNER, Proprietor.
This rjeavo taa reeentlr been fitted np In an
eUetrant manner, -whe re Ladies and Uent.emen
trtu be npoliel with
IK ALS AT ALL II 0 D R 8 .
isr xlboa'nt rooms tortus oaEai
ouw,Ta terms moderate.
IMlS tot lutriu4 OaUlciijUO aad Prtoe Uu to
k. DARTER & SON,
) J7I JXAUdU! CHUNK
Railroad Guide.
N
ORTII PISNNA.RAlI.UOAI.
Pflasene-pra for Philadelphia will leave Lehlsh.
ton a. follows:
BfTi a. m. via L. V. arrive at Fblla. at 0:00 a. m.
7:47 a. to. via u. A s. " - 11:15 a. m.
TrW a. m. vli L. V. " 11:1.1a.m.
11:07 p. m. vta L t. " ' 2:20 p.m.
11:02 p. m. via L. V. " " 2-20p.m.
!:OT p. m. via L. A 8. " " 6:41 u. m.
4:17 p. in. via 1 t 8. ' " 8:20 p.m.
4:44 p. rq. via L. V. " ' 8:20 p. m.
7 38 p. m. via I.. V. 10:30 p. m.
Returning, loave depot at Perks and Amerl.
can fet., Plilla., at 7 roll, 8:J0 and 11:43 a.m.) 2:10,
Er4S anil 6:15 p. m.
Fare from Lehighton to Phlla., f2.w.
Junes. 18IS ELLls uLAKK. Agent.
riENTItAL R. R. OF N. J.
W LBIIiail SUSQUEHANNA DIVISION.
All Ilall Route to Long Drnncli.
l'ASSKNOEIt STATION IN NHW YOHK FOOT
Of LIRKTtTY ST., N. R.
Time Table of May 1, 1875.
Tnlna leave Lehlithton as follcua:
For New York, Eniton, c- a, 7.47, 11.07 a, m.,
2.20, .47 p. m.
For l'hlfudelphla, 7.47, 11.07 a. ni, 2.20,4.47,
7.17 p. m.
ForMauch Cbnnk at 10.20 a. xa., 1.14, 5.3S, and,
9 43 p.m.
FOrW'llkai'Darre and Scranton at 10.20 a. m,, 1,14
p. m,
Jitturnitw Leave New Yt.rk, from atallon On
tral Railroad of New .Terwy, loot of Liberty
atrret, North Utter, atSJO, 0.15 a. m., 12.45,
5 30 p. m.
Leave Pblladlpbta, from Depot North Penn'a
II It., at 7.0", 0.45 a, m., 2.10, p. m.
Leare IJ.slon at tf.l'l, 11.43 a. ni., IM and
8.10 p m.
Leave Maucb Chunk all. 40,11.011 a.m., 2.20 and
4.40, 7.10 p. in.
Fo: furth.r particulars, aee Time Tables at tbe
Station...
t'ASSK.NOERS FOR L0NQ BRANCH CHANGE
CARS AT KLIZAUKTII.
II. I'. UALUW1N, Cm. litungir Agtnl.
July 4, 1874,
pKNN8YL,VANlA I1AIL.HO AU,
PHILADELPHIA k ERIE RR. DIVISION.
Summer Time Table.
On and nite. hUNDAY, MAY 23rd, 187, the
Tr.lua on the Pimuelphla & Krlc llallioad ill
viklou v, ill l un an follows t
WEbTWARD.
FAST LINE leaves Nw Y'oric
l'lul iildimia
liultlinoiu
IlarrlsburR
arr. at WilUnmaport
Locx Haven
Rel.efuutu
ERIE MAIL leates Kin ork
l'hiladelptaa
0. 2 am.
12.55 p.m.
1. aj p.m.
fi.iK) p.nt.
8.98 u.m.
10.20 p.m
11.5.1p.m.
8.25 p.m.
ll.5tD.Ul.
11.53 p.m.
4,25 a m,
b 35 a.m.
0. 45 a.m.
11.05 a.m.
7. tC p.m.
7.49 a.m.
7.35 a.m.
10.55 u ni.
1.55 p.m.
3.15 p.n.
4 3i. p m.
8. UO a.m.
8.30 a.m
1. tt p.m
11.10 p. III.
7.3H p.m.
m liauimore
Harri'btirr
Wlllninieport
Lock Uateu
Ken ova
air at L.nn
171 AG AHA EX. leave rtlloilelplna
lia'tlrooie
itutruburc
ur, at Villinisport
Loci II yea
llenoTft
ELMIRA UAIIilcaTta l'iiiU3lptiia
liBltlmom
llarriaUurf;
arr. at Williuimtimrt
Lock 11 uvea
EAST . V All D.
rillLAD'A EX.lotiTCi Lock Huron
Wllllatii'iiort
6 41n.m.
7.55 a.m.
arr. ai jiom-Diirn;
Unttnmiro
I'll ltadei Uia
New Yorlc
DAY FXPllESB leaves ttenou
tt.45 n.ni.
0.15 p m
3.35 p ru.
b.43 p,m.
SLiup.m
Lock ituven JO 25 a in.
illiainKport l10.60 a.m.
arr. at llaixifburg 3.0 p.m.
20 p.m.
0.15 p.m,
3 ..5 p.m.
l'.20a.m.
8.25 p m.
0.45 p m.
10.50 p.m.
2 25 a ni,
7.35 n m.
6.45 a,m.
ld.lii n.ni.
12.35 n.m.
8.55 n.m.
7.35 a m.
7.35 u.m.
New Y.rt
Baltimotti
EB1& MAIL leaves Erie
lienors
Ixxck Haven
Wjlliamepott
arr. at IlinrUburc
Ba'ttmoro
1'ii.lndeiphla
New York
FAST LINE leaves William sport
arr. at Harrlatmr;
llaliucoro
rnltadelphla
New Yor ,
10.25 H.m.
Erie Mall UVar. Nlairara Esorefls West. Kl.
in lx a Mull Wst and Day Exiren East make
close connecllno nt Northumberland with lM &
11. UH. trHins for Wllkt'FliHriB and bcranlon.
Erie Mall West. Niacara Expre s West and
Elm Ira Vail Wpst make oose connection at
Wtlllamaport with V. C. 11. W. trains north. fe
Erie Mall Fast and We-t, Niagara Jxprr?s
Wet, Fast Line Wetnnd Day Express mai-e
close connection at lock Haven witl. U. E. V.
IUL trains.
Erie Ma 1 East and West conceit at Erie with
train nn L. 8. & M. H. Kit., at Corry with O. C.
A A. V. rill., at Emporium witb 11. N, Y, A 1'.
lilt,, end at Driftwood with A. V. Hit.
I'ailorCarn wl.l run between Philadelphia and
Wllllamcpoit on Niagara Express West. Fast
Line Went, rniladeli'tita Express East end Day
Expresa East, sleeping Cars nn all mailt trains.
WM. A. BALDWIN. Gen'l upr
Plotfs5 Star Organs.
Every Instrument fully nsrrantod. Factory
andrmce. Wasbuigton, N J, Correspondence
solicited.
jQAVID EBUERT'S
Livery 6s Sale Stables,
DANIC STIllf ET.L,KlliailTO., Pa
FAST TROTTING HOUSES,
ELEGANT CARRIAGES,
And positively LOWER PRICES than any
otber Livery In the Cojnty.
Large and hsndsome Carrlafrea for Fnnersl
Surpoeea and Weodlnaa, DAVID EDDKRT.
rov. 22. 1873.
QtVE A10EY
O By purchasing your
Groceries! Provisions
Also a Choice Variety of
AT THE MEW PTORB OK
E. H. RHODES,
Opposite tbe "Carbon Anvocate" Office. 11AMK.
WAY, LEUlOIlrON, Pa.
A FULL LINE OP CHOICE, FRESH
Teas, Coffocs,
Sucav8, Molasses,
bpicos, Driod Fruits,
No. 1. Mackerel,
'Korosono Oil,
Tobaccos, &c, feo.,
All of wbich are war: anted of flrit-claaa quality
audaiMC'IlUAfUJltOiHlir
The lllchest Market I'nce allowed fornOT.
TEH, tUild and COUNTRY PRODUCE ISO.
era.lr In Excbsnne lor Oood.
A trial la rospswtf all solicited.
April j1 It. u. BUODEa.
BUY IT I TRY IT I-THE INDIA RUB
11KH PLASTERS for a Weak Hack, DU RL
INtlbaaUiem. May 0
Plotts' Star Organs
Are as perfect parlor organs as are manufactn.
red. Correspondence solicited with ora-anlsts-n.nslclnns
and the trade. Address, EDWARD
PLOTTS, WnsSlngton. N. J.
LOOK BEAUTIFUL-LOOK ROSY l-A trot
tlo of DURLIKO'S ROSE GLYCERINE for
RouirhnesHOf tho SKIN, CHAPPED HANDS,
&o only 25 cent a bottle. May 0,
BEATTY.
Flanol
COMniNES EVERY IMPROVEMENT
KNOWN, rirsrn.l stninn for clrcnlar. Ad
dress D. F. HKATTY, Washington. N. J.
Plotts' Star Organs
Combtnobeantiy.dnrnbility and worth. Send
for Illustrated eaialogue before baling. Ad
drrts the mannfactnrer. EDWARD PLOTTS,
Washington, N. J.
-yItY. Oil WnYwlll yon .nffor with that
fOUOII or COLD! when you maybe lro.
mefll .tly m'elved hy using DURLINOr1 COM.
POUND SYRUP ot TAR WILD CHERRY
and UORKUOUND. Mar 0
MIIIE PEOPLE OF LEHIGHTON and vlcra
-1- Itv all nnlte In testifying that at A. J.
DURLINQ'S Drug and Family Medicine store.
Purr, Kithxn and Unadultiuated MKDirrNEa
can always bo toan.l. Mayo.
BEATTY.
Planol
AOENTS WANTKDI (Main or Fema'o.) to
tae orders. DANIEL F. UKATTY, Wash
ington, N. J.
Plotts' Star Organs
Agents snpp'ledat fijznres tnnt dely compe
tition for tltn same rtnss or lnxtinment. Try
one. Address, EDWAIID PLOTTb, Wasting,
ton. N. J.
BEATTY
PIANO!
NO OTHER PIANO-FOKTE has atUlredthO
same poontArlty. Send stamp for circular.
D. F. BEATTY, Washington, New Jcisey.
Plotts' Star Organs
Anv person, male or female, who has n It tlo
lelxnre time can procure a first-class instrument
at a frreatly rodnced once. Ben a stamp lor
particulars. Address, EDWAUD rLOTTS,
wanhincton, N. J.
s
AMDEL, GRAVER,
Opnoslte the PablloSquare, SOU ru STREET
LEU1UUTON, Pa.,
Manofocturer .1
Tin & Sheet Iron Ware
And Dealer in all kinds ot
tr l'.OOFINO, BPOUTING and JOBBING
prouiptlv attended to at reasonable charce.
NOV.3J. BAMUEL OUAVER.
W. EACHES,
Contractor 6c Builder,
LEIIIOIITON, PENN'A.
llniiN and Specifications
FOR ALL KINDS OF BUILDINOS MADE
AT THE SHORTEST NOTICE.
NO C1TARGES
Made tor PLANS and SPECIFICATIONS
wnen the contract 1. awarded to the under
signed. June 14. IS73.yl.
A, W. KACIIE3.
L.
F. HLEPl'IXGER
Would reapectfnlly
an.. onnoe to hisc
irienas and tbe putiT
110 In ffeneral. IhMt T
he has opened a flrsi-cUss
Livery & Sale Stable,
and that he can fntnlsh Horses. Iluggles and
Carnages ot the rest neserlntion. for uleasure.
business or FUNERAL PURPOSKS, at very
REASON A ULE OHAKQES and short Souce?
ALL KINDS OF HAULING
Promptly attended to at moderate rates.
L. F, KLEPPINGER,
Corner of Bank end Iron street.,
Jsn.- Ltalghton, Pa.
T
ntODORE EEMEKGli,
HOUSUl IOLD ANDKJTCUEN "
FURNITURE,
Next to Bemla- A Uofford'. Carriage
Juanntactory,
Bank Street, Lehighton, Pa.
EHeajant Parlar Suits,
Handsome lledroom Seta,
Selling vory Cheap for Cash.
Examine bef ot e purchasing elsewhere.
InYhe111 tzprTitnae 01 twenty year.
UNDERTAKING
Bn.lnraa. I am preoared to furnlah all kind, ot
C0FH.3 and OAMKH.'1'B on snort DoUoe, and
attend to a. I Dna.ne.ss In this line in inch a man
ner a. will givn entire satisfaction, on very
reasonable terms. Pstronige eoliolted.
March g.-yl. THEO. KEMEUEIl
JpALL AND WINTEU STOCK OF
Millinery Goods & Notions !
rims. e. fatii,
Two Door below the M. E. Church, I.ehic bton.
dcalies to call the attenUou of Lwliea to the
faciUiat she I. now OPENINO avery large
stock ot FALL and WINTER STY LEU of
MILLINERY GOODS
Comprising
HATS. BONNET
TMMMINnnind HnTtnTtn.
Together wah a Urge s-ionnjcot of ZKl'UKR
l'J'.IIFltA1ED MOTTIIES, FRAUINU
UI'ltAWH, KWllOlIlLS, HAIIt uuuua, AO.
I Pres as Low as el.errUere, and work and
goixla warramat. Ad Inspection laT.ited,
ttoptllia HlUt. a irxvu,
CARL SC1IURZ ON INFLATION.
Tlie following are portions ot Mr.
Schurs's speech, delivered at tTincln
nattl on Monday evening, Sept. SGth,
which relates nioro particularly to the
question of Inflation and resumption.
After quoting tho financial plank In
the Ohio platform, Mr. Schurz said :
You, my Democratic friends, profess
to contend for frugal, economical, hon
est, puro government, So do I. Is
there a single candid man among you
who sincerely believes that frugality,
economy, honesty and purity of govern
ment can bo promoted by an expansion
of our Irredeemable currency, oris even
In any way compatible with It ? Let
us look at a plain, practical stde of the
question. It has frequently been ask
ed, How are you going to get your ad
ditional greenbacks afloat? The query
seems to have caused some erabariass
merit, and the answer usually has been,
" Ob, we shall get It out somehow."
But there Is no need of Indefinlteness.
Tha matter Is capable of precise state
ment. Obviously there are two ways to
set additional currency afloat. One Is
buying up United Mates gold-bearing
bonds In the market, or by buying gold
to pay off the bonds as they fall due.
But It Is certain that this method will
answer only In a very limited measure,
for this simple reason : as you put out
new greenbacks, with the prospect of a
largo emission, the greenbacks will
rapidly depret'late as to gold, and as
the bonds are payable, principal and
Interest, In gold, they will maintain
their gold value, and their price In
pnper maney will thereby become fo
liluli that tho method of putting out
greenbacks by purchasing bonds will
soon become very unpopular, and be
dropped. Or if you mean to repudiate
tho bonds, of which, as I underhand,
there is at present no declared purpose,
then, of course, you will simply repu
diate them, and not buy them up at
all. But I here I another way to put
afloat new issues of greenbacks. It Is
by carrying the' expenses of the Gov
eminent beyond Its resources, and
that, I have no doubt, will be resorted
to as the favorite method,- Do you
know what that means? Imaglno a
Congress making appropriations of
money for the avowed purpose of get
ting out, putting atlnat, spending as
much money at possible, and adapting
(yftematicexlravag't'iicein expenditures
as a necessary measure of financial
policy tn the end of Making anil keep
ing tfcevolunio of currency equal to tho
wants of trade. What a day of Jubilee
thero will be among the thieves and
rascals who think they can gain not
only wealth hut retipecUbility by steal
ing as much as possible of the public
money I Let t be known that ditches
must be dug, Hint embankments must
be thrown up, and that railroads and
stcaaboat lines must be subsidized for
the very purpose of spending money
that "the volume of the currency bo
made and kept equal to the wants of
trade," what a harvest of jobs, what a
crop of rings this blessed country will
bear ; what a gloilous time for enter
prising conti actors ; what a seducive
season for Congressmen to help a
triend for a little share in tho profits ;
what a carnival of fraud ; what a fly
ing about of straying millions, for,
mind you, money will be no object ;
on the contrary, it nitiBt be spent, and
the more spent the better, for the greeu-1
backs must be got out, in obedience to
the mandate, "to make and kepthe
volume of the currency eijual to the
wants ot trade." No I fellow citizens,
this Is no Jest. This Is no exaggeration.
You adopt a Gnancial policy, making
it tho duty of the National Government
to put out new Issues ot currency; In
any way that will serve the object
quickest, and unlimited extravagences
will bo tho necessary, tho Inevitable
consequence. There never was a State
ever so well administered, there never
was a people, ever so frugal, there nev
er was a Government ever so careful
which did not, by the emission of largo
quantities ot Irredeemable paper money,
run Into tho vertex of profligacy and
corruption. It has never been, it never
will be otherwise. It Is the very na
ture of things.. When you iuo.nufu.c
ture this 60-called money by merely
printing a tew words on a slip ot paper,
it apparently costs nothing. You are
deluding yourselves with the Idea that
you are creating weaiin, wunoui stop
ping to think of the ultimate day of
reckoning which demands tho eettlo
ment of accounts. When you spend
such money for the very purpose ot
cettinc it out, the wildest extravagances
of a government always Is tbe very
not ucd ot peculation anu corruption.
The ring will thrive, and tbe honest
man will pay the cost ; not only the
government officers does It corrupt, still
more gr-viously will It demoralize the
people, when, by the fluctuation of so
momentary a system, the possessions of
everybody will become uncertain trona
day to day. Every man of busiuess
will, by tho very force of circumstances,
be made a eaiubler. What Is worth
something to day may be woith noth
ing to-ttiorrow, is likely to De tun loot
ball of chance ; and when everybody
to save himself, sus himself forced to
over-reach everybody else, the princi
ples ot honesty are easily torgotten.
The stlne of necessity stimulates un
scrupulous greed, and the general ex
ample silences the voice ot conscience.
Honest labor appears as fruitless drudg
ery, and to live on one's wits becomes
the order ot tbe day. Tbe history ot
nations is full ot pertinent warnings.
American society can escape such a
fate just a llltle as any other, If we
uun. bins vuuukiY mill i.inii ni.i.t ut
money which In Its very nature carries
i iiu poison oi iiiiso pretence ami seuui;
Hon.
HOW WJLL 1NCREABD OF CtJItnENOY
OPERATE ?
I will not nrcuo here the constitution
nl point, whether Congress bus the pow
er to Increase the volumo of greenbacks
beyond $400,000,000, and whether the
Supreme Court, ns I expect it would,
might declarn such an act void and of
no torce. suppose It can be dono with
out any legal Impediment; how will it
operate 7 Here Is n capitalist, a mer
chant of extensive means, or a wealthy
speculator ; In tho morning ho has tak
en hp his paper and reads thatCongress
has passed an act to issue another hun
dred or two hundred millions, with a
prospect of more. Ho knows as n mat
ter of course, that thereupon the pre
mium on gold wlll rise, the purchasing
of a greenback dollar will decrease.
The next piece ot uews he gels in or
from Wall street Is, gold is going up
and likely to rise steadily. What dues
he do? lie begins at onco to trim hW
sail to the wind, ho seeks n way to tako
advantage of fluctutattons going on or
still In progress. Or, being a man of
means, commanding hundreds of thou
sands, he easily finds that way. It he
is a cautious man he has, ot course,
lent out some money or given credit
only on short time, and he at onco calls
In mono dui him with rigorous severi
ty to sitvo himself from thu effects ot de
preciation. Finally, the Inevitable crash ap
proaches. The prudent, ricli man has
anticipated Its coming and taken pre
cautions. He can do so, for he has
knowledge and means, but tilts poor
man is a victim to his necessities. To
take precautions is not possible for him.
He Is swept along by thu tide. A feel
ing ot disgust creeps ovpr the business
community. One day our worthy la
borer goes to his placo of work as usual.
" 1 am sorry," says his employer, wl.o
sniffs the breeze; "theroU an over
stocked market and a downward ten
dency, and I am obliged to take In
sail. I have hut little work for you nt
low Ggures, or no work nt all at last."
Ihe shipwreck Is complete. Tho rich
man Is In the life boat, and the poor
man In. the breakers with uothlni: to
float him.
We are told that an expansion of
currency and Its consequent deprecia
tion will benefit tho poor, inasmuch as
It will benefit the debtor ns ngalnst the
creditor by enabling the former to pay
off his debts in less value than that In
which they wero contracted. The.
morality of that argument I will not
discuss. I prefer to leave it to the con
science of the people. But let us look
at the pretended facts upon which It Is
based. Is It true that the poor men
are tho debtors of the country ? To
contract debt requires credit, and cred
it is based upon the means with which
to pay. Men of very small means are
seldom In debt, because they have no
opportunity for being so. If we had
statistics of tbe private indebtedness In
the United States before us they would
unquestionably show that more than 73
per ctrnt. of It Is owing by men of com.
paratively largo means niul thai tna la
borers for wanes are the least Indebted
clas of society, even In proportion to
their earnings and savings, and next
to them the fanners and tlie smalt busi
ness men. But laboring penplu are, to
n very heavy amount, credltois ot tho
country. I venture to say that there
Is neither a manufacturer, nor n mer
chant, nor a professional man of means
In this assembly who Is not a debtor,
and among ills creditors are, In ninety
nine cases out of a hundred, his work
men or his servants, to whom ho owes
wages for part of a week or a month.
It has been calculated by good author
ity that tho wages thus constantly ow
ing, for au average of a half month's
service or work, amount, In the whole
eountry, to (180,000,000. And who
Is It that owns tho deposits in tho sav
ings banks, amounting to about $700,
000,000? Not the rich, but the labor
ing people and. persons of small means,
who put their surplus earnings thero
for safe keeping.
It Is estimated that the same class
has In National and private banks and
In trust compauies another (200,000,
000, and that nearly $1150,000,000 u
owing them In other kinds of debts.
There Is, then, the sum of about $1,200,.
000,000 owing to the laboring people
and men ot small means, constituting
tbelr savings to that amount. That
class are creditors, and you pretend
that for their benefit you will expend
the . currency. Gold being at 15 per
cent, premium, thosn savings havo a
value ot l,OeO,00(J,000 In gold. Ex
pand the cerreucy until gold Is 30 per
cent, premium, and you have robbed
those people of $180,000,000. Expand
it until the gold premium is 50 per
cent., and you have stripped them ot
$400,000,000 of hard-earned money.
When the legal-thenders were first is
sued our peoplo had to gain their first
experience with an irredeemable Gov
eminent currency since the Revolution
ary war. The greenback appeared not
as a trick of scheming llnanclers.but as
a creature of public necessity, Tho
people had full confidence m the Integ
rlty and good faith of the Government
as to the fulfillment ot it promises.
When the tiveuti of tlio war went dis
astrously against us, doubts arose as to
the ability of the Government to redeem
Its pledges, but not as to thu honesty
otlts Intentions,
IIOW TO IlESTOltE COKTIDKNCR.
What do wo need, then? Confi
deocu i confidence which AlU induce
timid capital tn venture into enterprise1.
And what Is the first requirement to
restoro confidence 7 It is stablllty,abnve
all things Stability of current values
which renders posslblo business calcu
lations of reasonable certainty. When
the capitalist Is assured that the dollar
of to-morrow will have the same value
as the dollar of to-day, and this stabil
ity of value finds full security In a
rational and momentary system, then,
and no sooner, will he liberally trust
his money In those who want actively'
to employ it and promlso a fair return.
Let us understand the teachings ot
our own history. There ire, many
among us who remember tho great' cri
ses In 1837 and' 18.T7 In the United
States. In both cases the country was
flooded with lll-secuerd, unsafe) bank,
currency, and feverish speculation pre
vailed. Then a crash came ; specu
latlon collapsed ; tho bubble of fldlW
llous values burst ; the rotton banks
broke and their currency was swept
away ; business was parallzed ; people
wt.ro In distresses thoy are now. What
remedy was applied ? Tho natural, the
only efficient remedy ; and it applied
It.-elf. No fresh infusion of more un
safe money, No. Just the reverse..
When thu self-acting contraction of the
currency and credit had done 'its'
work, business enterprise began onco
more fo feel firm ground under Its feet,
Business men had less of that which
called Itself money, but they wero sure
that every dollar they did have not only
called Itself a dollar, but was n dollar,
and would remain a dollar. Examine
the crisis which' broke out two years
ago, in September, 1873. That crash
did not contract our currency. On the
contrary, what there wasieinalned.ahd
shortly after the volume of greenbacks
was increased $30,000,000 by succes
sive Nsuu from tho so-called reserve,
.Uiiney did not disappear as It did in
18U7 and 1857. There was more of it
than before, and yet the general stag
nation and suffering continue, and the
future appears to us daik and gloomy
without nny sign of Improvement. Yes,
we have more money than before ; but
who ot you cm tell me what that
money will be worth twenty days after
the opening ot the next session of Con
gress? Who of you can tell me what
wild antics that money may play with
the fortunes of all of us, it thosa wlio
clamor Inflation now shall obtain con
trol of the National Government a year
hence? My fellow-cltlzens, nil sano
men ngreo that pt the great problem
which oppresses up there is but oikv.uI:
tlmate solution It is the return to a
specie basis.
RESUMPTION TnE ONLY RATIONAL HQ
MEDY. Whatever other schemes may be, .tie,?
vised, tbey do not even pretend to have
a premanent final statement ot tlii
question In view. The resumption ot
specie payments is tho only rations!
one, for no other system will removo
current values from the reach of' the
arbitrary power of the Government;
No other can give to current values
that stability without which no sat
business calculation can be made. Vuj
other can restore that confidence which
Is the pre-requtsite of n new period 6t
prosperity. But the resumption of
specie payments is also the only pos
slblo solution. It must at list come.
Even the inflationists, while wildly
seeking to throw difficulties it its way,
still admit that finally It must come. It
is Inevitable as fate. Is It not tho pari
ot prudent men, then, to move resolu
tely and with uutlagglng firmness' la
the direction of an end ho desirable and
nlso so Inevitable V I shall certainly not
attempt to deceive you by denying that,
when a country is once crushed with, an
lrredeetunblo paper money, the resump
tion ut specie jmyuicino is uue nil F&sy
nrocess. Like the cuttlnc out of a can
cer, It Is an unpleasant and dlffecult
operation ; but, it health Is to be re
stored, the cancer must be cut, out, It
Is one or tliose evils wiucu cannot be
cured without pain, and cannot be pre-
mltte.l to linger wunoui pern. Delay
will only prolong tho suffering and In-
creaxit the dancer. An attempt Is made
to deceive with a wcll-sonndlng watch
word. They call gold the bondholders'
money, and our irredeemable paper
money the people's money. Can that
bo the people's money whose Yahoo In
the people's hands is apt to vanish into
nothing, and Is sure to vanish Into
nothing It much more ot it is Issued?
I, too, am In favor of a people's money,
but it is ot another kind. No, It Is
not right that tho peoplo should, havo
a inouey of less value titan, the
bondholder. It should be equaMz.ed ;
but you cannot tako lrom the bond
holder his gold unless you repudiate our
national obligations, which, as lioriest
and patrotlc Americans, who Jiare tho
honor oi me country neart, you will
not do. Neither can you brlfig tbe
bondholders' gold down to the level ot
your paper money as long as that pa
per 1110119 remains what It ow Is, or
is m.ido even worse. But what you
can do is to lift your paper money up.
to the level of the bondholders' gold,
so that ycu can get gold In exchange.
for it. That can only be aune by a re
turn to specie payments ; then It will
Indeed be the people's money, and tho
bondkoldera will have uo better. It
will be true people's money, for then
your dolUr will leinalu. a real dol
lar ; no longer a lying pLece of paper
whosu value depends upon the tricks of
demagogues, ajid about which you have
to imiuire etery morning what it ia
worth.
People who never lake tlu will foi
the deed lawyer..