Charles Sumner: his complete works, volume 17 (of 20)Sumner, Charles
History
Charles Sumner: his complete works, volume 17 (of 20)
Sumner, Charles
Slavery -- United States; Speeches, addresses, etc., American
In making this statement, I offer my contribution to the settlement
of a great question. If I am wrong, what I have said will soon be
forgotten. Meanwhile I ask for it your candid attention, adding one
further remark, with which I shall close. I never have doubted, I
cannot doubt, the ease with which the transition to specie payments
may be accomplished, especially as compared with the ominous fears
which this simple proposition seems to excite in certain quarters. We
are gravely warned against it as a period of crisis. I do not believe
there will be anything to which this term can be reasonably applied.
Like every measure of essential justice, it will at once harmonize with
the life of the community, and people will be astonished at the long
postponement of an act so truly beneficent in all its influences, so
important to the national character, and so congenial with the business
interests of the country.
The bill was ordered to be printed, and referred to the
Committee on Finance.
* * * * *
January 25th, a bill from the Committee on Finance, “to
provide a national currency of coin notes and to equalize the
distribution of circulating notes,” being under consideration,
Mr. Sumner moved an amendment embracing the provisions of his
bill, with the exception of the first, second, and seventh
sections, as a substitute,--in support of which he the next day
spoke as follows:--
MR. PRESIDENT,--Some things seem to be admitted in this debate
as starting-points,--at least if I may judge from the remarks of
the Senator from Ohio [Mr. SHERMAN]. One of these is the unequal
distribution of the bank-note currency, and another is that to take
from the Northern and Eastern banks circulation already awarded to them
would disturb trade. I venture to add, that the remedy would be worse
than the disease.
Public-domain text, read in full here on John Shaqi.
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