Cables, Submarine -- History; Field, Cyrus W. (Cyrus West), 1819-1892; Inventors -- United States -- Biography
"J. J. Astor, Rev. Dr. Adams, Ethan Allen, W. H. Aspinwall, W. A.
Booth, James M. Brown, August Belmont, S. D. Babcock, S. B.
Chittenden, E. C. Cowdin, George S. Cole, John J. Cisco, W. B.
Duncan, W. M. Evarts, Cyrus W. Field, Wilson G. Hunt, B. W. Jaynes,
J. T. Johnston, A. A. Low, W. J. Lane, C. Lanier, C. P. Leverich,
W. H. Macy, C. H. Marshall, R. B. Minturn, Royal Phelps, Howard
Potter, M. O. Roberts, A. T. Stewart, J. H. Schultz, Isaac Sherman,
Jonathan Sturges, Moses Taylor, J. A. Agnew, J. D. Vermilye, G. C.
Ward, etc."
Mr. Field, with many influential members of this committee, proceeded to
Washington with the petition, and had an interview with the President,
who promised to give the subject his mature consideration. It is thought
that the arguments adduced by the committee on this occasion had great
weight with the President, and, combined with other influences, finally
determined him to veto the bill, which he did shortly afterwards in a
message in which he committed himself strongly against any further
inflation of the currency. Had this bill passed into a law it would have
been the first step towards national repudiation, for the wedge once
inserted, it is impossible to predict how far it would eventually have
been driven, and what effect even a moderate addition to the
inconvertible currency would have had, not only on commerce, but on the
moral conscience of the nation. A return of government bonds held in
foreign countries would have been the inevitable result, and all values
would have been unsettled. Reasoning and thoughtful men foresaw the
crisis that was impending, and the country owes a debt of gratitude to
the Chamber of Commerce for its prompt action, and to President Grant
for listening attentively to the arguments of the committee for saving
the country from threatened disaster.
On May 6th, Mr. and Mrs. Field were members of a large party which left
New York for California, and on the 12th, at Omaha, Canon Kingsley and
Miss Kingsley joined them. The journey was a pleasant one, but
uneventful. Friday, May 22d, he writes:
"After breakfast I sent a telegraphic message to Dean Stanley,
informing him that Canon Kingsley was well and would preach for us
in the Yosemite Valley on Sunday."
In his sermon on the afternoon of Whit Sunday, Dean Stanley alluded to
this message.
Early in June he sailed for England, and of his journey to Iceland,
undertaken during this summer, Mr. Murat Halstead writes:
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account