548 THE IMPENDING REVOLUTION. 



The second point involved in this resolution, is that 

 the government of the United States shall pay all of its 

 public debts in this manufactured money, manufactured to 

 order at the treasury factory. Notwithstanding the solemn 

 and acknowledged pledge of the government to pay the 

 principal and the interest of its public debt in coin, this 

 resolution declares, that in this legal tender paper the 

 public debt shall be payable. 



The third point I wish to call attention to 



Mr. Ewing Will my colleague allow me to interrupt 

 him for a moment? 



Mr. Garfield Certainly. 



Mr. Bwing You certainly misunderstand the resolu- 

 tion. It declares that all public debts of the United States 

 shall be paid in the money of the contract, and not in any 

 coin or money the government may choose to pay them in. 



Mr. Garfield Any money the government may issue 

 is by this resolution declared to be lawful money, and, 

 therefore, is to be made the money of the contract by the 

 legislation proposed to-day. 



Mr. Kwing That is a mere quibble, based on a total 

 misconstruction of the resolution. 



.MR. Garfield Answer in your own time. 



Now the third point in this resolution is. that there 

 shall be no refunding of the $780,000,000 to fall due this 

 year and next, but all that shall be paid. How? Out of 

 the resources of the nation? Yes; but the money to be 

 manufactured at the treasury is to be called part of these 

 resources. Print it to death that is the way to dispose 

 of the public debt, says this resolution. 



I have only to say that these three make the triple- 

 headed monster of centralization, inflation and repudiation 

 combined. This monster is to be let loose on the country 



