Mr. HULBURD. The article is as follows: “ Mr. HULnunp on Fisnxcs. Wc take all roman able precautions against astonishment and yet Mr. HULnuRns speechon the finances has amazedus not that such aseech should be made the re are several members from whom we could haveheard of such a speechwithout surprise. but not from CALVIN T, lIvLaenn. whomwehave alwaystied to as achnm pion of lionesly and solvency in finance. Just consider this passage." The passage in my speech to which he refers is the following: “ himAtuothboerize him to give public notice and require in readiness.according to notice. to issue bonds running a fixed term of years in exclmn e for theseunfunded obligations. spocifyin the kin. the amount. the priority, and the time of If presentation. it is found Government bonds can be advantage ously placed in larger amounts than the interest bearing liabilities, then and not until then. let the nboyn interest beuring legal tenders be taken in hand the Secretary. due public notice being given of the inlention. such a course would enable every busnicss man to kDOVwhat Government contemplated and to arrange his business and engagements accordingly." “He then goes on to say: Does Mr. lIcLannp take the SecyTargeinaesury for a.born idiot? If not. how can be imthat that officerwill begin by contracting the currency. thus creating a.stringency in the money market and so rendering it impossible to place new bonds. Just when he “attempting to convert nearly one billion of short time. interest bearing obligations inignt as loanbgovbeo“n)d Ws?hyIfnont otp.rwophonsteenn he mean by that the Secretary shall not have power to take all the long bonds himself at 10%. abovetheir market value? “"Hr ar him again: Ho objectedthat the bill continued in peacethe vast war powersof the Secretary over the currency and the business of the country. He thought the Secretary should giyepublic notice of the kind and ninppnt and the priority of presentation of the lia bilities to be retired. Thnt is to say; the Secretary should always reidneemmartkheet.dearest instead of the cheapest securities and should so not us to run up the price of auv description of thenational debt that hewishes to rot comand cancel. We defy anyman who knows even the A B Cs of financeto say that this would not biyvtinhge precise and necessary effect of the Secretarys such public notice as is here demanded. If Mr. McCuUoch were to mon ow to give notice that he would proceednext month to purchase and eancel theinterest bearing Treasury notes or the certificates. of indebtedness or anyone description of the public. debt. that description would inevitably be rendered dearer and moredillienlt to purchase by that notice. To udopt Mr. lIULBUuDs suggestion on this point 1. O would thus cost the countrymany millions of d lurs. An"d for what? As to the Secretarys vast wnr powers they will ceasewhen our debt is funded and specie payments resumed. We had counted confidently on Mr. HUL iilmns aid in effecting that most righteous consummation. That we are to encounterinstead his opposition is a painful surprise that we receive more in sorrow than in anger., " Now, Mr. Speaker, I rather like Mr. Greeleys verdancy, as well as his vigor of attack. I do not think it is particularly unpleasant. I admire him as the champion of American interests. But when he says, as he did in the issue of his paperon yesterday, that this House are now takin steps to resume specie payments forthwith, an that we iniwht have done so last Julyqvith safety if we had only been willing to do so, I think he goes a little too fast. If he wishes to jump on a horse before it is saddled and bridled, or even before it has had any training, and ride at once to specie payments, I can only say that it will not be the 1st ride he has taken when he came to grief, with those who followed him. I recollect one celebrated ride taken by a person on the other side of the Atlantic, and which has been celebrated by Cowperin immortal verse. We all recollect the cry of “ On to Richmond;” we all know how disastrous that was, and the effects of it have hardly yet died away. Are we now to hear another cry of “ On to specie payments, ” irrespective of the results that may follow that course? Sir, the hum of your millions of s indies in NewEngland will cease, and my rieiids from Pennsylvania may not merely bank up their furnace fires, but they maygiut them out. if we go on in the rapid way urge by Mr. Greeley. The commercial interests of the city of NewYork are threatened with destruction, and all our interests are staggering under the present condition of things, and yet this editor charges men with being idiots because they are not willing to ride as recklessl toward specie payment as he wishes. I recollect being in NewYork, in a crowd that stood around the Tribune office, at the time the editor was elected to Congress. When the crowd got around that famous corner on N“assau street, some one asked Mr. Greeley, How about the election?” He made this significant remark: “I believe it is all right in reference to me.” Instead of saying how the city had gene, or how the State had gone, it was more important in his estimation to say that it was all right in reference to him and so I suppose in reference to the resumption of specie payments, it will be all right in reference to im. There is such a thing as a man going too fast. Mr. Greeley once took a ride on the pacific coast, and was then pretty much in a hurry, as he seems to be now. I do not see my friendfrom Ohio [Mr. ASHLEY] here now, the one with the huge mass of capillary adornment on his head, covering a large brain and a stout heart. I would ask him about that ride, if he washere, as he has been over the same ground. I do not know that the Speaker of this House can write poetry;I have never been told that he is addicted to writing poetry. But he has been over the same ground where Mr. Greeley took that wonderful ride and I think when he hears the piece read, which I ask the Clerk to read, descriptive of that ride, he will at least feel some poetical sensations. Iask that the piece which I sendto the Clerks desk be read asa pleasant illustration of the effect of too fast riding; not out of any malice toward Mr. Greeley, for I entertain no such feeling toward him.