Mr. BUNDY. We do, but we want it in a way that will not destroy the great industrial interests of the country. I undertake to say that if this matter is left to natural causes specie payments will resume themselves without any spasmodic action on the part of the Secretary or of Congress. How can we resume specie payment now? What is specie payment? What is specie? It is nothing more or less than the representative of the values of the products of the country. It has no intrinsic worth; it is the medium of exchange. Exchange of what? Exchange of that which is substantial, and which is of in trinsic worth. And how can we resume specie payment without those products? Just wait; “make haste slowly” in this matter, and the productive industries of the country will become such as will create a basis upon which your specie can rest, and when specie payment is resumed, as the consequence of natural causes, it will be worth something. If you attempt it before, as I have said, the action will be spas modic and worthless, and not only worthless, but destructive to every material interest of this country. Who wants specie payment, and for what? Why, upon the theory F.mentioned, that because of the fact that gold is above the face of our paper currency, the denomination of the currency, and therefore the prices of the living of those men who have salaries are enhanced, and the prices of the living of nonproducers are enhanced. That is one view of it. I know that it is right for persons who have salaries even to live as cheaply as they possi bly can; but I take it that they have no right to demand cheap living at our hands, even if their theory is true at all, at the expense of the whole productive interests of the country. Who else wants resumption of specie payment? Why, sir, the holders of the bonds of the country, and their name is legion, whether foreign or domestic. Those men who have bought our bonds when gold was 280 would regard it as a God send today if by the action of the Secretary, of the Treasury and of this Congress, the 33 cents of their gold should become a dollar in their hands. Why, sir, Aladdin's lamp would be utterly worthless in comparison with it. They are interested in this matter. Where are the bondholders thus interested? There are across the waters a part of the bondholders, and I am very glad of it, very glad of it in one view. It would be a rand financial triumph of the SecyTreasury, aided by the Congress of the U.S., if by possibility the 50 cents in gold which, in the day of our distress they brought over here and invested in our bonds, should become a dollar in gold.