Indiana State Sentinel, Volume 25, Number 53, Indianapolis, Marion County, 23 August 1876 — Page 3

THE INDIANA STATE SENTINEL WEDNESDAY, AUGUST 23, 1876.

1851 the varUtlon lu the two coins amounted toabout six percent., the silver being the cheapest at that time. It was deemed deslrable by lead";,; financiers of the country to bring gold In a an element of the carreocy with silver J ast as it Is now proposed to bring gold In b equalizing tne paper le?al tender and gold - dl ldm; bat a very different and moretqultable plan was adoptet to effect that obJec than the one proposed or the s-trce end now. Mr. Cam pbdil White, the chairman or the committee on coinage, Mr. Alren Galla

tin, one Of the mom dlai lngoished flnai-cisis ol this or any other country, and a lormer senator of the . United Sates, and Mr. Ingram, tbe secretary of the treasury, In discussing tne qaemlon, agreed, as did also the Cob g! ess ol tbe United ekaits hata$ll time contracts and obligations werte based on the cheaper i.ver umi. It wonld bean outrage And injustice, not bethought of n r tolerated to change the r lall n oi tsilver to gold by inrreal"g the value or the silver dollar. Aside Iroiu the welguty, material interests Involved In Ihe cbanglug oi the very essence or all eclating contrac , it was contended that men. a coari would severely -hate the keen moial sensibilities of the oaUun. It would be LESSOR IN FRAUD AND DISHONESTY ertlich It could not afford to inculcate, and that should not permit the creditor, by a trick of legislation, to exact from the debtor 6 per Centum more than hlsjust due. By the trick of leglslafon. as Ml. l.alia'.ia and others said in 1S3I. Tbe actof Is73 now gives to the creditor class no lws than twenty per centum more than their Just due, according to their lda of justice, which was the right of the debtor to pay in the cheapest me al. A nsible and honest conise was resolvtd upon And pursued. A sufficient number ot grains of pure gold was taken from the go.d eagle to equalize its vaiue witu me mver uoii, wmcu waa that upon which business and contracts rested. The RO.d eagle was reduced to grain?, a reducion ot twelve grains of pure go:d, or about Hi per cent. Iu 1313 the first gold dollar was authorized to be coined The aame act authonz i tne oln-ge of the double eagle, or twenty dol an. In le53, for the first time in the history 01 the government, the first act waft parsed by Congress In avny way demonetizing silver. That act authorized subsidiary silver coin to be !Red, and fixed the quantity of taodar J silver in the half dollar at 192 grains, And ail tract ion al parts of a dollar, let than half, la the name proportion. The subsidized silver then an homed to be coined as made legal tender for five dollars; bat the standaid Silver dol ar and ail the fractiona. parti of a dollar, posseting tbe same proi.ortlooate weight and fineLesa, still remained as a m:l legal tender, as they all dl i uefore the act of Jo7J. Tuere wan no further leg M.atlou on the subject uutil 1873. The act of which we complain was tbe coinage act iegnliting coins, leaving the standard sliver dolUroutof the list of coins, and authorizing tbe coinage of the trade dolar containing 2u grains nd making It a lel tender for five d .ilars. Thl is, in brief, the history of tne legislation In this country noon tbe subject of suver. Now 1 want you to bear in rniuu that THE STANDARD SILVER DOLLAR was a full legal tender fcr all amounts, and the unit of value upon which all contracts were based from 1734 to ls"4, and the amouat of pure silver contained in that dollar has never been changed, bat tbe gold coin was made to conform to It when ,l was though t necessary to change the amount of metal In ither. In order to bring about a relative value. The OlD-S il will b seen, nevr did vary mncri In va.'ue, and the gteat, argument in favor of a double st-a drd is that they regulate the vtlue of the other. If one, from any cause whatever, from its scarcity or the dexnand for it abr ad, is lncrea ed in vaue, the chearer take-it place at home, (here is to demand tor tbe dt-ar or bast, ess transactions. It always being the right of the debtor to use his option as to which be will pay in. Iu . this Way the relative values of the two are kept Very nearlv t qual ai.d there wouid not be the d fference between gold and silver that there is to-day, were It not or the demonetization of silver. A' act reinon. t zlu t-ilver and making it a full lesat tender for all transactions, in eiltet, tally r-vivlng Ihs double Standard, would again brli g silver up arid bring gold down. U it perturms the same Offices I hat goid uo does, there would not be so much demand tor" gold, nod more demand for silver. This was lh wis iom of those bo formed the g vera rue t, aud has ever been itpolicy, nntii. in he interest of the oond-h ldfng class ot tuis cou try, induced by our foreign bond-ho!d r, no doubt, thj Cougrero of the United states pass.-d the actof 1873. The great rraud perpet.ated upon th i peo.-ie by the actof :8M. changed the contract in regard to our bocd d debt, making the principal of the )nd paysbld in co n, when tbe law authorizing the i sue of tbe bund provided for pymmt In lawful ru nev I re e" you to the act ot 16'. Tois ao: ot 1&.2, which authorized tbe issue of the 5-t) bouds, provided that the legal tenler notes shoildbd lawful money for all deb: against th government, except interest np"u the public debr. After practicing this Iraad upon the debtor class, Increa-ing their obligations ruor than four hundred millions of dollars on tbe day that tne act parsed, g Id ai worth 3) per cent, premium. The oouds that were aftected by it amounted torn re man fourteen hundred millions. The boudh drier claimed that tbe letter and spirit of the various att au horlzlng tbe issue o' bouds, ensiled hiai to coiu pyment. Be aase of ibis their frltnts in Congress were induced to pass the act of 18;, 3 This act was paat-ed, It waa aid, to txplaiwhat was meant by 'he virion &ci passed by Congress authorizing the issue of bjnds. Among others it denutd Vf HAT WAS MEANT BY THB WOBD" COIN." It says that the interest-bearing obligations Of the federal government shall b9 paid in gold or silver. Now, after having repudla'ed their orig nal eon' ract by the passage or the law of 186Ü, and providing that the bouds should be pld in coiu, they indaced Co gr ss t ipassuw demone izing one of the coins They did this in oder to gel more from the government than their contract provided lor, as it waa seen that sliver was bound to depreciate This la the only reason that cm be assigned for the aemouetizatioa of sliver. No one who has pofeen upon this ubj-ct in Con-gres-sd-nles th legal right of tbe government to pay both the principal and interest on our bonds in silver if It cboooes to do so. Mr. Bherman In his late speech in th Senate, admitted that It had the egxl right to do thi. Th-Federal government has ut-ver issued a bond that provides for payment in gold coiu, but they are Jay able in coin. Tbe arltf dues aetobecolected In coin, snd appll d flrt to the payment of the interest on the public debt. The law of :87i, providing or the If sue of b.nd.sto fund tbe pubic fi bt, bearlr.g 4S and 5 per cent. interest, pmvI Je that the bonds are to be pa) ab e in coin of the standard vain, as it existed at that day. Ulgnlng men, engaged in leglsla'lnn for the bonu holders ot the country, now ins st that in oider to triug about the relative value between the two metal', more suver must oe rat la the dollar, which Is contrary to all precedent of the government. Their purpose is to get the standard chaDged so that iney can nave an argu went agait st taking silver at all There la a conspiracy cainst liver, not only In this country but in tu-ope. The object is contraction of tbe worlds mnnry. It is atrangtttht any miD. 11 idc ander our gov ernment, woo Id favor a policy which is in the interest of ail creditor govern menu, and against tbe Interest of ail debtor govern xuents, like ouss. The amouut of sit ver and gold In the world regulates the prloof all commodities exchanged between govern men s; In other words, it la the world's money, and tbe qaactliy of that money regaiate the value of those commodities exchangab'e between governments, just as much as ine volume or money in this coua try regulates tbe value ot commodities here. lnisisto the mietest or creat or govern meat, but fatal to the Interest ot a debtor gov ernment. THB DOUBLE STAUDA BD. Suppose the amount of silver and gold to be five billion dollars in the world, and that It Is equally divided, half of gold and half of silver, and that silver should be demonetized everywhere aa monev. would not that redo . th value of all commodities one-balfT Would notour peon e be Just as w-II off with a double standard, which anoold in reaae tbe value of commodities, say one-half, to snip their prod nets to tne sea-shore, snd thiow one-half Into tbe At tan tie ocean, and ship the other to foreign maik et? Tney would get Just as mnch of the world's money lor It. in a na tional sense, all are afT eted In this countrv by this policy, the bondholder as well as tne debtor class. B .t tbey win unk the value or . tbe product, destroy tbe productive Industry of tbs'oantry.and the market for the .ame, . in order to advaooe their own personal inter -ests. If the nations! debt was to be paid off taaüTer,aa4üiepreeeüt Oiflereace between

the value of gold and silver, vhich Is about 20 per cent, should continue, the difference to

tn people or government wouiu oe aoout S40o,uou.ot . It is claimed this will be repudl atlon. i I challenge any man to pove that silver has declined more in vslue than gold has advanced since Its demonetization. If U at is true, tbe demand for goid payment lass mjusf, upon tbe part of the ere iltor. as it DOfiaibiv ca b argued It wou'd be on the Dart cf the debtor to offer liver In payment. ut tbe saving upon the Davment of tbe national r ebt is a small thing when compared with the vast Indebtedness of the eoun'ry, the state, muulcipai, county ana Individ aal indebt- dness in the shape of inirtgaea. e'e . all of which is a debt contrac ed to be nald in legal tender currency. Goid and sl.ver had but littje to do in the way of ren latins th6 value ot com noditles in this conn try sine the greenback was made a legal teDdir. Thflr nrovlnce Is to regu aie the valuta ot oaamtdltles that pass Irom una government to another. It is pro20ed by this party io retire ail tne greenbacks of the country. THB MONEY POWER 19 WAGING A WAR most furiously upon them. If this war hould be successful and silver should not be remonetlzed but remain as a ommodlry, in that way having nothln j to do In r gnlating the value ot other comuierfi'les, then values are to be re. u laud at home, according to the amount of gold si ne, the same as they wjuiu oe between different governments. It 1., thf retoie, very important that slaver should be remone tlzed and made a lull legal tender, lu cawj you are brought to a soecle b isls in this cou nry. Thai basis hould be b h gold and silver, an it was wüen SDecle payment wa abandoned. You can not but Fee the manner in which the valne of everyt ing is to be sflectej by it. We produce ab mt twice as much silver here as gold about twenty-five millions o' gold bullion to fifty millions of silver. It Is easy tj be suen how the value ol products wonia be afT.-cted In thisennr.trv if frieudlv Iteration was enact ed, as it ouiiht to b?f ia favor of silver, whici w u'd be srjecua muca more man comiuouities are affected between governments, because it must bi pre.-nmed thtt we wonu nave more silver with us than gold. The strange feature of this case is that our Government was tue first to demonetize Mlver. Germany loliowed. Why did she follow? cae he was a great creditor na ion. She bold many buodrtd millions of our goods. Hbe bad Just Ome OUt 01 a war WllU ranee, in wmcn France wa made to ray her a mousana millions of dollars. By d-monetizing silver the value of the gold which alone must b rtuid in. would ba erfatlv enhanctd. it is easily seen why Gtrmany engsged in the demonetization of silver. England demonetized si ver some years ago. Ktie only cses it as Change, and it is a legal tender to the amount of five dollars, it is eaiy to oe seen wuy luese governments engaged in the demonetization or silver on another account . Neither of them produces silver to a great -xtent, while toijland is tne greatest goia proauc country m the world. I have stated that we pr uuce twice an much stiver as gold. Tüat tbe gov ernment of the United states shomd demone tize silver and DESTROY HER Off WKALTH I mean her mineral wealth, to say nothing atout her weal;h In a 1 other products is something beyond my comprehension. Many miners are bankrupted by this policy. Their business is destroyed. Lab ring men, by thousands, are thrown out or fnipiojmeni. We aro th prod c. rs of precious meUtls. Our ptrop.e are treading light over the very article ihm we owe. That wtaltQ has been destroyed by nntriendly legislation. The creditor weli understands that these me'ais are not a sia aard of value. Governments, by legisla tion, make them a standard of payments, and that greatly enhances tbe value ot bullion out of wuicb they are nude. The creditor took the risk of any change in value, nd they were carelol tf provide, as 1 have stated, in telawof ls7", that they were lo bs paid m coin of tbe standard value as It then existed. The government can not change that standard and then otter tbe coin in pa meut. But in view of the enormous Indebted ness of this country, created on h paper basis. he argument Is much stronger, mere is more necessi.y that Ju lice should b done now, because of the large lnteests to ba afft-cted by tbe remonetization of silver and keeplt gthe standard as It was, tt.an there was in 17'.2, when the standard was e-tablisned in accord ance with tbe t-tandard of ipip. we nad a-iopted their coin aud all our i.tbls were payab.e in accordance witn n evaiueor mat coin. But it is agued by some, wbojustiry tne fraud of li7o, that it ma.teis but little whether tbe standard of tbe sliver dollar was dropped out of our toiDS or not, because but few of them naa been coinea since tne ionization of the govern mcn . Only about eight million ol standard dollars nave been coined. but I insist that the argument now is mucn stronger for Its remone izttlou aud rt coinage because or that, we nxi d tnevaiueof this coin when we bad no bullion out of which to m ike it. a made tbe bullion of other gov ern me ts because we baa none oi our own un til wnbin the last tew years. Mow that it is found that our mines are rich with silver, when it is now aud likely to be a mu :h greater product in this country than that of auy ott er. It is not only our outy to give vine to it, but lo loice other governments to do to. 1 have examined this que tion In every shape, snd I am at a loss to know wnat kind of statesmanship it is that permits any man t. oppose t be recoinage and remnneiizauon oi silver, .wain tne ivepumicao party lsdt noutc d in the Ht. LouUpla;form 13T passing many acts wnicn were A HINDRANCE TO 8PECIB PAYMENTS. Have tbey ever parsed any act that Is a greater hindrance than this? Gen. Grant, even after the passage of the act of ?8:3, was net aware that a law bad been passed, demonetizing sl yer, although he bad signed It. in a let er to on of his iriends be referied to the great abuudance of silver iht we were likely to produce, and the great advantage It would be in bring nz about sp cie payments, wen might the Kepublican party o denounced for parsing lp ws which were a hindracce to specie payment, when professing to be in favor of it, and paus a law demonetizing silver ben we are the producers of it. If specie payment la ever brought sbont In this country, stiver must perform a very lmpjrtant office In furthering such a result. 1 know that the bank ers of the co in try aresometlm-s accused of being In league with tbe bond-holders lu demouetlzing sliver. I can not see. however, where tnisdemoneiizirgaci is in tneirinteresi in the least. If we are to have no money ex cept coin which means or ouce meant, bth gold snd nllv r, but now Mac silver Is demonetized only means gold, the bmker who wishes to do an hone. I banking business mail be enabled to redeem his notes. No man knows better than be the utter lmpwubl lty of redemption upon gold alone, When we ab indorsed aoece pa meat in itsz, we nad both gold and silver as tbe basis of our cur rency, aud lo regulate tbe values of all commodi .les. 1 nop thai a'l men wi.l rtnect upon the effect it will have upon tbe best interests of the country if we are brought to specie payments on gold alone. Nomn. ever contemplated it omside of the designing b nd-holderi. Wben specie payment wss ttisea about, it was generally understood to be specie psymentlu thed mble standard of goid and silver. I have stated to ya that a great coolest. Is going on in this country between capital lata and producer. Their plans are well laid, and if carried out will create a moneyed aristocracy and produce pauperism ana peasantry, just as certain as the t-am-i policy h-s brought it abjut in Eng land and la o her monarchic! governments. All values now, according lo Ihs policy of the buiiionista ana Dnd-holders, are toberegu la ted by go:d alone, of whlca there U notovtr i26,o jt'j.'OO in the United States io-day, with a steady drain upn our goverument of more than liUO,oc,Ctjo to go abroad to pay interest on government and other bonds with a reduction of about twen ty-Uve millions of gold. Whatkind of value will you have upon your lard-, upon your property, upon your products? Tne man who oes five thousand doliais upon property worth twenty thousand, if he la not able U pay, might as well make a deed at once and vacate as lo have his PROPERTY FOKtjKD TO BALE. I want yon to observe that the money power, which has been making war upon the green backs, demanding their retirement, are also making war upon one of the metals and formerly one of the coins of tbe country and demanding Its retirement. Tbey eU it Inflation to insist noon lu coinage. They are as mnch opoa d to plntv of bard money as of soft. Their policy Is but little money of any kina so there will be great valoe In the money and but little value in any thing else. This is the contest that we are now engaged In, and It will continue until one or Uis ot&er succeeds, j u Cqi conaaed,

exclusively to one party. Many of onr Democratic friends h ve become lntox'cated witn it, because large profits are made by It among them as wen as among Repobl cans. Tbey admire It. Many Republicans, especially In tbe We,t the West being a debtor of the Eist follow slowly: they are becoming disgusted snd restletts. They see that their party has entirely gone rver to the moneyed aristocracy, and nothing bat their partv pride causes them to follow tnelr party dictation npoa these questions. Indeed, many or them vote with us. We have, upon tuts policy, many strong supporters in the present Congress among Republicans. I a ik Is, as in the act providing for the rep al ot the resumption law, I want to say, In Justice to the Republic ns from Indians, that tbey have stood shoulder to shoulder with us. 1 ink k l may say, without fear of contradiction, that 1 was the first io spring this question upon the lower House of Congress. rly in the resslon, 1 Introduced a bill to make a silver dollar a full legal tender. It found its gr ve as all other propositions la the lnteiestof the people. It remained there for month. In leed.lt hat never been beard of. The subject had not been brought before Congress except aato the quesilon of the retirement of frsct onal currency, and tbe issue of subsidiary silver coin. One of those bills came back from the Senate with an amendment demonetizing tbe trade dollar.. Unterpost:d objections to the mend men', and it was sent to the banking and currency committee, and 1 a lew a ay a report wrs mde fiom that committee in favor otthe passage ol the bill as It came from the innate. lopposed the report and ffered an amendment making tbe silver dollar A FCLIi LKQ1L TENDER, which received a vote of 110 to 55 a twothirds majority. This aroused the altent'on of Congrtss a: d ever since that time the question has been one of great Interest. But the sesslo i was near to close, and the minority, though small, could filibuster and prevent a vote. A week or two befoie the close of the se6ion a bill on this subject was reported from the committee on mines snd mining. According to themles or the House ltcnoaly be considered during the morning hour. A r eg alar n ibubterlog wa keot up during that hour every day during the remainder or tbe e-ion, to prevent the passage of that bill, although I have no doubt that rerly twothirds of the House are in favor of it. Tne question is one cf such vast Importance to the

country generally that the passage ol that law can rot lor g be delayed. I lülnft at a vtry early day of the next besrdnn we will be ab'e to pass a bill maklrg the sliver o liar a fan legal tender and put all our mints to work coining 1. I m not mach alarmed at there being too much money, and 1 am ast.mished thai any man should be alarm-d at there being too much hone-t money. If money has an Intrinsic value as gold and ? liver. I am at a los to know how It can be inflated. The government that has the most of tbe precious metals boasts most of ber prosperity. This baa usually been the case, bat is not the idea or onr modern s ate6meu. The great question for you io decide now Is, will you fvor a policy that maKes the Rivera men bonds and be interest on the same valuable at tbe expense of every industry of the country, and at the expect..) of every dollar's worth of propery that you own, whether real or personal, l ulsls of far more Importance to you than me bucceos of any party, lou can not ail rd to be ban ami ted for your partv. What does your p trty amount to if your bouses are tkn fnira vou and you arertaucea lopea-aniryi Partifs are oi ly valuable, and should only b maintained to advance tbe best lote ests of the countrv. Whenever they cease to do that. they should be abandon d. 1 know no tany when these qu-stions couie before Cong res , and so long I am your representative, anu there great questions a-e to be decided, I will be fouud witu any nam that is ior me inter est of the great laborin; and p odnclng classes or this country. Tba Dem -cratlo party, as a party, is In favor of rustaining the rights of the many as against tbe tew; ont as i nave ated. t ere are some members Of our party that a e not, and tney must not be quoted as representing the sentiments or the party. The question of equalizing the soldiers' bjunties is one that has been before Congress ever since tbe clwe or the war. In almost every convention of tbe Kepublican party they pas a resolution in favor of EQUALIZING THE SOLDIERS BOUNTIES, and at tne same time pass a resolution endorsing President Grant, the very man who vetoed the bill for their benefit. This is an In consistency that I have never been able to rec" oncile. 1 leave this question for Kepub leans to solve. The House of Representatives is denounced by all the Kepublican Jotrnals ot the country, as a confederate House. I am pleased to be able to s ate that this House pushed a bl 1 mouths ago to equalize the bounties of s. Id ere, giving them au additional bounty ot eight and ouethlrd dollars per month cr all the time served less tbe amount of the bountt that they have received from the government. 1 his Is claimed by the soldiers as an act mat ougm tu De passed by tbe fed et al goverument, recognizing their seivioes not as a debt, but as an act cf Jus loe. A government like ours, which de pends entirely upon volunteers to aeienu tue rtehtaofthe oeooie nd maintain our flaz. can not be too liberal wlih those who volun teer to maintain lt. 1 have always favored ibis act of Justice to tbe soldlers. I hava always thought that they who defended tne na tion's Hie ought to be abu dantly rewarded by 'he government. I have voted for every bounty and penslou bill that came be fore Congress. We passed a bill through the lower rtouse giving a pen loa to all tue soldiers of tne war of 1HU, who had served ten days. I wa pletsed to re rd my vote in favor of that b li : but that bill, pla in urxm the pension roil the soldiers of 1812, as weil as the bill to canalize the bounties of tne soldiers or the late war. found its grave In tbe Henate. Would it not have been tar better for the soldiers of tbe country If there had been more confederates in the Henate? The confederates of the Honse generally supported this bill. But tue Senate is a more loyal body. the. claim to love their co mir? much better than a confederate can. Thev cla m that the country is not sate and wonld not be safe in tte hands of tne temocrauo party oecaase mm of tue confederates are Democrats. 1 have noticed one thing, whlcn is that there is more Intimacy between those who b ire arms against each other In tne late contest, in the House, Dotn on tne union ana on the confederate side, than between those who were not engaged in the conflict at all. ice only mau Lot yet reconciled o the result of the war, are tne men wno were very tar iroiu the seat of war. 'i he confederate stys be has had enough or the war: aud the Union soldier as a general thing, says he wants no more of it, except wben it is necessary to maintain the government. Tbey do not want to continue wsr in order to get in o office. That is all tbe politioiaua upou the Kepubi can aide expect toaccompnsn Dy tne agitauon ot tue war. THEY EXPECT TO BE RETAINED IN OFFICE. Indeed, some of them have come to the conduslou that the government, with Its entire wealth, should be under their control. They claim that they have saved it and -that tbey have the right to use it. That Is the reason why there Is so much free use made of the pub'le fundf. They claim that tbey have saved (he country and that now they are entitled to a great deal of privilege, e en that or taking rrom tne treasury or the country without the authority of isw. Tbey claim that the colored men of the country uow should be obedient to their wish. That, having freed them, they should now serve the Kepublican party politically. Tbey are as great slaves to this party as they ever were to their old masters. They dare not step aside. I have very recently come to the conclusion that the great reason why the capitalists of tbe country ae-lrtü tne liberation ana enfranchisement of the black man was that they could use him. The intelligent white men of tne country, not interested in fcovernmem bonds, have turned their baczaupon the He publican parly because of their policy. Bat the colored man. who has lust emerged from bondage, not possessing the lnieligence cf the wnite man. votes tne ucxet wiinoui a scratch. He votes in the InWrestof tbe money power and to build up a moneyed aristocracy in this country. Now. this Republican party Is a strange pHrty: composed principally ot tbe most intelligent men of the country ,. men of vast weaitn. aud tne most ignorant, it is a great party. principally composed of tne nioatea nomi-noiueis ana coiorea men just eraerg'd from slavery, too Ignorant to know what Ihe real pur posei of the party are. The question of reform is now the great question baiore the country. It Is now admitted by all parties that extravagance and corruption baa taken possession of the present administration. It has been Indulged im for years. Wben we consider theenormo s etelpta that have gone Into the federal treasury since the Republican party went Into power, and Ute small

amount of the national debt that has b-en paid, no one will deny tbe neces

sity f.tr reform and economy. Gen. Hurlbutof lll'nol, a prominent Republican, in a sieech In ths House of Representatives on tne z?tn oi j uiy, prouoced a 'able snd bad it read, as part of nls remarks, from which I gather the following facs: From J ly ', ISA, to Jane 31). 1. there was raid Into tue federal treasury 14,"o45,0 91. There was paid Into the treasury from the sale of bonds and the issue or leg-U tender no es something less than f3,t ui,ox,im'. Tbe debt never reached three biliions. Tr-ere has been paid on the national Oeot some' V.: g over t7ut',"oo.uo '. Tne leaksge in round naia oers, is about nine bilious of dollar, ror which tbe Repa Oilcan party do not pretend to account in any other way than by saying that It ha- been spent in carr lng on tne government. Oi course you must take into account the interest they have paid on the national debt. But this amount Is 8lartUrg wben we consider that toy 27 years preceding the advent of the Retiuhlican party, there was nlv received at the Federal treasury 1 1,3 9,977,! 2 52. In view of these facts it Is not surprising that REFORM la DEMANDED EVERVWHEBF, and that It must be brought about or bankruptcy is inevitable. But there are very many conscientious men in the Repu oilcan party, who b lleve that reform can come, inside oi th-ir own party; that the party can letorm itself. This idea has nothing in r anon or ex perience to sustain it. No party, long In power, when corrupt m has t-eized upon and possessed it can ever reform Itself. Reform must come from without, in tbe very nature of things. Th selfish, greedy and venal seek alliance with the part in pow-r to creep, li possible, Id to it high place. Unscrupulous, practiced in all the arts of demagoguery. we find that they often get into controlling position in the dominant party. All history leaches that when evil spirits get control they do not cast thems Ives our. We read nowhere In the go d book of devils casting themselves out, or casitug out other devils. When wicktdnes9 and conuptlon get hold upon a party tbey will loierate nothing bat that which tbey can use to carry out their corrupt purposes. I proof of this, and to prove also that th Repub lean party is controlled by wicked men for corrupt purposes, I nave only to refer you to the fact tbat every man who ban been called in any vay to administer the government, and who expects that the party cry oi the republicans is to be carried cut, which is: "Let no guilty man ecape,"and baa tried to do so, has been temoved by the president of the Ifnl'td S ate'. He wants men who under stand bim. When he says 'Let no guilty man eecape. ne meaus iet no gull y man escape being liberally assessed ior electioneering purposes', In every Instance where his appoin ees alten-pted to enforce the law bo as t allow no KUlliy man to escxpi tbe penalty of tbe law tbey have found themselves retired to private life. Where Is Ihe re ormer, ftrisrow, who created steh a stir among the whUky thieves: Pratt, his stern supporter; Jewell with his economy in tbe management of the potofflce oepartment; Yaryan, the bonetdetec:lvc;and tVllson his firm supporter? All h-ve ben removed. What does all this mean ? It 1' evid-n t that there is no power to refoim tbe Rpuallcau party in the interest of honesty, but that it is to be ran In the Interest ot corrup'. party rule. The THE ONLY WAY TO REFORM A PARTY, loog possessed ofj corruption and fraud is to overthrow if. Rut Republicans say by nominating Hayes and Wheeler they Intend to change both measures and men. I do not intend to speak against these meu peronail v. Mr. Wheeler is a member of Congi es and a courteous and pleasant itentleman. Jdr. Hajes Is a man agalDst whom nothing personally can be said. 1 hope during the ranvafs that personalities will be 1 d a-.ide. It is to b9 regretted that when me t become candidates iney are genera ly subject to so much personal abuse. They will have a coat go of men if they are elecie-t,of course. But 1 wish to say thin, that lr any one surposos that by laying aside their acknowledged leaders, suchas B aine. Morion, t'onklii g aud Grant, the tame evil geuirs ana corrupt, centralizing and domineering class will not control that party, is mistaken. '1 hat party is a powerful pny, and the brain and soul that rul-8 it arc s ronger that Hayes or Wheeler or both together. It is the same party which baa controlled Grant's ad mlnls'.raiion.dora'neered all Republ can caucuses, crushed out Trum b. 11 and Henderson, Schurz and even Sumner, wben they hesitated or faltered la obedience to Is behests It has been snd is a great war party. It was boru during the Kansxs troubles, and grew with our civil war. War is desttuctive; it means destruction. Destruction ot lite is aiw) a atteuded by destruction of property in time of war. Its mission ws destructi n: it was organized to destroy. Its great object was to destroy slavery, which it ban done, and for which all parlies give It cedit and acquiesce in. SLAVERY WAS A GREAT MONSTER. Mr. Jefferson once said of slavery, that we had the wolf by the ears; we could not hold him or safely let him go. The Republican party has destroyed it, and all are gratified that It is gone. Though many were not disposed lo attack it, since its aes'ructiou all seem to ba gra'ifled that li Is forever swept irom tbe land. Now, a party inatnasoeeu engaged in tuen oes rue lou is not likely to be a party of reiorm and economy in civil affairs. Wuenever you want anyth ng detroj ed, the Repnblican party Is the oartvlodoli: bat whenever you want econ omy in the administration of the government, whenever you want prosperity, peace auu quiet in tbe land, the Democratic party has ver been noted lor Its principles of economy in governmental affttrs. It has ever been the case that a ter the Republican party hs had control of this government and carried on their svBtem of destruction, it has been rccesarv to do tine Democratic party in power, in order to ecooomiz and bring bck prospetily to tee country again. Tne Republican party has destroyed the orosperity ot tulscoun.ry b effectually as they nave the si ve power. Tbey Hooded the country with paper mony v.iu-s were greatly innated oy sucu e jormoHi issues of muney. They as suddenly take this money from the pe tple as tbey did the siave irom nis master, ana naveieii tne country In almost a helpless and bankrupt condition. Reft rm is a work of eace, ana tne Kepublican party can never be a good pef.ee (art. It must come from ome other party, or It cannot come at all Hut reform we need ana mu l nave, li mis no oaf earn year we would found anev thd solid bt ls or the Republic. For tbe spirit of war we must have tbe spirit of peace. For measures tnd ng to a conflict of races, let us have measures of Jns'i e and equal rights to all, white and biacg. f or carp-i-og roDoery ana mi ruie, itus have tbe voice of the people una wed by basonets or by mobs, white or D act. For military atrapy, let ns have enlight ened civil judiciary. For a White House filled with military ideas and practices, let as have the quiet dignity and solid strength of A CIVIL MAGISTRATE, one who knows that the civil law will be su preme over the military power, andonewco bai proven himself to be equal to the task Of reform. Tbe Republican party baa claimed that ihe rings ot New York were greater than any nogs that they bad formed. Mr. Tlidtn has shown his capacity to reform those rings. it tbey were greater than Kepublican rings, certainly he will be eo ual to lue task of bring ing about reform la the ad minist' atlon or the federal government ss he has In the state of New lork. I do Dot claim any mo-e parity lor tbe Democratic party titan I do for tbe Ke pub lean party, omy ss circumstances wen calculated to bring about purity In parties bave made It so. A party, loog out of Dower Is purified. for all the 'cor rapt and designing men that be ion g to parties leave it because of their Inability to get pluuder from It. lhey naturally drlit to the dominant party wnt re tbe plunder is to be had. Now, 1 do not reKr to the gr at mass ot honest voters ol the country. In both parties they are equally honest, at d only ask that the government snouid be managed on tne principle of economy a d honesty, tbat should prevade every department. I refer to toe deslgnlne politician, who is a Den-ocrat or Re publican as it is his Interest to b to. Were be Democratic party lo gain cuntr 1 of tbe government, should the administration, with all its patronage, be turned over to toe Domo cratlo party, you would fled many of the very men who bave been engaged in iraU, ana In covering up fraud", coming, with banners living, to the Democratic party crying '"Reform and honest goverument." 1 his wil: have to b careiully guarded ag Inst. But it must be admit ud that a change la the administration would bring about purity and ecouom , for a time, at least. I do not insist that it would rematu pare lor a longse lesol yesrs. If turned over to tbe Democratic prty This would be contrary to the history of 'be country. The only safety for tr.e peop e, tneir only protect . n. are their votes to change the administration, as I bave stated, no part can purify Itself when corruption has a deep

hold on lt. I have no donbtof the desire of I the honest portion of tbe Kepubdcan party to

pariy pnnnea itseir. ineir party pride would prompt them to that. Rut I am satisfied now that the gratbody o' l-epublt-cans, as well as Democrat, have lost all bope . f the ab llty of the R publican paity to brlg about re. orm. I! COSCLTJSIOIff, gentlemen, I am very mach wearied with my trip r ere, as well as ray stay at Washington mr some two or three days before I left there. " areauv wearied with business. 1 have t,ad bat very iut;e sie p. I am much p ea8-d to meet you. 1 am mom ir-tiflert to see you an bs at home, than you are to see ' "ulu"' i a voice, we are g Hue i0 send you back again Frank. App acse. Well, there Is one thing certain gen lernen, that I wantyou tiecollct, now if you tend me back there .u neea not expect anv change In my course whatever. We bave only a tacked the tklrmish lice tf this partv. We have made the attack, and I warned them before I lett wt hineton to bs prepared when the next session commenced that we exoec ed to make a grand charge upon theircainpoi corruption, uieers, 1 expect we will remonetis sliver at a very early day next session. We expect o do that, ard lam satlsfi d that we have ihe sblllty to doso. Great applause. J we don't intend to repudiate, neither do we intend tbat tbey shall repudiate. I thank yoa, gentlemen. Mr. Lenders was received with wild demonstrations ot delight when he appeared npan the stand, and the audience applauded bim throughout the deliver v ol his long and powerful address, manifesting their appiovsl In many ways tbst must have beea a great gratification to him. OUR NXT GOVERNOR CALLED OCT. At the conclusion ol Mr. Lsnders's speech, and alter the crowd tai ceased to cheer It, there were ca'.le, loud and lone, ior "Williams, Old Blue IJean. our ntxt givernor," etc., and In response the toweriEg form of Mr. Williams loomed np belore the enthusiastic populace, aud he addressed them as follows: My Fellow Citizens I feel proud to-uiht of tbe repect TOO have shown to vonr nolil ron?remmn. Applause. It was my good forMne to sit with him In Concren for the Ut eitht month nrt It m leure to serve with him for four reari in our state Senate. I hare ever found him "to he faithful sad true to all the trusts reposed in him. I bore that you will continue your confidence in him and return him to Congre, for he is an honorable servant and yon should keep him in office. Cheers. But the hoar is too late for Die to talk to you to-nigbt, but Mr. Wendling of Illi- ' noi will address yon for a few momenta. 1 presume that some of you sre more desirous of seeing me than to hear me. T Lauxhti r snd applause.! j MR. WEMJLISO's REMARKS. Gentlemen, it is entirely too late for me to attempt io detain you any length of time. I wsnt to take up an idea "just mentioned by your distint:iiitwd representative. That was the idea of the Kepnblicau party reforming itself. I want io loot si it ior a moment in the licht of his tory. I say that the proposition is absurd in the light of our last ten years history. And if you will go back to the close of the war, when the garb of loyalty ecanie the cloak of thievery, we uw in 1309 the formation of a universal carnet baetrinir iob. Unnl,n.. We uw in 1S0S the formation ol the credit niobilier job. We saw in 18 the Seneca Mmrutone job, n 18.0 the San Domiugo job, in 1871 the Tom Murphy aud custom house job, iu 17-2 the Washington city real estate job, in ls7d the freedemn s saving, banking job, in 1674 the Rotberson navy yard job, in 175 what? Why, a Democratic Congress is assembled. Applause. Aud it heralded throughout the country that its programme shall be investigation thorough and complete investigation. aud then it it. and not nntil then, that their president is per mitted to say, "Let no guilty man escape " Applause. The evidence shows in the whikv trials that the Chicago whisky rinir, the ft. Louis whisky ring, the Milwaukee whisky ring, and THE INDIANA WHISKY RING were all organized in 18.1 and 1S72, and not an enoii maue io crusn tnem until a Democratic Congress was elected. (Applause.) The Belknap appointment was made in 1873, and a trad ing-post sold to the highest bidder in 1873, yet no one doubts, for an instant, that Belknap wonld be Secretary of War to-day, were it not for thje Democratic tongr .ss. ny, the proposi tion of the Kepublican party to reform itself is absurd, not only in the light of history, but it U absurd in the light of common sense. As a common seuse proposition it amounts to this: Ninety-four thousaud corrupt officials are working with money, brain aud muscle to re-elect a Repub lican administration. They are to be turned out nd honest men put in their places. fLauehter.! Morton. Orant, Logan, Butler and Babcock, are all enthusiastic in support of Haves and Wheeler, after having had a distinct understanding that Morton, LoEan. Butler and Babcock, arc to be wiped oat of our politics as soon as they a re el ected. Big thieves and little thieves, big rings aud little rings are all united in support of Hayes and Wheeler upon the distinct and positive understanding that all thieves and all rings are to be wipwt oat as soon as they are elected. Is that good common sense? Then I say tbat the proposition that tue Kepublican party will reform itsrlf is absurd in the liirht of history and it ia absnrd in tbe light of common sense. See how difficult it is for the Republican party on a small scale to reform itself. When you recollect that even down there in Plymouth Church the most distinguished polpit orator in the Republican party, Henry Ward Beecher, successfully DEFEATED ALL ATTEMPTS AT BEFORM within the party. Laughter. In my own state of Illinois is a gentleman by tbe name of Ingersoll who is the next great theologian that the Republican party baa produced, who has spent one-half of his time cussing God almightv, aud the other half in cussing tbe Democratic party. Ha is the only criminal lawyer, gentlemen, who has sue ceeded in clearing a prominent member of the whisky ting, and the same evidence that cleared him waa immediately procured to help put Blaine la nomination in Cincinnati, and that is the reform within the pan y. Gentlemen, peaking; of criminal trials, reminds me of this: Have you ever noticed that it Is a pecnliarity of all lawyers in defending a very extreme and difficult case to always seud for the most respectable relative and place him in a full view of the jury. Thinking of that a moment we can understand why they bave that vrell dressed gentleman, Mr. Hayes, to sit before the jury in this campaign. The thought waa suggested to me ibile Mr. Landers was speakine. and I had not intended to mention it to you, but I thonght that tbe idea he had mentioned of a reform within the party might he emphasized. Now, a word as to the general coudition of affairs. But after the address yon have beard, it seems useless on my part to attempt to recite them. Eight years ago the politicians now in power attained f r the first time, conirol of this government. Prior to tbat time there was honeet Abe Lincoln, by whom SIMON CAMERON WAS SUSPENDED FROM OFFtCK, and after him Andy Johnson, whom they tried to impeach. Eight years ago, when Grant was elected lhey attaiued unlimited control. 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