Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-12-14

rapidly.developing Union and Emancips-
ton sentiment in Missouri, Maryland, Ten
nessee, Kentucky and Louisiana, and de-
clsred that slavery is substantially dead,
and only needs the decent ceremonial Of
burial to complete its career Of bsleful in
fanny, He had often discussed it as smoral
and political evil, but he hoped never to
discuss it again. II any man should at
tempt to prove it a crime in the eyes OF
religion and law, he would say, " Your
ressonings are very just but they are IN
necessary, for slavery is dead" If an
other should attempt to prove 1t to be
higher form Of civilization, approved OF
God and fruitful of good to nations and
men. TO masters and slaves, he would say,
Slavery is 20 you, no doubt, 3 very bles-
sed thing-a being Of rare virtues, but
\ this is q world Of sorrow and dissppoint-
ment, and l must announce to you that
your darling is dead. Put on weeds, if
you like, and hang the drapery Of sorrow
on the coffin, but life is too short to waste
an hour in discussing the many virtues Of
! the deceased" No one can any longer
doubt that the removal of slavery removes
one Of the active causes Of the rebellion.
The speaker next referred to the imam
cial condition of the country, as ground
OF hopefulness. When the governments of
Europe advised their capitalists not to take
stock in an American loan, folded their
arms complacently at the prospect Of the
dissolution of our Republic, and awaited
our petition for a loan with prepared re-
/ fusal, our Minister of Finance man Of
whom Ohio is proud-announced to the
world that the Federal Government would
| fight it's own battles, maintain its own ma
tionality, and pay its own expenses. The
necessities of the war have developed a
solid and magnificent currency.
There are two conditions on which the
value Of paper money depends. First, the
kind of security on which it is based.
/ Second, the amount in circulation. If
there be more currency in circulation than
/ is needed to transact the business Of the
country, money is at 8 discount; if there
be less, it is at q premium. If the issues
of one bank are based on stock that sells
at premium, and those Of another on
stock that sells below par, tie dollar Of
one will represent different value from
that Of the other. Where thousand diff
| ferent orRanizations-state, corporate and
!
| their own choosing, and in such quantity
ss each may please, or as individual states
may determine, there can be no uniformity
in the value or amount Of currency. This
was precisely our condition prior to the
war. Bat the great measure Of the Score
tsry of the Treasury has swept away sll
these small establishments thst were tink-
ering at the currency, and planted our
financial system on the solid basis Of ma
tional credit, with the amount of issue reg
ulated by the national government and the
necessities Of commerce. The famous
q greenback" bears the same value in eve
~ loyal State, and when the great fnan-
cial reform is fully introduced, its bene-
fetal results will be everywhere manifest.
The war has taught our people patience
under adversely, and what is better still,
we have learned to respect authority and
obey law. Our young men who were in
clining to umbrellas and thin boots, have
grown strong in the muscular virtue and
hardy manhood Of soldier life They have
learned to despise the little accidents Of
snow and rain, heat and cold, and to re-
gard manhood and duty of far higher worth
than ease and elegance. The heroic young
men who will fill the ranks Of our citizen
army, will put TO shame the effeminste
and imbecile who stand spparrelled at q
mud-hOle, and would regard "hard tack y
and bacon as vulgar diet.
The people Of the Reserve have right
to be proud Of their sons now in the field
The citizens of Youngstown have their full
share of that honor. The 7th, the 19, the
26th, the lO5th and l25th Ohio regiments,
and many other organizations, have repre-
sentstives from this section. The speaker
referred to the battle Of Chickamauga, and
spoke of of the part taken in it by our sol
diers. He closed this part of his speech
by quoting the Presidents remark, made
to him during his recent visit to Washing
ton, that we had now "got the rebel dog
by the throat, and all we needed was to hold
on, keep squeezing, and the work would be
DONE"
He concluded by appealing to the peO-
| pie to stand by the government, and fur
nish the men for 0hios new quota.
/