, 1865-10-13

myslf no nore doubt that thefe metals were pre-
paredhy the Almighty. for this very purpose, than
;eS s
secured convertible psper currency. No othe. can
20 any eEt,rt be proper substitute for coin. OF
ar In con .esetSe fot eve every do,sr Of naaet IL
circulation This is not necessary. For Ill o.dl-
ntry home tr.atactiona paper currency Is sufn-
.no esa II Gne
| -S,ate-, between Us different sections, mast be
settled By coin These balances Ere Insignificant IN
Of which tncy arise. md when vicious s5atem ot
credits docs NOT too log postpone settlements they
are arranged without d9tnrbing movements OF coin.
wheneFeT sneao Is nssa;d ts for such purpose, o.
county should be converEstc into It. and eircua
tion which Is not Eo convertible viii not be, and
present inconyeruble currency * the United STATES
| was necessity Of The War, BIT now that the yr-
has ceased, and the Government oneht not 10 b
up to the epecIs standard, and ses no way OF DO.
Ing this brt By Withdrawing po;ton Of 1t from
have no faith, Sir, In prosperity which is the
effect Of deprecated currcrcy, no: can see aoy
safe path for us to tread but that which leads to
specle payment. The extreme high prices which
now prevail IN the United States Is an unefsur in
dicatio1 that Tho business Of the eouniry ls q an
unhealthy condition. We are measuring values By
aialse % standard. We haye Circulating medium
nesS-the excess Is used In spccnlations. Tia
uniied States arc to-day The best market in tAe
world ior foreigners TO sell in and nmoug the poor
esi to buy In. The consequence IL, thai Europe is
selling "a more than she bnys Of rs unelnding our
securd9es which ought not 10 70 abroad and bcee
IS debt rolling up against rs that must be settled
in Rs1t 1t lsast With coin TIE longer the intuition
which We must return sooner o. Inter. II Consnss
shaIl carly tn the approaching session, authorize the
tion Is commenced md carried on resolutcly hat
carefully md nrudently, ne will reach It probably
without eerious embarrassment to legitimate o1si-
ncse-lf not wc shall have brief period OF hollow
sad seductive prosperity, resulting in widespread
1hers afo Ielher objections 10 the pEe.ent iuaa-
It Is converting do bas}nesI OF the % Country % nto
gambling, and seriously diminishing the labor OF
ths conny 5hts y a;KaIs tbs sscf oI e1eeszive
puees Is moi conansd to ths th stosk % and prodnee n @
boards where the very terms which a1c used bT the
operators indicate The nature OF the trans sections,
but j. is Spreading through our towns aud into the
lausuishes and tie productive industry Of the coan
md eober. petherezing industry, unot at discount
11e eonsic TOP old for the present tmcs.
But feel that this II NOT The occasion for croaHtn.
and perhaps ought 10 apologies for the train OF
lemarks Into which hays beef led.
Whatever financial troubles may be before us,
Fort Wayne Will suffer ns little from them ns any
fown hero At an early day. ii property Is hish,
there arc no encunbntnces upon 1t. II expensive
buildinss ate being erected The owners arc not In
Gebteu for lhcm. Buslucss ls done hero on the ca,
pIi1cTple. Our merchants generally buy for eash
and Eel for cash. We ehal doubtless wake up Eome
fine morning and Ind our property worth apparrn,ly
good deal lets thon at Present. but IL We hare
debts 10 pay III dea.ur cure than that in which
they were contracted, VIC shall have little to f,ar
nom any crisis that may occur.
Bet, while feel anIious about The present in3a:
the country, nm hopeful that, by Sxc legislation,
We shall escape fuancal collapse, aud am conil.
dert that grand future Is before the United
Statee.
lam hopeful that the currency may he brought
up to tho specie standard without thoae fnaocial
troubles which have III all countries followed pro-
The pa*i 'our years, wo ne led 10 The conelqsio3
| that our people hare 1a1ent power that 14Mays
uaEifests ltscH when required and ia equal to any
eaton,shmcu, oi the wor!d, raizea immense a.nies,
larger al1Mehend than any single natlon ever
brought into tho field, and met The. enormous cz-
| penses Of lhe var wi:sout berrow;as IRON otle,
cr1sle to flnd chr eurp!u. currency and interest
bca1tug rotcs, bring back the business to spe:;e
Standard and Place Inc credit OF the country on The
We shall accomplish what the eonndest 1hinkcrs ia
Europe have considered an inpoa.ihility, and what
10 othcr people ha! the freq mud enteIpFtsnc pco.
I country In the world, could accomplish.
| Dui slonld We be Disappointed ia tie.e ho2cfui
| expectations; ehonld no early check bs put upon
her advance and speculation be ssili further stmu
| lated. and the result thereof be extensive b1nS
ripley, depression and Lard times, the grand des
! tiny Of this country and this Government will moi
| The United s.atcs oceupy the best portion o.
the temperate zone Of q continent, stretching oui
~ arms 10 Europe On he ono side. and Asia on
The subsistence and comtorl Of the raca II cotton
be king he IL, thank God enthroned asnin; Il
bread he king, where shonld bis capital b. but In
iii. nation hss within Itch r. s1e.y,h,ne that ia
needed to make It the greatest among the family o
nations: Coal and ifon in jnxtapoe!tion and incx,
enough in gold md silvcr to furnhh the world ioz
all time, with what msy be needed for circulation
| and other nses: Copper aud lead md other miner.
tility, climate sa1uhriour and diversified, and
nbovc all, republican institutions, and an energetic
and again united people.
! We h.re, 1tfs true! sir, difficult questions grow.
Ing cut OF the war yet to bo settled, In: haze au
hbittng confdcucc thai they Will be eeted aa they
como<up for settlement, Ia rucl manner ns Mi
strengthen the Union, md add to out national re-
how'll Tbs labor question at the South ~ one oi
thoee questions. bnt If there be no outside Inter.
ono: q shc contrary Il : quits Likely 10 be ssls
iofn.er slaves. and The high price which Southern
products viii command for 1eas. to couc, will en-.
als him 70 ray l,beEslly for l. Thu eo!osea people
mean freedom from work. The Interests Of tue txo
viii need tl.e lnhof The blacks and the blacks win
apprcheudel from The unwIilInness Of tho latter to
labor foE support rs nom aa indisposition nn tho
lmrt Of the former 10 pay faE wages Like all other
ecrtijes and intc,ests OF the parties.
tic Seli being q lasoTns men esp;say, espital s
In most other countries hold labor under lis cou.
troll md dole ont to It inst such enumeration only
"a will make IL most productive. Lahor Is power
within the raeh Of rll Industrious men, and die
There T. no rat Of the world where labor Is more
DocItd than In the Southern States, nor Shere II
Will seou command better prices. This labor qucs.
lion at the South Will, donbt not be satisfactorily
clraEeed IN due time, for The best intcsests Of al
Lnt hare trespasscd too long upon your ttmc.
Accept, ngai my thanks for 5our courtesy, and 70,
The attention you have given to my dssultory r.
marks.
"a. Tho President Of The United States.
Response by Hon. Samuel Hanna.
ID. The Flag Of the Union.
Hon. A. T. Edgerton, formerly Representa-
Tive In Congress from Ohio, responded to this
toast In happy manner.
9TH. Onr Country.
Response by James A. Fay, ESD.
eth. The Army o[ the United States.
Dwight Klfnck, Esq, Cashier OF the Firsi
National Bank, was called out by this toast,
and cnclnincd the party for twenty minutes
l,y speech replete With eloquent thought
lie wns warmly applnudcd-
Glib. The Navy Of the United States.
9Th. The Fiscal Agency Of tho United states-ibt
mcdinm through which The lte-blood OF tbs nallot
noas. le WHO successfully controls It's Affairs vii
stand l'c 10 the Eol! Of honor among the patriots
n ha nnV1f
Hon. Charles Case, formerly Representa-
tive In Congress from this district, but now nr
Agent of the Treasury Department, responded
to this Toast In happy manner lie com
pared the present condition Of our country
with what 1t wns nt the close Of the wal
Of the Revolution, when 1t would take $500
to 81 900 Of the money then possessed by tlt
people TO buy q breakfast, whereas q single
dollar Of our grcenbacks would buy break
| fast at the best hotel il New York. From
l7ss to 1!0l % period of thlrty-four months
| but little over four millions OF dollars
were collected by our Government from nj
sources, whereas the sama sum is now fire.
quently collected in q single day. Nj. C,s;
eaid we had heavy debt upon our should:rs
| much Of which woilll have to fall upon tht
shoulders of tho next generation; but that IL
would be paid, every cent, no man dared te
doubt.
etl-"The Indiana solqic7s.r
To this W. H. Wtthcrs, ESD, responded n
follows:
1rEEcu or AN+ wIIHLEs. !
Mr.. Chairman: I regard Il as mere matter (
form, On this or nny other OCCASION to designate
speaker to the Toast just 1nads: tThe Indians Sol
d1e1t-" They hare moro cloqncuslJ thau can 70.
them, spoken for themselves On almost ercry bal
| The point of the bayonet they have preached ser
mons Of patriotic dctot.on 70 their eonntrJ, tha.
will, part Of the history Of tho pes,tous lines
through Sh.sh we ,t haye pissed: hand thetf ns~ea
Chairman, am proud to ray that no 'Statp OF the
Union has Eade for Itself in the gigantic strusglc
iust Terminated proudef. record than Indiana
history Of the world furnishes no parallel 10 the
patrioic devotion Of tho indiana toldieEy. On q