The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-31
THE FINANCES.
HoratIO seymour at the Academy OF
Music.

SNJ NAS 1NNNN-~NNS ~
The Academy was crowded from parquette
TO dome, last evening, with ladies and gen
Oemen, to hear the address on the 6nauces Of the
country. The speaker was introduced by Hon.
William A. Wallace, the Chairman of the State
Democratic Executive Committee. He spoke
substantially as follows:-
Citizens OF Phladelpni reached your city
after q long journey over the great y ates or the
West, aud after having traversed The western
portion of your own great State. have seen
much of all that goes TO maze up the material
Interests Of our country. | have traversed the
valleys OF New York, have passed over the great
plains OF the West and coming from these
fertile regions yesterday, for the first time
saw the mineral regions OF PENNSYLVANIA. No
man could traverse this farming country with
out feeling anew in his heart an Admiration for
this our glorious land, and no man can fail to
find in his own heart a new desire to serve 1t in
any way within his power. As marked the
resources OF our coun ry, as ! studied its in
dusillal pursuits, found that the basis of pros
petity Of our country was the difuset prosperity
all over the land. II IS for US to see our com
merce promoted and good order sustained
throughout the laud, aud 1t Us our duty 10
see that those whom we have entrusted
with power wisely c'nduct the affairs OF
this great conntry. Toe great questions OF
desire to do that which would be Tor the good
OF our land aud in doing this politics should be
escheGed. -Four years ago spoke to the people
of this city upon the questions then involved in
a Presidential election. Then war RACED, the
sword was doing It's sharp work, and men were
dying for the flag OF the Union. Tue question
then was, Snould the Rebellion be brought to
close by force, and tnaJ alone? | then ventured
to say that the policy OF the Republican party
would not only hinder the progress of the war
but would, in the future, hiuder us in
making our Union what it was in its early
days. But the Amercn people pronounced
a different verdict. What has been the re
I suit of four years. rule? The war ceased
three years ago, but our Union is not re-
stored; our Industry has not, been brought
back to its old channels; and never in any
other period in the history OF our land have
business men been so perpeXed with regard TO
their affairs. Disorder prevails in some portions
Of our land apd distress IS known IN another
We do not find the condition CT things that ex-
listed before the unhappy Rebellion. Now, why
have our Republican iiIeuds ialod? Why is it
that cur Uuion Is not restored? Why is it that
the business man does not go forward with con-
6dtnce in his enterprises? Simply for this
reasons: AT an early period OF the war the men
in power adopted measures which were very
tar-reacbl1g IN thelr consequences. Durng tnat
war we of the Democratic party gave them
generous support in many OF their measures.
and many of us in Official position rendered
them geDPrnussup ia the conduct of the
war; Certain il is that it was carried on in au
eXtravagant aud wasteful manner. Think that
the present condition OF our country nearly
to-day is the honor of our country held in such
low regard IN the markets of Europe?
, Why is it that il you would go to
that selfish aud imparua! trio1nat-the
moneyed markets of the world and offer your
bonds, you can receive no more for them than
for the securities of the TurN Surely our
country does not lack resources. After eight
years. rule of the Republican party, why is it
that we bud the Cre0it of our country byworl
in the financial markets OF the country? This
was not so once. The day was that the securi-
ties OF our nation were sought alter eagerly IN
Europe. He then considered the cOuse Iuences
of this discrcdit to the industry of our country,
and said that the day was when young man
wished to go into business that men could be
found who would give him assistance, but now
the Government says Don't lend money at
six or seven per cent, when we have 10 pay ten
and twelve per cent" Now we find the enter
prise of our country checked; and why isit, with
the vast resouroee OF this on@niry, thai the
Republican party has sigualy tailed IN the
conduct OF the finances OF the land? 1t Is un'
Justly charged that the national obligations rest
more hghtly upon the Democrats than the
RPoublic9ns. From the foundation OF our
Government up to 1850, period of more than
seventy years, this GO7ernm nment only spent seven.
teen hundred millions of dollars, yet during
that time we carried on two foreign wars, pur-
chased an extent of country twice as large as
the original area of the States; we extended tue
limits of our land to the Pacific Ocean. THIS post
ton we owe to the conduct oi that party who, 10
spending seventeen huudred millions OF dollars,
made our country one OF the wonders OF tue
world During four years, from 1860 to 1864, the
Republican party spent three thousand millions
of money. We were told ia 1854 tnat, II VT
allowed force to settle these questions, our Union
should be brought back aud these enormous cX
penses should cease. Now VIII It are the facts
During the tour years of peace up to June
1868, these same men have spent sixteen hun
i dred millions of dollars, which is nearly as
J much as was spent in more than tue seventy
/ years previous. What can they show for these
Immense Expenditures? Has our Union been
restored? Why, in three of the Southern States
1t is crime to exercise the elective trdncnlse
voting Tor the next Presidential ticket, aud one
of these States was the home OF Washington
At the outset of thus Rebellion the Republican
party congratulated the people OF the country
upon the success OF their reconstruction scheme
They have now abandoned that position, anC
have changed front. Yet they tell us that tC
change front In the face of the enemy is a dan
gerous thing. Tney tell that the South II
one scene OF outrage and disorder. There was
in former times great republic, the glory o
which is to this day the admiration OF the worl'
great republic, jealous of Its liberties-whicl
N was able 10y its power to conqler almost tn
N entire world. That republic, military as Il was
was so Jealous OF its liberties that II would no
allow the shadow of a general of its army Il
fall upon the pavements of Its imperial CITY
Yet we have been SO accustomed TO military
despoIism and orders, that they no longer ex
cite any surprise in our minds. Wnile kno Wln
that the reconstruction scheme failed, do no
charge that the Republican party designed II
do wrong, for God forbid that should say OF
J think it desired to injure the welfare OF ol
country, but | do say, following a mistakel
policy, they have brought our country to Ch
j very verge of ruin. The speaker then argue
that the work of reconstruction should hsv
heen carried on in the same spirit that maj ke
the construction OF cur Union. and that we coul
not AFFORD to adopt policy that was wasting on
resources so rapidly and was tapping the Iabo
OF the country He also argued that we shoul
deal with the people OF the South In such
spirit of kindness and generosity as wOull re
--kfDdle love OF Uuion in their breasts