The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-09

large as that or the Governor Of the State
OF New York and more than half as large
city Law Departments costs more than the Law De-
partment Of the federal government And We have
and confusion that the attention tires and the hand
grows weary In meeting the demands for their sup
port Does not therefore astonish You, gentlemeh
that any connected with this city administration
would venture to talk upon the subject OF economy
The Senator complimented the State nominees and
OF the had already been lessened BY one-fourh.
II was the judgment OF the fathers Of the republic
tnat Il was against public policy to allow States and
The democratic party has mourned long over the
Idea that the bondhoder Is a bloated parsonage II
true would be bad enough for the bOndhOlder, for
any sort OF morbid imitation is bad. And between
the bondhoder and the ploughoder there is as they
TO know ploughoiders who are themselves bond
holders, and, II mistake not the American farmer
as well able to hold bonds and protect his rights
as III any OF these gentlemen who seek to be their
champions. And II 10 especially noticeable that the
great majorities rolled up by the republican party
are obtained among the plougholders themselves as
the democrats are fond OF calling the farmer
ASIDE from the fact that large share OF
bono bonds 9, are in the hands Of the industrial
part OF our population, no portion OF the American
people IL so much interested in maintaining the in
tegrty OF the contract between the government and
the Dondholder as the ters OF the sou and the la
boring classes. The mechanic too In this country
generally owns his house. To save himself from loss
ny nre loss ne could III AFFORD, he usually insures
~. Inc insurance company in turn must invest It's
capital ana us surplus earnings In some good secu
rlty. Inc public stocks oiier the most convenient
and, until recently have been held to be the safest
investment. The fire companies insurn9 in this
state alone have invested not less than twenty five
millions OF dollars in United States securities. perhans
a million more has been invested ia United states
stocks by companies that insure against railroad and
otner casualties. And we find that including nre
lie ana marine insurance the Whole sum that
would be anected by the reputation OF government
contracts would be about five billions OF dollars
Which re svsr N part ior THIS vast aggregate IN
lion dollars in government bonds.
Ihen, there Is life insurance. To whom IL this
form OF insurance great boon as to the mechanic
and laboring man, whose daily wages are absorbed
N rearing family. More than four hundred thou
sand life policies are in force in State represent
ing upwards OF billion dollars in risks and nearly
TWENTY-FIVE millions Of their assets invested in
United States bonds: When therefore, you strike
down the government credit you infict cruel wrong
upon hundreds Of thousands OF women and children
There are In our State ore hundred and one saw.
IN United States bonds and three others hold bonds
as collateral for loans. Tho remaining companies
are mostly the smaller OF newer ones: The par
eighty eight savings banks, on the first Of July last
was was about nisyaye million dollars and the amount
sssS a as4s Srnsa q y vast :SSs
banks Of this city aud Brooklyn not less than forsy
seven millions, belonging to over four hundred
apiece surely q these sre not Less soa asa
bondhoders nor bloated depostors. Shall we
encourage economy and THRIFT by protecting the
government security and thereby making secure the
savings bank.depositOra Or shall disaster, in the
shape Of Mr. Pendletons scheme Of innation incor.
bvertake individuals not only, but savings banks,
insurance compaRes and all surplus savings Of the
W Sd pass yce Eor without saR n
industrious and frugal, without increasing the cost
OF every loaf Of bread, every pound Of meat every
ii conclusion Mr. Morgan said the democratic
party would pc defeated In the coming election be-
cause q it, LACK OF during the oiy war
he would have shared the fate OF the party. In
General Grapt the country would have calm,
firmly discharge the duties OF the Presidential office
In strict justice and impartiay TO all the people.
sa,o,o. 4 ndsuns S OF SENATOR coNKLIS9.
troduced as the next speaker and In powerful and
analytical as well as eloquent and humorous speech
discussed the issues Of the campagn-the ques.
tons OF finance and reconstruction, commencing |
with recapitulation Of ths causes which led to |
The war, and the conferences which led II TO |
triumphant close for the Union party. lie sketched
In vein OF sarcastic humor the career and policy OF
lion. He claimed that as the questions Of nnance
sSS SY ~ hs were united IN
ment Of washington Sc placed ' in the Stands hands
which IN peace and in war strove 70 pre-
stryen to destroy il! That was the ead:a. tbs Deail
SorouaSy Without brutality, without slseSOod q
pSls9nG detrscton and without abuse Of the candi-
lates and WITHOUT reference 70 the advancement Of
private ends Referring to the S:::::s!4stes Qi me
5pposi. earties he ssid be thoughtlthey had a the
ability and health and stfength and the disposition
and to carry out the measures OF their respective
parties and to attempt to disparage the candidates
was only 70 Dsl!.s the canvass He then
who in the South were foremost In secession, and |
General Rosecrans' expression TO |
and love for the country and the constitution |
as an insult to the American people, living |
and dead; and that same General Lee, who was
Christian nation under heaven, ana survived to-day |
0 living monument OF the mercy and magnanimity |
tiles were now acting In conjunction with the demo-
cratic party and trying to undo the work OF victory.
They acted in practical sympathy with treason, and
In the light In which 1t must be regarded. The demo-
cratic national platform he considered as having de-
e na. parry IN nne Candidates or
before the nominees were declared IL meant prin-
cipslly and Enthusiastically, II not direct rcpndia-
ION OF the public debt at least to accomplish the
same end by circumocutory method-viz., by an |
excessive Imitation or increase OF the govern |
would render them worthless And yet this same
democratic party, whose extravagant and reckless |
ena SOas on Inc
upon people living under republican admnistra-
ton, and continually declaring against the expendi-
lures by the Union party necessary TO restore the
country to the condition it occupied before the war.
They charged not only wasteiul expenditure, but
gross corruption OF the most unfounded nature and
sought TO establish belief In the public mind that
the outlay by the government and the taxes IL im-
posed upon the people to restore the country were all
nee,lessly large that they were double the amount
at which the olicial returns actually represent
them.
AT the close OF Mr.. Conkling's address, which was
applauded during Its deivry the entire
audience rose to their feet and cheeredmost enthusi
asticay amid the waving OF hats and fandkerchiefs.
The meeting adjourned at haii-past en O'CLOCK.
THE MOZART DEMOCRACY AGAIN IN TIE