The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-15
TELECRAPHC POLITICAL NEWS.



Speech Of John +. Hoffman ut Albany.
ALBANY, N. Y, Oct. IA, 1858.
large democratic meeting was held at Tweddle
Hall tonight. torchlight procession, containing
nom 900 to 10000 people, feature Of the even-
Ing The meeting was presided over by Senator
Banks, OF Albany. John T. Holman was the first
speaker.
Mr.. Holman discussed at length the reconstruc-
ton measures OF Congress and the dangerous ten
denotes Of the radical party. He then discussed the
national finances and produced figures to show
That the expenditures Of the government for the
three years past were nearly large as those from
l7s9t 1851 The speaker criticised the recent speech
OF senator Morgan. at the Cooper Institute In New
YORK, and abiding to the statement that 'the first
issue OF bonds was made at a time when no other
tnan gold standard was known or thought Of"
SAID TINS was an admission that the compact for the
payment OF the bonds made no provision for their
payment except IN the lawful money OF the country,
anu also that neither the Senator nor his friends had
any proper conception OF the financial issues OF the
day. He criticised the Senator's statement that
the loans to the government during the war
came from the patriotic classes and that
the democratic minority were responsible for
the deprecated credit OF the government,
which the speaker charged as the result Of radical
waste and extravaganza. Referring to Senator
Morgan's remark that the people OF New York were
jealous OF the State and national credit Mr. Holf-
man said that Senator Conkling, at the same meet
ing declared that the public securities agree on their
face to pay so many dollars. What does the word
uOlldf mean 7 Ial III mean anything except that
which, in the understanding OF the whole commercial
world 1t signites2 Mr. HOFFMAN thought there
was malice in the question. He then re-
ferred to the suit Of John Wilson against Edwin
ID. Morgan, In which the plaintiff was owner OF a
ship and Morgan consgnee OF the cargo. BY the
terms OF the charter the freight money was 10 be
paid IN gold or silver, in New York, but the legal
tender law having passed after the contract he re-
fused to pay gold and silver dollars which the
tract called for In words and offered to pay in green
backs He went 10 the court and got the judgment
OF the court TO establish what he considered 10 De the
law. Why have read that decision? Not to argue
law questions before you; not TO assume the pro-
vince OF counsel before the court but to show you
how much sincerity there Is In the leading men of
this radical party VINO stand up before the
and charge upon me and the demo-
cratic party that we intend 20 repudiate con-
tract, when one of them himself secured judg-
ment Of q court for his own purpose, under his own
contract that paper dollar was just as good as a
gold dollar; and that a contract which called for
payment in gold silver dollars could be satisfied
by paper which was contracted in paper, unless
there Is something in the bond or the law TO specify
some other kind OF money. l wonder II Senator
Conklng, in the light OF that decision, knows what
o dollar Is now? (Laughter.) wonder If Senator
Morgan has found out what o gold or silver dollar
is YETI
Mr.. Holman closed with rapid discussion OF the
progress OF the radical party in 0verthrowing the
constitution and the executive and judicial powers
of the nation. He was followed by A. J. Fellows
OF Arkansas.
A large outside meeting was addressed by George
w. Miller, of Rochester, and A. J. Parker, Jr., Of
Albany.