New-York tribune., 1868-10-23


Quoting business ,S do not require this form Of credit
deem worth While to issue notes for Circulation We
now see that at certain seasons of the they send
is not needed for these purposes. it Is ac-
cumuated in vast In the cities OF NewYork. BOs
ton and Philadelphia, where, as 10 is not wanted
for regular business purposes II said 20 promote
healthy and demoralzing specuations II we turn our
attention 70 the agricultural States OF the West we find
that they do need currency In their business transactions
and that they suffer great evils and losses from the want
for the health and comfort Of our people that the wheat
ke not only TO feed our own people but by It's sale in
foreign lands TO pay the interest on our debt and for the
financial necessity Of country to do this The best
commercial paper is that which is made for this object
has not only aeeeptOr at the East but is fortified
by bill Of sale of the very property which is bought
paper made purposes essential and neritoous,
amply secured and having aboutit every feature which
credit command the mOnsrous interest of 10
or u per cent? This s very grave question affecting
the welfare OF every citizen of our land There is great
wrong here at the very basis OF the business prosperity
and personal comfort OF the citizens OF these United
states When the Western dealer in produce
kee, Toledo, or other commercial Senters
SI me c9 ana Of dre 70 S the currency
TO buy the wheat beef pork or wool OF the western
objects that il ruinous unjust he is told that the
banker do no better that he has no currency OF DIS
volume authorized by Congress has been taken up mainly
in the Eastern States; that IN order 10 get
this currency he he banke must so TO the East ana
borrow II and must pay an interest for its use and then
he charge all that interest and another interest as
mud that must pay bankers. Is right
that Rhode Island, or Massachusetts, or New-York
should have the share OF currency when belongs 10
Western Statesi Are not all the citizens
States g interest," upoa the cSrrccy Which Tsha be-
longs TO us IL must pay you, the banker OF the west
ought TO pay but onehaf OF that amount must take
out Of the price which pay 10 the farmer In his pro-
a9Se NOW h0% al lss Is .tue ana mere s,g Sa sa,e
jealousy Of the creditor states ana sense Of injury
which harms the national credit This unwise distrbu-
on OF the currency lies at the foundation of much OF the
feeling In certain sections OF country against the
the papers Chicago and other Western cities that the
grain market is checked for the want Of that currency
is the former paid lower price for his
produce. but the carriers upon our lakes
and foreign, injured by this lack Of foresight
on the part of our rulers Nppausel But The eyil does
the agricultural products In the markets OF the East and
Volumes in the cities ef aud Boston during the
Winter months Those who hold are impatient TO have 1t
purposes that end in those wild and demoalzng specua
morals and destroy the habits OF industry which
can alone make people truly prosperous
unfrequently it s used again to buy up the bre
pork flour and grain In the homes of Eastern holders and
Ia the warehouses Of our commercial ctes aud 10 pat
up their prices against the aoolng poor the tong me
chanic and the eunsumer Of the East IN THIS way too
checking The exporiation abroad. and destroying the
Of our land Cheers Now, with wise states
manship under this same National banking system care
had been used TO place this capital where IL
needed, the share which would nave been
given to the Western States would never have
remained idle or have been employed for hurtiul pur,
pOscs There would always have been for the capital
there, which would have promoted prosperity and ad
vanced the heay enterprise OF great and growing com
St no care taken 10 revive their 80 that ITS
people might aid In advancing the prosperity OF our land
IL for interest well theirs that their pursns
,RSqd ,Rs & again ePSr 9S "iSo e'perSHs .buon n% Of
currency Is curslng our business with enormous
interest lessons the prices which the farmer gets
produce, INJURIES harms bOtu
foreign domestic commerce. This great hagraut nen-
evil should have been corrected but t has not even
received attention of tho party In yower ehees
other great wrongs to which wll brieny al
easiOns We say that taxation should be equai upon
every species Of property 70 ls rSs value s ane
luton due 10 the labor OF the nation that axeOn
should 10 equaized. With this declaration upon Their
lips, Will they tell us why they made ~ Unequal. Mlu
they tell us why for four years. they have allowed TINS
How can We believe that they what they They
charge upon that We are In favor ofrepudato nave
10 deal with the public credOrf We have said when io
agreement was. that he should be paid In gold 10
sould have g. and when the contract did not detno In
what he should be paid he should be given money as
good that which we for the sacred purpose OF pay
ng our pensioners and rowardug the toll Of tho abOrtr
We have sought 10 place the claims OF the puDc cretCr
among the sacred things OF nations faith ChecrnJ We
have tried maintain policy OF security which should
make his debt sure and OF wisdom which should put the
nations credit so high IN the markets OF the world that
the public creditor, the public pensloDer, aud he who
tolls the public good IN the WORKSHOP or IN tue neu,
sbo1ld Ali he paid in a currency made good by wise
and honorable condne, Of pubic affair." lAppiaufel.
Goyerpor seymour next went on 20 say that II the
Democratic party succeeded at this election II could
OF iself make amend the laws 10 would only DO
able hold the violent leaders Of the Republican party
M check; 10 could do revolutionary acts 30 lar AS
actual power Is concerned. Democratic President wonld
stand In position held by Andrew Johnson HIS
vigorous nature his bold and resOutc defence OF cons
tutiOnal rights, his able assertions OF the true prlf'
ciples Of government have not saved him. even,
fron the violence OF those opposed TO him. much less
has able to nauguratc any invasive measures or
apy acts calculsted disturb tho public peace Our
hone is in this election, put into the Executive oces
those could the tide Of cOrTuptioD those WHO
from further injuries the system OF cobe
from legislative wrOngs We feel, TOO. that our success
would be rebuke by the American people OF measures
which have condemned ne strongly by many leading
Republicans aud Republican presses as Dy ourselves III
te candidates ticket shOud be elected ana II they
should prove capable, honest and true " ther trusts NJ
further and make "a Democratic House Of Represehta
tiyes In due time the character OF inc benaie eoun
ha changed; and / believe the day Is at hhliu
when the dgments and votes VI the American people
viii restore again TO power that tnebOnored party
nnder whose influence country made great ahd
ieuty none could endanger the public peace DuI tHey
would all tend In the end TO promote the welfare anu
pfosperity OF these United States.
The meeting was next addressed by the Hon. FRANCIS
Herman. At least 10000 people were In anu around INC
rink during the delivery OF Gov SeymOuTs ADDRESS
FUTURE MOVEMENTS OF GOV. SEYMOUR.
BUFFALO, Oct. 22-Gov. Seymour, accom-
Herman and A. sche will take the train AT ll20. on Fri.
day morning aud DO at Cleveland In the evening. at
Chicago on Saturday evening at Indianapolis on Monday
evening aud Columbus, Ohio, Tuesday evening, at
PittsbuTgh Wednesday evening and ut Philadelphia on
Friday evening.