The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1869-04-16
Sprague's Latest Speech In The Sen
ate

In the senate, en- Saturday last, Mr..
Sprague spoke As follows; "Mr. Presi-
dent Il rise to "a personal explanation
The people OF the United States will not
susi cad their Judgment On newspaper ar
tlcicS bearing on me, 10 my dlsadv vantage.
The telegra phlc summary of my speech,
as well as th4 report in the Globe, has
some material errors, They may be as.nr
ed that my words and courage do not rest
on wine, or whisky, any other stimu liant,
but upon knowledge OF the shrinkage of
property, and the loss Of virtue going on
around me- My great anxiety is to effec,
cure now. The remedy is now accessi>
bic year hence it may be beyond our
reach My leading idea is to correct a CON
dltion of things Of which the following is
perhaps an aggravated case, but it is SUBJ
stantial Illustration of the condition
throughout the country: A uan in Wash
lngton has $40, 600 loaned cut in sums Of
$50 to the poor,at 10 per cent. per month,
and secured by chattcl mortgage. When
the victim is exhausted, demand for pay
ment Is made, and IN default of payment
the properly Is sold tor one fourth or one
hall It's value The plan TO correct this is
| to place within the reach ot every NAN Of
energy and Industry, capita! at a low rate
ct Interest, upon which he eau labor aid
ulake profits. THIS is the one [ have in
view, aud Is substantially the one IN use 10
England, Belg iuiu, Holland and France,
the most prosperous states OF modern
times; and to exclude the plan We have
adopted, which Is hes. exhibited by states
like Spain, Mexico, and the South Amer.
can States | Gail your attention to i state
IN the American union (kentucky) which
has adopted Il system similar to that have
| advocated. Kentucky 1t may be remem
| hered, Is the most prosperous farming state
in the country. The general purpose is to
restore to the market, for the use of the
| people, all the capital IN the country, in
contradistinctlon to the method now in use
of keeping the same out OF the reach OF
the people, and in localized and centralized
situations This is to be effected by the
treasury Of the United States, which is to
! be first made strong III means, aud then use
that strength on the market TO unlock and
distribute the boarded capital. The pres
than when the rebels fixed on Sumpter and
moved on Washington. l utter nc
words that are not deeply considered.
prior 10 attacks on me. | wage war on
erci.ed 10y this body, and on the disastrous
! results OF Its ac,lon. IL there Is auyona
! here IN elsewhere who attacks me, l shall
j move on the enemy works to the best OF
my ability. Following out this idea,
shall undoubtedly antagoniZe myself to
those who are tavorites with the people,
as was the case III my last remarks before
the senate, and on which some part OF the
press has comuIeI ted adversely. But let ii
be SO will not longer sit and hear incor
rect statements concerning our condition
our drifting condltIon-come from whence
they may. 10 cure ali evil we must know
its character anu not mistake it. Let thos,
who think am crazed study as | have
done for three years past let them exam
lne without prejudice, patiently, as | have
done, into our exact situation. Ask these
around me If there be any substantial diff
erence between the Oplnlona | now avov
aud those | nave heretofore Indicated. 81,
/ present work Is to show the plan thai vii
remedy our evils. This will tax, time ant
investigation. 1t is clear as the noonda,
sun TO my mind but to prove logical,
and with satisfactory reasons is the work Il
he accomplished now. The deman,
for my several speeches viii be spcedli.
net L nave had no one, nor have l nae
time, TO write word In answer to the mui
tltude OF letters [ have received, but
shall send NY speeches into every city ant
town IN the country, and on them
stand.