The Plymouth Democrat., 1869-09-16
Mr.. PendletOn's Speech.

IT is unfortunate for the Democracy OF
Ohio that Mr.. Pendleton's lameness will
prevent him from taking an active part IN
the canvass in that State until the CAM
paign shall b. nearly closed. 1t may
prevent him from taking any part in it.
His neighbors, irrespective fparty, called
on him, at his home, on Friday, and he
addressed them, as reported III the Ismes
elsewhere.
His opponent, Governor Hayes, takes
very rosy view of the situation, and is es-
pecially eulogistic of reconstruction, and
is happy over the financial prospect. The
taxpayers and business men OF ONO Know
whether they are oppressed ana emDar-
rassed or not, and Mr.. Pendleton appeais
from the statements of Governor Hayes
to the experience and business condition
of the State.
The market reports and money articles
of the newspapers of Ohio sustain Mr.
PendletOn in saying that trade is languish-
ing: that men dependent upon their labor
for means OfSubSiStCncc are now suffering
more than they have been for several
wears before; that the money market is
stringent, and enterprise is hampered on
account of the stringency. Men who are
struggling with business difficulties will
not be likely to feel as cheerful rs Gov
ernor Hayes does in contemplating the
future.
Mr.. Pendleton proposes a reversal of
Mr. Boutwells whole policy. He would
not only pay the debt in currency, but he
would increase the volume Of currency un-
til it reached an amount equal to what it
was when Secretary McCullOch began his
policy of contraction.
Why should it not be so increased !?
There were not half-doZen Republican
newspapers in the country which did not
assail Mr.. McCulloci and his policy, and
demand that Congress should put a stop to
it. The Chicago Tribune was severe in its
| Genunciations of him, and hearty in its
concentrations of Congress for restrict
| ING the power OF the Secretary over con-
| traction. 1t will not be denied that the
country was greatly injured by his policy.
| Business accommodated itself as it best
| could to the contraction, but suffered in
| consequence of it, and is now suffering
| from it.
There is heavy cotton crop in the
| South, and heavy crops of all kinds in the
| Northern States, bat the farmers are
| pinched, and our merchants are all com
| planning that their sales are light, and that
it is almost impossible for them to make
collections. Within the last three years
thousands of miles of railroad have been
| built III the Western States, and there is
now demand for capital to push new en-
terprises in our Territories and the State.
| lying between the Mississippi and the
Rocky Mountains.
We never have had more money in the
country than would supply the honest de
mands of trade. When it was mos
abundant, the nation increased more rap
idly in wealth than ever before. Our pop
ulation has increased; business has beel
extended; new channels Of enterprise
have been opened, in which large sum
could he safely invcsted-and the vol
ume of currency has been diminished. In
stead of increasing it to meet new wants
created by the extension of business, anC
growth of population, it has been con
tracted.
The question is not whether Mr.. Bout
well has large or small amount of green
backs in the treasury, but whether tn,
f business necessities of the country do no
| demand an increase of the currency Th
i facts above stated are sufficient answe
to this question, and the voters of Obi,
: will show that they esteem them to be SC
| -CIicQg0 Times, September 1871.