, 1869-10-14
SPEECH OF SECRETARY BOUT
WELL IN PHILADELPHIA.
4 hc Financial Policy OF ttlc Attu.i d.
istrnaiom kEcutIIF.ned,


istrHtion kSeMfIIFifseal.
PHILADELPHIA, Oct. ..
Secretary Don't y eli. Of thu TrisuEy, arrived Ia
lh.t c!t, t1.'ay from Washington, as the guest 0I
lhe Lion IeaKnr. ,,n.cr whusn anspioes ne tse-
irrrfd tpetcf ut horticultural Halt night, In
f~hali of lhc Republican candidates f0r Stale Of
uc*rs At the approaching election. Tho hull was
tiehtelT CEowl1esi ~i:h Al audience numbering
.tisras thousands, hm"ns "hn'n were manF
W,itum u. Ic~!. na. ercteh Chairman Of the
ncrftbE. Lie iutfu1ilccd Mt. Dout~ei1 to thc ns-
cr4scd witt loud luanltcstauous NJ snpEaac. Alter
quiet INIT 1ecn rrs,utc0. MI. i}out~e,l ssid:
EEcHEfAkr uoCTwELt* krkkcu.
have mt tshne 1erS fI-ni9ht to ttcet Jau fnT thu
pntpuae VI tnakiuR rAritsan speech, nor tuarvIf
fvCuusr an Election In thM Btate h nrt'lpv. I
country a IN what tnsy nc tinnr hun, IN this ctr
stt III TIL. *'asc af IN nlatbcr HirAs Htass nf thu
CDIUi IN TucasaJ next: oni ~ turn 1t:v ts,ue
~lihonI tt,sr! ,h!cfpuattK wutl HlthcF lor K,*Al
IT evil, We cannni, however, lu lnsrnsltin to twn
Ftrat transformations ihsosmt III sGtl!r degrees. hut
ii thr ron.rs. III which ,nu r1r,israin. Tine t,f
tlcsc considerations ufJr,,tt.lf IL Hh"ihrr nj
RtnfpPi tnian whIfh IN The tncCts*nr Of RH I'll.
il runrrEnrd. haa it*en ihs administration tur
rlGht prrtet!Ira yrnra, shnl new .e rndufsct an.i
u, ,iInrsl hy Tho salrp nt ths great ltx,pn. lap.
ll@u.rt That T. = cos'as1a'atlsa " whca w CAL.
t,tAlL GaAHrs AUGMENTATION n. xSnlnasn7 :
It.fH II smother c1ls.icFatI0n which hui st,Hle-
,ss ses I'LL *.1as y IT, s IT,. t'ss 5 s;tsss ss
~ tas "a xchcT VI the AtfngR!n tor hAtiona cxs.-
rnrr truul conparsttye retirement 10 tf,u cotu-
man' q ~ army St m!l!io.i of ,nea Shoss eon'
ctrstbl itsus, on the testnIutt,h Of the Ruytrn-
Iteht sha!l BE- tndorsett anil insinet " thu e:t,-
re who se 81 hss asrssa ~ NJ! tAGn'1as; "
IL toLF cos1ntFJmcp. Jon chilled htol to the great
m'lllaty ies'ilpn which, he has tnfuesi hy
hn ter''ssA eI hss deviation. oY h's ras.
ctrnlnand nf your Csslztn s0tsletI. II isa matter
Of rome coHseHutnce, not to nh, 90 much, hut 10
yuu, Ia the coantry, 70 thu word to poses.ty. thar
your voice nnd Jour ii'icuIaht.sslll be now. This
tK.catfnp Il not personal to the President ot tue
t'l,ud Statcs; tut l lpa5 say herr, what scutic-
IN The long years Of this nations lit. 1ln has
teen called to she Chief Aaetsttacy hn drought q
rutlc dutses, oF capacity equal 10 my ensEgeucy.
either u war Of ~ ptare. lAppsau]ei Tnis one
tencsally. spd ,hc pthes 10 4otne extent pcE-Ja
ally, are great considerations to sou Auh IN
ftc cotLtry: Tut fhcJ nre Tot ter considerations
hrh hare bToEpht mt III re- tG-LiTst- 1t Is rltntr
rhcE. having s,asee4 through great Struggle ~:
nafFcnal Hfr, Nhen hy the o.cc OF The peupe tha
Declaration Of Independence naa been r.11e lis-
ing iacf. tnal vii men atc rren'ed tqcaata ausel,
When the flag Of the rrput'Elc waves over every
foot oi the territory Of the hutton, whetner nov
::c|cGpe Of thla country AEe 10 fa1iEf IN The A7-
icalon of these Kreat principles nf ta-tice: std
the oo1s fmrursans s1uesfiun remains EAetne7 yua
rcw alst Of The policy ri the rre-lirc and hts all
mfpislraltan as 10 rrndce II cGfuin that s1e oal
ast1on, pecuniary chet'r. AMI ntnera a.warS which
Jon incurred 10 the Struggle for nat!oua! existence
shall be Ealthfr!lt kept iAFpau-e.1
THE FIN tfCIAI QTEsT1cN.
II Is Eot 20 much question whether the 1uhc
den. snsa be sa 4 T. wne.as; faiy m "
right 50 lHtucd in them that thev Ei1t d. rtEbs,
even though II mAy he at their own peril ! u11tt
ne naf a5e n Sff I e R4 II s
lA,d "a acfly in the manner contemplated hS tn
administration, by the men whom {0u have en-
sss pc
stanh tne entire policy Of the administration IN
regard TO the public dtts, fhas it IS 10 be ps!l,
anad eo g M
1nen III receive as the equivalent Of coin. IAp-
planee.1 And thtt bot 70 much ttno1Gh that, IT,
deed, would be sufacient} because Hen have eD-
srps,cd tbctr property 70 thi. COUNTY Pledge
given. hut II cauae It would .ftrclop In forty
nil.,ans q reol:e scen Jssexas;d x r. Of HGns a9d
llc pfl4psf1tr ~ ttnt,er them the ecorn uf the
nations through al ages- Il is not that p'cat for
men mo hase takea your promise. they hare
yourself base ani unworthy Of the character OF
American cl!szensn yo,' enona hesitate 10 DO what
ATe those who go Into an tugltfT 81 to whether the
public crtditars shatt recetye doAat fcs ssosas,
equal 10 the QUIT Of the obligations: there are
tnuse wEo fDEtiInfe The inquiry as to whether rhe
interest alEesas paid Is nos sufficient 10 san7{J the
pubic tGnstnu ant tustfY us Ia compelling bout.
,hn, p'puee hss. tne y, ,ae @ ~
ri.n. Wsu nv fr;nv.,,t.e,s ar snn.a ~ ug. rata
sehea,es and aesas,ons. Tnese Is ba. one Va: TaS
~; q .he :a!l1sully; yoa please , = ea +
ons wsJ, xntl that il The waY which the foaas,
nic1chant rutsucS that Is " meet bis obligations
naI!nay, am 10 1ui"i tnns1 70 roe last cent he
na, c ouEnt 70 "a; at.e eaa IL olnei
lfon!sss q. not osas1Gs terest.Esrsaaacss Lnsed
NY 17essn,y noee H. vel ne ntss aos%eT p
Itesta5! E9tes rs or & Gssseensk. shst Joa issue u
ps5mcht 81 the Bonds. II 90, IN What: Ger:
e,nts - msn,hS m g. ~ ~ cain rhs soGstanston g
not liquidation or tue a!Gtculau. And haze
| th-r Considered, a'Eo how detHTental th.s
esnmenE.. 's7 eseS % to ns those h VIZ i nafocast Il
:na na:nfnin II? Hare they c0nEtdnFefs tsa: rhf
whole hans1nR ss'tein nf the COUNTY, Il l.ass.
GoasIl sta1ss7 Have tneJ, eon.lIsrci that the
isoos Of H. Sa,,"pa st ~. *hen
ssssae. . sse1y !s5e;sT sd = essfy isaltas,eas
nc county Tns nMent Erssul3ck e or
y an over t.tue. Is II the r1eh men sIane WIN sal
isf Or IS u NOT .he roof nIrn nho are finally con-
10 s ~, en r1 s1 ~ a!e mea
|
:ssss .:ae ,'s s'iS
.,,nt; n:!It'"n. 81 a1ersoseks aud taey were CON
in.n; bonds, wha. wonld they do They would 2
INTO tlc market Of the roun1r5 a5d purchase sra
stytsas Sst has lie q.s'i.5 1 oi prosptrna @ 10 i
md The wor.hle.s and ucpres!nt'n1 cuneucJ Q
s Geaasty eoua Ss IL 10 ~ nanaa q thS a
nsstr ~ -, ne.s in.ioas .. 81 S.ossfou, @ ie ssr
~ tst e The, TO- a1g neose, 81 r. eosn
tuaet he honestly paid. lApplau.aJ If theJ Rise
| If thftf voteA tkctr caurlgna1ca u tho 4notrst
,hcory, tia, by aty schere. Or lick, Of p,an, 1ne
can escare the obligation ttat rests on Them. .lc
rsna nRsn y tns Tsishs OF the cst "' f1i YER
T,tx ptuT ptEcrzskn.
Now, gentlemen. !. thi. s.cs 70 largo that III
II i41er la iguscs; It i twuntr t,r Ieop,ani d.,
:4Gn0rc,l mtlons Of taI!arF, ts0 fnou.ausl nh
| huEI'ttd millions irat1nE Interest. But ia1 deb
thr,nt ,en,srr lie as,er,,ot ,t,.t II IL mi
!. IrsE tehf, ia r,pphttInu 10 tic rnuIaIlou ~
cto'r.. sssn ,sc ~. t r, u. Kssoa;on wns
| nn,t nnnr,tiy nnr. fSnni,usc In inr ,rar f:p
the Titled aatcs oxrd Mrens5.ars m,,o,
| thr 11r.nsr,,ns ,,,rr,. - nas ,,ts...s ;, rsuntx
ihr.s r,',nn. ~ w.,r - ,""n mn n.,,,1 h.rj,
more .!.an ,ht,c million. II. nsnfsts. We nss
eouatsr. iui /, rsucaniy xss pos more tian ot!' IT,
lHrtI&o ~ A0ch ~ ~ 1nia 1a1
sntco MlHons OF ,p1aHs .,,a.a aa' an.
pIune,,, ~ usG s,c stnount Of oss or t.t, ihnutan
!sIli.dnA nI dol;tst- tAppIsn%e,} TO uhJ HG ~
5uFiy ntI:cna stfonr. VIC pare aoa'n!nA:e
Wtalth IN NIL country 20 rss 1aan h!ty tM,ns az "a
uiasionA Of .1nl4afA tannAeae.l nuitnG ~, ~
!ersons eight Itat osslre .ns puntE ~e rt+s ss xn
ouctd ifcin rfsn.JIu!tS n!n'u.,s 9,, ~ ~ s
hal'h'ns, feanes1aa .! ~ su9s - t nna - " u.
lnrs ~ r<YlMl .! SET, r * trsana II l.,
60 received aea !s!i5 aescGu n4r -. n,onar
e.cnsss. tApp,aute1 ~ ;hanssna ~ ,niIIsnn \
tloIfafs anu tno oen: o. u1H nv I *. csnsct
tas dses a. iFi. o,t11 .he c,s. ~ tn.nense,1 il
N the y *ni.s r. p9s,a p,t .uS ~ ~ ia,Gr.,sItny.
f!easea y tae ttssoast ~. -. .nn,u r.r,.i..,