New-York tribune., 1869-06-09
SENATOR SPRAGUE At NETARK.
THE CoUNTRY's DANGER-THE SENATOR'S REMEDY
"A FINANCIAL PAEACEA.

THE COUNTRY DANGER-THE SENATOR'S REMEDY
A FINANCIAL PAEACEA.
Senator Sprague of Rhode Island delivered
an address yesterday afternoon in Tivo Park at the
pic mic Of the Harness Makers Association OF Newark
1t very brief in consequence Of the damp and un.
favorable weather. but the 1900 men, and chill
dren who made pretence Of listening to IL did not seem
10 find 10 instructive even amusing The applause was
spasmodc and uncertain and the speakers gloomy views
son. He evidently full OF earnesness. and faith
himself but intelligent men will hardly admit the value
OF his discovery until he sets forth its advantages
what more clearly than he succeeded IN doing Yesterday
The subjoned condensed report represents the latest
views ana pretens0ns OF the errac Senator from Rhode
SPEECH OF SENATOR sPRAGrE.
GENTLEMEN: All are interested in the discovery which
have made touching the general interests of individuals
OF the nation at large thank you all in the midst Of
this pleasant scene and OF your enjoyment that have
great principles which have heretofore announced
in my judgment embraced in the speeches which have
made, and point them all those who would criticse
and ask What the great discovery aud the great idea
That de is the safety Of the nation In cities men, be-
cause they are prosperous Will say there Is
such ruin Threatening the country as / say there
is but it because OF the unequal prosperity OF
country that am here Where prosperity is apparent.
men and women inclined TO doubt that there is
want of prosperity elsewhere; but because OF my
perience and Investigations and travels throughout this
country have determined that there is not general
prosperity, and that from step to another this
country loosng s best trades and Institutions and its
greatest berties The commerce OF the country, once
the pride Of every American citizen is now gone OF
rapidly going. The those who have been
prosperousy employed IN raising WOOL are being aO'
sorbed by other countries And when, step by step,
saerifeed I ask how soon viii it be before
your turn comes, 1t is the want OF balance in the
and second, mOnopOlizng power IN the Government;
and in consequence Of this want Of corrective influence
among them which will in the end subyert their institu
tons, their liberties, and their country Applause
When, therefore, that idea Is impressed upon my
9f apt OF Spd the i pTncPe that Iave discovered
hat
may not, my friends. be anxious for the futuref Ap
pia1se And is 1t not my duty, regardless Of personal
operating To their disadvantage ana ruin aud 10 the
covered that in consequence Of the OF this balance
power in the interests OF the people, Spain has been
Tor centuries aud when that Mexico in consequence
know that such will be the late OF the American people
YOu here assembled !--unlcss you rise In your
might and demand different condition Of things
applauscli demand ilat the lnGquahly Whleh mas eA
istcd between and France, England, and Germany,
exist no longer; and demand OF those who manage
affars Intelligent administration OF them, or We Wl
OF this Government II 1t continues IN TINS course
stapd @ b ses bsaee a Established for 100 Years aud that
owe their TO this cause You, my friends nnd all
Of protection But let tell you that II the nation Itself
is without balance adyenturers and spectators are
constantly working upon the pe9pe, you canoo W
yourselves YOu have been Induced into the DeIeI ahd
properly that the tarf was necessary fer the pro-
motion Of your various Industries as an onset 70 Tue
monopoly of foreign capitalists, ana II was once neccs
today afn, growing out OF tue
ties between this country and the Others has become
dead letter 10 many OF the Interests which have
hitherto employed people. Your industries are de
stroycd from Your inability 10 protect and strengthen
them NV idea is that neither in tariffs nor IN free
trade can YOU protect Your Industry IL can only De done
nv measures for producing and procuring money as
easily be produced and procured III other coun-
fries Capital costs In our production seven 10 eght
times what is paid by the producer on the Continent.
Tie cause OF tins i capital is massed Capital Is the
essential element in all our productions by the opera
ton Of treasury surplus and surplus receipts the gen.
crl market the massug Of capital VIII be done away
with speculation will to he profitable aud capital
will seek natural and productive Investments sta
/ hilftv 10 the market and 10 society viii follow.
with sucb a policy aud with the immense resources and
stmulated energies Of people, you VIII succeed IN
drawing from other countries their best elements OF sue
cess poca and social and will be able to give law TO
tbe world This nation in its dealings with foreign cOun-
tries has always occupied weak and nsubstanal POSI-
conutry itself except when the people IN great crises,
as I'M the war just past. rouse themselves for special
uurpose Otherwise you are ia perfectly weak ana de-
| ieuceless position and IN presenting your claims
/ against other countries you have been cheated out
1 M your lust rights. 1t is in gcOnsequence
~ vor appaTent weakness known to the people of the
continent Of Europe that they have imposed upon you
in VOur istresses not here 10 make war on Great
/ Rritai-I am not here 10 make war on anybody. an
here for the purpose OF giving strength and prosperity to
vOur Industries appause; 10 point out 10 you the true
yyav and the true cause Of your waning prosperity.
T6at Is my purpOse-that is my object do not desire
10 possess capta but desire II for the uses OF tho
neole desire that IL may be used upon more secure
and foundation and that II may become the servant
| OF the people, and be protected as such.
/