The New York herald., 1869-09-29
CiTY POLITICS.

Congressman Cox Before the Ninth Ward Dem.
Ocratic Club-Secretary Roltwell Charged
with Aiding the Wall Street Gamblers.
In response to an invitation extended to him, Con-
gresham g. 8. Cox addressed the club last evening
at their headquarters No. SOL Huqson street.
After returning them his thanks for the honor
they haa conferred on him, and for the warm man.
ner in which they had received him after his soohrh
in Europe during the summer, he said he did not
come before them that night to make q speech
but merely to talk to them in q conysssssa.
tlona! manner. He desired, as faaf Is in him
lay, physically, Is well as otherwise, to do
his whole duty towards the American people.
He Gould not speak to them that evening at any
length IN relation to what he had seen abroad.
Things were now, however, go pressing m this coun-
try-our financial and other matters had come to such
perlous crisis-that it was almost impossible for
aman TO speak OF anything else and still less lmpOs-
sble for man who loved his country and advocated
the rights of the working people, who were after
ALL the real steadfast people Of the country TO keep
away from pohtics. so he had almost leaped hl
media res into our politics before he had had
his trunks fairly unpacked from the old world.
owing to events which he need not rehearse
we have to-day population OF 100000 Of people
personal wealth; and all that wealth. all that great
body OF people we're subject TO the fluctuations OF
few miserable gold gamblers down there in one
OF city. We had this large amount Of wealth,
and every day nay many times every day. every hour
o pendulum at work In that gold business
that it put in peril oil that immense
value OF our country. No remedy was
proposed for this. The party in power, who
made that state OF things were not doctors enough
to the disease. The reason was simply thls:-
That they had departed from the constitution, as
they had done all through the war as military
necessity. They proclaimed In Congress that it
war necessity to abrogate the constitution and
| issue q lot Eredeemabe paper money, ana made
tnat do for times OF war as wen as for times OF
| peace. AS far as he or they were concerned they
did not whether the bulls ate the bears or the
| bears the bulls. Let the dogs worry each other.
When Boutwell,, as he did last week, undertook
to help the bulls to push up gold under promise
| hold back his reserves then there was some little
| speculation, and when some men who helped Gen.
| eral Grant in some way or other asked him to play
| bear In the Wall street market, then was some
other little game to play. All this state OF things
sprung from the government we have now and fronl
| which we had two currencies which varied every
| day-aii depending on the PASSIONS the rumors,
the thousand little things which occurred
every day Just ike the Bourse In
| Paris. II rumor came that Napoleon was sick
down came the stocks in the Bourse and II our gov
| eminent got sick at washington the same sort o
! transaction took place precisely. The speaker then
went 10 depict the various evils which the party
| In power had brought to the country and wound uI
by advocating the speedy return TO the Jenersonian
the Madisonan or the Jacksonan principles Of hard
bullion and hard money