The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-07-18
NATIONAL Po1ITICs.
peeeh OF BoutWell at RaleIgh.

the bloody chasm." The chAsm must be
filled up. It was produced by injustice;
let Il be cemented with Justice. Il cannot
be filled by the denial OF protection to the
native born citizens OF the United States
in North. Carolina, South Carolina and
Texas. he counselled his hearers not TO
be seduced TO the idea that the Democrats
are supporting q Republican for the
Presidency, and said If their candidate
could offer what he cannot offer con.
sistent life In the past,as pledge Of his
policy In the future, even this would be
without value in the presence ol the fact
that nearly all his supporters are from the
Democratic party. In nature Of things,
the bloody ohssm. cannot be filed until an
affixed majority Of the South accent the
doctrine, not only that men are equal
before the law, but that all men by right
are equal before the law. If bitterness
once existed It has passed away; an &C.
count OF justice only remains to DO done;
the country waits for the evidence that
you heartily and cheerfully accord the
full rights Of citizens under the constitu.
tion, TO al within your borders. Give
this evidence. and the bloody chasm Is
cleared. Boutwell, presented at length
the financial policy Of Gen. Grants ad.
ministration, and claimed that none more
than the President will strive to make
the Union whatit ought 70 be, a general
government, strong enough TO maintain
Its own existence against oil enemies, for.
eign or domestic; strong enough 10 pre-.
tect the rights OF Its citizens, at home or
abroad; the States with powerful com.
plete sovereignty over all local affairs;
the members Of the Union indissoluble,
and so attractive thatno citizen shall here.
after consider whether his duty TO his
State or his country Is supreme.
Mr. Boutwell, said the financial policy
OF Grants administration was, first TO Sc.
cure q faithful collection. Of the public
revenues; second, a reduction Of the pub
lie expenditures; third, to re.establish
public credit and reduce the interest &C.
count; fourth, to reduce taxation and
finally prepare the way for q resumption
ol specie payments at the earliest mo-
ment consistent with the prosperity ofthe
country.
He attributed much of the fraud on
the revenues to a laxity Of Johnson's ad.
ministration and his indisposition to en-.
force the laws. In consequence Of q
conflict between Democratic President
and a Republican Senate dishonest men
were more successful in obtaining office,
as they only could resort to such means
as would make themselves favorable 10
BOTH. Now, continued Mr.. Boutwell,, if
you contemplate electing Greeley
you must contemplate in view Of the fsct
that the Senate, whatever may be the
present opinion Of the country, will be Re.
publican for the next two years, and with
almost equal certainty for the next four
years. You must contemplate, therefore
a return of the state ol things, which ex.
listed during Johnson's administration.
You will secure the retention of dishonest
men in Office, and the appointment Of
dishonest men to Office by processes
which do not admit Of control. The
administration OF General Grant has
given TO the country the benefit OF o
common purpose in all the departments
Of the government, and that common
purpose wss in the collection Of revenue,
and this result has been secured. r.Bout-
well continued: It is ascertained by O
careful comparison that If the average
rates of taxation during the last three
years OF Johnsops administration
had been continued and extended
over the first three years of Grants the
receipts into the treasury would have
been greater than they were by $2SS, ,S00,-
600. So 1t appears that with the same
facilities for revenue tax that were employ
ed by Johnson's administration the total
payments on the public debt during the
first three years Of Grants would have
amounted TO about $500, 900, 900, and that
the payments towards the public debt on
the 30th Of June, 1873, would have reach.
ed the enormous sum Of $05S, 000, 600.
This shows at once the reduction Of
taxes that has been effected by Grants
administration, and the immense losses
by fraud and corruption under johnson,
due largely to the division Of sentiment
and purpose between the Senate and the
Executive. Mr.. Boutwell, expressed be.
lief in the practicability Of continuing the
redemption Of Outstanding 6 per cent bonds
and the issue Of 5, Al and per cents, and
said that il must be accepted as q truth for
this country in its present condition that
the resumption Of specie payments will
not be due directly to any measure Of
legislation, nor can 1t be forcibly main
tanned by any act Of the Government It
must be q natural result Of the existing
condition Of things which would enable
the Government 70 resume specie pay
ments without affecting violently or pre-
| judicially the great interests of the coun-
try. The further equalization of the value
Of coin and currency will depend on the
increase Of the business Of the country,
the amount Of our exports and value OF
the foreign trade Of the United States car.
ried on in American vessels. There is but
one measure Of legislation, except such as
foster the business interests Of the country,
can fssilitate and hasten the resumption Of
specie payments, and that Is a reduction
by the force Of law OF the value OF paper
money now in circulation. This policy
the country has not been prepared TO &C.
cept, nor am I prepared to advocate the
adoption Of measure which, unless very
gradual in It's operation, would produce
great injury TO business, and in the end
cost more than the value Of the result
produced. The growth Of the country,
under a wise administration Of affairs,
will soon enable the government 10 re.
sumo specie payments without violence or
injury TO any. For three years Greeley,
through the columns OF the Tribune,
has advised the Secretary Of the Treasu.
~ TO sell the gold in the treasury and ap-
ply the proceeds TO the payment Of the
public debt, thus saving the interest, and
then resume specie payments; or
rather these two bits of advice have been
frequently and interchangably presented
without at any time stating which in his
Judgment Is entitled toprecednce in the
order Of events, but 1t can very well be
understood that the sale OF the gold in the
Treasury, whether for the payment Of the