New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-09-23
MIR. GREELEY'S MOVEMENTS.
FROM CINCINNATI TO LOUISVILLE.


natl opened with The scenes Of enthusiasm which
had marked The previous day and night. 1t had been
proposed 10 make the advent Of Mr. Greeley gaia
day and the morning opened with visits from deleRa
tons and committees and receptions and the stee's
were lled with crowds and the air with music Just
before noon Greeley by Mayor DAVIS
Mr. s. f. Coyingon, and Mr.. c. A. Rowland to the Chan-
Der Of Commerce building where he spoke as follows TO
about 800 members who had assembled to hear hm'
A FINANCIAL ADDRESS.
Mr.. PRESIDENT AND GENTLEMEN OF THE
CHAMBER OF COMMERCE; YUu will do me the Jnsucet 10
believe that would not have chosen 10 appear peiore
You as an instructor for will seem to you with re-
gard to matters which You must understand better per
haps than am here because am asked to be mere
and being here propose make to you few sugges-
lions which trust will have practical bearing 1
Gully comprehend that you business men and that
ths is hour and that whatever is said by me-
must at any rate be very Grief To plunge at once men,
into the middle of the subject. am one on 'ic WIZ W
not feel entirely satisfied with the financial and COM
1nrcal condition and prospects Of country real
ize that we have Just secured very abundant harVes
and that these very important elements OF our COIL
nercial prosperity reahze that we nave currency
quite abundant volume and acceptable at par over
the larger portion OF country We nave many eie-
nept Of strength and yet there seem TO be also ele-
ments or portens Of weakness which ought not to be
passed over III silence.
CONCERNING CORNERS
will bear witness that Tor Jle last Two vi
years we have heard more felt more suffered more OF
commercial collapsed might say commercial difficulty
from the operations Of what popularity called
"rnes than ever before in the history Of this or,
think IN the history of any country-corners in wheat
corners oats, in pork great IaughteIJ-eOr
nes IN Sold corners in stock, and and SO on Now
rcntIemen,I am not here to say that this particular
CLIQUE which tried 10 UP prices, that opposite
ciQro which tried 10 force them down, was night OF
wIoDr many instance; am not sufficiently familiar TO
tudg, Wrat say. aud thnk you must believe with me-
is that the exhibitions, these ebultoDs, are symptoms
of financial weakness If not financial disease They
are incidents which likely to occur in perfectly
sound and healthy condition of the commercial business
and the currency Of the country.
Well we get on with them well can, or rather,
we chase one away and another presents Itself and
every now and them in the great commercial center,
where my work has been carried on, there comes SUI
perior corner Kind Of Black Friday something
that threatens general disasters and then appears the
Secretary the Treasury with his horn OF plenty ana
he lets loose something other he either buys stocks
OF sells gold he does both and he puts us at ease
for little time again. Now, 1 not here to decide
tbattba i not the best he can do; don't know about
that but DO insist that the business Of the country
ought not to condition 10 require this continual
application Of something artificial, something let down
from above that there should be state OF Things
wherein business and business interests should take
care OF Themselves and lot require the continual inter
ruption Of some public authority in such dictatOlaI
form Some men svamped when the secretary ap-
pears; other men relieved; perhaps the greatest
good to the greatest numbers accomplished Tor aught
know bu want TO see a state Of things where the Gov
eminent is not continually called upon TO help us out III
reminds me of the of things that existed in my
earlier Days, when every once in while Mr. Nicholas
Bidde was called to Wast in about the same capacity
rs the secretary Of Treasury is now, TO put his
shoulder the wheel and lift US out OF some nire OF
ward of some catastrophe.
REsUMING SPECIE PAYMENT.
think ought 10 be able-that YOU gentlemen
ought 10 be able-tO devise the and means not only
of getting us Of particular corner but OF pre-
venting corners in the future rendering them mposs
ble Or at all events, disastrous to their conriyers.
Now am supposed 10 be Of isms-or what is the
word "a man Of hobbies this subject. Some men
imagine that l a very furious demander OF the lmne
date resumption Of specie payments. My opinion was
years ago aud have reason TO change IT, that
when we had hundred and twenty-five millions OF
money in tie Treasury, manly gold, and when we had
revenue exceeding necessary Ouays OF the Treasury
by more than one hundred millions per annum, we were
then in a condition TO specie payments; that IL
The Government had chosen TO say eve will resume !;
We viii take greenbacks and VIII receive them as
gold" there would have been difficulty in making that
resumption. Under that state of affairs have seen
The Bank OF England resume; have known banks OF
our country TO resume with very much smaller pro
norton OF available assets 10 their liabilities than the
Treasury of the United states had at that me so that
it seemed to be perfectly feasible thing But we
did not resume mainly because the people, mean the
business peope-did want TO resume, and that, In
my judgment is the reason that WILL operate just as We
next year. TWO years, five years hence as 1t operated
then 1t Is my Judgment that we are not likely TO re-
sumo in any near period Of time. Then, say, il we
want to resume We need all the bad then
and we ought TO have husbanded them carefuy but
we were not, you and know were not to resume
for a long time 70 come then it TO a business
policy was required Of the Goyernment-that is to pay
out all it's gold all its treasure beyond fair working
balance reduce the by much stop the interest
and leave the gold and currency in the hands Of the bust
ness men, instead OF boarding up in the Treasury TO
make one Of these perOdca-lthe conclusion of the
tepee was drowned by the applausel But am not a
dogmaUst I do not pretend to present this a
tured ana settled conclusion.
IuE DUTY OF BUSINESS MEN
What do here ask-what ask this Chamber orig
mates an Inquiry and investigation by men OF bust
ness and capital as TO where the proper remedy these
disorders Of which speak is to be found Let us be
calm about it, Let us take time; let us investigate
slowly carefully and the business men Of the coun-
Try come 80 the conclusion the proper remedy, not
for particular disorder to-day, but against the period
zeal recurrence Of disorders This is what would
have the business Of tins country do Look at the
matter as disease not at particular symptom and
determine lust what and where is the remedy. / ven
tnre TO say il the VINO compose chambers Ike THIS
viii aere upon what that remedy is they can have be-
hind g. IL he press the country with scarcely an ex
se,.opp the public sentiment OF the country; and
whatever shall seem 10 them after mature deberation
after careful discussion true for our financial
disorders and dangers win be accepted by the general
judgment Of the country and carried into effect This ia
all gentlemen, and with these few remarks thank you
for your patient attention. tGreat applause.I
conclusion OF the address Mr. Greeley wentlmne