The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1872-10-05

AT ENDEANAPOH.Es.
SPEECH OF HON. d. W. VOORHEES, on INTRO
DUcINg MR. GREELEY.
Mr., Greeley was introduced to the vast
audience in the State-house yard tonight
py Hon. Daniel. W VOORHEES,, as follows:
Mr. FELLOW CITIZENS:
The honor of introducing the distinguish
ed guest Tonight has been assigned 10 me.
1t is well known, my friends. that when this
great movement commenced my relations
10 lt were not what they are now | COM
piled, however, with the behcsts Of my par
~ when tire exponent OF our principles,
who is here ton ght, was placed ia nominal
ton. Since that time my Judgment. my
heart and my mind has become thoroughly
impregnated with the belief that. We are en-
gagged in the great movement tor the re-
demptioH and benefit of our country. The
gentleman who is here tonight as your
candidate has commended himself in
large degree to our support and our conf
dencc. by his public uttersuces both in let
ter and speech. The speeches which he has
been delivering on his present tour will be
among the few specimens Of political Ii err
ature preserved for the admiration O futCre
ages. | do not hesitate To say in your pres
ence, and before the whole country, that for
purity of sentiment, elevation of thought,
integrity of purpose, broad philanthropy.
lofty beneVOience, and elevated statesm3u-
slip the speeches that Horace Greeley has
delivered OF his present tour through the
West have no equal, no parallel in Ameri-
can history, in the politics OF our country.
Great applause.
If had never been for him before would
be for him Tonight. (Cheers.l His cleo
ton signifies peace and reconciliation; sig
miles loYe among the sections where hate
has prevailed signifies purity in every de-
partment of the Government. ! stood forth
once to oppose this movement, but bowed to
it when my party decided to embrace it.
To night 1 go further. Tonight | embrace
with all my heart, with al my mind, with
all my strength, as tending to the purifica-
ton, the redemption OF our Whole country,
North and South, everywhere. Loud APP
plause. This spectacle Is bright omen of
success. propose to Introduce To you, my
telloW-citizenS, one Of the men who. by his
own brain and hands. has carved for himself
a foremost place, not merely ia the history
of the country, but in the history of the
world. / propose to introduce one who,
from the position of labor and toll, has
placed himself in the front ranks of mankind
Horace Greeley. Loud and prolonged
cheering
MIR. GREELEY ON PURIFICAIIoN-THE PACIF-
&c RAILROAD swINDLE.
MIR. Greeley, on being introduced, said;
PEOPLE OF INDIANA - lie OlStlDg ulSitu
gentleman who has Just addressed You has
pronounca ed the two watch-words of the
present canvass. The first i reconciliation.
and the second is pHrification. have spo-
ken heretofore ON reconciliation. propose
to speak tonight in the interest OF purica-
ton. Our country has recently encounter
ed and vanquished the peril of disuuion-
She is to-day confronted with the deadly
peril of corruption. The cancer is eating
into her vitals. " hereof the essence is pur-
chased legislation, bribed public servants,
and several betrayals of the highest trusts
These are the elements.
Let me endeavOr to illustrate her present
peril by simply recounting to you undeni-
ed and undeniabie facts, which illustrate
the history of legislation by Congress with
reference TO the Union Pacific Railway. l
would fix your attention on this as a sample
of the means whereby Scheming, selfish,
avaricious men contriye to glut their own
greed, while they talk of public interest and
public beneiicence.. Ten years ago Congress
passed al act chartering the Union Pacific
Railway. That act was intended and cal
culated to secure connection by railway of
our Pacific with our Atlantic States-a no.
Bile purpose, and one which can not but be
strongly commended. A iU was certain
that private capital would not build road
two thousand miles OF mountain
and desert, Congress resolved to aid that
enterprise generously
In the first place. the rig of way through
the public lands was granted, with the
right. also, to take material from any part
of the public domain; next, large grant
" a made in aid of the Pacific Railroad
and thirdly, bonds of the Government o
the extent of over $50 coo PEI mile we e
leaned to the Company in aid of this pro-
ject, and the first mortgage on the railroad
taken. Therefore it was thus provided
that the road should be built with public
money for public uses. by the charter of the
company
After a few years. this project having
passed into the hands of capable, graSpin@
men, some of whom were members of Con-
gress. a new step was taken. The Congress /
was induced to authorize a new loan in aid
of this project. aud an equal amount with
the Government aid-that is to say. to the
new loan was authorized to take precedence
of the Government loan. In other words,
Congress reliquiShed our first mortgage on
the railroad. and took second mortgage,
authorizing the Company to make first
mortgage of equal amount ahead of ours.
Now. then, our security was destroyed in
this way. so that our Investment was to be
of no avail.
In a little while private Company was
somewhere chartered. entitled, The Credit
Mohiier of America; and that private
Company. or ring. was composed of a lot of
active members Of the Union Pacific Rail-
road Company. some of them members of
Congress. No list of stockholders of this
Credit Mobiier was ever published, or can
he obtained: but these gentlemen proceed
ed to make contracts virtually with them
selves. That is tn say. the same gentlemen,
officiating as officers OF the Union Pacific
Railroad, contracted with themselves as Of
teers of the Credit Mobilier of America to
construct the Union Pacific Railroad at
enormous prices, which absorbed both tie
bonds loaned by the government and the
Government and the private loan of the
Company of equal amount, which was made
the first mortgage on all the property of
the road. In other words, these gentlemen
with themselves to pay them
selves twice the fair cost of entirely build
ing and equipping the road and, building
the road with the proceeds OF the money
loaned hV the Government. they proceeded
to divide among themselves the other bonds
equal to the amount which Congress bad
made a mortgage on the entire road. BY
these means twenty or thirty millions OF
dollars were divided among the PARTIES, aud
all that money so divided we are called upon
to paw They divided the bonds, and built
the road with the Government bonds, which
were a second mortgage on that Company.
Now YOU see these gentlemen who engi-
necred through Congress this project ma
king the road cost double what it should
cost. and making half the cost a private
dividend among themselVes-these gentle
men now appear before Congress tor still
further advantage. The Congress had thus
TAR reserved e. the country such Sums as
this railroad earned Dy carry ttfg the man,
and the provisions, etc. Of the army OF the
United States. But the Company said no;
they said, We want You TO reserve half the
money yon earn, and pay over hslif OF the
money to Us. Consequently, in March, II
by an amendment fastened upon m army
appropriation bill, the Secretary of the
Treasury was instructed 60 paV over to
these companies halfthe money they earned
by carrying the mails anu armies and only
reservin@ half OF those earnings toward the
payment OF the interest semi-inonthly, ac-
crtIing on the bonds due 10 the United
States. So that on this day the people OF
this country are paying some millions per