Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1872-11-01


derstand, that treason against this Govern
ment Is no light thing. / want them TO un-
derstand IL Is a crime, and l want IL to be |
recorded on the page OF history, never to be |
obliterated, that we who maintained the gov |
eminent and you who fought to put down q |
rebellisn were fighting for truth, justice, lib. |
erty, and humanity, and that our enemies
were fighting against all these.
After dealing with the question OF
finance at some length, the Senator pro-
ceeded to the subject Of business stability
and said:
Now, my friends, in regard to confidence,
/ say to you have more confidence In each
other than you ever had before. There have
been fewer failures In the last three years In
this country, than in any six years before In
its whole history. Now and then they would
occur, and they always will from improvl-
dence or misfortune, or folly, but there are
fewer failures, and you have more confidence
in each other, and you have more confidence
in the times. Chicago has been the wonder
of the world for years, and now more than
ever. And how is it? How is 1t that you
can borrow money to build these houses,
these splendid buildings that are going up
almost in a single night? Because men have
confidence in next year and next year. You
have not got apprehensions of change and
panics, such as used to come every ten or
fifteen years. Before the war, half or a third
of the banks would break up; our leading
men and bankers would break up, and it
would take five or ten years to recover from
it. Don't you remember 1t, business men,
many of you? Certainly you do; and when
the war was over thought 1t would have
to come on again. | thought 1t was only a
matter of time There was great specula-
tion during the war, and supposed this
failure had to come again, but within the
last two years all fears of that have passed
away, and while this Administration is con-
tinued, and while this policy is continued,
the people will have no apprehension of these
convulsions. Why? Because the causes that
produced them have passed away. Now, my
| friends, what we want is stability. We want
things to go on just as they are now going.
| You don't want to change. You don't
| want to try experiments. These men
| that are denouncing Grant and his Ad-
ministration have no measure to offer. They
| can tell those most contemplate stories
about Gen. Grants relations, and about
Long Branch, and the military rings, but
when it comes to proposing measure they
have nothing to offer. That coalition is ut
terly bankrupt in regard to policy. 1t has
| nothing to offer TCheers 1t has nothing
to offer except scandal, scandal. say you
want stability; you want things to go on as
they are now going.
Mr.. Morton gracefully alluded to the
prosperity of this city, and dealt with
the specie resumption matter, and re-
ferring to the National Banks, remarked:
The election of Horace Greeley means a
war upon the National Banks. His friends
everywhere are attacking them. And what
does war on the National paniS '"e-; .
A war upon the National Banks means the
impairment of their credit, and whenever
the National Banks are threatened, In order
to protect themselves, and take care OF
themselves, they must at once contract their
issues; they must call in their notes; and
when they call in their notes they make
money scarce and when money Is made
scarce you all know what the consequences
are. IA voice: eve ought to."I When
money becomes scarce then prices decline
men cannot hire; men cannot pay; men can
not buy, and men cannot sell. No; you dc
not want the volume of your currency con
tracted. And war upon the National
Banks at this time means the contraction oi
their currency. No system OF banks car
stand constant warfare. Their stock de
preciates at once their credit is impaired
and when their corporate existence is threat
ened, the only way that the stockholders
can save what they have invested in those
banks is by contracting their issues-takint
in their currency. You all understand that
Should Mr.. Greeley be elected, and the war
fare upon the National Banks be continued
I as it has been commenced, and they shoul(
be forced to anything like speedy resump
, tion, it would result in the sudden and VIC
lent contraction of the currency. In Con
gress so far as my vote and my feeble voice ar
: tempt TO cOf al UiIO S,,.:.---~y. -,
the currency was not too great; or even if /
. was too great two and three years ago, tn
: rapid development and growth of the cOun
. try was coming up to 1t, and it is not to-
. great now. [Applause.] No. What W
: want is stability. / cannot repeat the wor,
. too often. Stability involves the tnancia
prosperity and the progress of this country
!. The Senator then tersely reviewed tn
e subjects of the public debt, corruption il
g office, the Schurz-Trumbull detection
S and kindred matters. He reviewed tn
; policy of the present Administration, do
= mestic and foreign, and paid high com
. pllment to the common sense of Presi
E dent Grant. He alluded in an amusing
a but not spiteful manner, to some of HOr
: ace Greeley's peculiar habits and themes
r eloquently denounced campaign calumny
: and concluded, amid prolonged cheering
in the following words:
!, And now, my friends, in conclusion, eX
. hort you, If you would consult your own in
8 terests, individually, and the interests O
q your country, to stand fast by this Admins
= tration, to stand fast by the Republica
:, stand fast by the men that stood fast by yo
y in the hours of trial. Stand fast by thes
a principles, be steady and firm, and go o
4 without variation or shadow of turning
I Stand fast by the faithful leaders of on
: armies, and our great leader, General Grant
e and, citizens OF Illinois, stand fast by th
n | gallant soldier and son of Illinois, Genera
Richard j. Oglesby. Cheers
And, my friends, shall conclude my re
=, marks by saying what Horace Greeley sal
, four years ago, when he was entitled to
. great deal more credit than he is now, this
# General Grant had never been beaten, an
= never would be-"