New-York tribune., 1872-09-11

". j
they intended to for Grant at the october eeeon
undoubtedly believing that they could vote In 'ha s'@'0
for Presid mt at that time
LIBERAL MEETING IN WEST PHTLApELPiilAeI,
ADDRESSES BY GEN. FARNswoKTH AND CoL'
M'CLUHE.
PHILADELPHIA Sept. 10.-A large ana spiiltcu
Liberal meeting was held In MaTfet-st haii "'S' ,
delphia. tins evening. Addresses were hauo oS ,io
Hon. john f. Farnsworth Of Illinois, ana COL AcN"u'
Mcclure Both speeches heartily applauucu, enu
produced marked effect Col Mcclure oscuSSeu '"o
questions Of labor finance and protection In the course
of his remarks he said;
REMARKS OF COL. MCCLURE.
7 do not assume to define what particular hnancial
po,cv our country should adopt, but | do assume 70
solve lust that particular part Of our financial problem
tot k so Ion that he who runs may read it, and yet
the part that our financial circles least consider ana un
derstand. II is this: Whether Mr. Greeley or Gen.
Grant shall he chosen President the financial policy OF the
nation VIII not be nodded either by tue President or inc
Secretary of the Treasury but by the people through
their representatives.. The Executive and Financial
Secretary may recommend, bat they do not frame our
laws touching IL il their duty to execute
the lawsnot make them and Instances are no. rare
even under the present Administration, when congress
not only exercised its Judgment in opposition 10 the
Secretary but drcctd him 70 halt or advance III operaV
ing our loans and instructed him IN what particular
manner he hond execute the laws for his Department
There are others beside bankers brokers' and specu
Iaors wEo are largely interested in the stability OF our
financial policy Our commercial and manufactures
classes do lot profit by the negotiation OF oans pu'
they do profit by wisdom in our rulers What saie'y
can our vast and varied business interests or even our
speculative interests, feel with Cabinet that is dwared
into pitiabc tlenes when comes in contact with the
statesmanship Of Europel What fearful penalty was
paid by all business classes because OF the c0csseu III
competency Of the secretary oi etse IA n. .lG ,
t1. biur fplV
S & un1fiol damaccs of imbecile diplomacy For
months ali great operations were suspended Negola
ton of all securities arrested, and commerce anu
rade and speculation as well. hung in suspense while
stunditv struggled TO escape from itself Applause
True, there large measure OF conndchce IeIC
Throughout that all would he well in the end Dut u was
the sound sense of civilized that was trusted
the skin wisdom OF our Cabinet Ana When 'tai
quity finally restored IL was Dy atOhhs lor our
6lunder at a cost that mere millions could not cover
CAPITAL AND BUSINESS IN THE SOURI,
. look at the South Our capitalists have hundreds
vof millions invested in State and other securities
there and our industry should now be largely
employed in repairing the waste of war IN
that section. Their railroads have been restored
and eouipped by Northern capital and labor,
and prosperty must be given those States TO requc the
energy people Already many millions have been
lost by the depreciation Of Southern State bonds, ana
large investments made in railroads and other eglu-
mate pursuits looking Tor reward 10y the restoration oil
the South TO thrift, have been unremuneratiye. Not
only individual and associated wealth have lost by their
Southern enterprises but the Northern people have been
onnelied IN hear All tbe eyactious OF the Government
because the continued reign OF desoatOn there Inc
Teev 70 the expcnses of the whole Union and
tie reduction national debt. Why Is II that mi
lions been lost in their deprecated or almost val
ueess securities Why it that the large Investments
made there IN legitimate pursuits prOftessf WHY'S
that South continues unproducye and bears no Just
of the taxes imposed upon the country Why Is
1t that TINS vast inviting field for our Northern capl
tai commerce, and industry Is still langusnng IN pow
ery than years after the clash OF arms mas
ceasedi VIII our capitalists, our merchants, our uni-
factmers, our specudiora' ana our taApaNeIs sope.
consider and answer these questions ~ the hGht
OF reason and patr0tismi The monuments OF witheSd
waste and consuming shame have been reared Oy inc
carpetDasser; and ne has De9 lnah,aeu @ ~ III pEGMUt
often the sacrifice Of law ana decency by the Grant
Administration. [Appausel TO save him from the
Just condemnation OF the people, the cyil authority mas
been suspended bayOnctS nave usuped the balot ana
despOn has sunk deep INTO the pOlcy OF the Govern
ment Can capital and commerce and taxpayers con
TO four years more OF hopeless deDtuchery ana
prOfIgaCy aud desOlaOn In the SOnth! not cuange
Of national rulers Is an imperative necessity zap
piause.I
SPECULATION AID LEGuM ,TE FINANCE.
TIE nation in the decision of political issues will not
fail TO distinguish between the camor Of specula
on ana the legitimate financial interests of the country
Speculative interests look to observation-disclosures
finance looks to harmony and mutual prosperity with
the great Of wealth. Speculation is the foe
Of industry legitimate finance is the friend OF labor for
labor is the life of its operation. Speculation Is clamor
GUS arrogant and hurs its impoent threats at the po
lilcal incendiares" and dangerous demagogues who
create the very wealth It enJ0ys-egnate hnance wei
Speculation may be restrained by the people BY their
choice OF our next Presidents but legitimate capital and
labor Will rejoice that the harmony OF our great elements
Of prosperity has been fully assured. lAppauseJ
THE PEOPLE THE FOUNTAIN OF ALL POWER
It will be seen that the Cincinnati platform the
Tariff is novel either in policy or in practice 1t docs
in express terms what Lincoln and the Wigs adyO
Gated in 1s4 and enuncates the great principle Of
the sovereign power OF the people, which III these days
both rulers and speculative interests have been prone TO
overlook Never were more truthful wise words
uttered than those Of Mr. Lincoln when speaking of the
theory that the Executive may dictate the legislation Of
the country, he said ITO thus transfer legislation
from Congress to the PresldenD Is clearly TO take II
from those who understand with lnhuteucSs lhe lhteT
moi so well understand it, Not only Is tins policy right
and IN happy accord with the genius OF our Govern
nent but il is the only policy that can he
maintained in its administration In these
days Of schools and newspapers ana widely dli-
fused intelligence no fIesi!G[t cah epioIce p,
any pOlcy against the wishes OF the people. flerce
tried IL by the repeal Of the Missouri Compromise and
lost Congress. Buchanan tried II on the kansas-Le-
compton question, and gave ms party deieai. hncoh
started with ceasees to be IN accord with the peo
pie and he was ever sustained. lApplauseI johnson
tried it on RecOnstructlOn,and left the Presidency Win
party. Tyler and Fillmore made slhliar e1PeI
ments and achieved notable failures PRESIDENT Grant
tried II on SantO Domingo question, but was cOm
PEELED to yield be broken, aud II he IS enforcing the
of hate and dlscOId in the SOutn, IN obedience 10
supposed political necessities, against the adnOnfton OF
the popular branch of Congress and the result VIII De-
il ever has been, overwhelming defeat. CneeIs an1
individuals or sections this undeniaDe truth Is II
reyOcaDy interviewer with our very Government ITSELF
they viii make aud unmake Congresses aud Presidents,
and political and financial pOcles Ht pleasure lfIO'
lOnged dpplauseJ
COL ENOS c. BROOKS.
WHAT HIS NEIGUBoRs THINK OF THE LIBERAL