Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-09-22
GREELEY.
The Peoples Candidate for President
Before the Merchants OF
Cincinnati.
He Gives Them a Plain, Common Sense
and Sound Talk ON Finances
Boutwell, Taken Down.
Great Enthusiasm Excited by the Ap-
pearanee OF Mr.. Greeley in Gin
cinnatl, COVingtOn and
Newport.
A Glorious Reception in Kentucky
Louisville Beside Herself
At0neS for the BlatOD
ID. FiascO.
AT CINCINNATI.

CINCINNATI, September 2l.-Mr. Greeley
was received at the Chamber Of Commerce at
noon to-day. He entered accompanied by
Mayor Davis, :. r. COvingtOn, President Of
the Chamber Of Commerce, and J. /. Keck.
he was introduced by Mr.. Covington, and
was received with great applause. When
quiet was restored, he spoke as follows:
AT THE CHAMBER OF COMMERCE.
Mr.. President and gentlemen Of the Cham
Der of Commerce:
You will do me justice 20 believe that
would not have chosen to appear before you
as an instructor, for so IL VIII seem to yOu
with regard to matters which you must un-
derstand better, perhaps, than j. ] am here
because 1 am asked 70 be here, and, being
here, propose 10 make TO you a few sugges-
tons, which, 1 trust. viii have a practical
bearing I fully comprehend that YOU are
/ business men, and that this is a business hour,
and that whatever is said by me, at any rate,
must be very brief. To plunge at once, then,
into the middle OF the subject, 1 am one OF
those who do not feel entirely satisfied with
THE FINANCIAL AND COMMERCIAL
condition and prospects OF our country. /
realize that we have just secured very album
dant harvests, and that these are very i'm
pOriant element of commercial prosperity. /
realize that we have a currency quite abun-
dant In its volume and acceptable at par over
the larger portion OF our country. We have
many elements OF strength and yet there
seems TO be also elements OF weakness which
ought not 10 be passed over in silence. You
viii bear me witness that for the last two or
three years we have heard more, felt more,
suffered more from commercial collapse
might say commercial dinculty-by the oper-
ations of what are called rings than ever be-
fore in the history OF this, and ! think in the
history of any other country. Corners in wheat,
corners in oats, corners la pork Lgre8t
laughterl, corners in gold, corners in stocks,
and so on, and 50 on. Now, gentelnen,l am
not here to say that this particular clique,
which tried TO force up prices, or that the op-
posite clique, which tried TO force them down,
was right or wrong in any instance. / am not
sufficiently familiar TO judge what say and
think, yet You must believe with me- that
tnese eNnibltlohs are y Lnptlihs o4 ~ niialOlal
weakness, ii not financial disease They are
incidents which are not likely to occur in
perfectly sound and healthy condition of a
com lmercial business, and the currency OF a
county. We get on with them as well as we
can or rather we choose one way, ana
another soon presents itself, and every now
and then in the
GREAT COMMERCIAL CENTER,
where my work has been carried on, there
comes a superior corner, some kind OF black
Friday, or something that threatens com
mercial disaster. q general disaster, ana then
appears the Secretary Of The Treasury, with
his hour OF plenty, anu lets loose something
or other. he either buys stocks or he sells
gold, or he does both. He puts US at ease Tor a
little time again. Now, am not here 10 de-
eide that that is not the best ne can do.
don't know about that, bUt / do insist that
the business OF the country ought not 10 De IL
a condition 10 require TINS communal appllca-
fton of something artificial, something let
down from above. mink that there
should be a state OF Things wherein
hugingCg men ana business lhNtiNSAs hlioA-iu
take care Of themselves and not require Ihe
continual interpOsltiOn OF some pubic au-
tborftv In such a dictatOrial form some men
are sgamped; when ne appears Otnef men
or voIfeVed Pefhaps the greatest good TO the
greatest numbe is accomplished Tor augnt L
know But 1 want TO see state OF things
when the government is not continually
called upon TO help US out. IL reminds me OF
the state OF things that existed m my Garner
davs. when every once in while Mr. Nicholas
Biddle was called 70 Wall street In about the
thai secretary OF Inc lrgas
sury has now to put his shoulder TO the wheel
A nd lift us out OF some mlre or ward on some
ga astrOphe. I think that we ougntto pc aDlei
III AZ you, gentlemen, ought 70 be able 10 de-
Wis. e the means, not only Of getting Us out OF
one Narticular corner, but OF
PREY, ,TcSTING CORNERING IN THE FU-
TURE,
rer5arinq them impossible, or, at all events,
lisasfToTls 10 the T cOntrivers. Now, am sup
,,-,es,5 - he n MAJ OF 1Euls, or what IS the
word s the man of hoDDles, on Jnls suAJeCu'
some men imagine thai ! am very furious
fEeuander OF the immeuiaIe resuliipton u
e1Sfcfa nayrnents Ny opinion was several
years ago. and have seen no reason - Cli'lll5
il since. that when we had one hunured anu
twentv-fve millions in the Irehsnry' lhaiHIy
gold. and when we had reVehut tACeeuIlLs
the necessary outlays OF the treasury ~ AtpLee AtHe
than one hundred millions per anluill, t4ltt
we were then in a condition 70 resume specio
navrnenfs That il the government had chosen
10 say awe viii resume; we take our green,
backs as gold, and we receive them as Roiul
Inalyinp that resumption under that state OF
things. I have seen the Bank OF EngIanu re-
sumo have known the banks OF our coun-
Try to resume with very much les proper
zion Of available assets TO thu liabilities than
the Treasury OF the United states had al Ihal
time. 50 that il seemed to me 70 be perfect
ly feasible thing; but we did not resume
rnainIy because the people. mean the
BUSINESS PEOPLE,
iid not want to resume, and in my Judge
ment that reason win operate just as well next
wear. the year after, or hve years hence as ~
It is my Judgement JnaL we
are mot likely TO resume. l don know when,
but III in any near period OF time, then say
il we want to resume we need al the re-
sources we had then and We ought TO have
hus1anded them carefully. But II we were
not as YOU ana ! know we were not 10 re-
SuIre for a long time TO come then II seem
70 me business policy was required from
the government, that is to pay out all It's
gold ana al its treasure beyond fair work
ing balancS,
REDUCE ITS DEBT,
by 50 much, stopping the interest and leave the
business men instead Of hGATdlng II up IN the
Treasury, TO make one Of these perlOqIletait-
THE conclusion Of this sentence was lost n
applause. But 1 am not dogmatlst u9
not pretend 10 present this as a matuteu
and settled conclusion. What DO ask, Mlat
/ ask Of this Chamber TO originate is an IN
quiry and Investigation, by men OF business
and capital, as 70 where the proper remedy
for these disorders Of which speak Is 10 pc
found. Let US De calm about H. Let Us ialAe
time. Let US investigate slowly and carefully
and let the business men Of the country come
to a conclusion as to the proper REM
edy, not for a particular disorder to-day,
but something which shall be protection
against the periodical recurrence Of these dis
orders. This is what I would have the Dusl-
ness men Of this country do. Look at the mat
ter as q disease, not al one particular hymp-
tom. and determine just what and where IS
the remedy. / venture TO say II the men who
compose chambers like this, will agree upon
what that remedy is, they can have behind
them the press OF the country with scarcely
an exception, and the pubic sentiment OF the
country, and whatever shall seem TO them
after mature deibeTatiOn and a careful dis
cussion the true cure for our
DISORDERS AND DANGERS
VIII be accepted by the general Judgement Of
the country, and carried into effect. This is
an gentlemen, and with these few remarks
thank you for your patient attention. lGreat
applause.
After the conclusion Of Mr.. Greeley's speech
he was escorted to the VeStibule OF the hall,
where he took large number by the hand
rs he fled out. He soon thereafter proceeded
10 the hotel, whence, at half-past one ne was
escorted by the city officials, Mayor Baker, of
Covington, and others. with band OF music,
70 COvington and Newport, where he was pub
licly received, prior to his departure for
ouisville. The streets were thrOnged with
people, and ne was received with cheers in
many places along the line Of march. From
half-past nine until Change hour he received
many persons Gaining.
Horace Greeley and party LETT Newport,
Kentucky, on the Short-line road, for Louis
vile, az a quarter past three O'Clock.
ON THE ROUTE.