The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1873-10-09
LLtEy lfrENP1s 70 CRElrEAPAyIC.

hon. w llllam AiieDy 6OorDOu CALL
didate for Governor, addressed the
people Of Canton few days aga. on
which occasion he endeavored 20 dis
credit the National Banks, and to add
to the momentaEy pznie aud disasters,
and gain votes for himself and neph-
ew Thurman through the laSOring
man. Here is what he said when
monetary matters looked bad and no
one was sure that the panic would be
wide spread and bring to both poor
and rich:
! The National banks, as organized
by the Republican party. are rotten TO
the core: and, max my words, in ten
days from this time ( now, mark, ]
give them but ten days every bank
in the United States will be closed,
and you, the laboring men. will not
/ get more than one dollar per day for
your work, and only fifty cents worth
Of beef for your dollar.
A meeting was subsequently held
in Canton TO try to alleviate the fright
in regard to money matters and take
measures to avoid the necessity OF
closing their manufacturing establish
H1ents and turning large numbers Of
laboriDg men out Of employment.
Hon. Louis Sehaefer, one OF the old
and most wealthy citizens Of Canton.
and one Of the strongest Democrats in
Starke county,-their nominee for
Congress three years ago-addressed
the people, and administered most
severe, bat deserved rebuke to the
demsgogue, Allen. He spoke for
about an hour and q hall, the follow.
ing being synopsis Of his remarks
as reported for the Cincinnati Com
RlerciGl:
Tie cnly object Of this meeting is
to contribute in alIsyiDg the fears
and scares entertained by some Of the
depositOrs ia our banks, who having
become alarmed through the reports
of the financial crisis in the East,
have, in several instances, with,
drawn their deposits. This would
not have been the case TO the extent
it was, had not, as am informed,
] Col VIM. Allen, candidate for Gov
error, on Saturday evening while ad-
dressing the people here, told them,
by way OF prediction, thkt-
Here the speaker quoted the re-
mark CT Allen given above, and then
continued .sas
Now, il Col. Allen said this, he
done it at the wrong place and time;
and If that is the style of the eternal
living principles to which we are in
vited, the less we have of them, and
the sooner be returns to Chillieothe
the better. Canton is manufacturing
city; its shops are at . certain season
Of the year, and at this time, expecting
short accommodations of our banks.
You all know the character of the men
st the head of them; you all have,
deservedly 50, unbounded confidence
in them, and manufacturers are Pc
cuniarily and otherwise good solid
men: but then, the most unbounded
confidence may be impeached. In q
crisis like the present, when there is
no real cause for it, q prominent man
like Colonel Allen has power TO do us
mischief. He might almost as well
place the torch TO our shops as TO come
among US and proclaim such incend-
iary doctrines. The withdrawing OF
deposits has, to allmited extent, come,
and owing principally y to his efforts,
suppose it continues; what will be the
consequence? No currency f.r our
manufacturers; they can't pay their
workingmen, you, or many of you,
will be thrown out Of employment,
some Of the shops will have 10 work
on half time, and some may have to
close temporarily when there is no
cause for it. The depositor withdraw
ing the funds takes them home, locks
them up, and places them beyond le-
gitimate use, the farmer thereby dam
aging his own prospects and aiding in
the reduction of the prices for wheat
and other products. All that is req
uisite in the crisis is to be calm, act
sensibly and have confidence in our
banks and manufacturing establish
ments. In place of withdrawing, in
crease your deposits, and in a few
days all will be well. The latest news
from other cities is OF the most fiat |
tering and promising character.
Bogus political speeches, bogus bank
ing and bogus railroad projects, will |
be spoken Of in few days by all well
men, as deserving the same
destiny.
1t Will be seen that the "old-time''
statesman and 'peer of Jackson, jeff
erson and the other fellows" is just
SO statesman-like that he is willing to
sacrifice the interests of the people by
panic that he may gain
few votes.