The daily Argus. (Rock Island, Ill.) 1873-1877, 1874-10-22
DxrocRAr1c.I1BERAL TICKET
REPUBLICAN TICKET.
Noble Man, and q Sensible Speech.

ANcble man, ana 6eusAo1o cP0oSh'
Anv one who has ever lived in New
York and attended the Cooper Union lect-
ures, or observed the workings Of the
Cooper Union schools, library, reading
rooms, etc., is almost as familiar with the
face and voice of Abram s. Hewitt as he
is with the members of his own family.
The wonderful charities and public spirit
of the venerable and venerated Peter
Cooper, as well as his patriotism and great
business capacity, find in Mr.. Hewitt, who
is his SON. inlaw, an able, vigorous and in
telligent second. Mr.. Hewitt has Just
been nominated for congress in the 10th
District, New York City (the 10Th and
10Th wards) lying Just above the Cooper
Institute, on the East river side of the city.
Mr.. Hewitt is true representative OF the
business and industrial interests Of New
York City, and in accepting the nomina-
ton for congress he spoke substantially as
follows.
I have not felt that in rendering me the
nomination for representative IN congress
Of this 10th District the delegates to the
convention intended itmerely as personal
compliment to myself. They supposed
that | was a fit person to be intrusted with
the interests of this district, and believed
that was capable of making those inter
ests comprehended in congressional legisla.
ton. You all know that the industries OF
the country are paralyzed; that the usual
avenues for the daily labor of our people
are closed Employment is scarce and
wages low. Men are standing about idle
who would gladly go to work to maintain
themselves and their families, but there is
no work, There must be some good rea
son for this state Of things. The prosperi
ty of every country is based upon thre
things:
l. Men willing to labor. Look aroun
us, and have we not this first requisite
Thousands of men are out of employment
and are willing to be set to work-yes
anxious to earn their daily bread
.. Capital to employ labor. There is
no want of capital in this country. What
is capital? 1t is not money alone, but
every article of trade and commerce that
has money value. Everything that is
valuable is so much capital which can be
made productive.
3, Plenty of money and currency
There is plenty of everything here that
goes to make up capital, and yet there is
a general lack of employment, aud every
important business enterprise is at stand
still. Money is the medium OF exchange
and represents values. A leading banker
of this city said to me to-day that if $780,
100000 were borrowed of the banks and
locked up, kept out Of circulation, 1t would
not raise the rate of interest above six per
cent. Millions upon millions of dollars are
locked up in Wall street for want of the
proper outlets of business in which to in-
vest. The pail of death is upon the indus
tries of this nation, and at the same time
We have in abundance the three elements
Of labor, capital, and money, which are the
foundation of prosperity Work ought TO
be plentiful The agricultural, the mining,
the manufacturing, and every other im
portant interest ought to be yielding i'm
mense revenues and be setting to work the
unemployed labor of the country. The grea,
railroad lines and the commercial enter.
prises ought to be employing this
lille and non productive capital il
developing and improving the great
natural resources of this country
There is an explanation Of TIL
unhappy state Of affairs. There is some
thing lacking, for the want of which labo
and capital and money cannot be set t
work to send plenty and prosperit
throughout the land and revive the sink
ing industries Of our nation, The lack {
confidence is the cause which has produce
this evil, aud is day locking up the caI
tai Of the country The people with mon
ey are afraid 10 run their work, afraid t
project new buildings, afraid to set in me
ton any new enterprise, to introduce an
new business movement The peopl
have no confidence in the men who admin
lister the government. The President anC
his cabinet are amusing themselves anC
having good time while the people are
having very bad time. The men
who live by their wits are push.
ing forward their schemes fol
depicting the public treasury. aud are tax
ing the money out of your pockets. There
must be change III the personnel Of ,hi,
Government The Administration ha.
lost the confidence of the country, and can
not regain it, A change must be made
| stake my reputation as merchant ant
business man OF many years standing, tina
4. there will be no revival of the business anC
the industries OF this nation until there is
change III the Administration. The pre-.
sent rulers have forced themselves in. and
will continue their ruinous policy. They
must be changed Put Samuel j. Tildeu
IN the place OF Dix, and worthy repre-
sentative Of the people in the place of
Den. Orant,-some man who will serve
the people, not himself; who will do his
WORK at ashlngton and not at Long
branch with his Cabinet officers, away
from the seat OF Government. When
hire man | expect him to do his work,
lou pay Orant aud his Cabinet. If they
90 not do their work they ought to be put
out W must net only change the mer
but the character Of the legislation. There
must be sound legislation Our currency
is built upon the shifting sands. No one
knows whether dollar will be 80 cent.
tomorrow or so or even IS cents. If W.
sell upon credit we do not know what W.
shall get back for it, five buy on credit
We do not know what we will have to paw
Our currency tiuctuates one quarter of on
per cent nearly every day. Gold goes vi
or down, the quarter of one per cent. an
transfer of a future is made from tn
pockets OF one set of men to the pockets O
another Clique, 1t is gambling opera
ton, and nothing else. 1t must be chang.
ed. Our money must have fixed stand.
ard of value. Gu no other foundation
can sound and Temunerative business he
done.
Mr.. Hewitt concluded by saying that he
had no personal ambition to subserve in
aHCenrlnr hf al 4