, 1874-05-08

Vlesvs Of Gov. In4crsoli, OF Connec-
tfCtlf.

8{tN
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na,, 7.,,,p..,, -, t.a,,.o,,,,,. +, 1T.
w. 1"6o.a y. oa.' ~ 4.'' auasaH.
70 the efonofai Assoh'oiY ot tuas nta'e' dolVoroa
ton:
s,nco Tho ou1}o,rnnont of t,,o last gonera, 6,.
uomhiv - fina3,cial revn1aion1 e,,J3onIv occnr,
currinu. and ropid,v e1tendinu oyer the non-
anocjas snayinv rortion Of tha Country. hns sarl-
or1sfy aTeotod tllo iaIustriul and commorcial ID
torasts Of our State. mud would have resulted in
wids.snread ;ndiyIimsi aniYorinr bnt for tha
apirit of mutual forbcarauco and assistance 40
cnmmenuabiy axbibited by MI portions Of our
oon1munity. Occurring, as it did. in tlo midst Of
acnorel postilenca or other calamity,
its CAUSES m,,st ba looked for in hi.
man action atone. aud It ia not. in nv
inilomunt. difficult to discover them thore.
by the gront expansion OF credits growing out
Of our Civil War, of which tho present pros-
tr,tion of huainesn il tha natural rcnofinn ffrho
enormous public expenditures required for that
contest and the CONSEQUENT creation Of public
iudebtednoes In every possible gha1o. to win tho
fnyor Of tha neonla md nromnte Tia oiro,ila-
tiou Of it's eyideuces throuuh the olauneis OF
buainens. would alone haVa been suil{ciont
to 90 undu]y exotic spirit Of commer-
cIal adventure ae to subject tho country to
when. in ft,rthoranco NJ tnis noIiov. or in,
noilei by Ills nocosaity. it was tloserminei to
discard aa the measure of our commercial
values, tile only standard recognized By the
commercal wo1ld. md to substituto therefor,
for our peculiar use, ono OF those yory oyi.
donces Of public Indebtedness. with value
del,ouljng, at its best, upon Tho yariobleuosg
Of public credit and At all timos subject to tho
chances Of governmental interforonco, tue con-
acDuenceu We now deplore were reasonably to be
the eetuo Al II las invariably boon under every cir
cumstnuca Of humau history. Regular industry
bocauo tliataatoful aud darinR specu]ation. ind
inc its highegt oxpreyson iu atock-gambIiuo. be-
its train over. action in iii departments Of busi
ue6s: the straiuing Of credit to its utmost limit;
arfrav.rnune ~ ltY,nr. nrntliratn avnand;turc
public nd private the parado OF nleretricious
wealth: and Decentralization that las shown it.
tbronri @ he inatinativa @ conaeionsness Tint this M
condition was an unhealthy one, that tho Arst
alarm so ra1idly snread Into a general nanio.
Aud ali lu,nan experience atteatB what tic
roagon Of n1an 10 clearly percaiycs. TINT neithor
comnercial nountluess nor sooial health Gan be-
nsut,rad to Tint noonIe wi,osa naagura Of
sYohanaeoiio vainca Ia TT itaeif -, a,c5, nt,;n.
MIC yaI,io thnt Il oanpot be- waved by ecisIatiye
emactment And fnr lila reas,n, simnly. It in
crodt i ~ aid ID ali other ,,ovieos Of napcr-maney
not Al onca convertii,lo into ooin. has uniformly
Lann oftaudad viii, fnanciol d;atnrhapro oonor.
ally and,,0 in coo,merc;al disnstor, ria found
ers Of our Goyerumeut. schooleI by q hard ex-
nor;once uuiouhto1llv sunnonell tl;at thav had
uordai ,a from th;a na,ii ky cnnstitnt;onal nro~
Sa;ons' And nvon whon our prasont io.tai. Ian
5ar act vna n.aseI. the nratenne ~ anv otl,or
iMst;t,"ot;on for Il then the nSnrnlino necessitv
~ rnr .yaa hari1v maio All whcn thc Var
c,oscd tha dan@or of tia sta,, tint Ind ham
, fakon ras most 6loarIv sron. sid tho necessity
far retrarins Il oinooat un,yorsa y ,eInowielrci'
,rhe Gnvarmmcnt ,yas snicmuiy nicived IL it,
decjarstion through eyery iannrt1pout to - ros.
.orntinn Of the constitutional currency. as a
moaanra demanded alike bv m morality and
rensnn :. and a finarrjni noiicv wax in fsot In IN.
itiatsd' which. Il ndhered to. would beforo thia
havs e1tricatai Tia country from the norij thnt
now ;,nnan.]s + IL a snd commentarvt ,,,nn ' mr.
nu,,,in y;rtma that the cnnraro Inn fsi)od ia to
larry thnt nolicy ont' and tbnt We shomll ho h.