New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-09
7. THE OHIO CAMPAIGN.
SENATOR MORTON SPEAKS FOR TIE REPUB-
81 LICAN TICKET. a

FAyORs NEITHER CONTRACTION nor EXPANSION
URBANA, Ohio, Aug 7.-Senator Morton made his
frat speech in the present canvass at tins place NJ
o'clock this afternoon, in the pre- 'ence OF large
audience Following are the more important por-
lions Of his remarks:
True CONDITION or THE SOUTH.
The condition o; the South, doubt not Il improving
politically, know il Is rapidly In material wealth.
and prosperity; but tins political improS u SLOW
and has made such progress TO change the actoh
purpose OF tine Democratic masses OF the south shn
the Democratic party come into possession OF tha va
tiona Government Although it is often SAID by so'h
politicians they would not restore Slavery IT IneJ
could yet do not believe 1t is true IN regard to the great
mass Of former shareholders, while do believe mat to
look upon such restoration impossible under the rr
cunsanccs and hence DO live IN the hope OF IT. B"t
there no doubt that the members OF the DeIiocratc
party in the South, with few exceptions, look upon the
coored people as that ought sill 10 he cns!aved
who made free wronstully by the accident oi war;
and deeply resent teir elevation to clvl ana poso"
rights and equality. And while they do not i've III inc
hope Of c restoration OF Slavery in It's old FORM tcy arc
lll Of hope and faith that the TIN" viii soon come "Ho
the coored race III their midst WILL by legislation and
tie SHOW OF force be deprived OF their polticli
and civil rights and reduced to a legal nfcriorty and
rositisn midway between slavery and thar po-
litioal equality to which they are justly entIlicn
by the Constitution and the noinr1 rights OF m'n
To acquire the pos session of the National Coz efrht
ID the Gst great step in the accomplishment Oh 'Ae
policy; and 10 this end they VIII mask their purpose a.
f~ 40 possible and do everything In their power to u
the approximations of the people Of the Nor-h 10 ts
end inry win suIpr,,s. fdr IS possible thc N'fI
uttcrHnces their politicians and con selios ana lax
This end they vii toast and bitter ne correSole,, oi
northern neW.paper- lay-h upon mem so'i nfn,'',
wa ~ n or,iri tb,m rft and rraze % also
fr-tn they .lI
ecitlul ami pleasing accounts which they Wou1 nave u"
XXI yhai.ycr fHcic core spondents may write, The
eicat fact rcnains iat Oyerw hcming minority OF al
Who engaged ia The ep'iiIon"re o-.y pltieriy no.
T. civil rgd political rights and ar w"tclng WIN IN
,ee edgerness i"r the ho,If ana Oinft'niti ".,'
can east them hraooIg down prcciIce, Ih'J pehrNe
those win be found In the success oil the Democrat"
party.
WHEN TIE SOUTH Will BE RECONSTRUCTED.
VL.n Republicans ia he South are protected b. tie
laws ar not opprc- I'D by society not pcsecriec ii
their business in hcir schools, or churches because OF
their political opinions support Of the Union cause
duing te wall because tley came from tie Sorth ni
are treated according their merits and character as
men and women, thcn there will he political pace ana
fraternity; until thcu not We don't require tlca 70
Of Confederate soldiers for these are matters OF opinion
which belong TO liberty Of Thought -nd n|t!ol TIC Yey
iciis OF The south. RECONCILIATION cannot taHe pac" ~
Northern re,ra ions ar iunhctiu 49, bui cycI South.
eIn giboloOd III daily Mo- ~ con odny - pco9 oi
@ 'o',,S ' 49, ir,, rI Ms rnir ire Constitution and
ly OF The lnie states and OF he states ia wlch they
live. when tAat time cones The siea E.hGt 10, when
h1rc ben lah0"'ns will he accom-, isled, ana SHAH
know thai tnc wax /. over.
\ DEFENsE OF THE AOMINIsrRAIIoS.
ain not here 10 defend tho Administration AGAINST the
char,e Of universal corruption which It's enemies are
huglig against It. These charges axe their DID, well
worn, thscadbare stock in trade. They hole by con
t,l,rd vocferati,n 10 make the people believe them,
-ton tlat 1. NOT fni
two per ecnt OF truth Frauds peenl 'tohs, ana mis-
fcas,nces there arc under all governments and admin
isutons and will continue 10 be until the millennium
comes and reecucra.cd human nature makes AL men
honest in public and private station They have con-
verified the political inoa school for scandal anu
by Their m0nstrods cJlunDies upon public men ami the
WORKINGS Institutions have doHc orr country ~
finite harm abroad BuJ have no hesitation in saying
that. when eonsler the magnitude Of the Goyern-
m,Gt tre ,uI Yer ar oicc : ,l" XXI t OF revenues I'D he
CO..: .te ~ difficulties attending thc collection upon
certain articles. there never has been period "A Tn" ms
t,ry az TIE leruent "Aen there htS bteA lcs rn,d
ol Drculo,iOn. or perhaps a. Ltur az now. Ccftt4l
tnerr never has been administration which has shown
more resolution yigor, Importantly or success ia Tue as
60 . I,ytr eq;,rt il s,senttir liy mad,
detect frauds aud 80 bring tle perpetrators q Justice
catous. AID in,s ali that ca. be asked OF any admin
s''nton.
THE FINANCIAL QUESTION.
Whom Conr.ss assembled las. Dec mber there was
M cUl1 tiol among us il'h" - tu'i 7'h' +i'i-
cl m,s,r!e soul b" pa sel to rcmoge the doubts and
uuc,r,ai.es p1laHs in the country, ard that it WI,
Ire, my of an to 5lc ,hng OF q cir opinions. Il
common Ground could p. arrived at upon the most Nate
rial Gu"- ions. \ great C,c',ty Of views prevailed
amons tho member. cf both parties IN was pre-
pared which received tic vote, ~ oNey RI Pnbcan sen
.ior save one and OF al The Gnlublitan lcnDess OF tnc
House. except fcH from the Elsoln States. The bill
NJ, I'm is nature q COMPROMISE auI middle ground. 10
rcco izcd the r. cnbacs part e he public debt
ami the Obligation OF tho Goy"rnn Mt 70 pay them IN
coin, aad fixed the isof J~nrly, 1870, for the period,
folryeara nom hc time o. 80 r'-saY. II was 'holel5
prepared. without 81 3ck or injury, Tor resumption.
ai4 tnI, the uine approached, ady 10 N.,nln Two
sit, and bc ut per when the time arrived, and
that then there would not De lat-r dein1nd
nat me -, nbac, 9,ouli not hc retired e. leave
49,. than thiae hundred millions IN circulation. amt IT,
Contemplated that ihty slo.d eoi'-hN 10 "a ldge OF
t., circulation, ana the iu"in p QaH' ~as 40 Improve
their quaioy md bfrg them TO n par value amt with
them thc vah nOi"s, "hl'h were Iod.th3 e ia sieeE-
bach, VII ~ panic 'ooh pc D.-.eytu ~ go
considerable lime, ana mar ne tiuc reu'dy ANA relief
roin TIE piu.t tlit which had en successfully en-
financial pah'cS calhe-thIt j., i,'ou'A" .h'fcS OF
r ,trrrl,y ana advised tho President 10 pour intO
CIcU atom tLe ioity -ioei millions reserve o. Hehpehs
wrcn sought by legislation was by the extension ~ the
National BANKING stem. and not ny further issue OF
crease of the cuITcn j. would do good In checking tine
panic Tree 10 say, ana beFe ~ iust Tan Us course
lnll tie dimes relieved by economy, Industry, and
the Ope. atiCn u general causes.
NEITHER CoNtRACTlOS NOR EXPANSION
The theory tie biz in another respect that there
should be neither contraction nor expansion Oh TIE
rcncy, that the volume Should he maintained nearly
as possible what it thcn Banking made free
that is the ton the amount OF bank notes
that might ISSUED in the aggregate IN any Of the
states repealed and the people lett irec To organize
rev banks any of the States Territories upon
plance with the terms and conditions OF the law. 10
p.evcut tho expansion of the currency from this source,
was provided that FOR every 100000 Of bank notes
issued Secretary ~ the Treasury shoud retire $4,000
in grecnbacks which, added TO the grccnback the
uottld rpuuircd IN keen IN khpir yluItS