Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1875-09-29
SclAurz Speech.


CINCINNATI, Sept. 27.-Ilon. Carl
Schurz to-day delivered his opening
speech in the Ohio campaign at Tur-
ncr Hall, this city. He said:
This state, tho Democrats announce
ia to be the turning point which de-
cides the coming election tho Demo-
Gratis have attempted to commit it to
a financial policy that will plunge the
country into bankruptcy and ruin
without tho possibility of doubt.
These inflaiionists expect to sweep
the Western S,atcs, and the National
Democratic Convention, ii they sue
coed here. The success Of tho Demo-
cracy in Ohio will be the signal for a
general charge along the whole limo
to snbmcrge the hest principles, and
leave helpless in the rear tho best
leaders in the Democratic party this
is a national danger with incalculable
mischief threatened. The Senator then
addressed himself to the democracy,
and showed them that though they
had abused him for changing sides,
thcy, aud not he, had changed policy !;
tho Democrats had rcpuliatcd the
platform of the National Convention
in 1872, which said: "The public
credit must be sacredly maintained.
and wo denounce reputation in eycry
form and guise. A speedy return 10
specia payment is demanded alike by
tho highest considerations of COM
mercial merit and honest govern.
ment." lie attempted to show that
tho Democrats have broken faith with
themselves, have annulled former
promises, and abandoned tho essential
principles of the Democratic party /;
they have, moreover, put forth the in
sidious deception that the platform OF
Ohio doesn't mean an initiation but
merely an adaptation to the wants OF
trade.
This simple evasion and the plat
form is AZ clearly as 1t is possible to
make 1t, a call for more currency it
means continuous and indefinite infla-
ton. He quoted from one OF Gov.
Allcn's recent speeches to illustrate
the absurdity of his position, that cur.
rency in bond is useless az q mod
ium 1t seems almost incredible, said
Schurz, that in this age man who
aspires to lead the country from its
financial troubles, should not know
that only Z per cent. Of the business is
done by the actual delivery OF cur
rency, and ninety-three per cent. is
done through the banks.
Now suppose more of our irredeemable
greenbacks be used. No matter who gets
them, the first thing the people who re.
ceive them will do is to 90 straightway
and deposit them in banks, all except Gov.
ernor Allen. "Hold on" cries he, "tha,
will never do. You are destroying your
greenbacks; for all the purposes Of money
and currency, you are throwing them into
the bottom Of the Pacific Ocean," and he
sagely proceeds to stow his away in an old
stocking or an earthen pot under the bed
for circulation, for il he lends his money te
anybody or pays It out In business trans.
action, the man who gets 1t. If it is con.
siderable quantity, will forthwith deposit i,
in a bank, and even if paid out in small
sums it will eventually get there. Yes
this is a perverse age when people will in.
sist upon depositing their money in banks
Now, Governor Allen will say this expert
ment not having answered, the great mac.
VI SutS new i6buc VI ktcCuUdCAS uhVlub
gone into the bank, or which is the SAINT
thing, into the bottom of the Pacific ocean
of course we must have more greenbacks
and more and more until the money stay,
out Of the banks, and finally Governor
Allen would accomplish his purpose, tina
IL, when the greenbacks will have becom,
so utterly worthless that it will no Longer
be of any use to deposit them in banks o.
all then | suppose the greenbacks would
in his sense be better than cornstaiks; they
would at last serve the purpose of money
and currency, and really circulate rs a me
dunn according to Gov. Aliens enlightened
financial conception. Democrats may say
that Republicans made this currency and
are responsible Yes, but they dbl undel
the pressure of civil war, and now you pro
pose to continue and increase it; you have
applauded my acts of opposition to cen.
tralization at every step and now You in.
sist ast whici, Is the lAost possibly,
Cnp re 1iy attnp ovar n