New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-18
SENATOR BOUTWELL, IN CINCINNATI.
THE THIRD REORGANIZATION AND IT'S REJECTS
r,nnH rux Z AunRIN Nc ASSEs.

THE THIRD FERMENTATION AND IT'S EfFECrs
UPON rHE LADORING CLASSES.
CINCINNATI Sept. 16.--SenatOr Boutwell, made
mi. rst speech in the Ohio campaign before large audi
encc in this city last evening After referring ichy 70
the third term agitation. be gave long and rather prosy
account Of tho financial legislation OF the Republican
party since the close OF the war; and then passed 10
rctation of the arguments OF the nnaOrists The fol
lowing are the main points OF his remarks:
The Democrats rave harassed the country with lies
d" y the ns se a %
third term I sapposc the time has passed when any
@ Sars sSS S ns
mcnt From Cen Jackson to the inauguration OF l'res
elections snoe that ti,no they have had several cand
dates for the Presidonc? VINO nave failed 81 election.
were defeated there is amp considerable public demand
for their denomination. and am quite sure, OF all the
not one Of them whom the thought Was entertained
by any considerable number OF their party that they
were fit for reflection. and 1t il something OF conpl
ment TO Gen Grant and the Republican party that they
have elected man and reelected him. ana there was
alarmed lest the people should elect MIN thlrd Time
Upon this question of business observe that most Of
the speeches of opponents arc characterised by
rsrose to array ts s"ng Glasses ca o y
the iaboring people OF the country 10 larger man ta
policy contrary the experience Of mankind they MAY
prepare for catastrophe which shall be the common
cannot Imagine the Consequences that wosd follow the
Inauguration of the Democratic policy can SEQ ways
escape capitalists for bOatcd bondnOdcrs but Tor
labOring there il escape lApp a,lsc Ihey say
there be increase or paper money to meet tho
wants OF the people Gut say stand by experience
whose truth WILL be demonstrated by your OseIy aton
RI this experiment is tried the increase IN the volume OF
currency Will bs followed by increased demand for It,
and increased rates OF interest TO those who loan It,
Now, who the principal sufferers by this scheme
Men vino have foresight who have accumulated qnant
ties of this money! What do they dot DO rs Gov
Allen does Buy as long rs ANYBODY VII soil for nc
currency going down. They invest without regard to
in land, the was in the South. i'll cotton
and when the crash comes the laborer who iIs only
few dollars in his pocket to get the bread for his children
is without the Of slsenance for tine advantage ~
with these holding property which III the turn OF
things will become beneficial TO them lAppallSe
Therefore this scheme to rob the laDUrfnc people OF
tho country the benefit of the capitalists who have
foresight. tEenewed applauscl
n the brokers and specnlaOrs Of Wa Street had EN-
ploy-d counsel in the country, no more IN
geios chne could have been devised than this scheme
have inst detailed 1t is well known that brokers OF
Wall Street mass $20OOO00o for speculative pnr-
posses They would this amount take III To tie
Treasury put II into bonds and go away The pressure
Is brought it will continue and the Treasury cannot
help itself Tight times will come again and we VIII DC
back where started from, but largely i'll the back
ground Brokers speculate on the depression they pro
ducs and the expansion they produce They MAKE
money both ends OF the chapter while the labornG
nan becomes and more involved, and finally
ruined.