Wilmington daily commercial., 1875-09-28
FIRST EDITsOE.
Carl Schurz In 0hio.
A POWERFUL SPEECH AdAINsr ISFLAriuS IRE |
VICE. OF THE ONO PLATFORM ExposEp.

foWELfUt' SPEECH AoAINHr ISfLhIiOs IRE
vice. OF THE ONO PLATFORM ExPosED
CiScrsslri. Sept 27.-Carl schurz addressed
all imnnnnse audience at Turner Hall in this city
tonight, on tho national issues involved in tho
Ohio campaign. Hundreds OF people were
turned away from tho hall unable To- obtain ad.
mission. Mr.. Schurz directed bia remarks to h
review OF tho policy OF iuilation, which ho de-
cGred is Mt variance with true democratic doc
trines, and which ought to he voted down by
OHIO Democrats. He declared that to place tile
power In the bands OF Congress to
'' mako and keep tho volume of cnr-
rency equal to the wants Of trade" would
be to transfer to them u dangerous aud
awful power-one which would piacs tho busi-
ness Of every man in this country completely at
the mercy Of that body. lie declared that hon
oat government would be Impossible under thai
policy. lle showed thai ths panic Of 1873 was
not dne to Il contraction OF The ourrency, and
that tho only remedy now for national financial
evils is II return to specie PAYMENTS One OF the
most striking foatares of the roInarks OF Mr.
schurz was t'e picture he presented OF how iu-
tOtion would affect tho rich and the poor. lie
Showed also i'll striking manner by figures, de-
rived from authentic sources, how imitation
would strike ofT from tho deposited savings Of
workingmcn a ruinously large part OF their val
he.
EXTRACTS FROM soauRz's spERcu.
Arguing that inlltion would give further
wealth to the r0h, he ssid -
But now look OH tho other side OF the picture.
Here is a labOring man who works for wages.
lie IL honestly toiling TO support himself and
his family, aud mivbo he hus succeeded in saw
ing few hundred dollars, and deposited tht IN
in q savings bank. New Congress- resolves to
issue more moncy III abundance. and imitation
comes i'll good earnest. The laboring man who
has listened to Gov. Alien or 9en. Gary thinks
the millennium Id coming The peoples money
81 nd mi.
ces of commodities elso. The worthy laborer
does not, like the rich man, real the financial
articles aud maritet reports in the metro
politan Journals lie rse Of gold premium
troubles his MUD very little, for the poo
pies money ID to be cheap and plenty; but
somo day lie goos down 10 the store 10 buy things
for ms househuld and his isInily, and to his sur
prize he iiuds that the prices Of groceries aud
shoes, aud clothing and 20 on, have become
much higher than before. How is this he asks.
Well, says the dealer, gold has gone M and I
have to pay much moro for the goods i
buy, therefore | am obliged to charge
more. To build small house, he mp
plies TO a money leiuler for couple of hun
dred dollars AT low interest, on two or three
years time to be secured by o mortgage on the
house and lot. q Low interest and three years
time, excaiIns the money lender, my dear
man, you do not understand the period; since
more and moro greenbacks are issued, the val
nation of the dollar increases rapidly and if |
do know what that money may be worth at the
end of three years. perhaps tell conts in gold or
nothing, and you cannot pay me interest enough
TO cover that risk.
But there are more curious experiences in
store for him. The policy OF making aud keep
ing the volumes of CURRENCY equal to the wants
OF trade requires the issne OF larger and
larger quantities OF tue peoples money. for the
wants OF trade inntead OF being satisfied de-
mand more. With every now issne the prices
nf nj ia ri-a nd h.
er. As the value OF paper money goes down,
tho spectators and gamblers of the country do
roaring business. Prosperity develops to
such point that bushel OF coal costs $40
and u jack-knife its weight in greenbacks. The
worthy laborer's deposit in tho eayings bank,
once sufficient to build little house, will
no longer buy decent pair Of boots,
and as tho rise of prices of the necessaries al
ways runs far ahead of the rise in his wages, he
has been rather consuming what he had than
laying up new savings. Finally, the inevitable
crash approaches. The prudent rich man has
anticipated its coming, and taken Ills precau-
tious lie can do so for lie had knowledge and
means but the poor man is victim to his ne.
cesslt,os. To take precautions ID not possible
Tor him. lie is swept along by the tide feel
ing OF distrust creeps over the business conlmun-
ity. One day our worthy labOrer goes to hls
place OF work US usual. % ! am sorry." Gays hia
employer, who snills the preeze 90 thore is an
Oyefstocked market and downward tendency,
aud sm obliged to take in fail | have but liG-
tie work for you at low figures, or no work at all
at last"
The shipwreci is complete. The rich man ia
in the life boat and the poor man in the break
ers with nothing TO tloat him. About that time
hope Gov. Allen and Gen. Cary will come along
and repeat thair speeches about g The peoples
money What WILL then the poor laborers re-
apond? Talk to me about your peoples
rnouoy 1t is gamblers money, the bloodzuck-
ers money the sharpera money, the devils
money" Aud it may then perhaps be wise for
Gov Allen and Gen. Cary aud the other apostles
OF " the peoples money to stay away from the
streets where their robbed and outraged victims
congrogate. aprrehend the vengeance of the
poor, which Mr. Kelley of Pennsylvania in this
campaign 20 loudly threatened agpinst advocates
OF resumption might turn the other Way.