The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-09-28
.ByTeIegraph
ASSOCIATED PRESS REPORT.
TO THE DAILY IyTELLIGENCER
CARL SCHURZ,
His Appearance In the Ohio Cam
pAign at Cincinnati Last Night.

/
paign at Cincinnati Last Night.
CINCINNATI, September 27.-Ex.Senator
Schurz, Of Missouri, opened his appoint
ments to speak in this State during the
present canvass by an address at Turner
Hall, in this city, this evening,
AcOnsiderablepOrtiO Of Mr.. Schurz're-
marks were addressed to the working men,
whose condition he said must in the mn.
ture Of things become deplorable under
an imitation OF the currency. lrredeema-
Bile money was the poor mans curse.
Rich men could protect themselves,
They could put up the prices ot their
goods, or use their money to buy some
thing OF value that would rise in price Us
the money Of the country fell in value.
But not so the labOrcr-the man Of no
means. lie must pay Us he goes. His
labor would not rise Us the purchasing
power Of the money fell. On the contra
ry it would rise slowly and grudgingly,
and he would be in the rear all the time
and in the end find himself cruelty dc.
Ceived and robbed.
Mr.. Schurz denounced the whole scheme
for further initiation Us unconstitutional,
and said that it would be 50 decided by
the Supreme Court Of the United States
when the time came to test the question.
lie appealed to Democrats to stand by
the traditional limitations which their
party hnd thrown around the COnsttu.
ton. lie reminded them Of their pledge
at Baltimore in 1872, when they declared
before the world that
"The public credit must he acrGlly maintained,
and we denOuncc population In every form aud
gulSG."
"a spe@ly return 10 specie payment Is tlOmlnl"l
alike by the highest considerations Ol commercial
morality and honest government"
Mr.. Schurz alluded to Gov. Aliens
speech ut Mansfield, Ohio, in which he
had said that he (Allen) had "sOme reason
to believe that Grant in his secret heart
wants the Democracy to carry Ohio, in
order that it may be said by his partisans,
now, no other man can rescue the country
but Grant; therefore, we must have
Grant"
"I, for my part" said Sclurz, "lo not
wish to see President Grants secret de.
sires gratiIicd on this point. am as
honestly and earnestly rs ever opposed to
President Grants denomination, and
therefore am honestly and earnestly op.
posed to the purchase OF that renOmina'
tiOn by the success Of the initiation Dem.
Ocracy Of Ohio"
Sclur1 said that the amount Of money
in the banks, now greater than for years
past, showed that Il was not more money
that We needed, but confidence. "And
what" snid he, "is the first requirement to
restore confidence? 1t is stability, and
above all things the stability Of current
values, Confidence will not grow as long
Us the wild schemes Of demHgOgues or Wis.
iOnaries hang like storm cloud over the
business world"
Speaking Of France and her great and
disastrous war, Schurz said that she, in.
stead Of initiating after its close reduced
the volume Of her paper money, and the
people set to work in II frugal and lNbO.
rions way to repair the waste Of war.
There was no seli.deCeptiOn in France by
attempts to create fictitious values The
consequence is that we find France to-
dny in Il more satisfactory condition than
the countries around her. This Is n
striking lesson for us.
Speaking Of the volume of currency,
the speaker said that when the crush Of
1873 occurred there were more legal.ten.
ders and bank notes in circulation than
ever before. There were S0,OO0000
more than in 1872; $2O,0OO,OO0 more than
IN 1871; $jl 100000 more than in 1870;
$50, 100000 more than in 1862 $1,000.
900 more than in 1868. And YET, just the
years last mentioned have generally
been called years Of unexampled pros
perily.
Referring to former panics, Sclurz
said that in 1897 and in 1857 the country
was flooded with an ill.spCureh, unsafe
bank currency. The crash came, specIi-
latiOn collapsed, the rotten banks broke,
their currency was swept away, business
was paralyzcd, ind the people were in
distress a. they are now. What remedy
WAS npplied2 The natural, the only eIli-
cent remedy, and IT uppiied Itself. There
was no fresh infusion Of more unsafe
money, but just the reverse. by the break.
ing OF the rotten bank' the currency con.
trnCted itself violently. There was al the
end OF that process far less money in CirCu
laiiOn than before, but TINT which remain.
ed was sound money. People came to
their senses. They began to realize that
wealth was created by honest, sturdy,
frugal industry and not by wild sprCnla.
ton. When the rotten banks and fancy
values disappeared, when the sclf.aCting
Unutsopitnu ~ nurrnunv nnI NpnIit huI