The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-10-07
Carl Schurz.

The appearance of this distinguished gentle
| man on the stump in Ohio in behalf of al
honest currency for the country and i'll favor
of the election of the Republican candidate for
Governor in that State, has thrown consterra-
ton into the ranks OF the inflationists. and
caused dependency to hang over the hopes
of the friends of Gov. Allen, the Democratic
candidate. It is believed his speeches will
have the effect to largely increase the majority
for Hayes, and seal the doom of the reckless
demagogucs who are preaching bankruptcy
and reputation for the country. His first
speech was uttered in Cincinnati on the 9th.
and was an effort of great power and effect
We have not the space to give full extracts
from it, but the following paragraphs indicate
the spirit OF his remarks:
Proclamation has been made by the Demo-
cratic leaders of Ohio that this State campaign
is to be of decisive effect as to the issues OF the
Presidential election Of 1876, and in the very
front of these issues they have placed one
Which involves not only the national interests.
but the character, good name and the whole
| moral being of the American people. An at
tempt is being made to secure the endorse
ment by the people. by the greatest State Of
the West and one OF the greatest in the Union,
of financial policy which, if followed by the
Nationa! Government, would discretlit public
institutions the world over, expose the Amer-
can people to the ridicrle and contempt of
civilized mankind, making our political as well
as business life more than ever the het-bed Of
gambling and corruption, anu plunge the
country into all those depths of moral and ma
tlonal bankruptcy and ruin which, as all his
tory demonstrates. never fail to follow course
so utterly demented i'll its wickentless.
The Democratic platform of Ohio affirms
that the business depression was caused by the
contraction of currency wrought by the Re.
publican party. Mr.. Schurz characterized these
statements as false, and gave figures showing
that i'll 1878, the year of the crash. there was
an aggregate of 100000 more money in cir
cuation than in 1872, and S29,000,00O than. in
1871, and, therefore, the charge OF the llha-
tiOnists that contraction of the currency cals-
ed the collapse was untrue. He then spoke of
the financial difficulties which occurred III
Austria, England and other European coun-
tries, saying that they were caused by all in
crease rather than bv a contraction of The cur
rency. He spoke OF the prosperity of France,
ana a>cribed it to the contraction OF The paper
currency for the purpose of returning to spe-
Gle payments, which had been suspended dur
ing the German war.
In conclusion, Mr.. Schurtz said 81 solemn
ly appeal to every good citizen Of this State to
be mindful of his responsibility. Upon Your
action OF the l2tl, of October hangs a great
dtcsinn. If the people Of Ohio strike down
the imitation movement i'll their midst, that
will be its final overthrow. 1t may linger ON.
but the power Of its onset will be broReu. Ii
this fail and the advocates of harbarism and
ruin rush VIGOROUSLY into the field VI next
years greater contest, then who knows but f,i-
ture generations may lave to look back upon
the One HundredtF Anniversary of American
Independence (the time which before all 9TH
ers should fill the national heart with the no
blcst aspirations) as one OF the blacklist years
in the history of the Republic To meet the
danger here is, therefore, the first thing need
full. Upon tile honest men Of all parties call
to unite in a common effort. Let no one fear
that the defeat Of an opposition party which
uses the advantages of its position to promote
such nefarions schemes will be interpreted as
an approval of wrongs on the other side. For
| assure you. when this great danger, which
threatens to engulf us all in a whirlpool Of cor
ruption, ruin and dishonor, is successfully
averted, you will find the men who combatted
the wrongs Of either side as true as ever to
their principles. Citizens Of Ohio, you are
charged with a great office; you have to give
the world the assurance that the people of the
great.American Republic are an honest and ell
lightened people; that their integrity and in
telligence may be trusted alike. and that man.
kind may count upon them in the forward
march Of civilization. 1 cntrcat you not to
fail in SO glorious duty.