Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1875-09-30
Carl xchurs IN ONO.
A POWERFUL aPEECH A0AlNuT INyk4fIoM-TK1
VICES OF THE OHIO rLArEoY1Ld9roslD.

A POWERFUL sPEEcK AGAINST lNE4fIox-TKE
VICES OF THE OHIO rLATEoYaLd9roslD.
CINCINNATI, Sept 27.-Cssf Schurz addressed
An immense audience 1t Tafnor Hall in this city
tonight, on tue national issues involved in the
Ohio campaign. Hundreds OF people were
turned away from the hall unable to obtain I'D
mission. Mr.. Sohurz directed his remarks to y
review Of the policy Of imitation, which he de-
clared is at Variance with true democratic doc
trnes. and which ought to be voted down by
power in the hands Of Congress to
"make and keep tho volume Vt cur
rency equal to the wants OF trade" would
be to transfer to them . dangerous and
awful power-0ne which would place the buzz
ness OF every man In this country completely st
the mercy Of that body. He declared that HON
est government would be impossible under that
policy. He showed that the panic Of 187qnfa.
not due to \ contraction OF the currency, md
that the only remedy now for national financial
evils is . return to specie payments. One Of the
most striking features Of the remarks OF Mr..
sohurz was the picture he presented OF how m
tlation would affect the rich and the poor. He
showed also in q striking manner by figures, de-
rived from authentic sources, how imitation
would strike off from the deposited savings OF
NO 'kingmen aruinously large part OF their value.
EXTRACTS FROM scHunzs SPEECH.
Arguing that intlstion would give further
wealth. to the rich, he said -
Here is laboring man who works for wages.
He is honestly toiling to support himself and
his family, and maybe he has succeeded in saw
ing few hundred dollars, and deposited tho m
in savings bank. Now Congress resolves to
| issue more money in abundance, and imitation
comes in good earnest. Tho laborng man who
has listened to Gov. Allen or Gen. Gary thinks
| the millennium is coming The peoples money
will beplenty, the gold premium rises, aud pit
| ces Of commodities also. The worthy laborrr
does not, like the rich man, read the financial
articles and market reports in the metnp-
politan journals. The rise OF gold premium
troubles his mind very little, for the pep
PIES money is to be cheap aud plenty; bht
some day he goes down to the store TO buy things
for his household and his family, and to his sur
prise he finds that the prices OF groceries and
shoes, and clothing, and 30 on, have become
much higher than before. How il this he asks.
Well, says the dealer, gold has gone up and
have to pay much more for the goods
buy, therefore ! sm .s 2Illlgsd ... to chArge
Hake' hidiiey lender Tor couple OF Mn
| dred dollars at low interest, OH two or til &c
years time. to be secured by a mortgage on te
house and lot. Low interest and three yeas
time" exclaims the money lender, "my der
man, you do not understand the period; sine
| more and more greenbacks are issued, the ysl-
| uation OF the dollar increases rapidly and il
lond you money now, on three years time, hoy
10 know what that money may be worth at tie
end Of three years. perhaps ten cents in gold II
nothing, and you cannot pay me interest enoug,
| to cover that risk
But there are more curious experiences i,
store for him. Tho policy of "making and keel
ing the volumes of currency equal to the want,
OF trade" requires the issue of larger anil
| larger quantities of the peoples money, for til,
wants OF trade instead Of being satisfied do
mand more. With every new issue the price,
OF the necessaries OF life rise higher and high
or. AS the value of paper money goes down
the specnators and gamblers of tic country III
roaring business. Prosperity develops tt
such point that bushel of coal costs S2t
anu Jack.knife its weight in groenbacks. The
| worthy laborer's deposit in tile savings bank
once sufficient to build a little house, will
no longer buy decent pair OF boots,
and as the rise of prices of the necessares 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 his precau-
tons. He can do so, for he had knowledge and
means but the poor man is victim to his ne
cessities. 10 take precautions is not possible
iof MN: He Is swept along by the tide. A feel
ine OF distrtlst crceps oyer the business commun-
Ivy. One day our worthy laborer goes to his
place of work as usual. 81 am sorry" saws hia
employer, who shifts tile breeze " thore il an
oyerstocked market and downward tendency,
ana am obliged to take in sail have but liz.
at last"
The shipwreck is complete. The rich man is
IN tue life boat and the poor man in the break
ers with nothing to float him. About that time
l hope Gov. Allen and Gen. Gary will come along
and repeat their speeches about 'i The people 5
money" What will then tho poor laborers re-
spond? Talk to me about your peoples
money 1t is gamblers money, the bloodsuck-
er's money, the sharper's money, the devils
money" And it may then perhaps BIO wise for
Gov. Allen and Gen. Cary and the other apostles
OF " tho peoples money " to stay away from the
streets where their robbed and outraged victims
congregate. Iappreliend the vengeance OF the
poor, which MIR. Kelley Of Pennsylvania in this
campaign go loudly threatened Against advocates
OF resumption might turn the other WAY,