, 1876-11-06
TIE GREAT ISSUE.

YORK Np31SESS-MEN.
Special Dtt,1tcA to The 7ftaune
New Yonk, Nov. 4,-Thc Hon. Lot II. Nor
ril1, Secretary OF the Treasury, spoke IN N'al|
street this afternoon to not less than 5000
bankers, brokers' and businessmen generally.
This scene ras such an ono, said an old broker,
as Ind not been witnessed In Wall street since
the day Fort Sumter was fired upon. 1t was
certainly m earnest and kccn-wittcd nsscmbly,
which showed fta appreciation of the many
points made by frequent bursts Of applause.
When the prolonged cheering TINT greeted him
would permit, Mr. Morrill, said:
Sixteen 3casa ago last March, Wien tho party
camc into power, in whosc interests ron aro hero
Government Of yons country was broken asunacr.
snven Of its statos were in orrn rebellion. They
had s xh
other words e1suaerata nothlux when say to
nation Of ours had neither nationality credit,
What do you say OF II to.days All tho potentstcs
e tl @ h sf Ta
them at our feet, and they do III hon0E. 1ts M
tionallty is assured: y ranks 49, ss
among tho nations OF the Garth. and, a. to It's
credit, It Is sccond to no other nation In Europe
stss ssssp Of h
t.: 'Sa" p' sFs su &c"
entlEa exPcHu1ute. 3ou senl!eMGh. an4 !.
.!ot I 81 % psoes y Ttne s. II e,s 'i i
no answer for such cxttavagant and enormous ex.
show ior il. Wei, wo have ,nstioualty =.
deemed. rc8encrased. assured, and reconstructed,
on of That
equal rIghts that nationality and it, flag, it, SYM
bo1, means q shield and protection to all men.
high and low. More than that. you hare eatab-
ltshed national credit, at the lncntion of which
THE coFrEHs OF THE OLD woNLp
ay open on thelF anses TO take the l9westE,aie Of
hut, II there Ia man here who tatnke tho cxprnat-
tuEo could have been better en,pUyci lie had bet.
when our nr,uics crossed the Potomac md rntored
c Rebel Territory down 10 TIC close Or the eonasct
Il H. snGnt ~ sS sfspea Of
wne expended. tho ncxk thing hi haa hotter lo IL M
dig up the bunes ot the dcaA patriots who pesahcd
Vi Tho Democracy, tho hope VI tho Lost Cause, and
Whst Tho spssaSs sass: Lst Ssy
IT IS lNCIrlEHr Rebellion.
7 Is inelpient nsarreetion, It tends tq dieordsr
oday taronghoa S ay entire sSth Sa d.iasSs
1tie ef te unts states shsli seni the M army 10 ro
serre tho public pssee Lst nle m teIl you, NY
't' Viii Il wss beioro ho Wsl1isebeiilo'' s' liz
h%ssan sys I'd, aua tho
thing ~ public life. Public credit IL tho life. blCOa
Thefs can cr 6o no public credit w,.hnat nationality.
Thsrstose tlcsc two thinEs ats she greatest
n son s s q ns,o[ hsy ;ss
~ the g1eat Fundamental principles of OUT Con.
somethlng has been sata, SONG question has
s!e scss IL sas a esed y tst Gas s"s
crnment In 1901 WAS very nenrly what 1t was tn
1875. That may DO accurate will read trola IN
spacious that On it, face Ii tpoka though II were
sound. speaking OF the rrcdtt Of tho Government.
Ysg hs sna sa Se :1 soeaa m
cont bombs with ten years +. run u :o:1oo VI JET
bsar il, Mild That lilo 0oycTnnent oi tho U,iud
sta!ea IN 1870, ~ had - naso represented II toba
& saa s s ,s 70 "fs 1s ao q aus. esns s
male that speech AZ not believe hs intended tu
HOW vHttr MUCH MISTAKEN
he was: IN June: 1850. Uolgrcu. authorized
.oss .! s:i 9oo ay9b,S T., H tsn ysa5t y
Slu 600 u00 Ut tai loan to thu public, and II was
pad ID a a. ayctsgo sato "5 l.le r. q ! Ect @ scns
600 wsts paId fof ia ihst WY. .vhe biicfs pat Up
coaterais ecssa millions Of that loan wsra takon
ndt Tus 5 Saafs S w. To- 4
up In November m clccltun bud takcn rlace IN
TGsy fotis'ea shs 4. SSo, o1o: ,rlsy iotieiel "
country was nut exactly pottcct. lbut what bs-
came VI tho balance VI tho loal,, 'fhc .ioxctnent
was In debt. thu dnanccs weIs run behind. Thu
Gotsrn,aens esnl4 sat Fay Y: r. debit. 4 could aos
hayu ,hu whole of il ioancd. md why didnt theyi
Simply beesaaS they could nut They nssct rot MI
q u was mover put upon tho market, mud FROM
taat tlme down to !he t,Hlo that tae Dsmoera.
ppon tse market. either II th!. country o. abroad
gyntlenan 10 whom / refer. 10 IL inaccurate.
lie dues not toll you that portion Of that loan
Was taken Ut thAl, and that . portion Ut 1t was
declared to bo txkcn It forfeiture Of per cent,
and that the balance pf It WAS fund 10 bo
IMPOSSIBLE TO tut UPON Tilk AAAKEr,
saeh VIVA tho condition ot our credit At that tins.
The nr1t proposition VI tho gentleman in. that III
FcbruaEy, 1eDl, tho tlasctnulcnt authorized t9sn
Of W. 0Oo. 600. payabls iu twenty Years aud that
~ not yet due. ls tells you that ~ o00, QUO Of
that loan w. put upon tho uatkst-1 mean 70 b.
accurate In thfs-st prices ranging from otA to 95.
70 that hn says tho Gorcrnmeat wAs ablo to borrow
:. e5 per cent. Wsll, ny tslsnda, that fact turns