, 1876-11-05
The Greenbackers of South Chi
cago Ask Geo. S. Bowen
to Step Down.
Enthusiastic Republican Meetings in
All Quarters Of the City Last
Evening.
The Municipal Reform Club Gets Out
Another Address-.-Brentano
at Dresden.
John E 0lough Repies to the Malicious
Charges Of tbs s-2eitung."


IE1E 0hEAI l6SU II.
SECRETARY MORRILL, TALKS PLAINLY TO NEW
YORK BUSINESSMEN.
Special Dispatch to TIE Tribune.
New YORK, Nov. 4.-The Hon. Lot II. Nor
rill, Secretary Of the Treasury, spoke in Wall
street this afternoon to not less than 5000
bankers, brokers, and businessmen generally.
The scene was such an one, said an old broker,
Us had not been witnessed in Wall street since
the day Fort Sumter was fired upon. It was
certainly IN earnest and keen-witted assembly,
which showed its appreciation Of the many
points made by frequent bursts Of applause.
When the prolonged cheering that greeted him
would permit, Mr.. Morrill, said:
This looks to me very like business. feel
that I ought to congratulate the country that at
length the business instincts Of the people have
become conscious Of the impending danger, and
hail it as q harbinger of that success which in
the providence Of God and In the right VIC shall
witness next week.
Sixteen years ago last March, he continued,
when the Republicans came into power, the
Governing rut of the country WIS broken asunder,
and seven statoe We're in open rebellion. Tho
credit Of the Government was below par, and in
Europe this great nation had
NEITHER NATIONALITY NOR CREDIT.
What did theysa of It to-day? All the Powers
Of Europe had greeted us on onr Centennial
anniversary, and sent their treasurers here TO
do Us honor. Now, what next9 Why was there
anY doubt that ne were not firm aud strong in
all rcspects2 Eternal vigilance was the price OF
liberty, and it cost not less to preserve that
treasure than to acquire it. When our national
WAS achieved our forefathers
thought they had accomplished something, but
to preserve this heritage had cost the country
ELEVEN BILLIONS OF DOLLARS.
In the last sixteen years this work had cost
create deal, but it WAS worth all it had cost. The
entire cost Of the Government since 1739 had
been little less than fifteen billions, and Of
this, as be had said, eleven billions had been
expended in the last sixteen years. This seemed
cxtravagant, but by it the Union had been pre-
served, and its institutions made in harmony
with the Declaration OF Independence. II any
one wanted to know how that money was spent,he
had better go to the battle-felds OF the South
md dir I'D the bones Of the patriotic dead. The
Democrats said they had Solid South. Well,
they always had it. What did this CITY mean
now1 "a voice. Another rebelnon."] It did
mean incfpient rebellion, and that the President
Of the United States had to send troops to the
South to preserve order. The Solid South Was
TIE TROJAN HORSE OF AMERICAN POLITICS.;
out he thanked God that It's managers did not
1avc the same chance they had ouce. The
American people had learned something, and
me greater part we're not Bourbons.
Mr. Morrill, then took up the question Of the
public credit. He said that as result Of the
Var, question Of finance came up involving an
enormous debt. When the War closed, this
lebt amounted to $2,S00, ,000, 900. There was
L1so, as result of the War, disordered cur
ency, which was an evil to every class. Any
hing which tended to injurc the credit Of the
Government was an injury to the credit Of
very citizen. What was now to be done in re-
,ar1 to the payment Of the debt aud
THE RESUMPTION OF SPECIE PAYMENTS?
What did the Democrats say On these questions7
he speaker then read the declarations OF the
Democratic platform on these subjects, quoting
he words, ''Rcform Is necessary to restore the
ublic credit" Now, II what he had said was
rue, the public credit was already restored. !
he question was how to maintain It. This
latform also said that reform was necessary to |
aaintain the national honor. That was rich. |
his CAME from party whose administration t
then the Rebellion broke out said it was very |
orry but it could do nothing to prevent it. +
Mr. Morrill, then spoke OF the great reductions |
t the national debt under Republican Admin |
;trations, and said that year by year the public |
Expense had been subjected to the most rigid |
crutiny. They had been reduced
PROM $500 900, 900 YEAR TO $3.50, 100000
the last fiscal year, in round numbers, inc1ud- |
1g the payment Of Loo, 900 OF the national |
cbt.