The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-01
TALKING COMMON SENSE.
The Financial Question DiscuNscd 50 Every
body can Understand H..

The Financial Question Discussed 50 Every
body can Understand II.
The address of ex-Attorney- -General Gil
christ Of New jersey In kepler Hall, Jersey
CITY, last night, was one OF the most notable Of
the canvass The occasion was the ratification
of the nomination OF Mr.. NJ. NJ. Drohan,
President OF the Jersey CITY Board of
Finance, for member OF Assembly in the
First District. Ell Assembyman McGiII pre-
sided. MIR. Gchrlst referred to the existence,
before the foundation of our Government, OF
sovereigns bv divine right, who Issued patents
OF mobility, and conferred emoluments to sus-
tain them which entaicd suon heavy taxation
upon tie people. Such a system. no said, could
not bear the hght Of reason. and renee thore was
no free thought or free speech. Our fathers, see-
ing the III consequences to the people OF such
system, derived the lesson that every man should
deal justly and honestly by his nefghbor, and
hence they derived the principle that republic
g nnot exist without honesty. Government Is
Ike anvtnlDg else. 10 wish to preserve II, You
must hrst love IL. What Is there In tho Repuo-
lictn party to love2 We dnd In our population
now an entirely now element, never known out
side OF lt"ly and Ireland tho tramp. Thy
re considered as idlers and vugabOnds.
mos, 11 of them, SS% hmercsa xSfEEps@ss sesE Sss
who are able anu willing to work, and VINO seek
work IN all quarters Of tue country, hut are un-
ahle 10 nnd II. lhis, he $ I'd. Is our disgrace at
Mr, Schenck's essay on poker playing. bv Mir.
Iierreponts Invocation Of the spirit OF L1dy
Mary through the medium Of DR.. Flnt's Tea.
an English reception that he came over on an
Ehshsn steamer because there were
no American steamers to come on.
Here was an American Minister exposing the
nakedness Of his country, by wnicn. although
when we were only colonies tnree-fourths Of
our commerce was In our own hands. and now,
alter fifteen years OF Republican administra-
non; n three fourths OF our commerce is IN the
hands OF the British. The tide of emigration
which once poured into the country. and wnichin
itself Is wealth, has now turned from ". He went
on 10 snow the distress existing in Jersey CITY.
Paterson, ana other manutact 4ring cities. 7OO
men being thrown out OF employment IN one
Paterson factory. He said the question whether
aGovernnent was responsible for commerci /
distress mas hitherto been complicated with the
consideration whether the people had not sent
the currency out of the country for luxurtes;
but here that l. out OF the problem, because 1t |
VIII not 90 even To Canada. IL stays at home
ana overiows the banks. for the PROSPERITY OF
the peo lie, the products OF LABOR and money |
are necessary, but so Is honesty. The people |
hiu c9nhdence IN their currency throughout tue |
war II depended upon the credit OF their |
rulers. IL cost dollar to produce a dollar IN |
gold but dollar bill in paper cost as much to |
proouce as alwenty-doll r one Congress and the |
Executive put the figures ON them. II they were |
would be dishonest.
He briefly illustrated the evils which alternate |
inuatlOn ana contraction entail upon the manu-
Iacturets and other business men. aud said tnat |
no manufaciery In the country to-day can paw |
Us employees every Saturday without borrow
ing and the money lenders were unwilling
10 lend, because they had reason to sus-
pect the honesty OF members OF Congress. and
uld not know whether the money which would
buv ten brown-stono houses when they lent IL
would ouv hve when II was returned. lie illus
trated his position by reference to the
Credit Mvbilier fiauds, the operations OF
Jaync against New York merchants and Of
Sanborn and ien Butler. including the rail-
roads, and my showing that these and G. her
iis i closures oi fraud on the part Of our ruiers
he panic which succeeded IL, anl which mas
continued to the present time.
Mr. GilehIists speech was followed by ad-
ir sses by MIR. DrOnan anu 10y Senator ALBEIT |
md ex-senator Winfield. aud the meeting. winch
Vas large aud enthusiastic, was continued until
, In a