New-York tribune., 1877-08-17
THE CAMPAIGN IN OHIO.
THE REPUBLICANS OPENING GUN.
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date for Governor The following is very full synopsis
OF Judge Vests speech
My friends and negbors have been assigned to make
the opening speech Of the campaign mt home rms
fitting and approximate Just twenty-ssyeh years aEV o
upheld NV hands, stimulated my hopes encouraged ny
aspirations. Many times You tesLnen your hnnr COIL
d"nce by advancing me ron, honor o ,vi,lineness
liany times have yon testified yh Your Wlsssf bs lssf
highest tribute is rendered IL is Ihee' @ ,"a and
who am so deeply indebted to you lor Whal 'u . n
what have been should make th,s ~ n, the
Of my gratitude by addressing you nrst III p openmS ~ & @
camnaign do II the cleeriulIy o.Is"hc ~, ~ 90 ~
will found sympathetic response 10 W. % oi,V ws ~
others Won know they are the convictions OF slcerlS
deduced ny reason and reflection anu, ana nono'''
And first Of ali let me assure you, my friends, ana
through you the good people OF our sbal be r
titled in October 1t shall be my pride anu s mn nnd tor
execute the high Office IN the-lnteresIs VI tice with
all not rashly but in kindness, tenpefng ISL, and
o,emency and throwing about every right oI W
property the equal and absolute proteco o entity the
The Cleveland Convention reairmed as an % ro'y tyrsht
national platform Of s76 on 1t last year we s aqs
and The principles it enunclateS ann & additona
sion are fresh in the recollection OF all Two unlnd
nIants NJ nrincpo importance were added AZ Clevenn
faVorinC the reconciliation oI silver, w - Jrdrs
ommending the creation OF National bureau .,
try The deop interest akened by the labor %
makes tbe latter first in Importance anu IL ,urhances
considered Recent and existing industrial uS, civ
have developed alarming phase In our tst he
zaton and social condition Tue unnap9 r.ulht with
scarcely greater peril than the struggle ior ui''
dominion and separate a5ceudancy. ..xtoo,-
Atthat bursting the volcano beneath our fee,
ing the foundations OF social order ana tIeaoii 80
humiliation the fabric OF industrial ana and ask
dom, thoughtful men look WIN appi,inetti 70 ,cncat
l. the history of the Old World clyilzail9l 10 ton
itself here Is there an irrepTesslole conn1.d nonra
labor and capital nsepaIhble from aug iib;coi ton
ton and diminished employment, whose anaI i,orv
denotes be ayerted only at the eHpese ofed ol for
biugatiOnp This is the grave propcm pihS ~, which
solution. the ovcrshadowing issue OF tne ~ cannot
courage mast encounter aud prudence DECIDE. i II T'
be ignored II we would. 1t should not be- II we couu'
Judge West then referred TO times when chpi'u "nu
labor had come in contact with each other' ana pro-
ceeded to illustrate at great length how amicab~ I"-
ustments should be brought about not by force Of arms
but by restoring confidence to poor and rich alike lie
continued:
How then may It be accomplished Let the
capjtalist prescribe reasonable minimum rate OF
compensaton to paid 10 ALL ana in addition there
To- assume 10 distribute among his aborers the end of
net earnings for the Same time II business prosper
the laboror from whose toll it sprung would share his
tonteutment in receiving all that it in
the power OF consderao employer 10 give.
tions adopted and discussed at the Convention. He said
TO TINS declaration the Republican party, not only Of
fulfilled The debt Of the nation is legacy only less
sacred than the soldiers pension He who in the dark
trusting for reimbursement To the chances OF the
military chess board merits the obligations OF
gratitude second only To him who imperilled life.
II Ii alike tho debt Of honor and stipulation The
Government originally pledged reimbursement in coin
honor the obligation Tno desire 10 equaze the values
and purchasing power of the com ami paper dollar IS
ca parties profess have this object in view. The sub
siantia difference betGcen them i the time and the
method In Ieachug IT, when they shall become ntercOn-
verbe az pleasure the desired result will have been
couplishcd How shall this be brought about with the
least possible detrment to existing rights and interests
IN considering any method tie various interests in
VOWED must be kept steadily, IN view. The money OF
commerce is the OF values. All Indebtedness is
contracted with reference TO the KIND 81 money which
at tle mo is the measure o value ana III winch payment
til ff,f f.t IN Ug
~ ~ once ed IL nalterablc The sfpI-
number Of dollars will be required discharge IL
whether the value Of the dollar De augmented dniil
ihd RS augmentation tends to mjure the debtor be-
case more labor merchandise will he required 10
procure than when the deb was contracted It's deprc
eIcd 10 receive ~ money Oflcss purchasing
er than that with reference TO which the obi CATION was en-
tered into Values adjust themselves to the money stan
dard bv which they measured. If money appreciate
these shrink and decline. III money epiecaic these cor
must therefore work or less detrmcn the injury
dgeudlug the extent and the degree or the violence
~ s H., ,tion N il be gradual the recuparatlve
energies the country repair losses ~ they arise.
The transition may be effected without sensible shock.
~ an the other hand the transition bo 40 sudden
and great as to paralyzo the power OF pro
continued recupeTation disaster must result in pro
on 10 the uuprepared condition Of the country and tho
extent of the change. That financial policy, Therefore.
wOuId seem wscst which VIII effect return 20 specie
eouvalenfs with the least possible imitation The
hand or contraction the other. which VIII STEADILY
but surely improve tie quality OF the currency without
serous disturbance of lis existing volume violent
cbange of commercial values. This understand 10 bc
tb~ iolcv OF the Republican parry the spirit or the
platforms Of Cleveland and Cincinnati
Tnder the almost exclusive agency OF business and
commerce the distance hetween tho inflated prices OF the
war neIod and full restOrd ion OF values has been
rrpwrd TO al par. II possible it wonld be well
10 hermit these agencies 10 WORK out iua resusbut II
NOT before the point br reached the Government
tnuet make it, notes interc0nyertihle. This bu,!-
ness urd commerce cannot compel. Nhat method shAil
be Government adOpt II has been nrged that 1t should
make A further issue Of lcgatcnder notes and Tenhac
their existing volume The OBJECTIONS to this are ii-
supcrable. The point TO be reached u Corn
yalues We have almost achieved the dc
scent from giddy heieht 3f o. lrlauon. III, Ion Inc Inc
cessfuy made without more serious consequences 10
reinnate is only 10 force up the balloon again 10 hazar
nav be- much more disastrous descent Nhen"e shail
have returned To where We are n0thhS WIN nave Deen
gained for lnetc3nyeftnn5 W ae aS 1ir'@m eo s az
pow. But IL further Issue OF rsltch"er nGles were
desirable IL is Impossible. SolnnS Il CLEARER i III
OF the tConstituuon1l power 10 make lis au'-D'As
a substitute for leGil-tender money, except as n
measure Of defence IN the emergency % 70 W.T., y:
The present legaI,enGei no.H WCie I It'll nuu P ~ no
Constitutional by divided count on ths ground loe
H. ~, ,,,urssblity mi. disposes Of the nlpossi
HE proposition retire the National banking currency
~ win rler issue Of lcgaender notes. The public
securities held by the banks are as nVloaDc hs ihose
held by iduals They cannot be discharged WIN ue
iegai.tcnrer uOies Of any ssue without violating the
faith and honor OF the nation originally anu re-
be unwise. The present system oi Tree Danklhg as
the Wit of man return 10 specie payment VIII ehape
the banks make their notes mtercOhNcIDe WIN eoln
M
c,cy ncomnarably superior the centralized political
noyer Al WashIng for regulating the volume ourren
m according To tie wants OF trade IL VIII rls 10 busl
49, interests and To the business men OF
every locality, who know its wants by per
sonal contract with their facilities and power 10
.,nIv tbrse wants as they NAV Another financial
sci,j .srs that the utercOnyerDility Of coin and pa
tcr money can better be effected BY the arbitrary con
irefi and retirement tho leggltender notes uniii
their value shall be brought 10 par win CON- ms M
Iiies discretion in the contracting powers at NaohnS
ION thai light not always be Influenced ~ virtue lhs
nower can be mnch safely exercised BY the people
fula artu
by central jnnta of politicians piled By the buli ana
bear lObbies OF WHl-st ,, a.,