The New York herald., 1878-11-01
STRUGGLING TOR THE MASTERY
Progress Of the Contest in the
Local Political Arena.
THE REPUBLICAN RATIFICATION MEETING.
NatiOnaliSts and GreenbackerS DenOunc-
Ing the Combination Ticket.

TEE REPUBLICAN RATIFICATION NETTING
SPEECH OF EDWARDS PIERREPoNr ON THE
MONEY QUESTION.
To the surprise of those who attended Il the repub-
hcan ratification meeting At Cooper Institute last
night not large. 0ne-iourth OF the seats in tho
Dg hall were unoccupied and there was, contrary 10
expectation, meeting outside Very little
enthusiasm manifested, tact which
was probably duo TO the absence Of fireworks music
and all the other accessories which generally enlven
fsuch gatherings. The number OF gentlemen who sat
: upon the platform small Thuriow Weed was
sne OF these, and his entrance greeted with ap-
splause. hr Clarence A. Seward acted AS chairman
OF the meeting and list OF vice presidents was read,
the names OF Hamilton Fish, Whi.eaw Reid, General
John A DIX, George Jones and General Daniol 4.
Sicklos being prominent among them. They were
duly declared elected, and resolutions we're then
passed ratiiying the Saratoga nominations.
Mr. Seward made a bret address upon the financial
question. He was IN favor OF having dollars worth
400 cents each. The theory OF fat money no mover
had been able to understand. rne Almighty had
said, .Let there be ght,n and there light; but
It had never until n0A occurred that a people
attempted 10 usurp tho divine preroga-
tive by saying. "Lot thero be money" Mr..
Seward referred the worthlessness OF the
old Continental paper money when 1t became
Bviuonb taat IL coulu not Do rcuecHcus aitdouSn -
put forth with faith OF Congress pledged to
redeem il. 1t held by many that the dissemina-
tion OF sound financial principles would serve the
republican cause therefore it was that the Hon. Ed
wards Pierrepont had consented 10 speak to the
meeting TINS subject aud whom ne had the pleas
ure 10 introduce. As Mr.. Pierrcpont came forward ne
was loudly apRlauded.
Mr. PIERRRpoSr's SPEECH.
We have come ne said, to talk about money. The
subject 10 not new, but the substance Is always at
lractive. have not the lamp OF Aladdin, nor can
Isil you how TO make great fortune in a iittle
time; but l may, perhaps, say something which
shall tend to tighten the Iaborsr of his toll,
through better understanding OF the principles upon
which prosperity rests Quite early IN the history OF
civzation IL was found tnat men were endowed with
very different faculties. Some had skill in The work
Ing OF metals in rude tools and machinery some
could make boat and Others could sa,i 1t, and
some understood the iage OF the SOIL Finally 1t be-
came apparent that if each would the peculiar
talent winch he possessed the products oil the same
hours OF LABOR would be largely increased
and he community p-oportiona,ely enriched. In
convaniences ip making exchanges led TO
the invention OF money. But money would NOT
answer tns purpose Of exchanging products OF value,
divided without loss; would not perish with the use
and coo,d DO easily carried from place to
1t would decay and was not convenient
70 carry IN the pocket. Many other things
would destroy the bdik weight would
prevent them from being carried about In the ruder
plGmage and skins wero used as money; and to-day,
sheep are the currency among the great tribes OF
Central ASIA and human he is valued at more than
y hnndred head Of sheep. BY the statutes OF New
YORK its extreme limit OF value is Ave thousand dol
!. lars.
N#M TIRE VALUE OF GOLD.
= The speaker hero TO snow that the desire
Tor gold and its value money does not depend alone
= upon its scaiciiy, ana said, to illustrate his
: point.-lts endless and its alluring beauty
make u more desired than other metals
! OF greater costiinoss. There twenty known
metals, pound o. which will buy more silver dollars
Than peunu OF gold Will buy. but these metals have
no beauty and their uses are few.
hold IN my hand some paper money issued by q
. once poverfui government know II to he genuine |;
while General Dix and we're trying The prisoners Of
state we took II from rebel spy.
I. VIII read The stamped lnscrlpt9n:-