New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-29
REpuBLnAY CAMPAIGN SPEECHES.
SECRETARY sCHURz IN BOSTON.

A SPEECH on FINANCE, IN OFFENCE or THE POLICY
OF THE REPUBLICAN PARTY.
BosToN, Oct. 2S.-Secretary Schurz spoke at
fremont Temple tonight finance The building
was very much crowded with people, thousands being
turned away, unable to fnd staDdng- even, near
the The speaker ertered the hall at O'clock
accompanied by Governor Talbot, Senator c. +. Hoar
and Collector Beard The appearance OF the party was
the signal for longcontmued applause, which was re-
peated Mr. SchurZ introduced 10 the audience
The speech was substantially the the de-
livered Cincinnati covering the ground and adj
voeatng the things, but bearing moro especially
upon the manner in which the financial question affects
the interests OF the workingmen. Mr.. schurz In
beginning, said that he could net repress a
feeling that IL ought 60 be superfuous TO try
TO prove by argument that maintenance
OF the National credit is required by honor we'll in
terest; such effort should be- little a. to
explain to a virtuous the merits OF the Teo Com
mandments. to demonstrate TO intelligent man the
veraeity OF the multiplication table He continued:
The confusion of ideas with regard to these subjects
which prevails here and there and which at present
renders such argument necessary undoubtedly owing
TO the fact that for some years times have been
hard. and that under the sharp pressure OF
embarrassment or distress tho minds Of many
well-disposed mon are eagerly seeking for means
OF instant relIcf. and are thus misled by
which in healthy state Of society they would at once
reject unreasonable ana dangerous just
aft eted with painful disease are apt TO grow impa
uent at a ratona and systematic cure, and then to
sort any kind of quackery which pTeeDds 10 perform
Miracles With Of that class have to deal.
The speaker then said the workingman desires policy
which will give him steady and remuueratye employ
ment, and he will prefer money system under which
his wages viii be paid III which be can de-
pend. with reference TO the former point he said in
substance:
What want to point out to you is--and invite you
TO consider VIVA. say with eandOr end camness-that
1t Is at least extremely doubtful whether. sitH-
ated as we now are, an expansion OF our
trr..I liar tuhl n
feet OF stimulating business. and produce even a
fictitious prosperity for short period In fact am CON
1uced would not be the edect. You must not
forget that the Circumstances under which new ems,
are essentially different from those under which
tho grecnback frat made It's appearance Then
upon the precious metals. and the adoption OF Wild
schemes Of rredeemable paper money as permanent
il 50 enormous thing, utterly unprecedented
in the history OF nations, so uuintthgibe
aud startling 10 the common OF mankind, that IL
viii be apt T. shake the confidence of the world in the
integrity OF Government and IN the intelligence ana
good faith Of people. The Spectre Of reputation
viii appear behind SO reckless financial policy, and
the credit OF the Government and the people
not be surprising To have the bonds Of our states
and municipalities, OF railroad and other companes.
flung In enormous quantities on the maIkct ana SHOCK
the credit OF the American people NAV bring upon US
Of indebtedness in variety OF forms so IN
manageable as TO produce another PANE sun more de-
stfuctiye, and paralysis more deadly than any We
have suffered No prudent man will question this posi-
And what will be the effect OF all this Can there be
hody To believe that fhs Is the 70
restore that confidence which Is tndspeuS
able the revival OF busnessR l. IL thus that capital
can De uTpd retirement trust Itself To the
chances OF enterprise2 Il il thus that credit be
stimulated set In quicker motion again the wheels OF
our business machinery IL " thus thar you expect
10 omen your factories again, inviting the laboTng
masses long out OF employment appeal 20 vou my
fellow citizens OF occupation or walk ~ life
consider the outlook moment with that unpr JUDGED
ealmuess which belts sensible men There l. not one OF
who after such consideration, VIII fail 10 JON IN
conclusion tina: policy adventurous aud Wild can
scarcely fail 90 create alarm and dstrus -distrust
general and deep, and that this distrist VIII fall upon
the business activity which. with the prospect OF specie
paynents before IA, Is hopefully rcyiYinG, Ike
bliRht more deadly than confusing the minds aud
parayzuc the courage OF honest the exercise
OF whose energies the prosperity OF the country depends
and opening field OF action only 10 the reckless specu
ators and gamblers who like to fish IN troubled waters
and whose conscieuces do not shrink from building up
ll.gUtfen fortunes the ruin OF general good is
that ,he lively business you desref
with reference TO the second point, Mr.. schuTZ |
pointed to the iuctustiug value Of paper money the
fact that prices would rise under grocnbaek policy
faster than wages and the inevitable depreciation, with
its scaling down OF the value OF deposits OF savings lie
closed with long ana earnest appeal 10 the working
men 10 show their selfrespect and common sense by
standing by the resumption policy