The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-10-01
CARL soHURz.
The Cream of his Speech nj Cincinnati
last Saturday Night.


Tie Cream Of his Speech Mt Cincinnati
last saturday Night. .
A NAN Who knows Several Times nv
Much ~ Ben Wilson.
/ think ! may take leave OF fiat money
and turn 10 our Democratic friends who
are possessed with the "Ohio idea" II l
understand correctly the newest phase Of
the "Ohio idea rs put forth by the Dem
ocratic Convention OF this State and sever
al conventions in other parts Of tho II
try, 1t is us follows: The Resumption Act
is to be repealed; all reduction Of the pa
per currency is to cease; %grcenbacks are
to he n legal tender for duties on imports;
all restrictions to the unlimited coinage Of
silver are to be removed; the National
bank notes are to be withdrawn and green
backs are to be issued in their stead; the
sale OF bonds for the purchase OF coin
for resumption purposes is to be stopped;
the volume OF the grecnback currency is
to be determined upon by legislation or
constitutional amendment, $50 as to assure
the stability OF their value as we'll as vol
ume." think ! have stated it fairly.
That a man thoroughly welded to the ir'
redeemable paper mania should make such
a platform his own, ! can understand. But
how n man, who thinks the resumption Of
specie payments ut all desirable, can adopt
il, is to me utterly incolnpreliensible.
For any intelligent mind will sec ut o
glance that its adoption will render re-
sumption absolutely impossible, and per-
petuatc the regine Of an lrredcemable pa
per currency for an indefinite period. in
TACT II there is any logicintlls programme.
il means the permanent establishment OF
ir%redeemable paper moneNswith I'LL Its dis
astrous influences. =,
First = they demand the prompt repca!
Of the Resumption Act. remember some
Democrats in the Senate who voted against
the Resumption Act, not because they did
not desire resumption, but because they
did not consider the act clear and ei'ec-
tive enough. ! myself criticised 1t on ac-
count OF some OF It's inlperfectios, but vo'
ted for il because | was determined 20 sup
port any step in that direction. have
ever since been glad that did so vote, for
the Resumption Act, in spite OF its imper-
fections, has proved moro effective than
many supposed It would. IN 1876 the Dem;
~ocratic National Convention demanded
the Repeal OF the Resumption Act, not be-
cause the Convention was against It, but
because, according to its declaration, 1t
was earnestly for resumption; and because,
as was pretended, the Resumption Act was
an obstacle TO resumption, u thing when
have never been able TO understand.
And now your Democratic Convention
and many Others demand the repeal OF the
same Resumption Act, not because II Is al
obstacle 10 resumption, but because 1t has
brought it on. And inheGd,. unless they
hurry M that repeal quiGkly,it vii! appear
ike the repeal Of last years almanac;
Now, what Is the meaning OF this demalI
for the repeal OF the Resumption, Act?
Here stands the Government, and says,
"For sixteen years We have promised 10
redeem these Treasury notes on demand,
dollar for dollar-a dollar in coin fora DOL
lar in paper. For sixteen years that prom
ise has stood d%ishonored. Now am able
and ready to fulfil il. lam able and ready
10 fulfill Il. lam ublc and ready to make
and keep the pensioners and the laborer'S
dollar. the merchants and the manulae-
turcr's dollar us good as the bondhOldor'S
dollar. am able and willing to give to
the business Of tho country the safe foun;,
dation OF q sound currency, uniform and
stable in value, in harmony with tho mon
ey OF the world. All | want IL TO be per.
mitted 10 execute the law" W~her6upon
Won. nv Democratic friends, answer,
aWhether you he evcr so able and ready
TO do all this We say thou shalt not do it,.
and then YOU proceed with . number Of
propositions, eacl, and all OF which are 10.
signed otakc and keep from the Govern.
ment It's ability to perform its long di!hon-
nrei promise, md 10 do the beneticent
things il stands now ready to do. The
Government says, 81 have now some $1l6,.
WOOO0 In g~rcenbncks to take care OF.
with the coin | lave | feel strong enough
TO commence and maintain the redemption
OF NIL OF that quantity that are likely TO he
presented for redemption. There are now
sS9l, SOC. 900 OF National bank notes In cir
culntion, which are redoemable In green
backs. This system aids me powerfully IN
commencing and maintaining redemption
inasmuch as It relieves me OF direct rcspon'
sihiIity for about OnG-halt Of our paper
CURRENCY, Willie all Of It will MAINTAIN
the same current value. We're l directly
resnonsible for the whole mass OF paper
money, %SD70,N00,0O0, my coin resources
would not be sufficient to resume specie
naymentS;" whereupon You, my Demo.
critic friends, answer, "We demand tina
tho National bank currency DO withdraw
and preenbacks, for which the Government
il directly responsible, put in its place
This we demand, whether cit renders you
unable TO resume specie payments or o
The Government says, further: ",Fha nv
sumption Of specie payments renders nee
ossorv considerable reserve OF coin ln
the rrcasury. l used to receive gold
through Tic iuties on imports, which, how,
aver, was mostly NODDED for the payment
If interest on Rational bonds. II specie
~, vments arc assured, that SOURCE OF coin
reyerye may 10 dispensed with, but only
then to enable me to accumulate a rcsorye
NJ coin, IL was necessary that ! 10 permit
tai N nnrchase coin with bonds. and, J
was permitted to do so by law. Il by tht
substitution OF grcsnhaGks for National
bank currency, the amount q paper mon
; ey Tor which ] am responsible be doubled
. tain tho payment OF lutiHs i1 pobg, A9g e
COON with tho sale Of bonds for goln, y v.
are ever to prepare for resumption.
: WIereupon, YOU, my Democratic friends
i. damand thai ul