The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-11-04
POLITICAL.
SECRETARY sHERMAS's SPEECH AT HARRIS
BURG SATURDAY NIGHT.

SECRETARY sHERMAS's SPEECH AT HARRIS
BURG SATURDAY NIGHT.
HARRlsBuRG. November 3.-Secretary
Sherman made speech here last night
Hesaid the rebellion had been crushed
but the spirit which animated It had NOT
been eradicated, and to-day millions oi
people in the South were denied their
rights, declaration which would be YER
ifed by the elections Tuesday night.
Ku-Klux marauders had roved over
communities, driven negroes before them,
and committed many murders for opin'
ions sake, and now as effective, but a
milder sort of intimidation prevailed. For
three weeks In several States, the Demo
crats had beenNt Ntefrorizing negroes to pre-
vent them from voting their opinions.
Reference was made to the Anderson.
Sherman" letter, which was pronounced a
forgery, known to prominent Democrats,
who had suppressed the fact to his injury.
Abiding to the cipher dispatches, the Sec.
retary said the Democrats had endeavored
TO buy the Electoral votes Of three States,
and the people would never be satisfied
until they got at the bottom OF the Sillany.
He hoped Congress would push the mat
ter and ferret out all the, guilty, and the
ltiwodld, no doubt, show more Demo-
cratic fraud. J(I
Secretary Sherman discussed the finan-
cial question. He was in favor OF the
largest possible amount OF paper money
that can be maintained at par with gold
and silver coin. The Republicans were
true Greenbackers, inasmuch as they be-
lieyed the greenback should be made as
good as gold. He rocked the greenback
in its cradle, and witnessed its growth into
a great giant, and had respect for it. 1t
had increased in value from 40 cents TO
9Ol, and on the first Of January it would
be worth as much as gold. Since the
panic OF 1873 and the passage OF the Re
sumption Act, business had gradually i'm
proved. 1t was to the interest OF the Ia
borer, mechanic, farmer and merchant to
have the purchasing power OF the green
back made equal with that Of gold. He
said tliis, country had more paper money
than any other in the world, gauged by
population. The difference between the
Republican party and its opponents was
that the former advocated convertible
greenbacks and the other inconyertible
He thought the masses OF Greenbackers
we're honest in their views, but they
had disregarded tbe lessons OF nature.
He had been abused for his connection
with the Resumption Act, but he believed
| il beneficent measure. Every promise
made when it passed has been fulfilled.
The fractional currency had all been re-
tired, and now the larger amount OF silver
coin had taken its place. Although there
had been gradual retirement OF United
States Treasury notes, there had been an
actual increase OF currency. No one had
been injured by the Resumption Act, but
much good had been accomplished.
There were now in the Treasury $l4l 1885,
3a6 with which 70 carry out the provis;;
iopsof the Resumption Act, and he had
no doubt the process would work smooth:
". The good sense Of the people would
not wipe out the National banks.
Their sudden abolition would produce a
panic to which that OF 1873 would be no
comparison. The National banking sys-
tenn was the best ever devised. To com.
pare Statebanks with National banks was
iike comparing wigwam to handsome
mansion. To wipe them out would be kill
| ing the goose that lays the golden egg, as
they furnish millions OF revenue TO the
Government
Secretary Sherman closed by referring
exultantly to the large increase OF exports
oyer imports,a sure indication Of a return
ing prosperity! N5l +