The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-09-27
Senator conkling as President Re-
views the Situation.
A Platform Which Calls for Fair
Dealing in Money and In Politics.
A Severe Arrangement Of the Demo-
cratic Party.
New York Democracy at Syracuse.
Gold, Silver and Convertible Paper, Revenue
Tarif, Honest Payment ofthe Public
Debt and Specie Resumption the a.,
Features Of the Platform. -


/
SARATOGA, Sept. 2G-The Republican
State Convention organized to-day, with
Roscoe Conkling Chairman and permanent
President. The Senator after acknowledg'
ing his hearty greeting began his speech
He said We have met in 4 year, likely to
be the hinge on which much in the future
may turn; q year which, in its political re-
suits, will leave deep and lasting impress
sions on other years America, in COM
mon with every land in Christendom,
has been passing through perils Of depres.
sed industries and commerce; labor and
capital have both suffered much every
where. Hard times have fallen on all lands,
not on all alike, because less heavily on
ours than others. Great Britain, Germany,
France and other countries are passing
through deep tribulation; We have even
passed worse, and restoration grad
nal but constant and sure, unless the
the want OF wisdom takes away the match
| less sresources OF the country, will not fail TO
cure our business disorder. There are three
things that can be assured, first, that Con-
gresS must not destroy the headwsy which
has been made, and launch the country on
q new sea OF confusion and agitation by
wild and reckless attempts to control the
laws OF trade, and to create values by
legislation. The financial stability and GER
tainty on which men can rely and calculate
ahead, must not be exchanged for explod-
ed theories or novel devices. The perman-
ance and fixedness in the laws are better
than philosophy or even perfection. Cd.
Ne must have frugal, honest government.
earnest and steady administration and
honest constitutional currency, will. pub
lie credit high and untarnished, and the
public Treasury defended against all
schemes OF plunderers and spectators. :,
Sd. We must have peace and order ana
protection, full and equal before the law,
Tor the rights OF all men everywhere. The
object OF a Just government Il not TO carry
on business, but to protect life, property
and rights, and thus leave every citizen
free and safe in all lawful cxertlons, op-
portunities and enterprises in which he
chooses to embark. Wealth or property
can't be conjured up by Legislation, nor
by political parties. No slelght Of, hand,
no philosophers stone or perpetual mo-
ton can be discovered by Legislative de-
vices however cunning, to produce 1t.
Property is the product of labor. II must
be hewed out OF the forest, plowed out oi
the field, blasted out OF the mine, pounded
out OF the anvil, wrought out in the fur
mace and factory. EEb6r is at the bottom
of il all, and the nation in which there are
the most laborers and in which labor is best
cherished and cared for must be the rich
est. What is the difficulty, now? Busi:-
mess Is stasnant, capital Is afraid, and
labor lacks employment. Capital is al
ways afraid when labor hicks employ
ment. Whenever capital is not afraid
there is brisk demand for labor. Busi-
ness is depressed, and honest, honorable
labor is suffering. Can these evils be
cured by such projects as are now urged
upon us? II is said we should have new
and large issues Of paper currency ,, what
| for? Is not currency piled in every bank,
money centre and depository? Can't
money be borrowed in millions at the
lowest rates OF interest? When all the
paper and coin in the country Is put lnto
active circulation, will there not be abun.
dant currency? Confidence, stability and
assurance that credits and values will not
lie tampered with will unlock capital
and nut money in circulation, butschemes
foy watering currency and shrinking its
nm,chas;no mower, and thus changing
hayyains and transactions will trighten
capital and make It hide. What ls,to oe
done with the new issue Of paper? what
are they to do with it? Will they g1ye II
away? They will keep 1t or loan II. Hhat
good will that do? Ii put into circulation
t will dilute and depreciate the whole
currency and put up prices for the poor 70
nav. and the wages OF labor will not ad-
vance fast enough to keep up with the an-
vance in the prices Of food and COM
modities. Borrowers with securities can
borrow at the cheapest rates OF interest
now. This Is all they eau do after more
greenbacks are issued! Butto pay ot bonds
With papet currency viii stop so much IN.
tere,tl Yes, but what stands In the way :
| Gold can bc bought too dear. In the first
nlace this would be fiat repudiaton'
WHY, the bonds themselves for years have
said so on their face and the laws
and resolutions in every solemn form
Of plichted faith have said that
the bonds should be paid in hon
est hard money, in coin. Savings banks,
trust companies and individuals have
bought these bondsfor widows and orphans
and soldiers on this plighted faith. The
bonds are not held by the rich; most o.
them are held by or for those who are MOI
rich.' 49,,
can people in Congress assembled said
when they asked money for bonds, tha
over four hundred millions OF legal tendcn
should be outstanding. This was 70 50!
that the bonds should never be paid b!
legal tender notes. This pledge obtainec
the money, and there it stands to be KEEP
IN honor or renudtatedin dishonor. WhA
is the reason for striking at the bonds o
the United States or at those who holt
them? The chief objection now seem
To be that the bonds are no
taxed. There are several answers 4
His. In the first place they were and ar
taxed in advance The man who pay
, mar in gold for a bond bearing only APE
cent interest and thus loans his money 10
i, ~ or only 4 fraction more than half tn
legal and usual interest in this State, pay.
, for exemption from further taxation In I'D
, vance, and pays pretty largely for II. II
tax again, or differently now, would pe !
break the contract Just as much as 70 re
fuse payment in whole or IN part IN
bonds and legal tender notes were issue
TO save the Nations life, and now Il y pro
posed in violation OF the laws and faith Q
: the American PeoPie W ESpu,ulAAe az az
dcpreciate both. It Is proposed to uproo
i the whole financial system when its won
evils have been passed, to overthrow tn
banks, to set shifting Congressional M
iorities, caucuses and coalitions, printin
paper promises, or fat money, as muc
!. and as often as they please. Sue
J. action would unsettle values, would inttat
and debase the currency; would Chez
labor OF It's just wages; would breed Co
ruption and gambling speculation; woll
= battie all calculations OF business and max
4 trade worse than a rahie, in which hone
i. industry and shrewd capital would be d
heaviest and sofriest sufferers. The R