The New York herald., 1878-09-27
general satisfaction. MY. Cornell made member
OF the staie Committee IN place OF Mr. William A.
Darling, who retires
PROCEEDINGS OF THE CONVENTION.

PROCEEDINGS OF THE CONVENTION
SARATOGA, ". Y, Sept. &C. 1873.
The Convention was called to order at seven min-
utcs after eleven O'Clock by Mr.. John +. Smyth,
chairman Of the State Central Committee who rccog-
nzed Hon. Henry X. Piersou, OF Albany, who to
nominate Senator Roscoe CouKling Tor temporary
chairman. He referred to tho republican party as
ono OF progress and one pronounced In Its opinions
and firm Tor the Union. These delegates had como
irosh from the people to subordinate every other
question 10 that as to whether nation shall pay It's
honest debt In honest money (Great appiause) We
como to say that dollar, whether in the hand OF the
lahorer or the Dondholdor, shall DO worth Just 100
cents. (Applause.j He counseiled and anticipated
harmony hero and success at the polls. He moved
Mr. Conkling's nomination Tor temporary chairman
ana for permanent president also OF this Convention
Great applause.) Tho motion was adopted unan-
imously
Mr. Picrscn, OF Albany, and Mr.. McCartby, OF Onon-
daga, were appointed to conduct Mr.. Conkng TO tho
chair his approach 10 which tho signal Tor burst
Of applause. Being pregcntel TO tho Convention the
chairman was received with three cheers
CoSKLING's sPEECH
Mr.. CoyKLISG presented his acknowledgements Tor
the old fashioned ana hearty republican greeting
which he had received. and thon proceeded as fol-
GENTLEMEN THE CoSvESrroN-we have me, in
year likely 10 be ,he hinge OF which much In the
future Will turna year which IN IT'S political results
will leave deep and lasting impress on other years.
America, In common with every land in Chrs.endom,
has been passing through period OF depressed in
dustres aud commercs. Labor and capital have both
suffered much everywherc. Hard times" have fallen
on all lands not on all alike because less heavily on
ours than on others Great Britain. Germany Russia,
Franco and other countries passing through doep
tribulation. We have cyerpsssed the worst and
toration gradual but constant Is sure unless
wisdom and Iaacous measures block the way Tho
machless resources Qt tho country and the matchess
enterprise ncvies OF our people will OF fail to
cure our business disorder If three things can be
sured
Firyt-Congrcss must destroy the hcadway which
has been made and launch the country
OF confusion aud agitation by wild aud restless
temps to control the laws Of trade ana to create val
uos by legislation. Financial stability and certairty,
on which men can reay aaa csieae.e aneaa, mus. no
Permanence and fxedness In laws are ofton better
than phi philosophy, or even perfection.
Second-We must have frugal no ncst government,
earnest and steody administration, and honest, con-
situtionai currency, with the public credit kcpt high
and untsrnished, and the pubic treasury defended
against unfounded claims and against all sche Of
piunderers and spccuIatOrG
Third-Ws must have peace and order, and protec-
ton fuI equal before law Tor the rights Of all
men everywhere, North and South.
OBJECT or GOVERNMENT.
The object OF just government ! not to carry
business but to protect life, property aud rights and
exsrtions opportunities und enterprises In which he
ch 0oses 10 embark. Wealth property cannot be
conjured up by legislation nor BY political partes No
slsight-O-hand can produce II. No philosophers
stone perpstua motion can DO discovered by lcgts-
ia'ivs device however cunning Property s the prod
uct Of labor IL must DO hewed out OF the forest,
ploughod out Of tho field, blasted out OF the mins,
pounded out on the anvil wrought out In the factory
and the furnace Labor 10 AT the bottom OF II ALL and
the nation In which there are tho most laborcrs
which labor is best cherished and cared Tor be
Tho richest and most prosperous Capital and labor
arc natural allies. Whom they work together both
arc enriched; when ihcy arc hostile or separated
wealth This all can ace; but what there prove
that schemes OF Congressional legislation eau put
pubic burdens beon neglected and lett without ale
Walton? Have not the national hnances improved
as rapidly as could have been hopsda Ons-third OF
tha noht inf 20 haa haAn
pad. Tws-thrds Of internal taxation have been
abolished, and the remaining third falls manly
liquor, tobacco and banks. Tho cost OF gov
ernmcns has been greatly reduced. This year
tho total expenditure Is $3.50 1864, 1925 so Thirteon
debt $3.50 000 0O0 The interest account tho
grievous and grinding OF all our accounts, been
cut down than 0ne-third, and WILL II refupdng
Is allowed 20 on, all be brought four per
thousinu million dollars OF our bonds longer
stead Of 500 900 in scla interest being sen,
ally beyond more IMAM iour.nfths OF II stays at
home IN me hands ot our own people inaisao Of /.
millions OF gold annvsly TO pay Tor foreign manufac-
turcs as heretofore, tue balance oftradc is largely in
favor We sending Immense values produc-
tions 10 The Old World aud receiving hundreds of
millions ior them this year. Our papor money, which
was deprecated 10 less than hall the value OF coin,
has last virtually touched par aud the
of life arc greatly cheapened.
CURRENCY.
On the 3Oth OF June, 1S64-iourteen yoars sgo-thc
paper currency OF the country, on Its face, amounted
to $685. 7ls9si "a Eacn paper dollar then worth
in coin 3S 200 cents Tue total value OF tho currency
In coin was then $322 Gas, ,264 o. On the Both Of
s eSs m ysl, ns S1 s
Is 45 III, 600 OF less paper currency than tour
teen years ago. E'ch paper dollar now Is worth more
than standard silver dollar ana 10 worth In gold 99A
cents On tho LIST OF June last each paper dollar
worth In gold 90 4loo cents AZ this lower rate tho
June, in gold was sss4 4o5 sci o. In other words IN
1873, tho paper currency, less by $l45. 900
or, In still other words, more than twice as mu cu
This iact, besides showing VASTLY improved condi.
Kind has proved again and again, and which have
baied every attempt 10 refutc or vary them since The
morning OF time. What Is the dilicuty nows Bust
ness Is stagnant; capital Is afraid aud labor lacks
ployment. Capital 10 always AFRAID when labor Incks
employment; whenever capital not afraid there Is
brisk demand for labsr. Capital shrinks ana Is dor
mant and labor lacks oppori and reward. This
10 true and true the world II Is truo here. Tho
TACT as TO our own country Is ovcrstated oensmes,
however.
II has been asserted again and again that
people who want work, pro out OF employ. Can
any man who thinks credit such a statement? In
male aod female, usually engaged In manual
industrcs-10, 600 100 all told. Three millions out
Of employ would % Dea,y one % ~ every three
forced to be idle Everybody knows this cannot bo
true. The three million calculation allotted between
200 900 and 800 600 unemployed laborcrs to Nsssa-
chuseiis, 1000 TO Boston alone recent canvass
OF Massachusetts, shows about twenty thousand
IN all the State Of both sexes, and this was Ia June,
before the starting OF many mills runnins
Massachusetts has, OF coursc, larger proportion of
unemployed persons than any State out OF New
Eagia because artificial industricr, as dis,in-
gushed from agriculture and ordinary labor greatly
predominant there ana are the Industries most Grip
plod But apply the Massachusetts ratio TO every
S,atc and tho number Of persons In ali the land
unemployed cannot exceed onc-tcnth OF 1000. 0Oo
lhsr, too, wo must not suppose that every man
not al work Is and mas been unable TO nnd work.
There Is class OF sccn by farmers aud others
throughout the country who all OF employ
solely because and wages cannst be found. But
count all and the picture has been painted Tho
truth IL bad enough, aud sud enough business 10 de-
pressed, and honest, honorable labor is suffering.
REMEDIES COSsiDERED
Can these evils pe cured by such projects
urged upon usp TINS "a n question 10 bo considered
without heat, and u may DO discussed without hard
without suspccting tue integrity OF those
who hold other Vows II Is said VIC should have
ami large issues oi paper currency. what TORI IL
not currency piled up svory bank and money centre
and depository Cannon money DC borrowed In mil.
ions at the lowest rates OF INTEREST," when all the
paper and CON Ia the country Is put into active
circulation will thcro not be abundant currency