New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1878-10-02
NEW YORK REPUBLICAN
CONVENTION.
SPEECH OF SENATOR CON
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TEXT OF THE PLAT

DelOre tue new 1ork hepuDuca oil the
Conventions which met ct Sarat 4 one-t
Thursday, September 26: g we mu
We have met in year likely to Woi nj,
hinge on which much in the futu :, 80
turn-a year, which, in its polit i aho
suits, will leave o deep and last WIZ
press on other years. America, lu " ~ ~
mon with every land in ChristendO u Goa -
been passing through period of de IA .
industries and commerce. Labo 20 ~,
capital have both suffered much no ~ no1 =
where. Hard times" have fallen Esn =, :
lands; not on all alike, because less T.
ly on ours than on others. Great ues; - :
Germany Russia, France, and 9th ~ "a
countries are passing through deer 80 ~
lation. We have overpassed the 'n In
and restoration, gradual, but cons .s orV ~
sure, unless want of wisdom and a;Io,
| cious measures block the way ~ Pi+ =
matchless resources of the count III Lo,r ~
the matchless enterprise and activ 49, -
-. Po Siso,5 ~ :. e. tL; ou coin in
100 SA0OANeAS - 'HiuSS ulation
" ~ Conorass must not destroy u, ncyS
way which has been made, and he Fol
og;tot;on IL villa onJ rostIoss .. bee, st
tS controi tIa lovs If tro5e anJ ~ Is and
hjI;tv and certoi1tv IN wbinb y, circulat
reiv and csIcnIate ahead mns+ ~. is the
changed for exploded theories \, orking
| devices. Permanence and fxedn lne Guy
the laws are often better than philB powe
or even perfection. ma ua
2. We must have a frugal and man
| government, earnest and steady ad haIn
| tration, honest, con stitutional Gun AN :. -
with public credit kept high and oWarol.
nished. The public treasury mus. TWO I
Tended against unfounded claims fin 70 DC
North or South, and against all Sd Is 10 ~,
of plunderers and spectators. s' ";
g. We must have peace and ordd iney y
protection, full and equal before 4 ioan ~
rights to all men, everywhere, Put IN
and South. hAD f"tt oepi
The object of just government is put ~
carry on business, but to protee lne W
property, and rights, and thus to y enou
every citizen free and safe in all prices
exertions, opportunities, and enteI eIs W.
in which he chooses to embark. apesI
or property can not be conjured IDey c
legislation nor by political partie ssueu.
sleight of hand can produce il. N CURE !
losopher's stone or perpetual ies' 2
can he discovered Inv 1eoislativa d can
| bowever cumming PronsTtv Is m place,
duct Of labor; it must Be Sewed paper
the forest yInwed ont If nc Ana b. WI
ont. of tba nine 1,onnded ont of ~ years
wronoht ont in tba factorr, ar,d 4, bid rest
Labor is at the bottom of it, and gnteu
nations in which there are most la elu
and in which labor is best cherishe not II
cared for, must be the richest and anles'
prosperous. Capital and labor ars sse 90
ural allies. When they work tod sololei
both are enriched; when hostile OF are NJ
rated, both suffer. To earn and Il helu
| is surely to amass wealth. This Again
see; but what is there TO proveFan Pc
schemes of Congressional legislatid "hen
put money in the pockets of the ped NOR
The Condition of the National Fin saw n
Have the public burdens been nd legal te
| ed, and left without alienation e mon
not the national finances impro7N in ho1
rapidly as could have been hoped it this
| third of the debt inflicted by rebellid 1poun
war has been paid. Two-thirds of Dry De
nal taxation have been abolished, a1 not We
remaining third falls mainly on Rr note
tobacco, and banks. The cost of th to /
ernnent has been greatly reduced. Ey on v
| year the total expenditures is S2Sestituti'
| 1926 3d. Thirteen years ago the pses, q
| item of interest on the debt was SljNw no
| 600. The interest account, the mosIeveral
| vious and grinding of all our AGED allen &
has been cut down more than one- n for
and will, if refunding is allowed to n States
| all be brought to four per cent. A !. LiE
| sand million dollars of our bonds aiming 1
longer held abroad, but most of theIs pnds a
held here, and instead of $50, OO0,O#d our
| gold interest being sent annually bdonly 70
seas, more than four-tifths of it Sta NJ objt
home in the hands of our own ps IDS ar
Instead of balance OF trade againd we're a
exacting hundreds of millions Of gol adva
nually to pay for foreign manufactuT for q
heretofore, the balance of trade is lGerest,
in our favor. We are sending mHsnths,
values of productions to the Old gal al
and receiving hundreds Of million for d
them this year. in a,
| Our paper money, which was depft. E
ted to less than half the value OF he To-
has at last virtually touched par, and loan
necessaries of life are greatly cheap neigh
On the thirtieth of June, 1S64-fou sertail
years ago-the paper currency of the uld be
try, on face, amounted to 1888, 7l8, 81 snd p
Each paper dollar was then worth in q bonn I
7-lUO cents. The total value of the on eI
rency, IN coin was then 1922, GAS, 26 ani
On the 30th of June, 1878, this year NRxati,
paper currency Of the country, on its the
amounted to S69s, 597, 275 81. III IA res
s145, l2l, 6o9 OF less paper currency csc
than fourteen years ago. Each paper a d
is now worth more than standard cont
dollar, and is worth in gold 99a c#snt il
On the first of June last each paper Stai
lar was worth in gold 80 4-l00 cents,s & of
this lower rate the total value of the Its
currency on the thirtieth last June, in & Of
was S664, 400, 69l 81. In other word onst
1873, the paper currency, less by be
000, 900 than in 1864, is worth in col
1852, 900, 900 more, or still in other va sose
more than twice as much. This facl the
sides showing vastly improved condif he O
teaches many lessons which the exper ke e
Of mankind has proved again and q CO
and which have baffied every attemp bond
refute or vary them since the nornilA Cons
time. What is the difficulty now? mus
ness is stagnant; capital is afraid and field
lacks employment. Capital is al a b
afraid when labor lacks employn 10 a,
whenever capital is not afraid the 81 All
brisk demand for labor. Capital shf parl
and is dormant, and labor lacks opp 8 CC
nifty and reward This is true, and &ould
the world over. It is true here. The sue
as to our own country is overstated 81 Arr
times, however. It has been asse
again and again, that 8, 600, 900 peopb Nj
the United States, laboring people
want work are out of emulov Can anu