Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-10-03
The Now York Republican
Convention.
Hou. Roscoe Conkling Delivers al
Eloquent Speech on the Leading
Issues Of the Hour.

- y SH1i hAuH uuu pei mdueDL FRESH
dent. The Senator after acknowl.
edgng his hearty greeting began his
speech.
SENATOR COMBINES SPEECH.
We have net in year likely to be
the hinge upon which much in the
future will turn year which in lis
political results will leave a deep and
lasting impress on other years.
America, in common with every land
in Christendom, has been passing
through period Of depressed indus
try and commerce.
LABOR AND CAPITAL
have both suffered much every where
and hard times have fallen on al.
lands-not on all alike, because less
heavily on ours than on others.
Great Britain, Germany, Russia,
France and other countries are pass
ing through deep tribulation. We
have passed over the worst and res
toration, gradual but constant, is
sure unless want of wisdom and fal.
lacious measures block the way. The
matches resources of the country
and the matchless enterprise and ac-
tiveness of our people will not fail to
cure orr business disorder if three
things can be assured:
First-Congress must not DESTROY
the Roadway which has been made
and launch the country on new seas
OF confusion and agitation by wild
and reckless attempts:to .centrol the
laws of trade and to create values by
legislation. The financial stability
and certainty On which men can rely
and calculate ahead must not be ex-
changed for exploded theories or
novel devices. Permanence and fix
edness IN the laws are often better
than philosophy or even perfection.
Second-We must have a frugal
honest Government, an earnest and
steady administration and an honest
constitutional currency, with the
public credit kept high and UNI
furnished and the public Treasury
defended against unfounded claims
and against all schemes of plumber.
ers and spectators.
Third-We must have peace and
order and protection full and equal
before the law for the rights of ell
men everywhere. North and South.
THE OBJECT OF JUST GOVERNMENT
is not to carry on business but TO
protect life, property and rights, and
thus so leave every citizen free and
safe in all lawful sxertions, oppor>
tunities and enterprises in which he
chooses to embark. Wealth or prop.
erty cannot be conjured up by legis-
lation nor by political parties. No
Straightforward can produce it. No
philosophers stone or perpetual
motion can be discovered by legisla-
tive devices, however cunning.
PROPERTY rs THE PRODUCT OF LABOR,
1t must be hewed out of the forest,
plowed out of the field, blasted out
of the mine, pounded out of the an
vii, and wrought out of the factory
and furnace. Labor is at the bottom
of all, and those countries which are
most laborious and 10 which labor is
best cherished and cared for must be
the the richest and most prosperous.
Capital and labor are natural allies.
When they work together both are
enriched. When they are hostile or
separated they suffer.
WHAT Is THE DIFFICULTY NOW?
Business is stagnant, capital is afraid
and labor lacks employment
Capital is always afraid when
labor lacks employment. Whenever
capital is not afraid there is q brisk
time for labor. 1t has been asserted
again and again that three million
laboring people in the United States
who want work are out of employ.
ment, but everybody knows this can
not be true. The picture has been
over.painted. The truth is bad
enough and sad enough. Business ia
depressed and honest and honorable
labor is suffering. Can these evils
be cured by such projects as are no "
urged upon us? 1t is said we should
have
NEW AND LARGE ISSUES OF PAPER CUR.
RENcY.
What for? Is not currency piled
up in every bank and money centre
and repository ? Cannot money be
borrowed in millions at the lowest
rates of interest When all the pa
per and coin in the country is put
into active circulation will there not
be an abundant currency Conf
dence, stability and the assurance
that credit and values will not be
tempered with will unlock capital
and put the money in circulation,
but schemes for watering the cur
rency beyond it's passing power, and
thus changing bargains and transac.
tions will brighten capital and make
it hide. What is to be done with
the new issue of paper? 1t is to be
paid we are told,
TO THE B0NDHoLDER.
Wnat are they to do with it ? Will
they give it away They will keep
it or loan it. What good will that
do? If they put it into circulation
it will deluge and depreciate the
whole currency and put up prices for
the poor to buy, land the wages of la
Dor will not advance fast enough to
keep up with the advance of food
and commodities. All borrowers
with security can borrow at the
cheapest rates of interest now, This
is all they can do after more green
backs are issued. But to pay off the
bonds with paper currency will stop
so much interest? Yes, but what
stands in the way? Gold can be
bought too dear. In the FIRST place
this would be fiat reputation. Why
the bonds themselves for years hav 9
said on their face, and the laws and
resolutions in every solemn form of
plighted faith have said that the
bonds should be paid in honest hard
money-in coin. Savings banks.
trust companies and individuals have
bought the bonds for widows and
orphans and soldiers on this plight.