The daily gazette., 1879-11-13
iHIRD EDITION
Bstore the Wool Gr0sOers.
SENATOR BAYARD MAKES SPEECH In
PHILADELPHIA YESTERDAY.

SENATOR BAYARD MAKES A SPEECH IN
PHILApELPHIA YESTERDAY.
At meeting OF the Wool Growers
and Manufacturers, at the Continental
Hotel, In Philadelphia, yesterday, Hon.
Thomas F. Bayard delivered the follow
ing address:
II wish that had something better TO
say than merely to express my thanks
How should come here TO teach wheh
all that have heard has been to me iu-
struction? | am here to be taught IN the
nresonce of an association whose best
name ia that IL is one of national inter-
eat. You are not dwarted to any particu-
lar section, but are here TO speak for an
interest of importance to the entire
American people. My friend, Mr.. Nc
Kean, has begged that you should be
free from legislation bound by the ex-
iesncies of politics. SO say we all.
Passion may have its day, and perhaps
we cannot check it, but after all storms
comes q calm, and let us hope that alter
the storms and passions shall have done
their utmost for the unhappiness OF the
American people, the time shall come
when the absolute and material interests
OF the nation shall be taken to heart.
do not believe that the intelligence maui
tested in your great industry was created
by statute, aud | kdo not think that
1t could be repressed by statute. The
legislation that l would hope for would
be in the broad sense ofpuOlic justice 10
ali classes OF the community. On that
We can stand; on that we will stand and
prosper. [Applause.l OF machinery l
know nothing. l can't help you to new
methods, but there is one thing have
all interest in-the true working OF the
machinery of this governmen'-not f"r
the int, rests of wool alone, but for all
interests. There is one thing needtul Tor
all industres-an honest money. FRO
longed applause. This is not the time
nor the place TO speak OF the power OF
statutory laws, but do say that there
must be a common ground upon which
the balance OF u ade must be struck upon
a medium unalterably true, and upon
which man may 20 TO sleep and awake
knowing that il has not altered.
"Just landed, as | am, from foreign
shore, 1 cannot help expressing the salts
fac ion feel ~ finding the honor of
America In the shape OF promise To pay
her DE- BITS, recognized ~ gold. YES, We
are UdCh W spt CLIO hb'
we mean to stay i never can believe
that The Amer can people Will tall back
to that huctuatlnE sea OF susptcion and
doubt ths. "a false aud doubtful money
creates. Go on, arapple fairly with your
competitors in foreign markets, and
show that "a free government can capacl-
tate man for every improvement that
Will better his lot. carry with you the
assurance that your ohhgatlons VIII be
met to the fullest exent that honesty
can require. (Applause.) Prosperity has
set iu, but let mo, warn you against an
oversanguine feeliug. Do not reckon too
much upon the demand now created In
foreign markets by failure of produc-
ton Let us be glad that we eau Iner |
II, not only because II profits us, but be-
cause II helps them. Our danger is that
after reacin from period of reurrs-
sion we may suffer from overspeculatlOii n
Webster would speak true things rather
than pleasant things, and pardon me II
would interrupt the gayety OF thus as
semblage by warning you TO beware ol
overtrading, false protlt and deluslv,
success. Ii there is IA glut in the markrl
OF 10 per cent. 1 ask you II the tailur @
the whole marke: must not be more than
20 per cent. Hasten slowly. And nov
lie, ue ,Xptess The hope that the Inn
shall come when, iusttad OF only thirty
four, all the States shall send delegation
to your councils aud when every Amer
eau citizen shall wear nothing tut you
fdbrics.'