, 1879-07-24

PORTLAND, Nc, July 23,-An Immense audi
cncc greeted Secretary Sherman tonight at The
City-lIull. Long before o'clock every ayaila-
ble seat was taken and alt the standlng-room
occupied. As Sherman mounted the pintform
hc was warmly recetvad, and WHOM Mr. B!atuo
came tip soon after the applause WIS 1onc.cop-
ttnued.
Tho Chaarmnp, c1-doy. Washburn, made
brief address, and fe1icltiouslY Introduced alr,
Sherman, who was received With storm OF ap-
plausc, md said that II he could hnyo forcscen
this Immense audience, this sca Of upturned
faces, ho might hare declined the urgent In
vitatton ofour junior 9onstor to address them.
MI. Sherman, Gu bo!ng introduced, said ho
accepted tho Invitation OF tho distinguished
Senator from Matnc 10 speak manly that ho
might present the mode by which, In spite of
much opposition, tho United Statas notes 1aya
been ADVANCED to par In coin, and some reasons
why these notes ought hereafter to be redeemed
In coin at tile demand Of tho holder, instead Of
being, rs formerly, irredecrnnb]e, deprecated,
and diahonoscd. lfo thought tho themo most
important to the country, however, waa tho re-
viyal BY the Democratic pnrty Of tho Southern
doctrine ol stute.rigbts, which has taken tho
form Of
MULTIPLICATION OF UNITED STATES LAWS
by mambcr4 Of Congress. Their chief effort hns
oeeu, , .he .a't Two sess'ons' 10 nnl'afy tho law
providing for tho honest election OF members Of
Congress-. Tho movement hss been made Dos
stb'e by Il limited South," united by violence,
md fraud, and csimes thet flteErace our cIytlza-
tion. lie then brily reviewed tic course Of the
democratic party In C0uEress. Their evident
purpose Is to elevate rroyine!nIiam above Ma
tlonnlsrn. Wade Hampton II reported to have
said ho docs not caro- whether Democrats are
hard money or soft money, 80 tint they orn
Democrats This attitude OF that marty hrnr.
W .ae nsucs pcloro winch tho questions OF
money, labor, or property sink into insIeuia-
cauco,
lie proceeded to review t,,o
-, A.. cs AuiA. , A!sfoAi
Of tho Government, beginning at 1919 In that
year our money was oaper, worth about 81 ccn,s
on the dollar. The amount outstanding vas
... s"n e'sa so u'.o'e' i.e satn OF Interest
WIS asshcr 10 1850 THAI f'cfoFd Or since. Tic
currcnt rats may DO said to have been 10 per
cent. It was perlod Of Wild aud reck,ess was.o
hn,t nors,vzr, n, " 100 eaueo
na''' p.a Aeo VII uttao'iostlcu!Aaculty, ntd bpread
ruin and bankruptcy far md vide. When Con.
Eress met In December Yar1oux ren,
cdrs wcro t,roDoked for ,to r.,,.s -,
thu nrcvatltur d,trc,. Tho v...,
oct ,,eoad t., 1u~s ,,.,. ea"pe'on
~ ~. passea ~ lo.o was Republican measure.
:'o;g, democrats 1ea favored IT. but party d.
n ,-I,.sasss,. " W so.s aIAlnat
:. ~ ""espFSaa ieeHhE prevailed thAt rc-
bring bcttdr Zines. During all OF 1871 mud 1ST7
lhe get was denounced. Tilo absurd notion Was
rhc HanNe. ..st u nas LUZ cause ot nara times.
fnr1, snoSsa.'c party denounced 1t In tts plat
opculy fodnrscd n" v},,,v ,oG,' Hho ttasn
Dnmnrratir nsrtn s"' ~" c, Esheu " u oy the
from rcnn-t" ~: ~, ~. eserman then quoted
ii-n'oorst ..e 10 unu hnecebes u dlstlnTutsAed
..,' Oe,u'oc!ats "ho opposed tue action OF the Ro-
nuoneaos 1a.u oa inc resumption measure, but tho
WE! ahnouoeetneut Of tho PURPOSE to re-
eune, Wlta definite pian Of resulnptIou, had
bonda was l,,creasud, Tbis r. innaucpe1 pei s1hs ,hs
Treasury Department to witi,i1raw 1Een, Any 10y
critirni ernerimrnt n,t u.o nsan! nnsAet. ~ was
rrs.' A. h: ard ~ 1s1t P'ossn perfect sue
" Ws aaI accumulated coin raservo Of 3lNtD0O.-
~ ~ Hsaulhntoa practically came ono month