Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-10-01
GENERAE S. +. CARY
HIS SPEECH At BELLAIRE, MONDAY.
A Large Audience Gives the SpeakerPtO-
found and Eager Attention An Abb
Presentation Of the Financial
Questions of the Day.

liyered here to-night-that is, speech
so well received and which ELECTED such
wild. uncontrolled enthusiasm. His
manner and gestures were so grotesdue,
his language so well adapted to thepa-
triotic gushing OF the springs of human
nature, that every one seemed carried
away. The hall was densely packed,
and instead of the impatience usually
shown at a three and a half hoars'
speech, profound and eager attention
was given the speaker. One singular1ty
of the speakers manner is that YOU
can't calculate with any certainty as to
what, excepting cheers, will follow IN
either word or gesture. He keeps fou
in state of delicious expectation.
We confess that we were carried aEay
with the speaker, and forgot to "tke
notes" even before he was half throngh
his speech. Below we append a very
Door outline of his effort. Only imagine
that the sentences were sandwlcbed
with the most laughable illustrations
and that the records OF Jim Blaine and
John Sherman came in for as full and
scathing a review as ever vulnerable
men received at the hands OF keen
and discriminating partisan, and you
have some idea how he cooked them
both. But the overpowering, deafeRns
and prolonged applause that greeted the
announcement that he had supported
Ewing because Ewing was with the s'n-
timents he Cary had been preaching
for the last thirteen years, beggars de-
scription. 1t was above anything we
have heard in long time by a large
majority. Whatever stock people may
take in this meeting, no one who.at-
tended it will deny that it was the most
enthusiastic meeting, by odds, that has
been held in Bellaire this canvass. We
only have time to hastily throw together
the following points presented by the
speaker:
Some twelve years ago | expressed
the opinion that the Republican party 5
financial policy would bring ruin and
disaster | said to the mechanics, You
are now receiving 81 and 50 per day Tor
work; in less than ten years you Will
be glad to get hall that amount. You
fellows who are receiving 81 and s. per
day for carrying bricks and mortorinten
wears will be glad TO get anything to do.
In less than that time your highways
will be thronged with tramps, your
station houses filled with dodgers, your
jails with prisoners and your poor
houses with paupers." Then ! was de
nounced as a croaker, blatherskite and
demagOgue.
John Sherman himself, the man who
has recently come before yOu to rejoice
in the success of his resumption policy,
i'm a speech made in the United SsatteS
Senate in January !, 1879, predicted that
the voyage to resumption would be
attended with dire distress. His Ian
guage was: "To every person, except a
capitalist out of debt, or the salarled
officer or annuitant, tits period OF loss,
of danger, lassitude Of trade, fail Gl
wages, suspension OF enterprise, bank
ruptcy or disaster"
submit to you, my fellow-citizens,
whether John Sherman, in 1869, was a
true or false prophet. Has there been
fall of wages, a lasstude OF trade,
suspension of enterprise, bankruptcy
and disaster. The hundreds of thou
sands of tramps, the hundreds OF thou
sands of half-emplOyed, half-fed and
half-c!othed workingmen and their fam
lilies, the army of ruined merchants, the
tens of thousands of men whose homes
even half paid for, who have been sold
out by the Sheriff without dollar LETT
from the wreck, the great multitude OF
farmers who are scarcely able, even with
their bountiful harvests, TO pay their
taxes and the interest upon the mort
cages of their deprecated farms, and
who are looking with more than painful
solicitude to the future. All these are
Witnesses that John Sherman was no
mean prophet.
HAYES administration, under the
financial management ofJohn Sherman,
is the first in history which has been
able to borrow money at 4 per cent.
Sherman claims that this great
achievement has been accomplished
by elevating the credit of the
government. say it has been effected
by the prostration OF all business enter
priSes, Every man who saved dollar
from the wreck of his fortune rushes To
exchange it for government bond. lie
won't put it into merchandise, manu-
iacture or real estate, because that will
not pay profit, and he runs risk OF
losing the principal. Does any sane
man believe that money would 90 into
tour per cent bonds in this country II
business was in normal condition?
When the millennium OF prosperity
comes, the gray dawn of which is seen
in the distance, il will be manifested by
a depreciation of the four per cent bonds,
for business, looking toward larger re-
turn of profit, will make the four per
cents very undesirable investment.
Ii is not, then. the elevation OF the pub
lie credit, but the destruction OF private
credit and the paralysis OF business,
over which Sherman finds cause to re-
joice. .
Sherman claims that the flood Of
tralnps and business disaster and ruin,
of which we have such a bountiiu!
harvest, were the product OF initiation
and not of contraction. Is this true in
theory or fact2 When and where did
panic, disaster and ruin ever come
when there was full volume OF reliable
circulating medium? Even an initiation
of what was called wildcat money, so
long as its safety was undoubted, never
produced paralysis of business; when
It's worthless character was known and
the circulating medium was discredited
was when the panic camei What is
there in this wonderful achievement Of
brir ging greenbacks TO a par with coin
to warrant such seli-gratulation, when
We see at what cost the end has been
reached? Could it not have been effect
Ell withou, such widespread bankrupt
CIV and ruin? The Greenbackers insist
that at any time within the last ten
years, if the government had not dis
credited its own paper by refusing to
receive it for custom duties, it would
have been at par with gold. With all
the preparation for the great event
of January l, 1879, with all
the sale of bonds for gold
to pile up in the Treasury, the Secretary
found it necessary, without law and in
violation of law, TO order the custom
house officers to receive greenbacks for
custom duties the same as gold There
was no further use for gold, and the oc-
cupation of the gold gamblers was gone
tho moment the (fovlrnmant racaiVpi