The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1880-09-10
Great Speech of the Hon. John sher-
man, Delivered at Cincinnati.
Our Country Now Enjoying the Great
est Revival of Business Of
Modern Times.
That Revival a Natural Consequence
Of the Policy of the Repub-
lican Party.
The MOnstrOus Evils That would
Flow from the Election of
Democratic President.

anu appeals TO the American people to bring
about such change this fall The r, publican
party, recognizing the right Of that party to
make the appeal, will hear patiently and kindly
anlt has to say, and no word of insult, no act of
violence, will be offered by any Republican IN
any part of the United States to deter the Dem
oerats from the exercise of their right freely TO
discuss in their own way their political convic-
lions and opinions. We Republicans only regret
that this privilege cannot DO exercised by us
also.
The last great change in the Executive branch
of the General Government occurred in 1860, by
the election of Abraham Lincoln as President of
the United States. At that time the open advo-
cacy of his election could not be made safely to
life or limb in thirteen States Of the Union
where the strength Of the Democratic party Law.
But, in spite Of this, the people of the Northern
States, firmly impressed with the necessity
Tor the change, made it /; and what man in this
broad land does not now feel that it was a happy
change And yet the Democratic party of that
time resisted it, 1t not only resisted it during
the canvass, but the controlling segment OF that
party rebelled aga inst it by force of arms, and
destroy tie Union.
The Democratic party desired change in
1864, when, IL the midst of war, the magnitude
Of which even now in the distance staggers M
with amazement, it met in National Convention
ard resolved that the war was q failure and de-
manded peace on any terms. That was when
Grant was III the Wilderness and Sherman was
on the road to Atlanta, when our notes on de-
mand were worth only 40 cents ON the dollar,
and when it seemed almost as if Providence had
deserted as. II Ifs desire for change had then
been gratllied, we would have now no united
country 20 boast Of, no land to love- The Amer
lean people. though wee ing over their lost
ones and feeling heavily the burdens Of war.
sald there should be no change, and there was
mont a fham Lincoln was elected again.
ne democratic party desired q change in
1905. III was encouraged by the detection Of
Andrew johnson and by many divisions in the
hcpubll an party. herebels had been restored
TO thelr lost cltizenShip, and had already Or
Canned a system of terror in several of the
Southern States. Tweed was in the ascendencv
III New York with his gigantic frauds he
plilniered the city, filled the craving, of the
army OF his dependents with the plunder q
rich contracts issued tens of thousands Of
fraudulent nalur, hzetion papers, stuffed the
Dallot-boxes, and thus reversed the vote of the
I'm ire state. Yet, after ALL the American
people decided that there should be no change
that the Republican party which saved The
coun'ry shouli still be- trusted with its admin
lstration; and Grant, the soldier Of the war.
was made President.
So, again, the Democratic party desired
change IN 1876. 1t had previously organized
the solid South, according to the 1Iississippi
plan, with terror and violence. 1t fondly
thought it had made Cd frlcrllm of 13a
electors from States lately in rebellion, and had
carefully laid plans to secure enough more to
make the election sure. Tilden, who as Gov
ernor OF New York, had become popular with
the business men of that State by his aid in the
overthrow of Tweed, and by his opposition to
corrupt canal rings, was nominated for Presi-
dent He hid a barrel full OF money. which
was spent without stint, and thus introduced
Tor the first time in American politics the most
shameless corruption i'll Presidential election
But, more than all the country was suffering
under great fin ncial distress. The wave 81
misfortune, which came in 1873 to the whole
commercial world, had scattered its wrecks
over our great cities. Every man who had capt.
toi 10 lore, on debts to pay, or wanted labor for
bread, FELT discomfort for evils that he could
not explain. 1t was natural, but not Just. that
many OF these clamored for a change, who had
no sympathy with the principles Of the Demo-
cratic party but still the fraud that intimi a.
ton attempted in three of the States failed in
its object, and the Republican party in III
Northern States stood by its principles, and
Hayes was elected
And now, feow-citizens, let us pause for
while and see what has been the result during
the lest tour years 10y the election of the pres.
emit lteput ican President. Has he given any
cause Tor the change from Republican to Demo-
cratic measures and men?
When President HAYES was inaugurated the
Resumption act of 1875 was an unexecuted man
date OF the Republican party. Ii had been
voted for oltly by Republicans, and had from,
Its introduction been assailed. resisted and rdi-
culed by the Democratic party. Many honest
sincere men of both parties, who really wished
resumption, believed it lMpracticable for years
to come. But there was the law. / had aided
i'll its passage, and believed in it, and l was
charged with its execution. Twas supported by
the full faith of the President Gold at a pre-
mum of nearly g. per cent The national reve-
nues had been greatly impaired as the re-
suit OF the panic, so that there was. in fact, no
surplus revenue to aid i'll the work of resump-
uon. The only means left was to increase the
volume of coin before the day of resumption BY
the saleof bonds, to do the utmost to strengthen
the public cred,t, and to produce confidence in
the ability to resume. This was done in the
eighteen months that followed the Inauguration
OF President Hayes and at the end of that PEI
rod the credit OF the country had
been greatly advanced surplus com had been
accumulated TO the amount of $3.50 000, 00C,
aud the public mind, relieved from imaginary
terrors, had become not only reconcted to re-
sumption, but was anYiously and hopefully
awaiting tine event During all this time the
Democratic party excelled itself in active re-
slstance to the successful execution of this law.
1hey sought to repeal it they sought by in
designations through committees Of Congress to
ulsoredlt all the proceedings had under it and
1t was boastfully said that thousands of dollars
would be given to stand on the right of the line
at the public treasury on the day of resump-
tlon Jhe examinations made of myself alone
py committees Of Congress upon this subject
amounted to over 100 printed pages and the
speeches that were made against what they de-
nounced as crazy, impracticable scheme would
MI volumes. Your ears rang with their ridi-
cule and denmciation of the Resumption act
put stIl thanks to tho Republican party, re-
sunpaon came, and came so certainly and so
securely that at this day specie payments are
more complete, in the true sense of the term.
than ever before in this country, and as COM
plete as IN any country in the world. There is
no longer any depreciation of the notes of the
United States. and, not only in this country,
out IN all foreign countries they are received at
par with gold
The Democratic psrty, convicted of false
prophecy, could only shout out that it was
Providence that did it; that the good crops
which came six months after resumption was a
complete success, did it and some of them had
the audacity to say that the way to resumptlon
was prep red by the economies enforced by a
Democratic House of Representatives. which.
as lwlll show you hereafter, instead of reducing
the expenses, actually increased them largely in
all branches OF the public service subject to an
nual appropriations. One thing is certain
that II Its desire for change had been graft
fed four years ago by the American people. the
Resumption act would not have been enforced,
resumption would not have come, and the home
full JOY which gladdens the homes of millions
OF laboring people would still be repressed by
the evils of irredeemabe paper money Re
sumption, then, with all the good that has ac-
companied and followed it, is the direct result
OF the wisdom of your choice in the election of
a Republican President four years ago.
When PRESIDENT Hayes was inaugurated,
there was upon the statute book the Refunding
act OF 1870 1t was placed there by the Repu6-
ilcan party--a part of its policy for the gradual
reduction of the burden of the public debt. 1t
had been partially executed bv the sale of s
percent. bonds; and when PreSid MT HAYES
was lnaugurated we were selling 41S-per-cent.
bonds at par, slowly and with difficulty. II
then became my duty to continue the re-
funding and, taking hopeful view of
the future of the country-its power IFS
wealth and greatness-I determined ia
withdraw from the market the az
percent. bonds, and sell the per cents. at
par, This was believed at the time to be a
DOUBTFUL experiment; but being firmly sun
ported by President Hayes the Treasury De-
partment undertook the task. A sale of every
such bond was saving of one-third of the IN
tpFgRt Of Ne Iab4