Daily Los Angeles herald., 1883-10-12
Large Exodus or Chinnmen.
EASTERN.
ssenry wa,erson's Address.

LOUISVILLE, Oct. ll.-At the Bank
ers' Convention Hon. Henry Watterson,
on being introduced, was received with
loud applause. After some very pleas
ing illusions to bankers and banks,
which put the convention into good
humor, Mr.. Waterson said: 1t was not,
however, to hear of banks and bankors
and banking that you did me the honor
to call me before you. | am told that
to-day you are considering that problem
which has so disturbed politicians
South, and that you wish me 10 talk to
you about the South 1t is no problem
at all. thank God that at last we can
say with truth it is simply geograph-
ical expression. LApplase.l The whole
story of the South may be summed up
in the sentence: She was rich and
has lost her riches; she was poor
and i'll bondage; she was set free
and had to all go to work. She went to
work and she is richer than ever before.
| Thus you sec it was ground'hog case.
Laughter Along with it was the curse
OF slavery. God passed rod across the
line and smotc the people. Then i'll His
goodness and mercy He waved wand
of enchantment, and 10 like flowers,
| His blessing burst forth. Applause.
| Indeed may the South say, hs in the eX-
perience OF men it Is well tor many to
say with perfect sincerity: Sweet are
the uses OF adversely. [Appiause.l The
South never knew what independence
meant until she was brought by subjec-
ton to subdue herself. We lived from
hand to mouth. We hal our debts and
| IT.1av "a ,.I1
paid our debts aud walloped our
niggers. Under the new we pay
our niggers and wallop our
debts. Laughter and applause.l
We have no longer any slaves, nor have
we any longer any debt, and we can eX-
claim with the old darkey at camp
meeting who, whenever he got happy,
went about shouting: "Bless the good
Lord! I'm getting fatter and fatter."
Laughter. The truth was that behind
the great ruille the South wore TO its
shirt, there lay concealed a superb man
hood That its manhood was perverted
there is no doubt, That it wasted its
integrity upon trGes is beyond dispute,
That it took pride in cultivating what is
called "the vices OF gentlemen" | am
afraid must be admitted, but at heart it
was sound. From that heart flowed
honest Auglo-SaNon blood, and when it
had to lay aside its broadcloth and put
on its jeans it was equal to the emer-
gency. Great applause.l And tine
women OF the South took their place
beside the men OF the South, and by the
spinning wheel and by blowing together
they made a stand against the wolf at
the door. That was fifteen years ago,
and to-day there Is not a reward offered
in single Southern State for wolf skins.
The fact is our citizens have got ashamed
of themselves and gone to work,
Laughter and applause. | beg
this my purpose is neither
to amuse or mislead you, although my
words may seem to carry with them an
unbusiness-like levity, | assure you that
my design is wholly ybusiness like, You can
see for yourselves, here in Louisville,
what the South has done, what the
South cando. III all this has been achieved
without credit and without your power.
ful aid land | am now addressing myself
to North and East, which have feared to
come South with their money! what
might not be achieved if the vast aggre-
cations of capital in the fiscal centers
should add this land OF wine, milk and
honey to their fields of Investment
and give the same cheap rates
which are enjoyed by nearer but not
safer borrowers. The future of the
South is not whit less assured than
the future of the West. Why should
money which is freely loaned to Iowa
and Illinois be refused to Alabama and
Mississippi? l perfectly understand
that business is business, that
capital is unsectional and un-
sentimental. In speaking from
neither spirit you have money to loan.