Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1884-10-31
THE VOICE OF TRADE.
Endorsement of Blaine and Logan
by Gotham's Merchants.
Thirty Thousand Busincss Mon OF New
York Endorse tho Republican Candi-
datcs--Addrcsses by Mcssrs. Gro-
sham, Boutwell, and Others.

sbsm, Boutwell, and Others.
Tho business men of New York un-
dertook OH the afternoon of tho goth to
give expression TO their preferences in
the pend ng campaign. The gathering
was in Wall street, in the immediate
vicinity of the Treasury building, and
an hour before the timo announced for
the assembling of the meeting, Wall
street and the streets adjacent were
filed with an enthusiastic multitude.
1t is estimated that fully 5000 persons
Joined in the demonstration. The
parade of the representative merchants
was the largest over witnessed In New
York. and surpassed that of four years
ago. when the merchants got up the
demonstration in favor Of General Gar
field. The meeting was organized and
speaking began. Secretary Gresham
was the first speaker. He said:
on the of October, 1854, there was bal
ance n the Government Treasury OF Si5t,-
40, l55, exclusive OF m nor coin. but aftcr do
Quoting amounts required TO be set aside 10y
Constitutional pr visions there remained
balance in tho clear OF only Sli33 40t. To
present Dr0sper0. .is condition OF the Govern
mant was d e to Republican II anngcment
Honest Industrious deut-pnyint persons
uncortatn value. iAprIaiisel They wish that
Untei States notes aud the National Bank
no es should be kept up to coin
that many who arc now clamorous
AGAINST keeping this reserve for the re-
drpt99n ,n OF n1Sd 81 states , m notes @ saret
liz by The Constitution, and tnnt, Z o, wien
the life of the Nation wa IN imminent poril.
Bearing IN md the various clnins upon the
funds IN the treasury what bcCo ues OF the
charges made by the democratic cnnd.
date .vr N.ce-prosident an otners of imros
ing taxation md unnecessary ho dings or
s4bl 900, ~ or 1900 UOJ U0Ot The reserve Is less
than one.th ri OF Tho appa cnJ balance on
ha al. h, We too much respect Tor the intel
li,ence of Go, ernor Hendricks to believe he
does not know tat this apparent bai is
not available Tor paying OF the public debt
or tor genera purposes. The leaders of
the Len ocratic party, with some exec ltions,
protested against the issue o. onited States
NOTES, anl whc a. in tue opinion OF congress,
the hccessitie of the war re uired tom to
be issueu and clothed with the lcgaltondcr
gu itS the utter collapse of tho public crcdit
WINS predicted. Instead OF these predictions
beng verified, the GreennncRs, through the
wise uuu conservative management OF Re
publican Adm nistrations are ut par with
god. Those who are familiar with the action
OF the Democratic lenders during an after
the war on questions affecting the public
cred are not surprised to see them now ut
work by 8, eech and ote to get I'D of the
reserve without which we might be Obliged
to suspend specie payments
THE NATIONAL DEBT.
The war for the preservai ion of the Union
0OJ. This uebt, less cash in the ireu ury. is
now little more than Sl,4JU,00J,UJO The vast
difference bstween these enormous sums has
been pa d aud cxinguished un er Re pub can
Admiuisun ions, dollar for dollar, In gool
money. lAppnuse.) THAI is where the sur
piu revenue the excess of receipts over eX
hal " a ~ Ilttf.
the present year the reduction will probably
be SiOl.NO.VvO. During the last year of
the lust Dem cratic Administrations the Treas
ury was emp and our noating Indebtedness
exceeded S2u,UuJ,v00. The creditors were
clamorous Tor their money and the Admins
Ing the machinery OF the Government ruin
ming. Congress came to its relief by author
izing loan. and SO low had the pubic credit
fallen that the Secretary sold six-per cent.
bonds having twenty years to run at less than
ninety cents on the dollar. In contrast with
these democratic achievements Republicans
can point with pride to four percent. bond
twenty per cent above par III the markets of
the world and even tnree-perc mt. bond
above par. tApplausel The nc .iovements
of hepubiicnn Administra, ion, IN the man.
agement OF our finances ana in the reduction
al ei in the history of the World. Ioreut az
plause.b No one ut home or abroad doubts
that our war debt will be fully u ID hone tly
power. tLheersJ
THE DEMOCRATIC PARTY UNWORTHY OF CON-
FIDENCE.
The public credit has been SO firmly estab-
lished and the public dob SO largely reduced
that we can now safely reduce taxation wiIhln
the demands of the law creating the sinking
fund. that law requires the purchase or pay
ment OF one per cent. of the enure debt
amoant Z ,ual to the interest upon ali bonds
previously purchased Ior the sinking fund.
The Government entered into Solemn opll-
CATION with its creditors % use in THIS manner
certain pioi ortion OF the revenue derived
fom duties on imports This engagement
was ent- red into. IL Is 10 be borne la mind, Ut
q time when the pubic credit was ds.rusted
by many and the bonds were worth much less
than now. In some ears the debt has been
redrced bey nd the re ui.ement OF TINS
fund. A liberal estimate Will not requ re
more than SJvU0J w ior the sinking fui
foT the current year. and we will have o sur
plus over thu o., say, si-,uJO.OO0 or s5OOJJ..
6vv. lao steady deveopm ,nJ OF TIE coun ry
and the gruwtn of its trade and commerce
Will increase the rev nues under existing
laws. inIre 8. therefore. no necessity ior
ma nta, ming our present rate Oh taxuuon, but
In ,iew o. lhe re orls OF tue two parties is it
not SAFER 10 trust the Hepub lea 10 manage
our finances and 20 reduce taxation wi,nIn
rea onaJie llmits2 Applause) wny should
tie Democratic party Le trusted to accom-
plish ,his or anv other good re ult III legisa.
ton or ann II Hlrat.odl tt must not he for
gotten III I tbs party would have involved
Us III unuoid embarrassment IL it, leades had
been permitted 10 carry out their unsounI
financial views, not 10 say here5ies.
THE TARIFF.
In revising our tariff laws and reducing our
SONS revenue, LONE interest should not
be- neg ected. tApp,Ause.) Indeed, pro &C.
ton OF our manufactures and labJle.s
can and should be anorded by taxing only
BuUh imports as como INTO real cOnipetiIiOn
Win lem ana admitting others free. NO one
disputes thaI The hepuoiIcal party Is In favor
Of Jnus auordinS projection to our domestic
Industries. ,Lheers.' heveuue laws should De
enacted with reIeren' 10 our .oca, cond .tions
anu wants. We should iegislule in the inter-
es. of our own people rather than in the iu-
fng gg.fn nj mn Al ilf mi m ttt txv..
able 10 control the markets of the word can
We ahOrd 10 adopt Tree traie. NO LtNllIgent
man needs o 10 told tnat the weight OF opin-
lon IN me Democratic arty is decidedly OF.
posou 10 the protective prlncipie, but that
Dnce ln iull possession of ,he Government II
would refuse 10 enact or maintain p. .ective
tarl4 laws. Dut iC Is not now my purpose TO
en- or into an extenied discussion OF the tariff
question.
cIvILsERvIcE REFORM.
A Republican Congress has enacted law
Tor the better adm ,nistratlon of inc civil serv-
Ice. AZ has been ialth. ully carrieI into euect
by u hepubiican administration, and mas al.
ready NOrked u marAeI Improvement in that
serv ce. ,CheersJ MIR. Blaine has gwen sat
lsiactory assu ance OF his .iXed Ter una ion
TO execute II, should he be elected. and he
viii have the aid and inAuence OF his party.
I'm the o. her hand, should Governor Uieve-
land b elected, his pa. ~ with great unanlmi'
ty w.ll insist upon sweeping changes in the
ri.ll service. However good has intentions
might be, he wo ild not suce ceesstuliy withstand
th.s demand. The ieading men III tho Dem
DC hi.c party nave repeatedly declared
their opposition 10 any reform in the civil
service. IL Was this pa ty that, depar Ing
tTo n the teachings and HABITS of our ia.he 8,
Adopied anu enforced the spoils system in the
administration of tue Government 1h.s sys-
tea is a legacy from the Democratic parry,
and 1t has not lost its appetite for onic.al
plunder. Our candidates for President and
vice-Presldent have been conspicuous IN pub
ic lie for more than a quarter oil u century.
lhey are men of ackno lodged ablity.
SheersD No man in the country is letter
eguippel than Mr. Blaine 10 discharge the
iut4es of the highest ONCE in the gilt OF the
people. and GENERA Logan renewed applause)
no ess eminent as statesman than as
Ioidier. tCheersJ
GEORGE 6. BOUTWELL,.
Following Secretary Gresham was
sx-Secretary George 5. Boutwell,, who
felln