Chicago Daily Tribune Newspaper, August 2, 1875, Page 1

VOLUME 28, WANDEL ) BROTHERS, 121 & 123 State-st., Oflor,n Cholce Lins of the following Carpets At Groatly Reduced Prioos, INGDAINS from..... 350 to $1,18 THRVB.PLYS from... .§1.25 to 1,40 TAP}H 'RY BRUSSEL + 1,00 to 1.60 BODY BRUSBELS from...... 1L.60 to 2.00 VELVET BRUSSELSB from.. 2.25 to 2,60 OIL ULOTIOS, MATTING, &a., at corre- spordingly low pricos. Curtains. An oxcoedingly cholco Jine of Bwiss nnd Nottrigham Curtning; Window Bhados of evory doscription. Ambrequing of I'l; and Mosquito Net Frames, all of ‘which wo are offoring nt unusual low pricou. et e e e o e —_FRESCO_COLORS, ESTO LIRS MANUFACTURED EXPRESSLY I'OR Freseo and Scene Painters, F. V. DEVOE & C0., New York, FORTY SUPERFINE COLORS, Prepaed vory carofully, in pulp atate, withe out G0 or mising, and packed in white ginss botties, Very conveniont ond ooonon:ical, FOI BALE DY JOHN ALSTON & CO., 179 & 181 Randolph-st,, CEIICACO. AT COST. 0UR ENTIRE RETAIL STOCK, COMPOSED OF DEQORATED AND PLATN OHINA, Dinner and 8ea Sets, Silver-Plated Ware, Chamber Sets, Table Cutlery, and Vuses, Glassware, Tancy Goods. POBITIVELY AT COST UNTIL CLOSED OUT, in. ctuding bhow Curcs and Tables, BOWEN & KENT 202 & 264 Wabash-nv, Wil continue onr Wholesala Businoss as tisual. JOIN TANKIN, Mellen, Willlam & Warnen), HELLEN, RANKIN & (0. Gommission HMerchants AIlD FLOUR JOBBERS, 188 and 100 Washington-st. Bpectal attontion to the purchase and Crain, Mill-Food, Boeds, aud Provisions, Caals sdvances made on conslgnmenta. #0ytion ™ orders solicited. " BRICK SMOKE STACKS, WILLIAM MoMILLAM, Champion Brick Smoke E(mk buflidor, Ia propared fo butld stucks fn suy of the uitiwostern Slater, (Junrantecs to pleare, Vest of Bolerancca givon, 25 West Ruudolph-at., Uhicasto, HARBLE IANTELS ! Waare now offering extra luducements to parties hn'lnuflomln in our line, UOHUREMAN & IIAND MANTEL COMPANY, ‘Alichij cor, Vau Luron-s of Flour, - EXCURSIONS, H0! Far the Thonsend Tsfands And Rapids of the River S Lavence, FLEASURE BXCU;IHI()N TORMONTREAL AND INTERMEDIATE PORTS, The New aud Bplendid Iassenger Bteamer, “T.ARE mRIE,” Dat. JOSERH OMAND, will leavo her dock, foot of A kou-bt., corner of Markel, ou Mondsy, Aug. 4, AT A oRHuTS o = "0 Mot Maect-ot, = SUMMER RESORTS. 8. MOUNTAIN SANITARIUIL, For Pulmonary Disenses, ABILVILLE, N, 0, This tnstltution fut the oure' sud trestmont of per- Wous sufferiug Irom Luug Dincans, fa’ now open xnd xUl reminin w0 thronghout tho entire yoar, Asleville, 13 feut abovo tha luvel of the eoa, bua for a lorg thine L.l:n vislted by sucl patients, and the climrte fs well lown Lo exert & benefiolal iritluctics on consumptives, For partteulars addrees W, GLEITSAAN, M. D,, Physician tn Chsrge, ~BRUS WHITE WINE elebrated fo PALATA lekion 3 R SING'S VINEGAR PURIDY, NN GTI wnit SNILNN, Warrsoted to &40 MIChigaucuvey CHIenpar ® - Dock to fignt. 150 foot _on_Bouth 8ide, ne . |wagd-é. I'J‘:'(duu. suitable Dx’n‘x;, fi&&fgg&. ) r businoas, D! . O [oWiib o Huttding. v BUSINESS CHANGLS, BANKRUPT SALE, The undorsignod offors for anle the WHOLESALE HANKRUPL BTOOR of i S Areh & Oor conaistiug of 95,000 ORTH OF WHITE GOOUS AND 'NO. PIONS, ~This stook is ofiured in bulk for , 8ud may be examiued on and aftor uday, August 4, on npfiflmumn to ROBERT B, JENKINS, Frovisional Assigaes,150 Latiallo-st. POLITICAL The Campaign in Ohio. Tepublican Mecting at Marion, and Democratic Meet- ing at Mansficld. Speeches by General Tinyes, Senator Sherman, and Scnator Thurman, Discussion of the Currency Question by All the Orators. The Republicans Show the Evils of an Irredeomable Paper Qurrenoy; And tho Democrat Favors Hard Mon. ey, but Supports the Shin- plaster Ticket, Address of the Republican State Com- mittee of Pennsylvania. THE REPUBLICAN MEETING- AT MARION. BPZECRES BY ITAYES AND BTIERSIAX, Orxcixnat, July 31,—A heavy tnin fell at Ma- rlon, Lawrenca County, last night, rendering the roads almort impassable, yot a large attandanco wos prosont at tho County Convention. In tho ovening, John Bhborman end ex-Gov, Iuyos addrossed o large mooting. It Is cstinated that 8,000 pereons wero prescnt during {he ovouing, [We give below tho leading points in tho speochen of Gen. Hayos and Boustor Shormau,— L, Trisuse.] GEN. HAYES. THE DEMOCRATIO INFLATION ECOEMR. Lot us now procoed to the consideration of some of tho questions whiclh cugare tho atten- tion of the peoplo of Quio. The War which the Domocratlo party and its doctrines brought upon tho country loft o large debt, heavy tazation, a dorraciated currency, and ao unhealthy condi- tion of business, which renulted two yosrsago in a financial panis sud deproselon, from which the country is now selowly rocovering., VWith this conditton of things the Domoeratlo party, Iu [ta recent Btate Convention at Colwmbus, un- dertook to deal. The most imvortant part—in fact the only part of their platform in Ohio this yoar whith recetves or dosarves much attontion—is that in which is proclaimed a radical departurs ou tho Aubjoct of money from thn tenchings of all of the Domocratic fathors. This Oliv Democratia doetrive inculeates the abandonmont of gold aud silver aa & ataudard of valuo, Horeatter gold aud silver azo to bo used as monoy only * whero rexpeot for tho obligation of contracts requires payment tn coin” ‘Ylo ouly currency for tho people iy to Le poper money, iesucd dicectly by tho Geueral Government, *ita volume to bo made and kept oqual to the wauts of trade," aud with no provision whatever for ita redemn- tion i coin. Tbe Domocratle candidato for Lioutonant-Govornor, who opencd tho canvass for bis party, atatos tho mouey.issue substan- tially as L buvo, Gon. Caroy, tu bis, Baruesville spooch, snya: Gold snd silver, when nsed sa money, ars redeemia- blo 1u any properly thero In for wale i the nution ; wiil 18y tazew for any debt, public ur yrivate, Tuls alony Kives them thelr money value, " If you had 100 gola vaglen, oud you could ot exchauigs thetn for ho uecessaries of life, thoy would be trash, aud you would Lo glad to vxchango thom for grecubacks ur anything el-o that you couid uss to purchiuse what you roipitro, Wit o absoluto paper maney, stampl by tlie Guvernment, and mudy s logal-tender for all pur- it functious ke mouey wro as perfect os gold or sllver cau e, ‘I'biin i8 the financial schome which tho Demo- oratio party aaks the people of Olio to approve &t tho election In Octobor, Tho Hepublicaus ac- cept tho isauo. Whethor considered nu & perma-~ nent policy, or a4 an oxpodicnt to mitigato pros- ent oviln, wo aro opposod to it. It 18 without warrant in tho Coustitution, aud it violates all sound tuauewl privciplos, ODJECTIONS TO INFLATION. The objoctions to an inflated and {rredeoma- ble paper curroncy aro 0 many that I do not at~ tempt to atate themull. 'Thoy aroso obvions and #o tamiliar that I nood not claborately pro- sont or arguo thom. All of tho wmischiot which commonly follows {uflatod nnd ir- convartiblo paper-moncy may be expocted from this plan, and, in addition, it has very dangorous tendencies which are poculiarly its own., Aa {rrodocmablo and inflated paperscurroucy pro- motes spoculation aud extravagauce, aud, at tho samo timo, discournges logitimute business, hon« entlabor, and economy, It drles up tho true sources of individual snd publio prospaits. Ovortrading snd fass liviug always go with it, It stimulutos tho domire to incur Jdobt. It causes high ratos of iutorest. It Incronses Importationy rom abrond, It has no fixed value, It is liablo to frequent and great fluctnations, theroby ron- doring every pocuuiary ongagumont precarious, aud dieturbing all oxisting vontracts and ux. pectations, Itis the parent of panics. Evor: period of inflation is folluwed by u loss of conl!- denco, & nlrinkage of values, dopression of busi- uexs, Jnck of employmont, and widesprosd dis- sator and distress. ~ Tho lheaviest part of the calannty falls on thoso luast uble 1o bear it, The wholewals dealor, the middisman, and the rotuil- or, always eudeavor to cover tho risks of the fiokle ntandard of vilue Ly raluing their pricos, Dut the mon of amall mesus and the laborer are thrown out of eroploymeut, and want and sulfui- ing are habla uoon to follow, Whon Ooveroment entors upon the experi- mout of jssuing irredoemsble papor-woney, thore can b no tixed linit to its volume. Tlho amonut will depend on tho interest of leading politician, on their whimy, snd ou the wxeite- ment of the hour, It afferds such fucltity for contracting dobt that oxtravaysut and corrupt Governmeut oxpouditures are tho suro result. Uudor the nswoe of publlo improvements, the wildost euterprises, contrived for privato pain, aro yndertaken, ludotiuity oxpansion bocomos the rule, any, ju the end, bunkruptoy, roin, and repudistion. TUE CENTHALIZATION OF POWER, During the last fow yearu & grost doal has beou waid about the centralizing tondoncy of ro- cout avents iu our humtory, Tho lucromsiug Eu\vnrol tho Uovornmont_at Washington hay ceu & fuvorite thowo for Demoviatio deolama- tiou. BLut where, sinco tho foundation of the Uoverument, bay & proposition been soriously cutertained which would confer such monstrous and dungerous powers on the General (loveru- went a4 tuls inlation scheme of the OLio Du- mocracy? During the War for tha Unlon, solaly on tho grouud of necosuity, 1bo (Tovornment lus sucd tbo legal-teuder orp reonback-currenoy, Liut thoy accompauiod {4 whfl a wolumn pledge, Ll.. r(:m following words of the act of Juue du, 501 4 Nor shall tho total smount of United Hias wued or Lo bo eued ever sxcesd um,um.o'ao“,'.'x':{':u&' sdditional swn 20t oxowudlug $37,150,000 &e Ly e fomporarily required for redomytion of ‘tewpursey But the Ohio inflationists, in a time of Deaco, on grounds of mere o3pelivuoy, proposs aa fn. e hicago 7 CHICAGO, convartible paper-currancy, with its volumo lim- itea anly b;‘l e discrotion or capriue of its in- sners, or their judgment aa to the wanta of trade, ‘Tho mont distingutsbied gontleman whors name in ansociated with tho aubject once eaul, **'Tho proceas must ha conducted witl: kil and cautlon. v+ o bymen whose position will enabio tuemn to guard againet any avil; " and, using s favor. ita 1lluntration, ho naid, “Tho Hecretary of tho ‘Troasury onght to bo abloto judge. lin hand is upon the pulso of the country. Ils can feol all tho throbbings of tho blood in the ar- teries. Ho can tall when the blood flowa too faut nnd etrang, aud when the expansion should coaro.” 'This brings un face to face with the fundsmontal error of this danporona policy. Tho troubla i4, the pulse of tha paticut will not £0 ofton decida tha quostion as the interost of the doctor. No man, no Governwment, no Con- wrees, is wise onough and pura enough to ho trusted with this tromendous power over the businees, and vroperty, and Jabor of the coun- try. That which concorns ro iutimatoly all busi- ness should bo decided, i possibio, on business- principlen, and not ba Jelt to depend o the exi- gencica of politics, the Intercsts of party, or the smbiton, of putlie men. 1t will not do for pronerty, for busineas, or for labor, to be at tho morcy of o few political loaders at Washington, eithor in or out of Congrees. Tho hest way o jrevent it iu to apply to papor-monoy the old tent #nuctioned by the expericuce of all nations,—let it bo convertibla into coin, If it can respond to this test, it will, as nearly as possible, bo sound, uafe, and stable, TILE SOUND TOLICY. The Republicans of Ohiv are in favar of no sudden or hureh measuros. Thoy do not pro- PO to force renumyition by & contraction of the currency. Thoy seo that the ship in headed in the niglit direction, and thov do not wish to lose what has alrcady been gained. Thoy aro satin- fied Lo lesve to ihe influouce of time, and thé in- herent enorzs and resources of the coutry, the work that yet romains (o bo dono to place our cnrrency at par, Wo believe that what our coun- £y now noeds to rovive hiuriness aud to givoom- ‘J)u_vmem. to Inbor is & restoration of confldence. W need confidence in tho stability and kound- nossof tho financial policy of the Government, That contidence han for many monghs past been elowly but stendiiy ineronsing. The Golumbua Democrativ platform comen in as a disturbing clomant, and givas a wovure shock lo rovivin g confldence. How groat tho shock which was piven to ro- turning confidence by the Derocratic action at Columbus, shundantly sphears by tho manuer in vihich tha platform §s recoived by tho Liberal, fud tho Euglils snd Gormen, Damuocratle prowi thronghout tho United States. 'Ihe faberal pregs and tho German press, wo far as I have ob- worved, §n the wrougest torma condemn tho plat- form, They npeak of it as distnrbing confidenco, nbasing credit, and threatoning repudiaticn, A Jargo patt of tho Domocratic press of other Htuten iu bardly lers omphatio, It would be strango indeed if this weto othnrwise, 1n Ohio, Town than twa yeurs azo, the Convention which nominated Gov, Allen’ resotved, speaking of tho Democratio party, thet * {t recoguwzon the ovils of an irredesmablo paper-corrency, but insists that 1n tho roturn to specie-paymont caro should Ln talkion not to werloonly distirh the businesa of the couutry, or unjustly injure tho debtor clans.” ‘Fhero was no inflation then, Now cowo tho goft- monoy londers of tho Democratic party, nud try 1o peraundo the poople that tha promivos of thiy Unitod Hiatos shonld only be rodeamed by other l\]:ommou, and that it is sound policy to incrense o, TIE NATION'S CTEDIT. The credit of tho nation dopends on ity abllity and dispasition to keop its promiion, If it fuily to koup thony, and anfiors thom to deprociate, its credit in tainted. aud it must pay high ratew of interest on all of its loans, For mauy vear wo must be a borrewor in tho taarkols of the world. The iterest-hoaring debt is over £1,700,000,600, 11 wo could borrow worey ot tho smo rato with gome of _tho great nationw of Europa, we conld vave perbaps € por cene por anmim on this sun, Thirty or fosty mllions & yonr wo aro paving on aceount of talnted credit. The more promes to pny au fudividual issues without rodeming them, tho wotse becomes his crodit. It tho samo with uations, The legal-tonsdler note for 85 in tho promiso of 1ha United Fiatos to pay thot nuwm i the money of the woild, —1u coin, No timo is flxed tor ity pavinent, It iw, thoro- foro, paya Ia on prosentation, on domaud, It iu not” pald, it is past duo, and it is dopre- cinied to the oxtent of 12 per cont. 'Lho oountry recognizes the uocessitics of the situa. tion, nny waits, and i willing to wait wmtil the productive businoes of the country enables 1ho Guvornment to redovin. It the Colutabua finnnciers are not ealictled, ‘Thoy demand the iwauo of inore promiros, Chis is inflaton. No man can doubt tho result, Iho screqit of tho nation will inovitsbly suffor. Thore will to further depreciution, A deprocintion of 10 per cont diminishes ths valuo of the present paper- cuironcy frota H50,000,000 to £10:,680,000, Irs oftact on business would bo disastrous tn tho ox- tiemo. The present Joal-tenders have n ecrtain uteadinoss bacauso thore is a limit tixed to thelr wsmount. T'ublic opinion coutides in that lmit. But lot that it bo broken down, and all is un- eortalnty, ‘Lha nuthors of this rehemu bolivvo intlation 18 & jjoud thing. When this subject was undér diseuesiou » fow yoats ago, the Cincinnati Znguirer suid, * The ixsue of £2,000,000,000 of curroncy would only put it iu tba power of each voler to securo 2400 for bimsolt and family 1v spond in tho course of u ife-timo, Is there auy voter thi that Is oo much, more than ho will want 7" This shows what the platlorin moeand, It means wflation without liig, und intlation is tho downward path to repudia- tiou. It meanw ruin to tho nation’s crodit, soil to all individual credit. Allthe rost of tha world have tho #ntmo standard of value. Our promises uro worthloss ad cutroncy tho momont you pass our boundary-line, Evel iu this country vory cxtonuive nectionn still uso the money of tho warld, ‘T'uxas, tho most promging and finurish- ing Stnte of the South, usescom, Californin and otlior Pacihg States and Perntorics do the samo, Look et their condiion. 'foras mud Californin aro not tho Innst prosporous part of the Unmted Htatos, This webenio cansot be adopted. ‘The opinion of the civilized would 1n againnt b The ¢ mujority of tho sblost nowaspapers of the vountry ure sgaiust it. The Lest minds of the Domocralic purty are agalust it. 'Thio last thres Democratic eandidatos forthe Lresidency woro agaiust it. I'ho Germadn eiti- zann of tho Umted Htates, so distinguished for induntry, for thrift, and for soundness of Ja.lg- inent in all practical money-affuits, are a umt against it, "Pue poople of Ohio will, I am conti- :l(int. ;(uclde in Octoberto huve nothitig to do withit, TIT INFLATIONISTS ALARMED, Bineo the sdoptivu of tho Initutiva platform at Columbus, a groat chungo bastaken pinco 1 tho feolings and viows of ity frionds, LThen thoy wore confidont—perhaps it i not tos much to say that thoy wero dictatorial and overbearing— towards their hard-mouoy partv-associatos. ‘Thate was uo doubt as to tho futent snd e ing of the plaYorm, Ite friondn asserted th thn countly needed more nionsy, and more woney now ; that tho way to got it was to issus Uovornment logal-tonder notes libarally, Dt the atorm of criticism and eondemuation which burst upon tho p:latform from the soundest Democrats In all quartors has alarued its wup- porters, Many of them bave boon soizod with a panio, aud aro now utterly utampeded and in fall totroat, Thoy eny that they arv not for iutla- tion, nat for incouveriible yaper-money, and that thoy nover have boen; that they look fors ward to a geturn of spooic-paymont, and that It must always bo kept in view. 'Why, what did they meun by thoir platform? Did thoy exnect (0 mako nioney plonty by au iv- #us of morocolu? Certainly not, By an tesue of mora papor 1edostmable i coin? Cestmnly not. Thoyexpocted to issno moro legal-tundac notes,—notes irredecemablo and doproclated. Stut publio opinion 84 shiown by the pross iv 50 decidudly against them that Ohio lmlullm.lntu now bogin to desort tholr own plutform, Evon Mr. Pandloton ta solicitous not to bu_held re- eponsiblo for the Columbuy uchome, Ho eays: * I mpoak for myself alono, 1 do not assume to #peak for the Demooratio party, It Couvontion has wpokeun for it," and proceeds to luterpret tho plaforn aa it it was for bmd mouu{ Henator Thurian did uot vo undoratand it, e thought thoe hard-money mou woro boaton, and telt dis- sppomted. It aw Jooks aw If Gou. Carey might bu left aluiost alous bofore tho cauvass onds, It Judge Thurman could get that Convontion to- Rotner agafu, it is ovident that ho oould now, in tho samo body, rout the intistioussts, horso, font, and artillory, Nothing but a victory in Ohio can put {nflatiou again ou its les, Let 1t ba do- feated in October, and the friends of 3 sound and houest currenoy will havo a clear flold for at Il guuuration, i S SENATOR SHERMAN. ‘WUY PAPKM MUNEY SHOULD BE XyUAL TO OOLD. Lot us oxamine the sossons why our curseucy aboutd be wade equal to gold, The tirst aud most obvlous one is that the Uuited Htates promisa to pay ite notes iu gold. Here ty & doilsr bill. Ttreadst “The United Staton wilt pay to tho berer oun doilar.™ What {an dollar? The statuten nf the Unitod Ktatew declaro a dollar to he acoin woighing 25 #-10 grainn of atandard uold, Why fa it not pald 2 Are wa unable now, 8n during the War, to méot this obligation 7 It i nid thanota does not fix the timo of pay- meat, This would ba no'defonse hy an indiviau- al [ & muit st law, for the Court wonld say such 8 noto wan payable on dewaud, and compel it ‘o pay, Tho United Blatea eannot be sued, but it ouzht to e honest ; it onght to obuerve those Tuics of honeaty that it proscribes for il citi- zenm, Admit that it hns the powag-to ssy that tho time of payment in s quention of public policy ; but s public poliey thnt dolayn the uy- tment of auch an obligation ater thn naticn 1a blo to pay serionsly bmpairs the pulio fafth and sete an ovil example. - Anothior roason why thowe notes should bo mado equal to gold I, that the purchnaing power of deprecisted paper-monoy deovds upon tho caprica of apoculators, who put ita value up or doven at thelr whim or inlernst, Every holder of thin noto finds itn walue dally changing. 1t may bo sworth 21 graina of gold to-duy, nna tr-jnor- row 22, It is like ® movable vardetick, or & changeable tun, or & sliort acra, Hurely, » promisn depending on tho faithi of n jrreat nation likko ours should bo 8a uuchangeable us (ha bost gold coin ovor Iasued fram L mint, ; Agotu, & paymont with stict & 1ota {o n Iaborer for his hire, or 1o a farmer for lus crain, in a do- lumon, It ealls itwolfa dollat. It promives a dollar. 'Tlie United Btates promiue th pay for it o dollar, and yet [t wil only buy as much an &5 coutn of real monoy. Bupporo e rurehinging power was made equal to coin, then thodeception would cense, and the Iaborer or farmer could Luy 24 1atch for 85 centn aa ho can for a dollar nos. Tho United Btates would bave redeemed it4 promiso, and all buginess treoeactions wonld Test upon real valnes, Lut it is satd thin noto is good. Ho it i, pord to pay taxes, for the taxiug power sureos to take 1t, and tiio sarne power declarca that it shall bo a logal-tender in parment of debts ; but would it not be bettor if it would buy us much wheat, snd corn, and clothing, as gold 7 1L would then ba good for all purposes. Thare is wo powc human law to fix1ts valuo iu gold, or wheat, or Isbor, or clothing. Evoryhody measures ity do- precintion daily. Wlls it s good t tho nense that tho United Blates is ablo tu pay at, 1t 1n not good in tho scnso that the United States does not pay it sccordiug to promise. Gov. Allen #aid, tho othier day, at Nowark, that the United Staten note and United States boud 1estet upon the ramo bacis. Bo they do, but tho bund rests upon o promiso duly parfarmed, ol the note upon o promise not’porformed. Tho difference I8 18 per cont. ' Wa nish to piaca the note-holder apon the kuwe footlng 28 tha bond-boider, Ly waking our promika us Ruod us guid, iustead of 14 per cont lexs. Tho question wo Laso to deal willi 8, aro wo now roady Lo enter upon this pol- iev of honesty, of equality botssorn note-holler and Lond-holder 5 thwa policy of good mou, uational monoy, papor_and gold, equal to cach othor, and worth what it promi OLIICIIONS ANAWELED, Now, follow.citizone, what nra the abjections tothis policy? ‘Tho firat and most obiions iz, that exisung debta and contracts hased upom deprociated paper-monoy would bo mdvansad to tho gold-elandnrd, If this was douo suddon! without notico or time for_propacation, it woti bu wrong ; bat, IF ressonabio time i3 given, co tincty will bo adjusted to mect tno chios Nenrly avory ane is n crediioran wellug a debiog, &ud dobtn duo you will Lalaneo wiat you owe. Tho advance toward & specio-standord “would bo 80 gradual a8 to bo imperceptibio, Tho fluctua- tions tn tho valuo of papor-money liavo besn in a Biuglo year mero thow the picsout deprocine tion, aud yot we allow four yenrs for the ciar go. When the notes wero firat iksucd all coutraoty wera payable iu gold, 1tor bind to suiTar aaopid deprocintion ; but, ‘0 180, thoro bay becu a grudual sppreciation of oue ourreny, [y A wino policy wo could Jong ke hnve ronvhad & specio-standard; bat, by 1canon of tus vosy fear of debtors, wo Lmled 1o tako prog.or meakuron Ton years bavo parecd away Eftice tho cloronf the War, sud still we aro 14 per cont from the spocice standard, ond buvo beenwo wows tor fiva years Shall thws alwass continuo ? Somebody will ol- waysbo in dobt. ANl oxiting debte kro based unon the knowledga that wo et reach rpecio- standard some timo. Why not now adopt the polivy, and give Lull notice of tus timo su | man- ner of ro:umption ? Will debts diminmh by postponing wsmeasnrably tho timo 7 Wo know thoy wiil not. Would you attowit the imposs- ble feat of scaling tho debl according to the value of the currency when it was coniracied # ' thongh ofton” proposed, has us ofien boen re- Jectod ms impructicable. Yhe ouly policy in to givo amplo tino nud notice, ko that debter nud ereditor may adjuat their obligations, and thoa steadily pursito thut poliey nntil yoar Umted Btates notenate uqual ) gokl; ani thix, a4 [ will sbow you, a the policy now propuscd uy the Topublicu flarty, ABOUT CONTRACTION. Auother objetion meeta us whonsver wo at- tempt to advance the valus of our currsncr to tho gold-staudsrd, We are tuld taat such Fpo- clo-payments iuvolve o great sontraction of tim currency, and that a contraction uf tho currency would walio mouoy scarce, aud add to tho |ires- ent distrens, This objection routs upon a tallacy, 1 deny Loth tho prowise and tho cuicladion, 1t rests upon the fallacy that we can by law 1ix the smount of the curroncy nocewsary for the wanis of buslnoas, From the very nature of u Kuod curroncy, it obts and flows. contrnets and ex- pands, to nioot the demands of tiato, 1€ 1dly, It ought to bo redoetwed; 3f needed ror the pur- chano of production, it shonld by jsuued to mot tho demund. ‘Lho enly law to rogulata its atacuot 18 to provide for'the waus of ail titoan bo maintained at par in gold, 17t is holow par, thoro is too muck. If it caonot bo realily had In exchango for productions tor wluch thurn is o dowand, thon there is 0 little, Undor thia rule, tho groat body of our prosent cireulation could bu mantained at par lu goll, and ull the gold pow Jyi idlo, and ult that s -produced by miiniugg, will bo added to and mgie with the pupor-oioney in daily use. It is 1 m France, whore an aggrouato currancy of paper~ imouey and gold ls muintamod o lante or largor thau oure, 8o in England, whore tho Lans-o(- Luglaud notes and gold coinaro both in circals- tluu, Bo it was in spocie-ysying o in our owu couutry, except that Lthe paper-money, boing then imsued by Biate wuthority, wus of limited oirculation, And now, under our adm.rabie. system of United Staton notes and Sutinl unk notos, both conld Lu gisintained w circuls- tiou at J)nr with gold, xud form a currency sa rafe and perfect s huwau ingsuuity has ever dovised, Al Iabor and productious would ba mensured by an unchangeablo standurd, and all tho wouey would cireulato thal waa necessary to purchase at the gold-siaudard every peoduction uf buman industry, A'anesr Eunon, Bometimes it is said that tie recent panio was cauncd by a want of ourreuoy, or u cuntruelion of the cierenoy, This is a groat crior, lu buntomber, 1873, When the pame com- menced, tho atmount of United Statos netea ont- standing was $350,000,000, of fractional curren- 45,000,000, and of bauk-circulation 33Y,- 00,~In sll, &740,000.000, or jgore than it over boon befors. The panic cawe witkithis vast sutn atloat, aud Becretary Richardu:u, witn- out autharity of law, {ssued €24,000,000 moro ot Unilad Htatos noten, for ths Inndable pur(oso, s ho thought, of oasiug tho money-uarket, It noarly all weut into bauke, and thero remained w unbrokon pacitaged. 1t flooding a country with carruncy would provant u panio or ntop ono, Loz we hiad the trial. Lut it was ouly like pour- ing oilou a five. It la demonatrablo that near- ly'all panies, excops ouly much am s1o tracosble to war, faming,” or Tiky causes, spming kom expauded’ credits, sud, fa luany cancd, fiom OXCOBEive papor-money. Over- Emducllofl i the juevitabla veanlt § mprov- ent coutracts, unprofitable ontorprisos, and wild spoculutiva, always follow uxpanded oredits, whotlior lly‘l:ulpl)l‘l“flu:l, bauliw, or individuals, Intistiu—ibis yorv uams unplivs _buoyancy, vxe pansion, gad, destruchion ; wnd, ulas, tho do- struation often {alla oy those who did not breod tho storm. Now that time haa given us & full view of tho oxpanded credits and improvidsat enterirsce of 1874, we oulv wundve that tho wreck waa not nore overwholining aud euduring, Buely prudent, sousible wen, nho will study such llnsocisl waves, unst coneluda that th on- 1y rowedy 18 10 reduce crodite to & substantial Losls. A tow mxticles for & tima will not soil bo- causo there s no dewsud for thow, or thero i su over-supply. But this ¥oou parwvs awsy. ln- dustry ls gradually seviviug, sud now is the bma il MONDAY. AUGUST 2, 1875. to harn our onterprines apqn apocia-paying mon- ©y, sud upon thrift, indust’y, and sconomy, WHY THE PXCESA OF PARER-MONEY. But wo Ropublicana aro often ol that, 1t Koid 15 tho etandard of valno, why woa papor- tuonny tssund at'all {n excosn of the amount that conld be kept st par in gold. Tho muswor s, thal it wan 1msued undor the overwhelming ne- connitios of o great eivil war. I remember woll all tho circursrtancen comected with tho fitst aud all tho mucceadine Igsnes of United Statos 0k an efforiive a part as any ono iding for their issne.” It wasin Feb- ruars, 152, atter aflo ths banks had surpended Kpcie-payments, whien our armes hod niads no DFupTess, our revenucs weto cit off by the War, And our gxpenditurca Wero morn thun 21,020,600 o duy. Tuera woro then lymg on tho table of Hr, Chans, Bocrolary of the Trensary, requisie tons tor over 50,000,000 to 1y our poldiery, sl W pupply Cthem with ool ammge nition, ond ¢4 traneportation. tonds ceoubl not bo wold,” ticro wns no cairency to pay for thom, We' had to itsue tho notes of the United Bistes in the form of currency, and yel an a part of the pubiic dobt, Tho oply question waw, whether they rhould br a leral-tonder betwren individugls 1o tho payment of debts, Upon this Loint I had cloar convictions. I fels that, If our soldiors wera to bo compolled to take thess noten as monoy, that wo were bound, if wo could, to re- quire” eversholy clso to take them sy monov. Ve eonld now feave them to tho tendur mercte of ereditors, khavers! and unpatriotic taen, who wonld gladly deery and repudiato thoso notes, Wa therefors inado them a leatl-tendnr, aud the Buprems Court hing uphald our power to do ho, Hut wa took overy precantion to prevant thei deprecintinn, Wo earefuliy thuited tho amonn: we mada thom receivablo for all tnternal tazes ; woe mndo thom o lozal-tendnr it pastont of ail dobits; und we muds theni chnvertivie 1o boods, the intorast of which way payabio fn gild, sud the duties or taxes ot imported Funds wero mado pavable iu gold, eo that wo wonld have au amplo fued 1v wold to pavtho ircerca, After sil thig, e liunted the amuunt beyond which o would nevor g b 400,000, Brch way the care and solicitudo with nlich we hodjred in thiy greoubacks, aud overy doliat of them was isstcd with tho understanding and doclared public imiu:_\' that, after the VWar wus over, they would bo redoeied iu pold, Tho great error of our linaceisl policy was in repeahing, inmstead of wispending, during the V) tof eacht holder at biw will to'convert his greenbanky iuto bonds. Lhix would Lisve restorcd them, Roon nfter the War, to par The eouae| of this error is to.n tho diseredit, LOW ten venrs after the War fs over, of forcing evoryLady 10 take our hotew st n denreciation of 14 per cent, while the United Statrs, with anigls means, refio to redeemn them, ncevrding to the prownge printod on their faco; and Chis iue Viuves UH NOW 1n & Krogaio with tho Denio- crutic party, wotch you are this twl culled upon to decide. The Nepubtican party ivsuod tneso Unitod Btated hotns ns o men for tho alvation uf our country [row a Den cratic rebellion, Tho Democrauz” Reproswnt, tives thon {u Cougrass dectared that wo had no power to drnuo theeo noies; that wo had no nyb o make thew a legal-tender ; and ihut, 1t inrued, they would depreciute to bo worth'ors,— tirat thoy would be Longlt by the cird ; and now theyare trying to muie their prophacy goad. aliepublicans, ava now trving. perhaps too carofully and cautiously, to make thens promises e Py e e D e ouly wilbont encniicing suy busioess-iuterchte, but'no ay to promota tiien ; but the Democratic party of Ohio, with the w<ne folly that hos matked their coureo wines the begioning of the War, are bent on reducing our earreney-to tiio standard of Continenial money, of the' French oueignnte, of the wild-cat mionoy of forty vears ago, snd of Cinfoderate mousy of ton yeary 30, Whou 1t euld bo bought by tho curd. FOsITI I TUE TWO PALTIIN, Lot s nuw examive the pracisy position taken 1y tho L0 great parties ou this important quos tion. At the first sesiton of the laly Congre in Decewmber, 1873, nlter tho panic bad awept by it resistless progress great onioriruos ot of exirtoncs ; when the downnd for ivon und fabries of tron, and, iudeed, for all loadisy waoutao- tures, bad ceasod; when indusiry in all bruucuen wae puiferiag from paralysis, Congress wau catlod upou dotlnitely to faco this finaueial question. Atl previous efforcs torestore our curroncy to the gold-gtaudurd had failed from irroconciiable difcroness of upinion nwong all parties aod 1n ull nections au 10 tho propor bicasure i muu- ver of duing 0. Then the Comeitieo of Finsncs ia tho Senate roported a resoluciun, very gonoral in ieg Loy, thnl it was the duty of Coigions to take defitnte mensures to restore vur curreagy to tho gold-stavdand, Thisled to o debate me:iora- ble. nt toast, for ite lens'b, but with practicutly no resultnnd Congrees sdjorned with no dette flunucial policy. 1lud was the iirst i in ity Inatery when tho Rejultican party futled to gray- plo with the fssuo of the honr, It wont tnto tho cansoss faat fall divided in its councils sud stient, whon it shotld bave spoien. e rosnlt was our dsfont aul the restoration of the Demo- cratic 1aiy to power iu the House of Reprenont- ativos, wiwi vamo eighty Conl.derate ofticors to reprosout the loat causo, Whon Congroes mat uL it Jasl xoseion, thin sevore defeut hud ouo good offect, st loast, i convineinig Republican micwmbers of Congress thot u party charged with tho administiation of the Government muse be nhle 10 sgros upun the most prersiug question uf tho tune. ‘Tho resalt wav, after the moet careful delibmation ; afier the froost oxchange of opiuous ; wfter wutnal coucersions by Reoutilic- ans of differing oinmiony, Cougross did paxs & Iaw which does ttefimtoly dectaro w publio poliey, nnd provides amilo mutns o restora cur cur- reney to the gold-atandard by the st day of Jau- vary, A, D, 1579, An 1 reported thin law, advoratod it, voted for it, sud now heartly defend and arprovo it, [ sull muy ba nllowed to esy that it does nit pre- renbo alt tha agoncies and weans thas [ would have selocted 10 bring abuwt tau rennlt suwed at. 1 do not concesl from you my firm convietion that the truo palicy was gealually to fund Uited Btoton notes until (ho residuo of thom werte at pur with gold, ‘The bank-notes, . being redeemable in United tos botes, would sise Tiso fo par at the kame time, A doctared paliey cf this kind, boldly pursued, would int, n my opiuton, have roduced to kuy eomsidorabla doe J:reo tha velinne of the currency, but wonid have wdded gold sud wlver to it, ued would luve m- spired such conflfvuce ay ot ouce to wtarl agsin into activity mauy udustries now lunguisiane aud -doprossed. Bub wany good Liepubiicans thought othorslse, and, therelory, wo agrowd Lo postpone actual resumption untl dau, 1, 1379, oxeept 80 fur as it would 0o prowotnd by the circulation of gilver eoins, and tho prop- awntions which tne Bearctary of the Tregy- ury is fally authorized to make i auttoipntion of rosumption at the timw stated. Whilo, therefore, this law does not fully meuet my views, every provision of it touda in thovight divetion, Lenduwig o ditorn, Jumping at hasty conciusionn at mlduight, declaiod'it a sham, but thay often bave eccarion to revise thols upiniond, auil sewe of thow have dons 8» as o this law. Thuugh remoto a8 to timo, avd very slow, yot, it hw dutios enjoinod on the Secrolary of tho Troasury by thiy Iaw are performed, wo will, nu wure ay fate, st the timo fixed, havo United Biatos notes and kenotes advanced to par with gold, "Tha Itepubtican Convention in Obio, 1 their socoud nsolution, declare, * That a poliey of fluaucs by stoudily jursuod which, withuut unncensary shock to Lusiness or trado, will ultimutoly equal 120 tlin juvchasing uu;:wi&ilul-llmcuih Bud pa- por dullar.” 'Tho aatne policy has Leon declaied by evary Hupublican State Cunvention hold this YORT, 8. thul We may now aunouucs as the tixed jolicy of tho Ropublican party & ntewly wareh toanrds specio-psyments, and 1o stop back TIE PUSITION OF DEMOCKATS IN CONGIES, What 1 the positiom of tho Dowocratio party on this question ¥ When tho Finaneo bLill wuy_ pending s Decembor laut, the objoction made y Demooratio Senators was, that it would not rench wpecio-paymouts koun enough, My cole leagno, Mr. Thurtan, was quite facotfous about our eantion and pmdity, Seuator Buyerd made s wtrong epooch against it, becansd it did not provide at once for acontraction of the cure roucy. Every Demoeratic Benator and Mombor voted sguiust 1t ; soma wanting to repeal the legal-tender sob § somo wanting resuwmption iu July, 1470; and all denonucmsy our sl progross towards spocle paymouts, snd uow, **presto, chnpgo 1" thoy are for mwre monoy. Judgo Thwwman b muzzicd,—allowed to u-rur only Lefure seleciod audiences,—amd my old friond, Bun Cary, fslet loose to load thid new ery of more monsy. Well, more mouoy is a good ory, for wo sl want mousy, but it s not by suck a Fulv-\-ry that an futelhgent poople will be lod to ssu0 more sud more depreciatod papor-monoy, in dotiance of the wurniugs of uspericuco, veason, law; and publio honor. Bofore roading thls now Democratio gonpel, let we muits the sttention of wmy Domooiatio hourers to the sttitudo in which that old historig party presonts itsalf, If thore was anythun defluite iu its old-timo policy, I6 was * har woney,” the *‘money of the Constitution,” * mouvy that Jlogies"” Evon dwing the Var, i when the Inana of Paper-money was B um;: wvaa somethiug manly o u,euy oppaZ 51 toft, But now, when Ll Bapublican paf - *eck to make thin money wqmal to *hardy 7,” the Damocratic purty in Couventi 1 awsdminad, for- fetling tho trmditions andsteachingy of theie party. domand more me manny ; uo lit, no for ita payment, no specie-standard, rooaustiing m thi bat sheer bune trifliog with your nterouta " tne s h hops that, in time of femporaty dopreeion, Yo will forgnt all the teachings of Bistors, anu yotn theminto power 2 s tus Democratic party of to;day tho parzy wisich, by its boldness and cour- &go tuder Jackson, recurad tho confidsnin of its Bupporters and tho redpect of its iy surioas No, wir, Lrer siuco tho Liapubiican party cams luio power, on this, a3 ou overy other question, lncluding every inearura for tho prosecution of the War, it hus sip: oppowition party, projosing no dofinia meas- ure, and onabloto agres apon any adirmative logislation. Aud, uow, on this vital, quession, tho I¥orid dououncus the Engiurer, and the ZEuquirer the World, aud Gov. Allen fs mudo ride on & plstform in contradiction to evory sontimont of his hife. NATIONAL BANES, Tlie ninth rosolution of the Demoeratio plat- forni 18°as followa Tlat the policy alroady inftiated by the Repnblican Ity of wboilabiug legal-tenders anu piving Satlonol arks the power 10 furulsh all the currency, will in- tun, o deprecinted “rietion, no [rovision g the | S wud thas v “piase 10 thia Puliey tho deniand. that wlf th Nationa Lab eirenlati n e promptly ond permancotly ro- trcd, and logalttenacea be tistied in their place, . The snbstanca of this resolution in, that the National Bants abindl Lo promutly destroyed, and that the grennbucl: cirentntion suali be tocrensed 88 tho watus timo tu 1, 110,050, KK, Befora exam-¢ ining this startiing propoation, 1ot us disposa of romo of the errore of st contained in tius reno- lution. Itis not true that tha Republicen pa propokos ta abulish tho legal-tenidera, of to g to the Nativnal Bauks the entre cireulation of the conntry, Lhista n suestion of sho future, 1 parties huvo no: yet t 4 and upon which, no donht, o] n Wil atisa, The Rejublican party hau: takeu tha position that, by the lat of Januar, 1679, Lath Ingal-tenders and Natinnlliank notes tliall bo redactusblo i pold when demauded. "To this extont, and no further, hiuso they ¢ a position. For oue, I am teeo to ray th while our public debs oxists, Lam for waintuin- fng i cireniation United Stitss pica to tho full wmonnt that can 15 mxotuned ul par n goid, oud oo more. Aui L nm convineed that kel notes, pavally oa deamnnd in coin, or at tha ojtion of th Government in a tixed bond, whichi in the moug; markict in unually at par in gold, would koep in e (. 3 NUMBER 343, tualo In valuo, Tead to speculstion and extrars. Ranco, and bonefit no oue but money-sbavers and speculators, Wo beliave that onr eurroncy should conelst of gold and rilver, nod, for convenianco, paper convertivin at par into gold and silver nt the wsiil of the hotder. In thia wo concar with the uniform teactings of the Domocratio party, with tho opinion of every really eminent potiti- eal-oconomist the world over, with tho lessons of experionce found in the history af every com- merefal nation, and with tho viawn of slaost the ontiro body of the business mon of Amarica, TUE DEMOCRATIO PLATIONS, Now, 1t linw been roundly nssorted, and with a vlotenco of speech that might bo considnred in- temyerato, that the platform of our late Conven-~ f1on mieany just the opposito of onr opinions § that it means an irredecmatio paper-cnrrency now and forever, and, coneaquontly, that gold or silver, or pager convertible into gold nud sil- ver, shall tevor form part of our cie culating medium, Lt cortaioly no snch idea is expressed fu the platform, nor do 1 belinva that it 14 entertained by & mojnnity of thoso who spprove it. I know that thars ora mon who nd= vosaln the abandonment ot goid rud sllver as motiey § who scout tho Iden or rodeemnbility of the carrer.cy ; who assert that whatever the Jov- crnment calls monry in mones, ad whb rogard irredeemahlo greenbacks awthe lust curreney the world ever raw. It I do net think that theao men conktituted & majonty of tha late Convention. or of its Commition on Rosolutiona. Had such been the ease, their viows would have boen expressed withont smbiwmity, Duy you Took iu vam in tho platform for g dirost exprersion In favor of irrodeomatnlity, or a direct pseertidn that geld and silver should bo demonelizod, It advecutes tho snbatitution of greenbacks for Nationnl Tank notes, but iy nowhora suys that the greenbacks shonld bn srrodoemable. Ou tho contrary, 1t contemplatos that thoy shall be bronght o par with goid, md, altiough wo many not Lo quito ablo to eeo Loy that can bo dona In the modo propased, Its do- rirublenass ia mont dintinctly and fully rocognizod. And thon, #atoiuflation, tho piatform dons not cav o plain words, Uive us ipfation, VWhat |t docs moy is, **that the volumo of curroncy bo mado aud Lnpt ‘o the wants ef trade ™ and i all, Now, L supposo that thero ln not, arul vever hen been, o man in any civilized country i would uot sy that the volame of cucrency #uoald by 0ual t5 the wants of trade, T £ 18 to ntter a saare trulsm, a more abatr, circulation all, or nearly all, tha presont voluma of United $tates notes ; but it bot, thers is no reagon in the world why ths Government ousin not to pay iterezt oit & gebt it Is not prepure, to pay in coin. ‘And with ruch uoten, it i fm terial wh Yo guord aguinst tho suddeu effocts of & pante, I would leavo them o Jogal touder. arv wy individusl views. often exprossol ac sineerely entertained. But unon tbe uucstion th Liepublicau party Law taken no position, nor ouzht it to do 8o until atter resumption, As to, Nazionul Danks, thoy aro entirely lu tho! tha pawer of Congyess, Wo cun ropeal tho law ol their ereativn. © Would it bo wino to dv fo “They ar douounced ua & monopals, This is now A falkchood, Fur o timo after tho limit pansed ' by law for Natioual Bank cirenlatian was reactied, Liey were 1 one sensd & moagpoly : but pinve | the'act of fase winter, bankiug ix 64 froo s black- smihing, on-mating, or mechandising, and freer than the making of lawyers, or duetors, or treachiors, Auy net of men 1ouy start o bank in any pait of the United States on tho tems, con-1 the Bank- ditious, aud responstilitiey fxed 1 il law, Uver 2,000 bauks | ator e uil over the Unit aed of thewr own positid wicli thew, $950,00..07: 103 0 Irgo part of tue eriv wihich tho matufastunng, eom: and thiy e capital upou n wicinl, und Wi 1wy indnatries of the chiptry rerss, They oro tha prineipal ayzents for the deposit and exchange of money. not only in tha United Statos, b with forsign nations. Their businces reachios among aud intetlicos with that of every of the United Stater, 1oy aza privato cozporas tionm,—tho Governmens bay uotliog 10 do with them except t malke them pay taxos aud to obey tho laws, Thres lawe aro v requirine {rom them reports u: end euofretin them (o breguent e nations at wnexpected i toimng; over il tho mrictost fonce. Tho onlv peivilige thees i thet the humbleat™ eitizen d: giving awpla security m U they may 1svite B certas ing noten. Tuev pay the expitse ol Pratine thera notes ; 1edvetn thew Pronn Ly on G with United Siates notes: keep t “Lreasury of tho Umted States 1os bl 190 5 the notes ure not u Iezal tender s rLoboay as bound to tako thers. Waen this is atl dous we requuo taef to keop a part of ther noies on hand ; wo tax thou all ; tho Statgs tax thony, and tho countity and 10wns, 80 thet thew sgeregato tazes atu how Ui Ot The<s aro tho N, Gous Banku, Thay woro orgautzed Ly tha | publican party to superaedo, 1o tuie the tne Nuato bauss, 8 momarel erow mon authonty ; obozing o law 3 pivi SUatos vu wzeurity ; teating belld casily contors foitod avd or limited cirenla Und National Bank Jow tuoro can be bo e, counterfeitmg ; tho natas are eocured b tho posaibility’ of lows 2 but the nota 18 goed. tion anywhorobin the Umited S aro organized for 20 yeats. but rtil the e cuts b repeat langad, Dolits ars Lard to poy and lardt, collect. Eiverybody is trving i oxpunsed, nnd $0 mako & fitte worh crap, Al DO a wet of mon, Kelf-appointel, eaiing them- #rlves w Demoeratic Conyention—n Siate Ui vantion, remeniber, uot n Nuti oot at Columbun sud rosclvo theae 5 s sy tun of pational debts, interwoven with {ho amuess of tho people of the United Statos, shali o promptly torn up; that this vist ioe debteduess of tLe peopl 1o thu banks shull Lo promptly paid, and tuat ail the Lends ot the Unitod Btaten uow hiekl by thexo baniw phall bo forcod ou the masket, und that the Usnited Btated sliall then iasie ate leg i wnoies to the additional amennt of SEMLUOKY, Such in the dusancial propramwe of the Ohio Demo- eratato give roliof to tho business mtsreots of the country., In thero wny bu« i whio Lioury quo who daes not kuow that sich u meass uro, il adopted, would uttaily dostroy tho in- dusiry of tho country 7 vt Sl TAE DEMUCRATIC MEETING, AT MANSFIELD, BPERGH Y TIORMAN, Special Dispatch to The Chicano Tridune, Manerreen, 0., July 31, wator Thurman daliverod tho opouing suocch of the campaignin Northern Ohio, befure an opon-air mecling uumbering sbout 1,000 persons, W this city this atternoon. o way introduced by Col. Daruabas Burny, a promivent Dewiociat of this city. Ho occupiod nearly two lours i the delivery of lis mpaech, which ho real from printed copy, tho audienca listen- ing in alinost pet fect Biloncs, whloh was broon but onca with » very fawt appiauea, and thiy was proditeed by Lis declaration of unaltered ad- berenco to lus hurdemonvy prinelrios. Neitlior his labored plea for the wuppors uf ko Domo- cratle bicket regardless of piatforar, nor bis arte fularraigninent of the Republican Administration wxtracied tho slightest exprossion of upprobaaon from the audienco. Beveral coutradictions of hiwsolPiu tho courra of bisspeoch woro ramariod by tho muditers, and quite feeoly commented up feerwards, “Wlora fn n gSiseral fooking of disappaintmont smong Domoorstio fuglemen, who sre licte b coualdorablo forco, at s recoption. auil suie disappomntment cau but bu keenly felt by Thur- mnu biwwelf, It lu gencrally tomarked fat, coueldering ita siguificanco; tho mecting wad tho dampert in euthusinsnover hald 1 Olio, [Bonator Thurwau's renurks on the currency plauks of the Demouratlo platform are uy fol- lows, =L, Tuwvse.] ——— SENATOR THURMAN. Yoo, my fuliow Democraty of Richland, are what are called bard-money mon, and I am w hanl-mouey wat,—that {8 to say, wo do not bo- livve in an frredeemable papor-currenocy ; wo bo- Liovo that guck & ourcouoy must novedsarily fug- er they are or aro ot a legal tender., e, thess ‘Tho practical question s, Have wo that volums no ¢ uud upon thin quention the platform 15 wiloat. Lo lim who belioves that the prasan. yolume i sniliciont, it moaun no Inflation, for 11 Lis mind it is al v quite *‘equal to the wants of trudo.” To muother wan, who thinky tlint woro eurroncy i neeled, it does mean oxpian- siong - and o, whether it moans the uno thing or the othor dopendy upon the pre- coucerved opinivns of every one cadn ft, Suppone, for wetance, thas an Ohia ber of Congrosd, baving Lo ¥oto upon an it jon bill, should 100k Lo this pistform for his prlanee, what light would o get# What is there fy 16 to tell hiniwhethier ho should voto for an increave of currency of ten millions, & Lundred miltions, tive bundrod millions, or no tereaso ut all # VARIED INTERFRETATIONS OF TILE FLATIOU, Now, the goutlemon who framed this plntlorm ara ablo aud bold men, masters of the Englink tonguo, capablo of sayiug what thoy mean, and by uo monoe afraid to eay it. Whon, thereforo, thoy pluinly denonnce contraction, bt fail to ospressly “advocats inflation, 18 not thn presumption far? that thoy do wok mesn duilation? Understand me, I am not defending the plattorm, for in pomo par- tientars L do uutfixkc it, nud I leavo to thosw who upprovo it tho tasd: of ity ndvoeney. Noram [ eriticlsing it, for L have no disporition to bo crit- , oud Ileavo that rolo to onr common sdver- avies. 419t 1 think 1t but justico to sas that thy platform has boen conetraed to menu more than igexprassed tu iz, and moro than was meant, ag [ boliove, by those who fromed it In eaviege thiy J do 1ot lose wight of the interpretstion visced upon it by wowo of fta friends, 1 know that enmio of 1ty Wastiest advoeates tegard it na 8 duclaistion ngsinst gold and eilver, and tor an irredecmable grecuback | cure reiey now aml forover, eoupled with gront 1 permanent inflation ; but for ressocs that I avo partly stated, and othors that I bave no Lo ty wiato, 1 bolisva that theso men uro come paratively fow in Tho truth i tist thoro i3 & wida diverwity of opinion among tho paoule of il partied ujon this sabyeet. Thero ara Demo ratic bard-moncy wan sud Democratio paner-ast oy 2isw ; Bepublican Lard-money men and Bepablican papersmoncy man ; Dnmoerasio eamptionian st Demodtatic inflationtsls, ‘The quention i na rtrictly W patty guotou. IMoness wen of all parties tay be lound on ith opporits mides, und ko it by over beeu after (VO Rrent pane by which tha cotntey ha« heen aitticted, I have not heard an armmest pro or con, thad b not been arivanced o lisndied timen m Burape and Awerica bofore tho panic of 1575, I, in tha ead, trath 18 sura 1 provail ;. and. in the menn- thino, burd words and bizter iceasulions sorve o good purposa, AL PORETE 1008 on (g ubjeck ey are tun resule of X perience, und of & long, patient, snd covscien- voms etudy. £ huve expresaed thein timy s BRI, I Conyers 1 pnblic meesings, cunventionn, sud in my place in s Sous! 1 mnod by thom, weaidver may Loy po- Itical fsto; but I do oot aeseois to bo jufallible. and reblessly condsmn i sincero wy 1an wio entestun 8 d.ite Aduch lows can 1 wanction u i Domocratie party, bueaisa ma si Lias 8o happened that o Convontion nowtate btats otlierrd orl: bLave 10 jnrisdiction over tho Nrrency qavstion —nas, upon thiv oo n, ndoplod noplat- form that my il t does not approve, [ heve'beon a Wem erat all wiy life, and whe ®horo to b n Domocrat wu3 to bo polit ostracivod, 1 bave clung 1o the party i its dnekent hours, r4 well ws” i dtw brighitost, suh somothing nkiu to devizion, boeau-o my loal asd my bonre npproved ity fumdamantal rncre pled. L vet ook to 1t ss destined to restora o the Repubhe consticutional, honess, and econumical governmens, to promote fraternnl fectlngn betwowu alt ita parts, aud to porpetuste {reo Institutions for azes ta comu ; ana 1 csanot, by anv word or act of mine, cantnbuto 1o it overthrow, 1 know that it is not infaliibly, for nfali:ble, L know that it has coms ors, and that overy party has commit- e 3 bt 1 alao know tha (18 fundamontal prineiplos aro aound, and that its purpados uro bonert aud patriptie, It thereforo well deserves wnd comumandd viy suppor;, sad althouzh my ine fluenco way bo ‘small aid wy eorvicey little wordh, It hay u just chies t9 tuom both that [ cannot dony. 1 buve thought it prerer to maka theso re- marks th my fiestr voci of the campaigo, and poeeibly oues for al, {or 1t thay 80 bappen that, my vioks bz etratly expressvd and goneraliy kuowa, it will 1ot Lo B0cesrnty 40 TOpeat thoui, Aud, impotant s4 this curreucy «question is, thers Aro other questions that, 1 my judgment, ara ebhil waro muportint, sud these £ pruposs, in tha couteo of tho canvaes, to discoss, But I hive havn porsaunlly asatlod and misrepresent- ed, und the bund-money Demoorats of Ohio, with whow [ act, have boen tauutod and ridiculed : and eelf-respoct, and the daty I owo to thom, domsuded that I should say, frankly and clearly, what they aud L beliovo; and thas L ehmuld sat forth why, without icconsioton ev, hinilistion, or Jors of honor, wu e1n support ouz tickol, Aud, bealdos, iy conntitisuts have A teht to 1y opinions, npon pabtic atfairs, bo ey worth mauch or hittlo, and I bave uo dipo- ritions to conveal thew, Aud lastly, 1 hold it to by wy duty to advocato what 1 ieliove to batrne, 1 havo sald, aud repeated it, that wo can, withe out dishonor or tho wurrendor of_auy prineipto, sapport the bwket, awd Ebave given you suma Feasona for this opislon; it et all “that may Le givon, and, though che ta-X may seem wu- E&rfluou-, Iheg lJoave to detain you withita tLie lougor. A NATIONAL COXORRN, The curreney quoation, #o 1ar sa_loglalation cau adoct it, restd with Congress, The vilicars to be'elected i Ofio this year will have, ag I Bavu already vad, no Junsdiction over it, It {a & Natiunal, st not o wero Hiate coucern; and withough overy Stato Lias w 1ghe tu oxpross its opiuicn npon it, and may yuey proporiy do so, yet its walution is dovolved upon the Reproeeuts atives of alt the Staton In tho Cougress adseurs blad, Awl the drafing of a Nutional party plitforas upon it, 8 bo submitted to the peuply, *s tha ottiee of & National Convontion reprosect- iug the party lo 4} the Btates. Buch a conveus Cunfmued on the LN Base, o ntate it ehasin i ufiicers who will