ssional ticket, he did not underrate the
difficulties to be contended with in the struggle. Several Republican
members of Congress had taken the inflation shute, and were continually
writing him not to be too decided; that a little more currency would be
a good thing. But he buckled on his hard-money armor, and going into the
contest early, delivered at Marion, Lawrence county, the sound and solid
speech which closes this volume. Thus, in the midst of the miners and
furnace men who were suffering most from hard times and clamoring most
loudly for more money, Hayes boldly proclaimed his sound currency creed,
and opposed inflation to the extent of a dollar.
Strong men came from other States to aid him in this battle against
odds. The strongest in this kind of battle were Stewart L. Woodford, of
New York, and Schurz and Grosvenor, of Missouri. General Woodford, in
the dozen debates he conducted with General Ewing, the ablest of the
inflationists, developed debating abilities of the first order, and
exhibited a complete mastery of the science of finance.
Colonel Wm. M. Grosvenor showed the same powers on the stump he had
shown as a writer, and presented arguments which will probably remain
unanswered for some centuries to come.
Carl Schurz appeared late in the field, upon the call of two hundred
merchants of Cincinnati, who assured him that the cause of "National
honor and common honesty" was involved, and delivered a half dozen
superb speeches. Senator Morton, Senator Oglesby, Senator Windom, and
Senators Sherman, Dawes, and Boutwell took part in the canvass.
Attorney-General Taft, Ex-Governor Noyes, Garfield, Monroe, Foster,
Danford, and Lawrence strengthened the State forces.
We can not waste time upon the dreary drivel on the inflation side of
this campaign. Men who have not learned the elementary principles of the
science of political economy, who have not mastered the definitions, as
we say, in geometry, could say nothing intelligible to the finite
understanding. The speeches were as "incoherent" as the New York _World_
proved the platform to be. They all contained doctrines, however, in
perpendicular antagonism to the financial doctrines of the St. Louis
convention. When the inflationists learn what money is--what its office,
its function is--they may be able to resume the discussion of finance
with their opponents in the Democratic party.
After a campaign which called forth almost daily leaders from the p
|