Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
_Seventh._ That while honorable opposition is entitled to
respect, every effort to blacken, for political purposes, the
character of President Grant, is a crime against truth which
vindicates him, and an insult to the American people who honor
and exalt him. Pure in private as irreproachable in public life,
with strong convictions yet deferential to the popular will,
patient under attack, more ready to listen than to speak, with
no display and no ostentation—those who know him best bear
testimony to the sense, the sagacity, and the power of analysis
by which his utterances are characterized and impressed.
_Eighth._ That in the judgment of this meeting a majority of the
people of the country expect, desire, and decree the
renomination and re-election of Ulysses S. Grant.
SPEECH OF HON. E. DELAFIELD SMITH.
Mr. E. Delafield Smith said:—Fellow Citizens:—It is manifest to
us all that President Grant will be renominated at the
Convention in Philadelphia. It is equally clear that such is the
wish of the American people. This is due to a confidence reposed
in him by the “plain people” of the country, which no
misrepresentation seems able to impair. His opponents assert
that the public declarations in his favor are influenced by the
office holders. But this cannot well be, for the office
_holders_ are always far outnumbered by the office _seekers_.
With regard to executive patronage, it is as true now as when
Talleyrand first said it, that every office conferred makes one
ingrate and forty-nine enemies. The truth is, possession of the
offices is a source, not of strength, but of actual weakness to
any political party. In spite of this, General Grant is so
strong and popular that a coalition is frantically sought as the
only and forlorn hope of defeating him. It is thought that the
Democratic masses can be carried over bodily to the few
Republican seceders. But the moment the Democratic organization
is relaxed, it will lose its hold upon thousands of its own
members, and they may and will prefer in voting for a Republican
to make the choice themselves, and they will rally in large
numbers to the hero of our patriotic armies. The coalition
meeting, lately held in this city, recalls the old arrangement
as to colored troops, where the officers were white men, but the
rank and file negroes. So here, the platform was covered with
Republicans, but the audience was made up of Democrats. In thus
acting with their old opponents our disaffected friends boast of
their independence, and impute servility to us. But they are
wrong. That man is most independent who is at once loyal to his
country, true to his party, and faithful to his friends! With
these brief observations, I move the adoption of the address and
resolutions.
Public-domain text, read in full here on John Shaqi.
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