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Show LBy Telejfrupu.J Carl Scluu-z lcff nils Himself iiitlie Senate. To-day, Schurz commencad his speech by reviewing the history of the party division in Missouri, for which, he Eaid, he and those who acted with him, had been denounced as traitors to the Republican cause. He treated on tho interference, at the solicitation ot his colleague, Drake, of the national Executive, by which the State contest had acquired more than a local interest, and the subsequent sub-sequent defeat of the President with all his patronage, by the triumph of the very principles upon which he had been elected. The probabilities of the formation of a new party nucleus and the prospects of reform in the civil service and revenue, were also referred re-ferred to. His resolution on amnesty he intimated was a sentiment which had received an emphatic endorsement at the recent election in Missouri. He then proceeded to show that the disfranchisement dis-franchisement ofpersons engaged in the rebellion, was a temporary expedient, a measure of safety, rendered necessary neces-sary by the new social condition in the South consequent on the close of the war. He held that the removal by the party which imposed them, and while still in its ascendency in the government, govern-ment, of all political disqualifications, especially from the ballot box, was essential es-sential to the restoration of fiaternal feeling, as proving that such a measure meas-ure had not resulted from vindictive-ness vindictive-ness but necessity, and as bringing the late rebels to a full realization of their share with ourselves in the institutions aud greatness of our common com-mon country. He denounced, as false, the newspaper reports that Missouri had anything to do with a revenue re- lorm conspiracy, or its origination in Washington. Ills conviction led him to oppose the protective systoji. Had the tariff question been tlie issue in Missouri, he thought the majority against it would have been nearer one hundred thousand than forty-two thousand. The question was discussed, but was not an overshadowing issue. He denied the imputations against his republicanism, and the charge that he was hostile to the r,dniM'Hr'--"iop; and animadverted in puinied tpnn ."- tK ..- -.. . --u. liusiueiit iu interfering inter-fering iu the election in Missouri, attributing at-tributing his course to the influence of his (Schurz's) colleague, Drake. Schurz concluded with some speculations specu-lations upon the probable formation of a new party, aud the popular belief that the mission of the Republican party had ended; and remarked that the recent Democratic changes of position demonstrated that a new phase of political development was upon us. The exhaustion of old issues, and the growing dissatisfaction and insubordination within the great parties, were confirmatory evidences; while, on the other hand, the question of revenue and civil service reform were yet ephemeral issues. Upon the whole, while the prospect of the new party might at present appear obscure, it would come as a necessity of a national na-tional crisis. Schurz closed with the expression of his confidence in the ability of the Republican Re-publican party to become that new party, claiming for it tho possession of elements healthy and regenerative. Drake rose to reply, but yielded to a general disposition to adjourn. He gave notice that he would to-morrow reply at length lo his collcaguo's speech. |