OK, I see how this is happening. Yes, the feed to the motor is direct current but after switching that current through the motor's commutator and brushes, for all intents it is pulses of DC that are being applied to the motor's inductive windings. As the motor speed is reduced for any reason the switching effectively slows down, resulting in a lower applied frequency of those pulses into the same inductance coils. As the frequency decreases so too does the inductive reactance of the coils (the counter EMF if you will). In other words the load resistance of the motor will decrease with a reduction in motor speed resulting in the increased current. Seems simple now that I've thought it through.