Indiana American, Volume 9, Number 35, Brookville, Franklin County, 16 September 1870 — Page 1

TER MSOFADVERTIS ING.

rCBLISHED EVERY FRIDAY BY C. II. B IN Gill M, Proprietor.

Office in the National Back Building, Third Slory.) TERMS OF SUBSCRIPTION: $2.50 PEBYEA.lt, in advance. $3.00 " 1( NOT PA1D IN ADVANCE No postage on papers delivered within this County. Spinning. BY JCLIA OO.iliOARD. Spinning a slender flaxen thread That sudden is snapped in twain Dreaming over an idle dream Whose sweetness is lost in pain Spinning and dreaming From morn to eve; In all the dreaming in vain? While-winged butterflies flitting among The golden bloom of the grass ; Red moss-roses with rich perfume That the light winds kiss and pass; April sunshine, then April cloud, And a sad heart sighing "Alas !" Spinning, spinning a tangled thread With many a break and join, Many a fret and many a knot Spun to one complex line ; It takes a knotted and much-pieced thread To weave out the life divine. lloyal white UUies in chaliced uearl Gathering the devs of Heaven ; Glorious trail of shining stars Over the dark night driven ; A fountain with bubbling crystal wave, And a golden bowl that's nven. The Sun glints in through the twining vine, And the bird sings ou the bough The spinner hears but one heart-struck chord , And the bun is darkened now; She spins fend dreams o'er the btuken thread A dream of a broken vow. Speech of Hon. J. M. Wilson, At Gfci-ujiclJ, iSattinltig, Aug. 13, 1ST0. Ulow we t;ive a portion of the speech tf Judge Wilson delivered at GtcenSelJ that portiou relating to tbe liuauces. Other matters that were discussed are toiitted for want of spaee. The nation itself has been saved, but the consequences ol ttia t renieouous euni.ict are yet upon us, and to be provided ;or the poiicy of the government iu the ;uture is of infinite moment to every citi it ii, and the dootnties of these political jtriies iu regard ta what that policy shall le will have much to do in determining where the thoughtful voter wi!l cast Ins t allot. 1 propose, therefore, to consider u the next place what the Deui tcracy of Indiana promise to do in the futute it Jlaced in power, aud see whether it commends itscit to the voUt us being wot'thy it his respect and support. There are low men who do not possess he commendable desire not only (o niainaln themselves uud tWir laaiilics in com -ort, but also to accumulate property tor the support ot old age aud lor Uausmis:ion to itieir cl.ildieu. This is one oi the treat amis ot hit-, to a.d in ccoupli.-l.iiig winch is one of the purposes iu orgatiizuiji the government, it i., therefoie, the right t l the citizen to have tite govern iiieni so udminisieted as to he most promotive of his object and least burdensome to him. To manage busiuess successfully there must be a substantial basis upon which lo louduct it. I think 1 cmu safely assert here as a fundamental tiulh that nothing

tends so much to hinder the succcsslul , uuw 11 1,1 Uit'!r I'lauorm ol principles, jrosecutien of business as shitting and '; One is, that they are willing to piy the uiictitaiu values. Nothing itiiu motc-5 20 bonds, of which there are now 1 500,ihau ihis to disparage trade iu all its va- j 000,000 outstanding in greenbacks or lent, tits and rainiiicatioiis. g:l lenders, but they are unwilling to do It vour meicliaul bus his goods with uiore than that. Tlrey will adjust them no cciiaiiity as to whether the puce wiil'in no other way.

...... w v. c.-..vc.!,, ..v .i. .n. ... i Uiust Lc tuuuiiua.ij ii.tu.iieu mm isi o n s 4 bankruptcy . Your polk moichant may j iuy to day lo una litmsell a v.itcsiis or a 1 L-egg&r to-morrow, oy the inUitioti or deI'tt'sshui ot prices, and so tt is with your ! ..Ill l i . 1.1 !! I i.. r r. 1 1 ii w 1- .in r . 1 . -i I -jii. I ui ii.-.ii. - " ""J J " ""-'i "- """" uiaeiurer w no ouys your wool, auu so on, nd 1 i'llitui, wilhout anv fear ot successful coiuradiciiuii, ttiat there can be no stabil ity iu tiade oa which the business mau cd with safety tely,so iong as gold is an art;cie of commerce, liable to be horned up by the bulls, or worried down by the liars of trade. If we were content. to trade simply among ourselves this might ie ditlereiit, but we ate esaeutially a comJaictcial people. ''.u peut up L tica contracts our pow ers. The whole world is our mait. in which we sell our surplus, aud buy what e need either as necessaries or luxuries. I li we aspire to deal with other nations we j luust do so upon a specie basis, and if that! uasis is constantly with us fluctuating iu Value we must deal with them at an imttieuse disadvantage to ourselves, if gold tth us is a mere article of traffic or trade. .-I , . , , it one value to day and another to-mor-mo- .n.. I.,- .1 r j tow, the values of all we proouce for trade n,,lv. i ii i- o . IIH.VOI41IIJI dc it&cniae, ti u l i ui 1 1 :i g , sou no ina u no matter how sound hisiudg 0'Ctit may be, cau carry on his business txcept under the greatest disadvantasios" ud unccilaiulies. Although 1 know this is delicate ground on w hich to tread, 1 veutuie to say iu view of these tacts, thai cur true iutetest as a nation and as individuals is to get back to specie payment 11 tbe earliest practicable day. Go this subject I do not want to be mis""derstood nor misrepresented. To leturn tuiecie payment immediately is ueither itaeucuble tior desirable, it would iulve vast pecuniary acntices and general "ntueiul rimi tu rcturu to it at ouce, but 5 position is that no party should be 1'iiced m power that does not unions., to ""Ugurate a policy which will uitimatttly j l" gradually bring us back to thiaaucieut ! - r r - - .. I uiask. ' .And u.ore especially no party should be! 'Veil the control of our natioual aflairs, i toidlv proposes to adont a i.ohcv ! kith win t.-..-- - ,' tl I'trui, ivtuiu tu .-jjchi. vme.it v..o.:. .n, i. ...i..,...! eh, ... - ... iiiiuuu .ue ujiuuj "fuel ot repudiation, i have asked isy . .. Or uq'C'Uior twice in ioint debate whether e ' iu favor of adopting a poiicy that . icmm it et'ccic pay Ul cut, H thr0UU repudiation. I have asked j whether he was opposed to a return i i i imaiely but gradually tosneeie payment, i bus far cau get no answer. propose to prove to you that it is tbe

VOL. 9, NO. 35. intention of the Democratic party if you ' . power, to mate a return to tactic pjiueui uupossiDie, otherwise than by repudiation of our national debt. We owe to-day in round numbers 2 oOO OdO,000, twenty-three hundred millions of dollars. Who is responsible f . r a great put , . i"vui , to inquire. History tells and you know, Ot this indebtedness about fifteen hutidI v uvndii sic in i ne ii'inioi juliubouds, about four hundred millions i e-- aim iiatuumi iu! .v.,vj,.uU lug unnuic iu uiuct iotmsoi ooiigdiion, noig necessary to be described. i ne interest ou tins debt amounts annually to more than S120;000.000. It is loiiy io taiK aoout a resumption ot specie payment by individuals until tbe govern- : uient can do so, and it is folly to talk of a ' resumption by the government until some advantageous disposition is made of this ! national debt. j W heu the government resumes it must ; be prepared, not only to pay the interest ! in gold but the principal as it matures, j and the expeuses of the government, aud, as i will presently show you. the outstaud

ing itgai itcuaer notes, U the holders should ! that, and my friend is a lawyer and he require it. Some disposition of this debt knows it full well. The obliging secretary j must, therefore, be made before there eanisays certainly, takes the 5 note of my be any progress made toward a resumption i friend, and hands him another just like it ;

oi specie payment. ihis debt then stands in return. My friend takes it, and says : will they agree to, and then what follows? j l" think you would take the 100 from jit is not true; that 1 benevc in the d ocas a barrier in the road to the object to be Mr. Secretary, iIum note is payable on de- ; It necessarily follows that this debt is ; your neighbor aud pay me off'. You trine of a tariff for revenue, and that as f.r attained. mand, lays it down on the counter and I to be kept in its present form until ; would theieby save 4 per cent, interest as is consistent wiih the wants of the gov I here are but two ways to get rid of it. demands its pay men t. The Secretary says, these 400 millions of greenbacks ; a Dd get time to make the n.on-; ernment those articles that are daily con -One is to repudiate it, and the other is to ; certainly, again, takes the note and'hands : can be used over again and agninjey to pay the principal to your kind j sumed by the great mass of the people pay it; and when it comes to the question j my frieud back the other. And so they ! until the bonds are wiped out. But i neighbor when it fell due. j and constitute part of the necessaries of which ot these modes shall be adopted, I go on l'rom 'morn till dewy eve,' handing; you will remember that these greenbacks! And just so it is here. As a nation we ' life, should be 'idmitted free from duty. can speak for the Kepubiican party the j back and forth these two notes, and after j are not in the vaults of the government, owe money that we cannot pay without j If high tariffs continue, I hold the Demparty that stood by the government in'the 1 the arduous labors of the day are over. : they do not belong to the covernment. but great burden to ourselves when it falls due. , ocratic party responsible for it. The

dai kest hour of ad versit v iti times nt'ili i

aster as well as victory in gloom as well ted ia the early morning, as sunshine at all times and in all seasous j You cannot but see what supreme nonwhen the natioual life was in peril never j sense it is to talk about paying these promconsent that the uaiiou shall be dishonor- j ises of the government in the same kind of ed by repudiation. i promises. While it is true that these leTbink of this idea of repudiation for gal tenders are declare! to be lawful uioa moment! litre is a nation possessing a ) ney, it is also true that the same law dedomain so vast that the mind can hardly j dares that they are issued on the credit of comp-iehend ir, peopled with perhaps 40,- the United States. These legal tendernoOOO.Ot.'O active, t nergetie inhabitants, with I te- wer.' issued as the ev dences oi the gov-

every diversity of soil and climate with ' .......... (...,.?;,.. ..i .- c i.i istiiui ioi .tceutiui.awon oi weuuii, and every iia?uf!a! resource that an ailwise . i ruvideuce couid ucstow wish the horn of plenty literally upturned and pouring out ; lis treasures iu .ii,, I j.i c.ulcss supply, and then i talk about not p:iyi tig this debt. The man is a tool or a knave who would for a u-o-ment harbor such a thought. No, this debt must be paid to the utler- ; most fa i tl tig. and whatever financi.il r.olicy ujjy oe adoptea it tuut l e upon the j ( inpotuesis tr.at this debt shall Le paid. There is t?ot a man in tins land who has j due legurd for our future as weil as pre- i sent prosperity as a nation, and as iudi- ! .;...!. 1 . 1 1 r . iuua Is, who does not long for a return of the tiav wIumi trail.. .h.,ll r,,i I customed channels, and stand u-.ion ho i t" firm a stiver. id uucha!i!.-eable basis of 'old and t t - ... . .uoge tiooaing in tiis ltusiiviile speech giia : I tie I'O Ui OCI at 1 J party :,. -. .. according to the contract ,u " l" ,y?ir tnty lesierd iy at t li;,d pressed this on hi ' m ti anotiior e-.jii- t lwciiut! Ii a "n- in? int tin ' ir in- I ii'iu l. , ... . . . . ... . J j . . in inc iini vj iii(,ii, i cuininu itui the contract, ami n iviolhir wi-i 1 will take that explainii ion, aud aak you lo bear it in mind, and see whether he lias not jump ed from the frying pan into the tiro. Another is, that they are in favor of abolishing the Natioual Kanks and supplying the place of their circulating notes with legal tenders. V t. . .1-J. .1... .1 - nne mini is, mat mey are in tavor ot an lccicased and maintained volume of currency. For the present I will leave out of view this proposition to put in circulation 1 500,000,000 of legal tenders wih which they p.opcse to pay off the 5 20 bonds, which I shall have occasion to refer to hereatter, and notice now the other two propositions. As I have said, there are now in circulation in round u umbers $100,000, 0U0 of legal tenders and fractional currency. Tl.u V..f;......t . ..: 1 .- .... - imtiA ei.t uiatiijii now is i .... VMm mm o,it .... . about 5 .00 000,000. When you retire ,i,:. o.'i ,-v.- i .. this 000,000.000 ot Natioual Rank circuiation and issue legai teuders tor a IPkc atuouut, you will have $700,000,000 of le gal Under fctlest. 'lhen they say that they waut an increased volume ot currency also: us they propose to wipe out the Natioual Ranks, this must be legal teuder. Judge Gooding says this means 300,000,000 more. li .i, :r ci .tiiuc, iuU,, ,i ju coiiutf.. UtIS governtrn l'..r n .hi. .. t ed"ement of her indebtedue-s to the hold . . .. ... .. . ...

Now, fellow citizens, what do our Detu- I

ocratie friends proi-o-e to do if you -ive oW' remember that he said he meant lo to ti.e.r , quiva.ent, tne gove. ... m pald at ,he es j,lratiou 0f ten, filteen and am not here as a cham

them the leu.s of government to relieve us P;, ,n UIC '"" "J '""" cootcuipiatea oy - "'j,.' , ". 1 0"ra;Se i.er'vear to U yearS- AlieJ" are on,y t0 be Pala al Rank system. It has from our embarrassments? I want to call j ,he ntract. Here is a contract payable 'l ,m in eVlhteen ears?" If we ,hc" !l U is the P!easure of the government demerits, and 1 will speak jour attention to three propositions laid j as 1 llave fcll0w. 10 specie, but the Judge .Vsd0(t'0lH)00 per year, wtth the re- t0 do so. Wheu these bonds have been ar Uum.

ment to tlie tpnoer iiipri-ii-4 ..t ll.).iii.riiiir i

vou will have in circu'ation sXl 000 000 ' vold ' ,avor '' hi-h ,ari,fs Hnd oppress-; at the great questions a uecung materially ,sroa, revenue taxes ana tann nave neen . desire to engage iu it, who has Ihe nee- ; raIhe, m ,lt. ,(1.t tJ ,!0oJ kiu wr thcui 000 leoal tender notes of fh.. . oven." I ve taxation. I assert and intend to prove tlie interests of the whole people in this greatly diminished, and tbe time is not eessary capital, and can luiuis'a abundant : tun be uma. ment. " t hat Hie policy of th.t party, if their plat-1 narrow minded, bigoted and prejiced reUiote w heu, the former will be removed security lor the safety of the till holder, j la7Tm'i Hi. libra,, Now fellow citizen what is a le-al ' rrm s carried into effect, aud Judge i way, would be most likely to wreck the ; altogether, with the exceptions i have 1-ouna this on the securities of the gov- ; e..C(! W!t!i fr ..K.Iea hangia, au tint h note fJmiiiary known 'a-i a ".-rcenbick"'" ! hooding stands on that platform and cn- j fortunes of the nation. j named. " j ernment, and you can have a currency be in a brow a stuiy. It is'a nicre t-viiici.cc of i.l.'.T,.,l...s I r ! dorses it, inevitably leads to a continuance I A party that, notwithstanding the fact i THE TAUIFF. ! good every whtie, as long as the bonds ot j is the government's promise to pay." 'it is 1 W iffs PP-ssive taxation, j that the people during the Ust ten years, Juit at this point I want to say a word the government are good, and lhat wiil c, ' Sj: the note of the Pnvernment in tcknowl- Aud 1 propose to prove to you that a vote l Lave paid not less than 5rl,000,000,000, on ,he tarilt question. We ell agree that paud aud contract iisclt, accoid.ng to the , v, u Rtfit . ,.. ju8t .

. T .... .1 a .

Twice I Put the uuestion to Jud-eT vjooding in icint-debate is not a creenhade an xi.in tu inAu,A.7 f .k- - . i -. . ...i

me goerumeui.r is it not a pari Ol meiOispose oi tuese oonus in mis paiuetiiar :.T.i .i..n.. .. i . i , . . . . I ... .S . i.. e. -- . i t.... ' : .i

uatiuitat ucui. iiuu vesteruav i urove mm .. to admit that it was. I . . i .. 1 ..... i" . I. . . r u.-i anc out. oi jtiut pockets one oi these notes and read it ou wi.l find on it language like this. The United States tcill pay to Rearer 1, or 5, or 100," as the denomination mav be. "Will nav." in what? Here is a distinct promise to jpay - - the government agrees to pay, and I repeat the Question, WUU what kind of

THE UNION, THE CONSTITUTION, AND THE ENFORCEMENT OF THE LAWS."

BROOK VILLE, funds, with what form of money is this payment to be made? Will any Democrat answer? Is it to be paid in ereenbacks? Is that the understanding? Would it be paymeut when the bearer pre-ents the lu te be holds at the Treasury (or a fulfillment r-f tl is proa ise, fur the Treasurer iu take n ana give riim anoruer precisely like it return? If you owe your note, do you pay him when you take it up and f:ive ii i oi anotiier creciseiy lite in its place? If this is payment we are all prepareu, on ine soorrest possiuie DOtice, to , aisciiarge ail our pecuniary ooiigaiious. i It tins is payment 1 can imagine a very i interesting performance that might occur at the Treasury Department on some bi ight i sunshiny morning. I stalwart competitor -coin I can conceive my ; oing to Washington, j ion, of course, for it ! (on a pleasure excursion is not to be sunnosed that he will soon s?o : there officially,) and opening his pocketbook, he finds one of these government promises to pay. He at once betakes him- 1 self to the office of the Treasurer, and planks down his 5 note and demands payment. All of these notes are payable on demand. Every lawyer will tell you ; l.,rlv -.wiVc nro nmr.;i0lv U ilii Ltir. crumcnt indebtedness, in times of great emergency, and as a temporary cxpe ud as a temporary expedient to relieve a hard pressed nation struggling f..r it lif tW Pr intn.ll tn hP as soon as the affairs of the nation would , , i , .,. a low but whan they are paid, it re ust of necessity be in that which all over Christet:dom is known as money, gold and silver, the standard the measure of value everywhere within the limits of civi'.izat ' O tl . Rnf c, .in.y th..u arA mit;h..i. n: they represen t jru tauto the liabi r l:UtCS O the nation. Twice I have asked Judge Goodiog w',e,'icr he ever expects to pay these evtfences of indebtedness, and if so what cl lit anil lew ilti riin ;nnnnii h( aor- ' j suppose ne answ red. l estetday at Carthage he said Jie proposed just to let them circulate, 1. e. tie dou t at all

propose to pay tins part ot the debt I ,ace. This d-ht will mmn bititi to fall due, : 000,000 per year in the way of interest, j wjj,e al national banks out of existence, ; otner persons holding that kind ot properbut to let it wear out iu the hands j ilji therefore, if nothing i to be d ne but to ai:d ict it be particularly borne in mind i au,i substitute in place of their pa"u r the '; 'i anJ would stand nton precisely the

01 ui c people, mat me people sua.i use 11. ! . I . . ! . . I. . . 1. ... . I . I . says let it circulate. Now when the Democratic party has succeeded in putting in circiulation S 1,000, -000,000 of.-these notes, you will see at once that it has placed it entirely out of th'-. power of the government Jo resume .specie payment. While such a volume i would be in existence, the ."uiti in i.i1cui.c1 mi- j., ...ucuv tlm .vntT.irn nt on t ,,1.1 i, ,i.,.ri.. . h,.,,0 ,Wr n..u,u Uv ..i,ni,..i.-o .v ..u.-v .i...i. is .ot in the civilized world gold and siltor the purpose. J?ucti a : place it cut of.tho power f; ut to save its plighted (aith, untai nished its honor. It i V V ' 1.1 1 C V. 1 VUIU he govern me I i . ilUVI II I.,'. I t n r j woiihl i.rnto would proloiig intermidably the period ! when we could deal on an equality with

other nations. No living mau could look , nun upon tl, is very question m the most t.mgi- j jerivej flom distilled spirits, tobacco a !)d ' ot bui ness. And no man wi.l question quence t l it-suing such au amount ol 1forward with any hope that ia his lifetime ' bl loun and from which they cannot escape, j jermeuIej lj,-UOr3 ' ! that it is to the interests of the people JAl tender paper it ca u hardly be necessa we would have stability iu trade. j When the liepuhiican party in Congress, jusi j ' 1 i iiat r.aner currency should Le of eoual ry lor me to attempt to show. I need not m . J r ., ! at the close of the last session, ir. anticipation I rom thc?e sources we are oenving now FPer -rrtncy bttou.a ne o. , ' . :f There would be no escape from these ; ,ir.to , ,... , ; , f .i,,,.,, ,.h ; 5- ,,,, ,,, ,i.., ....,,. .Jvalue iu every part ol the nation, uud ; to trove to you that tlua paper, it

- inrinn ipni'i pti'p u in rpn iii -inn r inf. t .. ... , wiioic iuuuiiig me ueoi in toe oonus or me tne govei nmeur.. nu an tceir opposuiou .i . .i-r.. 1 1 . i r . to ltnci 01 co tire ine democratic pariy .1 1 . . . . M-nnlil nppf p i'incfint tt fili.il i n 1 1 il is c 1. it. to bonds, and I appeal to you therefore to say whether this can mean any thingelse than repudiation. 1 ask you as men having in view the welfare of this nation, as well as your own, do you desire that the government shall be thus trammelled and and its honor jeopardized? Til): DEMOCRATIC P.VtiTY IN FAVOR OF I11C.U TAXES AND TARIFFS. Rut I wish to show you in this connec ! tion the consequences of the first proposijtiou in their plattjrm before alluded t. I ttiat is, in e pioposiuon to pay ine o o I bonds in greenb icks. ! I have before me paragraph fr.m a ,' democratic organ in this district in which 'the following language is used: Rvery ,' vote given fjr Judge Wilson is a vote for j high tariffs and oppressive taxation." 1 propose to prove to you that there is not a '. word of truth in tha t and moreover to ' ' 1 nrovp t hat evrv vote MVcn for . ud"0 I J U oodl ng ana t ne aemoei :u to nai iy is u . . . - . ,ven lor the republican party is a vote iriven to reiiuce ooiu tariaana taxation. Remember, now. that they say they are wi'lin.' to pay these 5 20 bouds'in green- ; hv. ,m in nm tnir wav. Thev will 1 j ' .-.i i i. .-. .i :. i moue. out. no otner. . t ? i imtv auu, mcic . . are about 1,500 millions of these bonds ...... .3: .. 1 . . I ttm;i! ou'siauuiug, m.u uui t tieucj mv,millions of legal tenders a. d fractional ! currency. ill the legislation of ' Congress together authorizing the issue of i leiral tender notes, and it has not authorii zed the issue of to exceed 450 millions. . 50 millions of these have already beea retired. I need not argue to you that uo

IND., FRIDAY, SEPTEMBER 16, 1870.

more than that amount can be issued until authorized by special act ot Congress, Not anothfr dollar can be -issued until further authority is given by Congression - af legislation. Everybody knows this, and nobody will deny it. , i Not many months ago the Supreme iouri-oi ine unuea oiates tiaciaea mar, these legal tender notes were not a legal tender for debts existing before they were j crearea; in otner woras, tnat legal tenaers ; authorized and issued today, could not : ue usea in payment oi aeots crearea last j weeK. 1 nat uourt aeetaea tnat it was not in the power of Congress to compel a credltor to take for an existing debt paper subsequently issued, and that to-day is the law of the land. Judge Gooding disputed this yesterday. I intend to give him an opportunity to discuss that question at an earl v da v. It is not therefore i n the power of Congress to cause more lesal tenders to be issued, and applied to the payment of the 520 bonds. The 5 20 bonds are already in existence, and future issues of legal lender notes, under future authority granted, could not be applied to their payment. . Now remember that they will pay these 1,500 millions of 5-20's in greenbacks and in no other way. No other adjustment i r tU r..n.in r.om.U H.mr tlion ' V . ' V. J'IW'tllJf Ul 1 LI V j. 1 V UM. . AAV. 1 ' ' ' is the eovernment to "et them out of the pockets of the people to be used in paying tbe debt? There is but one moe by which it can be done, and that is by taxatios. Iu other words this Democratic party said to you by their platform thai if jou will place them in power they will make no effort whatever to dispose ot this debt in any othpr way than by blindly continuing to levy taxes upon you, and grinding these legal tenders out vour pockets again and again, regardless of every other consideraiion and every othpr taole of adjust nig this iiebt that miiiht b ctTered. lhat con vies Pei roocracy ot Uvormg luxation, ftow tins A.U0,000,000 of dfbt will fall due within the next ' fiiiwa V' i-i s. io o:oer waius it wu.t an me , ,axes w!ii(.h have heretofore b-en levied, and f:cli!ern vrcrs. In other wotds it took ull i lie . u,.t ,t ftinn nnu nni r.r t.r ! ..f our d-ht. - GnUss ime mht-r anatigement ; is mad, this d-Ut must be paid nl.eti it malureR- The government most not only rnett tineiea. OKI lliust tt ineii.a.c 1.1c .ua.u.j oi me principal. uai wouoi ou ui ; mftn w,0 owej R J e t lo v(,u .jat would f a fall , (iuft ; ,5,. (iavSi wi,0 would make v.o provis- ! ;on m advance of its maturity for its pat ment? j You would not have a very high appreciation ; of bis integrity. You would ihink that if ha iiiifiiueu iu nil ue wuuiu mane suuic 17 ;am . 1 a . a i 'lo,i 'l1 payoerore ine aay 01 mammy, jxvu J'Jsi . . 1 1 .1 . . . a . j : .. .. I s w it ti in- government; 11 11 is ine iniennoii to ! pay, provision 10 tnat end must oe ma ie in au- . . . f. ' ; adopt tin; u.'in .crane pa:ic 10 pay in cent iale of taxation and tariff duties, I would like for some Democrat to tijure out - how we can, under Democratic policy, get rid ot this svstem nf taxation, and this h:gn tariff, and pay ou.UOo.UUU m t.snteen jears. M uhu i '.'f .l ,.. , .', , ., ii. - :. ... curl 7 1 iVIl VMI Krtinil U IM Mil IHAflUUII 111 sariiy involves keeping tariff and taxation at a h'ifh rate. Who then is in tavor ol Inyh tariff j I . - n a t I 1 i n.IirpSSjVe luxation I i Hiisser, ine oeuio- ' r ... o...... :. .i. nn. i.,.;fi f rKnc pHnv, ouc.il is ' i'"--.uaj.ii 'i;'v", lao.e log i e oi their platform, and theretne,! say w..oevet I casta a , 1W .ue oHi.ocr.uc pur Judge Good.ug, who tianus on th,U p.at.orm, and on reve njut we are notco,,iip( 0 mere logical conrhisiiii to tlen li.is clotriip nnon the DetlloCraev. We have their actual conduct, their ac - 11 ltDUII. VI tub .Mimtll Ulll.ui "ii-.." . " u. . . i. : .. . . ..j ... ...i.,A.i..' i j i .1 t,i ....Pi. h in u m 11:111. hi i.riii.ufil in n-ilucf llie j to spenis in w iiioaieut, prooaeu iu iruuic uiu ! " ' ... . . . ' .- r - .....i..,., ; tax s yol'.t'UU.OOU yer year, and me tana ,. j ... ... . . .i... ......i , uoo.ooo, ai:u tnrreoy save i tu 1 l un 11 j ...i.i. a ..n...n... .a., .....i. -..-I. i Atr ;c-.vw,v;vn,,u,u ..c.. i U lilal n 01 iiieun iiere tueir uesire tu reuuec i laxaiion ana tann was put 10 a practical tesi, and was it i rovm I liioio t si ibly iliat their roar-in-i aViout taxes and tan 11" is the baldest hypoc - nsy, f.ir but two of them could be lound who wtie willing to vo e lo relieve the pe.iple. While the Republican party did relieve you of taxcg and tsrifi duties to the extent of i S2,Ct)0,"c per year, th...e hypocntical pre-eadcro I vjteilastijsi u bat tun. iueytuase lirojd their ph.i .cttnea. ibey urnuth aud ronr.aiid tcil ustiia: thet.xa are one.oM. that they ate W;l'r that they are great l.urueu upon llie people, but do they propose to do ajiytaing lo relieve tlie j p iroin then.? Ui the contiarv, tbe on is j in contiuuing the.c burJens, necessarily results ln"Ut uiumiuiun, - thus to deal with the financial affairs of a c 1 I . . J

until the deiu ifbali be tully puiu, it mey wuaid ini t it all.

i.. !-.. ........ .... ..i-iririTx:.javr.ii.iTi. . ... ... .... .. . ..... i.... .1 ... :. ; . . ....... . t - .

, .. .i.... . .. ,. ,. i - ... : nd u: iini.1 ...i. auu --'c

t ii juui I'puiuii un. I. i.i .M-v .v , in iu j:t igu:e:n, inijuni; u;is "i ;id I nal l ii'.s 11 m u necessar i y ci ea tes a mo- a v ;j ( j b-'ikspa as faxes This a financial poiicy which nccecssariiy in - ; now ft op .sed, lies at the bottom of our ,10poly in banking. Ranking pi ivilees j . y (m 0U(, w Ju,j ,afe to ,e "collected volves keeping up this internal revenue , truo Quauci-il policy. That is the beginning; i ttre limited to ti favorite lew. Now what " . . 1 .;.,.. ,..-, 1 .. ...;,., svstem in all lis details Does lhat com- w!en that is once accomplished, tlie bal i the remed y for all this? Is it lobe found ' ... r ' 1 , . , . , o 1 1 . , , ,- - P J i tuts party of lurtt.cr LuttMn.ng me peo tueod itselt to your better judgment i ance ls ca,v enough. 1 he abolition of ; iD abolishing banking altogether ? Ry no , i(J all tasatiou venture to say that a' party that proposes ' jlis internal revenue system, with all cf i tneatis; that oniy agiiiavates the difficulty: . r ' ' ' .

r"-"1 """"t .... hui -j.v.j ""iii.iiiL. incauy m ou..uiti..uu v. i....- .

- . Mrts tll.lt will milv loot " t t - j . . - . ,, . . and sulterca a loss iu was.e auu ueniruci - - . . . . . . .. .... .... .i.ni. i ion oi property, etc., etc., ut ui'i tcs i.u.i ! 64,000,000,000 more, will insist that the people who have borne these burdens shall Mill continue to bear them, that there shrill ph n t io n s to he no abatement of them.

. .,'" ' ; , . i . does not deserve the sympathies nor aid 1 n ,,rn!e.tive tar fl. a theory which 1 insist

.!.... . j of the voters of this nation. - P.i;ar iVahi tlmca V. ur.ln n i vhatthe i jvc.. . - i people waut, and what they must have; but it is not to be had by high soundii : words and empty declamation to be had in action, and I t It is only think I have I demonstrated to you that the financial j action proposed by the Democratic party, as shown by their platform and votes, in-

stead of affording the needed relief, only tends to bind the6e burdens the more in movably upon the people. Two and a half! millions of money per annum have been taken from the pockets of the people of Indiana to nieet the wants of the Government, and for one, if there is any mode oy which iu.s ueut can ue inanageu ana save tbe people of this State from this ecormous drain upon the products of their laoor, i aemana inai it suait ue resonea to iu the name of justice I demand it, hhu n ever i uou:u uave a voice aou a ! vote in loe iationui iiegisiaiure, i suan i insist upon it, if not already accom-j ; pl'.shed. Now, the question is, is there any way of managing this debt, and relieving the i people from these burdens at the same time? ; I affirm that there is, and that the true theory of the manairement of our national : indebtedness dees not differ, save in mag - nitude, from that of the indebtedness of any private individual who has not the ability to pay. If you owe me S100 due next week, for which y.ju are paying me 10 per cnt. in- ' terest, and have not the means of paying j without great sacrifices when it becomes ; due, and your neighbor will lend you SI 00 j at G per cent, payable in three years, what i would you do as a prudent business man? Ti) motidfi fur its natmpnt at niatnritv I I J - involves the imposition of heavy and bur- , deusome taxes, to which the people, alter i an tne waste oi the war, should not he i subjected i FUNDING BILL TIIj ,!d,t ,l,i ... r.,AA ; i., ... : f : suj. " 'owe!t I -lb'e rjte '"terest, in such a way as io postpone tne pavmeui oi me; r.rinr-ir,;1l s lono- asi ro'aonahlp. and: this is a part of the financial scheme of the Rcjjubiicau rartv. 1 - . Congress has nasspil a funding bill, hi which authority is given the Secretary of the Treasury to issue $200,000 000 of bonds, bearing 5 per cent, interest, payi. i .- - t - 1 t j - : ble at the pleasure of the government after I th T?.irrinn f tn .m Cnnti mm nnu i bearitM 44 i er cent i.avable ;tt the. tdVasj ure 0(- the'govet umeut alter the espiration 15 years, aud $1,000,000,000. bearing 4' , . - . .

per cent, interest, payable at the pleasure j l,e vl ",e :!nie va'ne. '"ere w,l he no of the government after the expiration ofj occasion for the government to withdraw 30 years. : a single greenback from circulation until The money derived from thesale of these!'1 can l;edoue wilh etire safety to the

bonds is to be applied, every dollar of it,! m cxunguismg these bouus, the pubiie debt is lo be in no wise and increased. W hen this is done it saves us just Si",- - .l-.l . 1 -. 1 mat tuese Donas are not necessarily to be negotiated, the necessity lor taxing you in anticipation of their maturity has ceased It will be no longer necessary, as under! the present condition of the public debt, : : ,p tas beavilv in Older to meet the a- - w-..., ... . ... ...... ' principal which wiil soon be fulling due ' .1 . uuit.co 1 1 1 1 .7 i 1 1 i . ' i. is u.'auc. l . w lien tins debt is ll-.i lundeu, yo-. can readilv see that thp necessitv for un ... :, ... . .. J canreauiivsceiiiaitne necesst t v lor uniu ai,lin;; enormous tax'ition will disap ., j tjicse burdens would be ret ' , v that wJtC . ; bteu accomplished, the necessity w pear, aud these burdens would be removed; ion this shall have ill no Innopr pisr tor liif ril Inct imi of ftiin'lp

!, hir r( i ntprn.ul rHt-Ainip ? nr. ttiiitilhe frueet sfu 1 a lid Convenient ITOSCCUticU

' . . ... , . ,;.,...tnc 1I...1 ,m ,;l ,,..t v:usi linn niiii ., I. I tl.V.-Uir UlLU d II U 11 Oil, .. .11.. Ll..-l.r.J. I ..jo K" viuu.vuv,. uu . DjSies niat we Will iiet 5HAI.UU,HUU UQ I - ., -.. . .-...., ...... ...... ; jer pxiytino- l.i.vs We are derivin" over 1S0 000 tKH) fro-n customs and ! $1S0. 000,000 ,i,, s-ii. onn nan ..... ...h .r,. . .... . . v heu we have succeeded in landing this t.c u 1 . e 1 j 11 n. c d ui ii iu. u ii 1 111.1 n 1. a i peoded in the collection of internal reveI!Ue j,, addition to 627,000,000 in the way 0f i,erest, and I affirm, in the light of the statistics, that th.e incomes from importa - . . , ,- ... , , n J th !aX ou distdled spn its tet - : men ted liquors b ml tobaccci wi 1 1 beabun- ; danr, not only to pay the expenses of the aoicrument and the "interest on the fun - ; , , , . . , i : ueci ueui, out aisotueieai.ua miimh,: iuihi amply stifticisut to discharge the princi pa! within a reasonable time. And these are the sources from which the paymeut should be made. In my judgment, funding this debt as ! its expenses and annovauces, will speedily ; . , , .i , - . - .... ! Unon,. .if thin fnn;lir. sI(.,n I'lP in. v .p. v. .. . - j - . ...... 1 ! ; ,t i3 necessary ana proper mat uuues snan i i i . ... . . . ,. .. ....... . r be imposed for purposes of revenue, bat for one. I insist that the government lias ; n0 rjght to levy a tax in ,auy form upon no right to levy a tax iri auy form upon i one citizen to enable another to carry on ! ,U hnsiness: and this is whole theoiy of, a protective tarifl, a theory which 1 insist is in antagouistu to the whole genius and spirit of lite foverutneut. It involves the i r t . r- , idea, necessarily, ol taking money out of

Jingjlue pocsei Ol oue uiau, auu ji..ui ..

. . . . I. . 1. t. f 1. A 1 anot.ier, to tuaive tue uusiucsa ui tue miter more profitable. It involves taxing a whole consuming or,l if. f.ior thfl intprpsls of a few. That every plowshare that turns the soil

i Aoree-qaartera c-r a eotama 5t l Oue-haJf of m eo!sss .. li i One-quarter of a celiEB ......... ! One-eighth nf s column IX i I Transient drrrtiiaieBtj ald ia ail b rrnrrrnrnr: paid for in adtasce. r1rTinT T r 11 I TnIeeaaparticu!iwtinaia8ptI3cdheiiaftatiL XXvJXjtli vl. iiO. 1 ed in, adTertifrmenta will be published antit er1 dered oat and charged aoordinjity .

of this bio id Wt shell te taxed tor the ! der cotes, "millions" will be saved "annclbenefit of a l' W manufacturers of iron, is 1 ijv to fKe neonle "

an absurdity. That the millions shall be1

taxed to make millionaires of a few, is an i the banks and issuim leal tender in I enormity which has only been" thus farjj,iaceof their paper, y ou could take up j submitted to by the people upon the plaus- w;r the paner ih,n issue 1 the bond no

j lble pretext of necessity. It is the purpose j I 1 . I 11 1 ' . . . I. . . . oi ine neuuuucau party 10 remove mac i pretext, and to so adjust the tariff that ; j it shall produce the necessary revenue j j witnouc Deing a ourtnen to me peopie. , j 1 know that there is a great diversity of oi views iu regaru 10 iuis matter among ; i ikcpuoncans, ana aiso among iemocrais. We are apt, no matter what party we oelong to, to argue according to what we j regard as our individual interests. No ! mau ought to look at this question in this J , narrow and selfish light. Ue ehould con- j ! sider what is for the bist interests of the ; ! whole Ameiican people. I hat which ! may have beeu deemed proper once is not necessary now. We have grown to be a great nation. We have great national and i individual wealth and resources, and my ; doctrine is, let every man take care of his j his own busiuess. It is no part of the busi j cess of the government to furnish profi's ; j j to one oy taxing u e others. j j And inasmuch as Deu.ocratic papers are 1 ! publishing me as being in favor of high ! j tariffs, I ta king occasion t hus to say that W est has nut. her tironortionate rer.resen- -- L - I ) tatiou iu Congress. The Republicans proj posed to re apportion and give the Vesf ' aoout titirty auuitionai mtu.mrs. vi un this additional representation, which is o .r due, we could have controlled this tar-: ' iff ouestion ' Rut the Democrats united with the East j a high tariff than take the chances cf !-:ug about thirty moie republicans in i Congress. f l.l'.lti.l. runu mis utoi oa u.e iciin pi opest u ; D" tlie Republican party, and jou win - thereby strip the people of these burden; ! Jou wl uave ,l,e las,s- ol a "uanctal policy i -, . . . . , . ; ,bat Wl11 l.nQuce confidence, and specie '! pay ment will come by toe operation ot toe I laws of trade, and the growth of the couni tr) a"d not by contracting and grinding I ,..l..i... II.. ,t I ......... n- , I I I.. legislation. Uold and paper will come to business wants of the country. NATIONAL. HANKS. Refore passing from this financial question, I want to notice the Democratic war , nnon national banks. Thev propose to 1 f J r I ' 1 ; k'.al tender notes of the government. I pion of the Nationits merits and brietly of both I wish to read to you, as the basis cf what 1 have to say in this connection, the Democratic platform on this subject. I as i'0li0ws: is Pi... V...: 1 T?..... -.-t.,.,. : 1 , Jilt' llilLEUiiiil IMim rHlll, iu"ii'ii.i:u ; ;n the interest of the bondholders.' ou-ht - - - - , . to be abolished, and greenbacks issued in lieu of such bank paper, thus saving mili ,.- . . .i i ions a n n uan v io tue ocopic, mu ton's to the whole people, l nstead ol the lew, the benefit of i-suing a paper currency. i liieie is no business man, l euie not ; what his business may be, who does uot desire a sale pajt r currency, it is conceded C VOT V '.T ho:G that It IS essential tO , i a t i ii rou I v. 1 no ulia ! 1 I P 1 o-t W hat UI.OI1 tUat Us real v aiue sna.l ni j t.w i w nat u i-uu - - - . . its face it purports to be 'II . , . '. I ... I . I .. in l.nnn io pv J I1U7C .iai.U..Ul I'Ulltli ..i.... v .. ... - - - . , .. ; - , istenco now for six years, an4 ilcir cncu- , , J ' . , lating uotes have been ot th: same value , ... .. iii every nan oi mo cuuu y, auu u i v posess this additional merit, no iuhii lias i been, thus far, that 1 ever heard of, the i loser by being a biil holder. j There ate however, in niyjudgii.cnt.se : . , .. - , ; r.ous delects iu cur curreu.-y system. ()ue is, the amount of currency is tin: I lid (-by j-j-. The currency ougtjt to be elastic, lj. c. it should at all times le ada pta ble ; , ... . i , , ie wants Ol icgllima.e iraue. il iiaue dim i tiiistiiis. curiencv nio.uol be free to contract itself; if trade increases, currency should be lree to expand ivsclf to meet the increased necessity lor it. A not her defect but it is to be found in destroying the monopoly by making this or a frituilar gjs- !..... .. KnL-;n. fr t. l,.n..ti?r m.i. - "J " "p, - - needs nf trade. This is our Republican doctrine as ex- . pressed iu the iollo.ving porli.iu of our I platform: I piattorm : I -mv e are in lavor ot a currency ioumu i of i on the national credit as abun iant as the j trade and commerce of the country do- . j i t- ,n . . s trade and commerce ot the country do- ; mand, and we unapprove ot ail laws in i reference thereto w hich establishes mo1 i;. ,),. ; " nopoly or inequality theieiu i -' 0 - -r- t - e true i , t-i i... t r nl' i rr.. . u : k 11 1 A it .1 r . 1 I V h .- V f n - li i ...w.j j -. .. ehoreu. Rut the Democrats say by adopting their policy of wiping out naii .nal bmks and substituting for their paper legil ten-

j TRAIYSIEKT. ' One ? n xrr , (10 lines,) ost ii?srH..... One jqtiSre, two .n.-ertioas. . I 5 One soaare, tare? insertion.... -.... i s All lubsfsaae-Jt in aertiocs, pe qnr .......... kfJ j One eo'.osiB, caaeable ijrte4riy .'..... $fS

Thev moan h? that Ku .KnKstnn owned by the bank." and thereby save the interest that the ' overt went now Pays on those bonds. Now. I promise to prove to you that would not and could not be tLe icsuli; hut mi tlie contrary, the a njeut or if you please the people srovern ouhl iote millions in the tpera'sou Let us look a little into the figures on this subject. On the SOth day of September, 18C9, the hanks had on deposit with the Uoveminent , as the basis on which Ihey get their circul iting notes, and carry on their business, 8342 475,0110 in Government Honds. Their outstanding circulation on that day was a little less than J-'iOO.OOO,-000. On the bonds thus deposited by the banks the Government pays the banks the iutetest as it acciues, wLicb amounts to jUst alu stu't ose in 2u.000 t.'iiO per jear. Now prose you atioiish Itie bunks ana issue tenders in the pl-ce of their paper Do you, by that tucaiis. get rid of the .Rj .!;e't vi ,,ja jnuitsi? Not a dollar of i.;"0r the sin ple rcuscu that the bond belong to the banks acd not to tbe GeVerr.n.er.t ; they cpr.stitu'e a part of tbe n tionat debr, ihey were Jcpoitei by the hanker with the Govei L-ment as security for thrir b:l!-ho!ders, and I presume when the Goven. n.ent aboiisht-s their banking piivi.'fges it will uturu liiem tlutr bond, and when the bank get the bonds cut of the vsuits of the (toveuiireiit aud in-to their own povke's, I snpposa the interest on i lit' tij would not cease. The interest to le paid by the Government would be jIlst ,he ,Ja,Be) ,,0 matter r m whose custody ,ue bonds might happen ppen to ne. Co you t.an ee ,i1:lt ffe hould not save a dol)ur 0f ,j,e i,1I(.,c.st by simply abolishing the banks Oh, but Democrats tell us that they will is.-ue legal tenders in place of the circulating notes of the batiks, end with the.-e h gal tenders pay off these bonds antj .hUd saVfc .jj interest Rut I nave i a?rcadv shewn you that this cannot be 3'. . . . ... Uvne. 1 nose bonds already exist, and tins future isue of legal tenders, under the , dsion ot the Supreme Court before aU Iudcd to, cannot be used to pay such in- ! ' ... 1 ' . ( x-btcdne. 1 bus you will see that in no : event could the tbolitton ol the banks i tq eiate to suvo the Gov?ram?at a singU dollar in the way of i.itcrcst. j Rut suppose you could issue legal (en j dcrs aud use them to pay these bonds. If lyou commence doing so, where will 'jott stop? Would jou select out particular 1 bonds because tl.ey ore held by particular ! individuals, and pay them in this way and nunc others ? When vou have abolshed the -banks, (he individuals who .eon. pose t. 'j'st the satt te banking association have ne right to their bonds as any ! .- II. -.11. .1. ... t-atne looting and be entitled to the same treatment by the Government, and I can baldly believe lhat a man can be found so lust to every sentiment of honesty that l.e would claim that the Government should select but one man and py hia bonds ii, 'o stop iutetest, without treating othcis in the same way. 1 have twice asked Judge Gooding the question, if you w 1 1 it lit iss'.n to ii-jv J-.IIH IMItl t Mill nt linnris. ... . ' not issue tu piy all if the Govern"'ent would ls-ue to piy ,Y00,000,000 - ... . ! 'd save 20 000 000 interest, why uot i.. t.. t!, ril n..-.....nt .wl oil h - - - - - I'netes t uui up to mis iiluu ue ui Hjt answered. What then does this proposition amount to? Simply this: to issue legal tender to the full amount of the 5-20 bonded debt o.1' ihe tiv.vei nmenf, which would amount to $1,500 000,000. The conseIssUCU, W OU U St'e O I V U II U IIS Way III tU IUV i j j ' - 1 I. . J-l IT 1 Z . ... . . . .. . . . f riCfll Hot StOT. It I I - I - 1 ariiue that it would speedily largely de- - , ... - i i predate in value. When it lias uepre ' r . , . ciated fifty or seventy five cents ou tbe J - , dollar, tr become utteily worthless, who . , ., Millers the loss ! You know that it must be tlie people. Rut 1 said that tbe-G vcrrment would iosc liioncy by abolishing these bank and I proceed lo show you how. I have shown that no interest is saved. How would the government lose? Just iu this way: These banks now pay to the government anuually over j5l0,000,000 initie way of tax.s. if you abolish the banks, el couisu the tux 11 thitu would cease. So by adep.ing itemocratie financial policy, uu save not a dollar in the in teryst. $10,000,000 Our Saxtn granti.nn.-h- r eallel what are now ! known as garters, sham; .m.i. Exrer.ite r!::te ta.-li--..n plates. Titer are spar, iu.t:a," was il le. ly. 1 i.e iai.dluy : lo ed su.-.-i. i..u.-.'y at Jti.mt, tut tue ii.t.wc.iji ...! : .. - i- . . , . ' 1 wtat ou lit. luiu 1 11,; 'lv4iy Iljihug. . vben ?5 a buttetUy like a ki? When it alihu . OB tuiqs i, i . . i. ;,, v.,.n ih Vm-rntrl t A lady tmt a tiec-b import n"OJ1 ,rie ' . Isle lo Clilii L.er an otioiuuu. Tue UiieolutlttM not uiotiiti tu chjw itoi iguotaiioe lu h.r new j utiStrcBs, tc.i it-i.i j tLo Lvw.-t- iu v i.iii, till Si'jin( a nujja ufurcid i u (no i ii l. k t dow u anti T.iiljlllt lullLiiilU IU I'lV pCKl, bill. In 1 (tut, : h.c: wi;h a re.iit.itd 1 -r ajr iwi.niuj, w hereti.fii liidtlj de,a! iji, lAiuttering toae.seilr "if 1 i-.is io uul liio uin:sm.v. iue Uc.aod Virgia haip ! ut,." -- ast

1 i

I: I:,. f 1 ; i ' t i . l: !SI f! I i V 1