Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-11-19


desired mercy at their hands; and scorn the
wrath, and defy the oppression Of power"
OUR LoCoFoCos, ONCE AGAIN.
The reader will recolIec, that the wise ones OF
the loco party, held meeting in this city some
weeks since, and passed resolutions expressive OF
the "sease'' Of the meeting, and as the tene's OF
the grea, loco party. One Of those resolutions
has been anmadverted TO in columns, more
particularly thao tho others for its impotence,
and the braggadocia spiri, with which It is sent
forth. We, however, take the liberty OF again
placing 1t III our columns, although We nave al
ready proved It's utter falsehood by proof as ~
conference.-the as Holy Writ. Here is the frs.
part Of tho resolution:
.Resolred, Tha, it is not true rs stated by
Henry Clay, in his speech, that the Democrats
Oocos) opposed to any and every description
of paper money; and that we defy Henry Clay 10
produce the opinion of single Democrat Qoco
again) in the United States, TO sustain his asscr-
ton"
Although we have given such proof of the
truth Of MIR. CLAWS assertion, would win N
lEfidel to full belief in Christianity, yet the
abundance of such evidence is great, and meets
eve so frequently, that we are constrained to
give another extract from 4 speech made by that
prince of hard money humbuegers, Tom Benton
The speech was made in 1884. We copy-,he
Ianguage-as reported in the Globe:
by IL eaSsFs ' s g. said, was The imputed cs
Enlistment of a sound currency. BY sound cur
rency, was meant the paper currency of the Bank
itself; the five, ten, and twenty dollar notes or
drafts which now circulate through the country.
Mr.. B. depiored, he spoke in terms of commlssera~
ton of the intellect tina, could speak Of any paper
currency, as being n sound one lie considered
the intellect to be forty years in arrear of the ~
tolgence Of the age which could apply such a
term TO such an uncertain and variable medium.
The term sound currency belonged to hard money
alone. IL that alone that was sound, that was
subject to no diseases Of which it would sicken
and die All bank paper was subject TO death, 10
instant death, and tina, in thousand ways; from
the frauds Of these who issued it, in putting out
moro than they could redeem, to the uufoundcd
panic produced by accident or design, which could
instantly blow sky high, no, only fra'l banks, bu:
those which rested upon all the foundations OF &C
knowledged ultimate security. There was no
such thing as soundness in currency which de-
ponds upon breath for its daily existence. Such
was paper currency" SIT is, in
deed, base and degenerate idea, unworthy CT
statesmen, unworthy Of those who, either from
reading or memory, have any knowledge OF the
long silken purses, glltter.ng through all their III
,ers,ices with new coined gold, or the little buck
skin bags, stuffed 10 bursting with whole dollars,
quarters, and pstareeus, and drawn tight at the
mou h with trus,y string, which our fathers used
to wear" "Mr 3. repeated, tina,
the idea Of soundness could not attach to paper
money of any kind whatever; that it was only
applicable to hard money; and of that the Bank
of the United States had deprived he South and
West Of % millions Of gold and silver, of which
she had sold and exported 10 or IL millions, and
still had o millions in her vaults, of which she
would no, lend dollar to suffering community -
vii. we still be told tina, there is not q single
loco in the Union who has advocated metallic
currency. Instead of one there has been thou.
sands and tens of thousands. Ithas been the bur
then of every song sung by every loco demagogue
in the land, when there was opportunity TO
gull the people.
We have heard i, in our own streets for years,
and the venal press has been ,eerning with it from
week TO week, and from year TO year; yet they.
We mean the leaders, swear that not single man
Of Them ever advocated the doctrine.
We told by some Of them, thar whilst they
advocated an exclusive metallic currency, they
also were in favor of Bank bills of the denomina.
ton OF $40, and upwards. We are aware that
Mr.. Benton has, q, times, expressed himself dis
posed to counienance the issue OF bills OF the de-
nomination of $40, but whenever We have seen
this admission, i, has been accompanied with a