Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1856-09-25

until be, Mr.. Davis, could have an
opportunity to reply. That oppOr-
tunity was afforded Mr.. Davis on the
9th of March, 1910. The reply of
MIR. Davis was most signal failure,
and amounted to an abandonment of
the allegation contained in the speech
to which tho News refers, and upon
the credit Of which that journal re-
peats the low wages falsehood. But
Mr.. Buchanan was unwilling to let
the matter pass there. Mr.. Davis
had done gross wrong, not only TO
MIR. Buchanan, but had, by the as
sertion of an unlruth, degraded HIM
self in the eyes of every honorable
Senator, and it was therefore that Mr..
Buchanan, in reply to the second
speech Of Mr. Davis, said:
my charge against him. (Mr.
Davis) was, that he had over aud
over again asserted, nay, that be had
made it the foundation upon which
great part Of his speech rested,
that had advocated the lndepen-
dent Treasury Bill, because it would
destroy the banks of the country,
introduce an exclusive metallic cur
rency, PROSTATE credit, check impor.
tationS and reduce the value of our
property and the wages of labor
This Was the character which the
Senator said had been given to the
measure by my self, and alarming as
these doctrines were, he was rejoiced
that they had been frankly avowed
Has he established the truth of any
one Of these assertions? No, sir; no
He has scarcely even made the at
tempt; but has endeavored through
out to evade this direct issue. HI
knew perfectly well that it was i'm
possible for him to maintain the al
legations which he had made shall
not euter into womans war 0
words with him. 1t is enough fol
me to have fixed upon him tht
charge of having throughout BIZ
whole published speech, misrep-e
sented my arguments. This chary
nil stick to him as closely as the pois
ned shirt of Nessus. He will new
er be able to relieve himself from it.
As SO much has been said in rela
tion to Mr.. Buchanan's advocacy o
low wages, We will quote bis remark
on the occasion referred to. The
speak for thenselves,-their doctrin,
| ia sound, and no attempt has eve
been made to refute their logic. MI
B. said:
GAIL other circumstances bein.
equal, | agree with the Senator from
Kentucky, that that country is mos
prosperous where labor commands
the highest wages, do not, however
mean by the terms "highest wages,
the greatest nominal amount. Du
ring the Revolutionary war one day
work commanded hundred dollar
tof continental paper; blu. this woul'
scarcely have purchased a breakfast
The more proper expression woult
be to say, THAT THAT COUN
TRY is MOST PROSPEROUS
WHERE LABOR COMMANDS
THE GREATEST REWARD
where one days labor will procure
not the greatest nominal amount Q
deprecated currency, but most Q
the necessaries and comforts of life
II, therefore, you should, in some de
gree, reduce the nominal price pai
for labor, by reducing the amount Q
your bank issues within reasonable
and safe limits, and establishing
metallic basis for your paper circula
ton, would this injure the laborer
Certainly not; because the price Of al
the necessaries and comforts of lif
are reduced in the same proportion
and he will be able to purchase NOR
Of them for one dollar in SCUM,
state ofthe currency, than he coul,
have done in the days of extrava
CANT expansion for dollar and
quarter. So far from injuring, j
will benefit the laboring man. |
will insure to him constant employ
ment and regular prices, paid il
sound currency, which Of all thing
he ought most to desire, and it vii
save him from being involved in ruiz
by reoccurrence Of those periodica
Expansions and contractions Of th
currency which have hitherto con
lyulsed the country"
Now, this is the precise languag
of Mr.. Buchanan. Dare the Daily
News, or any other know nothing