Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1856-07-17
ANOTHER FALSEHOOD EXPLODED
TEN CENTS A DAY!


s.
| Among the various charges whicl
the know nothings are bringing a
gainst our candidate, and out 0
which they fondly hope to make |
little capital, is the contemplate one
years ago nailed to the counter a.
base coin, that James Buchanan, or
one occasion, long since made g
speech, in which be expressed the
hope that he might live to see the
the day when the wages of working
men would be reduced to ten cts pei
day. Long, long ago this was proved
| to be foul slander-manufactured
out Of whole cloth for Buchanan s
injury; but the dirty scavengers of
know nothingism have revived the
charge for consumption in the pres
ent canvass. 1t therefore becomes
necessary to knock it on the head
again.
In the first place, the charge, was
a falsehood upon its very face with
cut shadow of plausi5ility, or prob
ability about it. Mr.. Buchanan had
been mentioned in connection with
with the Presidential Office years be-
fore the period at which the charge
is fixed, and it is not unreasonable
to suppose that laudable ambition
prompted in his mind a desire for
for that high distinction. He as we'll
as any other sensible man would have
known that such an expression from
his lips would have destroyed all
prospect of future political success.
1t would have been his political death
warrant, for the reason that the vast
majority Of those upon whom he
would have to depend for political
promotion, we're working men, and
they could NOD. .be expected to be
SO false to their own interest as to
support a m an who would reduce
their wages to "teu cents per day.
Being a sensible man, therefore, be
could never have made the remarks
attributed to him.
But We are not compelled to de-
pend upon negative testimony
What be did say on the occasion and
on the subject referred to, is upon
record, and we ask every reader to
carefully and attentiyely peruse the
extracts we make below.
The true history of the origin ol
the charge is simply this: Mr..
Buchanan was the warm and jealous
advocate of the Independent Treas.
ury and ofa metallic currency,in place
Of the worthless paper issues which
at the time deluged the country and
vas the cause of wide spread ruir
and distress. The initiation O
the curretcy incident to the ovel
issue of paper and the wild extrav
agance in almost every grade ol
society, naturally carried the prices
of both the luxuries and necessaries
Of life to a point corresponding With
the extent Of the unusual expansion
Of the currency. The Democrati
leaders, apprehensive of the evi
consequences ultimately to resul
from such condition of things, tool
ground in favor of specie circula
ton, or at least a closer approxima
ton thereto than the country ha'
ever known. Those opposed to th
policy, in their search for argument
against it, discovered that to intro
duce an exclusive gold and silve
currency would be to reduce wages
foras they contended, if you drive on
every thing but gold and silver fror
the circulation while you do no
increase the quantity or amount 9
the precious metals, you reduce to
amount Of circulation and make mon
ey more valuable and harder to gethol
lof. The consequence will be tha