Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-10-10


en- to each speaker the FIRST two geutlemen
to have the opening and closing Of the die.
cussion, che two latter 20 follow the aru.
speaker, in succession
Mr. Clay commenced by saying that il
was not the object Of the rpeakers 10 meet
together for The purpose Of making charges
against the opposing parties, or against in
dyiduais Of any party, but for a fair jus,
and candid discussion Of the issues now d.
viding the people into two opposing poi,i.
cal parties. The decision was left TO them
selves at the ballot box. lie said, as a can,
didate, be bad to say ths, the democratic
party bad made every proposition in the
campaign, and that the opposite party had
done nothing more than to join in an issue
upon these propositions and great questions
which now divide the public mind. The
Democratic convention had passed resolu-
tions endorsing the Treasury Law Of last
winter, and these resolutions set forth bis
principles in the most brief and exact man.
ner possible. Experience had proven that
previous laws we're not sufficient safe guards
for the keeping Of the public funds, and il
laws we're intended to be a safeguard, he
regarded the present treasury law as bet
tor safeguard, as it did away entirely with
the deposit system, whereby banks and pri,
vato individuals had equandered the public
money Responsibilities Of this character
he was willing to have rest where they To-
Ultimately belonged As to the usury ques-
ton, he favored an enactment whereby the
capitalist should be enabled to enhance his
own interests without being necessitated to
pay an exOrbitant rate of interest and that
TO retreneh the ayaricious shylocks, he ia.
vored a penalty Of the forfeiture of the prin
cipal and interest He related circum.
stance which occurred in Dayton, which
gave plausibility and strength to the argu.
ment
As to the question of slavery, be stood on
the Cincinnati platform, and claimed that
beyond the limits of our own state we had
no legitimate control of tho institution; but
were he II resident of a territory, he would
then assert his inalenable right in favor Of
making il free territory.
Mr.. Strong followed, and in reply to Mr..
ClaY's remarks on the treasury law, said he
had no objection to the fundamental prin I.
ciples Of the law, but It was to the 18th and
l4th sections Of the law which required that
the taxes should be paid in specie, when it
was not in general circulation This, he
claimed, was nothing more than a feeding of
these shylocks which the Democracy and
the Empire so vehemently denounced, and
who have in this single county raised the
usury question for no other purpose than
that of defeating bis friend Mr.. Cuppy,
whom they falsely accused of being one of
those self same shylocks, usurers and five
per cent month men After descanting
on Mr.. Clay remarks, denying his positions
in the main, and ridiculing popular soye.
reigntY, claiming Congressional Intervention,
made way for Mr.. Cuppy, who claimed that
the democratic party was inconsistent in all
its past history, and he could consider it
only in state of constant retrogression;
that Thomas jefferson was no more the
father and founder of the present demo.
cratic party, than old Sam Biggs was the
father Of Shem. He was charged in the
Empire with being usurer, five per cent
a month man; he bad expressed himself in
favor of usury law; he was in favor of such
a law, although he would not go quite as far
as Mr.. Clay in regard to the penalty. lie
would have the usurer pay a forfeit of dou,
BILE the rate of interest and not the whole
principal, as his opponent would have them
do.
Mr.. Cahill then proceeded to answer the
arguments cf Messrs. Cuppy and Strong,
and as the latter gentleman had styled him
Mr. Clays lieutenant, he thought it proper
to style him (Strong) Mr.. Cuppy's corporal
lie maintained the same principles that
we're advanced by Mr.. Clay, in the opening
of the discussion, and in reply to the payment
of taxes in specie, showed that it was not
the duty of tax payers to pay their taxes in
specie at all, but in current paper money in
circulation among them, and it was the
Treasurers duty to demand the specie of
the banks that had issued this money. As
to the Treasury law, he favored 1t in every
respect, yet, as all human fabrics are more
or less imperfect, he did not consider it was
far in advance of the Kelly Act which ia.
vOred deposits, whereby, as he proceeded to
show, the peoples money had been squan'
dered.
Hethought as circumstances would pre-
sent themselves, showing wherein the law
could bo improved, it would in time, be per-
fected but if repealed, lie asked, what bet
ter law or means they would provide for the
safe-keeping of the public funds. Being
interrupted at that stage, Mr. Cuppy failed
to answer this question whom pressed upon
him.
He regarded the ordinance of 1887, as a /
treaty or compact between the Federal Gov.
eminent and Virginia, and by the Consttu.
ton they were bound to carry it out But
this did not go to prove that these States
could not have established slavery had the
people desired it. and engrafted such in their
Constitution, when they applied for admis-
sion into the Union.
He defended Mr. Clay from the position
charged upon him by Nj. Cuppy in regard
TO the resolution of 1913 or 1852. stating the