Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-04-26

recently charged BY the opposition. What more, he
asked, was demanded3 What more could be done 2
Surely ii was much more than had even been at
tempted by the opposition party in Congress, who,
il there we're extravsgance ia the government, had
stood quietly by and witnessed its progress, but in
terposed no check--no remedy. Tie people, he
thought, could understand this whole srbject, and
the reason 1t Was so ardeny pressed at this paro>
ulariime
II had spoken longer than he designed, but since
he vas on the stand ne would ask their indulgence
for moment, while be adverled to another subject
which was beginning to agiiate the public mind
lie alluded 10 the currency question. Here again
divisions were sought to be made in the Democratic
party. Some we're CALLED "Hagds" and others
'S0fts." lie was willing to be called the hardest
Of the ''Esrds;" but he unwilling TO recognize
sDy division on that question in tho Democratic
party. II ives true the soffs were not prepared TO
go far.as the hards on this Subject but both I'D
mtied the necessity Of reform, and both were act
ing together as far as they went One stopped
little short of the point which the other sought to
attain and that was the only difference.
But divisions in parties this snhjeet was not
the issue. The great question the proprieiy Of
returning to the currency of the constitution. This
was animperious neesSsiiy, in bis judgement, which
rested upon every true friend Of bis country The
mischief Inflicted periodically on the people BY
deprecated and worthless paper currency, was in
caleulable According to official statements made
out by the Treasury Department and collected from
other sources, the loss from the origin of tie gov
ernnent, which had been thrown upon and sustain
cd by the country, through paper currency, might
safely be set dowu at $50, 600, 600. What an enor-
nous som! Sufficient to administer the Federal
Govercment, at $4,000 900 year, fer ten years,
without single farthing's tax directly indirect
ly, collected from the people.
But to bling these startling results nearer home,
he gsid in 1851 al the last suspension in Tonnes.
EoI seou,or c1-n ,lof soV, - oho,f
coo; and it might be safely set down that The losses
sustaiued by the people of this State by that single
suspension, through broken banks, deprecated pa
per, sc at not less than S1,O00,OO0.
These astounding results it seemed TO him, made
il too apparent TO require discussion, and every
true friend of the country should bend all his
orgies to correct this crying evil which was drying
up the resources of the government, and weighing
the laboriug masses to the ground. What objection
was there 10 gold and silver currency? He know
it was said there was not enough Of the precious
metals in the United States to meet the wants of the
country and the demands of commerce. But how
was the fact? In 1910, when the people were arous-
ed on the subject of a National Bank, as the great
engine to remove the evils, which then sat like q
nightmare upon the energies Of the country, the
democracy had no adequate answer to the argument
that there was not gold ana silver enough in the
Union tn supply the wants of the people But sub
sequent developments hsve removed all these Diff
cultes. Official documents and statements show
that from lS47 to 1851 period of only ten years,
there passed through the minis of the United States
in gold and silver, the enormous Of about
S400, 600 900; while at the most inflated state Of
the paper currency, there was not ct any time,
more than S2l4 900, coo of paper money in circu-
lstion. Thus showing there is nearly two dollars
in gold and silver, for every one in paper. Where
is ii? Like the cotton, rice and tobacco it has
sought the markets of the world. For the precious
metals, like produce is article of commerce and
ID 1fr- f. - T.
demanded as sparks ascend or water runs. Our de-
mand for it is Supplied By worthless, fuctuating
paper circulation and is increased the gold and
silver is drivea out.
Bat he could no. Garry this discussion further.
He would only remark that it had been apprehend-
ed, that the cid difficulties which at oGe time had
existed between him and Col. Haynes, the nominee
Of the convention, would again be revived and that
he and his friends would stand Rloof from his sup
port. They had il was true, once had fierce con-
test The whole country was familiar with the re-
suit. It was his good fortune to triu nph, aud Col.
Haynes fate to be defeated. That was only an is
sue Of political warfare. One or the other had to
20 down. But warm Gs the contest the excite
ment Of the day died with the occasion OF the
test, and now after the question of principle that
hen divided them had been settled, he was too
sound a democrat, not to bow-cheerfully bOW-to
the behest of his party. He endorsed the nomina-
fion ard assured the convention, that there no
achism in the ranks of the democratic party in this
district He and his friends would rally to the
support Of their chosen standard bearer, and bat
tie for the principles of the party and the cause Of
the country
He would remark further, that he knew Col
Haynes to be able and eloquent debater-"a
foemau worthy of his steel, /" and the man who
yassed with him. in hOmely phrase, had a got"
equal to the capacity of any man in the State. He
vas energetic, bold and manly, and with hearty
support would bear our banner in triumph over the
district.
He would not dctain them longer, and retired
from the stand under most tumultOus applause.
DEATH OF Elk GOVERNOR WILLIAM c. BOUCK.-
Hon. William C. Bouok, of s,hOhaire county, New
York, died st his residence in that county, the
morning of the 10Th inst, at the age of 70 years.
He lived on the same farm occupied by his father
and grandfather, and which was part of the tract
on schohaire creek patented by the late and others
from George the II, in 1855.