Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1865-06-17


AT public meeting held in Circleville,
Ohio, on the 10th instant, Hon. John sher.
man, United States Senator from Ohio,
made speech on public affairs, from
which We make the following extract
RESPONSIBILITY OF TIE UNION PARTY.
The real responsibility of political
events now rests upon the Union party, or,
as now prefer to call it, the Republican
party. Names are not very material, but
still we have our choice. That party
which, during the war, resolutely main
tained the right and duty of the National
Government to suppress the rebellion iby
force of arms. is the party mean. This
party was founded mainly upon the Re-
publican party, whose opposition to sIave-
~ was always avoWed, and whose mem-
bsrs have maintained that the end of the
war is the eud of slavery. 1t matters lit.
tic what motive unites rs when we
are agreed. 1t is certain that we do agree
upon certain fundamental dopmas, and
these are 3 =.
l. That the Union must be preserved.
This is Jacksonian doctrine.
2. That slavery must be destroyed. This
is Republican sentiment
3. And this is Andy Johusou's deolars.
ton That traitors must be punished.
Great cheering
These we regard as no longer debatable.
The mode mud manner of enforcing them
and all the complications growing ont Of
the war, we may debate about, but these
are fundamental. No man can riebtfully
De said to belong to the party in power,
who does not admit them, and who will
not act upon them.
FINANCIAL AFFAIRS OF THE NATION.
Let US then accept the responsibility of
our position, and while openly avowipg
our leading principles, inquire what other
questions will probably enter into the
coming canvass. 1t is obvious to every
one that fusncial questions will be far
moreimportant than heretofore. Formerly
our national revenue was almost exclu-
siveiy derived from a, very moderate duty
or tax on imported goods. AS this was
easily levied in our commercial cities, and
mostly in New York, and mainly on arti-
cles of luxury, the people scarcely per.
ceived the tax, and never felt it as q burden.
The only dispute was, not as to the amount
to be levied, but as TO the mode of doing it,
as 70 how much or how little disorimina.
tion should be made in favor of our domes.
tic industry. AS all national taxes were
payable in gold and silver, we had in Con.
gress, before the war, nothing to do with
questions relatingt to paper money, to banks
or currency. AS our national debt was in.
signihcant-scarcely equal to- one years
income-we had no occasion to discuss
the forms of loans and the mode of uego
ttating them. In common with you, I
wish our financial condition was as favor.
able as before the war; bnt without accept.
ing the gage of battle thrown down by the
rebels we could not have preserved our
country, and we could not have conducted
the war without debt, taxes, paper money,
and all their incidents. When you pay
taxes, charge them to the rebels. All that
you can ask of your agents is, that they
| apply the national resources in the great
work of suppressiug the rebellion ia the
way least burdensoIhe to the people. And
upon this point am sure our success has
been as complete as the triumph of on.
armies. At the beginning of the war, our
neighbors across the water, and some OF
our neighbors about home, prophesied
financial ruin, bankruptcy, repudiation
and anarchy. Copperheads in Congress
prOphecied that greenbacks would be
bought by the cord. 1t now takes quite q
pile of gold to buy a small lot of green
backs. Our bonds never sold below par
sfter the first six months OF the war, and
our currency maintained it's general rela.
tion to gold fully ss well as the Bank Of
EuglaDd notes. did during the wars with
Napoleon Our credit never sank so low
as at the time of the ohicsgo Convention
and then it was because the action Of thai
Convention and of the Sons of Liberty
created fear that an open, armed revolt
would occur in the loyal States.
have a letter from distinguished ed
statesman ip England, we'll known tor his
financial ability, who says that the won
deriul success of our financial policy hat
demonstrated our power as q nation al
fully as the exhibition of our physics
strength. And yet this policy was but sue
cessiOu OF experiments merely adopted
from time to'tirne to meet immediate anC
/ pressing wants. At frat We resoFted K
loans In the usual way, through bsukeri
In New York, and in short time exhaust
ed them. Then followed the suspension
OF specie paymeuts. This was critiea
point. Gold being boarded, there was nj
currency except State bank nqtes, anC
these were only of local credit, and -issust
oy 1900 different. corporations. To us
'nese as national currency was danger
Gus, and, indeed, disastrous. DemanI
notes of the United States !Were then au
thoriEed and issued. They were made re
CetvAbie for loans and taxes. AS tn
amount iucreasedthey deprecated in mar
ket value. Creditors were not bound 4
receive them, and any man might demsn
,rn1 4. "a