The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1866-01-17
IECTURR
DELIVERED BY
GEN. GEO. ". MORGAN, i,
FRANKLIN DEMOCRATIC
ASSOCIATION,
I'm Columbus, on Saturday Evefi-
Ing, Jan. 6, 1866.

ASSOSIh LIONs
In Columbus, on Saturday Even
Ing, Jan. 6, 1S66.
Thanks, Fellow-citizens, for yoMr wei.
come on this occasion; thanks fer the evi-
dence of confidence 20 lately and 80 kindly
expressed at the ballot-box.
To Columbus the world is indebted for
| the discovery of continent, which has been
the cradle, but which may yet become the
tomb of liberty. Your beautiful city is
worthy of the name. Franklin-philoso-
phcr and statesman--drew fire from the
heavens and trained and subdued the light
nirgs, which have since been taught to
whisper messages across the con,inent.--
Immortality to Franklin! All honor to the
gallant county which bears his name.
| come, citizens, in compliance with your
wishes, to consult with you relative to GER
tain of the aff.irs of our State and nation;
and do so with the greater pleasure be-
cause, in this moment of calm, the mind is
prepared to listen with candor and decide
with justice upon questions which may be
submitted for consideration. And coDjure
you, citizens, one and all, to forget partisan
prejudices, an to remember only that We
are all Ohioans, all Americans, all country
men, with common hopes, common interest,
and a common destiny.
In all ages the dcnagogue has been the
ramc--ambitious Of place and power, and
regardless of right. Conscious of his own
unworthiness, he desires to make better
men appear "a unworthy ~ himself, and
seeks to inhar'e the public mind and rouse
the evil passions of the heart. that the
victims OF his drceptions may be blindly led
to their destruction.
Against such men, citizens, bid you be.
ware They are your enemies; they me the
| enemies Of the free institutions. And if
civil liberty be subverted. and from race
uf freen,ca we degenerate into race of
slaves, it will be owing to the inct that we,
| as people, mistook party for country, and
prejudice for patriotism.
Undoubtedly, said Daniel Webster, "If
our political system should be overthrown,
| it will bc the work Of excessive party spirit
acting On the government, which is DANCER
Gus enough, or acting in the government,
which Is Thousand times more dangerous;
for government then becomes nothing but
organized party, and in the vicissitude Of
human affairs il may cone at last, perhaps,
to exhibit singular paradox of government
itself being in opposition TO It's owi, powers
at war with the very elements of lis OWN
existence.
Such cases are hopeless, as men may be
protected against murder, but can not he
| guarded against suicide; SO government may
be shielded from external foes, but nothing
can save it when it chooses to lay violent
h.nds on itsclf." With what vividneSs
d,cs the language of the great orator por-
tray the danger in which the Government
is involved by the rarricidal conduct of the
present Congress, when one Of the branches
Of the Government has become nothing but
organized party. But why does the danger
| exist? Because the same party has All over
| whelming majority in both branches of the
National Legislature, and there is no check
against corruption or the delirium Of party
| madness.
The great and good Washington, in his
farewell address, thus warns us against the
cxc' IS Of party spirit: 1T serves" he
| say, always to distract public councils and
| cufeeblc the public administration, 1t agi-
| tates the community with ill-fouaded jeal-
ouscs and false alarms; kindles the ani,uos-
| ity Of one party against another. and TO
mems, occasionally riot and insurrcction -
And there being constant danger uf excess,
the effort ought to he, by force Of public
opinion, to mitigate and assuage 1t.
D, eply impressed, citizens, with the wis
dom OF these precepts | will endcavor to
approach the subject OF discourse with a
spirit of sincerity worthy of the grave topics
! to which your attention VII be invited.
| 1t is my purpooc, citizens, to state facts,
| rather than suggest relirdics--to ask by
| what means our country can obtain relief,
rather than propose any plan Of my own.
There are no fetters which shackle an in
dividual like heavy Indebtedness, and when
| upon that debt, not only usury but com
pound interest is cxacted, the ruin of the
unfortunate debtor may be calculated upon
with certainty. The creditor who receives
the usury becomes rich, but the debtor who
pays tits hopelcssly ruined. And what is
true of an individual, is not less 80 when
applied to nation, which is but an Assem-.
b!agc of many individuals.
In his esteemed work on The WmM O,
| Nations, the celebrated Adam Smith re,
marks that, The progress of the enormous
debts which at present oppress, and will IN
the long run probably ruin all the great na.
tons Of Europe, has been pretty uniform.
THE DEBTS OF GREAT BRITAIN AND THF
| o UNITED STATES COMPARED.
| One hundred and ninety-eight years age
the foundation of the funded debt OF Great
Britain was laid, and to day it amounts tC
eight hundred and five million pounds ster
ling, equal in our currency to three thou
sand eight hundred and ninety-Six million
two hundred thousand dollars, and draws
from three and halt to four per cent. in
te;est, while the Equidated debt Of the
United States, created within FIVE years
will on the thirtieth day Of June, 1865
amount to three thousand million dollars
upon considerable portion of which the
Government--that is the people--pays siz
per cent. in gold, in semiannual payments
which is now equal to ten per cent in green
backs But when it is remembered tina
one hundred thousand dollars worth o.
bonds were bought for fifty thousand dol
lars in gold, it will be clear to every one tina
the purchaser receives twelve per cent. in
terest in gold, or twenty per cent. in papel
money, on the amount Of his original in
vestnlont, which was fifty thousand dollars
And who pays this immense INTEREST,"
The people; the farmer whose land is mort
cages to secure the payment Of the usury
the merchant, the manufacturer, the me
chanic and laboring man, whose skill ant
industry are mortgaged to the bond owner
:E. EXEMPT TIE POOR. ,g5a &. .,.
1t is true that here and there, bonds ar
owned in small amounts by persons in limi
ted circumstances, and would it not be jus
to act on the principle Of the homestead
law, and in all cases where there are six o
eight hundred dollars in bonds owned in on
family, and not more than that amount, t
exempt them from taxation? e.
|, RECKLESS WASTE OF THE NATIONS TREAS
URE.
1t is further trle that the expenditure
caused by the war were unavoidably large
, but is there single instance in history offs
wicked and want0n waste of o nation
wealth as has marked the maladministratio
of our affairs since 1851? Reflect upon til