The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-08-10

| calls MS speech OF the DemaEOgUe
Mr.. Train, who was received with an
plausc, commenced by reading the follow
ing resolution
"ReSolUcd, As our national debt was con.
tracted by initiation, by initiation it should
be paid"
Mr.. Chapman, of St. Louis.-What dc
you mean by that proposition?
Mr.. Train.-Wc mean cup witSgreen.
backs and down with specie payment
Laughter and applause. Ali those in
favor of grccnbacks, say aye. Loud cries
of aye.l If the people prefer greenbacks
without interest, why force them to take
bonds and notes with interest? That's
SOL The statistics show that ont of thirty
SIN millions of people only half million
pay an income tax on a thousand dollars.
Hence 1t Is fair to suppose that that num-
Der Will cover the bondholdcrs. The Qucs-
ton arises, is there sufficient virtue and
generosity in tho other thrty-fve and a
halt millions to vote to tax themselves to
pay these five hundred thousand bond
holders? [Crics of yes The Dcmagoguc
Will make much Of this point. Laughter.
And you must meet him squarely, or he
will have the argument. The New York
Herd'd closed one of its last leaders
on the national banks by saying, since
Horace Greeley, by bailing Mr.. Davis,
admits that there is no such crime as
treason, Our NATIONAL DEBT is A Ma
TIoNAL SwINDLE. Ia voice "The Herald
is no guide to public opinion."l You are
mistaken. Bennett always looks ahead.
iS hot INT hn
Kidding those pet President-making insti-
tutions. lie is first TO see change in the
public mind, and thirty years experience
has made him a prophet as we'll as for
tune. lApplause.l Many years ago he
told me that panic was a good thing for
city or nation. Chicago was built out
of initiation. The panic came, bankruptcy
followed, but the substantial stores, the
magnificent residences, the splendid city,
and two hundred thousand people, remain
cd there. Loud applause.l Give us
grccnbacks, We say, and build cities, plant
corn, open coal mines, control railways,
launch ships, grow cotton, establish fac
tories, open gold and silver mines, erect
rolling mills, start the sugar-canc, the sor-
ghum, and the tobacco once more. Turn
Niagara Falls into a Manchester. Loud
applause.l Vote ten millions bonus if we
finish the Pacific railroad before 1870.
[Cheers.l Vote subsidies for steamboat
lines to Europe; dig a canal from Lake
Michigan to the Mississippi Applause and
remove tho capitol Of America from that
corrupt and God-torsaken sink Of iniquity,
Washington, to Columbus, Nebraska,
ninety-six miles west of Omaha, the geo.
graphical centre Of our four illon-square-
mile nation. Loud chcers.] Garry my
resolution, and there is sunshine in the
sky. [Applause.l Vote McCulloch's Eng
lish plan Of paying Englishmen one dollar
for what they paid forty cents for, and dis
astcr wrecks our financial ship. Green
backs will start lis ahead again at forty
miles On hour. Specie payment will pro-
duco regular smash up.
Frederick the Great built up Prussia on
paper, and England's power was based on
grecnback currency. That is truc.l Pitt
saved England by grcenbacks. McCul-
loch would ruin America with specie pay
mcntS.
Rev. Mr.. Paine, Brooklyn.-Do you ad-
vocatc reputation?
Mr.. Train.-Rcpudiation. God forbid
If any man talks Reputation, "s shoot him
on the spot Laughter and applause. i
Let me repeat the resolution.
AS the national debt was contracted
by imitation, by imitation it should be paid
ApplauSe.l
How strange that you should mix up
grcenbacks with reputation. Laughter
You might as we'll call q Coppcrhead q
Democrat. [Laughter.l
Butcher and Wellington represented dis
tinct nations, yet they closely resemble
each other in wax figures. Laughter.
Take care that the Demagoguc does not
seduce you by his slippery-elm tongue
He will argue that it is cheap to save the
Union and preserve our nationality even
at the price Of S2,700,0O0,0 900 according to
McCulloch, but $4,000, 100000 according
to the Demagogue. [Oh,l
Rev. Mr.. Falkncr, Bridgeport, Connect.
cut.-Where do you get your $l2, 900, o0O,'
OOo?
Mr.. Train.-From the debt visible and
the debt invisible. [Laughter.l
This is only for the principal. To pay
| it Off in thirty years, as McCulloch pro
poses, we must raiSe-from the poor more
than the rich-Sl0,000, 100000 more II
taxes. 4 voice: Why the poor p Be.
cause the poor are the many. Labor
always bears the burden. Bondholders
legislated to have no taxes on their bonds
Hence the rich man can send his children
to school where the poor man pays the
schoolmarm. dissent and laughter.
Ben Wade was right at Lawrence. He
said the poor man must be better paid for
his labor. Seymour, of the New York
Times, reported fairly; but it was Ray
mond who gave the start on the agrarian
Interpretation. A voice: "Did you hear
the speech ?"l Yes, sir; I introduced Mr.
Wade to his Kansas audience, and endorse
all he said. Wade is no agrarian. He is
bold, plucky humanitarian, not afraid Of
man or Democrat. lLaughter.] He be,
lievcs as ! do, that the laboring man
should divide his day into eight hours
for labor, eight hours for recreation and
Improvement, and eight hours for sleep
if he requires so much. Applause.
Wade is more of a statesman than
politician. [Applause.l Mr.. Paine
asked if 1 proposed reputation. BY nc
means; but the Demagogue will tell you
that re pudiation has been the policy OF
the Government from the first. ["Oh p
and dissent You don't agree to that
Let me prove it. The Government com,
menced the war by making contracts II
gold. Then they repudiated gold and
gave lcgal-tenders. Then they repudiated
legal-tendcrs aud gave certificates of in
debtedncss. Then they repudiated GER
tificates of Indebtedness and gave con-
tractors sevcn-thirties. All your ingenuity
is required here to meet the Demagogue
[Laughter.] For he will assure you that
even now the endorsement on your green
hack agreeing to exchange for a i've