Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-08-09
Anisa aud 1ispatth.
Largest ClrcnIatiOn in City and State.
GEORGE FRANCIS TRAIN ON THE
NATIONAL DEBT.
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For Greenbaeks-A Broadside intt
National BauIss. etc. asta4 ssq
Being at CIifftoa Springs, New York
and being called upon for = speech, Georg'
Francis Train RESPONDED. We extract as
| folIows lie began thlis
Resolved, Asour national debt was con.
tEscted by imitation, BY imitation it shoald
be paid. sis 8
Mr. Chapman, of St. LOuis--- What dc
you mean b. that proposition 4.
Mr.. Trsin-He mean f'np with green
backs and down with specie payment
| Laughter and ap1lause All those II
favor Of greenbacks say aye. Loud cries
Of aye. If tne people prefer greenbacks
withoat interest, Why force them to take
bonds and notes with INTEREST," That's
so. The statistics show that out Of thirty
six millions Of people only half million
pay an income tax on a thousand dollars.
Hence it is fair TO suppose that that number
will cover the bond holders. The question
arises, is there sufficient virtue and gene
rosity in the other thirty-fye and a half
millions TO vote to tax themselves to pay
these five hundred thousand bond-holders.
Give US greenbacks, we say, and build
cities, plant corn, open coal mines, control
railways, launch ships, grow cotton, es-
tablish factories. open gold and silver
mines, erect rolling mills, start the sugar
cane, the sorghum, and the tobacco once
more. Turn Niagara Falls into Man
chester. Loud applause. Vote ten mil
lions bonus If we finish the Pacific railroad
before 1870 Cheers Vote subsidies
for steamboat lines to Europe; dig canal
from Lake Michigan to the Mississippi,
Applause, and remove the capitol OF
America from that corrupt and God-for-
saken sink of iniquity, Washington, to
Columbus, Nebraska, ninety six miles west
of Omaha, the geographical centre of our
| four million square mile nation. Loud
| cheers. Carry my resolution and there is
sunshine in the sky. g[Applause. Vote
McCnlloch's English plan for paying Eng
lishmen one dollar for what they paid forty
cents for, and disaster wrecks our financial
ship. Greenbacks will start Us ahead
again at forty miles an hour. Specie pay
ment will produce regular smash up.
Frederick the Great built up Prussia on
paper, and England's power was based on
greenback currency. THAT is true. Pitt
saved England by greenbacks. McCulloch
would rain America with specie payments.
Rev. Mr.. Paine, Brooklyn-Do YOU ad-
vocate repudiation? +
Mr.. Train-Repudiation God forbid.
If any man talks reputation shoot him
on the spot" Laughter and applause. I
Let me repeat the resolution.
As the national debt was contracted by
initiation, by imitation it should be paidj
Applause.
How strange that you should mix up
geeenbacks with repndiati0n. GLaughter.
You might as well call a Copperhead a
Democrat. Laughter.l ]
BlueheF and Wellington represented dis
tinct nations, yet they closely resemble
each other in wax figures. Laughter. I
Take care that the demagogue does not Sc,
duce you by his slippery-elm tongue. He
will argue that it is cheap to save the
Union and prserve our nationality, even at
the price $500, 10000 according 10 Nc
oulloch, but $4,000, 100000 according to
the demagogue. Ohl .-.-r'
To pay it of in thirty years, as McCul-
loch proposes, we must raise-from the
poor more than the rich-$l0,0 1000. 10000
more in taxes. A voice-Why the poor p
Because the psor are the many. Labor
always bears the burden. Bondholders
gegislated 10 have no taxes on their bonds.
Hence the rich man can send his children
to school where the poor man paws the
schoOlmarm. Dissent and laughter.
The government commenced the war by
making contracts in gold. Then they re.
pudiated gold and gave legal.tenders.
Then they repudiated legal-tenders and
gave certificates of Indebtedness Then
they repudiated certificates of indebted
ness and gave contractors seven thirties.
Take hundred dollars in greenbaeks 10
McCulloch and see if you can get hum
dred dollar fivetwenty bond. He will re-
pudiate at once. You must pay the
seventy or eighty dollars premium for it /;
for repudiation is the order Of the day.
Some Kisses, and What else have they
repudiated ~ 1900. -...-- =
Mr.. What else? Why Congress
has repndiated the constitution laughter, I
! repudiated the Executive, and repudiated
the idea first started that the States were
in the Union. They then repudiated the
Supreme Court, repudiated the constitu-
tional amendment, and now they intend
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bill, oh and dissent, and in voting the
bounty bill commenced repudiating the
national debt. You see repudiation is
fashionable. Laughter. Hence nothing
can save us but greenbacks. Applause
For insolvency is the strongest point in the
American character. Laughter
Professor Evans, Hamilton College
Buffalo-What do you estimate the wastage
Of the war, and do you not think that tends
toward repudiaiiOn2
Mr.. Train-Most certainly. In my
Pilot Knob speech put down the figures
in loss Of life, labor, shipping and property,
estimating $40, 600 each for white men, and
$1,000 for black, at about S30,000 000, 600,
the accumulated industry and labor of a
century. As so much has already been
thrown into the boiling oauldron of revolu-
ton the demagogue will argue that our
national debt had better 60 in with the
rest. Once the North held the club OF
Hercules. The South rebelled. The West
| ioined the North tosave the Union. Right
and numbers conquered. Now the West
holds the club of Hercules, but not many
| bonds A Western demagogue might say
Once upon a time the South built Up an
oligarchy based upoh black slavery The
Almighty deereed that il should not be
Four hundred thousand Shareholders owned
four millions Of blacks. Presto, Providence
and Jefferson Davis liberated Them.
lsfIaughter did not mention Mr. Lin
coin. For the demi-god of the newspapers
never existed. LOh. He tried TO save
the Union by saving slavery. His emanci-
patton proclamation was an accident
NO Having taken care Of the South
SAYS the Western demagogue, look at the
North. Four hundred thonsand boudhoid-
ers have thirty millions Of whites in bond
ages. Will not Providence break theII
chains as wen as the blacke?
=, The speculaior advertises his gains--sel-
dom his losses, and assets are usually rotten
eggs, The rich, knowing this have passed
Tor Their. order bankrupt bill. This saves
them The poor who live from hand to
mouth have but one remedy, this is a bank
rupt law for the people.
A voioe-What is that2
Universal greenbaCks, said Mr.. Train
/ Laughter
Rev. DIR. Kendall, of ST. Louis-What
did the national debt do for England2
Mr.. Train Reduced her people to serfs
applause, one man in sixteen psuper, ons
child in twelve bastard, sixty thousand
drunkards die there every year. and oniy
] ..ifla IN a.~lt..,.