The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-09-25

I TUTT TTTTTWTOWsTV NTnUTNCP1 IhF
| expulsion Of All these colored men in one reso
lntion, aud then declared that upon this resolu n
| ton the colored man should not vote; and this
with the detection OF few weakened and
ueachcrous hepubltcans, gave them the
majority. The COlorod men bY the same process
might have expelled all the whites, by embracing
them AL m one resolution, and upon the question
1i adopting that resolution refusing to allow
them 10 vote.
Cat this point a gentleman In the audience
proposed three cheers for the twentY-four
members of the Georgia Legislature. The
proposition was Immediately carried out. The
following sentence sEakened the enthusiasm of
the audience, and was loudly cheercd:)
1t was an act Of notification aud revolution
which will demand, aud, ! doubt not, will re-.
ceiye the correcting hand Of a loyal Congress
We 90 not sslnit that the pover of Congress
over these rebellious States IL exhausted (Re-
neWed enthusasm.) Recoustruction Is not com.
pleted until these new State Governments are
established. lApplause.) II would be absurd
TO say that Congress has power TO set up net
governments In the Rebel States. but has no
power TO protect them from being overturned
the next day BY the resistance of Rebels. Tue
CONSTITUTION declares that the United States
"shall guarantee 20 each State a republican
is law term, aud Il used here In its legal
sense. The contract OF guarantee 10 an under.
taxing TO do something In case somebody else
fails to do it, the other party being primarily
liable TO do It, To guarantee the payment of n
debt Is 10 undertake to pay IL in case the
original debtor docs not. II Is the duty of the
several States under the Constitution to main
tain republican form OF government; aud the
undertaking In the Constitution Is that II the
States, or any OF them, shalt fail 10 maintain
such government, the United States shall take
such steps or use such means whereby a repub-
lican form OF government shall be erected and
maintained. | say maintained; for N the new
State government which has been set 10 shall
be oVerthrown, the duty OF the National Gov
orr mi ont ta faf1 Il 40
the duty OF maintaining government as estab.
l1shed Is an essential part of the execution OF
the guarantee. AZ Congress had the constitu-
tioual power 10 bring about the erection OF these
governments through the operation OF the
reconstruction laws, so 1t has the power 10
protect them until they are established, and can
maintain themselves against their enemies.
The success OF the Democratic party Rpces-
sarily involves the reputation OF the national
debt. 1t will be morally impossible for that
party to pay the debt II placed IN power.
great party, like an individual, has an organzl.
ton and q temperament from which II cannot
escape any more than man can get away from
the temperament and character with which he
has been organized. The character aud action
oil party is determined by the character OF the
men who compose it. Whatever may be It's
professions, its action would be determined by
the elements that compose IL. The Northern
wing. of the Democratic party is composed
chiefly OF the men who opposed the war, who
sympathized with the Rebellion (mauy of them
giving 1t actual aid and comfOrt), who oppo'ed
the creation of the debt in the beginning who
declared that the lega.tender notes were Illegal
and worthless, who not only refused TO
lend their money to the Government
but endeayored to prevent others from
doing so, and whose every prejudice and
feeling is now hostile to the payment OF
The Southern wing OF the party is composed OF
the actual Rebels; the men who waved war
against the Government for four years; the meu
who invested their property in Confederate
Daa and InCt roNl A. Inc.
subdued, and are now impoverished, embittered,
and desperate. Is there any man insane enough
TO believe that If these men were placed IN
power they would tax themselves in common
with the people of the United States to pay our
debt or the interest upon it? In moral sense
1t would be impossible for them to do IT, Re-
pudiation would follow inevitably from their
S & qRRy Re SdS e
and that would be the assumption by the Gov.
of the Rebel debt, placing it UPON the
would swell the aggregate to such an extent
that the debt could not be paid at all, aud repu-
0iailon would be the final result. Is any man
insane enough to believe that these men would
voluntarily tax themselves to pay pensions TO
Union soldiers, and to their widows and orphans,
without their own were provided for at the
same time? That would be against human
nature; nat re-, They ei,,o would never provide for
Of the Rebel soldier being placed upon an equal
footing, aud receiving the same bounty and
pension. But while reputation would be the
inevitable result of Democratic success, they do
not say so IN this canvass for that would be uu-
popular. They say 'the national debt must be
paid, but it must be paid in greenbacks." They
were opposed to greenbacks during the war,
when the necessity for them was of the mos,
absolute character; but they are favorable to
them in a time of peace, when the same neces.
sity does not exist. But in what greenbackS do
they propose to make payment? In the old
raneously with the sale Of the bonds, or with
new ones to be now issued for that purpose
Their proposition Is that after the war is over,
Government shall issue new greenbacks in
quantities sufficient to pay the debt. We have
now in circulation three hundred and sxty-fve
millions of these notes. They are overdue and
fixed no time at which to redeem them;
they are consequently under par, aud are
now worth only sixty. eight or sixty-nine cents
on the dollar, That is all we get. or give for
them. But what makes these notes worth as
much as they are? IL is the hope and expecta-
tion that the Government will yet redeem them
will redeem them in gold, according to its
promise. Should the Government make new
issue OF five hundred, thousand, or fifteen
hundred millions, then all hope or expectation
that they will ever be redeemed will pass away,
and they will fall to the ground, like the leaves
in autumn, utterly worthless, as was the fate
French revolution. The people then would
know that the Government never expects to
redeem the notes, and they would soon be
worth less than the paper on which they are
printed. If at this time it is hard tor the Gov
ernment TO get gold enough TO redeem three
hundred and sixty ave millions OF these notes,
how much more difficult would it be to get
gold enough for the redemption OF q thou.
sand, fifteen hundred or two thousand
millions of them! This whole proposition
is a mere swindle that will be felt
first. first by the b0nd6yolders nday and afterwards
immense currency would die. The further inlla.