Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-07-22

thua 10 dimiaish ssiil lusahss H. Aneaas sf
interess. and consequently the taxes. II,
then. the currency were found redundant,
syadual contraction could be sdectsd, and
g Il would come when the debt had been
paid-whep The necessity for large sums Of
money on the part Of the govsrnment bad
paeesd sway-when taxes were low. It could
be accomplished without tho oppression and
dissster which now attends IL.
rsasoxAL POSITION TOWARD fnB BoNpBoLp-
Bas A. GLAZE
have been represented ~ inimicsl 10 the
bondholder. Gentlemen, you shall judge
ma. | am hos tile 10 no class or interest in
the country. / simply desire to be Just
lust to the bsndholder 70 The people.
I would live mp, with scrupulous fidelity, to
the terms Of our contracts. would pay
the interest Of the 6ve-twentiss in gold, be-
cause the government has pseoissd 70 Dc
%. would pay both Sriasipal and issessse
Of the ten fertiss in geld, because The govern
msnt has promised 70 de %. I weuld pay
the prineipsl Of he Asetwsnties II lecel-
tender notes, because the bondholder sgrssd
l. receive them 10 payment; and. ~ I
would not rspudiate an hensst bAsgain 70
msks money for the people. % will I not
sspudiats An honest bargain to make mon.
ey for the public creditor.
ALLEGED CoysEQUsxCss eoHsIDB1sD.
It has been said that this policy will give
Us . deprecated currency. think mot.
| think on the contrary, that just - the
public debt 10 in this way discharged, will
the certainty Of ito ultimate redemption BE-
came more apparent, and IL value BE- stead.
ily increased. These beads opsrats - .
mortgage upon the psoperty and labor Of
the country. Thsre are o.. 0O0. 600 900 Of
them. Psy 81 thsss 49,06o, 81. 900, and
will not the lsgal.tsndss nesse b just in
that proportion more vsluable;
But again: Give to these notes the &c.
knewlsdgsd, undoubtsd capacity - pay
these bsads, v pay III public sbligsAiess.
and they immediately increase in value.
kssW sbs evils Of deprecated currency
Wsbsees DESERVED them. ! would net I'D
Ia dsprsciating our currency; fought
against Il whom it vAs proposed by the L.
BARTENDER act my warning was not heed
I'd. But since II hes bssn accomplished
since the debt VS. contracted in legal ten
dsr--dsee II slay lawfully md hsnessly b
paid in legal-tendsf-I % 10 favor Of con.
Sinuing il until " On scare 10 the people.
whe have already suffered I'll the evil.
whatever good may b. extracted from the
~ stem. ~ ~
RKcAPlruLATlon AND APPEAL
But, gentlemen, dstain yeu TOO long.
have sought y bring u sharp contrast the
two parties and thsir respective principles.
"Choose - between thsm." It 10 stRug.
Gle bsawsss law aad force constitution
and revolution; order end ansechy purity
and corruption; economy and sxtSasseanss;
civil government aud whatever comes aftsI
ito ever throw ;iatsllset. cslsivatiss, u.
psrisnce. capacity for governusnt, and
but fofbss5-ss- sAsstst sriss, ''Gs on
let il oct" las I svill pus ny enc wesd ID
disparagsmsnt. Of ths chosen leader Of Z
great party q my csuntsymsu. This j.
the supreme struggle for the mastssy b
these ss1asine And opposing lbrss. Chees(
wisely between them. Work earnestly 70,
your choice, and % the day q election ia
November, the Amsriesn people can b
congratulated fog The achlsssnsns q {
victory for their constitutions the achieve
msnt Of . prosperity and happinsss which
can only be seeured b. the enjoyment o.
liberty rsgulatea By Lev. and Of Law isspir
cd By the genius Of virtusus liberty. In
mense and prolonged shssriDg.l