The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-09

Five-Twenty law of June 30, 1864, pro-
vide expressly that the interest shall be
payable in coin, but are silent as to the princi-
pal. Chase's and McCulloch's views are
only opinions of individuals, Butler is
right-a Secretary of the Treasury's
opinion is not an act of Congress. [Ap-
plause.] Legal-tenders were issued un-
der three acts: that of February 25,
1862; of July II, 1862; and March 8,
1868. On the back of the bills of the
first issue will be found the words !:
&" This note IS legal tender for all debts,
public and private, except for duties on i'm
ports and interest ON the public debt, and is
erchangeable for United States sic per cent.
taDenty-year bonds, redeernable at the plea
sure of the United States after fve years."
These facts are stubborn arguments. The
country is being ruined, merchants failing,
banks stopping-all to let McCulloch's
friends out of their long or short stocks,
as the case may be. [Applause.l On the
back Of the bills of the second issue we
find the following language, which is even
clearer and stronger: "Ihis note is legal
tender for all debts, public and priuute, er-
cept duties on imports and interest on the
public debt, and is receivable in payment OF
ALL LOANS made to the United States"
That settles the question that Butler and
those who voted with him have fact, truth,
and the honor Of the nation, on the side Of
the silver-spoon combination. Laughter
and applause Greenbacks mean pros
perity. Specie payment means adversely.
[Applause.l
BOSTON NOT THE HUB.
New England and New York don't rule
this people to-day; we have 100000 in
the West who swear they will save the ma
tional debt from reputation by voting for
greenbacks. [Applause.l Free trade and
specie payments mean New England and
Alabama claims unpaid, and American
citizens dying in English jails. Loud
Kisses against Adams.l Greenbacks mean
high wages for poor men-American in
dustry and no more hard times. [Ap-
plause.]
THE REPUBLICAN.
An American newspaper is about being
published in New York. Its name ex-
presses it's views. The Republican. This
Short paragraph explains its mission
Financial and commercial America ver-
sus Europe-gold, like our cotton, for sale.
Greenbacks for money. [Applause.] An
American system Of finance. American
products and labor free. Foreign manu-
factures prohibited. [Applause.] Open
doors to artisans and immigrants. Allan
tic and Pacific oceans for American steam
ships and shipping. New York the financial
centre of the world. Wall street emancipa-
ted from Bank of England, or American
cash for American bills. Applause. The
credit .foncier and credit mobilier system, or
capital mobolized to resuscitate the South
and our mining interests, and to people
the country from ocean to ocean, from
Omaha to San Francisco. [Cheers.] More
organized labor, more cotton, more gold
and silver bullion, to sell foreigners at the
highest prices. Ten millions Of natural
lied citizens demand penny ocean post
age to strengthen the brotherhood of labor.
Loud cheers.1 If Congress vote one
hundred and twenty-five millions for a
standing army and freedmen's bureau
for the blacks, cannot they spare one
million for the whites Loud and con-
tinued cheers.] Many think that green
backs mean epudiation-giving French
assignats, Confederate debt, and CONT
mental money, as examples. There is no
analogy. Those debts and those times had
no commerce-no agriculture-no manu-
factures-no trade back of them. We
have. Give US fifteen years free from taxes
and foreign imports, with the export Oft
cotton, and sixty millions of people would
pay off the whole debt as donation.
Loud applause.] Greeley yelled out "On
to Richmond "-we blindly plunged in and
got Bull Run. He now shrieks, "On to
specie payments" to give another Bull
Run. [Sensation. But military Bull Run
and financial Bull Run are two distinct
things. Panic now would throw back the
nation ten years. [Applause.l What is
more disgusting than to see these editors,
whr could not run bank, build factory,
launch a steamboat, stow a ship, or con-
struct railway, have the impudence to
instruct the nation on finance. Laughter
and applause.] Who wants Adam Smith,
Bastier, or John Stuart Mill, flung at them
when the finance ship is in the breakers !?
[Sensation and applause.l The Re0olu-
ton newspaper will wake up some of
these dead editors into the present century
with an American system of finance.
[Applause.] AS they borrow all their
ideas from England, why not borrow their
facts. European revolution followed our
war of 1776-'S3, as European revolution
will follow our war of 1S6l-'67. Pitts
greenback months order in council in
1897 lasted twenty years. Can we re-
sumo in as many months? MOL Ala
bama bondholders after the battle of
Waterloo QSl5) yelled for specie as our
Alabama bondholders, through Edmunds,
Morrill,, Banks, and Eliot, are yelling now ;
Parliament yielded. Gold rose to 40 per
cent, and three thousand bankrupts were
in the gazette that year QSl6) sensation,
and the starving people rose en- naaSSe, and
specie payment was again postponed.
McCulloch is doing the same thing here
forcing bankruptcy and starving the peo-
pie. [Shame.]
NO STATESMEN AT WASHINGTON.
There are no statemen at Washington.
What do three-and- -six-penny lawyers know
about national finance? Sensation and
laughter.l When England succeeded in
forcing specie payment in 1925, universal
ruin was the result to the poor, and
palaces and pheasants for the rich. Zap
plause.1 McCulloch is bad Minister to
starve the poor at the expense of the rich.
[Shame.]
Mr.. Train was nominated by acclama-
tion for the Presidency, and was congratu-
lated by the brokers on his wide-awake
speech. Some stocks went up about one
per cent. after he had finished, and he was