American citizen. [volume] (Canton, Miss.) 1864-1890, 1868-08-01
TERMS-Four Dollars per annum.

alone your debt would be reduced
| $3.50 ,0O0, 900, and the interest would
| be reduced more than so, ,0OO,0 900 in
gold, annually, and the acTuIng
revenue would enable you, without
further expansion, TO pay OIL the
residue of the tive-twentieS as they
mature, and thus to diminish still
further the amount Of interest, and
consequently the taxes. If, then,
/ the currency were found redundant,
gradual contraction could be effected,
aud as Il would come when the debt
had beer paid when the necessity
for largesums Of money on the part
Ofthe Gov ernmcnt had passed away
when taxes were low, ii could be as
complished without the oppression
and disaster which now attend it.
Per-osaI 4 Eo-ition' toward Ihr BondhoId-
or ns IA Glass.
have been re!.reSeptetl us inimical
to the hOudholdcrs. Gentlemen, you
shall Judge me. ! an hostile to no
class OF interest i'll the country. ]
simply desire to be juSt-iust to the
boudholdcrS-iu<t to tbea people. /
would live up. with scrupulOus fdelit
tN, to the terms of our contracts. ]
would pay the interest OF the Eve
twcuticS in gold, because the Gov
crumept has promised to do so. i
woald pay both p,GHcpGt and interest
of the teniOrtics in gold, because the
Government has promised to DO so.
| would pay the principal of the five
twrmt'cs a. icqci irHdcr notes. because
the bopJhUIders agreed to receive
them in payment, aud ag | would
not repudiate an honest bargain to
make n,1nrF for the people, 50 will I
not rCpudiate an honest bargain to
make money Tor tho public creditor.
Alleged Consequence Cor.idrrod.
1t has been said that this policy
will give us q deprecated currency.
think not, think, OF the contrary
that Just as the public debt is i'll thfs
way discharged will the certainty Of
its ultimate redemption become more
apparent, and Its value be steadily
increased. These bonds operate as
q mortgage upon the property and
IHhpr pt The country. There are two
thousand millions of them. Pay Oft
these two thousand millions, and will
not the legal tender notes be Just III
that proportion more valuable
But again: give to these notes the
acknowledged undoubted capacity
to pax these bonds to pay all pub
lie Obligations. and they Immediate
ly increase III value. | know the
evils Of Il deprecated currency;
Webster described them. | would
not aid.iudcpreciating our currency:
| fought against il when it WAS pro
posed by the legal tender art; my
warning wasnot hrpded. But since
it has'heen accompliShed-since the
debt was contracted in legal tender
am in favor or continuing it until
we can secure to the people, WHO
have already suffered all the eyiE
whatever good may be extracted
from the system.
pitmIntiOn and NypcaI '
But, gentlemen, ! detajn yoU too
long. have sought to bring in sharp
contrast the two parties and their re-
Spectiye principles. " thooSe Ne he
tween them" 1t IS struggle be-
tween law and force; Constitution
and revolution; order and anarchy;
purity and corruption economy and
,xtravagancr civil government and
whatever comes after Its overthrow;
Intellect, cul iyation. experience, ca.
Dacity for government, and-but L
urboaT-as-r cheers: cries, "Cfo on;
ct 1t ont" as / will not say one word
a drsparagcmout ot'the chosen lead
,r CfR great party Of my countrymen.
lhis is the,Suprcmc struggle for the
mastery by thaSe enduring and op-
,oSing forces. Choose wisely between.
,Acm. Work earnestly for our choice,
md on the day'of election il Novcm-
Der the American people can he con
graduated on the achievement of
-ictorv for then ConstitutiOn-the
of IL prosperity and lap
,incSS which can only be secured
~ the enjoyment of liberty regulated
" law, and of law inspired 10y the
senius of virtuonS liberty I'M
nenSc md prolonged cheering