The Conservative. (M'connelsville, Ohio) 1866-1871, 1868-07-23
$500 A YEAR.

- lLAs41Iilft y ll.l.l-a
been, with 10000, 600 Of people, who
had been shut out from the use OF
our currency, ready to strain overy
nerve 10 repair the wastes Of war
was open to our business, gold STOOD
only at a fraction over 1913.
The system Of contraction was
Immediately commenced, and with
a currency Of at least two hundrel
millions less than u wac then,
Gold stands to day Mt 14l. Tho val
TIC OF the currency then was not too
large for the demands of the 6usi-
ness Of the country. | don Z believe
that 1t would be necessary or adyis,
able TO expand the currency TO that
extent, but it il should prove TO
DO go, l would not hesitate to re-
store the currency 10 the amount
at which it stood when gold touched
l28. tell you, gcntlemon, If this
were done, u would bo as grateful
to you and to tho people Of the
Wost and Sputh as tho dcws OF
heaven TO the paTched earth; as the
ouais and mamma which God in bis
mercy vouchsafed TO tie children OF
Israel in :he wilderness. BY these
two measul cs alone your dobt would
be reduced S930,000, 900, and tho
interest would be reduced moEe thnn
80, 700, 900 in gold annually, and the
accruing revenue would enable you,
without further expansion, TO pay
off the residue OF the five-twcntios
us they mature, and thus TO dimiL-
ish still farther the amount. Of in
tercst, anu Consequently the taxos.
II, then, tho currency were found
redundant, gradual contraction
could bo effected, and as il would
come when the debt had boen paid
when the necessity for largo sums
OF money on the part Of the Govern
nent had passed away-when taxes
were low 1t could be accomplished
without the oppression and disaster
which now attend il.
| have been represented rs min
icpl to the bondholdcr. Gentlemen
You shall Judge mo. l am hostile
TO no class or intcres, IN the country.
/ SIMPLY desire to be just-just TO
the bondholdor-just " the people.
l would 1--we up, with scrupulous q
delty, 10 the terms Of she five.
twentlcs IN gold, because the Gov
ernment has promised to do So l
would pay both principal and into.-
eet Of tho tcn.fortles in gold, because
the Government has promised u d.
30. l would pay the principle OF
the hve-twen,ios in loga..nOtcs, be-
cause the bondholdors agreed 70 tes
cclvc them in payment and ~ |
would not rcpudlatC AN houtjt bar
gain to mako money Tor the pac.
| pie, 50 | will not repudiato Gn Eou-
est bargain to mako money for tls
public creditor.
II has been said that thls po,igy
will give us a ucproclatod currency.
/ thNk not. | think, on the con-
trary, that just rs the public debt is
IN this way discharged; will tho GER
tanty OF its ultimate redemption
become more apIrcnt, aud it's valuo
bo STEADILY increased. These
bonds operate as n mortgage upon
tho properly und Labor OF tho cOdns
try. There are two thousand nil
lions )f them. Pay these two thou
sand millions, and will not tho lega.
tcndor notes bo Just in that propor-
zion moro valuable?
But again give to these notes
tho acknowledged undoubtod Ca-
pacity to pay these bonds to pay
all public obligations and they i'm.
medatly increase in value.
know tho evils Of deprecated curs
roncy Webster described them. i
would nol aid in dcpreciatng our
currency / fought against it when
it vas proposed by the Legal.tendor
act my warning was not heedod.
But since it has boon accomplished
since tho debt was
contracted in legal-tender
since 1t may be lawfully and hon.
ostly paid iE legal-tender-I am IN
favor Of continuing it until wo can
secure to the people, who have al
ready suffered all the evil, whatev-
er good may be extracted from tho
systom.
But, gentlemen, dctain You too
long. / have sought 10 bring in
sharp contrast the two parties and
their respective principles. Choose
/ ye between tLom! IL IL a struggle
between law and force; Constitution
and revolution order and anarchy;
purity and corruption; economy and
extavagance civil Government,
aud whatever comes after il overs
throw intellect, cultivation exper-
ience, capacity for government,
and-Eut | forbear-as---T Tcheers;
cries, "Go on; let IL OUT las l will
not say one word in disparagement
of the chosen leader Of great party
of my cOun:rymen. This is the gu.
preme struggle for the mastery by
these enduring and opposing forces,
Choose wisely between them. works
earnestly for your choice, ana on,
the day of the election in Novem-
Der the American people can be con-
graduated tor the achievement of a
victory for their Constitution-tho
achievement ofa prosperity and
happiness which can only be secur-
cd by the enjoyment Of liberty reg
ulated by law, aud of law iHspired
bV the comma OF virtuOna lihastxy