The Conservative. (M'connelsville, Ohio) 1866-1871, 1868-08-27
$500 A YEAR.


fcherrs and the bondhOlder 70 re
ceiving, and paying nothing. Wo
hold that the public debt should be
paid by every man according to his
property.
introduced n resolution, as some
of you k0nw, declaring that,
"WnEREAs, The public debt should
be ysid in good faith, according to
the terms OF the contract there
fore,
"ReSolUed, That the pub ic faith
does not require that tho tive-twen-
ty bonds should be paid in gold, but
should bo paid in the same currency
with which tho soldiers woro paid
who fought the battles of the war
in the same surrcocy that the wild
ows and orphans of our fallen he
ro0s receive for their pcnsions--in
the same muEey in which the labor
ers receive Tor their daily toll, md
the same that Is used IN business
transactions and l did not believe,
nor DO believe now, that when tho
widow Of tho poor soldier goes TO
draw her pension, sho shall receive
from tho treasury dollar that will
buy her bushel Of potatoes, while
the boudhold receives n dollar that
will buy him bushel and half.
[Checrsl
What became Of my resolution?
1t was referred TO the Committee on
Ways and Means, ana buried up
thorc, but not 80 remain there for
they reported bill in favor of pay
ing tho bonds in thirty or forty
years, principal and interest paya-
bio in gold, and to be exempt from
taxation. We passed it tho last
hour Of tho session, and If Andrew
Johnson don't deserve credit for
any thing else, he deserves the
thanks 9i tho American people for
putting the internal thing IN his
breoches' pocket Applause. The
distinct proposition was that these
five-twenty bonds, now payable in
greenbnclSs, should, on convention,
be payable in gold, principal and
interest, and that for thirty or forty
years the to,ling millions of this
country should be subjected TO pay
ing this principal and interest in
gold, and the bondhoider should
not pay ono single farthing, for 1t
was cardinal principle Of this
funding bill, my countrymon, that
the bonds should be forever sxompt
from taxation, State and natioual.-
l never have, and God and the peo-
plo being my helper, never will
vote, for the issuing of any bond for
the governmt mt OF the Unit,d States
that shall not be subject to tho same
taxation as other property. Cheers !
so You und erstand me disunctly Oh
thnt proposition. / Say it distinctly
here and now, and the reporters
may take 1t on record if they Will,
that if the bundbolders through
their representatives in Congress
shall ever got law passed providing
that the principal and interest of
the five.twenty bonds shall be paid
IN gold and that, too, without being
subject to taxation, ! am u repudiR-
tor. [Chcers. ] lsay, pay 1t tc the
last iarthing, If it takes tho last
shirt on my back and yours. L
know that the working mon are IN
favor of preserving the honor and
integrity of this Republic, just as
they preserved it when tho flag OF
our country was assaulted, just as
thuy are ever ready 10 fly to the bait
Ito field whom the interests Of our
common country den. and IL. They
arc ready to do it, and thoy Will de-
mand Of the man who has his solf.
love that he shall pay his share C
the bill, [Chcora.l
My couhtrymen, h,ve boeh look
ing into this subject little, and /
say here, as my deliberate judgment
that the productive industries of
this people can never pay this debs
principal and interest In gold,
without being slaves, you and your
children, forever. How is business
prostrated nowS Everything is at
dead stand no manufactures are
being built ; no public enterprises
being engaged IN no houses being
built for poOY men to live in; and
Why2 Because the Government is
paying greater. interest than you
can afford.
Mr.. Cary here discussed the ques-
tiOn Of rents and the burdens OF tho
poor, AFTER the manners Of his cam
pargn speeches made last fall, and
continued !;
In my bill l propose TO call
= in The circulation OF the National
Banks, or $500, 100000 of National
Bark paper. The Government 10
paying an interest on that while tho
peoples money, tho greonbaeks, are
better than they are; and tho Ma
I :pORal Banks have deposited $780,
, 600, 600 Of bonds, and are drawing
I SIX per cent, in gold, A number Of
, gentlemen in CINCINNATI can band
: together and establish u bank, and
+, deposit with the Government $780,
600, and the Government givos them
D back S90,000,O00 10 speculate on.
. Now | propose to clean oSt these
1 National Banks and put grcenbscks
o in their place, lApplauso.l That's
: " saving to the people of twenty five
o millions in .axos. Again. propose
o TO pay off the fvo hundred and bf'
!, teen millions Of FIVE twenty bonds