The Hickman courier., 1868-08-01

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4 pkIrED srA1Es Bo.
4 And when We ask tho rsasS
answered by the decl<rftion Of -
j publican Convention st chicago tht
! bonds must be paid in gold. accord
! TO the letter aud spirit VI the eontrS
by the declaration Of is >Prssident/
; the debt Of the bcndholtlef is s< ss~ 4
the grave Of the sVldior &c
YAYMEsT IN LLGAi. .rySpER
l deny that il is ac.vrding either
the spirit or to the letter of ths ccnsr
under which the ise-twei1ty bonds W
sold. 1 say that neither the spirit q
the letter Of the Law under With u
bonds we're issued, nor GOOD faith, I
good morals, nor exact justice 20 ,
LoDdholder, require that they should
paid in gold. TheJ are rsysbls in le
tcnder. and in this opinionl am sustg
ed BY tie resolufion o. the Detnocr
Contention IN New iork which deels
that where the obllFY'S = Gaf b
nent do not err L3A - -
| United sss.s.,uu - IL. ~--t
When the legal tens wast
the private indebfedness @bf the cod
amounted 70 very large sum. 1t
contracted 70 be paid in gold, bns W.
fact discharged in paper, The pfJ
necessity was alleged 70 be sufficient
son for this wholesale con6scstion.
there DO public necessity now 10 dsn
they payment Of the bonds in the lal
which was paid for them2 e sA.l
POLICY or TIE REPEBIdcAs PAR
The policy of the Republican par
70 pay all these bonds in gold; to
vert all the currency now outstandi.
and all the indebtedness Of ths6 &taite!
States into these bonds; 90 pave
in gold for this enormo as aIno
ever il may be, and 70 extend u -
within which the bonds shall be pan
the meantime the bonds are 70 be x
from taxation, and the intereHt 10 t5v
paid semi-annually, in gold What
amount of indebtedness uD@' that ~
tenn can finally be shown CO, s5s IcsBn0
say; $4,000, 100000 eEo, eaa nov
Less than that it cerxSFsly 80 = hJ
The interest upon thAf sum will be -
600, 900 in gold, sad this amount
be drawn annuity from the people
the country, 9sriDg all your lives. am
the lives ofyour youngest childreu, ii
order TO c1try out the dogmas of the ~
publicsz party set aea
/lHE pExocRATIc PosrrIoN.t Z
The Democratic party upon this al T.
ton has given forth no uncertain sou36
II declares that the debt shall not bel
tended, but mnst De paid as rapidly Al
possible; all The money collected from
the people shall not be rquan9ered OF
Freedmens Bureaus and standing ar
mics, but shall be applied 10 the pay
nlent Of THE debt and the reduction o
the interest il declares that the fSe
twenty bonds shall be paid IN legal ten
der, and until they be paid, thsy shall u
subjected to the same rate Of taxs,ion A
all other property. Ii declares ther'
shall be one currency for the governntb .
and the people; for the laborer and oihre
hsldaEs-tlAs. f->zasis,nar- and. slie~ ecl1inr
the freedman and the bendholder. ps,
rHE DEMOCRATIC PLAN DEMoSsTRArkp
And how soon is it practicable to psJ
THE debt? Three hundred spd thirt,
millions Of bonds are held in the Treas
ury Department as security for the ma
tionai bank circulation Redeem them
the very instant you have the option "a
do so, with legal tender notes, and lei
them supply the place Of the bank r :
per. This measure alone. with very u
tie imitation Of the currency; and VI
put any addition TO the taxatiop; "
iuce the debt and save the tweap
ions of dollars in gold snnnslly,A
IRE Vow paid as q bonus to the q.
Five undred million doilars o
irst issueSot .hre-twenties are alI
'r will this asar be payacle at thu
ion of the gclernment, Redeem
liso in legal teHHsr notes. Whs
hese notes come spm? asks sonIt
Stop this contraction at the TEsaa
,artmeni; reverse itsss9NT \
liability to the money A>d' ns6T
understood that fortuDes<s 4 sao,A.
he whiD OF any Secretsi,.l @nd 4
vili revive and business will become
i've. Iuvestrnents will be mads<
ate Of taxation will yield lsrg1
urn and these notes win fow ind
Let economy be 49,
ct corruption be banishcd; ifilst
ion Of public funds be punisk "A
rmy be reduced; the FreedmA~a.
eau broken up; the impoyerishmen
be South cease, aud notes will be
ant.
,sA sak EXPANSIONS ~ slzi1
But, gentlemen, if these measure
ot supply funds, spesking for q.
would expand the currency; 4 =
orrect the evils which have beer
uced by such extraordinary and u
edeuted contraction. The busins
be country has Become adjusted
lrger volume Of currency than wa
ave. The demands ofssk1p SeXfl
Vest require grsr.,- bar
sncy. They are asxgsrs-
I'd are willing TO ten
er cent Daring e. -RSk E-0y
arrency wzs az its largest snounf
,uched 29O Per cent, and yet upos
of peace, when the SDu
~ she had
ith 1O,0O0,O00 Of psopls. who
cen shut out from the use Of opr
'ncy, ready to strsin every.n .nerse
air the wastes Of wsr--was openf
lr business, gold stood only At
on over 1873