The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-06-29

Il
Governor Seymours Speech VA
tional Conven ton. .5i,, j
Gov.rnor Ssysoun. ss so much Of o states
man that he is entirely uniike sHAk-
spEAsk,s scurvy politician, = who seems Ger 81
to see the things lie sees not.p Hisspeeehin
New York city the other night is . produc-
ton Of which any man might be proud. 1t
was delivered just before the time for the
meeting Of The National Convention Of his
own party, and therefore he would have been
held excusable if he had failed to indicate
the issues which that Convention ought to
make before the people. If there is one
question Of which, above all others, the
mere politicians Of the country are afraid ll.
1. Is that as to the expediency Of paying
off the Sve-twenties with greeneacke.
The Radical politicians and the De
mocratio politicians = by which we
mean, of course, men prominent
enough to be thought Of in connection
with seats in Congress, or with even higher
honors-have alike spoken as oracles when
consulted upon this question. Governor
SEYMOUR has no concealments. He declares
1--WE quote the Worlds, not his language
that pavment of the bonds in greenbacSS
would lower the national credit still fur
Their that if greehbacks were brought up
to par, there would be no difficulty in get
ting new loans at four per cent, which
would be equivalent to reducing the fifteen
hundred millions Of fve-twenty bonds TO
thousand millions that the annual inte-
rest on that part of the debt, instead OF be-
ing ninety millions, as at present, would be
only sixty Millions greater saving than
could be made by paying the fve-twenties
in greenbacks; that the collateral advan-
tages of bringing our paper currency to
par would be infinitely greater than the
saving of interest on the public debt :;
that every dollar paid out by the savings
banks to their depositors would be
a real dollar, and the resources Of the
laboring classes in sickness and old age
would be correspondingly increased; that
the money paid to our farmers for their
crops would be real money, and would pur-
chase nearly twice as much of everything
which farmer has occasion to buy; that
the business of the country would be put
on sound basis; people mourning debts
would know what they would have to pay
the mercantile community would not have
to charge exorbitant profits to cover the
risks and, losses which attend deprecated
currency :
This sounds like business. We have
never been silly enough to suppose that the
northern people could afford to food the
country with greenbacks for the purpose OF
getting rid of an annual tax of hundred
millions of dollars, when they are paying
double that sum merely to carry on the Go
vernment. We have seen and felt too many
of the Inconvenience Of deprecated cur
rency to desire any further experience IN
that line. 1t is as clearly and as easily de-
monstrable as the forty-seventh problem OF
EUCLID that to increase the volume OF the
currency to IN extent that will Cause 1t to
depreciate is to cut down the wages of the
mechanic, the rents of the landlord, the IN
come of the widow and orphan from their
bonds, the salary of the clerk, and the daily
pay of laborers, in the same proportion. 1t
is as plainly impossible for nation to steal
from itself in this manner as 1t Is for man
to lift himself from the ground by the seat
of his trowsers. But we of the South are
in peculiar situation as respects this
national debt. There is 80 little OF
it held among US that almost oil the
money we contribute towards paying in
terest upon the debt is taken out Of our
community aHa carried into another,
thereby deprivirg US of its use and impoVer-
fishing us by what in Ireland is called lab
senteeism that is, the spending of money
in one region which is collected in another.
So that we might possibly gain by either
reputation or depreciation, if by either
measure we could rid ourselves of the curse
of paying taxes to be spent in another COM
munity. We, therefore, may consistently
support for;the Presidency either hard
money or greenback candidate. The one
would represent policy which would ben
eft us in one way the other policy
which would benefit us in another way.
The one would relieve us Of foreign taxa
ton; the other would benefit us by in
creasing the value Of the circulating me-
dunn.
Governor SEYMOUR spoke equally as for
chilly upon the negro question. We regard
his speech as an indication that the New
York Convention will bring out white
mans candidate upon white mans plat
form. He denounced the Radical recon
struction measures in the strongest terms.
In word, Governor SEYMoUR's speech
holds out to us Of the South the hope that
we are not to be deserted in this our hour Of
need, but that the friends Of republican
government in the northern States will
rally under the banner of q candidate who
will demand return to the true principles
of the Constitution. ~aas as4ss
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The Mississippi Elections.
We give below two accounts. One is
from the people. direct. The other is from
the military officer who lis in charge of the