The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1868-08-12
s II L e C H
OF
JOSIAH M. ESTEP,
CA1IBRIDGE OHIO,
WEDNESDAY, JULY %, '6s
On As~ptiag the D,mpcratic Nemiaattoa
for Congress.

for Congress.
Mn. CHAIRMAN AND GENTLEMEN OF TIE
TuNyRNTIoY:-I thank ynu kindly for the
h1nor conferred upon me ly -his nnmina-
ton, and to the best cf nay Gm6fy | shall
endaavnr to deserve the eonfiie.c ce ynu
have reposed in me. know YOU viii not
exnect me nny, to go iato discussion of
ai the aarstians which interest and agItsta.
an,f ought IN acitate she citizens of this
district and country in this canvass, Blt | !
shall beE leave 10 eet4ip YOU short time
and shall plainly, and without any attemnt !
ut oratory briefly dircusS sn'ne OF them,
trusting ts-snother opportunity for the dis
cnssion ,af others. 4
We ali ser and know that the bEsaHess
Interests Of the country, especially IN, the !
West, ore greatly depressed. our trade Is
diminishing and the price Of sil onr sur
IHus staple productions, such us wool sheep |
&c. constantly falling in price from year t. /
gear; and the man who can support his |
family, pay his heavy taxes, and come out
even at the end Of the year IS Fortunate IN |
deed.
The war has been ever more than thrce
years. The Republican party has had full
control of the Government, made all the
laws, levied the taxes, controlled the hnan-
ces, and expended your money, without
any check whatever. they cannot divide
this respou ibility. And you can all see
that the condition of the country, under
their management has been growing worse
and worse every year. 1t was bad enough
in 1866, worse in 1857, and still worse IN
this year OF our Lord 1868. notwithsta1d-
ing their solemn promises Of TetreDchmcnt
reform and better times. And, as ike
causes produce like effects, we must expect
our condition, under Radical rule, to grow
verse and worse until We are swallowed up
in total bankruptcy and ruin unless a
change is made. One of the great causes
af our present deplorable condition, con
sists in the Republican policy Of managing
our finances-the public debt, ,--ana the
enormous taxes and revenue yearly collects
ed under the pretence of paying it off,
The liduidated debt is in round numbers,
about So, 500, 00O 900. How much the un>
lioNidated debt is, we don't know; but this
alone is large enough This debt was cons
tracted mainly in an inflated currency, worth
on average, not more than fifty cents on the
dollar; and the price of property and the
y business interests Of the country became
regulated and based upon thi7 same inflated
standard. Maay Of these obligations were
made expressly payable in currency. The
interest Of the fve-tBentes was to be paid
in gold, leaving the principal to be paid in
lawful money" or greenbacks. while the
&cn-torties, (only about $500. 900, ,O00l, were
to be paid both principal and interest IN
gold.
The Republican policy is, and has been:
to turn the currency obligations into gold
bearing obligations, contract the currency,
extend the debt from generation to genera
tion free of taxatsen. and make it all paya-
bic in gold. While ereenbacks are to be
legal tender and pay all claims ana all debts
except those of the bordholders, thus es-
tablshing two curreReies gold for the rich.
and paper for the farmer, tie mechanic and
laborer.
They claim that the faith Of the nation
il ''plighted' to this kind of payment
That good faith to our creditors abroad
requires it, as greenbacks are not current II
Europe. Many of their party admit that
by the ''letter Of the law" the fve-twentie;
are payable in greenbacks; but they say
that there was general understanding ant
expectation in the country that they woul'
be paid in gold, which they are pleased t
call the spirit of the law. And the
came near having trouble about the 'lette
and spirit at Chicago. Several, lk
Thadeous Stevens, stood by the '.letter" =
greenbacks, but the great body of Repub
lican managers were for the spirit gold
and tie politicians concluded to make
compromise juggle of it. and say they wout
pay, according to both letter and spirit
And SO their third resolution provides fo
the payment of the public debt
TO all creditors, at home and dbroaC
not only according to the letter, but accord
ing to the spirit of the laws under which
was contracted"
They denounce the Democratic policy {
a "crime," as repudiation. But these d'
nunciations cannot longer deceive the PEI
pie. The New York platform, on the;
questions, is plain and sensible. and th
resolutions of this Convention to-day al
explicit, and must commend themselves
every unprejudiced mind, as honest an
Just, with no faint of reputation ahnl
them. The resolutions Of the New Yor
Convention touching these matters are
follows They demand
f.sThey payment of the public debt {
rapidly as possible; and where the law do'
not expressly provide that the bonds sha
be paid in coin, they ought, in right ar
justice. to be paid in the lawful money
the United States.
Elaal .aaa.ion " - eSs.s apl nalue !;
p[oEel,y, O.rng. aeOonag u bonds n and I othnr % M
Tlaaug o aaa,, GGss'nnisA' .;as 0oAu' anu o'"'i
nc sseS,a'lsT and n,,rroro for tbe ovorn, ont or
o. Ong 'ui,o'o{ .h ~, 'ue ae ,ho
lne people, .ne "uol7r @ .S anu opd;au ehG tbo nv
Jf' sne pghstont. ~ baI aI AZ so''''e' Wy
auTqr Th a,iu III e", Lrown ,s II
hese resotI.,l'ns, popu'as Hnt for tLor I
1e,'it o nat puss' ;us - ond 'en ennalty. al Nv
sIlnss sh ~ hdnnsG 5n au,'se ~ .ib,enp re,nd
nes .; aae .bo boH ,iSaoond a." cr;n,o % of treason
;ro., .5 n,asaa, ~ w., &c tra;tors and renud;otpr
~ ~, .hv ~ ~ oioSS " :, 4 I, VI :.