The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-10-29
LeHngwen and Smyth.

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II @T LeffingweH and Smyth. .sa g7
J. According to appointment, the Re
publican and Democratic candidates for
Representative In Congress from this
| District, Messrs. Smyth and LetfiDgwell.
met OH Monday laet ut the Court House
fin Upton, to hold joint discussion upon
the political issues Of the present canl-4
ispaign. 9 "a tt s4gtsrs3g a.t1 @*44N 81 ss-7ss
/ The attendance! was good, the Court
room being densely packed more than 4
half hour before tho time appointed for
ItlIe speaking tn comm si,ce. Republicans
liwere present in about equal plumbers.
t Mr., Rob't Cover was chosen moderator
on behalf Of the former, and Mr.. b. f.
Pawling, of the latter. rr aasds IT, 5ts
/ Col. Smyth having the opening speech
addressed the waiting audience at ?
o'clock. He stated, prelimiDarily, that
! - he entieavored, to the extent of his
ability, to- sustain all the principles
s;;;iiioiist-a by ii'e Republican platform,
lie shoald be compelled sometimes du-
ring hisremarks, to aliude to the ques-
, tons rising out of Congressional recpn-
suruction, even although Judge Lufling-
well affected to consider them dead
issues, and utterly refused to join with
him ia their discussion. lie then ehter-
ed at once upon the consideration 0fIthe
! plank i'm the Judges Platform, which
proposes to- retire thp National Bank
note circulation aud I'll its place. with
greenbacks. Although the plapk was
. rejected in the Tammany. convention as
rotten and unsonnd, Judge L. has devo-
. ted much of h IL time and talent during
this canvass to its vindicatiAn. Col.
! Smyth declared himself opposed to it
/. from several reasons: lst. Such . Vital
! change in the kind and volume Of cur
rency would unsettle and cripple bust
ness Of all kinds. ID, It lisa proposition
to blot out of existence the National
Banks, which are certainly better than
the stump-tail and wild cat concerns
known tn our previous monetary history.
81. II i, outright violation of the
agreement of the Government with
these banks-a violent Withdrawal on
the part of the Government, OF rights
aud privileges which cannot legally be
withdrawn go long as banks fulfill their
part of the contract. 18th. In order to
supply the place of National Bank notes
obliged to exceed the limit set by law for
the maximum amount Of these green
, bacEs-the amount now in circulation
/ only being Sii ,Ooo,Uo0 less than the
: greatest amount allowed by law-thus
violating another of its own promises
5th. The increase of the volume of eur
rcncy incident to the clange-the banks
only have a circulation equal to 80 per
cent. of the bonds deposited with the
Tr5 asurer, and paying greenbacks for
these bonds would ut once increase the
currency the marginal l0percent., equal
to $50, 0o)Oo0, to which add the reserve
fund of Slsg,00D 900, which would be
liberated, and the increase would be
's2io, 9o9, 00)..-s DID,. sn
Col. '5myth next took up the scheme
, ofpaying the bonded debt in greenbacks
, so fast as the Government may acquire
, the right to do so. We will not attempt
70 follow him7tlrouga his treatment of
this subject, which was both able and
exhaustive. He found cogcnt arguments
against such a plan, both from eeonomi
Zeal considerations and from facts Of his.
, tory, law and juslice. 7tssE
, After spendinga few minutes in show
ing, mostly from Democratic authority
Sec. McColiough's reports, that the Ma
tional banks actually pay more in taxes
than they receive in interest upon their
bonds, allowing for the difference be-
ftwee,, gold ind paper, the speaker pro-
ecceded to pay his compliments to the
plank in the Democratic platform which
= demands, "Equai taxation for every
: species Of property according to the val
We He showed that the result Of this
b grand cqualizationt?) would be to tax
) farming interests $3.50, O0o, 900 in order to
: get $1,000, 900 out Of the bond holders.
just here the speaker was informed by
, the Moderatnrs that his hour had expir-
> ell, and took Ibis seat amid handsome
around of applause. . sa4h .u..a.
= J;riE IEri'fNGwRLL Jt4s.s7
came forward, and was greeted with
y hearty amt prolonged cheers from his
friends in I'll parts Of the house. s.g
We do not propose to attempt giving
an abstract efhis speech Of an hour an d
"a half, wi,itir followed, although ample
F'n3tes were tuken forthat purpose. We
can hardly say too much for ii rs All ora
1 torical display, nor too little as a fair and
eargumentative effort. ~ Pie Judge. seem
cd TO have a much greater care as to
wflat he should not say, than anything
else. ""tjlbtto9 i.ias.a sat q neijr'
'''' st the outsetsIe tated that he7dlid re-
: fuse to discuss any qnealiolis Of recon-
7 stivfctfo. hcs.anse TWAS something over
Which neither Coi. s'mytll dr himself
could have any Influence, even is Com
observation-disclosures it had passed beyond
legislative interference; and could now