Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-08-02


those bonds shall be paid just according
/ to the original contract.
A memUer-phe law.
! Mr.. Stevens-Aocording to the law.
/ Mr.. Plke-The spirit and letter Of the
contract.
Mr.. Slevens-What was that law that
| the interest should be paid up TO q GER
| tain time at six per cent. in coin, after
the bonds fell due would be payable 10
money. Just as the gentleman from IL
iinOis understood it, just IS he MIR. Ste
vens) understood it, just as all under
stood it when the law was enacted, just
as il wss explained on the floor a dozen
times by the chairman of the Committee
on WAYS and Means. If he knew that
any party in the country would so for
paying in coin that which was payable
in money, thus enhancing the debt one
half. II he knew there was such plat
form, and such Determination on the
part Of his own party, he would with
Frank Blair vote for the other party. He
would vote for no such swindle on the
taxpayers of the country be would vote
for no such speculation in favor Of the
large boHdholders and millionaires. He
repeated, though it as hard to say II,
that even if Frank Blair stood on the
plstfOrm OF paying according to con-
tract, and if the Republican candidate
stood on the platform Of paying bloated
speeulators twice the amount agreed to
be paid them, and of taxing his coustitu-
ents to death, he would vote for Frank
Blair, even if y worse man than Sey-
mour was on the ticket, he added.
Much excitement and sensation.
On the 22d OF July, Mr.. Garfield, OF
Ohio, closed q speech upon the subject of
the five-tWenties, with these remarks:
have shown that when the original
five-twenty bond bill passed the House
10 1862, all GCh0 referred to the subject
stated that the principal Of those bonds
10GS payable IN gold that the gentleman
from Pennsylvania Mr.. Stevens) so
stated JiUe distinct times, and no men,
Der suggested anything To the contrary
that when in 1868 that gentleman raised
q doubt on the subject, he was promptly
met by the statement OF leading mem
Der of the Committee of Ways aud
Means, that he HeUeT before heard such q
suggestion, and nobody on the Commit
tee OF Ways and Means dreamed Of the
possibility of paying them IN anything
6ltt coin; and finally, from abundant
caution, and because of the doub. thus
raised, the words +" in coin" we're in
serted in the law authorizing the ten
forty bonds, and so far as the record
shows, no other member, either In 1862
or 1868, shared the gentleman's doubt. |
Let it be remembered that / have not
the language Of the law, but
only its history and the construction
placed upon it by those who made it ct |
the time they made it.
Upon which the New York Tribune, |
between whose Editor-in- Chief and Mr.. |
Stevens there is a mutual cordially OF
hate, thus comments:
We print in another column the re-
marks of Mr.. Garfield, of Ohio, in the
House last Wednesday, proving that,
when the Legal Tender act was passed,
md the Five-TweGty bonds authorized,
Nobody dreamed that the principal Of the
after was payable in anything out coin,
while Mr.. Thaddeus Stevens distinctly
md repeatedly asserted that IL lCds SO
,aysble. So did other leading members
4 the Committee Of Ways ana Means.
We urge every one interested in our
,eading contest to cut Mr.. Garfieldis ex-
'ose out and keep il where be can easily
efer to it. There is much honest ignO-
snce current respecting the payment Of
ur National debt, which needs TO be dis
eiled by the exhibition CT documentary :
ruth. We shall have no difficulty on
bis point, if the people are duly en-
ghtened. But every one who gets the
otiOn into his head that il would be
mart to print off two billions OF mis-
allied dollars, shake them in the face Of
ur public creditors, bidding them Take
lese or take nothing :" is on the high
BAD to voting the COppeThesd ticket. ;
he Republican who has determined to !
g s scoundrel is already halfway over ,
, the Democratic camp, as Mr.. Stevens :
gently illustrated. Even were the ]
epublicans kuavish enough to run q ;
ice with the Democrats in Reputation, (
icy would surely be beaten for, If we /
iould propose 10 cheat the bOudholdeTs
II OF half their honest due, the Demo- .
ats would cut under and beat US by +
opposing not to pay at all. Honesty \
I'd policy unite, therefore, IN requiring I
at We should stand firm for the public
ith. n
No one with impunity provokes the I,
tired of people, any more than the il
ger Of the Gods. In the concentrated P
tie OF the oppressed there is mystic (
'us power to punish the oppressor and a
e tyrant, Of what nature no one knows a
t it smites like the lightning or kills
Re the inexplicable pestilence that
ming frem the Orient avepges Asia by
its Oppressor, Europe. The
rants die OF mysterious diseases, or q
ey are hurled fcom power by unseen *
encies that embOdy the venom of hate 8
d the irresistible energy Of revenge. n
detested and smitten by the ~
,mesis of Retribution, has fallen. a s.
e fate or worse one awaits others re
10 have heaped insults and injuries on is
? South. No human hands need do -
: work Of memorable justice on the ii
'lefactors. The hatred of whole peo- dc
is the aYenging wrath of the Gods. al