The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1868-09-24
9aaal FalTf Speech off,
HON 10 JOHN Jfo(]Il n NlyaT'pH77OfF'M!IA4AlN F, J IAN
ia7D ~ ajlfi31 seArpAa ~; ..:ii z .ttofi
| Great hass Meeting ii Bafall.
.REKIEW OF. TIE. .ELNANGES.

i.pR.EsTiIEW OF THE, FIN 4.1&G;ES,
4=Isit9 '--JitiaE ~HET 9di OF Hoi>f7Taob 20
4 On the Sth OF, September one of the
largest Democratic meetings ever held
4 in Buffalo assembled lin that city to
hear the issues of the day discussed
| by the Hon, John 4. II ofman, Demo-
cratic candidate for Governor, of. New
York. The following is a. portienlof
| thef speech deliEered.s After a pun
gent, allusiop to the Radical reeonstfuc-
| ton acts .fors the Southern States, and
other matters of public pelieN[ Mr..
! Hoffman, reviewed theofinancial issues
sof the day, Eas follows: :Ih Ilfit 3 o7g&
/ / have called kouraattention to the
/ fact of the great, fpewer which has
/ been committed TO the, Radicals in
Congress and in control of the Gov
lerpment.f9I Itis notyneeessaryst to say
/ that president Johnson vetoed this or
| that bill, because they were passed
! over his 9yet0es as fast as the YetOes
We're. sent in. N owl with all the re-
i sources of this gaeat country to which
i, have alEeadyealledsi your attention !;
its wealth, its energy, and its emigra-
tion, one would suppose that nby9 this
i time the partFiin power would have
j made our securities, worth at least as
much as lthose,iof New, ,Zealandsc
4 think that even the South Carolina
Legislature could have done that
! Bullet JUS see what is, the market val
tle, Of our securities. i take ltheyquo-
tations,of the, 1st of january, 1861 =
The, $40 bonds ofithe. United States
were then selling at about 70aa that
is, one hundred dollarsein bonds We're
wertl1 seYeRtEIdollars in gold aud a
i fraction over. The bonds of England
pay 8 per cent. for 945I; ours paid. 5 per
cent. in gold Canadian bonds1pa
six per cent. i'll gold, sold for 104 and
New Zealand bonds sold for 107,; Rus
,sia bonds sold for 81; Egyptian bonds
for 50 to, 81; Turkish bonds for. 81 to
SO, and the bonds of the State of Mas
sachusetts,f with all honor for doing it
for she had the, magnanimity, eoHr-
age, and. bounty during the, war to
continue to pay her interest in geld goolldl;7
sold for So to jS7, although 4 they, paid
but five, per cent. interest," The, pre-
mium on gold in the United States at
that time was forty-two per cent; in
Russia fourteen per cent, and in Aus
tria twenty-five per cent. What do
You think Of the capacity of q Con
gress5 which, in three years of, peace,
| with the people paying out their tax
es without grudge, with the, resources
| Of the country uindiminished, if they
had husbaa1nded them and used proper
economy, which kept the securities of
the country at that time at a rate Be
low those of the countries to which l
fiavea called your attention. 1 think
if employed a. clerk who could not
manage private business better than
that, I should say that d change could
hot be for the worse, and I think that
is What YOU would say Nov want
:. to call yoiur attention to the. platform
of the tWE8ooi parties upon the snbjeet ot
the payIIhfendt yIIhfeendt Of the. national debt and
: theta the taxation of Government. bonds
The Democratic platform reads as fol
I lows: lail''i'i'' ., ~ . :
ThirdMPay ayfflent of the public debt
of the United States as rapidly. as
practicable; ali moneys drawn from
the people by taxation except 50 much
as is islfeqdisite for the necessities Of the
Government, economically admins.
tered, being honestly applied to suct
payment, and where the obligations
Of the Government do not ,expressl!
State State UPON their face, III the law undel
which they were issued does not pro
/ vide that they shall. be paid iii coin
: they ought in right and in .justice" t.
Be paid iii the lawful money Of th'
!: TTT1Ytad States, ,'Joiti So Il SG4isti'ii'i5.
+ FFourtfh-Equal taxation of ever.
6 species Of properly Y according t to it
, real value, Including Gfoyernmen
5 bonds and other public securities.
Fiftth-0ne Currency FOR the Gov
t ernment and the people, the lahore
+ and the offiee-holdef,y the pensione
! and the soldier, the producer and tn
!, bondholder. ..AJ MN = .hoIi Z"
s Now this isia plain, frank, honest an
e bold platform, and no man cam qies
6 ton its meaning. If it is light W
d will triumph before the people /: if.
n is wrong, they can say so, for the
" know just what we emean. Cheers
is Nowsletius seeaWhat the other part
J. has said; aiii 15hag -lah; .H0lsriaaf
= Third. goWle1denounee all forms &c
f. f. repitdiation as a national crime,a an
d: the natioaalI 1onofnrequires.the pay
d melit of the public Indebtedness i
,y,I the utmost good faith, toall creditor
s se at home andGabroad, not only, accord
ing to- the iletterabutlthe spirit of th
: laws under which it was contracted.
/ Can, youatell me what the word
le ''Ietter" and "spirit mcan?aaDo yo
M mean gold OF greenbaeks !? Does Ii
St spirit mean gold and the letter greer
2 backs, Or the Letter gold and the, spil
it greenbacks2 CanyoucteI me VIII
ie, the letter means and what the spr
is means? La, voice: "Whisky."S-
te Loud ,cheerst] = One of the audienf
+ says that the, spirit means whisky
&c The letter must mean, then, the he ffaaii ffaaii
To ure. to collect the tax on it,m[Gre'
2, laqghter,]b Now, there are, m men WI
y y feel sensitive on the subject, and ,thel
~ u are, no doubt, men within theJsopr
y ~ of my voice who think ink the bono
~ ought all to be paid in gold. I wal
j to ask my sensitive friend what sec
at rity be has sghd under I that "a lap elspss Of I 4
3, Republican platfor7n;;y I'm ;;y,,,o Out West Y