New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-08-18
vALLANDIGHAM on TIE DEBT.

iOyed IL intensely and we doubt not 80 uu hunuiouS
VALLANDIGHAM on TIE DEBT
In a recent speech at Fort Wayne, Ind, Mr.
vaIand CHAM cnunciated the following yiewso
THE PUBLIC DEBT.
Having disposed Of these preliminary subjects, az.
dress myself directly TO one or more OF the issues IN
which you concerned I'm 1865 First IN regard 10 e
publican demagogue will tell You was debt CONTRACTED
10 put down Democratic rebellion scoTn 10 MAKE @
they will tell Won that the Democratic party was Opposed
70 voting supplies for the army and navy IL Sv im nTa
than this that undertake 10 say that onehrd on tnat
debt Is imposed upon the American people wronginly
robbery aud stealing not Of legitimate application OF the
money the people 10 the purposes OF the war But et
of the day Is whether IL shall be paid not cay
the Democratic and Republican parties occupy posi-
ton TIE Republican party in its platform declares that
the public debt must be extended over what they cai
fair period redemption What Is that II may mean
ANYTHING 10 may 30 years or GO years OF " may
mean forever Moreover they have u ny a
St chicago called the Funding bill They have provided
for a change in the securities OF the united stars
manner a ravment h debt they have attempted the
resort OF all weak minds, an eXpedlent ana Una. e1P
rod tbot tho outstanding bonds OF the United states
may be changed into bonds not payable Dut redeeduo
interest and in another at per cent the Interest ana
principal both payable IN COIN W. nay tt , iot mat
GcIt shnn be paid of within the lietme OF those
who have arrived at mans estate1not VIM ,tt
the d6IdeTence The 500 bonds are redeemable
after FIVE years and payable within 20 years put now Dt
bill introduced by Senator Sherman, which passed DOM
branches OF Congress, and which 49, perhaps, ~ inc
pocket Andrew Johnson these bonds are TO be redeem
able at the pleasure Of the United States after 80 or 20
years and never payable at all am lustinsa GTt e OIL
their mouth m saying TO you that ~ s nor no., o ~
linn of the Republican party that this debt shall ever D
paid Great fools would they be 4 they sysE o %ap
should DE paid You have al read lhe laDie o, ~,
wherein he tells Of goose that laid golden eggs rays
grecnback eggs now and that Is tho only difference is
possessor killed IT, aud there were no more eggs G ray
the debt and there viii be no more Republican party no
bondhOlder no more privileged classes IN TINS com
munty.
The parties are Numerically opposed on this question
was n member OF the House Of Representatives Whcn
pGded 0s S Spo the back Of every legal tender
note was taken verbatim from tho lawi out az INC
row the headers of the Republican party have the nso
encc 10 come forward and demand that tho debt which
ss ds to s@$o b se cop ag Ro% # hat
payable IN gold makes difference OF 500 oOo0Oo IN
g. 600 OOOOOO is according to the Republican demandoyer
S4OODOo0OO Yet the people are 10 be taxed s6eOoOO
tuate the blessings OF Republican domination You. my
Republican friend, II this debt Is too smail-t the pay
neut OF taxes ana interest too light for yolwhy,
then. vote for Grant and Coliax IKE an honest man;
T B o~n pocRe and let US Democrats free That
fair proposition At present every dollar OF thiS TAX
G n nam nSs 10 III Tss y the sweat Of his
publican friends instead Of telling you how tnls acot Is
10 be paid, occupy themselves IN SAYING that HanaS
ham was against the war; Grant gained viStvry
down Shiloh. crushed out The Rebellion ana pfoTe ,s
"a bear whole burden Of taxation ust tho same Why
NJ fngsf because the bondhodor gives him money 10
carry on the elections and enable him 70 hold ounce
is II tickle you aud y0u tickle me- what Is t1o phho5-
Nv ~ tbis nice little arrangement between the bond
holder and tie Republican party Who is plueked
leader avs TO the BON holder win give you t9O0OOoO
more your pocket but VIII levy that muoh more
tax on the people because you sent me 70 Congress
win first pay myself 900 year ~ consideration OF my
great services" Now that may be generous but II GER
bondholdeT to his bond shylock the bondholder may
be-usurer hecerainly s-hls contract must be sns-
taucd in confederation Of the public faith lot him take
his gold and go where Dives went before him But let
Inn look well 10 his bond. II his dobt Is payable In law
fu money In greenback currency, no shall take II In
PAPER or he shall have nothing II we are 10 STAND by
our contract he shan sta9a ~ ms me pns
millions in June and seven Millions 10 July M eh IN
these bonds there set OF cmzy people out West VINO
have got maggot into their heads that you paid IN
uaper and ought therefore, 20 take payment Ia paper
You step mp the Treasury and get promssory note
In Ills gushing admiration Of the old flag aud Of tho
Union actually advanced % tie agents OF the United
States 500 and took promise for $1,000 Dd the soldier
do That Oh no lie venrred life blood limb, wife, child
home the field OF battle. but he paid In the lawful
money Of the country. His patrl9tism Is a. nothing
cue OF the Government OpeUed their Golfers and received
promise to pay twice as much as they advanced NO
wonder the soldiers are Democrasnow have said that
WAS I'm favor Of one currency for all md gold for all
but there is TO be discrimination aud, above ALL II IL
Is to be pat upon the grOurl Of patriotism, ought not the
ocrato party expressly declares that whenever tho seeu
mites OK tie United states by law made payable
I'm coin they shall be paid greenbacks, the lawful
rency OF the country That Is our position we come
before the people upon II md not 70 be deceived
II has become popular hat former Governor OF tho
State has been recently converted 10 the DemOGrac doc
rine Mr. Morton says that these bonds are payable In
Rreenbacks Tho Indians Republican Convention also
went over the side OF Ceenbacks, like sheep cIOssBga
fence but obliged be led back by the halter by
Tie Chicago Convention which could not indOrse
that doctrine. Even Butler Is sound on tho
Republican speakers to attempt TO delude the Repub
lean by saying that Morton aud Butler nro In
favor OF paying In greebback ana That the KepuDlcan
party for it, because the Republican Congress have
denounced 1t as population The Democratic party
meets the issue fairly We deny that Is Reputation to
pay man in what he promised TO take. Oh, but they
say would you pay ono promise to pay by another prom
ise TO payl Certainly II the man agreed 10 take H. inc
Democratic party occupies an unnistakablo position
here there need he question with regard TO the can
nation there was idea In the West that Gov Seymour
because of certain speeches he made in the East WIS In
the interest Of the bOndhoders but he himself has made
direct contradiction that statement and he has en-
phaucally and uneguyoealy accepted the Democratic
platform, and says that his administration shan De gov
erued by It, Hsspeeches were spoken for the purpose
OF guarding the Democracy against running outside OF
their ancient and accepted principles with regard 70 the
currency aud finance Let me repeat that am hard
money man to-day. as always was. | 90 not
Se Tea i' Rfr here rSIG specimen o our con
age, which is good for sore eyes lholdng up gold so
piece). That Is my currency. The $40 national BANK
note, the legal tender says promise to pay flD but
this eagle says, II am So" voted against the legal
tender'aw because did not believe u Constltntiona
but now that it the law let us hold these bondholders
by IT, and pay them I'm tho money they agreed 10 take
According % the Democratic theory we can prevent the
debt from running up by sSG6 100000 The debt Is now
OOO and the Republican party wonu raise u 10
S,4OqOOOo0 We are paying an interest OF $1,000,
which might for all purposes DO cast into the sea Every
dollar spent In interest Is dollar lost. 10u nave pad
S230OO0O within year for interest OF when large
proportion ought not 20 have been paid because me
bonds due and ought to have been discharged III the
geenback currency OF the country We propose 10 save
you SOqOOOOOO according TO theory OF meeting the
public debt. According TO the Republican theory tha
is Just what you have to pay Tor the extension OF