The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-08-25
SENATOR HENDRICKS.
What He Thinks OF Republication and
the FundI2g Bill.

On Friday evening last there was Democratic
turnout at Princeton, Ohio, at which Senator
Thomas A. Hendricks made speech. In it he
said:-
Don't you think, gentlemen, we had better
change this? To keep the people OF the South
down we have been supporting five standing
armies in the South. Let us call them home,
and let the people once more govern by their
own will. Let us take the military man out of
his seat, and put the judge back again; let us
turn the court martial out of their court and
put the jury there; let us abolish the military
decree, and put the law back again. Just let
the people govern themselves; let them make
their own laws, according to the sentiments of
the fathers, and it will not cost much. Why,
back in the times of John Quincy Adams it only
cost about thirteen million dollars 10 carry on
the Government; in the time OF Andrew Jackson
it only cost twenty million dollars; but now it
has gone up to three hundred millions, and if
you don't stop it you are ruined.
The Congress OF the United States, being radi-
cal, passed bill 10 fund the national debt, and
/ wish 10 explain that TO you, that you may un-
derstand exactly what the radicals are in favor
OF. They passed the BILL aud it went to Presi-
dent Johnson Just i've minutes before the ad-
iournment. The bill provides for taking up all
The Fiye.tWenty bonds-siyteen hundred mill
lions OF them-and issuing in their stead new
bonds, TO forty years, the interest TO be four
and half per cent, to be paid every year in gold;
and these bonds would be subject to taxation
for national purposes and for State purposes
The effect of it would be that every year we
would have to pay one hundred millions OF
dollars in gold, and that would go on for
forty Years. We would then have paid four
thousand millions interest in gold, and the
principal OF the debt-aoout two thousand mil
iions-would still be there. And you are asked
TO say that that is right. You are asked to
support it,. They tried 10 get that bill through
but / think the President has not signed it, and
think 1t is not a law and so you have II
chance TO strike at the coming election. Strike
for the party that Is with you. IT you think
to pay the debt in gold is sour interest, vote
for il; if in greenbaCks, vote for il. When the
bill was passed through Congress by a party
vote they intended to say to the people that
i these bonds are to be paid in gold
Radical speakers say that the Democrats, in
| their platform, have declared they are in favor
of taxing every species OF property according to
its value, including Government bonds and
4 other public securities. ! will read the fourth
4 resolution on this subject of the Chicago plat
form:-"It is due to the labor of the nation that
taxation shall be equaliZed aud reduced as
rapidly as the national faith viii permit" What
has the national faith to do with it? The
national faith has not anything to do with
taxing your lands But the national faith, as
they claim, has much to do with the taxation OF
the bonds. The Democrats say, tax all kinds o
property, including Government bOnds They
say, tax everything equally, except where the
national faith won't let you tax, and they claim
that the national faith does not forbid The
taxation OF the bonds. The Republican party
has been weighed in the balances, and fouuC
Wantng-they are gone up.