Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-12
General Cary ON the Greenback
Question.

Thousand persons in the Sixth street mar
ket space From his able speech, we make
the following extract, wherein he discusses
the financial question, which SO affects our
people at present. .,,.,s-,
We advocated the revisioncof our finan-
cial policy SO as to secure to labor its just
share OF the earnings. This Involved the
NECESSITY of Q change in our monetary sys-
tenn; and hence we insist that we shall have
but one kind Of money for all [cheersl and
that money, issued by the sovereign power
of the nations Nc banks, State or National
4 Cries of "Good,Y1 We want good money
that every body, the rich and the poor, the
bondhOlder and the laborer, may have theI
same kind of money! This, my country
men, very early presented to Congress in
an elaborate argument in favor O. the
greenback thsory@so early as the 9TH Of
january, b little more than a month after
was sworn inib Il Immediately, therefore,
proposed a. bill embodying these great
! principles. The bill was. referred to the
committee Of the Whole. folq - ''
That this proposition which advocated
did not pass is no fault of mime worked
] for its accomplishment, and 1 shall eontinae1
to work until the fourth of March next, and
| it you re-elect me 1 shall continue in the
same way. [Great appIause.1 Now, my
countrf men, let us look latithis for one'nO-
ment,i We have incurred an immense debt
by the war and we have to support the
Icrippled soldiers and the widows and or
lphans Of our fallen heroes that fought the
battles of this wara We have incurred am
4 enormous debt which piles, upr mountain
Thigh, now Increasing from five to ten mil,
! lions month-5now every month.
| And who understhep epreseht financial polil
icy, whos ask. pays the interest on the
bondholder's debt and theb public, debt 2.
Was it those who made money out OF the
war, or those who have the, bonds Of, the
| Goyernment 2 No, my. eountryInen.-
The veryssame men who fought the bat-,
ties of the war, who are in. the work..
shops p.s ot ,,e our country, are ths men who
| plause.] The bondholderis receiving, and
pays nothing. We say ii the public debt
should be paid by every man saccordipgto
his property. In our resolutions we now.
simply declare that =" i'liNI
| iWHEREAs, The public debt should bepaid
in good faith Iaecording to the terms of the
Resolved That the public faith does not
! require that the five.twenty bonds should
be paid in gold, but be paid I'M the same
currency withswhich we paid the soldiers
who fought the battles of the war; in che
same currency or money in which, the]
widow and orphan received their pension !;
in the same money which the laborer re-
ceives for hisfdaily toll, and the same used
In business transactions. ibrte.a % srr,T ,,,5 4
What became of my resolution? 1t was
referred to rhe committee of Ways and i
Means.s1A bill to change these bonds into
thirty and forty year bonds principal and l
interest payable in gold, and, exempt from |
all taxation, passed at the last hour of the |
session; and If Andy johnson ever deserv-
ed the thanks of the American people forf
anything, it was for putting thatthilg into
his breeches' pocket Great laughter |
What do we gain by changing these bonds |
sw.N, 4&t n IL
cure lower rate of interestoi We will pay |
on thirty year bouds four per cent, and ON |
the forty year bonds four and ahalf per cent. |
But, mark you, this proposition makes I
these bonds, now payable III greenbaeks, Ia /
permaneatzdebt, principal alzandb interest, |
payable in gold. 1t is according to the |
Funding T Biip my counfrymep, that tl,e
State and national taxation. Twill never
be willing to vote for the issue of any bond |
of the Government of the United States
that shall be excluded in any way from the \
taxation to which other properly is sub
ieeted. n Cheers.] So you understand me
distinctly on that proposition. My coun- I
trymen, in this proposition there is this |
principle INVOLVED, that. the people who |
fought the battles of the war shall pay thesl
debt, and not those who made money out |
sot it. (. To that never will consent, andaIl |
say distinctly here and now, and the re-
iporters may put it on record, that ifstheE
bondholderss through representatives |
u ~ 81 law Ia passeu IidS tiie
that they shall never be subject to taxa
,tion, then Z aaR repudidtor. b[ Tremendous i
and prolonged applause.l I'd |
I do not wansD toSbe misunderstood.O II |
tha inst fortb;np dna .Jo puo.tS ~ oepG U"
There are Sies. .foO aoe" af tba n 'e tenNf"rtn
hands These re- no y q l,le in oroIS n;na;y
hal and. interest Ehere arc tSe !; ;Iea
cent f,ondsN Tsav nav II 70 tb4. Ioat sar,S pSi
;nor ~ r. taios ths ies2, ;t "
We.i p"ys sbat ss
e Uor rnreserying hannr 81.
- - 49, M ano IiieepiI
With zeal the fiag 81 onr eornty ry pt;se, seu
tha,, fouabt .6a ha ttiafsai'3 ,ys tSss! DO
tarsst "of the co,,ntrp San,endad a. Th ir
are as re- ready toypays the debt Int are tss. /
nd;ng ~ 81 ta s, :, M ~
w m na his sga re of the biiis ae 0no "eaisn
M1poar,tr 70, ryn,an ii sus W. Sa,,, - -
,+,,; gr;nt iitt,, I ooo.. inoo
Ian1 ~ 9,sss ~ - naye spone Sooo
,,,,, dai;irot n,
inanstry nf th;srco,,asryy LUZ las Gne
the prndn ~; to th;s ul
r1 .h;s dnhs ua snis eounSry can
y ooId Fy;tha,t s,o,, ha;,a sIaaras
n,, e6;,dren s,.a,.o,. eie 20. Joa anu
How Ia bnsiness nrost tr, ro+od q ,o - . = U,
tbing at head stan .tno n,e 4
beine bniIt. no nnbiic 'enterprises en gs aed
in ne bonses haiuy bn;It fnr ,',1, y.
i;yaain. = WhyS Racspsa Goporn ~ as,t! " W
naying grester ;nterese tha n.vo,,loo af
ford re na fer the loan of n,oney'' Ras;Sas
tb at n Won 'get - littia noanav ord snnaee
Il in honds ;toyamnts yo,, fro,,a II,
t;on ~ 80 ~ = "iii va
WI - ny,,n t - q, % - . = 2, IN
n comes irono o tbe nrod,,nt;,,an;, NO.
the conntry " IVY ~
NoU wont 70 sboIy ,o,, ,I, =, ,,Lot
,,o,, non THa mias
tb;s conntrv dn,rp a',,ar;o,, .,t o
Years haveadded 70 the yyeoIth of az Ivy
lion three ,er Cont Nv, III o
Won to nnderstand # that all that tho ,e;II ans