The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1868-09-03

cheat labor Of its Just rewards. Not at all.
Every dollar of the public debt which is in
this wsy paid Will relieve the property Of
the country from the mortgage which is
upon 1t, and by making the greenbacks mo-e
certain of redemption will increase their
value. No, gentlemen, pay these fivetwen-
ties in legal-tender notes the moment they
become redeemable, and you will reduce the
debt, you will save the interest. won Will
relieve labor from its burdens. (Applause)
Couple with this the taxation of capital tn
the same extent as you tax labor, stop the
excessive contraction of the currency, eX-
pand Il II necessary te recover the business
Of the country the prostration it now feels.
&nd you will make capita, profitable ycu
viii make industry contented. Your ship
yards will be alive again Our fertile fields
Will yield bCuntiiul harvest. Labor will
perform its accustomed work. and bowinE
its cheerful head to q burthGG which Is IL
ways heavy, will push forward with higher
courage and Ioftier step. (Cheors.) Donot
misunderstood me. ] did not vote for tho
Legal Tender law. opposed it. thought
1T very wrong. l was then, am now. u
hard-money man. ] foreeaw the evils of an
expanded and deprecated currency but tho
law was passed. The evils were contracted;
they have been endured by the people and
| am now in favor Of extracting from the
system all the good which eau be gotten out
OF it. (Applause.l / have no hostility to
the bondholders. They are, doubtless, wor-
thy and estimable gentlemen. / would do
them exact Justice. Where I promised gold
] would pay gold where l promised paper
| would pay paper beg OF them now 10
be just and wise. | would not threaten. but
they may SO further and fare worse. Labor
as suffering it may become restiYo. Tho
Republican party upsets this whole policy.
It insists on paying the debt in gold and ex-
empting bonds from taxation. The Funding
bill expresses the whole idea it passed both
Houses it would have become law except
for the adjournment. It proved that the
present bodies should be exchanged for other
bonds bearing Al per cent. interest, payau'o
in forty ycars, principal and interest, both
to be paid in gold, and TO be exempt from
all State and Federal taxation. Gold stands
to-day at upwards Of l40. This bill adds at
once six hundred millions and more to tia
debt. It abanG9ns the iSht of taxation and
thus gives up more than twelve millions OF
gold. Il postpones Indefinitely the payment.
IF payment is postponed forty years the debt
viii never be paid at all. 1t will become
one Of the permanent institutions Of the
country. II the debt shC uld he 8. 500 600,
coo, aud shunld be funded, at even 4 per-
cent, the annual interest would reach $780,.
600 eco u gold, and this must be raised
wear By year, from the labor OF the country
forty years. How many of you will live that
long2 How many Of your children will live
that long 2 And yet, year by year. as long
as Won live. as long as they live, out of their
sweat and blood, Of their bones and slnews,
of their breaking hearts and dying bodies,
these ono hundred millions must be raised.
(Applause) DO you know what a national
AZ l. ha ~ Ia bpr
clothing brown bread, and no meat. Il
means that the rich shall be richer and the
poor shall bo poorer. ItmeaLs that untaxed
capital shall pampcr the idle with luxuries.
while squalor shall preside in the cabin of
the poor, and suffering shall make hi1 life
like constant death. (Renewed applause.)
| see before me many young men. Are you
willing to perpetuate policy which will
forever prevent you from rising above your
present. condition You look forward to a
few years of labor, and then hope to devote
yourself to trading with the capital which
your industry and frugality shall have saved
In your dreams you see a snug cottage, hight
ed with the smile Of love and sounding with
| the babble Of infant tongues, over which
| plenty and contcntrncnt cast their cheering
rays. (tireat aPplause.) Are your willing
10 give up this bright prospect and be con-
tent for ever to pay 10 the tax gatherer all
your earnings beyond food and clothing
! iCries of mot" "No!' Extend the debt
and reduce tho interest! No, gentlemen,
/ pay the debt and save the interest Reduce
| the taxes, equalize the burJEens, and indus
/ try will be stimulated, business will be re-
stored, enterprise will be active and labor
| will reap It's Just and ADEQUATE reward. An
! essential step in this movement Is the restO-
ration OF the prosperity Of the Southern
auri1trifr,roI
community. They are producers. Their
interest are Identical with yours. Their
staples will furnish business for your mer~
camille navies. They Will furnish wealth
for us all They ought to pay their share
of the tax. and OF the public debt. They
can Go it well. They will do it easily if
order is established in their homes and Sc
curity is felt ''Iie who soweth shall also
reap Every instinct of sclfshness. as well
as patriotism, demands that the policy of
hatred and oppression shall cease, and shat
those States be restored to their rights and
the people 20 their liberties. (Applause.)
Fellow Democrats are you up aud active
aud well organized FOR the struggle before
you The eyes of the whole country are
upon you The hearts Of the Democracy, OF
the Conservative men, every where are with
you You will fight the frsl battle Of this
campaign. If you win it. even if you i'm
prove on last year. you win give it the pres
tige of victory. We viii carry the country.
For twenty years the elections of Maine have
| foreshadowed the result in the " est. We
| look always 10 you with intense interest.
| Our hearts and hopes are with you. Send
us in September news Of your victory (Cries
of 1--WE WillI") Ohio, Indiana. Illinois, will
follow Seymour will be elected-(trem
dous applaase) and the shouts of onr re-
oicing will be answered 20 us from Heaven,
rs. when OF old the angel choir announced,
"Peacs on earth. good will to men," Tre-
mendous applause.)
RoRvn-Dr Holmes having been oelled