Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1868-06-18

lea Of their rightful position OF
superiority and supremacy in the
administration of the governments,
both Federal and State, or to d.
vide or impair it, is traught with
great danger to the perpetuity Of
tree republican institutions.
Resolved, That Notwithstanding
the enormous frauds in the crea-
ton Of the public debt, and the
corrupt and ruinous extravaganza
by which it is being increased,
the faith of the nation is pledged
to its payment, principal and in
terest, in the terms of the acts of
Congress issuing the bonds which
represent it but not otherwise; ;
and we are opposed to extending
the time of payment, and the con-
sequent increase of the amount Of
gold interest to more than the
principal; and also to the view that
the principal of a large portion of
these bonds is payable in gold /;
and, that while we hold gold and
silver to be the true constitutional
currency, we declare that the
fve-twenty bonds should be paid
in the same currency received by
the Government for their issue,
and that by the withdrawal of the
money granted to the national
banks, we hold this result can be
accomplished without an undue
increase of paper money, now the
only circulating medium; and by
this means the people can soonest
be relieved OF the burden of a
public debt corrupting and enslav-
ing in its character; and that in
this there is no infraction of the
public faith nor violation of con-
tract with the holders of bonds.
Resolved, That every species of
property in the country, including
the Government bonds, which re-
ceive the equal protection of the
Government, should bear an equal
share of the burdens of taxation
and that as justice is the true found
alton of all good government, there
should not exist a favored class
paid in gold, while the Govern
ment discharges its debts to the
mass of the people, in currency
which is kept deprecated in val
ue by this iniquitous system.
Resolved, That the doctrines and
practices of the Radical Republi-
can party now in possession of the
Legislative department of the
Federal Government, and endeav-
'oring by encroachment on the
powers of the Executive and
Judicial branches to absorb to it.
self all power, will inevitably
lead, if not checked, to the des-
truction of the republican system
of government, and the civil liber-
ties of the people; and that it is
the highest dictate of patriotism to
oppose it in gross and detail; and
that for the purpose of rendering
opposition effective, we cordially
ally ourselves with that party
whose creed enunciated by Thos.
Jefferson in 1901, and approved in
substance and spirit by the great
leaders of every party that has
fourished until the era of civil war,
and which is in the following words:
Equal aud exact justice to ali
men of whatever State or persua-
sion, religious or political; peace,
commerce and honest friendship
with all nations, entangling ALI
ances with none; the support of
the State Governments in all their
rights as the most competent ad-
ministration of our domestic con-
Germs, and the surest bulwark
against anti-republican tcnden-
cies; the preservation of the Gen.
eral Government in its whole con-
stitutional vigor as the sheet an
Choir of peace at home and safety
abroad; a jealous care of the
rights of election by the people,
and the supremacy of the civil
over the military authority"
RESOLVED, That Andrew John
son, in the discharge of his great
functions as President of the Uni
ted States at a period of trying
unprecedented embarrassment, has
rendered his name illustrious by
the fidelity with which he has
sought "to preserve, protect, and
defend the Constitution" against
the assault of a revolutionary
faction, and in his recent signal