Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-05
AUGUST

A4AUGSUST55,,5i868.I ST9[ 2d5 % -'Ias 9es,l.
and hadigold,u he would first take it to
the brokers Office, sell the gold for greent
backs, and then buy bonds. That's, the
way he did it. And now he has the au-
dacity, afterhe has goneoand bought the
bonds with this painted paper, which he
calls money, to ask repayment not in the
greenbacks which ipays you, but in the
shining Democratic currency of the
country. [Applausel 7.iioa sai 7,I9o2 .l
He asks you to pay a Radical debt
with Democratic moneys [Applause.1
Now I say Ii'Ron't do it. iThe only
Radical thing in the world that I win
touch is Radical money, and / viii touch
that simplyito pay the Radical debit
IA voice: ny on helped fight the Radical
men, did you not?''1 ol Yes, sir, and am
proud of it, ] fought for1the restora-
tion of the Union,o for the rights of the
States, for the Independence Of this Gov
ernment III the eyes Of foreign nations,
and, more than all, I fought for, thei COM
stitutiond rights and liberties of every
one Of you. sdEoaal applause, Is35d' 35 iiS'9 g9a@
II will admit II ! did not get them back
for, you. am fighting for that now,
and just at this point let = me nen say. that
while, I [,foou fought that war as, vigorously as
any mar, ma in, in the country according to my
ability, yet no man in the. midst of, that
war, no mar, since the. war, no, man llbei
fore the war ever heard me inter one
word in defense of, Of. in favor Of this
Radical policy, In the midst of that
very, war, though / made no, speech,
publications of my own were made, and
by writing, / announced that the pur5
pose for which I fought was the ,restora-
ton of the Union, and the restoration of
the rights Of the people and the rights of
the States, and | warned. my Radical
friends then unless they changed the
tactics of their party, there would come
another struggle after, the war was over
another war for the purpose of main!
tanning the rights Of. the people under
,r / said 1 you'd only touch one Radical
thing, and that,was Radical money for
the purpose of paying this Radicaldebt,
We now have the National banking sys-
tenn BY the enactment of Congress. 1 am
opposed to banks, and always have
been. 1 am like Mr.. Vallandigham, 1
am shardrmoneyg man. Let us repeal
the National banking system. That is
the first step toward paying, the National
debt. You now have $340, 100000 of
bonds deposited with the Secretary of
the Treasury, and upon them have issu-
ed to a certain set of men having special
privileges, three hundred millions of
greenbaeks, which circulate through the
country as money. Now, what does
that cost you, my fellow-citizens On
these three hundred and forty millions
of bonds you pay twenty millions of
gold money. You therefore pay twenty
millions of gold for,the purpose of hand
ling three hundred and twenty millions
of National bank paper. - 1t, is a
little more than nine per cent. Have
you thought of it, my toi1ing friends,
that the very money with W which you go
to market, the very money with which
you buy your baby's dress, although you
work for it, although you don't owe a
man a, cent in the world that you are
conscious of, do you know thateyou pay
more than nine per cent. to the Nation
al Banks, for the bare use of the money
which you handlel Such is the truth.
Now, what is my remedy2h5 Why, sir, 1
would repeal the National Banks, and re-
tire, the. National bank currency; not
instantly, for l would give them time to
close up, and act fairly and honestly
with them; and, in the place of the three
hundred and forty millions of rbonds,- l
would issue three hundred and forty
millions of greenbacks that bear no i'm
terest whatever, and thus save twenty
eight millions every year. ssgpois --ao.s
You ask what I would, do with, that
L would buy bonds with it from year to
year, and you would find that it would
amount to one thousand millions of your
debt in the period of twenty years .Ac-
cording to the Radical policy you would
pay this sum of. eone Thousand millions
into the hands of the banks, instead of
appropriating it to pay your National
debt. Is not that one thing then worth
doing? What kind of opposition could
be made to it -..,,fs ..r5,,,=..nz ygof.l !,
But We must not stop there, because,
as. Mr.. Yallandigham has told you, that
would, leave the debt, or part of it, at
least, on your shoulders twenty years
from now. We must not adopt theory
of that sort: we must never. let, it. be
fixed in the public mind that we are un-
der debt For so soon as you make a
man feel that he is in debt-he and his
children, for all time-that moment you
detract from that noble Independence of
character that ought to, characterize
every American citizen. Applause.I sa,
We must go further, then, in our. re-
trenchment, and how shall we begin! Do
you know,ny fellow citizens, how extrav-
agant these Radicals have been since the
close of the ,warl 1 will take two years
for comparison. / can not take the
last fiscal year, because there have been
no reports made. From 1865 to 1867
they collected out of the peoples pockets,
by the way of internal revenue and by
way of tariff duties, 1,048,0OO,00O of
dollars. You are astonished that there
should be that amount collected, yet it is
so; and during that time what have they
done? Laying aside all other things
for / desire to close very soon-I will
touch but single item, which ought to
be enough to startle the freemen of this
country. The army of the United States
in these two years, two years of
profound peace, when there was not
one armed hand raised against the
American flag, except here and there
struggling Indian in the West-no
war and no liability to war-and yet
during these two years the expenses of
thn arrn, nf the IInitad Statnc ha Va hann