The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1868-08-06

about proposition IN the Senate to
send arms to those governments just
erected in the Southern States. 1t has
been the policy of this Government.
ever since from time to time, in time
of peace. There was abill brought for
ward, which met my views. to send
arms to the States. According to the
! bill. they were to be apportioned at the
rate of one thousand for each Repre-
sentative and each Senator. Arms are
needed by these loyal State Govern
ments in the South. These new gov
ernments nave no arms-not a single
musket-nor dollar in the treasury to
buy arms. They are surrounded by n
rebel population that is armed to the
teeth, and this rebel population is incl
| ted to rebellion by the Democrats of
the North, as their candidate for Vice
president has expressed in his letter.
! Yet when we proposed to put arms in
Ithe hands of the militia-not in the
hands of any party but in the hands OF
the organized militia-there is great
outcry made Ill the North. and it is pre-
tended that these loyal State govern
lnents shall be left unprotected to the
tender mercies ofthe hostile armed reb-
el population by which they are sur
| rounded. / am sorry to say that bill
did not pass the House. 1t ought to
have passed. l have made these re-
marks because several have spoken of
the bill in order to prejudice the people
of the North in regard to it.
| They favor the Initiation of currency
to such an extent that it will fall to the
earth, and not be worth the paper upon
which they are printed. Mr.. Hendricks
said last night, referring to myself; "In
speech delivered at Columbus, O..
on the 9th day of Agust, 1867, Gov.
Morton spoke ofthe proposition to pay
the bonds in greenbacks as the black
channel of reputation. The black
cloud of reputation. charged with the
livid lightings of dishonor and destruc-
ton, but as weak device of the enemy
by which they approach direct repudi-
! ation.' All this is an entire mistake.
| In no speech did ever take this posi-
tion. AT Columbus 1 did not even dis
cuss the question as to whether the Gov
errment had the right. to use existing
legal tender notes in payment of the
$40 bonds. What [ discussed and what
denounced was the Democratic prop
osition to issue two thousand millions
in greenbacks for the purpose ostensi-
bly, of paying the national debt. | de-
nounced that as reputation, and l re-
peat it tonight. and denounce it as
robbery and plunder. not only of the
bondholders, but of the whole people.
If the Democratic party has any posit-
ion upon this subject at all, it is that
the Government has the right togo on
and issue greenbacks to the amount of
hundreds and thousands and millions,
and compel our people to take them
| Whenever they issue them to that
amount they will never be redeemed,
and will become so miserably worthless
that q man cannot buy q hat with it.
That is the Democratic position, if it
I h.ly ftnn
Withstanuing what Seymour NAV have
said Notwithstanding what the small
body ofthe Democratic party at New
\ ork may have, andI must now, in
Justice to my colleague Mr.. Hendricks,
upon that subject, say that he has no
status or position at all. Laughter. |
He made a speech on the Sth ofJanuary
in this city, which he reported in part
last night, as follows: Then we may
at once commence the payment of our
debt by the issue of Treasury notes and
thus stop the payment of gold interest
and also increase our currency, and
thus stimulate commerce, enterprise
and labor, and in connection with a
wise policy toward the Southern States
and the development of their resour-
ces, restore prosperity to the whole
country ?" Why, my friends, that is
more than Pendleton has dared to ask
for to meet the extreme views of his
party. But he said something else
upon that occasion, as follows. IL
would not be understood rs being in
favor of an increase of the currency
/ without limit. The dangers and evils
OF an unrestricted issue of paper mon
ey can not be too carefully avoided
Temptations in that direction are great
and must be resisted by wisdom and
| prudence. No one more than myself
regrets the necessity of resort to pa
per currency, but it results from the
necessities of our condition. The issues
must be limited to the demands of bu-
siness and the wants of the people in
meeting the enormous levies for ma
tional State, county and city purposes.
After having first said it was time now
to begin the issue of Treasury notes for
paying the debt and stopping gold in
terest, he then said we must not carry
the issue of paper to far. He inveighs
against paper as bitterly as I would
said it should be limited, not by the
quantity necessary to pay the debt not,
by the amount necessary to stop the
gold interest, but by the demand of bu-
siness, the wants OF the people. Why
l agree with them on that proposition
verWhelms the other. Now, can any
man tell me on which side ofthat great
question the distinguished Senator
stands? He will have to make anoth-
er speech in order to define his posit-
ion. Upon the question Of the nation
al banking system, he says it is mon
strosity, is a fraud upon the people, and
a wrong to the nation. He goes as far
on that question as the most ultra anti
bank man would ask him to 90. But he
does not stop there. On the ooher hand,
he says it must be borne in mind that
these banks got six hundred millions
discount. that they loaned to the peo-
pie of Indiana not less than II millions
and he goes on to say that it would be
ruinous now to disturb the banks. He
says that it is Il monstrosity, wrong, a
fraud upon the people, but now argues
that it has become SO connected with
the business of the country that it could
not be disturbed without ruin to our
| business and commerce. I would ask
any man, any friend, to tell on which
side of that question the distinguished
Senator stands. His position upon
these questions remind me somewhat of
n story [ once heard about a lawyer
who went 10 the country to practice be-
fore a Justice of the Peace. In a case
where the right of property in a certain
action was tried the opposing counsel
was absent. The Justice didn't like to
go on without the other lawyer being
there, but the lawyer who was present
proposed to obviate that difficulty, and
proposed to argue the case on both
sides fairly and, after he had done so,
the justice decide the case. After he
was through, the justice couldn't tell
whose calf it was.
Now, my friends, upon this currency
question let us look for few moments
at the attitude ofthe Democratic party.
Who is horatio Seymour? The advo-
cate of the bonds being paid in gold
! Not ten days before his nomination he
made speech at Cooper Institute, in
the city of New York, in which he ar
gued that the bonds were only payable
in gold, and that the first duty of the