Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1868-08-14
WHOLE NO. 346,


to begin the issue of Treasury notes tc
pay the debt and stop the gold interest
Le then says We must not carry paper
money TOO far. He inveiehod against
paper money as bitterly as would, and
fhen be says the issue Of paper money
should be lin tied, not by the quantity
necessary to pay the debt, or stop the pay
ment Of the interest, but by the demands
Of business aud the wants of the people
Why, agree with him perfectly on that
proposition but that completely overturns
aud overwhelms the other. Now, can any
man tell me upon which side Of that great
question the distinguished Senator standsi
lie will have TO make another speech Ia
order to define his position upon thai
question. Laughter will ask my
friend to read on about the banks.
"The system Of national banks was q
stupendous folly. The security of Tho
bill holder Is Ia the bonds on deposit 10
the Treasury, upon which the United
States pay interest. If the Government,
furnishes the security In Its own credit
why not issue the Treasury note directly
and thus save the INTEREST," In supplaDt'
ing tho system, bur ono evil 10 TO be
guarded against. Il is said the losns OF
the banks 10 the business men Of The
country amount to about 5000 .000, 900
aud In this State 10 sl2,000,O00 Ts
compsl the banks at once 10 Withdraw
their loans wonld be ruinous. The sub-
stiiuton must be 80 made M 70 avoid Q
6napcial'snd business crisis" -
Now. tho distinguished Senator begin,
by saying that the National banking sys-
TEN what montrosity - that II was a tranf
upon the people. lie goes as far on th,
question M tho most ultra anti bank man
could ask him 10 go, but he docs not stop
there. On tho other hand he says that 4
must be borne n mind that these banb,
have got ont s660, 900 900 OF discounts
that they have loaned TO the people Of In
diana not less than si2.000.000 aud h
goes on TO say that II would be ruinou
now TO disturb ihe banks, though the,
were moutro; uos 10 the beginnine-l
fraud and q wrong upou the people. Yet
now he argues that they have become 81
con nected with the business Of the coun-
try that they could not be disturbed with
out ruin TO our commercial relations
Now, l will ask any friend--I will ssI
anybody TO tell upon which side of th'
bank question the distinguished Senator
stands. fLaugbier1 His position OF
those two questions somewhat reminds M
Of a story once heard about lawye
who went out In the country TO appea
before Justice of the Peace In cas-
where the right Of property in eertail
calf was TO be tried. The opposing coun
sci was absent, and the justice did no
like 10 90 on with the case without III
uiher lawyer was there; but the lswye
tnst did 20 out proposed TO obyitato thu
difficulty by promising 10 argue the cas-
on both sides fairly [Laurh,er AM
AFTER he had done 40 the justice solemul'
declared that he could not tell whose cal
Il was.
Now. my friends, upon tho currcnc
question let us look Cor few moments a
the attitude OF tho Democratic party
Who IL Horalio Seymour The advocaf
Of the bonds being pnid In gold Withil
ten days before his nomination he made
speech In Cooper's Institute, In the cit
of New York. in which be argued that IN
bonds were payable In gold, and that tb
Grst duty ofthe Government was to retur
70 specie payments by making the grecn
backs M good "a gold. And yet this man
with his ack cknowledged opinions IL place
upon q platform declaring that the bond
are payable in greenbacks not only IN tn
old ..reenbacks that were mndc during N
war we have s36b 900 600 Of them 300
900 900 of them werc issued before an
of those bonds wew issued.-ihe othe
SGT, 900, 900 were issued cotemp mporaneous
ly with The issue Of the 6rst bonds-hu
tho Democratic platform warrants IN
payment Of the bonds, not only In III
old bur IN new greenbacks that may b
made for that purpose that may be issue
adiibitam until they shall become worth
less, and, until not only The curroney bu
Tho bonds themselves, shall have bee
destroyed This man. with his know
opinions, but recently expressed. wns thu
placed upon this platform, which wa
drawn 20 meet the knowns views Of Nj
Pendleton ask those who take nm IN
icrcst IN these questions what kind {
; confidence they can place In a candidRt
or In platform that Is thus made 10 do
} ceivc9 Somebojy Is to be cheated Thos
; who believe In paying the bonds 10 gol
are invited to vote the Democratic tickle
bccause of Mr. Seymour's principle
Those who believe 10 paying the bonds i
grconbacks are invited ito vo'o the ticks
J becauo Of tho platform, II Is formed I
deceive. II is intended to cheat ihe pee
pie, but do not believe II will In on
thing agree with Frank Blair that III
gree back question. tho bond question,
now comparatively unimportant. Ito say
I the great question, oyershodowlng every
thing olso, Is tho question OF destroyin,
by military power the new government
that have been built In the South. IL
the question ofrencwng the rebellion.
have not seen Mr. Toombs speech but
am Informed. ,hs evening. by gentle
man who has read u, that IL makes III
declaration in Georgia that Mr. Fran
Blair was nominated on account OF thu
letter.
Now whom have We on our side. "
, have General Grant, the greatest mlitar
man Of the age, who by his gigantic CON
bination aud his profound olans. snceee'
cd in destroying the rebellion; after Nj
| CIelan aud others had failed. lie h'
, been greatly successful In war beyond a
men of his time, bat ne now most arden
I ly desires peace A nan Of great goo
: sense, calm, unimpassioncd, unexcited,
4 4 a