New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-18

civil liberty For the first time IN kIel nisU,SS
the American people realized that ivy w. ShiH
ment in danger and that the Iate vi ttV 20 L
rembed in the balance. They had been taug, "a ~
that freedom was indigenous in our SOIL anu snutlnB
their eyes to the teachings OF all history Io
eyes TO the facts connected with our dnsiop that in
they had Rugged to themselves tne r re~out,nnarv
whatever form Of faction, or passion. OF ad' 3
fervOr liberty at least was safe Iney t no me
from the dream and "a they sent Pr ~ d
Convention, they charged them as Ho ~ p
was charged to see 70 II that no thew had donted
the republic BY unanimous V t 9be consfittioD Hde
declaration of principles. fidelity 10 tho oolso S
~ 70 d Gs Tn 10 The ed rsSs Of the czens fidelity
te the principles OF civil liberty fidelity to that
ptnn which bv having the public debt In legal ten
der notes will lift from the shoulders OF aoer the Dur
deus which Cypress IT, and by Tightening the measures vi
IA Xaton will secure TO the just rewards oil ceelu
ana cOntened industry. lCheersl Inc speaker theu IT,
Democratic Convention and said If anything more were
needed 10 fire the heart with @ Iet II DC r
from the contrasts the country t0aay plesenG' h3
Repubcan party had been in absolute power LOT eigh
years Where the Constitutionthey swore 10 apouL
Where WAS the Union they swOTe 20 MAINTAIN Aiter
briefly dilang the course pursued by the kepuDean
party since the War more particularly WIN rtSptI Con ~
grs had usurped 10 itself all power over the state gov
ernments OF the South. and had III fact destroyer {e
continued II il reproducing in country the lessons OF
all history The dcsp6tsm OF the Legislative Assemuy
The most cruel the most audacious and the most snou
lived 1t ends anarchy. and this 10 speedily io0wGa
by the calm rcpOse OF the order OF the sword iocI
history of the Roman Senate and the EmperoIs hcuhi
the history Of the Long Parliament ana Lhe yIany W.
the Commonwealth Recall the history OF the
Assembly of France and Of the Consulate anu t,e I'm
pro and read them the certain prophecy OF tn9 o
course Have not already part tulnlIiheuJt
gress despocd the President OF the Jd5t powers q
has despoiled the States OF their right OF clVl
government and vested Them too, IN the SAM
officer IL has given him power over an tne
military commanders, and TO his decision IL mas re-
fcrred every question OF Interpretation auu oG
ton of the Reconstruction laws. And ths SAINT oOol'
welding this enormous power, backed by me army oua
tanned by all the military organizations ~ Wil'"fcil
name they may be known appealing 10 ihe leI'9 "4lt
y ee L % ne elected President OF Tie United States.
And this party which supports him declares tiat 'K
cannot do 10 by the votes OF you men OF nc ~ VIZ
elect him y the votes of the negroes and carpebaggerS
an he states OF the South. Gentlemen 40
Won see no danger hcrCi When, years ago. we peuCtu
mis- result and warned against the first step IN felou-
tionary progress. the Republicans laughed at our iedI
X Hu V' WuIo Us ,i,ed on Young unknown to hs
Whcn NaVo4eol Ms a., y,,,,,nd even of a rcgi-
meut que the revolt Of the Sections ne ana IL eeeTu
ally In four years he First Consul ana master OF inc
French people How grand the theory when the DcIAO-
cratic party opposes this whole system "f tho kcpuD
leans read from the declaration Of piihcpE5; IN ,t
Uon and under the au cl government to American
Auae4 for al pas, 2o e'a. s. 'ai the regulation Of the
The Republican party Is the party OF usuTpatoh Is
also the party of corruption. Read the report, OF the
Commissioners OF Revenue Count the number OF clerks
WHO are seeking in vain to discover TIE amount OF peo
laon In the Treasury Department Got0 me NaI Dcpnit
u,ut and see The mutatcd archives and ask why the}
were destroyed. Visit the pcucniaries ana couht thr
public pIunderers who are confined there ,lr' near.
from July 1865 10 July /. 1885, showing that the Demo
cratic administrations had been much more econonlcaI'
Moreover he would ask why THAT jhe Amount rear
izcI from taxes 1869 would be les, tlah tAe amount
realized in 1906 considering that the rate o! I3kaoA
publican Congress had diminished III part or ~ whole
he tax The mahuac ureS IN NcW' i.iis.Hu oI Oh
whisky but they would not materially change tAc a-Sic-
gate. Payment moro difficult than previously.
Labor found no occupation energy an" H,lc
paralyzed. and all because Republican Administration
oi' ,.cu ~, tro,, ont Of cinI!oyIncnt all Labor IN
pf con
no" yog Mil ina Tia. every month tho debt that
brar- Interest gold Is increased You WI. mud that
every dollar that bears 40 interest di al Or t"1t pears
interest boz currcu,yi converted rapidly ~ possible
INTO the bond. which pay interest IN gold and why
b. ti,l 7, there too much currency 100 the country Is
tnr.r a plethora oi money! IL speculation rtc
NJ man viii dare affirm 10, ana yet tAl' Work OF conac-
tuu .f goes ard value D, coined ior lAr u'hu.outF
ONT of Inc sweat and tears. the blood aud bones aud mus
,.. az tbc llhp.ug man and when ass tAc reason
are answered hy the declaration "i thr t'uhtiH 'oi-
ycuton OF chicago. that the bonds must De- PAID ID gold
according 10 c spirit and letter %: TIE contract deny
tla % according to either the spirit or rtter "i the
contract, under which the h'et"cny ponds were sou
,y Thar neither the spirit nor the cttcrot thc law under
which these bonds issued nor good iait nor good
they should bc paid in gold They are p9%ape ~ icsal
tender and 10 this opmoh am HusaIntu Wy va, '!o
cratic Convention ot NcW-loiL. App''is. "n"' ~
amount Of Indebtedness under the system OF the
Rrpul.cau party would be he could not say.
sl5o00oOo We know ~ Is i,,erc ' , In,n tbat
certainly VIII not be. lh., l''I,1 ul'n va,
ut1N a I lpj , i've, oi your Youngest children ii
order 10 carry the dogmJs ~ the Republican party
on the other hand the Democratic patN"erc opposed 10
cxensiou and desired the immediate payment of the
dahf Ie1t II declared that the money collected from
the people should not be squandeed hut applied 10 the
payment Of debt interest II declares that the i've
twenty bond, shall Ice paid In legal tender and until they
De paid they shall be subjected ~ the same rate OF TAXA
zion "a. an property 10 declares there shall be one cur
rcncy for the Government and the people for the abOrer
and The oicchoder the pens0ner a'd the soldier the
producer and the bOndhodcr. Cheers. And how j. II
practicable to pay this dcbt-tnrcc hundred and thirty
mious-if bonds held IN the Treasury Department
as security FOR the national bank circulation Redeem
| hon Inc, YER
with LEGAL tender notes, ana let them supply the place OF
the bank paper This measure alone with very little IN
ation the currency. and without any addition 10 the
taxation will redeem the debt, and save the twenty ul-
IONS in gold which now paid rs bonus TO National
tender OF the five hundred millions OF the first issue
the Government He urged that such measures would
stop the contraction and reverse the policy OF the Treas
ury Department, and give stability TO the money market
lie strongly advocates the expansion OF the currency
and pointed the folly and usccssness OF contraction
citing many instances IN iaNol OF ms argument, lot lho
reduction OF the National debt The accrung revenues
would enable You without further expansion to pay on
the residue OF the hyetWcHuos as they mature, ana
| then diminish still further the amount OF in
tcrest, consequently the taxes II, tIeh, t.e cur
rency were found reduhdaht slauual CONTRACTION on
could be effected aud - would come when the debt
| had been paid, when the nsoessty ior large
sums OF money ON the part OF me GONerhment had
ceased when were low, II could be accomplished
without the oppression and disaster which now attend IT,
have been represented as lmmca TO tne oohuhoder
Gentlemen. you salJudge me am hostile 10 no class
just to the boudhoder Just to the people would I'VE up
with scrupulOus fidelity 10 the terms or our contracts
would pay the interest Oh te w. ~ 5Uu, ne
principal and interest OF the FOrties in gold because
the Government promised dose. would pay the prin
cpal Of the fyoTwentes in legal lender notes because
the bondhOders agreed 10 receive them IN payment and
rs would not repudiate honest bargain to make
money for the people, Will / not repudIate
an honest bargatn 10 make money for the
public creditors Cheers He did not think that policy
would give deprecatory currency but ON tho con
trary was opinion that just rs the public debt
thus discharged will the certainty Of its ultimate
dempon be more apparent and it, value be rapidly and
steadily increased These bonds operate mortgage
upon the property and labor OF the country There
two thousand millions OF them. Pay of these two thou
sand millions and will the legal tenders be first in the
propOrtion more valuable know the evils OF dCpre
: cated currency would not and in dcpreciatng