The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1868-03-26
HoRATIo SEYMOUR ON
FINANCES.
A THRUST AT MR.. PENDLE-
TONS POLICY.
A NEW DEMOCRATIC VIEW.
OF B0yD.HOLDERs AND
TAXPAYERS NOr lNTAGOyIsTIC."

In tte NtW uik DeInOCIutlC OuUe
ventiou at Albany. yesterday, the
COMMITTEES on resolutions offered the
name Of Uoratio Seymour at the pref.
orcuce Of the convention for the Pres.
dency. Subsequently the Commit
tee requested Mr.. Seymour 70 adj.
dress the convention. which he did AZ
some length. What he said on the
financial questions is given below
The importance Of these utterances l.
enho need by the fact Of Mr.. Seymour
heading tho New York delegation /,
tho Democratic National Convention.
Ilo was received with great enthusi-
asm, approved tho National Bank
system, and favored the taxation Of
Government bonds. lie said further;
deem il my duty TO speak frank
" on tho subject of tho deb;. We
owe it 10 our friends IN the other
States to let them know our position.
70 we may not fall into tho fatal er
ror Of making sectional a part Of our
national platform. Tloy would with
iu-tico reproaoh US If we suffered them
to hinder us IN eur great State, which
mnst be won or our country Is lost
We have issues enough vith tho party
in power, which VIC think, as one man
ought 10 oyerwholm il with digract
aud defeat. We must not distracc
our counses with questions however
important, upon which there is go
much doubt, and which cannot be
SO tied in many years to come, We
must not turn away tho public
mind from tho dangers which threat
en- tho immediate destruction of our
Government and the liberties of our
people. Even now the hand ofusur
patton ia stretched out to rob II. of
our rightp, aud must bo struck down
Grst of all, Whatever our views may
be- the payment Of this debt will fall
upon tho future. Do what We may,
generation that will como after H.
will decide its mode, aud without re.
gard to anything we may say. The
depressed industry Uf tho land de-
mands that tho load of taxation shall
bc lightcncd. Oar debt is not due
until fifteen years from now. How
few of those who now discuss the
question will be living then In the
meanwhile il the country IL we'll gov
cruod, IL there /, economy in its uf
fairs, aud tho rights and liberties OF
our people shall bo unimpnired, our
population will bo increased from
thirty five toiIiy millions; our wealth
will be moro than doubled. Then
this debt will rest more lightly upon
greater numbers aud greater wealth
than il does upon tho depressed in-
dustry aud dishearleuel spirit Of the
people ot present.
We deeply regret that our position
should be censured in any quarter
but We connot lower our standard; w
will not bctray those who come uI
to its support, II is enough thai
honor forbids this, oven it We could
stoop to aupht that is honorable
Policy would dictate that this groal
State should be held irm aud stead
fist in its position, if wo hope tC
savo the country from the daugor'
which menace it. There is per-
feet accord in the Democratic rauks
a. to policy aud the neod of honesty
aud ccouomy, but thore is some dir
ference Of opinion as to tho construc
ton of tho contract with the publi
creditors. Some hold that it is right
aud is duo 10 the tax payer that W,
should sayo what we could 10y paying
tho principle of the debt 10 currency
but they uud 3rra,e the lorce nf thei
own argument II is mistake /,
suppose the interests Of tho bondhold
crs and tax payers are antagonistic
The fact Is overlooked that, in ordeI
to make any saving by giving tn,
bondhOldcr worthless paper, ",
would spring upon ourselves disaste
and dishonor, which will coat a hun.
dred fold what we eau save II mean
that we are to give to the laborer
Tor his toll a worthless currency; tha
our business shall bo kept in uncer
tainty aud confusion; that the labor
ing man shall suffer by the increase
cost of the comforts If life: and tina
tho tax payers shall DO burdened b
a government proved to be corrupt an
imbecile by this very depreciation q
its currency. We can't afford to spec
ulato upon the nations honor at Z
fearful a cost, II we come into pow
er, there will be no discredit ou th
currency, no SPECULATION on payin
our bonds in paper. | thank God III
'aiih we all hold as one man, seeks I
level up--nct to level down. Whil,
therefore, We may differ as to til
construction Of the contract with III
public credit, wo must not confaun
tho position Of those who think
right to pay paper, but who battle
make that paper as good as gol,
with the position Of those who meA
, To pay not only papor, but who NJ
Destroying tn. value Of that pape
That ia Sepudis,ion. We are ne
trying to give paper to the bon,
J holder, but gold aud silver to Il
poople.
Mr., Seymour closed with an appe'
Q TO tho bondholdors to rescue our coul
Q try from tho hands Of corrupt AT
= wssteful mon. By so doing thOy vi
no, only best secure theiS oNn iuta
) ests, but will gaiu the good will az
{ gratitude OF oppressed laborsrs az
tax psyes.
s Tho speakss was warmly applaat
cd,