Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-11-12

speech oil MT. BNyNrd, Ct smyrna
National and state Finances.
Our correspondent at Smyrna sent us, too late
for Mondays paper, very full report of the
Democratic meeting at Smyrna, on the 31st ult.,
Among the speeches was one by Thomas T. Bay
ard, Esq, and We extract from the report his re-
marks on National and State finances the latter of
which subjects has not lost lis interest on account
Of the election .
Mr.. Bayard then got on the national debt, but
like tired man on an unruly horse, soon got off
again. He said that wherever he talked TO the
people about their taxes, the Republicans always
charged the Democrats with creating the debt,
and that II charging them with creating the debt
would pay il they might continue to charge them
with it-and there lett il.
He next referred to the curl ency, and said they
were charged with repudation Well let us see
ii we are repudiators, said Mr.. Bayard. Some
time ago Republican friend Of his in Whining
ton came into his efllce to borrow one hundred
dollars. He loaned him the money in gold and
took his due bill at thirty days. At the end OF
thirty days this friend didn't iesurn the money,
and the days became weeks, the weeks be CAME
months and the months years,and his Republican
friend came not near him. Finally one day his
friend called in at his Office to pay back the
money, and handed him one bundled dollar
greenback. Said he my friend this is not paying
me back my moneys this is only promise to
pay. o, said his friend, II is legal tender and
you will have to take it. So looking on the back
of the bill he found sure enough II had been
made legal tender and he had to take it in pay
mcnt Of Ills loan. He then took the bill to jay
Cooke, to inquire its value, and was informed ii
was worth just forty dollars, at which prici he
sold it, losing just sixty dollars in the operation.
| So you see, said MIR. B., the Republicans arc the
repndiators, and not the Democrats
| Such is the sample of Mr.. Bayards financial ar
| gument before the citizens of Duck Creek Hun
| dred. Mr. Stockly, President OF the Bank OF
| SMYRNA was sitting just behind Mr.. b., and the
argument of Mr.. B. and the presence of Mr.. S.
called TO the mind of the writer circumstance
| somewhat smilarthat occurred in this town about
the same time, with that fossilated institution.
| Persons who had gold and silver in their posses
| siou fearing it might not be safe rushed to the
Bank of Smyrna, to deposit it for safe keeping.
| The Bank OF course received 1t on deposit the
same as any other money. But when the price
1 of gold and silver commenced 10 advance and had
reached about fifty per cent. premium the depos-
itors thinking it pretty big advance went to the
Bank to get their gold to sell when they were met
with the reply were suspended specie pay
ment," We can't pay you in gold but we will give
you our Bank bills, which were only promises to
| pay. And if am not much mistaken these same
Banks had to get relief act passed by The Legis-
lature iu order to save the forfeiture of their
| charter.
His next subject was suffrage. This is ia
yorite subject with MIR. b., and, like the boy witt
his penny trumpet, he blows it on every oppor-
tunfiy. He argued that suffrage was q political
| privilege, and not an inherent right; that ii
should not be made universal, 1t was intended
to be exercised only by certain portion Of the
community, and should be well guarded &c,
&c. His audience didn't seem to comprehend
what he was driving ut, and took but little inter
est in the argument
Referring 10 the action of tho T. w. & B. r. r,
in notifying the State officials OF their intention
not to pay the ten cent passenger tax after, the
friends seemed to chucklc over The matter very
much il seemed to give Them especial delight
But the Legislature that would meet next winter