Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1869-09-16
SPEECH OF SENATOR SHER.
MAN, At SPRINGFIELD.
PARALLEL BETWEEN THE PLATE oRMs
OF RosEoRANs h PEND1ET0N.
Difference Between Democratic Pres
tense and Practice.


Special Telegram to the Tin. Commercial.
SPRINGFIELD, Sept. 3.-The Re
publicans of Clark County openc
the campaign this evening with
large and enthusiastic meeting, il
the new and beautiful Opera hous
in this city.
Hon. Perry Stewart presided, ant
after music by the Springfield Cor
net Band, introduced Hon. Johl
Sherman, who was received will
applause, and addressed the meet
ing at length on the topics of tn,
day, He said:
Fellow CITIZENS: - We ar,
again required to enter upon po
litical canvass. This frequent re
currence of elections is the penalty
that accompanies the blessings o,
self government. The election thiI
fall is important 1t is State elec
ton involving the choice Of a new
Legislature and State officers; but
it is also of interest to the nation
at large. 1t involves the genera
policy of the Government, and Of
parties, on all national questions
We have had feeble attempt by
the Democratic party, defeated on
old issues, and under old leaders,
to take a new departure, in imita
ton ofthe example of their friends,
the rebels of the South. General
Rosecrans declines the profered
leadership; but in declining he
gives us his programme for the
Democratic party. He adopts near
ly every principle of the Republi-
can party, but labels it Democratic
instead of Republican. The best
way to show the difference between
Rosecrans' Democract, as he would
have it, and Pendleton's Democra-
cy, as it is, is to compare the prop
ositions of the two leaders.
General Rosecrans saysi The
enormous interest on our public
debt is producing the most fearful
inequalities in the distribution of
capital.' Who made the interest
Of the public debt so enormous? ?
1t was the Democratic party-by
opposing the war and casting
doubts on the success of the Ma.
tional Government. Who prevent
ed n reduction of the rate Of inter
est? The Democratic rarty-by
casting doubt upon the public faith
and preventing a funding of the
debt at rate of interest.
General Rosecrans says 'To
effect this we must diminish our
expense at home, establish conf
dence in our political and admins
trative ability, and increase our
credit abroad until our bonds in
foreign markets are worth what our
ability and certainty to pay war
rant; and then, from the proceeds
of the sales of q new issue, bearing
a reasonable rate of interest, and
subject to reasonable taxation,
promptly redeem every existing
bond the moment it becomes due
He says to effect this (that is to
reduce the INTEREST," we must DC.
This is precisely what the RepubIi-
can party is doing, and will con
tinue to do; and precisely what
the Democratic party is trying to
prevent us doing. We are reduc-
ing expenditure and establishing
our credit, and with the proceeds
of the sales of new bonds, bearing
a lower rate of interest, mean to
pay off the present debt. We pass
ed fundin& bill, fixing the rate Of
interest at four to four and a half
per cent, and Johnson, with the
hearty consent Of the Democratic
party, pocketed it. General Rose
Grams SAYS. No local declarations,
inviting a popular prejudgment Of
anv local questions about the terms
of payment of the national bonds,
should impair the priceless value
of the public credit at time when
it is all-important to create the
speediest means of ridding the
country of these enormous oppres-
sions. But every Democratic plat
form should tend to raise higher
and higher thd public credit, and to
satisfy the people of Europe that
the Democratic party is the last
party in the United States that pro
pose to whine or act reluctantly
about the payment Of the public
debt, even though its present hold
ers should have bought it below its
fair value What a severe commen-
tary are these remarks OF the Gen
eral upon Mr.. Pendleton's course,
and the Democratic platform
General Rosecrans says the Dem
ocratic party must not whine, but
that party and its leader, Mr.. Pendle-
tol, are doing nothing but whine
and howl to the injury of the pub
lie credit. MI Pendleton's letter
of acceptance is a dismal whine,and
every Democratic stump speech
this fall will take up and echo this
same despairing cry. General Rose
Grams says: IAN irredeemable pa
per currency, or one perpetually
fuctuating in value, is a gigantic
fraud on the people, a concentra-
ton of the evils of false weights
and false measures, and most inju-
rious to all classes, but especially
to those who live by their labor
This is all most true; and l have
myself said the same several times,
and mean to repeat it. General
Rosecrans adds: The Democracy |