The Republican journal. [volume] (Belfast, Me.) 1829-current, 1869-09-09

money at three per cent, oiyinr its bnnds
therefor redeemabe at any time on demand.
BY this system Congress would perform an
imperative constitutional duty hitherto neglect.
Ied-"regulate the value of money" 4 pie.
thora of money, a depreciation Of CURRENCY
will be impossible when it is a legal-tender
for the payment of all debts, public and pri-
vate, and when the Government would bor-
row all surplus at three per cent interest
we NIX this rate of interest at three per cent.
because that is the annual rate of increase of
Natiohal wealth by production, and has been
lor more than seventy years. Whenever
money commands greater interest than pro-
ductlve industry earns, labor is robbed OF its
reward and inequalities in wealth are in
creased. The only possible way to secure a
tar and Just distribution of the joint earnings
OF capital and labor is to keep the rate of in
terest on money at par with the earnings of
labor. This is the only safe criterion by which
to determine the suficency or insufficiency in
the volume of money. Congress can '.regu-
late its value" only by increasing or decreas-
ing its volume, the rate of interest being the
thermometer by which to ascertain when the
supply was ample or deficient.
1t is not unreasonable to suppose that pro-
ductive industry would be simulated i'm
portant enterprise completed, and new ones
undertaken, to such an extent that as fast as
the bonds are "edeemable the entire amount
would be required in money. This would re-
| lleve us oi the standing army of collectors, as
SCISSORS, revenue agents, spies, informers and
thieves, who are eating out the substance OF
| the people, and corrupting the fountains Of
social and political influence and power. The
ubiquitous and eXOrbtant tariff laws could be
modified greatly to the advantage of the peo-
pc. This policy would save the nation from
| the disgrace ofrepudation by paying in good
| ia tn and according to its terms, every bond
and liability of the Government. 1t would
establish an American monetary system in
full accord and sympathy with our Democrat
ic institutions. Under this monarchical sys-
tenn which has obtained hitherto, capital has
owned or controlled labor, and dictated its
rewards; under the proposed system labor
Twill employ capital and adjust the proportion
of production belonging to each / view
this whole subject from the wOrkingmens
stand point; to the. advancement of their In
tcrest l am com1itted and care not for
the mere triumph Of either political party.
am hostile to the Republican party, because
| it is fully committed against every principle
which the workingmen regard as vital to their
prosperity. l support the Democratic party
because on the main questions its platform Of
of principles are in full accord with ours
While | would preserve the integrity of the
Union at any expense Of money and of blood,
| would cling with relentless tenacity to the
Constitution. l would cultivate friendly re-
latlOns, and restore peace, harmony and
Igood feeling to our country SO lately desoln-
ted by civil war. | would abolish military
ldespotism. and have all the States enjoy equal
Irights and privileges under one common Con
stitution. | would meet our c0untrymen OF
the South in such fraternal and Christian
lspirit that the bonds OF union would be indis-
lt,k1 apI otn I
movement tending to the Capitalization of
|power in the Federal Government. | would
maintain the independence of the coordinate
branches of the Government, and have the
Legislative, judicial, and executive depart
|ments exercise theirrightul functions. Iwould
lreducc the army and navy. as well as the
humber of civil officers; retrench Govern
ment expenses, revise our tariffs and internal
revenue laws, diminisha and equalize taxation.
| would stop the squandering of our public
domain by giving it to railroads and convey
| ing it to spectators. Withdrawing the lands
from the market, | would hold them in trust
for the exclusive use and occupation of actual
settlers l would invite our kindred from
Europe to come and enjoy with us the bless
ing OF free government, aid us in developing
Jour boundlesS resources and In completing
and pertecting the noblest temple of human
freedom in the worlds history. | would dis
courage the Introduction Of all insoluble ele-
ments like the African and Chinese, perserve
the purity Of blood the homogeneousness of
society, that we may attain the highest style
of Christian civilization. The Africans and
Chinese are not suitable materials for our GOV
ernment fabric
| Let us, my fellow citizens cease to be
mere paitisans-qut regarding the success
OF party as the chief end of life, the goal of
our ambition We should study our origin
and development as a nation that we may
have proper conceptions of our relations to
the past and future of the worlds history.
For six thousand years this vast continent
was kept from the knowledge OF civilized
man. Here God had built his loftiest noun
tains, channeled his deepest rivers and spread
out his broadest plains. Here he had laid up
in store houses his richest mineral treasures
and provided a soil and climate for the growth
and production of cereals, fruits, vegetables
and animals. In short, here was every thing
needed tor a perfect civilization. ''In tho
ltulnesS OF time" our fathers possessed
| the land and laid the foundations for a model
government. Hitherto the idea had prevailed
that the few We're born to rule, the many To
serve; that to work was the business OF me-
malls, but not Of kings. The right to enjoy
the fruits of ones own labor belonged to 4
new dispensaton. This truth, like the little
|
is yet to fill the earth Let Us continue to de
velop our resources, invent new and improve
old methods for multiplying the blessings
and comforts of life, laying them alike at the
door Of the cottage and the palace; continue
to bore through and level down mountains,
fill up the valleys construct highways Of oom-
merce, build manufactures in our valleys
and upon our hill-tops, lighthouses and
churches, dedicated to God and liberty. Let
us preserve our Democratic institutions in
their simplicity and purity, and hand over to
posterity our Rcpublie as a bride adorned for
her husband Let us do these things and
then the wellpaid, educated, skillful lahorer
will walk forth in a regenerated earth, sub
DUNG the elements of nature and compelling
them to lay their trophies at his feet. Then
the islands of the sea we'll rs the cont
nents will feel the throbbing pulses OF II new
and better civilization and we may summon
the nations to come up to the summit Of hui
man excellence and greatness and glory.
Fellow citizens, let us grid ourselves tor
the performance of our part in the great
work of making the world better and happier,
[Loud cheers