Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1869-08-27

OF THE DEMOCRATIC PLAT.
FORM. -.
Extract from his Speech Delivered a
MT. Vernon, Ohio, Aug. IL, 1859.
Iwill notice only a few points in niheil
platform.
1 REPUDIATION. .l.
First, we find them attacking the
1 Duolio debt. Everyb body knows thew
hate the debt. They hated it from the
beginning, not 80 much because it was
a debt, but because Il means the war;
because it maans restored liberty; be-
cause ig means crushed rebellion be-
cause it means slavery abolished; be-
cause il means free men everywhere;
because it means all the suffering, all
the heroism, the honor of the war, e1
pressed in the form of national obliga-
zion, and IL is the most natural
thing in the world that the Democracy.
should hate IL, They hate all who pro-
ducsd Il, and the product itself; and so
the first resul 0tiou Is this: THAT the
exemption from tax Of over two thous-
and dve hundred millions of dollars in
Government bonds and securities is nm
just to the people and ought not to be toll
appropriation for the payment or in
Jerest on public bonds until they are
made subject 70 taxation"
Think OF that for moment. wish
rhe Democratic party would not make
It necessary for as to dispute with them
on matters of fact;
Why do they say "tWentY-fiYe hum
ired million dollars Of bonds, when they
know perfectly well that with the bonde
Ofail sorts, and the volume OF RrPenbaok
currency added, the whole debt d0es
uot reach that sumf Why do they san
this when they know the bonds of the
United States are five hundred milliOB
dollars less than that aum3 They think
The mass Of the people are not we'll In
formed IN regard to these things, and
that this exaggerated statement Will
carry more force than the truth
Their platform begIns with this reck-
less Intsstatement, which they know e.
Oe such every month when they read
the official statement of the public debt.
They are opposed 20 paying the inter
est on the public debt, until the bonds
are taxed; yet every intelligent R1An OF
them knows that the Constitution OF
the United states makes tt impossible
for the States 60 tax these bonds. They
know il has been dectd ed, ,soVer and over
again. from Chief 41dsiice Marshall
down 10 Chief Justice Chase, that II
cannot be done. IF every State ia the
Union should bass laws to tax the bonds
not one ceAt would be collected. They
know thIss and yet they say they are
not w-illIag that the interest shall be
paid Rntil that unconstitutional and
impossible thing shall be done. This
4bsurd thing our Democrat Legisla-
ture Of last winter attempted, and that,
too with n full knowledge OF its Rbsuri-
~, But some one perhaps, will say i
GneY mean That the General Govern
meut itself shall tax them. L answer
that thB Government does tax the In
comes On these bonds as IL taxes iu-
comes on the products of the Hlanufac-
tureF, and other industry. u. .s ..
Look little further. In that second I
resolution they declare that they still /
indoEse the old PendIstOntaH plan of i
paying off the bonds ia greenbacls, /
and il their payment in gold is persist
ed in it Will lead to rrpudiRtiOn. They
know perfectly well that that issue was
'ried last November Throughout the 1
United States, aud decided against Mr.. /
and In favor Of the honest
payment Of those bonds, and they say /
that decision iB going to bring about !
repudiatiou. Tbis resolution is, in my
Judgment the forsFunner Of proposed i
'epndiatiOn, and can mean nothing /
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