The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1869-05-22
ANOTHER SPEECH BY SENA-
TOR SPRAGUE.
A Reply TO ono or his AssaiInn1s.

The tclegraphic summary of my recent
Ispcech, as we'll as tho report in tho Globe,
has some material errors. They may be
assured that my words and courage do
not rest on wine or whiskey, or any other
stimulant, but upon the knowledge Of the
shrinkage of property and the loss Of vir.
tue going on around nc. Ny great aux.
iety is to effect cure now. The remedy
is now accessible, year henco il may be
beyond our reach. My leading idea is to
correct a condition of things of which
the following is perhaps an aggravated
case. But it is substantial illustration
OF the condition throughout the country.
A man in Washington has $4,000 loan.
ed out, in sums OF fifty dollars to the poor
at ten per cent. per month, and secured
by chattlc mortgages. When the victim
is exhausted, demand for payment il
made, and in default Of payment the
property Is sold for one.fourth or one.
half its value. The plan 10 correct this
Is to place within the reach Of every man
OF enqrgy aud industry, capital at low
rate OF interest, upon which he can labor
and make profits. This is the one have
in view, and il substantially the one In
use in England, Belgium, Holland and
France, tho most prosperous States Of
modern times; and to exclude the plan
We have adopted, which is best exhibited
BY States like Spain, Mexico aud the South
American States. call your attention
to State 10 the American Uuion (Ken.
tncky) which has adopted system simi-
lar TO that | have advocated. Kentucky.
Il may be remembered, is the most pros
porous farming State in the country.-
The general purpose is TO restore to the
market, for the use Of tho people, all the
capital in the country. in con,radistinc-
tion to the method now in use OF keeping
tho same out Of reach OF the people, aud
in localized and centralized situations
This is TO bo effected by the Treasury OF
the United States, which is first made
strong in means, aud then use that
strength on the market TO unlock aud dis.
tribute the boarded capital. The pres
cnt danger, in my judgment, is greater
than when the rebels cred on Sumter and
moved on Washington. / utter no words
that are not deeply considered. / made
no attacks on individual senators prior to
attacks on mo. wage war On the legis-
lativs aud executive power ~ exercised
by this body, and on tho disastrous re.
suits Of its action. If there is any body
here or elsewhere who attacks me, / shall
move on the enemy's works to the best Of
my ability. Following out the idea, /
shall undoubtedly antagonize myself to
those who have been fayori;es with the
people. as was the case 10 my last re.
marks before the Senate, and on which
some part Of tho press has commented
adversely. But let il be so; / will not
logger sit aud hear incorrect statements
concerning our conditiou-our drifting
coadilioa-come from whence they may.
To cure "a evil we mus, know Its charac.
ter and not mistake it. Let those Who
think | Am crazed, study IS have done
for three years past; let them examine
without prejudice. patiently as l have
done, into our exact situation. Ask those
around me if there be any substantial
difference between the opinions | now
avow FROM those have heretofore indica-
ted. My present work is to show tho
plan that will remedy our evils. This
will take time aud investigation. II is
clear as the MONDAY sun to my own mind
but to prove logically and with satisfacto.
~ reasons il the work to be accom- plished
now. The demand for my several speech
cs will be speedily met. have had NO
one, nor have had time myself, to write
word in answer TO the multitude of let.
ters have received, but shall send my
speeches into every city and town, and
! on them I stand.