Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-02

Government for the four years sine
the war equal those Of the seventy
two wears before the war. And ye
| with this incubus of debt, a war witt
England is talked ola foreign wa
ia meditated; and for what? Tt
swell the alrtedy immense debt, rais'
prices that are already too high, to in
crease taxes already insuppOrtable
and finally to establish an Empire.
On the question of Q permanent
debt l would say that no nation witt
a perpetual debt was ever free, but al
wavs in the position of slaves to the
bondholders and tax gatherers unit
I the debt is paid. This is the plan and
the real prospects of the advocates Of
imperialism, and the editorial on debt
in the first number of the LaperidttsI
would afford the proof of this state,
ment, if any were needed. What L
the motto of this same paper? " Inc
| Empire is peace"-the eXclalIatlOn
Of Napoleon when converting the Re
public of France to a despOtsm.
"Let Us have peace" said Grant
when seeking the Presidency at the
hands of the American people. So
saws Wendell Phillips and the whole
pack of Radical disOrganizers echo
| the cry. Oh! for a Peter the
Great-a ruler as stern as death
/ and as ineXorableas fate! He
reconstructed Russia and out of
/ barbarism brought civilized State.
! The ike problem with US of America
vet awaits solution. When shall we
see the iron hand that will grasp and
| hold these discordant elements until
they are ehristianized into order and
! peace?
/ beg Congress before it adjoiTns to
address the President a solemn re-
mOnstrance against the longer contin-
uance of this state of anarchy. This
IS the KEY to the talked of war with
! England. I, rs LQcius TO Cato, con-
| feSS that my thoughts are of peace,
and for the restoration OF prosperity,
national virtue, economy and patriot
ism. y treaty has been concluded
with EnS,nnd, but Congress rejected
the provisions of that treaty, and re-
ieCtCd them for the purpose have be-
fore stated. Is this drift of events not
enough 10 arouse attention, excite
anxiety, and cause the people TO de
mand Of~eVery candidate how he
stands upon these great questions of
such vital import to the future of this
once great country. ea
In all these questions, the cOlOred
man. equally with the white race, is
inttTested. When these new Radical
fridtsis come for your vote, with the
cry 1Of the horSe-leechis daughter,
tGive! - "Giver ask them how they
stand on these questions. Never mind
their views on Leagues and Radical
manipulations generally, but be sure
YOU lind ont what they think of the
questions | have mentioned.
The effective debt of the country, in
round numbers, amounts to more
than two and half billions of
dollars, and our expenditures to near
five hundred millions per annum.
The Govern4ent borrowed OF eapi-
taiists who bok.yht greenbacks at from
two to three hundred for one, and took
government bonds, and they are now
receiving the interest of these bonds
in gold. The Government never. saw.
gold, for none passed. 1t was a gi-
gantic imitation, based ON credit only;
gold was ont of the question.
A. property vanished at the South
il re-appeared ut the North. Three
billions Of dollars in stores disappeared
from the South and rose three billions
Of dollars in bonds in the North. The
misfortune OF the matter was that the
bonds went to men who lost nothing,
sacrificed nothing in the war.
L recommended Congress to
and pay one hundred and fifty mil
lions of dollars per annum, and thus
in sixteen years eXtinguiSh this vast
debt and stop the ruinOus interest. l
proposed to take the Government out
of the market aS a borrower, and let |
the equivalent 10 the hundred mill
lions of dollars 90 TO foster the COM
Incrce and agriculture, the industry
generally, of the country. But Con-
greSS rejected the measure. But cred !
itorS Ofthe Government will probably |
never get any better, if as good,
terms. No permanent debt |
was ever settled except by |
reputation, and ours never will be. |
/ am for paying all that i just and |
honorable, but no more. Applause. |
Reverse the policy of paying bond |
holders in gold, and the pensioner, |
farmer and soldier in paper. 1t Is un-
Just and indefensible from any stand |
point. Ask the Radicals to explain |
this theory of theirs; ask them to give |
their reasons for not paying all i'm the /
same coin or the same paper. II
What is the condition of Tennessee? |
Al the elements of wealth are ours, /
and all We want is law, order and pub
lie confidence, which viii bring cheap |
capital. Why is capital high? The |
Governments, State and Federal, |
through corruption and 6Xtrava-
gance, are in the market as
borrowers at high rates of interest,
and then have to turn round upon the
people and tax them to pay this in
terest. 1t Is impossible, under this
state Of affairs, for the Government to
inspire in the hearts Of thepeOple that
respect and devotion which should
peFYade throughout the land, and We
Drift further from the landmarks of
Constitutional liberty erected by our
fathers, and the broad system of wise
and equal laws.
During the rebelliOnl ! fought in the
Cni0n for Union and the Constitu-
ton, and at the close Ofthe struggle /
fought the party for Overthrowing the
by deliberately and wan
tonly violating its provisions. The
Radicals went to Richmond and
turned Jefferson DAYS. loose, and
then eaule hack u inlpeach me for
+" high crimes and misdemeanors.'
The disuniOn usurpers, after secession
and rebellion had been over
thrown, rebelled against the Con-
stitution Between the two,
jefferson Davis and Charles |
Sumner, l consider the latter the |
greatest enemy to the Constitution,
Tor though the former fought for seces-
sion, he was still for a Constitutional I
while the latter was for |
overthrOWing the Constitution and ess |
a despOtism. Applause.
, / have an indictment against these |
enemies to the Constitution. FThe !
speaker here quoted from his adj |
dress to the people OF the United |
States the paragraph commencing
= Let US turn for a moment" etc. |
These are charges l make against |
them in Congress, and i do ar