The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1869-09-03

lore De naue 70 lHeSe AIlSLiuctS duA
convictions by asserting the funda
mental principles which ought Il
govern the future development Of this
great and free country, and at tht
proper times and places announcing
such measures of policy, based OF
them, as the exigencies of the ma
tons life aud action may require
The country requires, and the Dem
7. oeratic party ought to be, party oi
: principle, a party of life, of action,
and of progress. Fossils and fault
finders do not properly belong to the
party, and if found in i: ought to go
on the retired list, leaving to its op-
lpouents, of all shades and grades, all
narrow and sectional grounds, all
lmonopolies and fayoritism, based on
class, creed, race, color, or national
origin. The Democratic party of the
United States ought to hold high the
banner of universal freedom. Impair
tial justice and equality before the
law Of all who live beneath the flag
OF our country.
"a fact of our history, expressed
on our coat of arms by the words 'E
PlHri6us Uaunl'-many in one-is,
that we have grown many distinct
substantially self-governing commu-
mites, under one country or general
sovereignty. To cease to be many, or
to be one, would interrupt this law
of our historic life. The self-goV-
ernment of the people by States, and
the unity of the nation, are essential
laws of our past growth and life, of
which our written Constitution is but
the formal expression, and must be
fundamental with the national de-
mocracy, whose policy must be broad
enough and wise enoug h to maintain
the one without weakening the other.
1t is the combined action OF the two
principles which gives our democratic
representative system its power of ex-
pansion, and makes it work to the
wonder and admiration OF European
statesmen and philosophers. Leav-
ing the right of self-gOvernment to
the people, and removing from the
States all the burdens of armies, ma
vies. lines of Notifications, diplomatic
representatives, coinage, postal sys
TEN. and that host of Offices which
subtract from productive industry
and devours its products in the States
of Europe, it frees commerce and
travel from varying standards of
weights, measures and values, from
State tariffs, passports and spying
oficialism, and provides that the citi-
zens of one Statelnay obtain redress
or payment of claims from those of
another, without the interminable
operations and delays of diplomacy
by the intervention of courts of law.
"Based on these laws of our life
and growth, and repudiating the doc
trine that might makes right, Amer
lean democracy holds that liberty
consists in the obedience of all to just
Jaw; that these laws should be the
lowest and simplest possible, leaving
the utmost individual freedom of
thought and action, consistent with
equal rights and impartial justice
and where individual action must be
regulated by law, seeking always the
greatest good to the greatest num-
ber.'
"This is the Democracy L believe
iu, and to which | am proud to be-
long. Permit me, therefore, to indi-
cate, among the measures called for
by the present exigencies, the follow
ing in reference to the public debt,
currency, revenue and protection,
class legislation, Offices and tenures
Of executive patronage, suffrage and
the caucus system.
"The enormous interest on our
public debt is producing the most
fearful inequalities in the distribution
of capital, bringing the Government
into the money market as a borrower
at an average of eleven and one-half
per cent. per annum, to compete with
the private borrowers, and moreover
giving to bankers holding its bonds,
not only the interest, but the right to
issue notes on their credit, and use
them as money, under the nation
al banking law. This is forcing the
very life blood of capital from the
West and South ), in fact, from all
the extremities where its circulation
is especially needed, to the great
eastern countries of capital and spec
uIation, and by putting an enormous
price on capital in a country whose
industrial and business developement
requires a great deal Of cheap capital,
is gnawing at the very vitals of the
industry and business of the great
mass of people. To arrest these de-
vouring evils demands the most
prompt redemption eff our bonds, ac-
cording to the law and equity of their
issue, and that National Bank notes
should be made payable in coin on
demand. To effect this we must dim
inish our expenses at home, establish
confidence in our political and admin
istrative ability and increase our cred
it abroad, and until our bonds in for
eign markets are worth what our abil-
ity and certainty to pay warrant;
and then, from the proceeds Of the
sales of new issue, bearing u rea-
sonable interest, and subject to reason
able taxation, promptly re6eem every
existing bond the moment it becomes
due. No local declarations inviting
a popular prejudgment of any legal
questions about the terms ofpayment
of the national ponds should impair
the priceless value of the public cred
it, at time when it is all-impnrtant
to create the sgeediest means of rid
ing the country Of those enormous
expressions /; but every Democratic
platform should tend to raise higher
and higher the public credit, and to
satisfy the people of Europe that the
Democratic party is the last party in
the United States that proposes to
whine or act reluctantly about the
payment of the public debt, even
though its present holders should
have bought it below its fair value.
"Second-An irredeemable paper
currency, or one perpetually fuetuat-
ing in value, is gigantic fraud on
the people, concentration of the
evils of false weights, false measures.
and most injurious to all classes, but
especially to those who live by labor.
1.-THE Democracy should assert with
renewed vigor and determination Its