Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1869-09-09


WAS nominated in place Of Mr. Pendleton. But
the Democracy of Ohio is attempting to foist
unon the people now the very candidate whom
tn, Democracy of the whole Union refused to
indorse- '. - 80
THE rAsIFy oUEsTIoS-NEw ENGLAND TEA, &C.
Iask vour attention briefly TO the third reso-
luton OF their pIat form not intending to discuss
il. but TO point out pecuIiarity in 1t: THAT
we denounce the high protective tariff, which
was designed only in the interests OF the New
England manufacturers, that said tariff is also,
by its enormous impositionso on salt, sugar, tea.
coffee and other necessaries, as oppressive, es-
pecialiy upon the people of the West" &c.
For the present, we must raise large reve-
nue.. and the revenue we are raising arises
largely from duties ON imports But this is the
ides of tne Democracy that II is lin the interest
of New England to have n protective duty on
salt. sugar, coffee and tea Did anybody ever
before hear of New England producing tea cof-
fee sugar and saite And that in order 10 grow
tea and coffee. manufacture salt and grow cane
and make sugar. New England must have
high protective duty on these articles, aud that
thereby the West is suf ffering by this oppression
on the part OF New England Laughter Now
if an ybody will tell me what intelligent finan-
cier drafted that resolution will be glad 10
make his acquaintance and inquire of him in
what part of New England these products are
raised. Irene wed Iaughter.l None of the firan-
ciers who managed the tax bills and appropri-
ated bills of the Ohio Legislature. last winter.
could have been the author. tf,.r.. ..,. ......
Fellow-cltizens, when the great necessity for
large revenue is lessened il will be time
enough, 10 discuss the abolition of productiye
duties. There are many particulars. no doubt.
In u hich changes are needed in our custom
laws-sorae duties that are excessi We and nm
wise-but the meaning of this resolution is past
all counrebension- > ..af5str .lfs ~. -.
--l.. THE HOMESTEAD LAW. -- as.s .-f
Let me call your attantion to a ciause I'm the
fourth resolution with reference to the hours of
labor of the working man. and to that other
clause thrown in about public lands to actual
settTers-the homestead doctrine Has the De-
mocraey forgotten that from 1850 to 1860 the Re
publican party was fighting for the homestead
law. and was always voted down ,,v the DEMO-
cratic party.
Have they forgotten that ii, 1sco the Republi
can party passed a Homestead law which was
vetoed hy James Bucbanan- but was mt strong
enough TO pass il over his veta- Have tbey
forgotten that tt Was not until we had a Reuub-
lican President that sucb a law was passed in.
spite of the almost soiid vote of the Demecratic
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ssRedesm the Grssnbackso "'
Secretary Boutwell, has been reducing the
interes.- bearing debt of the United STATES at
the rate of about SIC. 900 900 per month. Under
his policy the public credit has risen and the
premium on gold fallen. He has moreover. SO
managed his disbursements from the Treasury
as to give relief TO the money market in a peri
od of unusual tightness. Yet this does not
satisfy his critics. What some of them now
profess to want is a redemption of the green
lacks that have already matured, rather than
bonds that bear interest and have not p1atured
Let the latter wait and bring the former up to
the gold standard by exchanging specie for them
at par. Redeem the greenbacks, and not the
bonds" Such is just now one of the forms of
objection TO Mr.. Boutwe.Ps present line OF
policy.
Now. we beg leave to inform these objectors
that Mr.. Boutwell, has no legal authority to ap-
ply dollar of his gold receipts to the redempt-
ion of greenbacks. The law requires him to
purchase In each fiscal year one per cent of the
funded debt of the United States. and this law
he is carrying into effect. The amount of bonds
SO purchased is more than sI00 600 900 less than
it would have been if previous secretaries OF
the Treasury had simply done their duty The
bond purchasing policy is not The policy which
Congress has required TO be pursued but, as a
matter of fact, IL has served considerably to
reduce the premium on gold without curtailine
the volume of the circulation. and will continue
to do so till gold and greepbacks shall become
very nearly Bar with each other. While lessen.
ing the amount of interest to be paid out by the
fIovernmep, IL is ranid,v 7preparfns the vav
for funding the five-twenties alta lower rate OF
interest All this it accomplishes without
contracting the currency or embarrassing the
operations of trade, either of which at the ]
present time would be serious financial ca
larnity. I, s..rif.. .a..fu fi s.aga sm
Let IL be remembered. also. that greenbacks: