Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-04-05

~ - - trny ~ hsNAA@AAOl -AOElOn'l
2sd of February speech and Re
view of his Political Record ans
the Financial Policy of the Re
publican Party.
LANES AND GENTLEMEN I am here 10
night 10 speak for the labOring taxpayer.
OF Indiana. | am not welcomed on my
return to this capital by those who owl
the bonds of the Government, and live in
luxurious idleness upon the hard earnings
of Others. The national banker with his
thirty per cent of profit wishes no reform,
and extends hofriendly hand TO me. The
Spectator who grew rich upon the mis-
cries and the necessities of the people,
whose constant greed upon all the indus
tries of the nation is like the fierce gnaw-
ings of the worm that never dies, assumes
the virtuous bearing of the Pharisee, and
holds no communion with the advocate OF
equal taxation and the friend of equal
privileges. The fat drOnes, the robbers
Of the hive, come not here. They have
Z had their meeting and their speech. Their
Nablest advocate addressed them here
on the 22d day of February last.
Their principles were then represented,
and their crushing extortions justified and
approved. Their ill-gOtten money, too,
opens the columns of a powerful press
for the wide dissemination of their bane-
full doctrines A monopoly of wealth
wields an appalling power, and is now.
fastening the yoke of an absolute bond
age on the Bonded neck of American
labor. The issue is made up, and | es
pouse the cause of those who fulfill the
DEGREES of God by earning their bread by
the sweat Of their faces, whose hands are
hard from toll IN the shops and. in the
fields, who have none of the privileges Of
wealth, and who bow beneath all the
burdens of the Government. | belong 10
them by birth right, and my life is dedi,,
Gated TO their service. If they shall tri-
umph in this contest, their victory viii be
the only reward | seek. If they shall be
overcome and tTampled under foot by the
power and the corruption of the central
lied capital in the hands of the favored
few, | am willing to perish with them in
the general ruin.
TIE NATIONAL DEBT-EXACTT ms AND
UsUHEs.
On the 2Sth Of January l addressed the
House of Representatives on the subject
of the national debt. | desired to make
it known to the people what claims the
bondholder had TO their favor and support
what claims he had to the constant
liberality of the legislation of Congress.
1t was my purpose TO show that so enOr-
nous had already been his gains from the
labor of the country, so pltiless and mer-
cenary had he been when the nation was
bleeding at every pore; so cruel, harsh and
merciless had been his eXactions, his
usuries, and his ghastly speculations on
the tears and sorrows of the people, that
he should now be held within the strIctest
limits of the law of the contract, be
bound to The most rigid accountability to
his own obligations, and be made subject
to the same assessments and taxation
which now rests so heavily on every other
interest in the land. | aime1 to point ont
the wholesale plumber which he has in
ilicted and is still inflicting on the indus
try of all classes, the distinctions
which are made in violation of law by
she present administration between
him and the wounded pensioner, and the
bereaved widow and orphan of the war
in your midst, the superior sanctity which
was claimed and accordedtO selfish wealth
over patriotic flesh and blood during the
struggle to suppress the rebellion and
since. | exploded by the unerTing tests
of mathematical truth his swelling and
spurious pretensions to be regarded as a
public benefactor challenging the nations
gratitude. tore away his mask and his
false robes and exposed him in his true
shape-an ugly, STOPPING, cunning visag-
cd spirit Of Mammon-the spirit most de-
graded even amongst that degraded throng
who inhabit below.
In accomplishing these objects in behalf
of labor against its oppressors, l made
my calculations openly in the face of day,
and submitted the very processes by
which | arrived at my conclusions to the
inspection of the House and of the coun-
try. In my place on the floor invited
denial and COurted contradiction. The
official facts and figures upon which al
my reasoning rests are as accessible
TO sny other member or Senator as
to me. They would be most will
ingly furnished by the Depart
nent if it was found that they would
confute me in the slightest degree upon
any single point. The most powerful,
active and INSCRIPTIONS class in the
whole c0UntTy-the class of unprivilegcd,
untaXcd wealth-is interested in meeting
the exposure, and in destroying its force
upon the public mind. The incentive,
the ability, and the opportunity, there
fore, all combine for an assault upon my
positions if one could be successfully
made presented the amount Of bonds
issued year by year. Was ! correct in
thatl If not. the books of the Register
of the Treasury will furnish the proof for
my confusion. They are open to in
spection. / gave the average price of
gold during the several years in which
ihe bonds were sold Who disputes that
statement The whole mercantile world,
and the records of daily financial transac-
tons in the shops Of brokerage are the
witnesses of It's truth. The quotation
calendar Of Jay Cooke & Co., and the
money columns Of the New York Journal
Of Commerce stand 81 unimpeachable
authority in my favor. This then makes
the difference between the face of
the bond and what it cost
as clear as light Who fails TO
see III Who prciends that il is obscure
This difference, which I designate a-bOnus
given to the bonJholder to induce him 10
loan his money, I have estimated for each
year-calcula'ed the interest already paid
10 him on this bonus, and the interest yet
) to accrue on it by the time the bonds fall
due. ! have added these several amounts,
bonus, interest paid, and to be paid OF
bonus together, and deied, as | do now
here, any one to show that the Govern
ment ever received one cent for this stup
endous portion of the debt Has anybody
even attempted this taskl Would it no
have been done, had il been possiblel TIT
amount thus based upon no consideration
some Of which has been paid and the rest
of which remains IS an obligation fol
each future year reaches the vast sum OF
1850, 55S, $50. Has this fact been dis
putcdl Every detail upon which thu
calculation was made is before the country
They are I'm assailcd because unassailable
SENATOR MOTIONS TwENTI-sECOND FEB
RUARY sPEECH-ITs ERRORS AND MIS-
REPREsE NTATIONS.
his billEa ilC 10 C'ASiHCl w vi.
strange speech made by Senator Morton
in this city, on the 22d of February.
was strange speech, because his reputa
ton and official position would seem +
be a warrant against the wanton and reck
less misrepresentation with which
abounds in almost every sentence.
was strange, too, because detection an
exposure are so easy and so sure TO fol
low such shallow and transparent fraud