The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1870-09-22

known to the people in all their busi-
ness transaetiens. We invoke Il e
manhood OF tile masses TO resist SO
foul wrong, whoever may propose
ito inf1ict it. ssitgs.s
( The way of escape from unjust and
Oppressive exactions,. pay the debt
honorably according to its terms, and
at the same time encourage and de-
Evelop the productive industries of the
country, is plain and practicable.
There are five hundred millions of
bonds now redeemable at the pleasure
of the. Government. The National s
Banks have a eirculatioa o. :, say, three II.
hundred million. These institutions :
are powerful for evil, withoutsa singleIo
Ecounteryailing, benefit. gGen. jackson
t'had hard work to kill one United Q
States. bank, now we have over six-9a
teen hundred, and against their COM 8
isbined influence to control the Govern
Iment all lovers of free lGovernment
must array themselves. They are use=
Hess and dangerous institutions. Their
presid dents, directors and stock oldersal
I'LL the halls of Congress- and there 2
Ilcannot be aEdoubt that they had muchil
to do in enacting the.bill to strengthen
the public credit, and silence the re-
tlpublieans who were opposednto the :
gold sWin6lle.stigi 10 s4oiinsy % iaaoi.
Money based uponthe entire wealth
of the nation, made a-iegal tender for
all purposes, isicertainly as safe and
desirable as National Bank notes. o
Call in and cancel the bank notes, re-
Fdeem the five hundred millions of
bonds with legal tender money, and
you save thirty millions of gold in
terest without increasing the circula-
ftion beyond what is absolutely need.
led for the requirements of trade.
l. You will then have increased the
volume of paper money only two
hundred millions, and then have three
hundred millions less in circulation
than when the debt was contracted. :,
Who can deny that we need more
money since our highway to the Pa
cific has greatly enlarged the area of
circulation, and the South, idesoIated i.
and devastated by war, is again to be
fefitted and its vast resources made to
enlarge our means of meeting our
national obligations. AS other bonds
are redeemable, pay them in the same
manner, or ifpreferred by the holders 4
give them others at areduced rate Of
interest convertible into money when J,
desired, The attempt to, pay of these
bonds in gold, eyeii5 i6lpracticable, Z,
will oyertax the resources of the peoLsn
pie, and rest like a mighty incubus
upon the nations prosperity. By 4
adopting, the plan proposed the adebt-0
Icorse.Wilt beitjhst to- themselves and :;
generous to their creditors. ieg5S
+ tasz.55s.,.,iG CONCLUSION. sf.fs IL s-gsffgf
have thus, my fellow -citizens, Civ
en- you brief summary of this cam
vass. In reference to political parties
l will only say, that whatever may
have been the excellencies of the Rel.
publican party, and however glorious
its early history, its days of usefulness,
have passed, and, the sooner it perishes
the better for its posthumous reputa-
tion and the better for the country.
|, Thousands connected with that party
feel as lido, who yet cling to it with
filial devotion. The Democratic party
on the issues of to-day must bring in
to its ranks vast number, who have !
been active Republicans, and who feel !
mortified that the party leaders have
sold out the organization to monied
Ioligarchy. The platform of the DEM
ocratic party commends itself to my :.
earnest approval and support, and
while the party is true to. its present !.
principles will be true to it. [Great 3
cheering = - -
D -----s0S--
= a. A'lsEaf