Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1870-09-30
THE
REPUBLICAN, RECORD.
GREAT SPEECH OF VICE PREsI-
DENT COLFAXs
Delivered at south BEND, Indiana,
Sept. 10.
G0nchtaeR.

Concl1dea.
Another cry Of our opponents. l.
| down with the banks" I do not re
gard the National Bank system as abso
lutely perfect, but when compared witt
the old system Of generous confdenc'
banks" which it superseded, the contras
/ in its favor IS immeasurable Som,
States, like ours, had a sound bank cur
rency, on which the discount, when yol
| travelled East with it, was small bu
the well remembered losses, by millions
on millions, of holders of bills of new
banks, and wild cat" banks of most O.
the States, make them compare mos
unfavorably with the bills of the Nation
al Banks which have always been a.
good a thousand miles away as a
] home, and on which no man has ye
! lost a farthing, as the Government ha.
had ample security in its own vaults tc
redeem every dollar of the circulation Of
/ the most unfortunate.
| If the banks could be destroyed, the
| first result would be the forced collec-
| ton at once of all their 5000, 900, 600 oi
/ loans to the business men of the coun-
| try, resulting in a stringency and panic
without a parallel in our history. The
next would be that-unless our opponents
conhscated the bonds which the banks
own, and which are now deposited in the
| Treasury as security for their circulation
the nation would have to pay the in
terest on them exactly as heretofore
The next would be, as their capital and
business are by law taxable by the ma
ton, by States, counties and cities, the
SIC, 600. 900 peryear now paid by them as
national and local taxes, would all be
thrown away. And the next would be that
as the Supreme Court would decide all
further issues of greenback legal tenders
unconstitutional, we should have a GER
tain curtailment of currency, wrecking
all the business of the country and
spreading the most widespread financial
disasters. Need / dwell longer on this
measure of Democratic reform
Another charge made by General
Morgan, in the Ohio canvass, and ech-
oed blythe entire Democratic press, IS that
there are balances on the Treasury
books against $40 collectors Of Revenue
tnearly ali that have ever been in oflce4
and that they are therefore defaulters by
millions. To this l need only reply that
all assessments are charged against the
Collectors, even though they may be in
litigation, or against insoIvents, or in
any way uncollectable, and remain thus
charged like the delinquent taxes on
the Treasurers books, or the accounts
of your army Quarermasters, Captains,
&c, until finally stricken from the rec
ord and that, in the few cases of de-
falcations under the Administration,
suits against the officer and his securi-
ties have been promptly instituted.
Frankly and fully have thus review
ed the results of this administration, and
replied without word of bitterness, to
the charges of its enemies. Why, let
me ask in conclusion, should the ad-
ministration be rebulxed, or the Repub-
hcan Congress driven from power p
What do you desire above all things
from your Government Is it not the
faithful execution of the laws, the main
tenance of peace, economy in admins
tration, honesty in officials, the Preser-
vation of the National honor, and all
possible relief from public burdens /?
And have not shown that ever since
the Executive and Legislative Depart
menrs were brought into harmony and
political accord by the Inauguration of
President Grant, these essentials of a
good government have been realized |?
The scandals which previously dishon-
ored the administration have ceased
The taxes have been faithfully collected.
The debt has been steadily reduced
The national expenses have been re
trenched The national credit has inn
proved. The burdens of the people
have been largely reduced. And those
priceless words, honesty and economy,
are written on the portals Of the White
House.
But I have noticed recently, as a last
card of our opponents the preparation
by their National Democratic Commit
tee, of sample-cards of goods, with the
amount of their cost in gold IN Euro
pean nations, under their cheap wages
| Of labor. It is hard to see what they
expect to gain by this. If they mean
| that this disparity could be remedied by
cheaper wages for labor here it might
| explain why, when Senator Stewart of
Nevada and other distinguished Repub-
licans, sought to pass a bill at the last
session prohibiting the importation, un-
der contract, of servile labor, and
strengthening the law passed by the. Re
publican Congress of 1862, which was
| intended to prevent the Coolie system
| of slavery in this country prominent
| Democratic Senators talked against time,
| day after day, condemning its details,
| and finding fault with its provisions as
not satisfactory to them, until at last the
great pressure of the annual appropria-
ton bills caused it to be postponed till
the next session. l will not assume that
their object was to seek to manufacture
political capital for the canvass out oi
it but / do say that their unwillingness
to cooperate in a reasonable bill that
could have been passed, and their pro.
1onged and antagonizing speeches, wher
time was so valuable, and in a body
where no previous question existed tC
stop an interminab1e debate, caused the
postponement for the session of the bill
/ have referred to. As to the value tc
the country of adequately remunerated
labor 1 have already spoken, and need
not repeat the argument.
DEMOCRACY RESPONSIBLE FOR HIGH
TAXATION. -.
Whatever the object of this election
eering device may be, have one com
prehensive answer to make to it. Tha
for every dollar Of taxation, internal anC
external, over the ordinary and ecOnom
ical expenses of the Government, {
Democratic Rebellion is responsible
do not deny that there are, and were
many patriotic men inside of the Demo
cratic party. 1t is not my habit to ar
: raign them, sweepingly and en- masse
as their last National Democratic Plat
! form arraigned all of US as guilty o
corruption and extravaganza exceeding
: anything known in history" and "un
: paralleled oppression and tyranny :
and that if we won in that national con
test, they would have to "meet as sub