The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1871-07-05
No. So.

e is true, Republicans, you will be re-
. sponsible if you keep these men il
e power.
= You would like to know what is tn,
, Democratic plan =? 1t is this: A
rapidly as possible, consistent with tn,
interests of trade, we would pay the
, five. twenties in greeEbacks at par, &C
cording to the contract-hundred dol
, lars for hundred dollars, and not on,
hundred and twenty for hundred
, The payment would be made to sui
the demands of trade. When WOO
and wheat and corn and cotton had tC
be bought and sent to market, money
would be in demand, and by the pay
!. ment of five twenty bonds, money
would be furnished for that purpose.
To guard against imitation, we propose
to issue three per cent. bonds, payable
in greenbacks on demand the bonds
to be again converted into greenbacl1s
at the will of the owner. By this
process the interest on the debt would
be reduced from six to three per cent
the amount of currency would be de,
termined by the demands of trade,
and not by the banker to suit his own
purposes. This is a business plan
and will receive the support of bust
ness men,.
RETRENCHMENT AND REFORM
Fello8-citizens The real necessi.
ty of the times is retrenchment-re-
form. Your taxes are not only stol.
en-, but are curruptly squandered.-
And in this connection wish to read
an extract from q speech made in Con-
gress by Mr.. Julian, leading Repub-
lican. 1t can be found in full in the
Daily Globe, of January %, 1861:
"Mr. JULlAN-Mr. Speaker, moth
ing is more remarkable than the grow
| ing tendency of legislation in this coun-
try to lend itself to the service of cap
ital, of great corporations, of monop-
olies of every sort, while too often
turning an unfriendly eye upon the
people, and especially upon the labor
ing poor. The cause Of this may fair
! ly be traced to the evil genius of the
times, which make the greed for sud-
den wealth a sort of devouring pass
ion, and thus naturally clothes the
machinery of government in the ac-
compIishment of its purposes. This
bad spirit which has been steadily
marching toward its alarming ascend
ency since the outbreak of the late
civil war, writes itself down upon eve
ry phase of society and life. 1t breeds
political corruption in the most gi-
gantic and frightful forms. 1t whets
the appetite for public plumber, and
through the aggregation of capital in
the hands of the cunning and the un-
scrupulous it menaces. the equal rights
of the people and the we'll being of So
ciety. So malign spirit must be res
olutely confronted.'"'
This, citizens, is truthful and
graphic picture of the times. Like a
web of ulcers the plague spots of cor
ruption cover the land, and by you
alone-by the honest men Of all parties
united together, can curs be made.
The whole expenditures of the
! federal government, less the payment
on the public debt, from the adoption
of the Constitution; till July 1, 1861,
were less than fourteen hundred mil
lions, and that sum includes the cost
of the last war with England, thirty
years of Indian wars, and the war
against Mexico; while the expendi-
lures Of the past six years, without
including a-dime paid on the public
debt, amounted to as much as the Ell.
tire cost of the government during q
period of 81 years, nearly all that time
under Democratic administration
That there has been good reason fol
this vast expenditure no intelligent
man believes, and no honest man will
assert In the name Of the people,
the Democracy demand reform, and
invite all good citizens to unite with
them in this common cause.
I could not in many days, citizens,
let alone single hour, explain to you
how all this money has been squan-
dered. Since the Republicans came
into power, swarms of new offices
have been created. Before Mr.. Lin
coin came into Office the highest Off
Ger in the navy received salary OF
81, 800; now he receives more than
$4,000. Under Democratic rule,
the highest rank in the navy was post
captain, called flag officer, when COM
manding a squadron. Since 1862,
the Republicans have created the
grades of Commodore, Rear Admiral,
Vice Admiral and Admiral, all these
titles borrowed from monarchies, and
opposed to the spirit of Republican
simplicity. During the fiscal year
ending June so, 1861, the entire ex-
penditures of the Federal Government,
less the sums paid on the public debt,
was only sixty-two millions; while for
the last year the expenses for the
same purposes amounted to over one
hundred and sixty-four millionsl
I charge squarely that since the
i Republican organization has been in
power, the legislation of Congress has
been under the control of monopolists,
and has been against all who do not
belong to the "ring" organized to
plunder the treasury. The charge is
a grave one; you will be convinced of
its truth.
PACIFIC RAILROAD BOND SWIM
DIE.
Let me give you an example. I'm
der the act of July 1, 1852, bonds
were issued 10 the Pacific Railroad
Companies at the rate of sixteens thir-
ty-two and forty-eight thousand dol
lars per mile, according to the supposed
difficulty of construction, and were
made first class lien upon the roads.
This looked like all honest transaction,
but it was cheat intended to allay
the fears of the taxpayers. The lien
was sufficient to secure the Govern
,, ment for the bonds which had been
LII 4l,a .oad ae x,.l,in