The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1871-09-28

defence of the bondhoIders and ma
tional bankers, denouncing all those
who were in favor of paying the $40
bonds in greenbacks as repudiation-
lists; asserting that an individual who
refused to pay his debts according to
agreement is Aief' and bar, and that
anation which refuses TO pay its debts
according to agreement, is a nation of
There's and liars. He had probably
forgotten the resolutions of the Re-
publican State Conventions of. Ohio
and Indiana IN 1868, Declaring that the
$40 bonnds were payable in legal
tenders |; he had possibly not read what
Fhad. Stevens, Senator. Sherman and
Gov. Morton said upon that subject
before they sold out to the corrupt
money ring. He extolled the Nation
al Banks, which he thought furnished
the country a better and cheaper cur
rency than greenbacks, though he
must have known that if person
holding a note of one of these banks
presents it at its, counter for redemp-
ton, it will beredeemed with green
back, which is considered by these
feed attorneys of the privileged Or
ders, as good enough for the people
in all the walks OF. lite, bat not good
enough for the Radical pets; besides
that it costs the Government over
twenty millions of dollars to supply
bank currency which might be saved
1I4by the government lssuing it itself
j And again he asserted that if the gov
ernment were to increase the volume
Eof currency by issuing legal tender
notes instead of being able TO borrow
kmohey, as now, at low rates of inter.
est say per cent, it twouEd go up to
j II, Is and Is per cent, as it was q few
years ago There was not an, intelli'
gent business man, among his hearers
4 who did not know that the argument
was built upon rotten foundation
that Interest is not now. low nor can
/ loans be obtained ati7 per cents. and
that the few years ago to which he re-
ferred during the plethora of green
backs, when the bondholders loaned
their money. to the government, inter-
est did not reach III, 15 and Is per
cent, but, on the contrary, was much
lower than at the present time. 81 The
argument of the General to prove
that the less money there is in the
country the lower. the rate of interest,
and the greater the amount, the higher
the rate, was too, shallow to deceive
the idiotic among his hearers
Upon the subject of the tariff he had
but little to say and did not attempt to
enlighten his hearers. But, he thought
that, with the immense .burthen upon
the country, we needed a tariff for the
purpose of obtaining revenue. But
there is the iub. A tariff law which
imposes ssuch!a duty on certain COM
modities as enter into general use
among the people, as to exclude their
imp portation, in order to give to East
ern manufacturers and PENNSYLVANIA
iron lnongers the monopoly of the
market, can be hardly be said to be a
tariff for the purpose of obtaining rev.
enue. Quite the contrary The Gen
eral was highly delighted with the act
passed by the last Congress authoriz-
ing the President at his, own sovereign
viii and pleasure to suspend the writ
of hd6eds corpus declare martial law,
set aside all the authorities of any and
all the States, arrest and lmprison any
of their citizens without allowing
them anv recourse to any tribunal to
know byawhat right or authority and
for what cause they were arrested and
restrained of their liberty. Although
it clothes the President with absolute
power over the lives and liberties of
the people, he rejoiced that the Ku
Klux law had been enacted, and hoped
when it expired it would be re-enact-
ed and kept in force until the South
was entirely gwen over to the rule of
negroes and carpet-baggers. He went
in for the Civil Rights bill some, he
did; but'he forgot all about the snub-
bing Gen. Cox got for insisting up
on civil service reform. And if the
government has been and is now be-
ing as honestly and ably managed as
he, asserted, it is difficult to under
stand what reform is needed in this
particular. He reioiced to think that
there were two classes of voters-the
soldiers, rs,and-thesnegroes-who,Would and the
not go back. oHithe Radical party. The
Democratic "new departure gave
him some little uneasiness, and he en-
deayored to make his hearers believe
that there was no sincerity with the
Democracy upon that subject. He
then pitched into President Buchan-
an, bestowing upon him such choice
epithets as :" traitors old scoundreI
and villain charging him with hay-
ing. inauguratedithe rebellion. 1t re-
minded one of the story of the jack
ass kicking the dead lion. He wound
up his harrangue by referring to the
charges of corruption against some of
the New Y ork City officials, and
sought thereby to blind the eyes of
his audience to the extravaganza, cor
ruption, and downright robbery that
is carried on by. the Radical Federal
.ofHice-holders. sd, 9Ts as3E' ss.i : i .
Thus ended the grand Radical fzzle.
t-5aif - Sse.2---------s2 g
GEN. GRANT has not vessels enough
to protect our shipping on the coast
of Mexico. Why p Itis, as the New
York Sun claims, because the Presi-
dent makes money out of the protec-
ton of .Baez, and can make nothing
out of the protection of our interests
on the Mexican coast? The matter.
certainly needs explanation. That
the power of Baez has been perpetu