, 1873-09-29

you choose. Thoy wore ihigl,.mindcd, pntrlotio
men. They did service to their country III tho
timo Of War EE lapplauso]' bqi tley wore TOO san
esod was 's t I q fs N1as rrsad ts'S to Saysn s
to bsd Il ErosS wo my fsy rsnds Tsntsa i %sa
4 bad Investment, and tho wholo paniu through
which We hive gono in the ]ast wccl or two has
noas non investing, la,gc sums Of capital in mn
whole secret OF III and vet, during all this tine,
tho bankers have not fai!cd bccallAo they wcra
realize currency upon their property. mud now
when thor statements are being exhibited it ID
shown TINT all thcHo banks hive aBsets to pay
every aol1ar of their indebtedness. tApplause.I
"'''' "'"' WHEN A PANIC CONFESS
and thoy will como ut I'LL tmoa-thoy como in
soaaons Of prosperity, thoy como in sen:
sonH Of advor5ity, thoy como as the thief
ssssous s nsa csnaos s sna a's as whom The m0s:
30 groat fortune 10 him. Whom pa:lic comes,
It comes oil at once, md tho poope arc alarmed.
Everybody suspects everybody else, and in thcss
timer +. thoro is 10 why glate,or except to pausa
awhio;. reflect, consider, be patient, careful.
husband your resources, md thon 90 On ngainf
atld TINT is exactiy what ia being done now.
ENTIRELY AND HEARTILY APPROVE
Of the co,1rno thu has htdn adopted by the Nm
t1onal Danks III tho City of Cincinnati as,d il
otor cities, in which thoy have mudu n kind Of
quaat suspension. refusing to pny out tho great
!,ass Of t}4or mouoy 70 thoir depositors. That
the banks IN doing this thing; but thoy
must remember TINT they have correspond
ing, duties to perform to tlo people. ~
bSnx my Tor p.st 'ts own protection ana
large, for tino decline to meet their full obli4
cations; but If they do, they must DO careful.
10 DO oil their just duty to tho public, thoA
THAT NO PAYROLL. Is sroprED
for want OF money to pay. [CllecrR from tho
workingmen]. They nl,1st sec tnt no man who
has money duo him for lahor Hhall 80 hungry to
bod. They m,lat supply money, and tile worry mo-
ment dollar for dollar, and pay every check tlat
s honestly presented. if it is properly duo.
(Api'lauHo.i 1 thank God cnp sec, altIougla
not q prophet, that
THE SKY Is CLEARING;
that the panio Is oyor, trust. No doubt it ia
innjuring some here and there, inflicting some
dnmagoB, but, my countrymotl, wo must be pro-!
pared to moot these perioaicat panics. Tho
duty Of this panic, aftor al ls that 1t las not
panics did. Now, tho men who enffor are tho
high bankers, tho wealthy men. Tho peopica
money IL III their currency, tho measure Of thelt
daily toll, and as long o. TINT IL good thoy can
that the Ropnbcan party, In tho management
Of yonr financial affairs, is gradually reducing
the pnblio debt in gradually reducing taxes; in
f9rnishng X you ctsia With National banks iuatead
greenbaoks For these REASONS, as we'll
aH for aboshing elavoEy aud saving your coun~
try and putting all men on an equal footing. It,
has deserved your gratitude. Fellowctizons,
thore arc
soME DEFECTS IN OUR BANKING SYSTEM
TINT will mention. Tie first iB that green-
buck. although mighty good Is not quito as good
as gola. Now, will nevor be contcnt myself
until tho Republican party makes every dollar Of
good as tho best gold coin that WIS ovor coined.
1 know tho people and bankers sometimes say
the Government is going to contract the curre,l-
eyy, cyy, but that III all hum6uG. 1t is like Judge
payments. but wc cannot 70 back until our
money is equivalent to gold aud silver con mud
then VIC have tho bost currency III the
world. l will not dobale this difficult question.
nns M tell you. my countrynlon1, whether you are
Democrats or Republicans, that the people OF
this country ought mover to cease to agitate this
question until
THEIR MONEY IS AS GOOD AS GOLD,
aud then they arc Oh a a,,ro rock, MI eternal
foundation in nil ages aud in all countries. 1t
has got to DO an axiom III financial matters that
goll alone is tho standard Of value and the
planetary laws that govern tue universe are not
moro f1xod and absolute In their sway than TINT
law which demands that everything shall be
measured by the gold standard. aud the very mo-
1nent you mako your paper money as good as gold
coin: then you have got clrrcncy that you may,
live by, die by, aud loavo to your children and
widows without fear Or favor. Now, tloro is an
othor Hattct to which the Republican party Gun
lay credit, md TINT il III the
MODE OF LEVr1N0 TAxEH DURING THE WAR.
Wo had to lovy heavy taxos. We had soldiers to
pay, and, II necessary, ~o would have taken the
lust shirt of the backs Of the stay-at-Iomesin in or
der to pny the " Boys III Blue" But since tho war
tho taxos have hcon repealed until finally nothing
is taxed sayo whisky, tobacco, beer. and imported
n Hfi knf1t n ~ = 4nr
imported goods Now. sometimes, tho tariff ia
regarded as kind Of haf-horso.ha .hali~alligator
that Swallows children. But
WHAT is THE TAn1FF7
Tho tariff il simny 4 tax OIL imported goods,
we levy over two hundred millions i'll gold. Now,
my frionde, Of tho effects OF this is to give
na a large revenue to enable us to repeal all the
other taxes. Another effect IL that, by lovyng
own industry. We protect our. own Iabor; va
voice" No paupor labor!''l No, uir; wo want
FREQ American labor, wlito aud blacl, and oil Oh
tlS t1 same footing: Now, these people Bometmcs
for the bonotlt Of tue ric1 No, it is to giyo thu
poor man, tho labor.loving, Independent, free
man chance to riso. ii you repeal that
hm hdT bring "l1 f,bop competition ct orD1a th
While wo lovy taxes ut all, wo will
take care to put reasonable and moderate tux
on thoso articles which compete with American
industry That il what wo iMtond to do. II We
are wrong in that, turn us out. Let inc give
you
few yeAra ago thoro was scarcely any iron
made in this country. III 1860 wo put tariff on
iron, What las been tho reallt? We hnyo more
than doubled the manufacture Of pig iron. We
have quadFnplad tho manufacture OF railroad
iron. Wo have six tinos Increased tue nRuufac'
ture Of cast iron Fourteen years VIC have beon
giving our people ample labor, aud now VIC have
nv n