Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-24

Leaving to be provided for...-.....s2O,9s0 S5l p
The interest OF past due coupons were not
ADDED when the funding-bill Of the Radicals
was passed. Nearly ali the bonds issued 10
the railroads Z20OOO00) were returned under
the law OF October Of ls63, passed by Repub-
ncan legislature The whole amounts Issued
under the late act up 70 this time amount 20
but $500 CO., This is the whole amount fund
ed by the law OF 1873 He beard on the streets
thatla vast amount Of bonds had been funded.
All the balance that may Tall due will be I'M
der the control OF the legislature 70 be elected.
He would not say that ne would have voted
for the funding-bil haQ ne been IN the legiS.
lature-that was thing OF the past, and had
nothing to do with the present canvass.
The law had been executed by funding the
whole amount OF $500 O00. The Democrats
were charged with the passage OF the funding
bill, when twenty-five Republicans voted for
IL; without their votes IL could not have
passed IL was unkind in men who expected
10 get Republican votes TO abuse Republicans
who vote d for that bill. W bat " ouid the people
nov do. The slate, ne had shown them, had
with an income Of one hundred and forty
million dollars on 10 per annums ana yet
could not pay twenty million dollars in forty
years. He read IN the newspapers the speech
OF a gentleman who said Tennessee should
repudiate her debt, because MisslsSipps had.
IL renDesseeB tate was 70 be Mississippi Iates
then God pity Ten nessee. Reputation would
destroy the credit OF any merchant Of Mem
pbis. He remembered that when Byron went
70 the rescue Of an oppressed country, he
stood upon The battle held If IhemOpy a.,
ne saw The heights where the noble Grecian
had, with three hundred men, repulsed the
Persian armg-he said while standing there
on a Persisn's grave he could not feel q slave.
IL the people were disposed % stand by the
reputation and past character Of Tennessee, |
they must beware Of repudiaung her debt.
To repudiate the debt would be 10 destroy all |
the honor OF the land; the glory " hicn had so
long halOed Tennessee would vanish the /
mountains may stand, the valleys may bios |
som like the rose. and The rivers Cow on /
20 the sea, but her glory viii have vanishet I
forever. and when The historian comes along 4
~.
son, Polk and Grundy, Is no longer the Ten 1
nes-oe Of Old; her glory, her honor are gone, /
and her people sccrned by The world. No road (
10 disdOnor leads 70 deeper infamy than re- 4
pudiation. lie would not attempt TO follow I
The false Lights that had been fiaming before /
the people Oh repudiation. One had said the I
state could not be sued for its debt, therefore
repudiate. This was more than pleading In |
fancy or the statute OF Limitation o Just and I
you viii, this tbing Of reputation was In /
famous he knew Of no state better able 70 /
pay her debts than Tennessee, whose TAX was /
f9uT states in the Union paid less /
tax than Tennessee. The whole state tax I
might be removed, and then the people would 1
the Tax passed Dy congress that oppressed the 1
people, FOR now Tennessee pays &lOOlu,00O an. I
uuslly to the government This was due 70 /
the protective taftm- A long tine agO-he ]
didn't remember how long-when the manu- l
factories Of the United States needed the tar /
10, he advocated protective measure. But
now the manufactures OF the United States
were IN q position 90 protect themselves and
compete With European manu- factories. In
those dars be followed Henry Clay As his
great political leader. THE speaker then
quo - from Henry Clay upon he subject Of
the protective tarlm NoW the time has come
" hen these manufactures need no such pro
tegtIon The duty should be brought down 10
a mere revenue lor the economic Al admins
f-sfjon OF the government, whose Golfers
should not be filed with wealth with
which 10 corrupt and destroy the vital
ny Of public liberty and Cypress the
people in their endeayOrs TO earn al honest
living. He favored the reduction Of all State
onlcer's salary from the governor down to
constable He would hold taX-cOl lecLOrs 20 a
strict accom- tabfiity. When public men
thought more Of Il ling thiir pockets than
preserving the country's honor, then they
should leave the country. On reducing the
costs Of the chancery ana criminal courts he
,you q be radical ia his measures.
The Repu bllcauE founded s14,Nufu1 previous
10 the funding OF the " 100000 ~ the Demo-