The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-08-29

Dublhete anu CVinmtiS'"i 'N
country.
The resolution was received with
applause.
A. j. Hunter, of Quincy, said he was
a member of the minority committee.
The committee had no controversy as
to the resumption Of specie payments,
nor as to the restoration of gold and
silver, but the difference was as to the
payment of the national debt IN the
money of the civilized world. The
amendment provided that the debt
could be,paid in any money. They ia.
vored the same kind of money for the
boudholders as for the laborer. The
majority was in favor Of paying OUT
only one debt in gold-thc debt to the
bondholders.
Mr.. Harrington said if the conven-
ton understood the gravity Of the ques.
ton, there could be no doubt as to its
final action. The amendn cnt was re.
pudiation and nothing else. The pur.
pose OF paying the debt in the recog-
nlzcd money OF the world had been &C.
cepted at Chicago, as the only mode by
which the democratic party could get
rid of the false accusation that it was
A Parry OF REPUTATION.
The democratic party had suffered
from misrepresentation in past, and to
day they had to face the music. Ii they
voted down the resolutions submitted
by the majority of the committee, they
would stand forward as repudiationists.
The republican party defeated them on
this issue at the last election, but they
had gone back on their record. Presi.
dent Grant had vetoed their action, and
the democrats stood square on the sub
ject: The clap.trap argument that the
greenbacks we're good enough, was the
Pendletonian idea, which had been re-
pudiatsd. 1t had come to grief, and
deserved its fate. The resolution left
the matter of resumption open to fu.
ture legislation. Let them fix time
and name a day, if they could do so,
and not get back to clap-trap express.
ions. [Applause.
JUDGE EDMoNDs,
Of Hancock, thought they would lose
thousands Of votes by the adoption of
The maj resolution. When could
hey resume? To attempt to resume
to-day without anything with which to
resume, was fallacy. Would they at.
tempt to resume with their pockets
empty? -Four years ago greenbacks
we're 40 per cent. Gold had fetched 200
per cent. To-day it was nine and a
half This result has been brought
about by the determination of the
country to pay their debts like honest
men. When? To-day? No, but when
they were able. He proposed to wal.
until paper was equal to gold.
Mr.. CRIBBs,
Of White, member of the minority Of
the committee, urged that thete was
not man there in favor Of repudia-
ton. They were all ready to pay their
debts honestly. lie did not see why
the convention should desire to place
the national creditors in different po-
si',on from the rest of .h. "O.ii. They
oid MOI desire equalization, but they
did not want to put club in the hand
OF their enemies to attack them.
(Applause.)
J. II. oBERLY,
Of Alexander, said the majority used
The word speedy in connection with
specie resumption. The others spoke
Of 1t as at the earliest practicable mo-
nent. There was no difference prac.
lcaliy between the two. Speedy re.
did not mean immediate re-
sumption. 1t might not be for years.
Alter the position taken by the com
nittee in issuing the call, he felt
bound to support the report of the
majority Of the committee.
The resolution of the minority was
negative assertion in favor of the
proposition of paying the FIVE twenties
II greenbacks. Pendletonism had
,ro.pered in late years, but in New
ork, Seymour took a direct issue and
ucceeded. The presidential platform
ook the ground Of financial honesty.
'ut the resolution was read differently |
The west, south and east, and the |
arty was defeated, lie regarded the
linority resolution as favoring repudi.
ton. Did they wish to pay the bonds
greenbacks? Such icourse was
IMPLY whipping the devil around the
Jump. lie desired to put greenbacks
-st equal to gold, and then paw for
'nds. Let them pay to all in gold
ie laborer as well as bondholder. The
invention would make a great mis-.
Ike II 1t placed itself in the false DO.
hon OF negatively asserting that the
itlonal Indebtedness is moi payable in
c money Of the civilized world.
col. MORRIS,
Monroe, spoke in favor of the ma.
fty report. lie understood the re.
1T to say that specie payment could /.
I be resumed to-day, or next year,
i that 1t was the proper basis for the .
un'ry, and they should now start in y
at direction, and never turn back, .
&c declaration in the other resolution q
a been the standard for years, and =,
d the people had lost faith in it. =;
$ soon as practicable" did not mean .,
ything' There was time when G.
debts Of the government must be -
d but il it was before specie pay. !"
Mt was resumed, in what was the %
1t to be paid in the meantime -
~ 1t gold or greenbacks? Was the =, -
igatlon OF nation less than that of H.
individual? If not, why should ="