The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-06-20

enuOTto ovar W1oliihb'y '"o "S'sSh VI ." ="
representative cdvention.
The businossof the convention be-
ing then conceded, Gen. John A.
Logan was Loudly called for, and upon
his appearancelnd introduction to the
assembly, was. eceived with hearty APP
plause, aud spike as follows
sPEEcf OF GEN. LOGAN.
He had cone to Springfield, he said,
not to have nything TO do with their
deliberations, or TO give any advice one
way or amber. lie came because he
was a representative and citizen of the
state, to pngle with his constituents.
lie agrod with the first resolution,
because irequired the strong hand of
the lawo give the colored race the
rights hey were guaranteed by the
constitution. Without such laws, their
| rights ,ould be trampled on with i'm
punity. 1t was the duty of congress
and y state legislatures, when the
right Of any citizens were in danger, to
protect them by legislative action.
The resolution on grcenbacks was
good and of great meaning. The can-
collation. of greenbacks meant issuing
out tie only currency with which debts
might be paid, and the business of the
nation carried on; gold and silver had
Efs the agents IF fTa
hands Of the people with which TO dis
charge their obligations and pay their
taxes. Until the country was able to
discharge its obligations in hard money
it would be wrong to deprive the peo-
Gle Of the only medium OF exchange
tny possessed. There was not gold
snd silver enough in the pockets of the
whole convention to pay one mans
taxes. Why should they be called re-
pidltionists because they believe in
teonback circulation to carry on the
business of the country. There was
tot enough difference Of opinion OH
Nat subject to ALLEVIATE personal or pol
Itical friends. (Applause) 1t was
difference of opinion merely. The SEN
ator next defended his action in con-
gress. lie opposed the withdrawal of
the money thatwas paying the debts of
the country. He was utterly opposed
TO repeating the legal tender act. APP
plause.1 If that was done he would be
boarded as a repudiator. 1t would be
to rcpudlatc the contract between the
bill holder and the government. The
,.-fiodal banking currency should be
made tree, because it wat a good cur
r'ncy, based on the bonds of the gov.
emmett, the faith of the government
icing pledged to the redemption of the
Iptes. As long as the government
vas good, the notes would be good.
4bout 1000 men IN the United States
we're enjoying the benefits of the ma
tonal banking act, and they had a
monopoly which was contrary to the
PRINCIPLES of republican government
Banking should be free, and every
nan should be allowed to run a bank il
lie pleased. The business Of the coun.
tly and not statutes should measure the
amount Of currency. The United
States has not Two thirds the amount o.
currency, in proportion to its wealth
and magnitude, Of any other civilized
country. lie was not an inflationist
bu he was for the people, and believed
thy should determine how much
m'ney vas necessary to carry on the
buiness Of the country. He was for
sttking down monopoly in money. He
wuld not say there was not money en-
ou,h in the country; that was for the
buiness of the country to determine
Htquoted from the president 10 show
tn. country had not money enough
Ee saw industries paralyzed all owe
tie land, and the proprietors of man
uacturies said the reason was that Their,
YES not sufficient money. That wa
evidence enough for him that there wa
,ct enough money in the country
lie fully endorsed the resolution adopt
cd in Philadelphia in 1872. II mean
when the government had the poye
and ability to resuiae, it should resume
but not till then. 1t meant tina; anC
nothing more. The country could no
immediately return TO specie payment
without financial crash. When tn
government resumed every nationa
bank would have to resume. He wa
not opposed to specie payments, but h
differed with some men who wanted L
jump from the top of the house I,
the cellar, while he wanted to 90 dowI
by the ladder. He was in favor of tn
debtor class, and farmers who had mort
cages on their farms, for which they 20
greenbacks, should not be compele,
to pay the mortgages in gold. He di,
not want the gold bullionist Of Ney
York to own Illinois, its farms an,
homes and shops When the countr,
sold more than it bought, it was not i
debt to foreign countries and the bal
mce Of trade was not against it, but i
It's favor, it could return to specie pay
nepts. They might return to speci
payments tomorrow, but neither Ia
nor any one else could say when the
could resume and keep paying in specie
lie believed that the legislatures shout
regulate the rates Of fare on railroad
= IN the states, but congress sholld re
f gulato commerce between the states a
i provided by the constitution.
Farmers were joining the tndepen
: tent reform party to secure reforms
While the only legislation on the sub