Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-05-09
POLITICAL.
Ex-President johnson on the Situation
In Tenness see-BOyers on the
COlOred Movement.
The Political Revolution = Lamar's
Speech on Sumner-The Flnan'
cIal COnandrnm.
STATE POLITICS.


NASHVILLE, May S.-Ex-President
! Johnson spoke an hour and three-quar-
4 ters to a large audience in the public
square this evening, advocating lower
/ State taxes and partial suspension of
/ her bonded interest until the people were
| better able to meet the obligations ON
national finances. He is opposed to in
flatiOn, but as the next Jest substitute
for specie, is in favor Of free banking on
legal-tenders alone, doing away with the
present national bank currency alto
gether, thereby saving the six per cent.
interest to the government on four hum
dTed million bonds. He advocates har-
mOny among the conservative men of
all parties, and is in favor of bringing
the government, both State and ma
tiOnal, nearer to the people by giving
| them the power OF electing the Presi-
dent and United States senators without
the aid Of legislatures or electors.
Now, have no right to charge. nor
do [ charge, that the object of those who
voted for the resolutions that were final
ly adopted by the meeting was to split
the party into pieces. / do know that
many who so voted had no such inten-
ton. But l do say that if any consider
able number Of our people should, un-
fortunately, fall into that way of think
ing, il would be an evil day for us. |
hope, and believe, that all such ideas
viii be chOked to death all over the
State before they fairly get TO breathing.
[ Under the speciOus and deceptive pre-
/ tense Of relief to the people, there lies
I concealed the hideOus monster repudia-
ton, which Will soon rear its head and
strike its fangs deep into the public as
well as private credit. The prosperity
Of our State, everything, depends upon
/ our good name. Rob us Of that. and we
/ drop back into poverty and disgrace.
/ Whisper the fell word. and enterprise
aud capital will vanish from ourbOrders.
/ Our vast coal and irOn-mouutains, that
I now throb with the pulsations of a new
4 life, will De as still as before the flood.
/ We must keep honest-if not for hon.
/ esty's sake, for our own interest. Once
/ unchain the demOn-repudiation
! down topples all credit. Counties and
/ corporations would catch the contagion,
! and ruin would be universal. The word
/ should not be even whispered. From
! Colonel Tom B0ydr'S card deao1nlcino
! the COlydr Increment.
Every man ought to pay on what he
/ is worth, let it consist in what it NAV.
/ The man that has i've hundred-dollarsi
! worth Of any kind of personality ought
! to pay as much as the man that has five
/ hundred dollars worth Of land, and the
/ man that has five hundred dollars
worth of merchandise should pay on
five hundred dollars worth and no
/ mole. You will say the interest on the
/ public debt must be paid, funding or
| not. That is right, for funding is q
/ question OF the past; in future we must
look 10 the payment of interest, and
the liquidation OF the public debt, with
the current expenses Of the State
n D. j. NO5lett IN the Fdgette O6Ser-
Ter.
The jackson Wing and Tribune says
that General Campbell will carry Glib
son county in the coming contest for
governor. Gibson has not expressed
her preference as yet for governor.
Judge Porter has many warm, infiuen-
tiaI and strong friends in Gibson, and
could not be easily disposed of by any
other man. With all lue Difference to
the generals acknowledged ability and
fittedness for the Office of governor, or
any other, we think that the Wing and
Tribune steps into the imaginative
when It writes US for Campbell. Gibson
viii cast her vote solidly for a warm
hearted and strOng-minded, well re-
puted man; such a man, we believe, is
Judge POrter.-Rlfm5Oldt Journal.