The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-07-01

Are singing q sweet thanksgiving,
For the love that is divine.
SENATOR LOGAN'S SPEECH.
We take the following extract
from the speech recently delivered
by Gen. LOGAN, of Illinois, at the
Republican convention of his State
His views are sound and true views
and we commend them to our read
ers:
The next proposition is q reaf-
firmation of the Philadelphia reso-
luton in reference to specie pay.
ments. I indorse that fully. I
indorsed it years ago when it was
adopted. I canvassed the country
upon it. I stood upon it then, and
l stand upon it to day. [Applause. ]
When we made the canvass against
poor old man Greeley, who said
1.-The way to resume was to resume,
I said I was for resumption at the
earliest practicable moment. What
did it mean? Simply the earliest
day the government had the ability
to do it. 1 am in favor of that yet.
Let no man fatter himself that we
can return suddenly to specie pay
ments, without a grand crash and
almost if not entire ruin in this land.
And / will give you the reason; to
return to specie payments you must
have gold and silver enough for
the redemption of whatever may be
presented for redemption. Every
national bank in the country must
return to specie payments at the
same time. Why2 Because the
Government of the United States
will then redeem in gold, and the
redemption of the national bank
currency must also be in gold.
How much money have we got?
With $140,O0O,OO0 of gold and
silver we must undertake to pay
$6O,O0O,OOO interest per annum
abroad, and $50, 100000 in gold on
account of balance of trade against
us; being $12O,OO0,OOO in all.
Laughter When they say oi
me: "He is opposed to specie pay.
ments," it is not true. The only
difference between those who claim
to be for specie payment and my
self is, that they say ''do it al
once and I say "you can't 1 an
as ready as you are, but they want
to jump from the top of the house
to the cellar and break their necks
and I want to get down from The
roof to the ground by ladder
Laughter and applause want
to return to specie payment grad
ually. I want to return honestl,
and fairly, in way that will no
bankrupt the country. 1 dom
want the debtor, who has a mort
gage on his house, mprtgag'
made for greenbacks-I don't wan
him ten days afterward to hav,
gold demanded upon that mortgag,
applause, but I want him to pa,
gold only when he has gold to pa.
for other things. I want th
change to be made so that gol'
and silver will be circulating me
dium again; SO that poor man
debtor-can have an opportunit
to get something to pay his debt
with, when the gold is demanded
as we'll as q rich man. On thi
point then, gentlemen, there is n
difference, except a difference {
time 1 can't name the time for
, return to specie payments. Neithe
can they. It may be far off or neal
don't want to do it in the manne
:. in which England returned to sp
Gle payment after the Napoleoni
wars; when. by trial after tria
having reached specie payment
t she bankrupted debtors all ove
: the land. and the property wei
into the hands of few men, and
remains there to day. Idon't wal
that to occur here in this county,.
!, I don't want the bullionists
{ New York to own the State
' Illinois, I don't want them to ow
her fields, and houses, and shop
want that we should pass alon
: as We ore doing, the best we Cal
: until the time comes, produced
the laws of trade. How is it |
r come? for it will come; no questie
e about that; but how? Whenev,
e our country develops itself to SUI
: degree that we have more pr,
: ducts to sell than we buy; wht
q the balance of trade is in our fave
= = We are approaching it very rapid
. now. Whenever the time arriv
g we can return to specie payne
e without injuring the debtor or an
body else in the land. Gold W
j. then flow in--gold is an article
production in our country-al