The Jasper weekly courier., 1874-11-20

10 do il. Why, IL We were to take
every ounce ef gold, every grain OF
gold dust now To be found in California
we would not have enough 10 redeem
the entire bonded debt Of the country
: Any school boy in the country, who
is given the ratio of gold to the paper
money in the country, will show you
that bst twenty cents of zach paper
dollar was supported by gold basis
Even In the dens Of New York City. IL
the gold rooms where this paper currea'
,cy is 50 despised, this paper dollar is
quoted st 81 cents OF value oil the dollar
}. In spite Of all this the New York
World, the indianapolis Sentinel, the
Chicago Times and Other organs OF mo-
'nopoly, denounce me as rag swincler
= shinplaster swindler, but in defence OF
which stand here tonight.
: ip my judgment, the paper is just a.
valuable, il not more SO, than the dollsf
now held in the Golfers OF the Govern
meni, amounting 10 $150.UoO.cOO. Ev-
cry paper dollar is now based on TWEEN
ty cent. in gold. aud vet this paper is
valued at 9l cents in the place in which
il j. most despised.
Mr.. Voorhees,, in sn eloquent manner.
then spOse OF the disastrous effrcts
which would he brought about by con-
tr,efion of the currency 10 return 10
specie payment. and predicted ruin
throughout the country should II ever
be attempted. Ii this talk oi return TO
specie payment doat mean this. then il
means less than nothing. He argued
ai
Gle return and advocated turgiug up the
.noic-. turning out of employment hun
idrrls OF lahurrFs. aud -nch other disma (
consequences, which were for the best
interest Of the rich man against the la
boring man.
/ Mr. Voorhees, showed that when the
war closed the circulation amounted 10
sI.l6sttUOol. and KAT for three YEAR
the United States enjoyed sesson o,
prosperity. duriiIy that time, the toisl
LIABILITY OF bankfupts being only 80 zoo.
iHV. Secretary Mccullough. however.
irontracted lie currency uutil TO-DAY ih'
circulating meiimm has been contracte'
lover : siD0.eOOrO out of your hands. re-
suliing last year in a total liability q.
blmkia.pis oi sx2S OuO 600. and The panic
came like dark cloud upon tie whole
,coEniry.
'ebey .a.ge; that we need expansion.
that tic ~i.o,s couYfry i expanding.
inai tl,e yIairies now are iilling up will
towns. ibai ne;.wore Of railroads l.
eA,eisiing from the Atlantic To tie rs
;siic coois, sni That the cotton crop o
.ihe Soush alone would exhaust tho ~
tire c:rrIl';ing medium 10 buy. pas .or
and remove IL: that in the nlonsschis-
of Europe ttc amoun' per capits j. S3i
( 10 $4O. and this country could welt AZ
ford to carry 81 or ,.o00OO in currency
al present. which wol,d be $50, ,0)J,Uou
lees thap al the close of the VAR.
! Ana heI argument in favor OF the re-
turn TO specie payment j. that tie paper
lcurrsnrv j. Unconstitutional. The rag
currency paid YOU tor IL. long match.
for the lot chsFge or the h,tse field u
paid the widows 80 o-phans. and tor
the services Of those WHO rrp'anteh the
.Dillars OF government md made them
strong.
Mr.. Voorhees, continued hy saving
that tine rsg currency was good enough
10 pay th. State debt. which was con-
liracted before the war OIL a gold basis.
There wa@ a tire. he said, when IL was
GOOD enough for the bondholder - " hen
he bought with it bonds which he now
demands gold for. No wonder tha;
John sherman said that the man who
refused this currency was a repudiatof
and extoriiouer, aud vet, because In
sisted that that plank of the plat
. form was according 10 law and equity.
insisted on y platform that would tell
1.-The trInh h. | am denounced as y Iepudia-
tor. Who isa repu,iistor? Isit the man
W no is prepai ed to take what the law
gives him. or lie VINO repudis,es the Law
aud practices extortiouf
\ am seeking no return TO public life.
hut il, bv the gin Of the people, | should
he 40 called, and If my feet again tread
the floors Of Congress, | will fight "a
. tho end preteniion, robbery and eyfor.
lfion. and. like Charles Summer fighting
tor the sboliiior cf slavery, will hs
found. "in season md out of season. hst.
tlipr crse form OF slavery -thst oI
the few favored mon a. sgsinst the pso-
pie. Fighting slavery they have i'm
posed on sired industr, from one ocear
/, 10 the other.
1 Not conicn'ed 10 receive t@o dollar,
/. to evcrv ono the, have raid in, thes.
bond holders desire fo exempt them
selves from tlxatio". He illustrated IL
!. an eloquent manner how the lahore
was obliged to pav the tax 10 supper
the city end c-rnv. while tie BON.
. hn'der. on account of his bonds. was er
T, en,pi from any tax whatever.
On Tie subject Of finance 10 continu
. cd a. son,s lcrgih. ard said that IL was
+, worry IN porfgnt one. aud needed murl