The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-08-12

they should be p1ld IN coin, and the
is estopped from now as
serting the right to pay them in any
other way. Whatever may have been
its right to pay them with the original /
greenbacks that was expressly waived
by this act, and the whole world was
invited to deal in them upon the
pledge that they should be paid in
coin. The Democratic platform there
fore involves a double reputation;
first, by proposing to make a new
issue of greenbacks with which to pay
the. FIVE twenty bonds; and secondly,
by proposing to repeal the pledge
given in the act of 1869, upon the faith |
of which those bonds have been |
bought and sold for more than FIVE
years. ~ tier 5.ra te s3o.S a73a |
FINANCIAL, CONDITION AND PROSPECT.
It may be safe, therefore, to, predict
that the settlement of this question by
the act of 1869 will not be disturbed;
that it will not be in the power Of the
/ Democratic party of Indiana, to re.
open the question, and that the ma
tional bank system viii not be abol-
ished 1t may also be assumed that
the pledge contained in the act OF
1864, that the whole amount of grecn-
backs should, never exec I'd 40O, 900, 900,
will be accepted as valid and 'continu-
ing, and that the policy of making an
issue of greenbacks beyond the 400,
900, 900, either as substitute for ma
tional bank notes or for any other
cause, has been abandoned, and in
fact that the volume of greenbacks
will never exceed $4,000, 600, the
amount now in circulation. And the
greenback problem which remains to
| be solved, is the redemption OF these
notes in coin at the earliest practIca 4
BILE period, as promised by the act of
1869. That this period is not the
present, seems to be concededs by
nearly all, and that it viii i not arrive
until after the effects Of the panic
have passed away, good times have
been restored ard the balance of trade
has ceased to run so strongly against
us. While the fifty FIVE millions of
national bank currency which the law
provides, may be taken from States in
/ the East and given to those States in
the West and South having less than
| their proportion or. than what they
need, may not be taken up very rapid
ly and in fact. cannot be until there
shall have been a revival of business
and prosperity, yet it will be taken at
no distant period, and the demand will
be renewed and finally granted for the
establishment Of what is called free
/ banking and the removal of the mo-
nopoly feature of the national banking
tp ln,
ish, and has largely contributed to
whatever of unpopularity the system
may have. zs...
Notwithstanding all that has been
said against our, currency as being de-
preciated and huctuating rag money.
everybody knows that it is good cur
rency under which the country has
x pro- pered as it never did before, and
that it's further Improvement will be
natural, steady and healthy. And with
these considerations | am content tC
await the further developments of the
future on the financial question.
,ayIF CIvn. RIGHTS. sai-
In the seventh resolution the Dem
ocratic convention went upon its knees
to the prejudice against color and the
hatred of negroes. The bill which
passed the Senate making provision foi
the equal rights of negroes in pubic
schools, supported by general taxation
colleges churches, hotels. railroads
steamboats,, theatres, and graveyard!
supported at public expense, wa,
made the occasion for special attacl
upon Senator Pratt and myself. l
| Iaf
men who passed this resolution were
the apologists of slavery, and to tn
q very last did everything in its defenc
except to fight. They were oppose,
t. its abolition, resisted the civl
! rights of the negro at every step an
declared that to confer upon him tn
/ right of suffrage would be the dishono
and destruction of the Republic
Beaten at every point they would still
I exclude him from the blessings of ed
ucation, the equal privileges Of trave
or place of refreshpent and res
while on his journey, or of honorabl
burial when dead. They would eve
exclude him from the privilege of wo,
Shipping God in company with whit
people; and this, too, by white men
|
, of church.
j UNREAsONABL ENEss OF PREJUDICE
There is something very remarkabl
in the operation of this prejudic
against color. Persons who in the
Infancy were nursed by negro womel
: in their childhood slept and playe
: with negro children, in youth an
r manhood were the daily companio,
of negroes in the workshop, upon tt
{ farm, in the carriage, and upon tt
| journey. who employed negroes 8
| body servants, and in that way Wei
r almost continually in their societ
9 dressed by them, shaved by then
$ nursed by them in sickness. and
s various ways inhaling their breath
f hundred times day, and having wit
e them that physical intimacy, and col
n tact which does not exist betwee
: equals in society: yet when the san
f negro, as a freeman, presumes to ste
n at the same hotel, or to ride in ii
; same car with them, or to send h
t children to the same school viii
e theirs, or to kneel in the same churc
c they are inexpressibly shocked. an
s declare that social equality will d
b grade and destroy society They thin
e to make few votes by appealing
r the prejudices and fears Of the viii
r people about mixed schools. In tow
d and communities where the childrt
G of each color are numerous enough
: be formed into separate schools, the
q will be no trouble on the subject, al
d there has not been But in distric
s sparsely populated or neighborhoo
c in which there are few colored chi
3 dren, and where their proportion
: the school fund would be wholly i
i sufficient to maintain separate schoo
n and their parents are not able to mai
tain private schools for them, if tn
+ are not admitted into the publ
IS | sohool- 4hox- must nram nm