The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-09-02
THE CAMPAIGN OPENED IN
THIS COUNTY,

1lE ChmI ALUM VI lLNGD LIN
THIS COUNTY,
3 A LARGE AND ExrHusIAsr1c
MEETING AT DUBLIN.
Hon. b. f. Claypool makes speech
that II highly Spoken Of and which
Il Wins him Many Friends.
On last Saturday evening, in pursu-
ance Of q previous notice, the Hon. b.
F. Claypool spoke at Wickersham
Hall, in Dublin. The meeting was a
little early or We were little late; at
any rate we did not get there until
after the speaking had commenced,
The audience was composed of the cit
liens of Dublin and vicinity, and
much larger than we anticipated, the
hall being we'll filed. Shortly after
We entered Mr.. Claypool began speak
ing upon the all-important question
Of the day, namely, the
- FINANCE QUESTION.
Upon this subject Mr.. Claypool
spoke substantially, as follows: 1t is
charged by the Democratic party that
the administration of the Republican
party has been one of corruption and
profligacy. This is not true and it
can be shown that tho expenditures
Of the government arc but little more
than they were before the war TAX
ing into consideration the fact that
we have greater extent of territory
and that population has increased
about ten millions, making a greater
demand for public conveniences, there
is no material difference in our expen-
ditures now and ten years ago. In
the matter Of mails alone We have
daily and weekly mails to where we
used to have weekly and monthly.
During the war no one dreamed that
We would come out financially with.
out a great crisis causing damaged
currency, 1t was great problem for
our statesmen, for in the nation 8
darkest hour gold touched three dol
lars, now it is only about 81 90 or 81 10.
We have come out from under the
crisis, which hung over US like a
cloud, and it is to the lasting credit
of the Republican party, and not at
tributable to the wisdom of the De-
mocracy. The theory Of the opposi-
ton with regard to the payment OF the
National debt is that it should be
paid at once. / am not in favor OF
that. believe that we ought to fund
it and leave it as a kind of Legacy to
our children. 1 am in favor of redu-
cling it gradually, but not rapidly.
This could be done by making long
loan at low rate Of interest, and
we're it not for the cry of the Demo
cratic party, We could go. into the
money markets of the world and get
snch loan at four and one half per
cent. France, with larger debt than
ours, can get money at less interest
than We can. Germany and all the
powers Of Europe are. carrying their
debts at less rate Of interest than We
are. Why? Because it is known by
the whole world that they mean to
pay their debts. The Democracy say
pay the entire $500, 0DO, 900 of it with
greenbacks not drawing interest and
thus save the interest you are paying on
the loans But when you have got the
greenbacks what have you got? A
mere promise without any security to
pay. Now suppose that you are il
debt and have no money with which
to pay it, What do you do? Why
you give your note drawing interest
a compensation for your CREDITOR
forbearance. IF the Government owes
debt and is unable to pay, should i,
not pay interest the same as you
Most certainly. / can recollect wheI
the Democratic party had no love fol
the greenbacks. They said it woulc
soon take hat full of them to pay tn,
value of ten cents. That was in tn,
hour of the country's great peril whel
the credit of the Government was a
stake. Now they are exceedingl!
fond Of these same greenbacks AM
would seek to food the country will
them in such manner as to make j
practical reputation. They say tina
1 am "bloated bondholder" and tn
owner of bank stock, but l have n,
bonds or stock. | wish I had. p.
could then get through this canvas
much easier. The free banking sys
tenn is our remedy. If our bankin
system is changed so as to allow FIRE
banking, all you will have to do is t
sell your farm and invest in Govern
ment bonds and start a bank, Thi
will then be done wherever the de
mand for money is so great as to max
money lending more profitable tia
anything else. But this is thin
that will regulate itself. exactly as ne
cessity demands. Men will inves
their property SO as to make the mos
out of it. Hence the volume of cul
rency will at oil times, under the Re
publican policy, be equal to the Dc
mand. 1t strikes me that q sudde
Uemocraattiic 6YSaifi' on i1p, fNtpirlf st III
question since 1862. Then they sal
that the greenbacks could not be leg;
tender and would not be received
payment of debts. This too was at
time when the nations existence as
union was in danger. The boys
blue were out in the service battlin
for the country and their wives an
children were at home in want of IL
pitiful sum that the Government exc
out to them at this time. The S,
preme Court decided that greenbacl
were legal tender because there W;
necessity, but that court has not
held since then, nor never wi so hol
unless there is an urgent necessity
there was at that time. ~ ~ g
A WORD ABOUT MR. HoL MANS
| A' RECORD. u
On the 22d Of Jan, 1862, MIR. Spaul
ing introduced bill in Congress pr
siding for the issuing Of 500, 600 o
legal tender notes. This bill was su
ported by old Thad. Stevens, wi
proposed an amendment to the b
making it provide for the issuing
| $3.50, 100000 to be issued for the pn