The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1875-08-12
WHOLE NO. .1473.

, bank notes outstanding are secured by a
deposit of more than 1885,, ,000,O 900 of Uni
ted States bonds, which are at a premium
of more than II per cent.
''If the United States bonds be not of
sufficient value to pay the notes, the cap
ital and surplus of the banks, amounting
to $622, 100000 as well as their entire as
sets, are available for that purpose. The
stockholders are individually liable for
the full amount of their stock, in addi-
ton to the amount invested in such
shares. And the United States guaran-
tees the final payment of the notes.
There are, then, absolute assets for
more than three times the amount of the
national bank notes outstanding, availa-
bic for the redemption of these notes,
and in addition, the contingent liability
| of the shareholders, and the guarantee
of their final payment by the United
States"
1t will thus be seen that our currency
is safe not only in times of business pros
perity, but in the midst of financial pan
les. Founded upon the credit of the
Government nothing but the loss of pub
| lie credit could effect materially the val
| ue of our currency. To maintain this
credit, to strengthen it at home and
abroad, has been the object of the Re-
publican party. Under its wise manage
ment our national credit has steadily i'm
| proved. Our securities are sought Tor as
among the best and safest in the world,
and If the party whose administration
has brought about so favorable result
! is continued in power, we confidently
! look forward to the refunding of our ma
tlonal debt at low rate of interest, thus
in this single item saving annually mil
lions of dollars to the Government. We
nnalf 10 TIM at yl1ap n
who desire to maintain the credit of the
nation, to all who appreciate good cur
rency, that is gradually approaching
gold basis. to all who are in any way IN
terested in maintaining public faith, to
lay aside petty prejudices and local is
sues and earnestly support the party
that has rendered noble service to the
Republic. It's overthrow means the loss
OF public credit, the paralyzation of busi-
ness enterprise, the depreciation of ma
tional securities, and eventually repu-
diation of national obligations.
To do justice to q review of Republican
achievements would fill volume. A
brief summary will be a fitting conclusion
to the statements already made.
During the period of Republican ascen-
dency, we have seen the nation increase
in population from 1860 to 1870 IL $50,
with an estimated increase, up to the
present time, of II, 100000. We have
seen an increase of the products of man
ufactures during the same time of 81
231 931 ,594 with probable increase, up
to this time, of over 000,000,000. We
have seen an increase in the true wealth
of the Northern States. up to 1870, $l3,-
908, ,902, ! ,439, which to-day may be estimat-
ed at $20,000,000,000. We have seen the
assessed valuation of real estate increase
int tay, xuh hn
present time, would make it over $4,000
100000. We have seen the Government
successfully conducting financial opera
tions of great magnitude, and improving
its credit, while meeting obligations
which bore heavily upon its resources.
We have seen defective State currency
system, supplanted by one of national
character, safe, sound and effective, and
destined to become, at no distant day,
the most perfect currency system ever
devised by man. Yet these items of
of the many that could be presented if
time permitted.
The homestead acts; the building of
the Pacific railroad; the 18th, 14th, and
18th amendments; and the legislation
necessary to enforce their provisions; the
reconstruction of the Southern States;
the settlement of the Alabama Claims,
and the vexed San Juan boundary; es-
tablishment of life-saving stations; pro-
lection to immigrants; encouragement of
labor; advancement of science and edu-
cation; and above all, the crowning
work of the century-the abolition of
human slavery-are items in the long
list of Republican triumphs, which will
insure the gratitude of posterity, and
ever command the admiration of the
world.
This is the party now in jeopardy-the
party whose existen ce is so interviewer
with the life of the nation, that to de-
stroy the one is to permanently injure
the other.
Is a party record, so glorious and
praiseworthy, to be destroyed by the
breath of slander, or blotted out from
the hearts of grateful people, by the
efforts of partizan malice? Is party
that has given such transcendent evil
dence of its ability to govern wisely and
Justly, and honestly, the affairs of great
nation, to be laid aside, just as the fruits
of its noble labors are ripening to the
touch? mol We speak for the Ameri-
can people, who are not ungrateful, who
still bear in remembrance the services of
the past, who are yet unwilling to trust
4 country saved by loyal blood and trea-
sure in the hands of those who encour-
aged its destruction-when we say that
despite the efforts of Democracy and the
schemes of bad men, the Republican
party will still be supported by the loyal
element of the country as the only party
that has been faithful to its trust and
that is able to protect the nations honor,
while advancing the nations prosperity