The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-10-07

made debt OF ,60O,OOO.UOO, until then pQya-
bic in legal tenders, now payable only in gold,
without prekense OF consideration, and viriu-
ally increased the burdens OF the people over
S4OO,OOO,UOO.
THE LAST STRAW THAT MAY BREAK THE CAM
ELS BACK.
And, last of all, we witness the elimination
of this nvidious reckless and parricidal republic
can legislation, discriminating against the peo-
pies money in the forcible resumption act of the
last session of congress, an act whose paralizing
effects upon the business of the country has
awakened our people without regard TO party,
to look 10 the protection of their interests
against the demands and encroachments of the
bullionists.
SENATOR MoRToN's INCONSISTENCY.
There are strange and unaccountable shifts
and changes in political affairs You have
often heard it said that "politics makss strange
bed-fellows;" but let me tel you that politics
not only affects the lodgings, but sometimes
sswhat We shall eat, what ye shall drink and
wherewithal We shall be clothed" Now, with
US, out in Indiana, IL does not surprise us that
my old friend, Senator Morton, should have
looked two.ways upon this financial question.
His nrit impulses and his nrst impressions
are ALWAYS his best, and almost always demo-
cratic. What is bred in the bone can not be
democrat, and his better instincts upon
the sp1nging OF every new politi-
publican traces and take an honest Democratic
chute. But no sooner does he so follow his in
born democratic convictions than his republic
can masters at Washington go TO work TO whip
him back into republican traces. Now, in 1865,
and even as late as ls69, he was profoundly sound
upon this greenback question, 10 say nothing
of his Richmond speech, in which he preached
the whole greenback gospel, as late as February.
was under discussion, this is the way he talked
"This DILL proposes to settle conflict
the law, and to declare the true intent and
meaning OF the statutes creating the several
classes 1b DonaS; ana PfOViung sae Sr0i tne
rency, shall be paid in coin. do not believe
that is the law. can not vote for that declara-
| too without proving false TO my own c0ny1c-
tions; and therefore viii not vote for it"
| ton he interrogates:
And now / PROFOUND this question: 1t is
either intended by this bill To make a new con-
new contract, protest against it. We should
| do foul injustice 10 the government, and 10 the
| people of the United States alter we have sold
| these bonds average for not more than
| sixty cents on the dollar, now TO propose to
make new contract for the benefit of the
| maze a new contract, but simply 10 enforce
that which, now exists by law, then it is I'M
/ necessary"
And yet he continues to PROFOUND trouble
| some questions:
| effect of IL? Simply 10 raise the price of bonds
| in the market, and TO put money into the hands
Sir, it is understood, 1 believe that the passage
of bill OF this kind would have the effect IN Eu-
rope, where our financial questions are not well
| understood, to increase the price of bonds
and increase the demand; and that will enable
the great operators TO sell the bonds they have
oa hand at profit Ii is in It's nature brokers
| operation. 1t is a bu movement, intended
to put up the price of bonds for the int est of
| parties dealing in them. This great interest is
| thundering at the doors Of congress, and has
been for many months, and by every means at
tempting To drive us into legislation for the pur
pose of making money for the great operators.
that's what 1t meaus and nothing else"
He thinks that If the gold is not to
be had TO pay a small debt, what is the
| use of these same senators enlarging it
Tor the benefit of the great operators "as a bull
elf we mean what we say that this currency is
specifically payable In coin, then we should
how shall we do ito BY collecting the gold to
do It; You You can not pay the greenoacks In
we can not get the gold to pay s35i,COO,OOO of
greenbacks; and yet we are required soemnly
10 pledge ourselves to pay 81 10000 Oo4 of bonded
ton OF the currency in coin, are told IL is
impossible The government can not get gold
enough 10 do 1t; and yet these same senators
turn round and ask us 10 pledge the faith OF the
government solemnly to pay s22UOOa1,OO of
1t is true that having been corrected back
into his party traces, in his recent Urbana Ialk,
he called the green back theory of his Richmond
speech and that have just quoted "a new doctrine
and claimed that he himself had at the first
6pp9G5nni'y den0nneed IL as IN nagrant Tep9.
OF bullionist influence, and after he had been
enticed away from the cause OF The people 10 the
His memory, L regret to say grows faulty and m
reliable with his political consistency, for in the
| Indiana canvass oil loON, lIg the resolutions
of his party was the following sturdy nve-oak
- the public debt,made necessary ty the rebel
lion, should be honestly paid, and all the bonds
issued Thereon should be paid In legal tenders,
saeG sSoRs where by
paid in such quantities as Will make the clrcu-
lation commensurate with the commercial
Senator Morto having stumped the state in
the advocacy OF that platform, and especially of
thl, very plank Is it not fair to say
that Eat the very first opportunity" he de-
nounced the greenback theory as fragrant re-
pudiatlon." Did he mean " at the very first CD
portunity" after he had been converted like the
seven thirties, to the use Of the bondholders?
PROMISES THAT OUGHT To HAVE BEEN PER-
FORMED YEARS AGO.
In conclusion, allow me to notice an imme-
mortal custom of republican conventions to Or
nament their platforms with tinsel laudations
and insincere pledges of magnanimity and JUS
tice to the soldiers of the recent war. The his
tory of republican performance, as contrasted
with their promises to the soldiers OF that war,
Is full of instruction. Republican promise to
the gallant soldier was TO pay him in gold "to
the uttermost farthing;'' but republican per-
Torrance paid the soldiers in money, which
Morton says was worth but sixty cents on the
dollar, They so settled with the soldier
at sixty cents on the dollar and, a part of the
same transaction they settle with the bond
holder by paying him gold dollar for every
sixty cents OF his patriotic investment For ten
years the republican party mas held the sweep
ing, unobstrucled control of every Department.
of the government, and during all that time
they have made the welkin ring with their
stereotyped and threadbare promises of what of
generous legislation they would do In behalf of
the soldier, Forced, from q bnrning sense OF
shame, to pretend to do something in
this direction, It the last session
they passed an act equalizing bounties,
which President Grant, In the interests OF the
bullionists found IL convenient TO veto in viola
ton of his old pledge not to interfere with legs-
lation. Republican congressman quietly and
| ptaPpnflV nOpkpfQd the m
selves and the gross injustice to the soldiers II
is not the policy of the bondholders to increa q