The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1875-10-07

business he buys the bonds, pu. lem up 9
Washington, gets the bills and lu.s them int
circulation. When he wants 10 Withdraw
simply returns the 9lis PIE, hane1er ae th ou he
ocrats get so near winning an election, or nea
winning several elections, so that the banks &c
take out their bonds, they will sell their bonds
they viii pocket the premium. You VIII x.iL1 nav
| circulation by Just the amount you have de
prfved the National banks Of. If you Demo
Gratis have got tongues, don't You think tn
stupid bank men have got ears: You can no
rush in special classes of the bonded debt, 70
will sell the bonds they have got
You can only do one thing, You can onl!
pay or the entire bonded debt by greenbacks
Now let us see how near the end we are, then
The bond is the promise to pay with interest
The greenback is the promise TO pay wlthou
interest When you substitute greenbaeks fol
bonds have you paid the debt? You give ms
! your note. After have held It three months
redeemed Certainly, yoC say, and you sit
down and write me anolheT note, peter ,I iook, %
/ pretty well worn out, and go 10 you and say
/ want something that actually means some
thing. Certainly, and you sit down and write
me handsomer note than the second one.
never get my pay. The debt is not paid; The
say 'sThfs is five dollars" but 1.-The United
States promises to pay five dollars" What is
that paper. This paper is only worth or 6
cents pound. Its promise is the value. /
believe that sometime that is to be kept.
Whenever you don't think that is to be kept,
what will that be worth? lApplause.l
CONFEDERATE CURRENCY.
L have another bill here that L think the
printing is little handsomer; the paper weighs
just as much. This (the United States notel is
on the theory OF the Democratic party of Ohio,
that is more valuable than the other. This
10 pay five dollars" and this reads. The Con-
federate States of America"- laughter and
cheeringJ Now picked up paper the other
Ohio had had very distinguished ally who
has recently Joined their forces; il would be dis
courteous in this returning season OF reconcllla-
tion and peace for me to refer to the career of
Jefferson Davis, of Mississippi, but in recent
address at an agricultural fair in Missouri, Mr..
Davis says that this co untTy wants more cur
rency. Gentlemen, he triei his hand at more
produced (hoIding up $40 biID. [Iaughter.l
But my friend says to me there is no danger
that the government will ever repudiate- Now,
1 want TO talk serious to you about that for
moment. When we printed the first green
backs we passed a solemn law that never un-
der any circumstances would we print more
than 100 millions of dollars. That law has been
re-enacted in subsequent legislation two times,
SO that it has been thrice the solemn declara-
tion of this government to every man who has
received greenback, to every man who holds
more than 400 millions of dollars of them. To
print one dollar more We must stand before the
CIVILIZED world as guilty OF a l1e-
II wanted to make my boy thief would
begin by teaching him to steal dime; when L
nau ueaQeQeQ MS conscience ana Qeaueneu MS
fear.I should have made my boy thief beyond
peradventure. If would make him liar,
would teach him to tell little lies. If would
deaden the conscience of this nation, would
induce 1t, as the Democratic tnhauonists of
statute book the solemn pIedge OF the nation
and write lie" EApplause.l The first drop
the first drop is followed by the second, the sec
ond by the third, until a trickling stream finds
its way through, and then in one short hour
the barriers burst, the flood rushes forth, and
the valley land below is inundated and devas-
DIvERGErT PATHS.
So it is with you men of Ohio, to-day. You
are standing at the place where two roads part.
Business may be dull, industry may be stag
that appeals to the hunger OF the men out of
work, 10 the growl of the speculator, to the in
en- and drowning men bids them catch at
straw, and with siren song it whispers, "Only
break your Nations faith this once, break it
little to-morrow-it is only white lie that you
tell" On the other side stands the party that
IAppla1sej That stood by loyalty when Loyalty
cost something. Applause.l And that party
s r. IL on op ~ no 9 ~ s ~ G
the memory of the great wise one, by the flag
that waved over us on many battle won, by
ion free in its day of peril, we swear that we
will keep the Nation honest. loud applause.l
CONTINENTAL CURRENCY.
History may repeat itself. They ask YOU to
initiate to-day. One hundred years ago thirteen
feeble Colonies were struggling on this Conu-
N.
They borrowed little gold from Holland, it
was but little they could borrow. They bor-
they could borrow. They borrowed a little gold
from France, it was but little they could bor-
row. They could not levy taxes because the
British soldiers occupied every strategic point
on the coast, and so they devised the father of
the green back, the old Continental note; and
the first year ten millions of dollars of them;
and the next year they printed more, and the
war closed, there were 800 millions of dollars of
these Continental notes in circulation. They
then were brought face, to face with the very
question that you confronting tonight, ,and
after careful thought they decided that for at
they would print more Continental notes, the
greenback dollars of the Revolution. They
read its language to you tonight 1t is strong
er even than the greenback. "The United
ted States7 .sThis bill entities the bearer to re-
ceive five Spanish mill dollars" 1 read its ex-
silver" I still read from the bill, According
TO resolution by Congress, September 26, I77S.''
fa1 dnat money was pal9 70 your gFandfatheTs who
the price of the birth of the nation as much as
that bill was the price of its continued exist
not dollar of it, your government and
mine has repudiated it, because when the test
er than pay,
IMITATION Is REPUTATION.
"A and I'd 50 today charge you by the memory
To-day means reputation tomorrow. ZAP
plause1 Think OF it. There is s. gold piece;
there is the greenback worth eighty cents less
than the gold; there is the Continental note
which bears the words, alive Spanish mill dol
lars, or the value thereof in gold and silver on
its face, and it is worth absolutely nothing.
THE DUTCH REPUBLIC.
call but one more witness to the stand.
There was republic in Europe, with the story
of which many of you German citizens here to-
night familiar. You remember the old
Dutch Republic founded by William the Silent,
so strong that once she dictated to Europe; so
strong that her fleets swept the channel, and
her armies swept the continent. The very name
Of the nation is all that remains, and the Dutch
Republic is thing of the past There is 3-gul-
den piece, coined more than $50 years ago. The
men who made 1t are dust. The very nation
whose imprint it bears lives only in song and
in story, and yet that piece will buy 81 % in
American silver money tonight; 81 50 will
bring 81 4S in greenback fractional money.
That money, the silver coin of a dead republic,
is worth more in dollars and cents tonight
[Applause.l One is promise made; the other
is promise kept. fAtPlause.l
WHY TRADE is PARALYZED.
But few words, and 1 am done. We want
restored business. Why does it not come? There
are tonight in the banks of Chicago, Cincin-
phia, Baltimore, Wilmington, New York, Bos-
ton, nearlys200 millions of dollars that are not
earning interest. Why? Because the men who
own that money dare not trust any business.
Don't you who work want the best wages you
can get for your time? Certainly you do. Don't
you think theme that own that money want
the best interest they can get? They do, pro-
safety; they don't want to lose the principle in
order to get high interest. Why is not that
money used? Why does not business start?
What is credit? Have you ever stopped to
think what is credit? Suppose you are not paid
till Saturday hight; during the week You want
something; you have not saved anything with
which to buy it; you go to the scorner grocery
store, and if you are an honest man, and have
always paid your bills before, the grocery man
trusts you for what you want till Saturday
night, and when you get your wages you pay
him. He knows you are honest and will pay,
and he gives you credit. Credit is the belief of
one man in the honest intention and ability OF
another; and precisely what credit is in the