Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-29

/ farmers Is In regard to obtaining barrels e
! put the molasses iu S"uia are even max ng
! boxes aud using them as Substitute for bar
! rels. This would be a good time and place fol
! cooper to set up his trade. our wheat cToT
/ was a complete success the past season, sno
! II 80 encouraged our planters that large pre-
! parations are being made 10 put in more o
| That crop than ever heretofore. SO IL is mani
| fest beyond.R doubt that the drouth last yea
was blessing in disguise; II brought people
| 10 sense Cf their TuiuoUs mode OF raising "all
| cutton" 10 the exclusion Of supply crops.
! nave already, fear encroe0bad too far upon
| your valuable space, and have not eS'f
hlhted al CUR political status; but you may
always be assured that "Oid Tlppah' stands
! Al right We have this county thoroughly y
| organized for the stfuggls, with Hon. Thomas
| splght as our sJandaru-beareT, he having Oeen
Sidse ~ nominssd sd as the &
| IN the house OF representatives. No
man Knows his duty bette, or discharges
ines, me same Tith grsaser ndelilty' than Thomas
90 affiliate the colored people with the Demo
craiic.Con servatiYe party of this county, by
appointing times and places for public speak X
ing for their exclusive benefit and We havs
repo ed that important trust in our able
standards bearer, captain Spight, feeling con-
scious that be will discharge that duty, as he
has on all former occasions, with great salts
faction 10 ali. \ regarGs this senatorial dis
I let, we have nominated Colonel G. c. Terry
10 represent us in the State senate. He Is a
sound, orthodox, Conservative Democrat, and
II is believed will be fully alb TO meet every
emergency. You are aware that IL IS a mat
ter OF great importance to have our State
legislature filled with true men the next ses-
sion, iOr II is then that there will be an cleo
ton for United States senator, aud it is ar
IDENTIFY hoped that we will be able 10 put an
honest Democrat or Conservative at least, in
that tmpOrl ant place. AmeS, our alien gov
ernor, is bidding high for the senatoTshIp and
is becoming very soliCitous in that particular;
hence his eager desire for the presence OF
United States troops in this State, think
ing by that means to intimidate Con.
seTvative voters and keep them from
the polls, thereby carrying the State. as here
tofoIe in the interest of himself. But for
tnnately for the people OF this downtIodden
State, we have a remnant left that have not
yet bowed the knee to" Ames; so we think
that the Ames clan has Just about played, is
on It's last legs, we hope never to rise again.
Ames can, when his gubernatOrial stay is
over, have leave of absence TO return to his
home in Massachusetts, never 10 return.
Heaven speed the day of his exit, is the sin.
cere prayer of all true lovers OF peace and
honestly administered government. More
anon. JEFF
Extract from Gen. Chalmers's Speech
I'm Bolivar County.
The financial question is not now the
one in which we are most vitally interested.
The question WITH us is not so much whether
we shall have a gold or greenback dollar, as
whether we will be able to keep a dollar of
any kind from the robbers and tsX-gatherers
of the Radical party. But a few words on this
subject may be necessary. vas educated in
the school OF hard money Democracy, and
am still devoted to 1t. Bat it seems
fusion mas arisen upon this Gues-
tlon, ana that we have permitted
our adversaTies to get some advau-
tage OF Us in representing us as in favor of an
imitation and depreciation of the currency.
II understand the Ohio platform, IL does not
mean any imitation Of the volame of curren-
cy now in circulation, but simply SubStitu-
tion Of greenbacks for the national bank
notes. II means the abolition of the national
banks, and the saving of nearly thirty mil
lions of interest to the government. 1t means,
too, that the government shsll no longer re-
luse to take It's own paper for Indebtedness
due to itself; and in this respect the Ohio
platform is right, except that il does not go
far enough. Instead of saying that the gov
eminent shall receive one-hH Of its custom
dues in green backs, it should have said it shall
receive all It's Indebtedness in its own paper.
1t has long been shame and disgrace upon our
government that IL should 90 upon the
streets like huckster and sell gold in depre-
c alton OF It's own papeT, and this should no
longer be permitted. The government should
keep its gold to pay its creditors, and pay out
gold to who demand it. If It's supply be eX-
hausted, let 1t sell its bonds and get more On
the other hand, IL should receive its green
backs for all Indebtedness that may be due it,
Let the legal-tender act be repealed, and let
greenbacks be convertible into bonds, and
specie payment may be resumed at once.
specie payment does not and never did mean
the pay ment of all debts in gold II simply
means that geld shall be the standard of value,
and that you shall not compel q creditor,
against his will, TO receive anything else but
gold in payment OF his debts. When the nation
al banks are discharged and green backs made
convertible into bonds and receivable for all
government dues, they will certainly be equal
IN value TO the paper currency that circulated
before the war, and men viii voluntarily take
II at Its market value. They will answer all
the purposes of trade, and no man Will want
gold when 1t ceases TO be an article of mer-
and becomes circulating medium.
We of the sou h are better prepared for the
resumption OF specie payment than any
other portion of the Union, because
our ola debts are wiped out in bank
ruptcy, and we produce staple
every year that is convertible into gold.
Money, in truth, has no value in itself, and
is but the standard of value, and we, in the
sale CT our cotton, are now subjected to this
When we offer our cotton for sale,
the merchant points us 10 the gold price in
Liverpool, and we receive more or less in
greenbacks according TO the relative value
between greenbacks and gold, and that is pre-
cisely what would be done if gold were the
demand The gold itself if we saw proper in
payment. One great argument against the
resumption OF specie payment is the cry that
the DEBTOR CLASH not ready TO this we an
swer that they never will get ready, for while
one may get out of debt four others will get
in. The only true and equitable plan is to
adopt tne rule which we of the south did
about Confederate money. We were compelled
10 pay our Cor fsderate debts in greenbacBS,
but We we:e permitted by law to scale the
debt so as TO pay what confederate money
was worth when the contract became due
Lei the same privilege be extended to the
debtor now. Let them pay in gold what the
greenbacks were worth when the debt became
due. 1t is unjust and ridiculous to
talk about fixing a day when all
debts shall be payable in gold without
regard to the value OF the currency in which
Lhe debt was contracted, and the country
never will be ready for such a day. 1t is
equally ridiculous 10 talk about reducing the
volume of paper currency now in circulation.
There is not enough now for the wants of the
country. There is not as much in proportion
10 population and business as before the war.
nd when you take from it the legal tender
feature it becomes an article Of commerce
and 1t is immaterial how much is issued-the
demand will govern the supply. And it
would be worse than folly to talk about
making the paper money now in circulation
'edeemable In gold. Let it be convertible into
government bonds and receivable for all gov
dues, and it will answer all the pur-
1oSeS OF commerce, and men will voluntarily
axe IL at its value. But let no man be COM
)elled to take IL at any arbitrary value. Then
with a law passed that all contracts should be
'ayable according to the value of the curren-
y when the debt became due, we might re-
ume specie payment tomorrow. As Dem
'cr8t and cotton-grower,I 1 am emphatically
n favor of the resumption of specie pay.
nent.