The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-08-19

Convertible loans were sound and over one
paif OF all the loans were 10 the govern
nlent. When taxes were paid part of the
money come back in interest paid TO the
S-euieois OF the government at home. Eng
saho Win her false basis of credit went into
panic in 1866 and took from the country
more han
SIS. 1000 IN GOLD,
and nobody knew it. Gold was a COM
modify like corn or flour, and its purchase
IN the market caused no more disturbance
than the. purchase of any other commodity.
Oar policy then was TO reduce taxes. and our
most oppressive debt was the gold bearing
debt which was held abroad. This sbould
have been paid of first, then all the taxes
would have flowed back to the people- car
rylDg the deferred debt at home. But. on
the contrary, the gold went abroad
Under the policy OF Hugh McCulloch
the plan was adopted of paying off the non-
interest bearing debt, and in 1873 the
pyramid was again on its apex and topnied
over. And now they tell you that YOU have
more money than Won need. But / tell Won
We nave rarely had 80 little. WHAT is
money? Professor Bonsmy Price shall
answer he says 1T is something
that keeps running around from
nand 10 hand. But is the $50 coo eco living
boarded mp in the banks OF New York
money, under that definition? These bank
5fs unCerstano that Ly thus boarding the
currency they can soon bug four or FIVE
times As much with one of the dollars
There are IN the treasury about $40 600 0OO
% gold 10 begin resumption with But S4O.-
OOOOOO Of this must BE- issued 20 pay interest
with most OF it to go to
have $4,000 900. How will you resume9 Bv
retiring the grsenbscks? Then what will
be left 20 trade with? The COW. sow and
onii-pHps will have to be ken for the
horse again. The sheriff will sell ont the
poor man, and distress will reach every fsmi-
". Nothing but repeal of the act for
resumption OF specie payments will save
you from the miseries OF the English his
tory. Next, by using the credit of the
American people at low rates OF interest.
Segln by paying interest to the people. Pass
Al act that when 5000 in notes have come in
81 900 bond shall issue, and we shall have
tree snking, but not monopoly, and no
Rothschilos. Now, the stoekbo of a
bank is liable, if the bank fails, to lose his
stock, but then he would be liable for all
riaee, the rings on his fingers and diamonds
on his shirt bosom. You would have bank
ers holders for their private fortunes and a
safe currency. 1 would issue
$50 BONDS.
and when the people desire to put their
money where it would draw interest. il
would also be safe, aud not carried away bv
the failures OF the Jay Cookies, the Dun
cans. and others named by the speaker.
II the deposi;ors with such bankers had held
$50 bonds they would have been sale
honor Mr.. Bristow. If 90 is not an honest
man then there are no honest men; if he is
not courageous man, then there are no
courageous men; but be carries out the pol-
icy OF the administration and believes in it
think he is mistaken. But perhaps, as
M fafa
haps [ am crazy, but before 1 am
shut Up want to make
three or tour more speeches. Mr..
Bristow advertises evsrv month 10 sell gold.
he "an;s to sell 5000 600 of gold next
moEtb. The truth is be dOnt want to sell gold
but II hoard it. But he wants currency and
must have it, and he has to buy il with gold,
Win nv convertible bonds, he
can keep bis money aud buy currency
with bonds. 1 would make it an indictabie
off-nse for the government tn sell gold for
currency The people would furnish the
currency for the bonds, and then the inter-
est would be paid to the people, and the
gold debt abroad would be brought
nome. (The speaker was about
to close, ssying be had already talked too
long, but was urged 10 go on). "There is
one other question" said he. have eulo
giZod national banks, it will be said. Yes,
if we must have banks I'd as soon have
them as any,. They are founded
Here is ten dollar greenback. 1t is piece
of that nasty, rotten rag money. Il stinks
Ii IS dirty. Some say il is promise to paw
gold. l 60 not find any such promise
printed on il. The Supreme Court of the
United States has decided that it is a dollar,
but it is only rag money.
Yet it gathered the soldiers, fed and clothed
them, and saved the country. rApplsuse.1
In that rag money the people of the South
will find a new use for the Union
u..A hn
too, have been robbed by banks.
Yet it is sinking lie. But here is sweet
secuted national ten dollar bank bill What
is it? Merely 9 certificate that the owner
has ten dollars OF rag money somewhere.
But it is clean and sweet. II it came from
the dead body OF a small -pox victim, it
would sill be sweet and delightful
The speaker described the modes of starting
q national bank, and declared that IL was
not \ fair game. As the government has to
print the notes, let It prins for ITSELF 1 have
spoken long, but plead for my country,
hs spoken with the freedom OF bovhood
as l have looked into your sympetb bette
faces end said some things, perhaps in
rough way. Garry away with you the
memories of past history v h;ch have called
up; think over the history OF the.
whole subject, and il have said sUgbt nm
justly, pardon it as desired only Ter the safe
" and welfare of nv country. Judge Ksl-
ley was warmly congratulated after having
spoken two hours.
correspondent OF the Salt Lake Tribune
in reference to the recent death of EmeIine
Free Young. says: ''Those who have resided,
many years in Utah, remember that the
beautiful and amiable lady alluded to was at
one time, and for acomparatively long time,
Brigham Youug's pet wife. Visitors went
from here and spoke of her as the "Pride of
The H2r6m-V He nrOnn hor N
bsauty and elegant department, and took
great pleasure in introducing her to
dar ng with her at parties,
and spent most of his time
iu her apartments. But. alasl a change
comes over her bright days-one she might
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