The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-01-10
SENATOR BAYARD.

SPEECH OF THE DISTINGUISHED GENTLEMAN AT
THE DEMOCRATIC BANQUET IN PHuADEI-
PHIA-HIs VIEWS ON THE CENTENNIAL, THE
CURRENCY QUESTION AND THE CONDITION oP
THE SOUTH.
The anniversary OF the Battle OF New Orleans was
celebrated by the democrats Of Philadelphia bv grand
banquet at the Girard House Among the distinguished
guests in attendance Hon Thomas Francis Bavard.
United States Senator from the State Of Delaware and
prominent candidate for the democratic nomination
for tho Presidency In reply to the toast ''The Fed.
era Congress-" the Senator made long and eloquent
speech in which he touched upon most n not all the
prominent questions Of the day Concerning the Cen
tennal he said
the CENTENNIAL
1t quite impossible TO speak in this city and in this
year without reference the Centennial celebration 70
take place in July next Originally favored the idea
OF bringing the people OF all the States together IN
peace and amy, good thing to DO done at any time,
and the lurid light OF the OF the last nteen
years especially 10 be desired. When II Was agreed
that such celebration OF the birthday OF this Union OF
States and their government should be held the quos-
ton was made by Senators nom New York and New
England as 10 the proper place. and then said, where
but IN the birthplace OF man should the anniversary
OF that birth DO kepf AS well celebrate the birth place
OF Shakespeare elsewhere than at Sratford uponAvon
the birth of American independence out OF Philade
phia, where II FIRST proclaimed" And here let
say that the energy enterprise skill beraty and ability
which have been exhibited by Penusvlvana and her
great city OF Philadelphia In this undertaking have
senced the doubts robuked the and gained the
applause and respect of the entire country The
mission to whom the work has been ntrusted have
an honorable and permanent fame There is French
saying, "Aid myself and God will aid thee 4" and al
though DO not consider the Congress of the United
States as omnipoont as the British Parliament, yet
believe II can lawfully give ard and sincerely trust 1t
will confess 10 you was more Influenced IN behalf
OF this undertaking by the belief that II would
the people OF my country In q Of common brother
hood aud good feeling than from anything else There
perhaps. some doubts 10 the possible of
Congress
preparation. but the weight Of reasoning in favor
and gave my country the benefit OF the doubts
Regarding tho present administration he spoke In
the most forcibe manner He said
rHK ApMISIsrRA ALTON
To-day the American people are nheriting years
OF misgovernment-of errorsand those public blund-
ers worse than crimca In some Statos of the Union
nothing worthy OF the name OF respectable republican
government exists-and all the States excepting Calf
fornia and Texas, suffering from confused and de-
pressed commercial and industrial affairs dsordered
and dscreditcd currency aud unsettled and demon
allied civil service
On the money question he equally explicit, say
ing
THE RANKING SYSTEM
Where is n line or word In the federal constitution
that gives Congress power over the banking system Of
the country-not only 10 assume wholly, and decree
what amount, what especial kind OF capital shall be
used in banking but TO control the volume and charac
ter of the currency To Congress was delegated the
power TO coin money" and regulate IT'S value and to
punish the counterletng OF such coin, and 10 borrow
money on credit but nowhere TO create an rredeema
all power subject that since the foundation
OF the government and by tho nature Of theirs
and which they had from It's origin exercised, sand
which they must be allowed 10 resume II we wish TO
system OF anance ever again adjusted in stability
and security regulating itself in accordance with the
CALL poa HONEST MONEY
Let them give us back the honest money OF the
world the gold and silver coined under the constitu
tion the dollar for all debts whether due the
hard hand Of labor the money chest OF tho capital
is and leave banking and all forms Of credit IL NAV
find tla stat UhQrQ he'll md from
which, under the pretext OF taxation for revenue II
improperly taken. II Is our boast that all men
equal before tho law, but what commentary when
those classes Of our community most needing
protection receiving but eighty ninety per cent OF
their hard earnings while the holders OF other obga-
lions Of the government are paid In gold coin Dis
honest money will make dishonest people II de-
sroys that precision and accuracy which necessary
for good faith and just dealing To demoraze people
engine is more efficient than a currency which 6uc-
tuates value and, being measure oil value, is yet
compelled 10 DO received for debts
MISSISSIPPI QUESTION
But see what other dangers threaten US from the
sumption OF unlawful power by the federal authority
Pending before the Senate Is resolution offered by
Mr.. Morton, Of Indiana, leader OF the administration
proposing 10 create an nquston in the internal and
domestic affairs Of the State OF Mississippi where BY
election lately held, the party favored by Mr.. Morton
has been defeated at the polls The claim Of power
! thus made-not by Congress- but by branch Of
Of Congress-if admitted, leaves this no longer fed
eral governments Of thirty seven States, bot single
centralized government not Union but a unit
will not upon the state Of affairs in Mississippi
pray that honesty and justice may there prevail
But Mississippi must decide for herself whether they
do or not As you and will not brook interference By
Mississippi in the elections Of Pennsylvania or Della
ware neither claim such power in regard 20 her
affairs
The equality OF the States forbds 1.-THE law forbids
1.-THE safety OF every other State forbids IT,
What s 10 be the fate of the resolution know not
Perhaps the III all former nterferences Of
like nature may teach the party In power lesson and
induce them 10 pause II never has been adopted but
that trouble has not grown out of it. II never has
been abandoned but that good results have followed
Three years ago Texas DO nerered with In tho
same way The President applied 70 for troops 70
overthrow the duly elected State government Taught
BY the case OF LOUISIANA fortunately, he refused.
And look at Texas to-day-prosperous peaceful con.
tent In sending the House OF Representatives cti.
gems worthy Of every public trust and the Senate
gentleman whose character and abilities make him the
peer OF any OF his Is not such q result
blessing to the whole Union Are not the interests of
New England, New York and Pennsylvania safe in the
hands Of the intelligent and honest men whom Texas
has chosen represent her in the Houses Of Congress
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