Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-08-09
The CANVASS OPENED.
Speech Of Major W. J. Sykes at Hunt!
ingdOn-A Large Crowd Present
and Much Enthusiasm Man.
ifested.
Tic Federal Debt and Federal Taxa
tiOn-What the People Need-Til-
den's POlicy-The People De-
mand a Change.

hUNT1NGDONy 4ENN'Y August i,-1uc
announcement that Major Sykes would
address the people OF this place called
together q large concOurse Of citizens
from the town and country. The letters
Of acceptance just published by Tilden
and Hendricks have inspired our people
with enthusiasm and faith in their cleo.
ton, and they listened with thoughtful
attention to the very able speech which
Major Sykes delivered. / give you be-
low a synopsis Of the speech. MsjOr
Sykes said:
FELLOW CITIZENS OF CARROLL
CoUNTY-It affords me much pleasure
to comply with your request, and to ad.
ing to us all. l shall do so without the
use of any harsh epithets, or any Often
sive language. l will appeal to the good
sense, enlightened judgment and ele.
waited patriotism of all, Republicans as
we'll as Democrats. We have a common
interest and common country. What
ever Injuries one will iDjure another, and
what benefits the Republican will bene-
fit the Democrat. We are all alike in
terested in the preservation OF national
and of State credit, for all, Republicans
and Democrats, should cherish the honor
of our common Union and maintain the
chalac Of our noble State.
THE DEBT OF THE UNITED STATES Gov
EMINENT
will be paid, whether we desire it or not.
| shall not undertake to discuss whether
it was properly or improperly contract
ed. 1t is the debt Of our government,
and we must and should meet it in good
faith. The constitution of the United
States, fourteenth amendment, which
we are all bound to support, says, "the
validity Of the public debt shall not be
questioned, land all parties in this cOun-
try are pledged, and are in honor bound,
to support it. By a reduction in the ex-
penditures of the government, by mod
ification OF the tariff laws, and by
change in our banking system, relief
may be given, but it is useless to talk 0r
to think of not paying the national debt.
Every effort made in that direction will
be regarded as evidence of our disloyalty
to the government, and will be consid-
cred breach of our plighted faith. Let
me warn you, my friends who acted or
sympathized with the Confederate gov
eminent, not to follow the teachings Of
any man who will try to induce you to
viOIste your plighted filth and place
yourselves in apparent antagonism to
the Federal government. While this
debt must be paid, it is very important
to see how it may be done without lay
ing heavy burdens on the people. We
need, and must have, an honest and
economical administration Of the gov
eminent; we must have a reduction Of
expenditures in all the departments.
Can this be done? Most assuredly,
The total receipts into the Federal treas
ury in the year ending June 80, 1873,
were 1922, III, 673; in 1874 they were
1924 600, 600, and the estimated receipts
in 1855 are 1927, 100000. OF this
amount $50, 900, 900 are for pensions and
SOB 000, 600 for interest on the public
debt, making $l33, 1000, 600 for interest
and pensions, and leaving $l64 100000
for ordinary expenses. In the year 1850
the ordinary expenses did not exceed
$50, 600 900, and il we add $40, ,000
on account of the growth Of the cOun-
try and the increase Of population,
which is far too large an estimate, there
will still be left S64, 000, 900, which might
be saved and applied to the extinguish-
ment OF the public debt. Again, with
an economical administration the credit
Of the government would be so well es-
tablished that enough means might be
on four per cent. bonds to pay
off all the five and six per cent. bonds
While we have no right
to force the holders of six per cent. bonds
to take four plr cent. bonds for them,
yet we have the legal and the moral
right to raise the money upon four per
cent. bonds and pay off the five and six
per cent. bonds, and this is what Sam
uel J. Tilden will do IL elected. The
policy of the Democratic party is to pay
off the national debt, and not let 1t re.
main as an incubus upon the industries
Of the country. This is to be done by
economy, and by a reduction of interest,
in the manner indicated. The Demo-
cratic party is now, and always has
been, opposed to permanent national
debt; and, while 1t is opposed to repudi-
alton in every form, it is for relieving
the people as much as possible. What
Governor Tilden did for New York
President Tilden will do for the United
States. AS he reduced the expenditures
Of New York near one-half, or eight
million OF dollars per annum, so will he
reduce the expenditures of the general
government from fifty to one hundred
million per annum. In that way
the national debt will be paid
during the present generation by
economy in the government land by
the increase in the wealth of the coun-
try if we can have Democratic admin
Istration during this period. The Re-
publican party hss had control OF the
government during the last ten years OF
peace; all of their mea-
sures have been adopted; their recon-
stTuction policy and their financial sys.
tenn, and behold the results. Notwith-
standing the great wealth and vast pro-
ductioDs in 1870, which amounted to
thirty billions Of dollars worth of real
and personal estate, 81, 232, ASA of
and 81, 407, S4l ,653 Of farm
products, in one year our country is full
Of pecuniary distress; all our industries
are more or less paralyzed; our factories
silent; our fields deserted, or yielding
out poor profits. This is unnatural and
anomalous. We are starving in the
midst Of abundance. Like Tantalus,
with water all around US, we are dying
with thirst. This is ewing to their mis-
and bad government. Let
ls see
how THEIR TARIFF OPERATES.
Upon six articles, or rather classes of ar
WOOlOA aAO COIIOA1 &OOuci IS1tucIy
ron, steel and sugar, the duties amount.
ID to $50, $40, 900, in one year, Of which |
Tennessee paid 1875, $685. The indirect
AK paid American manufactures upon
VooIen and cotton goods and iron, of
which the general government receives
was in one year:
Wooden Good8-Amount, $l73, 29S, 527: |
iuty, $57, 766, US; Tennessee's portion,
81, 735 ,5S8.
Cotton GOOdS-Amount, SIT, 9O8, 687; |
iuty, $29, 1858, 6l4; Tennessee's portion,
1888, 1853.
hon-Amount, $34S, O32, 80; duty, |
S56, 0O5, ass; Tennessee's portion, 81, $685. |
,16
There are only three of the articles
upon which we pay duty to the manu-
acturers in the way Of enhanced prices,
the government does not get |
,ne dollar that we pay upon American
,alt, sugar, leather, rice, and various
Jther articles Of prime necessity, which |
IRE not mentioned; but Tennessee's por-
ion of even this amount is 4,847, 4OS, |
which, added to the amount she pays |
directly upon the six other ar
icles mentioned amounts to ST.
$50, 407 per annum. The receipts |
nto the United States treasury
amount to near seven dollars per head
e aokr1al Tonnnlofinn 81 fho