The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-08-16

der the present authority. 1t may ever be-
come necessary to staIlon squads OF them
amo 1g the voting precincts in Massachusetts,
Onlo and lno1sna. These have come TO be
REGARDED a. educators of the people In the
sen ools now opened for teaching the several
branches of the elective fraDcnise and the
beauties OF the ballot sys EN-, But, my fellow
ci izei sit is demonstrated that when any stale
In the union Is eite er unable, or UNIV ling, to
project any of its citizens in the enjoy meDI of
necessary TO secure to them that enjoyment
shou' d be done, whether the power invoked
be civil or military; but, in Gods name, let
the demonstration Ofthe necessity. the exist
encS of the evil, PR cede the remedy. IL 1 un-
cerstsno your position Il is that The Southern
states are as capable of mausging their own
general government. If 1 undersIan your
policy, IL is hat OF leaving the several states
Sc severely alone In In and 70 the
affairs, ith an ever vigilant watchfuIDess
and determination that the humblest citizen,
North or South. East or West, black or white
the laws in the enjoyment OF mis- or her every
right. But 1t is said that the great body OF the
democratic party is In the South, and that
Southern Democrats will dictate the policy OF
the party, and Ghat that policy Will embr
full pa. yment for the slaves emancipaIed, ex-
and pensions for disabled soldiers and for the
widows and orphans of deceased rebels. To
say this Is easy, but to accomplish IL would be
AN UTTER IMPossIBILIIY.
The constitution holds this language: "But
neither the United States nor any state shall
assume or pay any debt or oblig ton incurred
or in aid of rebellion or insurrection against
the United States, or any claim for the loss or
emancipation OF any slave; but all such debts,
obligations and claims shall be held null ana
void" (4th Sec, l4ih art Pubic sentiment
would overwheim and crush any person or
party that would seriously propose such q
as as war, and the South wants war war
no more than the North. The South would be
as unable 10 bear its proportion of the con-
tribut1oDs as The North, the East or the West
We are all anxious 10 recover from ihe waste
of the war, and once more, in union and with
new and added energy, enter upon career
of prosperity and grandeur that will elevate,
dig nifty and strengthen the nation. God for
bid that the North should unwiseIy interpose
any OBJ 'tscle TO this union and grandeur by
been sconrged and blasted by the fires OF the
rebellion. he true soldier will always be
magnanimous and charitable to fallen foe.
AS between the Democratic and Republican
parties there is no material difference as TO
measures of policy or these subjects, for the
most part, the same differences will be found
TO an equal extent in The body OF both The
parties. There are hard and soft money men
in both the parties; there are in both those
who are In IA or OF mixed currency OF col u
and paper. All these questions OF currency,
however, are matters more properly TO be con-
sidert by Congress and Congressional COM
mItIees. They are questions tnat require pa
tient research and pains-taking abor. But a
we are one of the civil1Z ID nations of the
earth, having commercial intercourse with
all OF the others, IL is incumbent ON us To nave
q money, a circulating meOium of exchange,
somewhat similar to that IN common use, and
recognized by those nations as money. Coin
and paper readily convertible into specie al
the v i'll o. the hOlde', are what are regarded
by the several nations as m aney. 1t Is true
that in all commercial countries coin only
constitutes the ba is and standard of values
Bank notes, convertible at viii into coin or iJs
eoulvae l, and bi, l. of exchange Re- ussd in
all commercial transactions importance anC
TO much greater Cx-enJ H. an specie; bu
these represent so much spt Gle, and at the viii
OF the holder become such. If ur green bac
anu national bank currency were So cODverti
| Die into spec they would oe the best curren
| Y ia the W rid, bat they are not and no leg
islative enactment wi make them so. IL
say that the gOveff meDt Will pay on m 8nC
| las she does five dollars 10 the holder OF on,
| of its notes OF that denomination is very
ca thing 10 say, but no one ever heard OF th'
| general government returning, in coin, a sin
| gl- one of the many hundred millions nov
afloat OF her promises TO pay. The advocates
OF a purely greenback currency say that
| Congress wi only make them a legal tende
for all purposes they will then b
money with all the powers and virtues Of golC
and silver. Congress mlgut do thif, even IL
| the face her obligations to pay many hun
dred millions OF her bonds and greenbacks il
coin, but public faith and public virtue stanC
in the way of so dishonorable a trans action
and foreign nations, whose cit zens hold 81
many hundred millions of our obligations
might unite in an earnest appeal to us TO d.
right. Congress might order every greenbaci
ten dollar bill 10 have printed on its face
"This is ten dollars, and shall be receivab
for all debts both public and private" Blu
would that make 1t ten dollars? Under AM
| by authority of that act could make yol
| take It for ten dollars l owed you, even, II IL
the market 1t was only worth ten cents on tn
dollar. Your congressional enactment
WOULD NOT PREVENT IT'S DEPRECIATION
nor the increased price of everything else re
/
a legal tender for every lining except for inter
est on the public debt and for custom dues
but, notwithstanding this, they did depreciat
at one time to such an extent that it took tw,
hundred and eighty cents in this kline
| of paper to buy dollar In gold or silver
and they have been huctuating eve
-iu ce. and are now 10 70 I2per cent: below par
| You can not even by congressional author1t,
| or enaci ment maze men believe that piece O
| papet which says this is "ten dollars" whel
| their individual experience convinces tnen
that they can not get that sum or an,
| other In coin for Ii. You might as well hav
| an act of congress decla e every skunk in tn
| land was an eagi1, put thst would not give u
| feathers wings or power OF flight, neithe
| would il take from The animal It's peculi r al,
by no means desirable odor which would han
| around il still. NO, lt would be pOlecat a
last and the act of congress would only com
to grief. Still our greepback friends insist tina
congress can make anything money and
| le< al tender and say that the only thing nee
essary to effect 1t is formulated legislativ
declaration of the fact A dollar is a dOlar
represents not only a fixed and determin
idea, but 1t as distinctly represents a IA CT, a
idea and fact known and understood of a
men. The idea of q dollar ages ago pc de
into fact, and neither rhetoric. The logic O
the enthusiasm OF men will ever b
able to change the popul8r col
lecture OF that idea and faci
Farther q continued ex pertinent in the ma
ter of an unredeem BILE currency Is discoul
aged by every interest in the land. Faiur
and commercial disturbances have alway
characterized IL whenever and Wherever a.
tempted. The patriotism OF our people and th
almost bOundless resources of our countr
have alone inteTposed 10 prevent nations
bankruptcy and universal ruin. How muc
longer these great sgencies win be able
avert so fearful q calamity Ii ia impnssbl I
affirm. To demoneiize all the precious met4
and substitute paper as, and for money, woul
be a new and novel feature in the legisla 10