Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-10-26


Senator Key said that wren The 1Se
OF the COnfedeTacy was furled at Johnston's
surrender, lie gave mp tbes war. He then
stated the executive clemency OF President
Andrew johnson TO him and his return to his
home In East Tennessee. If he could be
other than grateful to him, he would
deserve the eZecratiOn of mankind The
death Of Andrew Johnson was a calamity to
the nation, and yet singular fact is that the
very man he pardOned became his successor
His appointment was surprise to hIIu
pected and unsolicited by him. BE trem5led
befOte he undertook the responsible
duties offered him as the successor OF
Mr.. Johnson in the senate; yet he
determined to attempt their discharge, not
with Andrew Johnsons 8 ability, but with all
the ability he could exert. To such an extent
have the courtesies and hOspitalities from all
parties in Memphis been shove; ed upon him
since being here, that he was dissrmed, ant
therefore the audience could not expect a ber
llg5rsntEpeech. he referred to the fact that
all citizens of this State are TenneSseans, and
asked who thought of geographical divisions
when recalling the long list of distinguished
names-Jackson, Carroll, Bell, Polk, White
and Johns IN. The approaching election is of
vast importance to us and those who come
after US. Rains fall on the Just and the un;
men ard all parties. If they be wholesome
and beneficial, the interests of the members
of one party are as much fostered and pro-
NOTED by them as those of the other. If, on
the contrary, their effects are deleteriOus, they
ipjure al, parties alike. In the solemn pres
6nC6 OF consequences so IaCIS SO I'M
portant, issues so all,pervading, reaching
down the visits of ages, away into the misty fu-
ture, freighted with the hopes of the un born
millions of the generation to come, on the
very Threshold of our approaching Presi-
dsntial contest, we should respect the 1pjunc-
tiOn to the ancient Hebrew prophet and lead
er: "Take the shoes from on thy feet, FOR the
ground on which thou standest is holy" That
is the most Tree government which byitS laws
imposes the feWes5 restraints upon It's people;
whose enactments are I'm partial, dlscrimi-
IA "a n { Of n 0r as
OF property, or peculiar interest. The best
government IS that which, with the least bur-
den on the shoulders of IT'S people, gives to It's
citizens a fair field and ample opportunity to
support, educate and establish the position
aud fortunes OF themselves and their fam
lilies. 1t il the duty of the government to
keep all Stumbling blocks possible out of the
pathway TO successful labor, and then it is for
Its people 10 walk in that pathway and work
for success.
THE MONEY QUEsTION-DEBT.
Times are always hard with him who is in
debt and who has to meet interest. The wise
man said long asO that the borrower is servant
OF the lender, and his maxim was true then
ana is true now. If you owe another one hun
dred dollars for which you pay nim ten dol
lars IN interest, your time and labor, to that
extent, be. ongs to him and not to yourself If
the people composing community are in
debt there must be distress and suffering In
that community, and nothing can relieve 1t
but the payment OF its debts. Governm ent
cannot pay them or furnish the means to do
debted eSs, and you but increase the suffering
Take this city. Are its people in deot? Is
your municipal corporation in debt? Is the
county in debt? Is the State in debt? Is the
Federal government in debt? If SO, these
debts all bear interest and must each pile on
our shoulders heavier burden. The only
way TO relieve yourselves of the burden is to
lessen It's weight, and in this personal effort
Will accomplish more than legts alton. Gegts-
lation cannot pay these debts. They must be
paid by the people. 50 long as the people are
borne down by private debts the pubic liza
biliJies must 90 unpaid and accumu-
late. Interest gaaws at the Vitals OF our pros
perity and feeds upon the corpse of the pub
lie credit. The way and only way to get out
O1 such trouble is to pay out. Begin at the
bottom, the foundation which sustains the
faoric-the people. Let them by the exercise
of "wise economies" pay their debts, and go
in debt no more. The great apostle enjotned
il on US long ago to owe no man anything.
RapdoIph Of Roanoke, said the philosophers
stone was to pay as you go. Mr.. I1lden says
the be It financial idea is 20 live within your
income. Don't incur interest. When you
shall be out Ofdebt it will be much more easy
to gay taxes. Retrench, reform at home, in
the public service, and in public and private
expenditures; diminish your debts, not by in
creasing taxation, bat by joint economy.
That is true Democratic doctrine. Retrencn
ment and reform every where. Taxes, thoIgh
burdensoma and oppressive, are made lar
more 81 when we have personal debts 10 be
met. Free yourselves of private inde btedneSS,
and you will be surprised how light compare
lively your burden has become. Debt Is g
monarch high above kings, and wields his
scepJre remOrSely over empires, Kingdoms,
repu Giles, states and people and the only re.
liel against mis- expressions is the reduction
Of the tribute he lev es. Ny friends, |
oight to be removed from our p5-
lltfcel temple, were L to attempt TO per-
suace you that the good times are near at
hand. 50 long as we are in debt there must
be heavy taxation. The Federal government
owes more than two billion dollars Tnis debt
was incurred in the prosecution OF the late
war of the rebellion, and section four OF a1tl
Gle fourteen or the constitution provides that
"Che validity of the public deot CT these
United states, authorized by law, including
deOJs incurred for payment Of pensions ana
b0unties for services In suppressing tnsurrec-
ton or rebellion, snail not be questioned.
Ihe national deDt cannot be Iepudlated-lt
must be paid. The share of the state OF Ten
nessee in this debt is acOut seyenty-hVe mill
lion dollars, and there is no road OF escape
from il bat Dy its Liquidation. 1t is debt In
CURED in the conquest of our people, but The
struggle o. er and issues determined, 1t was or
dained, and we are bound by it, that this debt
shall not be Questioned. No, my Irlends, the
hard, iron, disagI eeable fact stares us in the
face at every step that we had tremendous
war, which has left upon us an immense pub
lie debt, which mast be met. l do not men
ton these things to appall you; but DO SO
are REQUIRED TO SurmouDt, and that you may
prepare 10 surmount them like men, ike Ten
nesseans. The lessons 1 would impress are
those taught by the Democratic platform
The terrible, memorable, ogerwhelm
ing necessity for Tetrenchment and Se
form, 20 that our immense revenues may DC
applied to the } ltduction of this debt. The
condition IN whi II tue war placed as adds
force and vigor 10 these truths; IL Iett oul
state aud people prusLrate. Property had
beea consumed: our railroads se!zed, anC
some of them 5struyed; four years of pro
duction lost. We must bear our share OF lh'