The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1877-09-27

the employers Of laborers, the men who
drive on the wheels Of progress In this
country, that this tremendous burden is
being placed upon by law. 1t is crushing
them. The records of bankruptcy show
every year since that law was passed and
increasing swelling the number ofbank-
ruptcies 9fmen who give employment TO
labor,of men who, when broke down have
to discharge their laborers and have them
90 upon the streets idle and beggars. That
is the class that this atrocious policy is
aimed at, and is crushing under foot,and
for the bene6t,as a rule, e,ofa class OF mon
ey.holders who don't contribute by active
exertions of mind or arm TO the product
i've industries Of the country.
The gentleman makes good deal OF
sport In q very good-humored way about
MIR. Tilden's opinions on the subject OF
resumption. Now, who cares for his pri-
vate opinions on the subject Of resump-
tion2 / supported him for President.
Why? Because he stood on the platform
that declared that the resumption scheme
should be repealed. Applause. And
he would have carried il out in good faith
And he is opposed, as his written opin.
ions show, to-day, to policy Of forced
resumption in advance of that prepara-
ton which | have shown you la my
speech this Government has not made
for resumption.
Look back at the argument l made in
my speech upon the Resumption Law and
tell me whether the gentleman in his
answer has aimed to touch the hem of its
garments. daughter He picked lit
lie flaw here and little flaw there, but
there is the great fact standing out as
patent as the broad sun ateventide, which
he cannot answer and which makes re-
sumption utterly and absolutely impossi-
BILE. He says that these bonds are paya-
BILE in silver. Very well, that is the gem
tleman's opinion. That is true That's
the opinion of ninety-nine hundreths OF
the people, but it is not the opinion OF.
the Secretary of the Treasury-of Presi'
dent Hayes. have here circular issu-
ed from the Treasury Department by or
der of Secretary Sherman, which says
"any act which shall declare silver coin
for such bonds is an attempt to insert an
element in the contract which is express
ly excluded by the promissor by the act
of 1878" [Cheers,]
Now, it is very gratifying to us to know
that Mr.. Matthews believes the bonds are
payable in silver, and in his speech at
Athens he was very careful to say he
would not commit himself on that subject,
[laughterl of payable in silver but
whether the people have the right by
the reconciliation of the old silver dol
lar itself to pay these bonds according to
the contract, as Mr.. Matthews interprets
the law, he fails and declines to give an
opinion, and stands, SO far as the bonds
are payable in silver, directly in the face
of the acts Of the Administration in ne
gotiating the bonds. t...
Now, fellow citizens, these two laws are
all there is of this great industrial ques'
tion-the repeal of the Resumption law,
so as to allow banks, if you please, if the
banking law be not changed, to issue pa
per money freely, by security Of United
States bonds,or what is far better, to issue
greenbacks in place of National bank
notes, Voice." That is it; that is what |
want and take up three or four humid
red million dollars of bonds by purchase
with the new greenbaCks, and stop that
much interest on the public debtand that
much taxation, Cries of "That is itP'
"That is III" gY rr. et..L
If that had been done according to the
design the Democratec party has shown
by its votes in Congress in 1866, the pub
lie debt would have been reduced $780,
100000 or thereabouts. And there is that
saving of interest from that time to this
which would have amounted to one-third
of our whole bonded debt, which might
Just as we'll have been saved to the peo-
pie as not.
Fellow citizens, as I said before. these
two questions are the great questions OF
public interest They affect every man,
unless it be merely the lender of money.
They affect every man who is actively
engaged in industrial pursuits. They at.
feet every man who wants to work for
his bread at fair wages.
That is the class of men that l submit
what have said on this subject to, and
beg them to consider the subject dispas-
sionately and not suffer themselves to be
led astray by party clap-trap into the gulf
of misery and bankruptcy, which certain
ly they will be if they continue to follow
these blind leaders. Prolonged a2-
plause.