Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1877-10-05

goes lnlO savings DanKB, most OF IL from
savings in small sums. The poor men
are creditors for 1920, ZOO, 600 for unpaid
wages at any given moment.
Gen. Garfield continued in this vein at
at some length, showing how men of
comparatively small means became cred.
itors through the operations of life in
surance, building associations, etc. All
added together made more than half the
amount of the national debt loaned by
the poor people of this country to the
people who are in debt. II you take any
course that depreciates the currency you
hurt the small creditors. ..
He did not hesitate to say that all the
evils on the poor of this country are not
so great as the depreciation Of paper
money, The capitalist can watch the
market; the poor man must sell his days
work to-day. The Republican party is
in favor of policy that will not shrivel
the dollar in his hand.
The moment the greenback currency is
brought to gold, the 5000, 600, 600 of gold
coin will flow into circulation. One of
the most nefarious things is gold gam
bling. Resumption of specie payment
kills gold gambling On the ground of
putting all our people on an equality, we
ought to stand to the work of resumption.
He would rather the Republican party
would be defeated on that ground than
have it succeed on any ether ground.
The tide is turning in our favor, and last
year we sold to Europe more than we
bought from her by $166, 100000.
Gen. Garfield closed with a vigorous
or nr ha 10 rfu fNr
its persistent opposition to intelligent
voting, and for its opposition to all meas
ures to preserve the purity of the ballot
box. In this connection he referred to
the Ohio Registry law, showing that it
was made necessary by the frauds of last
year, and that it is a just and reasonable
law.
Mr. Pendleton in his speech made no
reply to Gen. Garfield's structures on the
course Of the Democratic party, but con
fined himself principally to the finances.
Replying, Gen. Garfield corrected several
glaring errors in figures made in Mr..
Pendleton's remarks. He read from the
official reports to show that there had
been contraction of fifty millions since
June 80, 1874. When the Resumption
law passed gold was 13 and a fraction;
to-day it was 81. If fifty millions of
contraction bring us from thirteen to
three cents, how much more will it take
to overcome the three cents? The gold
in the vaults is $106, ,000, 600; that was an
increase of $44, 900, ,000in twelve months.
My friend leaves out of account that
$166, ,000,00 of gold stream to us
every year, more than we purchase. l
don't mean TO say some of this is not
paid in interest BY refunding we have
saved $53, ,000, 600 of coin every year-in
ten years $3.50, 100000.
am not blue about the future of this
Republic Let us not forever turn our
faces to the rear and look upon the tu-
multuous wake of our ship, but stand on
the prov and look hopefully to the
future.
! believe in greenbacks, as MY friend
did not when they were created. They
will be redeemed by their creators.
The Republicans took up short notes
What do you think of the man who owes
you a debt due in few days and will
not pay it or give his note? The United
States did what any honest debtor would
do. 1t said: cannot pay you to-day
l will give you my note and pay it a
maturity.
My friend says we paid in coin what
we ought to have paid in currency. He
is wrong when he says we fought cam
paign on that issue. Out of their con
sciences the people said they had prom
ised to pay the debt in coin.
Gen. Garfield said he had heard abou
the British emissary in connection will
the demonstration of silver, severa
times. But nobody knew anything abou
him. Still it was always convenient t
talk about British emissary. 1t made
a statement strong.
The speaker gave some history of de
ymonetizatiOn, and by reading from tn
record of Congress showed that Demo
Gratis had quite as much to do with it a
Republicans, If no more. He explained
the law which stopped coinage. The
decentralization came IN the codifcatiol
of laws. A committee to codify the laws
of which Milton Sayler was a member
brought in big book, and Congress
adopted it on the faith of what thes
gentlemen said was in it; aud it wa
found year afterward that the silve
dollar had been dropped. Now blam
Milton Sayler, If you want to. do no
believe he was Influenced by Britis
emssary. A mistake was made.
The Democratic platform says remor
etize, and then steps. The Republican
don't consider State Convention a plac
to arrange details. If you should dC
monetize silver when it was 10 per cent
below, you would drive the entire bod
of coin out of the country, and tha
would be contraction with vengeance
Gen. Garfield closed his speech with
reiteration of his claim, which Mr.. Pei
dleton made no attempt to deny, this
the Democratic party had boxed th
compass on all questions; and with
scorching review of the last move of th
, Democracy and reform-i
which he alluded in scathing terms
the manner in which Tilden had endea'
ored to purchase his way into the Pres
Dental chair, but he had not found or
of the 1876 cofruptble. He alluded wit
severity to the bad faith of the Norther
Democrats in the effort TO defeat a
, electoral count under an arrangemeI
for which they were responsible, an
spoke in high terms of the SoutheI
Democrats who kept the faith. He d
clared the difference between the Den
|, ocratic Southern policy and Hayes Soutl
: ern policy to be that the Democra
! wanted the people of the South to con
: in while they were rebels, while the X
|. publicans insisted that they should fir
get through denOuncing the amendment
Hayes policy was consistent with. Il
, record of the Republican party, al
= he spoke for the aboltionists of the o
= guard, representing the district former
represented by Joshua II. Giddings.
+ Pension All or Pension NOne."