Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1877-08-22

law and you would close every iron-mill aud foun-
drv in this land from one end o. II TO the other
fAppause.1 That is not where II would help.
RESIDES after you have gone without taxing for
couple of years some day you would have 10 re-
sumo How much better of you would be Your
Preenback debt would be three times as large.
That don't matter
and paw them of ia greenbacksi You cant do 1t
| il YOU want to. / will tell YOU why. There are
! $50 millions of these bonds lodged with the Gov
! eminent at Washington. Banking IS entirely
/ free. If man wants to 20 into the business he
/ buys the bonds, puts them up at Washington, gets
/ the bills and puts them into circulation. When
/ he wants to withdraw, he simply returns the bis
aud takes out his bonds. Don't you see that
/ whenever the democrats get SO near winning an
election, or near winning several elections 50 ths'
the banks ge. scared, they VIII call IN their hiils,
they Will take out their bouds, they Will sell their
bonds they will pocket the premium. lou VIII
have wiped out, destroyed, contracted your ma
tiona circulation hy Just the amount you have de-
! prlyed the National banks Of II you democrats
have got tongues dom y0u think the stupid bank
| men have got ears Non can not rnsh IN special
classes of the bonded debt, for the moment You
specify that class that Class viii sell the bonds
| they have gut
Yon can only do one tLing. You can only pay
| of the entire bonded debt by greeubachs. Now
| let rs see how near the end we are, then. nc
bond is the prov to pay with interest he
greenback is the promise TO ray without interest
1
| YOU paid the debt You give me your note. After
| / have held it three months, | come to you and
| say would like TINS note redeemed. certainly
YOU say, and Won sit down aud write me another
| note, better looking than the last was. carry
| that until it j. pretty well worn out, aud go to
| you and say want something that actually means
| something. Certainly, and You sit down and
write me haudsomcr note than the second one
| | never get my pay. The debt Is not psld. The
| debt j. promise to pay dollars. That hlil don
sav This is FIVE dollars" bat The nlted States
| promise To pay hve dollars" What Is It's value
| Not that payer; something behind that paper.
| This paper Is only worth D or cents pound
| Its promise J. the value. believe that sometime
| that is to be kent. Whenever you don nk that
is to be be kept, what viii that be worth A2
| psuse.
CONFEDERATE RRENCl.
| | have another bill here, that think the priut-
ing il a little hsud>omcr; the paper weighs llst
as much. This (he United states 'tel l. for e3 ;
| this a Confederate note Is for so. So on the
| theory of the democratic party OF Ohio, that l.
| more valusble than the other. THIS reads d" rne
| United STATE. of America promise 10 pay five dol
lars :" and this reads, The Confederate States OF
| America laughter and cheering. Now, |
| picked up a payer the other day, and found that
| our iniaIion friends Of ONO had had a very dis
| tinguishCd ally, who has recently joined their
forces; it he disc )uftcous IN TINS returning
| season of reconciliation and peace, for me to re-
fer to the career of j elson Davis, OF Mississippi
| but 10 recent address, al an AEtlcutuiAl lar 10
| Missouri, Mr., DAVIS says that this country wants
| more currency Gentlemen, he tried his hand at
| more currency few years ago. and that IL what
| 1t produced lnoldiug up so biIl.) Laughter. !
But my friend says 10 me there Is n danger
| that this Government will ever Iepudiate. Now,
| want to talk seriously to you about that for a
| moment. When We printed tfe first greenbacks,
| we pas sed a solemn law that never under any
circumstances, would We print more than four hun
| bred million, OF dollars. That Law has been le-
4 TOD IN al. . r1. ~ ~
that il has been thrice the solemn declaration OF
this Government TO every man who has received
| a greenback to every man who holds it, that I'M
der Circumstances, Will it print more than four
| hundred millions of dollars of them. To print
| one dollar more, we must stand before the civil
| Ized world as guilty Of lie.
| If ] wanted to make my boy thief, would
| begin by teaching him To steal a dime; when
| had deadened his conscience aud deadcned his
fear, | should have made my boy q thief beyond
| peradventure. If | would make him a liar, [
| would teach him to tell little hes. Ii | would
deaden the conscience Of this nation, would n-
duce il, the dem lcratiC intlatonlss of Ohio are
now irving do, to tear from the statute book the
| solemn pledge of the nation and write lie.
| Applausel. The first drop that comes through
the dam tests its strength the first drop is
| followed by the second the second by the third,
| until triekling stream finds its way through, and
then in one short hour the barriers burst, the food
rushes forth, and the valley land below is inun-
dated aud devastated forever.
DIVERGENT PATHS.
| So it IS with you, men of Ohio, to-day. You
are standing at the place where two road.
part. Business NAV be duh, industries may
be stagnant but you are standing where one
party that appeals to the hunger OF the men
out of work, to the growl Of the Spectators
10 the instinct of the gambler, TO the spirit that
| IN broken and drowning men bids them catch at a
| straw, and with siren song it whispers, "Only
break your nations faith this once; break it a lit
| tie tomorrow; 1t is only a white lie that you tell
On the other side stands the party that stood by
liberty, when liberty cost something; that stood
by loyalty, when loyalty cost something APP
| pause. And that party appeals, to-day, to no
pre- udice. 1t recognizes that it is word, and il
| says, resoluely BY the memory of the great
/ Wise One; by the flag that waved over rs, on
| many battle won; by all that we gave and suf.
fered to keep this Union free i'll its day peril, we
swear that we will keep the nation honest. Loud
| applause.l
| CONTINENTAL CURRENCY.
History may repeat itself They ask you to in
| fate to-day. One hundred wears ago, thirteen
| feeble colonies were struggling this continent
| Tor the liberty of the nation. They borrowed a
| little gold from Holland; it was but little they
| could borrow. They borrowed little gold from
| Spain; it was but little they could borrow. They
| borrowed a little gold from France it was but
| little they could borrow. They could not levy
| taxes, because the British soldier occupied every
| the father of the greenback. the old COntinenta
note; and they set the printing presses going, snd
printed, the first year, ten llions of dollars OF
| them; and the next year they printed more, and
the next year still more, until, when the wal
| closed, there were three hundred millions of dol
| lars of these Continental notes in circulation
| They then were brought face to face with the veIy
| question that you are confronting tonight; and
| after careful thought, they decided that for al
| least one year longer because times were hard
| they would print more Continental notes, the
greenback dollars of the revolution. They print
ed them. hold one in my hand. Let me read
| its language to you, tonight. 1t is stronger
even than the greenback. 1.-The United States
| do YOU recognize the name of the United States
This bill entities the bearer to receive five Span
ish mill dollars | read its exact words "or the
value thereof in gold and silver" | still read
from the bill according to a resolution by Con.
gress, Sept. 26, l11S." That money was paid to
| your grandfathers, who fought the battles of the
| Revolution. 1t was the price of the birth of the
| nation, much as that bill was the price of il.
continued existence. And that money has never
| been paid, not one dollar of it, your government
| and mine has repudlsted it because, when the test
hour came, the people said, we will initiate
| rather than pay.
| INITIATION Is REPUTATION.
And so to-day l charge you by the memory and
the experience Of the past, that Initiation to-day