Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1877-09-28

10 the majority, they arc 90 shocked at the
idea Of any fraud upon the ballot-box-and
yet what SAYS my friend here as TO the Regis.
tration law In 0hio9 He wants y repealed,
because such law will take Eph, Holland
before he votes instead OF sending him 10
the Penitentiary afterward. ssrr 8. r rHtf.n
The indictment preferred by Gen. Ewing
against the Republican party contains tw o
counts One consists Of the Resumption act
aud the other OF the decentralization OF sill
YER propose now 10 consider the question
Of the resumption OF specie payments; and
say In the outset that am for Il first, last
and all the time. In considering the fnsn-
cial policy that ought TO be pursued by the
Government, the financial condition In which
our Government finds itself placed, shall
| call your attention In the hrst instance to
what consider 10 be tsprine necessity, and
that Is the maintenance OF public credit. 1t
Is not a mere sentimant; II is not mere
matter OF honor; II is not mere matter of
justice to the public creditor; II is mere
| matter OF dollars aud cents to you, to the
| people, to every taxpayer, for SO long as we
owe public debt, so long as we are required
TO go down into the markets, either at home
or abroad, for the purpose OF borrowing
money to carry our debt 10 is matter OF in
| finite consequence pecuniarlly TO the whole
people that we should be able to borrow II
| on the most favOrable-teTms, and capitalists
at home and abroad will lend .tolthat debtor
at the lowest rate Of interest who maintains
unsullied and untarnished his credit and
performs his obligations according to the
letter and the spirit OF the contract, meeting
! them on the day OF payment at the time and
In the manner agreed upou.. Look at It, We
| have debt OF over t2,0OO, 100000
Fellow-citizens, shall l stop to ask the ques-
| ton who made that debt necessary 3 Shall l
stop and discuss the question who Is respon.
sible for the creation OF that debt, that enor-
nous debt, and the enormous taxes that
have burdened the hopes Of the people year
after year, to pay the interest aud reduce Its |
| principally Aportion of 1t, fellow citizens, |
was contracted to enable the Government of
| the United States TO pay to my honorable |
| friend his salary as Brigadier. General in the |
| volunteer army the United States, because,
| | presume, his tenderness for the Southern |
| brethren would not have allowed him 10 |
serve the Government without pay Now, |
| in the good old days of James Buchanan, the
latest, and pray TO God the last, Democratic.
| President, this Government was a beggar in |
| the markets Of the world, its, credit down,
unable to borrow money at less than from l |
to IL per cent. interest. How isit to-day un-
| der Republican misule, extravaganCe and
corruption? Why, il 1t were not for the |
| public utterances to-day in Ohio of such |
men as Gen. Ewing we should be able TO re-
| fund our entire debt with one bearing per
cent. per annum. l believe gwe cand do 1t in
spite of him. There is nothing like trying. |
Now, just think of it. What does the ca
pacity to fund our debt AT 4 percent.p per |
anuum imply? Why, that great body Of our
| debt draws 6per cent, and TO refund II at
per cent. is payment withouteo,st Of a dol+
lar of one-third Of it. Mark that, We get
rid of 33K per cent. OF the debt when we are
able to reduce the interest from to 4 per |
cent, per annum, reducing the annual tax Of
the country nearly 5000 900. That is the
policy of this Administration; it is the poll
cy which they will pursue and successfully |
carry out il you by your voices and your |
votes will sustain it.
ty'r.r.t'z - a. +aefs.Af
| is there In It,? Why, my felloW-citiZens, | |
can hardly better express my Views on the |
subject than by reading little extract in op- |
position to the horrid picture that was pre-
sented by the Imagination of my learned
friend on the other side as to the conse-
quences Of the resumption Of specie pay
ments. | read from little document, which
| will tell you about lafterwafd, in which it
is said s.ra, -. '...hJ Ian nuUas.l .liau aHfI
In resuming, the banks even il it were possible
ior az tnes % n0es 6o 10 20 oe Presepsd ior
100000 Of notes without contracting their loans
to their customers or calling on any private debtor
| for payment. Suspended banks, undertaking to
resume, have usually heep Obliged to collect from
ready borrowers the means 10 redeem their ex- |
cessive issues and TO provide reserves. vague
idea of distress is therefore, often associated with
| the process OF resumption, but the conditions |
which caused distress in those former instances do
| not now exist. The Government has only to make |
good its own promises, and banks can fake care OF
| themselves, without distressing anybody The |
government Gov s ihereiore the sole dslin9 , 9
States now outstanding Is less than $370, 600 O0J,
besides S34,O00,OOO of fractional currency. How
shall the Government make these notes at all times
as good as specief It has to provide in reference
| to the mass, which would be kept in.use by the |
wants OF business, central reservoir of coin adj
equate to the adjustment of the temporary fuctu-
ations Of international balances and ~ a guaran-
tee against transient drains artihcally created by
the pSyment in coin Of saeb H p9pue c%T
rency as may be presented for redemption and |
such considerable portions of legal-tenders a. in |
dividuas may from time to time desire to convert
for special use, in order to lay by in coin their
little stores Of money. To make the coin now in |
the Treasury available for the objects OF this re-
serve TO gradually strengthen and enlarge that re-
serve, and to provide for such other exceptional |
demands for coin as may arise; does not seem to |
discreetly pursued, II ought not tofcostany sacri
hce TO the business Of the country. II should |
tend, on the contrary, to revival OF hope and |
confidence. t..q I. 'r-E |
Now, fellow-citlzens, from whom am l |
reading? John Sherman? If you say John |
Sherman, then, of course, the Democrats |
would all say we don't believe anything j ohm |
Sherman says about that. But from whom !
do read? What doctrine is. this What |
prediction Is thisg What prophet speaks |
the words have read What learned pun
dit in financial economy has declared how |
easy t. is to resume without costing any |
sacrifice to the hopes OF the county? All! |
you say perhaps he belonged to that Internal
class of usurers, bondholders, one of that |
New York circle and ring of money power |
men, one of those Wall street brokers and
| usurers, one those National Bank Directors,
one of those men the balance OF whose bank
account is generally from $2,000,000 to 49,
100000, waiting his opportunity until he can
obtain some good slice OF 10, Is or 20 per
cent. when paper is offered to him; some
shark. don't say so. No, fellow-citiZens,
he was not that kind of q man, That man |
from whom read is a man that that man
| turning to Gen Ewing] voted for for Presi- |
| dent of the United States-in whose behalf
portion Of the party wanted to work a
revolution and civil war in this country
to oinaugurate him as President Of the country.
Why, the first two letters In his name are
Samuel j. Tilden. Now let the gentleman
| blow his horn, sound his hewgag, hang out |
his banners on the outer wall and talk to us
| about honor and that internal resumption. |
The man who Is running fOr9 President tos |
day on the Democratic ticket held : meeting
at the Manhattan Club, thai sYallow.tan
club on Fifth avenue in New YOrk and said |
that until he was lighted and put in the
Presidential chair the people Of the United
States ought to stop talking and discussing |
an. question OF P0licy &T,I
Well, now, fellow citizens, It is said that
resumption, meaning all that have defined |
1t 70 Pe-merely the rsstorstio1te par Of gstd
1t could not be tolerated. ID ad41s q
l have shown that the National Democratic
party, through its Democratic President, Was
distinctly in favor OF it. But naming the
dayl Oh, that is the question, sDSming the
day! suppose Samuel j. Tilden always had
an objection to naming the day, and that is
the reason he never got married, and, there
fore, II he had made an engagement with
some handsome young woman, in which he
said nothing about marriage on a. certain
day, after the passage OF the Democratic
resolutions in st. Louis, he would have waited
uDOn the VOunQ lady and said. n Nv dear
voted TO you, soul and body; my heart pants
and sighs for you; there, is nobody In the
world SO dear to me as you are, and pro-
pose to carry out my engagement at the
tSsrs aP pot 1S aHa M
Of our happy union, propose to repeal the
day. want TO get rid OF the day object
to marrying on a particular day. l am in
favor Of marrying generally. am in favor