The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1877-11-22

ment; there IL no man who knows my
life who does not know that when went
10 that unusual place (the Clerks desk
10 speak Yesterday, went there TO speak
truth according as ! understood II. me
gentleman has referred 10 me as capit-
Slist; as owning government bonds, and
therefore as interested In this matter. II
Is more than eight years since ! have
been able to hold or own a government
bond, and although ] spoke yesterday oi
National banks, | parted with the last
share of stock in q National bank five
years ago. do not say this to conciliate
anybody, but ! make II to explain and
explode the idea. The question before
the House Is before the world. II is a
question now whether the credit and in
teprity and honor of the American peo-
ple shall before all mankind, be
sunk into bottomless pit, | therefore
say any man who aims blows at me as q
holder of Government securities as be-
ing interested in National bank, mis-
takes his mark. have not come here
and dared to utter anything on that sub
ect which have not considered. II l
had time / could expose the faIlacies,
misstatements, the errors, the nonsense
of the last speaker (Felton) 30 that no
man who is capable of forming an hon
eat and iudicious opinion on any great
question, can possibly make any mistake
about 1t. There never was in Discus
sion in deliberative assembly, as has
been shown in this discussion, so much
of ignorance, 30 much of passion, so
much of that spirit which will surely de-
stroy the integrity Of this nation, 80 much
that was absolutely wrong and ruinous,
and leading only to utter dishonor. Zap
plause on the Republican side
Mr.. Bacon said the country was now
in condition to resume, and If no OBJ
stacle were interposed, it would soon ar
rive at that much desired result.
Mr.. Townsend IN. Y said resumption
has come within a hairsbreadth. The
national imports last year had been less
than exports by $l80,000,000 1t was
this that had carried down gold toward
greenbacks by some s per cent. The
crops of the year would next year bring
$3.50 100000 from Europe, and that would
do the rest of it. There was an abund
ance ofCrops in this country, such as IL
never had before. North and west of
Ohio, north of Missouri, and north of
Kansas there were twelve thousand mil
lion bushels of corn. The country had
such crop of wheat as it never had be-
fore, and crop of cotton equal to the
best. Europe must have it and must pay
for it. The country must enjoy this pros
perity in spite of mistaken politicians,
political harpies, and ofselfsty ed friends
of the people. (Laughter)
Mr., Cox asked Mr. Townsend whether
he considered the passage of the silver
bill was or was not a step toward re-
sumption, and whether he did not be-
lieve that silver was coin according to
the Constitution, and therefore that the
public debt could be paid in silver.
Mr.. Townsend replied that when bonds
were negotiated both silver and geld
were the coin of the country He had
no doubt of the moral and political pro-
priety of paying national bonds and pri-
vate debts contracted before 1873 with
what was the coin of the country at the
time when those debts were contracted,
but he was not in favor of coming silver
to an unlimited extent.
After further debate the matter went
over without action, and the House ad-
iOurned.