The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-09-19

we appeal to the other and better class of
| Southern white men to come and stand with us
III great national party, pledged to give the
country peace and prosperity. giving to all the
| people equal rights under the constitution and
! before the law.
| The Secretary declared that the Democra tic
| pretensions Of economy were fraudulent The
arbitrary reductions in the Appropriation bills
were trick, being only Withholding or uost-
| ponement OF necessary expenditures, to be
provided for after the election by deficiency
bills Or in some other way. The books are now
posted, and we find that since the Presidential
| election deficiency bills have been passed
amounting IN the aggregate to S14,s34. 1862 50.
and that about $1,00O,0O0 of deficiency items
have been provided for in the Sundry Civil
bill, passed at the late session. We find also
that the aggregate of appropriations Cor 1876,
when the Democrats of the House were pre-
pairing for the election, was $14S. 535. 798. Al.
while the aggregate of the same appropria-
tions for 1878 passed by the same party man
ayers, is $172 576, 69215. or an increase in 1879
over 1876 of $4,000, 1924.
The Secretary gave it as his deliberate opin.
| ion that there is great danger in the Confed-
crate war claims now before Congress. If
there is no purpose to push these claims. why
are they kept alive? WHY are they kept con-
stantly before Congress ? Why are they re-
newed from session to session and kept always
pending? You need not be told that the Dem
ocrats can gain and keep control of Congress
only by the aid OF solid South. and YOU know
well that solid Democratic South would die
tate the policy of the party. There are now on
file many thousands Of claims in which the
evidence is more Or less conflicting on the point
Of loyalty. With Federate Democratic Com
mission to pass upon the question, it is nv
opinion that vast sum would be drawn from
the treasury to pay rebel claims. without any
open action in the way of the repeal of the law
prohibiting the payment of any but loyal
claimants.
On this subject the speaker said: "The Be
publican party points with justifable satisfac-
tlon to Its record upon questions of crlrrency
and finance. In answer to the clamor of our
opponents about these questions, we appeal
with confidence to an honest and intelligent
people, and simply ask for comparison of our
financial situation of to-day with that of ten
years ago. The record is one in which not
only every Republican, but every citizen
as WE'LL should feel just pride. The burden
of our national debt has been steadily de-
creased. The aggregate of reduction, since
March 4, 1869, has reached the sum of 1885,
882, 735. 16, whereby there is an annual saving
Of 1881, 208, 542.50 in interest The aggregate
of reduction since March 4, 1865, exceeds the
enormous sum of over 1000, O0O-about
annual reduction of interest Of more than
$48,000,000. Our national credit, always the
unerring test Of the wisdom and SCUM lness of
our national policy, has steadily and rapidly
improved, until to-day, for the first time in our
history, we are able to borrow money, at home
or abroad, at per cent. interest; and the pro-
cess of converting our per cent. bonds into 4
per cents. is progressing satisfactorily. The
sales of per cent. bonds for sixty DAYS past
ho rod il
OF Democratic opposition, we have adhered to
the policy of simple honesty-the policy of
keeping sacredly the nations, pledges; the
policy OF treating the greenback &s a promise
to pagan obligation q debt, to be paid, not
in another promise, but in dollars, as plainly
expressed on the face OF the paper; and, by
this policy, and by this alone, the money of the
people-the greenback- been brought sub
stantiallyto par with gold. To show YOU how our
national credit has been preserved and i'm
proved, it is only necessary to state what the
record shows TO be true, that since the incom-
ing of the present administration the Govern
ment has sold at par $500, 900, coo of AZ per
cent. and over $129,000,O00 of 4 per cent.
bonds, largely to our own citizens. If this is
not enough, let me call your attention to the
further most significant and gratifying fact
that the premium on gold coin, which was 3414
per cent. March a. 1866, and which was 313I
per cent. March 4, 1859, is now only one-half
of per cent. I know we'll that these results
have not been reached without some shrinkage
i'll values and consequent loss and suffering :;
but these were inevitable, and happily the
worst is over. We are back again to solid
basis; we are down to "hard-pan" We shall
shortly resume specie payments, thus releasing
the specie in the treasury, and then, with
circulating medium amounting to over 9O0,-
900 of dollars "thst are dollars" each and
every one of which is worth precisely 100
cents, we shall resume our upward career of
prosperity. Let us rejoice that we are back
again to the safe foundation of stable equal
and honest dollars.
The great question between the Republicans
and their opponents is this (: Having reached
this solid footing-having secured currency
equal to aud interchangeable with coin-shall
we abandon it, together with all hope of re-
Stunning specie payments, and plunge again
into an uncertain sea Of initiation. Shall we
have fiat money, to be issued only by the Gov
ernment, and in such quantities and at such
times as Congress may direct? Surely the
people of Iowa cannot long hesitate about an
swering these questions. 70 abandon the pol
icy which has brought us SO near to perfect
financial health would be as absurd and suici-
DIAL as would be the act of man just recover
ing from a long illness who should, Of his own
q noJo