Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1878-09-25
THE ESSENCE
Of Sound Financiering. General
Garfield in Eaneuil Hall.

There has arisen in this republic,
within the last few years, body OF
men who claim to have made dis
covery of the greatest possible i'm
portance and | want to say for them.
ii their discovery Is what they be-
lieve il to be, il is the most important
discovery ever announced to mortal
man on the subject Of finance and |
wish TO treat them with all the fair
ness of getting their own problem,
their own proposition, from them
selves. They claim 10 have discover
ed that there is no longer any room
for the old notion that the United
States has believed in for hundred
years: that every body believed in
in 1862 aud lSG5--the notion that there
ey. They claim that money is in it.
self creature of law; that nothing
but law can create it; aud that, rs
law can create it, it can create it out
of whatever it plesses, and make that
money which il declares TO be money.
Let us give them the full benefit of
this declaration. They declare that
as the Creator said "Lot there be
light, and there was light" SO SOW
ereign government may say, "Let this
piece OF paper be money, aud il will
be money" Applause. Let the re-
public pronounce its fiat over = piece
of paper and that becomes money
aud hence they call it "fat money
Now, as TO what they shsll do with
the fiat money, a. TO how much they
shall have Of it, they ale not agreed
Let it DO remembered that the re.
mains of the old Grcenback party OF
1876 that made Pomeroy their chief
and manager; let it be remembered
that they themselves had organized
| in the United States 45O0 clubs
Greenbxck clubs-who held the doc.
trine have just described, ard also
declare that all the interest bearing
debt of the United States 10 crime
against tho people, ought instantly t.
be paid in this fiat money, and If tbs
holders will not take for 1t the fla
money then every bank in the United
States shall be burned and the obi
CATION settled by fire. [Cries of.No =
and applause Now that, fellow
citizens, is the doctrine advocated
to-day by $500 organized politica
clubs in the United States.
Now another set Of msn do not g
80 far. They say We are not 81 clesl
about fiat money, but we do say tha
we will break down the order estab
lished by Lincoln that the money o
the country shall be geared on to tn,
laws Of value and the laws of trade
to be supplied by the automatic oper
atoms Of the laws Of trade. We vii
break that all down; we will abolisl
the national banks [applausel ",
will issue in their place three hun
dred and twenty-fOur more million
of the greenbacks, such ~ we nov
have--and that, want to say to you
is the demand of the Dem ocratic par
ty of the State of Ohio. Applams
and hissca. II 10 the demand Of tn
Democratic party in almost, il nc
every, State west OF the Hudson riy
er, west of New York. Let us ge
the propositions before us, gentle
men, before we debate them. Tha
I say, ia the proposition Of the grea
mass Of the Democracy west of III
! Hudson river. Now, IA sort Of CO,
ter around which many Of these do
trines revolve, read you statemen
and | take your time to read il
that l may misrepresent nobOd
from speech made In Congress Z
the 9th day Of February last, pc
. haps the most intelligent and logic
: form of the statement that has be-
: made by anybody in the Unit
States. ] read: "The American 9,
TEN of finance demands these thinp
Q | demand that dollar shall be issn
Q by the government alone In the s.ssaa
J, else Of its high prerogatives ss7oils
: stitntional power. i wagadlent an'
i stamped upon some least poastbl
cheap material Of that neither Il
o intrinsic valrNtrrction will be an
= wear nor :,