The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-08-07


more than the first issued.
He spoke of the pledge given by Congress in
which all parties united, that the entire
amount issued or to be issued kshould not ex-
coed $400,0O0,OO0. This pledge was binding.
He alluded to the national banks and COM
pared them with the old state banks they sue
ceeded and showed the condition Of the state
bank that Joseph L. Smith, the Greenback
candidate for Governor, run before the war.
He contrasted the security and safety of the
present system with the old He replied to
the demand that the government should issue
the bills by showing the miscellaneous results Of
making the amount of the currency the foot
ball of Congress. Banking was now absolute
ly free and the amount of currency would be
according to the need. We must have banks
There must be places for oaning money.
He next alluded to the taxation of bonds,
and said no government allows its securities to
be taxed. No government could cODcede that
with safety. If our bonds could have been
taxed fatal stab might have been given the
public credit by hostile legislation during the
war. He then asserted that government bonds
were in fact taxed more than all Others The
tax is in the shape of low interest If they
were subject to tax the interest would be
higher and yet they would escape taxation as
our state and railroad bonds do. He showed
how state and railroad bonds now owned in
| this state escaped taxation. He closed by ex-
pressing his firm conviction that the people of
| Maine would never embark upon that sea of
| initiation that had no bottom and whose shore
| was beyond our horizon
| Mr.. Hale followed Mr.. Blaine and spoke
substantially as follows
He was proud of the honor conferred upon
| him of another nomination. There was no
| need of his abiding to his record. He had
| been partisan, but he hoped an honest one.
! We had now questions to meet that SHOULD not
| be made party questions. They were ques-
| tioDs that affected our honor He spoke OF
| these questions and said we were not only
threatened with initiation and reputation, but
with greater danger. He looked up the speech
| of their Leading orator and showed its COM
munistic tendencies, how it attempted to array
| class against class Democrats as well as Re-
| publicans were interested in these attempts to
| bring about national dishOnor and to break
H. H. al the safeguards of property: The
other, forsakiug the stands9S g Sonest " monev
| Their platforms in many cases fivai1ra u.
| Greenbackers. Some of these leading Green
! hackers had formerly denounced the green
| back He spoke particularly of the former ut
terances of Messrs Ladd, Chase and others.
| He spoke in refutation of the charge OF great
| contraction Of the currency and showed that
we had less currency during the years of great
! prosperity, SO called, than since. He went
| over in detail the various amounts outstanding
at different periods as shown by Treasury re-
ports and ridiculed the statement of GreeI-
hackers that there had been a reduction from
| $1,000 100000 to S600,000,000. He said our
| good times from 1865 to 1872 were not owing to
| the amount of currency then outstanding, but
| TO the movement OF CnlS currency. IQ6 gov
| eminent was the great consumer and demaud
| was brisk for all articles of use and for labor
! and services. Money was kept moving. Ae-
tlvty of capital is now needed. There is
| money enough, but the continual agitation of
| these initiation and reputation theories pre-
vented men from making active use of it. The
| panic still had its effect because confidence was
disturbed and these agitators prevented its res
| toraton. If our bonds were ont of the way
| capital would seek foreign bonds and securi-
| ties ,,.;,,,
| ton and showed that legislation had reduced
| the taxes and the national debt and at the same
| time had reduced the rate of interest govern
| ment was paying the bond-holder. The bond
| holder suffered by this reduction. His six per
| cent bonds had to be given up for four per
| cents. Banking was free and no more green
backs could be retired. If the schemes advo-
| Gated by Greenback leaders were adopted and
| further issues made our money would be de-
| based. Who would lose from this depreciation
| more than the laboring class? He spoke Of the
| Hay ten and Buenos Ayres money and asked
| if we wanted such as that. He concluded by
| expressing his conviction that the people fthe
fifth district would 10 the future as in the past
demand honest money and q fulfllment of all
| our obligations.
Waldo County Republican Convention.
The Republican county convention made the
| following nominations:
Senators-Eisha Carey of Winterport and e.
| P Hale of Liucol nville.
Treasurer-Gsorge D. McCrillis, Belfast.
Commissioner-Orrin Learned, Burnham.
Sheriff-Fred Swan, Belfast.
Oxford County Republican Convention.
NORWAY, Aug. Cat the Republican coun-
ty convention at Paris today the following nom
nations were made:
Senators-Francis W. Redlon of Porter and
William w. Wait of Dixfeld.
Commissioner-Geo. T. Ham mond, Paris
Sheriff-William Douglass. Waterford.
Clerk of Courts-JOnes S. Wright, Paris.
Treasurer-George Fl. Watkins, Paris
The convention was addressed by Hon. W.
P. Frye.
The Kentucky Election.
EVANSVILLE, Ind, Aug. 6.-The Journal
has reports Of the election from several pbints
in Kentucky, including Louisville, Owe ms boro,
Henderson,, Madisonvile, Hopkinsville, Lex
ington and Newport. Lexington, Frankfort
and Newport gave majorities for the Nationals.
In Louisville the Catholics and aDti-Catholics
were opposed the anti-Catholics winning. At
Greensboro the Democratic candid ate for
county officers were elected by large m ajorties
the National party polling very small vote.
AT Madisonvlle, Hopkins county, the Demo-
cratic candidates for county judge aud TAILOR,
were elected by 300 majority. They were
candidates of fusion of one wing of Democra is
with the Republican. There were no contests
for the other offices except the magistrates, of
Wnlcn tne hepapncanS nave probably gained
three or four. At Hopkinsvle the Republi-
can ticket, except assessor and jailor, was
elected
The Republican nominees for marshal and
judge of Hopkinsvilie were defeated by about
a hundred
CINCINNATI, Aug. 6-At the county election
in Covington, KY, yesterday the Democratic
ticket was generally successful. At Newport
the Independents were victorious
Delaware Democratic Convention.
DOVER, Aug. Cat the Democratic state
convention held today John W. Holl of Kent
county was nominated for Governor by &C cla-
nation E. y. Martin of Sussex county was
nominated for Congress on the first ballot
One of the resolutions endorses the public
course of our Senators and Representatives in
Congress and concludes as follows: In accor.
dance with the Sme-honored and constitutional
faith of the Democratic party, we hold that the
only honest and lawful money of the United
States is gold and silver coin or paper cur
rency convertible into such coin at the will of
the holder.
Resolutions were adopted denouncing the
conspiracy which through corruption and fraud
gave the electoral votes of South Carolina,
Louisiana and Florida to Rutherford B. Hayes
for President and William A. Wheeler for
Vice President, against the clearly expressed
will of the voters OF these states, amt approving
the investigation instituted by the House of
Representatives.
Republican Victory in Portsmouth.
PORTSMOUTH, N H., Aug. 6-The result of
the municipal election today was overwhelm-
ingly Republican. The vote for mayor was as
follows: VIM. Ell. Sise (Rep. $3.50; Samuel P.
Treadwell DEM 592; Luther E. Martin
(Greenbacker) 1865; scattering 4. Sise's major
ity 22S; plurality 1897. In the board of aloer-
men the Republicans elect six out of nine
members. The common council will stand
twelve Republicans TO six Democrats. Much
disappointment and surprise is expressed by
the Greenbackers at the very small vote thrown
by them where there were such great expecta-
tiuns.
Louisiana Dem ocratic Platform
BATON ROUGE, La, Aug. 6-The state con-
vention platform call for aid to the Pacific
Railroad and the Brazilian steamship line,
endorses the Nichols government; approves OF
the fraud investigation by the Federal house;
expresses sympathy for the laboring classes
who have been thrown out of employment by
the rulnous financial policy and unjust legisla-
ton of the Republican party and pledges
of the Democratic party to reform these wrongs
upon its ascendency to power; demands that
the National banking system should BIZ
abolished and the national bank notes retired