The home journal. (Winchester, Tenn.) 1858-188?, 1878-03-28
COL. A. 3.
Abstract of his Speech ut Hunts
Station, Saturday, March
23d, 1873.
Citizens:

Fellow-Citizens:
A melancholy pleasure Away. attends
"A return to the place Of b0ylioOd, and IT,
incidents and scenes come fresh To the
memory.
The invitation TO come here and nd
dress the people. In the Immediate ylcin-
aye of the humble, but ncvcr-to-bc-iur-
gotten home OF my early days, and hard
by the graves vf my father and mother,
was ut once accepted In preference I,
similar requests IRON other parts of III,
State, assure YOU II would BIZ pleasant
for me to spend the few hours | nave u
remain In Il recurrence to Inc Incidents
thought and actions of myself. MS II coun-
try boy, after having forty years AID
more To make up Il Judgment. | see here
men who gave me encouragement in my
earliest struggles, ana IN the audience !
see my friend of more than forty years
who presid d when | made the first at
tempt ut public speaking. -.
am here on Il special mission. and !
shall ut once proceed to its discharge
Since your letter inviting me here 10 dis
cuss tile question vi our state debt, now Il
matter OF 50 much Importance 10 the
whole people Of the State. the Federal H.
nallciul policy, rs well us its ultlmatnin.
has bceu clearly shown. The interview
between the SENATE Committee ami Mr..
sherman three days ago. ana letters writ
ten Immediately afterwards, leave no
room to doubt. Resumption Is TO take
place-resumption in the hardest manner
resumption with no legislative iIeips--
RESUMPTION witiIout notwithstanding
ton Nv selling bonds to redeem the green
backs, letting the banks take care oI
themselves, bringing the property and
business OF the country, the entire couli-
try, down 50 that one hundred ana lorly
millions OF coin becomes the base. rms
Is all Mr.. Sherman says he VIII nave. ana
with this one hundred and forty millions
all values and all business shall ne llcas-
ured. Mun.y Is u measure Of values, ana
wie' it Is proposed to nave no money III
circulation eXctp; what Is Dottolicl on
one hundred and ior,y millions vi gold Us
/, matter OF course i~ftnerc isany property
not represented by the one ilnildrru ana
forty millions, there Is AotlllnG to measure
it with.
This brings me ut once to state to you
that the question OF our State dent Is only
"A factor in the great problem now To be
solved. 1t tile question Of compromising
the State debt was put to me lis an AT
stract proposition, uncontrolled. with any
thing else, | might cotne TO II different con-
clusion from that | have reached Ine
must be considered rs Il single
item In II question Vt vast proportions To
the whole American people.
The interest bearing iullueu ueot OF this
including Federal. State. county.
city and railroad-and not including pri-
yute debts-ainOGnts to about lifty-tIrcc
hundred millions. This Is AN annual tax
labor OF three hundred ana eighteen
millions. Taxes - support government
Federal, STATE, county ana city-tar ca
cecis this mount. but u II Is no mort, II
all makes a tax on labor of SIX hundred
and thirty-six millions annually. otati>-
ties show that this tar exceeds tnc net i'll
from productions; SO that capital,
inactive and untaXed capital. actual!
taxes labor annually more tiai six mum
drrd millions. thereby adding to It's al
ready alarming size more than II per cent.
annually, thereby approprilting every
q of iabor's earnings. Thu, 1t il that
capital-capital Withdrawn from all con-
with industries being htaX,d,
nothing to the support OF tile
while labor spends its entire
force IN supporting Government. This
will bring a crisis. Labor must have
some relief. Capital knows this, and the
whole idea is to make stronger govern
mpnt.
This IS what resumption means 1t is
what the oft-repeatcd violation of con-
by the money power means. Inc
refusal of the Senate Committee in 1857,
after being manipulated by Il company OF
bankers IRON New York, us Thad. stevens
showed, to let the government receive its
notes in payment OF dues, whereby
deprecated paper money was made Tor the
people and gold Tor the bankers,
the beginning of the work. Then til!
change OF the contract for the 5-2Os from
A legal tender to IL coin contract. ana the
change OF that from coin to IL Golu on
tract. and the fixing OF the burdens OF the
country the taxes-on productions. ana
relieving incomes from all taxes, and the
constant and bitter and merciless war on
all who propose relief Tor the people.
IN an issue between the people and
he money power in which our State Debt
is Il factor.
The interview with Sherman only three
DAYS ago shows that the people are TO have
relief; that there is To be no letting up;
that the grinding is to 90 on; that the
suffering is to continue; that sllre: shall
only be exchanged tor gold; that gold Is
To be collected by II sale III UOnds, and that
the silver, when coined. is to he kept tor
that the g~recnbacks are still
ne taken up; that the banks must o
,ut for themselves, and tnat tie property
md business of the country snail all De
measured by what money one hundred
forty millions Of com as Il base can
in circulation. ifthe world has ev-
had any edict or decree more Lruel tllai
Sherman's money policy. have never
cad OF it. TINS policy mas Already
the people to the collult''h Oh
isl, dying in the sun when the wafer Is
Trained from them. Many people simply
snow they have been ~raincu-that power
" has uyerlaken them, While VITA great
economy they have striven day and night
live. They know not where tile rum
onIe, from They know not That while
hey innocently toiled, trusting Il kind
to send the sunshine and tile
showers, the mOney-pOwer blOo.-sickers
,pcned the veins ant let out the blood.
They reel, ant totter, and tall-they know
not their disease. Would Il strun- man.
whose blood was slcaltlIily draw n from
his veins, be in condition to labor! II not,
10 more can II whole people labor when
circulation. no matter what 1t is,
whether good or bad money. is Withdrawn
rom them. To withdraw II thousand mil
ions in seven years, and then continue To
withdraw and further drplete. VAS as
n nrpmrlitatpI destruction of the