The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-15

opened the cam rsaign here to-day, speaking as
follows :. large and enthusiastic audience:
NJ Pt.x1sIDEsT FELLow-CITIzESs: have
seer several statements III the public press to the eff
feet that the object of my appointment to address
you to-day that should sound the key note Of
the carapaigla." WISH in tire very outset Of my
marks. to ti4elailn any such intention. Under free
institutions, it is for the people to give the key notes
ard far the Democracy Of Ohio are concerned,
they have discharged that duty i'll the platform
adopted by late State convention stand
squarev that }atf orrr. | have advocated its
principles heretofore and shall continue to advocate
them Perhaps tlis is all should say about myself;
but, iuasnuch as, III certain quarters, | am de
nounced who has surrendered MS conF'c-
tons sppease popular alnor II may be pardon
able III me 70 occnpy rev moments III fepeA1L3 TINS
charge. The accusation has reference TO nay sup
port OF the financial plank Of the platform. Now,
what IL this tll&nca plank. II condemns cotrac-
ton Of the currency; dena d. the repeal of the
sumption act: adYor&tes 'he removal OF all restTc
lions the coinage OF silver. and the re-establsh
ment of silver u money metal, the gold
the it was before its fraudulent demonetiza-
ton the gradual substitution OF United States legal
lender paper for national pananotes and its perna
nent establishment as the sole paper money OF the
country, tnade receivable for al dues to the govern
falent and OF equal tender will coin the am 1nnt q
such issues 70 he - atad by Legislation or organ
lie Law gi4e the people Of stability Ia
the volume of currency and the consequent stability
OF the value no il15aer increase the bonded debt.
further safe Of bonds for the purchase Of coin
Tor resum Jtion purposes, ba the gradual extinction
,f The p,,iIic ler tsgid economy fine reduction of
expenditures in al branches of The rilbc SERVICE
and tariff fer revenue ,nlvr These are the imam
cia doctrines ri the platform, and now, confidently
defy my critics. and III, TO any vote that
nave ii, en- daring he nine yea1g. that have sat III
the senate that wa Inconsistent -tith these prnc-
pies. have steadily opposed contraction ever since
il was iiargurafad. | spoke ana voted against the
rcsGf ton W!lD assed, ANA mt the last session
Of Congress voted for its repeal. worked hard to
restore silver to the pace i he'd fefore its deaoneti
zafou Several years ago Grew resolution for our
state convention faqorug the gradual stibstitlt on OF
areelthaeks for rational oa1ba ties ana that ceauln-
tion iniudiciously amended. as believe everyone
NOW admits. wac ta~-,sI fg me couYetl-
ton. | was one ii tn 4iIst t. nr0p0ae in
the Senate that t5-peabarks sa0uld be receivable
for custom dit,s ana vi rse last session voted Tor
the lin Tnabillt t}len thls fecr5 abe. have been
the advocate 4 stable currcncY, ani your platform
demands stability. A@gc e5lsteude4 inqa the mo-
ciols netaA trtnt mel to w. ,lefofel grd art tha
plafforn asstrts tlu same actrine. la.t syelen
and voted against ala increase ii cur hordti debt
nave advocated ti tao test "a my absty ar4et econ
only, reduction of e&Nr0t.lsf and tIfit..
M cOnrse ilere.ete has been fe4lrlf.y consistent
with the uln fora ot 1r convention a. he Journals
and debates ~ flie S5fgf. ,,fu s,,,y Nti3 be,
leave to adft that have never given vote. III the
nine wears have sat ia the SENATE 10 which excel)-
don taken by the Democracy ii Otio, 20 ~
know or hays ever heard.
-Felow-citizens, | trust that hove lot offended
propriey good taste 10y laking ihese retnarks
about myself Yon portion of my constituents
AMI have u right To know whether have represented
you correctly or otherwise III | have regulation
worth preserving, it il tor your interest as well az
mine that il shall not be uutlstly furnished But
enough upon this theme.
when the currency part of the platform Is carefully
setinized It win be found that ita principal feature
in the proposed substitution Of ggeenbacks for ma
tonal banknotes. | think that ID them nis-
tice when say that the leaders of the Republican
party are In favor of directly the opposite corae-
that is to say, they would all the Nrecnf in
order that their places might he red with national
bAnknotes Let either course he tnken ard The me-
tailie money of The country remains the same Use
th.a l. - = u ~.
al circulation apart from the coin used for change
will I've comparatively small. 40 long as one and two
and five dollar notes are freely issued for such notes
ways drive ,eu out OF circulation. Mud whenever
conversion irto coin il traecahle and desirable II
will be Just ~ easy to convet freerihacks as to con
vert banknot.a Tho Question than IL ,arr,,,,ad
down to this Shall our raper money he national
hanknotes or greenhackss For 80, ergi reasons thn
will briefly state think that the latter are prefer
able
|. In the first place. national bank currency
means the Indefinite pstuati0n of the national
debit The national banks 80 lar as their circulation
iz concerned are founded Oh that debit II i ~. ~.
surity their notes whenever the debt L.. paid
the banks must retire their circulation and cease Ia
issue In ORDER therefore, 10 perctuate their
privilege eff issuing notes. they must strive to perl,et-
the national eebt. And yen NAV rest assured
that they viii do and the influence OF more than
two thousand srh institutions, spread all over tho
country. viii be very powerful indeed
Now, am not ane Of those v h. be,ie.. tha, ma
uenal debt Is uAtona blessing. believe that the
reverse of this Is true. aud thar such f.
debt j. national curse. 10 say nothing Of it, cor
uptiug influences is drain of the resources II the
people pay interest IL fearfuv eruresSive s~,ec-
ially when large portion the iebt i held abread
In comparatively brief rerod the amount Of inter-
est paid exceeds the principal Of the eht while the
drain continues in Ga,allnishe4 fsres Heavy taxa-
ton is the necessary result. and every ore VII has
studied the subject srouS fhst ..,fz.jve tsxstt,n
one et the worst tAes To tile ptlufs ami ,,r.lsar
ity Of country Ii j. trtc taat The national deb;
cannot be speedily uaa4 but We on hit ma. 4, mt an
necessary obstacles ia ihs WV II it, ts.r4erf The
national bank are such an otsae, ANA FOR Tint
objectionable. Your t1a.f5rzu WISELY al
Nocatss .ihe gradual extinction ai the public ,teht
II thus favor, is honest ,a1srnuf and ,tr.s.- -
Indefinite perretuatsou. Ana in strict HARMONY With
.his principle, il condemns hank note system that
tends to fsrpetuaseit
>. \ second objection the national bank .vsts,,,
is. that II tends to eenttpe, concentrates aud srsi
~ the money power. shall ndalge III no tleels,s
1on against HE mosley power | seek - excite no
passion. prejuglce. wish - reason fairly and
wish You 10 Judge fsrlv And do rc4San fairly
when say that. In OF the uldenht,d facs that
during the whole period oi the unlimited sway ct The