The Portland daily press., 1878-08-22

vests an equal amount in MAINE state SKIES,
and @. invests like amount IN Maine Central
seven per cents. In the first case the investor
in government bonds pays his taxes 10 ad-
vance But in the case of the other bonds, is
it within your experience that holders thereof
flock to the assessor Office asking to be taxed?
Facts show that but very small portion of
such bonds are taxed. 1t Is the easiest thing
in the world for your brother VINO Is IN Cali
fornia to own them, or your uncle IN some 9TH
er mart of the country. Then why delude your
selves with the idea that it you taxed govern
ment bonds they would be any more likely to
turn up for taxation than these state ana rail-
way bonds. If you succeed Ia taxing the
bonds you mertlS place upon your snouiuets an
additional burden of fortg million dollars.
should be taxed
There are five kinds of money that the United
States stands responsible for COD ana SILVER.
and gold is better than silver :, MUSES., u ING
second CHAPTER of Genesis. tells Us tnat gold is
GOOD. and il makes no difference whether it is
stampf d by the United States or Venezuela
Then there is the old fashioned, war honored,
patriotic greepblck, that did such great work
That says that the United States Will pay ten
dollars, or as the case may be, reservins to the
United States to say when they would pay In
1875 they did say when they would pay, viz,
January LIST, 1870 The advance school of
Greenbackers, represented by Gen., Butler,
don't want this kind of a greenbaoS, al all.
anything stamped with promise to pay. They
want this greenback to say this is ten dollars
or any sum Such talk is merely nonsence.
Why not say This is a horse" Why not
make it one thousond dollars, it takes no more
paper or no more time to print il. But it is not
so with gold. The next government money is
national bank bills and lastly silver certificates.
The contest in this district is between MIR.
Reed and MIR. Anderson. Mr.. Cove Is not in
this contest, for he stands about as much
chance of an election as man does to hit the
stars who shoots at them with a pop-gun. 1
should like to ask Mr.. Cove which of the two
men he should prefer, Mr.. Reed or Gen. An
derson. The Democratic resolutions at the
state and district conventions declared for
neither hard nor soft money. They were
kind of fan thrown out to catch any breeze. If
any man desires to make his vote effectual for
honest money he will support the Republican
ticket in this election.
If we desire more money than we have let us
initiate on gold and silver. We fancied during
| this Greenback craze that we were all getting
| rich. In 1878 we found out we had been bay
| ing abroad eight hundred million Of dollars
more than we were selling. There is nothing
| so mysterious about national finances. The
| same principles are involved in private
| finances. If a farmer is buying more than he
| is selling from his farm he is growing poorer.
But if be is selling more than he is buying he
is getting richer. This idea holds good with the
| trade of the country. Now things are changed.
| We are buying less abroad and have balance
| in our favor of six hundred and thirty million
dollars. No people in the world are SO able to
maintain specie basis as the United States if
they say they will. We are just in sight of the
day of redemption; we can look right inc the
promised land, but the Greenbackers say,
"Don't go in, come now and wander with ms
| forty years more" You deprecate your car
rency aud you might as well by one shock Of
mighty power paralyzs capital from one Of the
country TO the other. You reduce the country
from that of great commercial people to beg
| carly, small, retail affair. The thing which
| this day frightens capital is the wild
| schemes of finance. What the United States
| needs is a large let-alone-atiyeness. You can't
keep the currency as political football. You
can't settle this question until you settle it
| right.
| The demonstration of approval which greeted
every appeal of the Senator for honest money,
showed that the Republicans Of Biddeford
have not yielded to the soft money craze.
Every allusion to Mr.. Reed made by Mr.. Chap
man or Senator Blaine called out loud ap-
plause. The meeting was complete success,
glorious commencement of the fight in Bid
defOrd.