Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-09-04

Will never oe redeemed In coin. lie
ssssiieo the resumption act, and did
not tell that the premium on geld j.
only one half of . cent now. He de.
c'ared that the greenback is not ire
deemable when 1t pays . debt. He
spoke Of how it took, during war times
S2.s5 Of greenbsck currency to buy 9
dollar of gold, but failed to tell that il
was because of doubt of the redemp.
ton of the greeDback in coin thai
caused 1t 70 depreciate IN value. lie
introduced the price of corn aud wheat
Of that time, and stated that theil
price did not correspond with the thing:
measured by the deprecated greenback
but, alas he forgot to tell the truth
that the corn and wheat we're commod.
tiles that have a value in the market:
of the world, and that the greenback
has no such value to this day. lie
condemned the act of Congress that de.
clared that that the u. S. bonds shall be
paid in coin. He failed to tell tha,
such acts of Congress were necessary,
for under the solid front of the Demo.
cratic members of the Supreme Court
an effort was made to render the green
back worthless by declaring it uncon-
stiiutional, rrredeemable currency, and
under such vigorous blows it was rap
idly sinking to the condition of repu-
dated currency. The act of Congress
was intended to tell to the world that
the people who called the greenoack
into existence to save the government
from the grasp Of men who started re-
bellion for the purpose of extending
the boundary Of the peculiar institu-
ton which was founded on the doc
trine tha. Capital shall opn its Labor,
should not be repudlated and made
worthless, but that 1t shall be redeem.
ed in honest money; but all that i'm
portant reason he left out. He quoted
Thaddeus Stevens, than whom no
greater champion of the common rights
Of men ever lived in this country, and
who will ever live fresh and green in
the memory Of those who believe in
the equal rights of all men before the
law. Yes, be quoted Stevens, as a
fnancier, to support bis irredeemable
currency iheoty, but Mr.. North has
fallen into the mistake that many others
have fallen into with regard to Mr..
Stevens. They conclude that because
Stevens was an able lawyer aud popu-
lar advocate, and was a champion in
the cause of freedom, that be must
needs be a great fusncier also. He
was not great 6nancier his financial
efforts were in the main failures, but
be was a great lawyer, and practiced
where large moueyed interests center,
and got large fees for his labor, and
that gave him the appearance of sue
cess as a fnancier. He could not take
care of money, and if be had been IN
many an other calling than the law,
which was suited to him, be would
have been Que of the people of the
land who are poor in money. 1t is one
thing to be an able lawyer gathering
10 large fees, and quite q different
thing to be an able fnancier saving
money.
he read the preamble to the United
States Constitution, aud because it de.
clared that the object Of the Constitu-
tion is to ''provide for the general vel
fare," the Greenbackers are Constitu-
correct, for they wish to pro-
vide for the general welfare. That
general welfare point was his Constitu-
tional argument for the greenback cur
rency.
He talked about the silver. He
charged that the National debt has been
increased many millions of dollars with
in the past three months by the issue
Of new bonds for gold, but somehow Ut
slipped his memory that the new bonds
issued were 4 per cent. bonds, aud that
the gold received for them is in the
Treasury, ready to be paid out for
higher Understanding bonds, which
will soon be due, aud will be paid by
the gold received for the 4 per cent.
bonds.
The people of this county have an
illustration of that kind Of 6naDciering
in this county BY the commissioners. Ii
s well known that the first bonds TO
pay the Court House debt issued
by the commissioners of Juniata county
we're per cent. interest bearing bonds.
1t is also well known that the commits
sioners called in all the matured 6 per
cent bonds and issued in their stead
) and 4 per cent. bonds. Now, if
some one had gotten up the story that
The new bonds was an increase of the
county debt, tie story would be like
the one :old by the dreenbackers on
Monday evening.
He spoke of the Republican and
Democratic platforms, and confessed
that bis object is to destroy confidence
in government bonds. He paid his re-
'pects to General Grant in a Democratic
md Confederate way, and declared
hat if he is elected President again
he liberties Of the people will come to
N end.
From Grant he stepped over among
he National banks. He deplored the
'ecent decision of the Supreme Court,
hat the National banks may charge I
'uch interest for the money they
oan as Is legalized by acts of Legisls-
ure, and be thought that q great
wrong, but be forgot all about the in
crest charged, or discounts of private
banking institutions. He admitted that
my FIVE men who can raise the funds
70 secure the note holders may start a |
National bank, and he failed to tell that
i've or more men may start private
bank all on borrowed money, and on
he deposits OF others, with little or no
nothing but their honor, which,
Ilas too often proves to be nothing
but dishonor.
He told that five men can organize !
, National bank on one hundred thous !
md dollars. but oefore they do so thew !