Middletown transcript., 1878-09-28
Senator Bayard's Address.
Tariff Revision, Civil Service Reform
ana Honest Honey the Remedyl
FRANK TALK ABOUT FINANCE.

Now it is proposed, by those tc
whom / have referred, to abolish
money of value and not resume its use
at all, but to issue paper certificates Of
the Treasury which are to be called
absolute" money, that is absolutely
never to be paid at all; and that is
the sort of talk as set up in the inter
est Of the laboring man as opposed to
the capitalist. How sickening and
base does it seem to be in this country
to hear these cries raised of class
against class of our citizens. What is
capital? The accumulation of labor.
What created capital? Labor and
nothing but labor. What makes pros
perity? Labor and capital conjoined
with enterprise. What is the soul of
enterprise? Hopefulness, confidence
in its reward. Idle capital means idle
labor, and idle labor means idle capi-
tai the two must work together, and
when they are separated both must
anguish and suffer. No man is to be
called statesman who proposes a law
that is in the interest of either capital
or labor alone. In the very nature of
things it cannot be; for they are ra-
tionally inseperable
It is the duty Of every man Of US to
stand firmly in opposition to these
wild, unmeaning cries, however we
may feel for the distress that causes
them, especially in the manufacturing
centres, in large cities to which, ever
since the war, population has been un-
happily streaming from the country.
We do live in sad troublous times, and
we must live through them like honest
men. On shipboard, when the storm
is raging and hope seems almost dead,
the cry is often heard, "Break open
the spirit room," but the true captain
will have firm guard at the door to
keep the men back and to save his
ship and save the lives of the wild and
foolish creatures who invoked their
own destruction.
We have only to stand in the van.
courageously and the day will break
and we will come through our present
trouble. The Good Book tells us to
Remove not The ancient landmarks
which thy fathers have set" and, in
the name Of our fathers, Of Washing
ton, Of Hamilton, of Jefferson, of Mad |
ison, Of Webster, and of Calhoun, l
ask that the ancient landmark Of an
honest money be not removed. Let |
me read you something from one Of
Daniel Webster's speeches:
"Sir, pronounce the author of such
sentiments to be guilty Of attempting
a detestable fraud on the community |
a double fraud fraud which is to
cheat men out Of their property and
out of the earnings of their labor by
first cheating them out Of their under.
"The natural hatred Of the poor to
the rich" Sir, it shall not be till the
last moment of my existence; it shall
only be when / am drawn to the verge
of oblivion when | shall cease to have
respect or affection for anything on
Earth, that | will believe the people of
5he United States capable of being
deluded, cajoled and driven
rbOut in herds by such abominable
rauds as this. If they shall sink to
hat point, if they SO far cease to be
men as to yield to such pretences and
'uch clamor. they will be slaves al
'eady; slaves to their own passions,
laves to the fraud and knavery Of
pretended friends. ]
"The natural hatred of the poor
lgainst the rich" "The danger of a ]
noneyed aristocracy." Sir, l admon- |
sh the people against the object Of '
'ries like these. l admonish every in ]
elligent laborer in the country to be
N his guard against such delusions. l {
ell him the attempt is to play off his !
PASSIONS against his interests, and to t
Drevail on him in the name of liberty 6
Q destroy all the fruits of liberty, in |
he name of patriotism to injure and '
fiict his country, in the name Of his '
wn independence to destroy that very /
Independence and make him beggar |
nd slave. I
Has he dollar? He is advised to /
o that which will destroy half its a
alue. Has he hands to labor? Let f
i'm rather fold them and sitstill, than I
e pushed on by fraud and artifce to 1
lpport measures which will render
is labor useless and hopeless. t
Sir, the very man of all others who 2
as the deepest interest in a sound P
who suffers most by mis- il
hievous legislation in money matters t
the man who earns his daily bread t
y his daily toll. A deprecated cur c
ency, sudden changes of prices, paper b
honey falling between morning and e
oon, and falling still lower between y
Oon and night-these things consti- !
lte the very harvest time of specula- Il
'rss and of the whole race Of those q
-ho are at once idle and crafty, and n
that other race, too, the Catilines Of b
Il times, marked, SO as to be known
'reYer, BY one stroke of the historians ]
en-, those greedy q other mems prop P
rty aud prOdigal Of their OsOn." Il
Capitalists, too, may outlive such o
mes. They may either prey on the d
arnings Of labor, by their cent. per e
mt, or they may hoard. But the v
'bOring man, what can he hoard? ? v