The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
SENATOR oGLEsRY.
Ne VIII vote FOR decentralization Of silver
and Eainst Resumption, Rnd Wants
R4OO, 600. 900 Of GreenbRcks.

Senator Oglesby spoke ut a mass meeting ut
Decatur. ILL.,. on the afternoon Of December 49,
Inter Ocean prints report OF his remarks.
from which we quote as follows;
j shall vote for the reconciliation OF silver
Just as 1t was. Mt the first opportunity. Here
comes q fellow and says: Governor don't you
know silver isn't worth - much az It wng g be- be-
ns in W thy same yes a but ws viii R give
Just as. many grains of silver as we agreed
To-; and mean to vote to coin az m,leD OF
Now. must be caro- vi of my votes. you know.
But stlyer and gold has been the coin OF the
world for oil time, and bo,h naye an equal
where understand they must take these coins.
When our debt. were created god and 5iyer
,sn h grsds W. tho oos s e
there was no trick in demonetizing silver, and 1t
was done inst when silver began t? be plenty
as money. There is something strange about u,
@ bny Ely bsn Ss rea 7 ,91 But hss
answer, They are unsubsiantal Great Britain
has unfoldad the gold standard And we find
British inst dt We don't want their ideas;
their law of entail we brushed OIL long ago. and
we don't want them back again. Now. suppose
1000. 900 idle mon, would that be wrongp think
not. Is Il desirable to cramp us all into bank
sy w " b o 90 Ssh e Sa s
no. nor good sense. want to make myself fully
understood-to talk as | would In the Senate.
There arc sixteen States and Territories that
produce silver: we get 90 1000 900 month from
one. hole. Now. why demonetize it2 don't sec.
Under our law gold IL worth sixteen times az
much as silver: In France gold Ia only fifteen
and half times as valuable 40 silver; but still
capitalists here sre not satisfied | think i
right to put II back II was. Ii that isn't right.
tell me 50 before1 go back. Now, word about
resumption, | have always been for green
paper money than Treasury notes. We now
make the paper and stamps 30 perfect 1t cannot
be successfully eounterfeited. will vote
against contracting another d liar o. 1t. would
increase ts issue to sioo,ooooQo as It was in the
war, aud keep 1t as one OF tho results OF the
war. as we do emancipation. tGrrat applauseL
The Supreme Court decided greenbacks were
500 0Ou, 900, and no more. Hence. more might be
questioned. / voted once to make that amount
stand.; the President vetoed 1t, and voted to
override the veto did Il o. war m ms hnl
do, ! Won d vote frat to pay Our bonds, and lot
the people bold the greenbacks. / would make
this the touchstone of paper money. prefer
tho greenback to national currency; yet II
IL good, because II IL redeemabe In greenbacks.
But take UP greenbaeks, and no bank could re.
deem In gold. Think the silver bill will pass
j think the resumption repeal bill will pass.
don't think we can resume In year. sherman
says be can have 500 600, 600 to resume with in
year, but that won't pay off $3.50 100000 In green
bucks; and what would be the use If i would
The only ou,se left would be to take them ,up
ia four per cent and / swear by Almighty God
TIL never do i'll IGreat applausel I he debt Is
our own, we can hold IL; we shall violate no
faith. Tho greenback Is moi mere bit Of paper:
it liz the money Of this nation, and want four
hundred millions right now, with a view Of in
rreasing them until they become the only paper
currency. hope we have seen the worst of
these dark days; for IA the clouds must soon
Lift from his earth. 50 must this depres sion lift
from this people-from all this country" lGreat
applausel