The Indiana State sentinel., 1879-09-17

sons arrested and placed in prison on cleo
shs principal Charge Ssins aS tst theis r.
fzation papers were invalid, but in every case
,ne GonFt o $ nscaea they were Ss valid Tnis y9se
the Republican party and taeir marshals and
supervisors of elections. -.
pointed LUIS deputy marshals. They were
ordered TO arrest, according 10 the report of q
questioned-tHou Doc, 2Is. second session
forty-fourth Congress), all Democrats that
In order that they should be kept from voting.
The result was they got three Repu blican con-
time under a peace able election three Demo
cratic congressman.
1 am graiiied to know that there is yet
party In this country, and a ver- large one, In
favor OF the Government esta blished by Jerfer-
son: Too much can not be said in favor of the
bold action taken by democrats In Congress
in opposition to the acts of Congress- passed
by the Republican party, providing for the
take control of the elections. In view of the
fact that the Democrats at that time had a
view of the fnrthep i facs shaa and an an
the last election majority Of 225.ooo
Democratic candidates for president and vice ice
president. there can be no doubt but that
the next president ofthe United States will be
Democrat. and the acts oi Congress, that the
Democrats are now endeavoriDg to repeal,
could be made just as useful in their hands in
expressing Republicans they have been
used by Republicans to oppress Democrats 1t
is q remarkable fact that Democrats, in view
n
standing their oppression by those laws and
notwithstanding the use they could make OF
M lnein 70 oppress hepublcans, have exerted
every means known to parliamentary law TO
have them rep pealed.
now want to call the attention of Republi-
cans to their resolution upon the subject of
state rights found in their National platform
OF 1880. We make no issue with those who
stand on that platform to-day. The resolution
reads.
That the maintenance inviolate of the
rights OF the states, and especially of each
State, 4 order and control its own domestic
institutions, according to its own Judgment,
| power, In which the perfection and endurance
OF our political fabric depends, and we de-
nonnce tne Ia iawless inyasion by armed force
| greatest of crimes"
If the Republicans of Ohio stand there, there
votes for the Democratic candidates.
| The bold declarations that you have made
| upon the subject OF finance has the true ring
OF Democracy. Democracy means the support
OF measures in the interest of the many as
ssue Of money in n1 wnen sod M s.aIe tnaa .ne
| thereof belongs to the general Government
alone, and ought not TO be delegated or en-
declare In favor OF the many as against the
few. The Issue OF paper money is profitable to
| Government ought not to delegate that power
10 the few to the exclusion Of
always issued the gold and silver
! COINS of the country-the only money that
ever has been can be issued where there is
likely to be any loss; therefore she should
retain for herself the issue OF that class of
money in which there is never any loss.
The constitution provides that Congress
shall have power to coin money and regulate
the value thereof. You are claiming now in
should exercise the power given it by the
constitulion-fhe power TO issue money.
this Government as to who should
issue the paper money of the country.
cial necessity, without which the commerce OF
the country could not be carried on. Banks
secure the accumulation of large amounts OF
money where IL can be essily obtained to per.
.drge opera'l%0ns % lnis can @ only pc aone
as money is no part of the business of bank
ing. The issue OF bill by a bank is simply lts
ing or giving credit to a few men an incor-
poration 10 issue their notes and loan them to
others, for other notes drawing interest
thus getting interest on their own indebted.
ness, is SO contrary 10 the principles of De-
mocracy that 1t ought not to be tolerated for q
no man had the right to the title of a money
lender unless he had money to loan, thereby
expressing bis condemnation of the poilcy OF
! the Government in establishing a bank of the
United States. A Dank of issue does not, as
! to lend It's own idebtedness. The Democratic
party has ever opposed the issue of bank
! Mr. Madison in their day opposed
the establishment OF National bank
leader OF the Federal party (Mr. Hamiitonl
enabled him in early day to secure the
! establishment of a Ma ionai bank. This was
Madison to be unconstitutional and detri
mental to the interests OF the great mass Of tne
} people. When Andrew Jackson was president
l of the United states it was thought necessary
to recharter the National bana, its charter
/ consistent with the constitution and the in
terests OF the country that he vetoed tins
nOfG
:. whenever the Indebtedness OF Otht
!; Federal Government would justify l
{ there was but nttIe Indebtedness Therefore
8 a sufficient amount of treasury notes couls
: not be issued to do the business of the country
: and there was a struggle by the banks for th'
. issue of the remainder. We have ample in
$ issue treasury notes in sufficient numbers t.
do the business OF the country. II there L az
been no National banks established and IN
q | Government had issued treasury notes in liel
q of those of the National banks,we would hav
9 been rid of more than one: fourth of our Govern
2 cent. The interest paid upon the bond
q deposited to secure the National bank cur
u , rency would, TO this time. amount to NOR
y edness.
J, The great advantage to the people OF havin
! note is this: The treasury note costs ever
y man who receives IL 100 cents to the dollar: III
a he pays one cent to the Government 10 issu
q 10 him his note. A circulation as costly TO th
- holder as all treasury notes could not be keT
~ idle. 1t costs too much, while with
II National bank note, costing onl
:, per cent, there is no particulf
= | loss TO the Incorporation issuing them If n
~ notes are idle. With treasury notes we woul
~ have them generally in circulation. Wit
- | National bank Notes, whenever 1t Is to II
= Interest of The banker TO retire them from CT
"A culation, in order to increase his rate OF fnte
"a est, he can very easily do so. But when
,mo m raise this question our Republican friends pl
~ up man of straw and commence ightir
- him. Tney say If we retire n ational ban
.Dfa xUQU
notes. Why do they say this? You, here
M Ohio declare in favor of the issue of ali mont
10 by the Federal Government-not by States
~ individuals.
"a The comptroller of the treasury, Mr.. Kno
in his speech before the Bankers convention
~ at Saratoga, August 8, 1879 insisted II Nation
~ bank notes were retired, that the law passs
~ by Congress taxing State bank notes out
,s circulation would be repealed Why does
az or any other man say this when There IL not
~ platform nor an individual anywhere who
70 longs TO the Democratic party or any 9th
2. Marty kuayE of thai Is In favor of going bas