, 1879-07-05

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freedman would mt only hnve been unjust. but 4
tt'l!nKt on the wlolc, uhwisc. We would nicn
havc permit ted letwccll ccrtain cassca Of eltl-
zells gross Inequalities, AMI
GLASS LEutsLArIpS AND cLAss nATnEns
would hare been tl,r sure result; and our poll.
yes wOitlu l,avu been ctcrt,Ally distMfpen W
the agitation Of these Hnest,'Na until ihc II
equality had hcen removed MID complete iol!tt.
cal c1unlItv had been established. IL IL Erentlt
10 the credit OF tic freedman thnt no compulsory
Legislation has bocn NECESSARY 10 eunento %
aud wherever tts privileges have occn oltefeu 70
him, he has with ca1criless avhile1 himself ol
thoso privileges. Men Ito not learn how to uae
thoy learn how 10 uso ttby uhng II: hii what We
hnve. think, Justly u complain at Is cnn-
plslnt % 10 which ! shall presently more unrtleu.
lafly refcr,-not lint the negro has rcfuscd tlle
flat bo lias been deprived OF tho enjoyment OF
those privileges n,,l benefits in many inst ancea
wlrro he would gladly hare avaiIcd himself of
them. The 1'sl'c,iity which the negro feels Is
lias not bcon permitted TO voto Mt all; or, u he
hns 1een permitted 10 vote, tho l,allot which hc
cast has not been Ms ballot, but one Witch hc
las been compelled BY terrorism to cast, rcprc-
scnttng not Ills Own ideas al government, but
those TO rhtch every tradition at his lifo md
cycry Instinct OF his nnturc arc opposed. We
arc Il, no condition to say that the public inter
csts have been imperiled By tue negro rntc, be.
cause" we have not yet given the negro n fair
clunce to vote. The nation has made a contract
with tl,u freedman, that It would protect him IN
the enjoyment of that privilege. 1hat engage,
tncnt the natlon has not performed. regard
tic Reputation ot nny national enlargement,
whether that engagement tako the Bhnpo Of M
agreement to pny Il dobt or to protect citizen,
ns an e1cecdngly alarming feature; md shall
regard tic indifference Of tic body OF The peo-
f.tt.. ,,.,4fs kf1ntt nuf
as one Of tho, most serious Indications
which could possibly be presented Of grcat
danger to the future OF our inhtitut!ons.
Questions OF tic most serious character arc pro-
between capita, and labor. It would bo quite
impossible, within the limited time In which |
nm to address you, TO do more itllan briefly a'-
lude to q fcw Of the moro prominent features
Of this great topic.
Thts much, however, may be said with safety:
Tint hard times nre rarely CAUSED, anil quito ls
rarely cured. by legssatlnn. Thc prosperity OF
theindtv,dual dos not depend 20 much Upon
proyldent aud thrifty farmer. taking the years
QUO With another, the good seasons nnl tic bad,
high prices and low. viii generally succeed IN
the end without calling on CONGRESS 70 70
sssss sss 70 o a.edsef sss tns '''sF 70 long no:
his farm ia paid for, he Is no richer in point q
fact, with his farm estimated 10 be worth
$4,000 iu grcenbacks, worth 30 cents on tie
$4,000, ,po;, tho basis Of grecnbaclis at 100
cents on the dolur.
Thus It bappans That many OF tne large loft.
uncs which nre salu 10 have necn Iost slsleo tt'
panic hare not been lost. for the simple reason
thns they hau. N 1aet, no caletenec., lnc % oMnes
| upon bis possessions purely fictitious vulna'
| lion. His fortune, In many inhtunces: cor.
sisted Of the difference bctwecn whnt he ex'
pccted to bell his lana Tor a'la ,sa Mhat ~. w
l tnt neyraA1 IN f0f IL. The jOrt-
.uno WAS case of great expectations; thG
loss was clear cnso OF disappointet
expectations. Actual wealth Is not fuane.u y
marking goods np or down, nt'd IN tne pr presence
Of steadIly-dcprcciattnE currency INC mes
chant grows no richer, because he continual,
masks bis goods uih to keep pace WIN lne 10
elina Of the currency which he ls compelled te
ACCEPT in payment for them. .,,..
TINT property which comes from ucprcclatct
and Guctnnting currency. Nothing 50 ccrtainl'
leads to reckless and cxtrayaGant cnterprlacs Q
all kinds. publlc ana private, as a,sh1t'hg' uo
certain, ard Iuctuat!ng curroHev.
Such q currency IL perpetual temptation t.
tho reckless and c1trnvngsnt: perpetual men
aco 70 the prudent aud careful man ol bu,lncse
Without pursuing thss olscnss!on iurthef'
sound reasoning teach us that no interest
auhs snntIatly promoted by shifting, uncertain
md fuctuattng currency, nnd that any pollc
which tcntls to crcato sueh o cont!lton OF IN
l
ttges may be, is suro to result In
rrpu.urur arrprn,,,n .vn n,s,.rrr.
r,,. sst s.,,to, ,,, C,v.r,, an .h,,,,t ,.et,.
ing part Hn,cn LUG aoSe.nnene snunu assamS
so !as 10 auesbns " SnrtGy aas ~ ~ s
seems ~ w ~ " i eac"s H. i'se1 NJ ~ 10 sna.
asto! neo nos nv .n'e bs,n emt h.s, t Mo'efnG, ,nn
shoulo ~ iHto .!o oanS'HG ouhasS' '1ap. 'hMa
lant ~ nnsusss H., ~ I'll n.amE ,'lnE ~, ,a o..'
sue an1 ~ 0 liai W., shI,,i w H., tun, -
ao.s VI ,',t W. ~ rotm,,, t.a ~.
aoVe1inent SaM "ct aTEnihtu ~. ~ i. 'o.un.o =
cuElenS5l anu VI not neeso ens ~ poSsesss d.,
any !acl!ty ~ "1.en ~ astna! Youin y. cu.
rency nscessary los Ine !se.,niasS Fcauslc'ion,, !,
q HaHo muy " .. uesst'utmeH; 1'nt, ,. nus y. -
thlnk taa1 tae aovGnaale1t ~ ~, snosu seEu'aie w. "
chafactet anu aaaIty o. thc cue.ct,sy. LIN
snoala ace " ~ tnas ~ was =. uni'ntm & sn'u
.hroIgnoat tnc s wn'H ,ss sa5, drn, ny" nss nror s
sMouo p!otGEc r., ~ ni1!nGs. . ttt 9ss oetu,. Y.
e!l hazard. Thus lar think II Is thc @ dnty Of u
aosesno"t ~ 70, n,!} wnS .,a, nao,S ,ia i"I h ~
leucy nas ueen 4sacu ~ mnsn H., - 80 -. su'a ~ -
enaractcs-s9Mgn " nasM as w., IyS h uM tsase.
IaoWe.M!nH 'l.e eeIts,.'1y "t y" n.eo'yn.Gu si.
INC aatu.e' n a, a't on 1 n, tn ,irigtv nsn M