The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1879-08-08

day. Without warning they will cC:a-
pei the collection of all the notes held ilv
the banks, and precipitate ruin upon
every bushes man or manufacturer "a
the country.
1--WE demand the immediate calling in
and payment of all United States bonds
in full legal tender money"
This is more monstrous, when ii is re-
membered that no debt of the United
States is now due or redeemable; that
this administration has redeemed all
the bonds that have matured by the is
sue of four per cent. bonds, in the way
/ have already stated. The next bonds
that are redeemable are those known as
the long bonds of 1881, issued before the
legal tender act was passed, and the five
per cent bonds issued under the refund
ing act, all of which are expressly pay
able in coin.
1t will be seen that this dogma de-
mands that we should violate the express
stipulations of the contract, not only as
to the time when the bonds shall be paid,
but as to the manner in which they shall
| be paid. There was at one time an hon
est dispute as TO the terms and cOndi-
tions upon which the $50 bonds would
be paid.
PAYMENTS OF BONDS IN GREENBACKs.
have been arranged recently in your
city for Inconsistency, because ten years
ago, in a letter to DIR. Mann, / insisted
that by q fair construction of the loan
acts, under which the five-twenty bonds
were issued, they were payable in green
backs. So / did contend, and so l do
now, but l also insisted that we were
bound by law and public policy, after
the war was over, to advance these notes
to par in coin, and that we could not
take advantage of our own wrong In
postponing the redemption of United
States notes in order to pay our bonds in
deprecated and dishOnored paper mon
ey; and this principle was the basis of
the act to strengthen the public credit,
passed March, 1869. Well, we have at
last redeemed our pledge to the nOtehold-
er, and we have now paid these very five
twent bonds in United States notes, with
far greater saving than if we had paid
them in greenbacks ten years ago, and
with infinitely greater advantage to the
public credit.
There is now no public debt about
which any question exists as to the terms
and conditions upon which it must be
paid, and yet it is proposed to violate
these conditions by the wholesale, and
place the United States of America in a
hOISC pOSllIOu Va 0lSLO1OI anu It.
pudiation than Mississippi or Louisiana,
or Egypt or Turkey.
Is it possible to 60 further in the road
of dishonor than is proposed in these
platforms and yet the democrats ofthe
State of Maine, members of the old, pow
erful organization which for half a cen
fury controlled the destinies of the Gov
eminent, are asked at the end of great
war to support and maintain dogmas
which strike at the public honor, the
public faith, and all the cherished prin-
ciples and aims of that party in its palmy
days. You are now expected to adopt
the crazy dogma of extreme opinions,
at war with everything that was said by
Jefferson, or Madison. or Jackson, or
any of your time-honored leaders. /
know that it is against the judgment,
against the instincts, of old-fashioned
democrats to train under such banner,
and appeal to them now to come to the
rescue OF their country-not to be carried
by party name or party badge to the
dishonor of their country and the shame
of their children.
1 have sometimes thought that the
democrats of the Northern States have
been led through devious paths enough
by the rebels of the South in their effort
to destroy the government, and in their
W sup anu IullC oil
great powers of the national gogernment
but these extreme Greenbackers, as they
are called, ask you now to follow them
in voyage more dangerous, upon dog
mas that cannot meet the plain common
sense and reason of patriotic citizens,
such as compose the great body of the
democratic party.
A sCANADLOUs CHARGE SHOWN UP.
One of the members of Congress from
the State of Maine, the Hon. G. W.
Ladd, is reported to have paid his at
tention to me in speech in this city, in
the following language: "Mr. Sherman
bonds in one day to bloodsuckers who
were choking the country, and he should
be impeached." By this act, in a single
day, the treasury department saved to
the people of the United States the sum
of $1,9O0,O00. The bloodsuckers to
whom he refers are those who purchased
the $40, DOC, 900 of $40 refunding certifi-
Gates, who formed in long lines in front
Of 800 pOst-offices in the United States,
each demanding the sum of 800 or
less of those certificates in exchange for
United States notes, and the purchasers
of $3.50, 600, 900 United States bonds taken
by banks to be sold again to citizens and
corporations throughout the United
States and in Europe, bearing the lowest
rate of interest at which the United
States has ever been able to negotiate its
securities. The proceeds were, within
ninety days, applied to the payment of
bonds upon which for sixteen years the
government of the United States had
been paying 3 per cent in gold. These
"blOodsuckers" are among the most
prominent and enterprising and indus
trious citizens of the United States,
anxious and willing to trust the govern,
ment with their earnings in the full
faith that the promises made to them
upon their bonds and certificates will be
faithfully redeemed, and yet they are
denounced by this congressman with
terms of reproach, and 1, for doing
what the law commanded me to do, and
which proudly say was able to do,
through resumption and confidence in
the public faith, observe impeachment"
There must be something, fellow-citi-
zens, in this erase, which destroys the
reason Of men.