The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1880-10-07

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Governor Throckmorton's Speech at the
Court House September rs.
We have heard the speeches of many
of the most earnest, eloquent aud able
men in this and other states. in which
| they discussed the current issues Of the
day lon the decision of which depended
the prosperity Of the people, the integ-
rily of states and the stability, if not the
| existence, OF government, but at no time
h;R tia speech of this gentleman, i'm force
fOf logic, broadness of conception and
oratorical delivery, been cXcclied. The
| great body of the thinking and intcli-
| GENT men of the community was present
to hear him. and attcntivcly listened fol
three hospS. and would have Willingly
remained hnnrs Ionger had The strensil
andToice Of-the speaker permitted him
| 10 Ii;
departed full Of praise and adj
.iniration for the man and orator
lie first spoke, in a pleasing and ailectin.
lsway, 10 aud of his old friends whom lac
bad. Known here for thirty years, of the
fehahscFs yicIssitudes and commissions in
| government. which had taken place since
they first met; eyes moi-tcned and heart.
| filled with emotion at the memory of old
ree0llertions he passed in View, calling
them wildly back, AZ il they were scene
fof Yesterday. DiSclaimin@ any intention
to wound. insult or Oficud thei feelings al
any who opposed him or the party 3,
which he belonged. by what he should say
he said that the range and Importance
f6f thA discussion would necessarily re-
Iqtire him 10 deliver some hard blows, and
utter startling truths III yindicalion oI
the Democratic party, aSsailed aS il was
Us every damaging charge that conld DC
4 I:iinuy dcauetIl from remote facts. %.
conceived by. the. fertile brain Of those
ia power, ewho,a 10 retain il, hest
tated not TO assert wrong in al
the movements of the grand old party
/ ihaf has for we'll nigh century defended
the rights and liberties Of the people ana
stood rs Il buIwark between them aud The
ize the powers of government and thu,
practically deny To the citizen his consti.
tntional status us a freeman. lie then
. addressed -hiIhscIE 10 the practical issues
| before the people, which decided, involve
the government OF the country not only
ferthc next four years, bnt for genera.
lions, in all probability.
II. He used The Congressional Record fol
+E4uIth0rity, and demonstrai csf that the Re-
iIhv law Witch - XetnPis tine national
,I&ohds ard sotheis Securities f'ron
Estate and itpni~fpal aG.Nation. MIR
d-tiolman, Dtsuforrat. al Indiana pre-
Lselted Tie issue and on That
issiit. the DcmOrralS voted almost solidly
i MOTTO prohibit t!ietsi,ies from taxing The
bon,ls, whilethc Republicans vute, IMAM
imouSly 1li:,t they should be exempt
i from TAXATION. The Democrats wer,. sls
feated. the ll,y WIS passed b iicpubiiGat
l-s"tcs and so-siaiids To-day on The Stat
Rite.
~. When The hin was bcfere cangres-
CHEATING I he Dslfiolial banking Systrih. and
also when The amendnehi tlIefcto,. after
\ II becanic q tnv.) whereby the powers OF
4 In. banks Were ciImrged ;aid their cirelt
Nation increaxed. 4he democrats. in both
houses. voted against the measure. in yri-
| gin aud amcndment almost unanimously
i while the Republicans voted rs uuani.
imously for il. These We're Republican
measures. passed by the party, AID were
opposed by the DenlQcraeFsaS Il party, al
all tipses and &tnderevery galise and shape
in Which tho .sas presented.
a-aS9 ON the&billY entitie;l ssAn iaci
\ taEslstrensthen tire public credit. =
| approved March Is. 1869, whereby the
| greater part of the interest bearing
debt of the United States was made pay
able in coin. when the face of the seeuri-
ties called for lawipI money, the Demo
Gratis. inthc HolIse aud Senate. save one.
voted mo" and the Republicans. except
| nineteen in both houses, voted for and
i pIssed h.Jnotler Republican measure
passed over the opposition of the Demo
| Gratis and was signed by President Grant.
being one OF the first laws TO which he
-fsavt.-ttis approval.
4. The Democrats met in national
| convention in 1858, and, as a plank
| In the platform, affirmed that the pub
1 lie credit was sacred. and that the pub
lie debt should DO paid according 10
| contract. anil as &c natured. Prior 10 the
act o. lS,i9 above mentionedl. letter
| was Written To John sherman. NOW See
j retary OF the Treasury. inclosing 4 cir
| ciIlar issued by Jay Cooke 4 Co.. ia
which they asserted tlat certain classes
of securities that called for lawful money
/ on their face, Mere. In fact. payable in
/ coin, and a request nfade al Mr.. sherman
| for his CONSTRUCTION oftbe law uIsleF which
said securiticsnSerei ssIIsd- Tie replied chat
they were payable ~ paper enrreney and in
/ thai alone Thai papcr Was received ia
pavment foY. the SsSuii;ics, and they
| should he paid under the law in the
money thai was received for them Cur
rcncy was then at great depreciation
/ gold commanding high pfeInium-that
for the government 20 refuse 10 pay in
other than currency would raise no taiui
Of repusl iation. hat Tor the holders 81
l these securities Ia demand ansl receive
lgSld would De eNtortion "a gross FORM
| YET at thu S1frrec.itus session OF Congress
1 MIR. sherman. n rhairulan 81 the fiu1Grs.
Committee and header cf the kepullicau
pefffy, repeated fayoTal.iy GA The hill that
passed into the act al lsssi. Al the SHE
sec,lihg session 1876 hill WIS brought in
i-alist ia sd Which autliorizcitisc is nance.
of : l.f1o gr1tEn Of gold honJS. the pro-
heceslS OF Which Whesi said, were 10 be
used ia taking up aud retiring l,rrB.-
ne,iIis the indebtedness specified in tie
lacfbf 1919. Thus nIakiuis new cantrs--t
fef gold With The purchasers Of these
Bonds snd preventing ttac Dem
ocrafs when they areedcd 10 power
repeating the iniiritouS act 81
Isl9. and compelling the h0isl-
ers Of these currency securities
Ia abide their contract, areoT.iing ta
the letter and spirit 81 The law.
A. construed Is sIr. sherman. When
the bill Vas pending 81 Issue The
laaal,ls - for lilfeen millions az sioiiarS
ls,r the pttrs,o<e stated. senator Thur
man olIeTed an amendment thereto pro-
sfsiing that said bonds slsouid be suisifs.t
| h taxation. aud that the lax on salt. tea
lan.I tnlIaceo be DECREASED fro frsfe. On
this 1nensiAent all The iltineerafic acna-
for and SIX Republicans toled TOR IL.
aud tllisiy-on Republican senators voted
Il a9aTmst n The alnensiinent Was lost.
Thus again fhe Ecrublisa an Selaic refiss-
"a - TAX Abe bonlls. Go iiie iinai lilssaso
Of The bIh the Democrats o. the House