The Lamoille news. (Hyde Park, Vt.) 1877-1881, 1880-09-22

/ NheoiiSui vi uhiiOhS upOH mllllOnbt anu pay
all the obligations. (Applsuse.) II we
had failed in that, all that had gone before
would have amounted to nothing. And
yet people come here by the hundreds Of
thousands, become fellow.citizens, and fall
in with that party which bears the name only
of Democracy. They have associated with
the Liberals of England and of ireland,
and still identity themselves with the party
which has the sympathy Of Tories and Con-
servatives and aristocrats. You Repub.
licans who go to England find yourselves in
the company Of Liberals; and yet many of
those who come from Liberal associations
ally themselves with our opponents; it is
amazing it is incomprehensible.
We have no way of judging Of the future
except by looking at the past. One cannot
know anything of a party except by ex nj
lining its past deeds and professions. 1t
would be an extraordinary comptition be-
tween two men seeking the position of a
superintendency of a factory, for one to re
fuse to tell what he had been doing for the
past twenty years, and the other taking
pride in showing how he had managed the
various establishments of which he has had
charge one running his charge into debt
and ruin, the other building up and pre-
serving the credit OF his business. This is
the same view, however, which may be taken
of the condition Of the two parties OF the
present time.
l do not pretend to say that am going
to be eloquent. can't. / only desire to
have little conversation with you. The
Republican party has brought the country
to condition of unexampled prosperity.
We issued our notes, and we said we would
make them ultimately as good as coin, and
they bear upon their face the announce
ment that they are as good as coin. When
we undertook to carry out our promises,
the Democratic party opposed us. They
were opposed to the great act that Grant
cloud and long continued cheering)-I did
not know that was about to touch pow
der. (Great applause and laughter) 1
will always join in any tribute to Ulysses
S. Grant. (Great cheers) l do not care
what personal feelings l may have had, we
forget those things in looking at the man
who led us through in triumph. CHEERS
Serene amid alarms, infexible in faith, in
vincible in arms. (Great cheers.) The
irst act signed by General Grant pledged
the faith Of this nation to the payment of
the bonds according to their letter and
spirit, and the redemptionof the greenb ack,
the legaLtenders, in coin at the earliest
practicable moment. That solemn pledge
the Republican party has kept. (Cheers.)
At the end OF the war we had $150O00,0O0
of interest to pay; now we have only &c.,
100000 of interest to pay. And the reduc-
tion of the debt has partly been by pay
ment of bonds, and the interest partly by
borrowing at lower rates. And when Gen.
eral Garfield (great cheers, which the
speaker, waving his handkerchief, led)-
and when General Garfield and his secre
tary of the treasury shall begin their labors
the interest will be about $70,000,000
| (Cheers.)
Before the war we had as many syttems
of banking as we had States, and you have
heard the old story, that when travelling
you had to get your money changed as you
went from State to State. For the first
time in the history of the Republican
party we have system of currency that
deserves the name. We have had none be-
fore (Applause.) We have had twenty
five or thirty or thirty-fve systems of all
imaginable descriptions, but what did they
amount to?
NO ASSISTANCE FROM THE DEMOCRATS.
In 1869 we promised to make a re-
sumption of specie payments, and pledged
ourselves in Congress to do this. I refer
you especially to the act of March of that
year; and ask you to review that record
carefully, and see if the Democratic party,
in good faith, assisted in that obvious duty.
l ask you to see if Democrats did not vote
against it. The time came when it was
necessary to fix day on which this re-
sumption should begin. The Democrats
opposed that. A few Republicans opposed
it, but not on the same ground. They op-
posed it because they thought the bill did
not go far enough. But we passed the bill
and it has prospered us better than any one
of its strongestsupporters prophesied. The
country promised to resume on the first o.
January, 1879, and the Democratic party
then assumed the role of jeremiah ant
) prophesied disaster before and after tina
day. They appointed committees in tn
House, and called before them the busines
men of New York and other cities, in orde
to show that resumption could not tax
place. They talked about the immediat
, exhaustion OF the gold supply, and o6ere
9 some great sum for the privilege of bein
E first in the list at the treasury door on tn
first of January, 1879. And yet gold wer
down, and the Republican secretary Of th
> treasury (applause) )-thatis Igood, becau,
I John Sherman will be known1( 1(renewe
i applause) as one Of the truest and able
!, financiers that ever served the countr.
n (Applause) Through all this oppositic
T, and all these prophecies of calamity, IL
u secretary of the treasury went steadily Q
J. and by the time appointed for resumptic
IS he had accumulated millions of gold, bl
L. nobody appeared to claim it. Gold hs
gone down, your paper had gone up to Il
standard value of gold some days befor
ss | (AnnIausel