Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-10-09
and they passed laws repeating these re-.
publican election laws, but, lf ~
THANK GOD.

Libby and other places, they declared that
they would starve the government to
death unless these election laws were re-
pealed. But the people began to speak.
The loyal north rose up and they finally
quietly passed the appropriations. Before
this was done, however, the republican
leaders proposed that whenever the viola.
tiers of the law interfere at the voting
places to alarm the voters or harm them
they shall be punished. But the dem
ocrats said "oh no, that won't do, that ia I'M
constitutional" And every demo-
| crat is on record voting to fine and impris.
| on American soldiers and officers, acting
under authority of law and the sanction Of
| an oath, IN order to protect the citizens Of
the country in a free ballot, and every
| democrat is likewise on record voting
against furnishing the ku-klu1. assassins
who violate the sanctity of the ballot, and
the right of the citizen.
But won't go on. Turning to other fea-
| lures of this discussion. / have few hg-
ures here. Under the last democratic
president, James Buchanan.
THE CREDIT OF THE COUNTRY
had gone down 30 low that there was
| not a single foreign company or corpora
tion that would take any of his loans. He
wan ted to borrow five million dollars and
here are some of the bids: Thomas
J. Warren, of New York. offered to take
$60, 900 at rs per cent, Field and McLane,
Of New York, $4,000 at 80 per cent, J. s.
Huntington, of New York. $25, 600 at "a per
cent, Field and McLane. of New York,
$40, 600 at 35 per cent, and $1,000 at "a
| per cent, @. T. Carton, of New York, $780,
| tbs per cent, and 3. P. Jones s. Co., of
New York, 100000 at "a per cent. Only
one bidder, John Barnes, of Washington
city,, was willing to accept 6 per cent,
and he was willing to trust his government
for only So, 500. and on investigation he
bid was not considered. These were
six per cent. bonds under DEM
ocratic rule, and this was the condition of
the country in 1860 under democracy. AS
soon as the government passed into repub-
lican hands Its credit improved, and while
Mr.. Lincoln had originally to pay $40
per cent. interest, the bonds sold at par, but
under republican rule our rational credit
has steadily gone up, until on the 10th day
of September. of this year, our four per
cent. bonds were worth a premium of l0s
cents 81. l0s cents in gold for $100.
My friend is grieved because these bonds
are not taxed. Mark you. these bonds
were issued by the government for money
borrowed to prosecute the war sndoriginally
drew six per cent. interest, butthe creditors
of the government, having confidence in
the honesty Of its financial managers
consented to q reduction of two per cent.
and these bonds, now selling at 10a per
cent. premium is more than three times as
much as any government on earth levies in
| taxes. This is something that no govern
| ment has ever achieved before
In answer to Mr.. Williams charge that
the interest on the public debt was greater
in 1879 than in 1873 The following is
THE OFFICIAL TABLE,
compiled by the secretary of the treasury ::
Total expenditures of the government
growing out of the war, So, 189, 929. 908.58.
Total interest bearing debt. highest point
August 81, 1866, 81, 38l ,530, 294 SO.
Total Understanding debt July /, 1880,
81. 1923. 993. 10000.
Reduction of interest-bearlng debt from
highest point, 1861, 537, 1896.
Annual interest~charge, highest 4 point
August 81, 1865 $3.50, 977, 697.87
Annual interest-charge, July 1, 1882,
| $79, $50, 981. 90.
Reduction in annual interest-charge,
| ST., 343, 1867.
Annual interest charge in 1873. sos. 049,
| 804. 90.
Annual interest -charge in 1879, $685.
| 143, 1860.
| So that instead of an increase of interest
| in these years, as my young friend says,
we have decrease of. $14, 9J6 068.50
My young friend will tell you that the
| republicans are terrible set of
THIEVES AND ROBBERS,
but have the figures here showing what
men of all parties stole. and 1 can prove
to you that in the matter of stealing
the democrats can give US thirty-four in
the game and then beat us every time.
have here an official paper showing
the loss on 81, 900, under the different ad~
I'D II 60
| Under Andrew jackson, that good old
| democrat, the loss from customs was
| Sc 80 in the thousand; under Lincoln the
loss was only Il cents in the thousand
| dollars; under Andrew johnson, the
highest type of democrat, the loss was
| SO ceAts in the thousand dollars; under
Grant it was all of two cents, and under
| lent president, Hayes, the loss was
| nothing-not one single fraction of q
| farthing.
The average loss on customs prior to
June Goth, 1861, when the democrats were
in power, was So 10 in every thousand.
The average loss from customs from
| July LIST, 1861, to June 30th, 1879, under
| republican rule, was only twelve cents in 3
| thousand dollars.
| thousand dollars is as follows: Under
jackson, $3.50; under johnson, So So;
under Grant, $0.22; under Hayes, none.
The average loss from all sources under
| democratic rule was 500 in the thousand,
and under republican rule it has been
| only u cents in thousand dollars.
The average loss on the thousand dol>
lars in the war, navy, pension and Indian
departments prior to June Both, 1861, or
when the democrats controlled the gov
eminent, was 1888, and from July 1st,
| 1861, to June Both, 1879. under republican
| rule, the loss was only $1.39.
The loss on all disbursements on &C
| count of the public debt, interest, premi.
| ums. and all civil expenses exclusive of
the postofice prior to Juns 30th, 1861.
| under democratic rule was $500 in the
thousand, and after July 1st, 1861, under
republican rule il has been only 10 cents
| in the thousand dollars.
The loss on all other amounts collected
or discussed is as follows:
| Under the democrats--$5 II in the thou
sand dollars.
Under the republicans-46 cents in the
thousand dollars.
The losses in the postofice department
are alike large under the democracy. and
but trife under the republicans. But I
must proceed.
The democrats say they are going to elect
HANCOCK.
| And did you ever see democrat
that was not going to be elected7 They are
always going to be elected, until after the
election. But they say they are going to
elect Hancock because he was such a gall
liant federal soldierl When did the SOUTH
| arn danoaoraov fall in love with fad eral