The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1880-09-16
MIR. BAYARp on MONEY.

Gratis of South Carolina at Columbia,
the other day, Senator Thos. #.
Bayard was present by special invi-
tation and spoke on all the impor-
tant issues of the presidential can
vass. The speech is published in
full in the Charleston Ne,cs and Con-
Tier. On the money question Mr..
Bayard aid:
THE SOUTH AND THE UNION.
Now, IL l speak to-day of the value of
the South to the Union, in the same
breath must speak of the value OF the
separated from the other. The health
Of the living body is dependent upon the
health Of all the parts, and IL there is a
canker in one part IL will spread to the
modification of the whole body. Let me
ask you this: What is there in the Re-
publican party to-day TO give il claim
upon any disinterested voter in America
for his support What are their claims
IL theirs are greater than ours, thenrin
common justice i say that they should be
allowed. But let US ask why IL is that
any fair-minded man who wishes TO be q
citizen, a father, husband, friend, to fill
any relation in life properly and consci-
entiously, what is there TO bind such a
man to vote for the success of the Re-
publican party? Is this party sincere
one! Does the past tell the American
people that It viii be wise and right TO
continue the governmental power In
their hands! Have they brought bust
ness TO the American people. or have
they injured them! First, let me say one
thing-the proper care Of property is es-
sential 10 every good citizen. 1t is one,
he for vx.hi ..la
government was designed The law,
with its calm spirit of beneficence, was
intepded TO take
The poor, weak and dependent, all find
in the law their best protector. COnsti-
buttons are the fundamental laws to pro-
tect the weak, to protect minOrities not
majOrities The strong man with an army
at his back needs no aid. IL is the poor
man, standing alone by his principles,
who needs something TO appeal to that
bids the invader of his rights to pause in
his course. Then come the laws for the
exchange OfprOperty. Then comes money
as the instrument for exchange. Men
cannot barter and exchange the raw pro-
duce always. You have no doubt stores
in the country where every thing is en-
changed in kind, yet the value of every
thing that is taken In exchange by the
humbIest to the smallest country store
must be expressed in money. Money
must be the language of all contracts in
this country, and that
MONEY MUST BE HONEST,
so men, when they deal fairly with each
other, must they deal in the language of
truth If money is the language of eX-
change, then money must be honest and
true, or else some one is hound TO be
cheated. We to-day owe the invention
of dishonest money and its applicationto
the dealings of the people, whereby both
creditor and debtor are deceived. to the
Vaccinations of the Republican party.
1t was that party which, in defiance of all
our history of the past, repeated once
and over again, in the days of the first
revolution, despite the plain mandate of
the Constitution, has said that Congress
has the right to take worthless piece of
paper aud say that an American citizen
| must receive ii a. the fruits of his labor.
| II any man or set of men were ever TO lie
cntrused with unlimited power, what
greater exhibition of unlimited power
could there be than this which places in
| their hands the right to say that worth
| less piece of paper shall become nothing
or everything. That farmer Shall be
paid for his farm by a blade of grass that
grows on the road side, and that the poor
laborer who works all the week may be
paid with promise to pay that Is never
paid. Don't you see that there was never
more cruel blow struck at the laboring
man than by that party which
ESTABLISHED DISHONEST MONEY
| in this country. And this, my fellow cit
| liens, was done by the Republican party,
| against the vote of every Democrat in
both houses of Congress. They prove
themselves false guardians, for they aban-
don their trust at the very moment when
| they should have most carefully guarded
| IL. They did invent the Greenback and
| they drove gold and silver. which have
value i'm every nation of the world, out OF
| this country. Gold and silver have value
| in every country of the world and gold
and silver is stamped by. every nation in
| the world, not to give Ii value, because
God gave ii value. 1t was He who told
/ men In every age To value these metals,
i and since the sun shonc they have been
the medium of exchange between the
people of all nations. 1twaS this party OF
| moral ideas, which claims itself tn be the
| great party of finance in this country, ia
/ which we owe
THE ACcURsED PRESENCE OF DISHONEST
/ MEN.
One of the great men of this country
he who had faculties which we're called
| god-like, il was the great Webster, had
said that "an irredeemable paper money
was the most remarkable invention Ia
fertiliZe the rich mans field by the sweat
1 of the poor mans brow that had eyeI
been evolved from the fertile brain Of
man." and il is today from this inven.
ton of the Republican party that men
must receive money that can he Increased
by the vote of an accidental majority in
| Congress. / ask you 10 carry home the
/ fact that down in the bottom of human
heart lies the value of truth, and he who
pays another by force tOrvalue thatwhich
has no value can not hc called IN honest
man. 49,. lrt.. et ..lr -s;ft
What has this Republican party done
| I could 20 a little further. Aftcf the
bounty of Providence had given TO this
land of ours enormously productive acres
after the same wise Providence had with.
held His smile frOm other nations, and
with deluges of rain had injured the crops
| all over Europe, so that the superfluity OF
our production afforded bread to those
lwho needed ID and were compelled tolpay
almost any price you ,asked-in view OF
these facts, the Amegicpn industry, agri-
culture, the very foundation stone of the
nations prosperity, was encouraged, and
by these means and by the labor of slluh
men as see before me the great balance
of trade was carried III favor Ofthe United
States and the products of America We're
paid for In Europe and brough: back in
precious metals, '"''
II was the industry of the American
I'people rewarded by the American people,
that enabled this country TO commence
the redemption of its money. The proof
| that there was no money was the issue OF
I'uew notes, A imam does NOT issue a note
when he has money I'm his pocket. That
Is " plain matter of fact, and Isay that
the. evil was this, not that the govern
ment in time OF, trouble must borrow
money-credit's u blessing, but don't at
| tempt to turn the convenience into a
curse and into the arbitrary rule that
shall compel q man To receive rs cash that
which is hut one-half credit, The abun-
dant crops with our industry brought lis
/ our money, The notes were brought
forward and the money was there 10
meet them. But it didn't stop there.
This same disposition 10 ,-.itts,,-
/ JUGGLE WITH THE TRUTH
and 10 deceive the people which has
marked the course of the Republican
party for the last fifteen years, marks to-
| day the course OF their secretary OF the
treasury, and has induced them, as fast as
the note Is paid, TO reissue It. What Kind
of redemption Is this. IL you know mer-
/ chant who owed great many notes aud
| mistrusted his financial status because
/ YOU thought he owed more than be could
| pay, would il strengthen your confidence
/ IN him II he should announce his readi-
| ness 10 meet his notes and at the same
| time reissue new ones, He owes as much
| 1t the end six months rs he owed when
he began, and this Il what they are
pleased 20 call redemption, As ] said in
| the Senate once. il is like trying 70 bail
out 4 boat with sieve. 1t flows back
one way a. fast rs YOU take
IL out the other. What wanted
70 say was, not that we should in
struet our government, not that we should
diminish the volume OF our circulation
| and restrict business but l said this, tina;
1 would deny the right OF the government