, 1880-09-18

I"fM |" He tables Of lsis Ms grcut nparert my
inr, nudly traRge!! about a. tho ttllie; l',t}
ssyeryoya tatsr Ia,y Tf ,ro 1o w"IREs ''1sf e o!
tho tao nrriet,tlctt sayng which lNul becil p.lr-
gH1is's ggfis sane e1e III IL n n "rrlecy ss aiter
g. s!sftGn 3oot n ~ s sxt iss ss's'f Il i'm rf5s s
iGmi XXX, il is7, to last year oi Issnahlican !l
rnlc.-greatcr IN currency M "a S1h'Ml .sH ~;
rfcater in ga.t by sti.:oTM|, ,o f"r Ins, IRst H.
nnxnhIicut, ycur ilore than .sl5.ttu QW, atn for
this ycnr they nrc considerably larger, anil
IN b6,h years appropriations were p1'rnt'seiy
Emitted in cn*rs fl which they nie nnra
IN II he he tace ot tho facts, bnd mid nrrnnt ny
liz ctnlua is, the country Is Hrnycty tolh q
,wHosndrnms ,Hs % Drnlncruti. economics. alu! It
now Sceis tu a,u stated tl,ut tho resumption
q o. 1Pe'ii Ike iirngaIty of Dct,ocratlt Congr!ess.
i}amcbtcr.1 Ii Il rnrc was tO It slilGtl nI1
be- b"st ssa ut ctiols The inye',tur Of this state
msI1, wuilIh surely take THO cup. .ltIrlnnrlnlas
applause The resn;'n1i, "t ~
nrrdIt Of It l,esonEs an. sa,l'H pnrtyt ai!l y
ihst varty future generations. .wifl link l'ack
Wiih grateful admiration. Whoever would
k!ow the truth al'''st It eali easily tto sf''
ct.A,tonESt1 rnls i,ErCpi.>Ti0S.
After the Wnr We had Alloat well toward
Al mo D00 600 uf pAt,er currency. ii flctltut-
ci in val.c from ~ to 10 cc'lts on tl,o M DOLBY. M
The public ttept was more than s. 700 ooo 900,
and more than s2,aG .ooo. COO or II bnrc titer.
81 The hns }rs nssFs frEs fEctias Ms sfter S
Srard was III tsitS. The two parlics, Nf course,
arlayctl themselves OH the greatest financial
jssic which has ever arisen III this
ssunt Gcsn or vs Rsrnst Mnt xl!" 10 Ry M @ @s"','tI[ VIII
the he coossal debt in'lictett by the Rebellion,
and With the sen OF pnpcr prn!lEsrS We hna
6een compelled 70 put out. T!lc Den,ocraatic
party pronounced for rep,!:llattol,. Tile dec
liquidation. They resolved TINT n! debts
fns' s% naS,""ca IL ?a%a !" t6a PSs eo s%e Ss S ID;
THEY resolved TINT "Goyerl,meut hn';ls
s 'sasea" y TSsy s rssojSs;I , tsas / s;aseIS - X
spii iapyci Mt its ''rcal value" They resolved
that there should be hut "ono currency for
4,sca m tYRstsr a sesc te ecafaan s1so wsio
plain repMttiat,oli:, Noholy pretended tl1at
lie obligations Of the tiovcrnnlcnt were pny-
able In honest money. for the rcnso,ss which
along eo! 1lw THIN to be Hn 9[ '%a,r under
VIII required by tl,o resolution, tElere would
have been tlo efficacy ,,,a,,, Of meannE III y
;Ss Se 6oudSosf' FSsS!ys' s11 sa eelht'S rs dny 5t
received clcarly nnt cotlcIusrcly meant that
payment Of bonds WIS to lc !,''.dc III lcEnl;;
lender notes. lApplanse.l Tho bonds bud
SHOULD never be taxed, mid exemption from
hamilton Ind entered Into the transaction and
been discounted rs MI element Of ynlnc, and
paid for lii the. .pricu given. Tor the bonds
> keyery SPECIES Of property it is real value !"
would hsiye tuxcd il barrel 0f flour M well rs
q barrel Of whisky; would lnyc taxctl land.
and all else. Slich Sclsene won!tl not only
Eo RasS wSa 6a9o t4sM FSSfe d f5 efnsao c s woe o
revenue and business Of tho cnnntry. Ap-
plausel THIS wns q. Democratic. position
The Nepubicans, ~ their, Nut!HnM Colvcn'
Gn sc|nfsa Hat{SSb f% ;Es r; rs4 1 'as s yS5
debt must be- tnill 10 tho ,lttermost, mt nc-
cortllnE to tlie lcttcr. but tho spirit Of tile
law"; second, that tic wisc, course was to
mnGTe h aaI # ad GTst 70 ~ t. nd 1si4na at s s
could not be tlone II Reputation, open or
Ss"speetcd. Sft " on tI' t'!s @ niaiform t;sn: limit
vas elected. tApplaascl: lliS !lrst i'rest; !;
tho Cnp(tot to assen,bsct! thousands. and
iore lad toi,c!ietl tllo Rbls, to so1crllizo MI
oath OF faithfutness IN office. LII Ills inatl-
gnral address. then delivered, atAnd these
worts;7 -.
tons md titr posterity tim Union. The pay;
ncnt Of this slcbt. principal and Interest. rs we!i
a. sui'f ran 10 accomr!'shsd. fth % ~thost Ma.
iiouai detrime,,t to, thu debtor. class Or
sSaS s, s " "aer as 10 sses IL. T
erl!ncut Indebtedness should ho paia IN gold
unless otherwise expressly stipulated IN the cntl.
In public placc. md it will IN fur toward
as'as' esl i, ,S. nr!i "n viii Ts nIt"iey onnlc IL
10 rcE,ltlcc tue tte3,t with bonds bcurnB less In
terest than VIC now pny.
THIS SIGNIFICANT DECLARATION
produced II deep sensation. 1}Dtt Houses oi
l!ll was introduced IN &, eaeli llonse ta
afortnight II Ind passed t'otl. Houses. IN!
waa approved by President Grant March IL
declared that "the fuitli Of tho Unitett State:
IL solcmnly pledged t0 the payment III COLI
orl cquiya1ent Of nll tic ohltgasions Of ii.
Un!teA States, not henrlng interest. knowl W
in.efes.:bearlns Obligations ot tho Un1tet
States, except. III ,rases where the lay
authorizing tlle Issue Of any s!lct
obligations lsad expressly provided TN
So tS san b. Rn Rnia & II lay aWfa oey o.
Aud tho United States n!so sulcmhly plctlgc'
Its faitIl to nlake provision at tlih earliGs
REaStlsahle perlo for o re,'emEtio ',1 nf tn tn
1nIsf stnteS M tnc otss si II n,s p M WI
Houses. They ynte.l ngainst It'll they vote!
aealnst considering 1t; they voted for amend
1ncnts to pcryert md reverse Its inennln!!;
$snsto! F9aas, 9"f|as, Ts} # 3'S oe eTS slr t" 20" @
!alned shall apply to obligations called u,
bonds" Every belnocralle Senn.or presen
voted Ter this; every hHnnoIisa,, n y0t.
tho Great bulk "a Of ths public tlc6t, and iii
pfnVSn valid hnTn frustrated nn(1 ylttAtCt