River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1880-10-28

single dollar by national bank, II he will
bring it to me | will redeem it.
have $50 gold piece in my pocket that
have been carrying for three weeks offer
ing it to masses of men trying 10 find some
bank bills 10 redeem.
Ny countrymen, the republican party
furnished the bank system which has en-
abled you for thirteen years to have the
best form of paper bank money that ever
was devised.
WITHOUT THE loss OF i SINGLE CENT
to any mortal man. Applause Why is
that? Because every dollar of this money
is secured by United States bonds. We
returned a dollar and ten cents for every
dollar issued of this money Not only
that. we guarded against counterfeiting so
successfully tina. it is impossible that the
counterfeiter can put his bill.in circulation
before il is found out, and then it is stamp
ed, and the plate which is counterfeited is
cancelled, so there is scarcely any chance to
counterfeit money of the national banks.
Not only that, you do not care where the
bank is, or whether the bill is found in
Salem, Mass, or Oregon. 1t is equally
good. You know it is secured by bonds
deposited with Uncle Sam Lapplausel and
therefore you take it without fear. Why
is it that the republican party advised this
system of paper money; why didn't the
democrats do it? Because it was 'agin the
resolution of '9S. Applause We say
it is not agin the constitution, and the sr-
preme court has so decided over and over
again. One of the dangers that people in
the north do not fear, because they do not
know about itbut | tell you as sure as
fate-is that it there should be demo-
cratic congress, and a democratic presi-
dert, that bill leyying tax on state banks
will be repealed, and then they will be re-
organized again to create this hopper bank
paper, which will eventually crowd out
&. circulation the national bank paper
-"oney. Why is it, you might say, Mr.
Sherman" This is the reason: 1t is law
of finance as inevitable as the law of gray
i,ation which grayitates the apple from
the tree to the ground, that inferior mon
cy always fills the channels of circulation.
Ii YOU received three or four bills and one
is little ragged you will always give off
the ragged bills first, unless you are more
honest people than we in Ohio. Laugh
ter. If you get coin that is little bit
abraided, you will get rid of that first
The inferior currency fills the volume of
circulation. Here the speaker was in
terrupted by the entrance of brass band
and said: | can stand anything but brass
band. Laughter and applause There
is another thing in which the doctrine of
state rights enters into. Why is it that
for seventy or eighty years we never had
A HOMESTEAD LAW
in this country? 1t has been advocated
time out of mind that we never could have
homestead law. Why? Because the
contIary ,at, 90 III fbat mo ebO,rIJ coil . l,a
land for money and put it in the treasury
and spend it as soon as we could. We had
no right to do anything more. 1t was "agin
the resolution of '9S" to attempt to do
anything more. And so il was that when
the republican party came in power in
congress we framed this homestead bill
We sent it to James Buchanan and he We
toed it, and there was the end of the home
stead bill as long rs we had democratic
president. Within two years after that
we had the homestead bill, signed by Abra-
ham Lincoln. [Applause.l Under the
bill five thousand families are settled on
western lands. Under it any head of a
family can go there and settle. Why is
this? Because we, the republicans, said it
was better to settle family on 100 acres
for nothing han to delve and work and
add to the riches of our country. No
strange thing, | know that the people of
Milwaukee are largely composed of men
of foreign birth. Why was it, fellow citi-
zens, that during the democratic times be-
fore the war, foreigners were not protect
ed in their native land? They always
chung in Germany and they were lost to
the idea that where man was born there
must he live. He could not shake off his
nationality You know that was the doc
trine. Thousands Of men came from Ger
many, and if they went back again to their
native homes they were liable to be con-
fined and imprisoned and put into the
army, and compelled to serve for num-
Der of years And although they took an
oath to support the government of the
United States and have become citizens,
the reIgning power said, that makes no
difference; once born there you must always
be attached there.
Why was it that the democratic party
never sought to relieve our foreign citizens
of this burden. | know ofmy own knowl-
edge of men being in this country thirty
or forty years that would not go back tC
their native land for fear that this claim
CT military service would be made against
theml Why did not the democratic party
remove this? | will tell you why. Be
cause they denied the nationality of the
United States of America The idea OF
these state right democrats was that the
states were sovereign, and there was no
place for nation to be a sovereign. They
egarded the nation as a mere tributary to
the states, and therefore never did and
never would call themselves nation.
Now, | for one, am in the favor of calling
this a nation and
SPELLING IT WITH THE BIG n.
Laughter and applause When the re-
publicans came into power with their
ideas of nationality, they compelled the
recognition of the right of foreigners and
they said when a man came to our coun-
try and took the oath of allegiance to the
United States that he was citizen of all
the states Who was it that opposed the
oppression of feudal yassalage. 1t was the
republican party of the United States OF
America. We made foreign lands recog-
nize the right of every man to choose his
own country in order that he could better
his condition. So that any man that be-
comes full citizen has a right to go any
where around the world under the protec-
tion of the American flag. Applause
see sign that | rather think will be a
good text for me, for ! am tired of talking
on this line | have shown you that ac-
cording to the narrow ideas of the demo
cratic party they cannot do anything that
is good for this country. They cannot dc
anything good to advance the common
interests and benefit the nation. They
are bound hand and foot by the narrow
doctrine of state rights. The republican
party does not only believe that the gov,
eminent is national government with
great powers, but we can give the greatest
good to the greatest number without any
care for the resolutions of '9S. Az
plause.
Now | want to talk upon the question o.
resumption and specie payment, about
which you have heard something. Al
the close of the war the people Of thi,
country were in debt twenty hundred
and some odd million dollars, the annua
| interest of which amounted TO one hun
dred and fifty million dollars. great
many honest people believed we could
never pay that debt, that it was beyond
| our means, and a good many men, and
| women, too, perhaps, although / think
| the women were not very guilty of that
/ began to think about repudiation-abou
some way of cheating or getting rid Of Tho
burden of the public debt. Things wen
along pretty smoothly for a little while
until finally the question as to the pay
ment of this debt came up. The demo
cratic party had various projects about it
but the republican party of the United
/ States made up its mind that it would
REPAY THAT DEBT TO TIE LAST DoLLAT
/ according to its terms and cOndi ions
/ Applause The republican party de
/ clared that this nation should be honest
/ and although it mi ght come hard yet We
/ would nav the debt dollar for dollar. pre-