Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1882-01-28

currency, which, although we'll cal
cuialed to enrich owners Of stlve
mines. yet in operation it will still
further oppressiu taxation an alread.,
overburdened people,"
Not satisfied with the demonetiza
ton of the silver dollar, done in 1873
this reform party desired also to IL
away with even fractional silver.
That is my answer to the charg'
that We c0alesced in the state OF Main
with greenbackers. As I said before
l am . greenbacker, in favor Of tn
%greenback money now in circulation
in the country, but opposed to tn
heresies, opposed to the moonshin'
theories, of the allies of the republi
eau partyin all the western aud south
srn states.
But what, as I said, are the resour
ces. Of this country, looking again t.
tho business aspect OF this PROPOSE
ton : According to the secretary o
the treasury the bonded debt of thu
country is S579. $50. O50 a, 81 per cent
or WiudOm bonds; $3.50, 900 900 of 4!
per cent. bonds payable III 1891 $738,
'480 $50 of four percents payable il
1907. Every dollar of the Wiudom'
can be paid of in four years. w,
then come to 1891. and there is an IN
debtsdness Of $3.50 .000. 900 of Al per-
cents, and then to 1907. aud there i,
an Indebtedness of S738, 600, 900 o,
four %percents.
What are the resources of the coun.
try? The sinking fund, according to
the report Of the secretary of the
treasury, in 1882 is $43 1856 ,645, aud
ranging on through the successive
years Of 1883, 1884, 1885, 1886, 1887
1888, 1885, 1890. and grsdully lncreas'
lag, until iI 1891 1t reaches the amount
of $61,,752. 724. The aggregate OF the
sinking fluid from 1882 to 1891 il
$500, 904. 707. In addition to that there
are $lS5, 900 of interual.reyenut
taxes, aud q surplus from the custom.
duties of the country amounting 10
fifty-odd million dollars q year, and
still we are in the condition OF a PEG.
pie who must fund our public debt
Who is SO blind to-day'that he can
not o the object of this or any other
funding bill2 Who does not see to.
day that it is not necessity, but
choice2 It is not disposition to
serve the people. l charge here to.
day before the American people that
the object isto perpetuate the natl ,n-
al debt. 10 perpetuaie the nationa'
banks. That is the whole object OF il,
aud gentlemen cannot escape the con.
ciusion. Hero We r with . surplus
next year, according to tine secretary
of the treasury. of $10b 600, 900. APP.
ply $60.O00,000 OF that TO ths 81.
resrsges1 Of pensions-apply $75. OOO.-
900 to the arrearsges Of pensions
aud by the increase of the resources
aud industries Of the country there
win be from $75, 0O0. 900 Il esO. 900 :
600 in any contingency to apply to
U national Indebtedness. Yet we
are piling up. according to the secre-
tary Of the treasury, mountains upon
mountains OF gold, mountains upon
mountains Of money, until he comes
to Us pathetically and saws, "What
shall do with ii7" Was such a
thing ever heard IF before2 In The
language of Saint Paul he asks, "Who
will deliver me from the body Of this
death 2" Who will relieve me of this
money ? Will not congress do some.
thing? I have no place 10 put 1t. NV
golfers are full ; my vaults are pletho.
rio. Yet the senator from OHIO says
fund it. To. fund 1t 10 the remedy.
.Ihst is the panacea for all our woes.
More interest upon the debt, more
bonds, more national banks, unit,
wn throHghcthe ages will be heard
simply the refrain Of . national debt
and national. bauKs.
Mr.. President, that is the logical
aud mathematical conclusion. I do
not choOset to go into all the details
and Specialties OF the acts passed
from time I" time in regard to the
lebt to show no n it has come Into
lts present condition. 1t is enough
that We find ourselves in this condi-
ion, aud it is enough that we fluid
country SO prosperous that there
Is apletifora ofsmoney in the nation.
II treasury. But if l could 20 furth-
n aud compare the situation as met
~ us at the last spring session OF
congress and that OF to-day, what is
he resnlt3 If / am asked why did |
hen vote for y funding bill, my an
'wer is simply this: Then the bonds
the government which we were
;aiied upon to meet paid all Interest
3 and6 per cent. We were com.
)elied at that time either to allow
his abnormal interest-because the
interest OF the country wac certainly
lot above 81 per cent. ut that time,
nd 1t is SO conceded OH all sides-we
we're compelled 10 allow these bonds
o q At that abnormal Interest or
Use to pass a funding bill in order to
BRING them down 10 the real interest
II The market. Under the funding
ill which we passed aud which the
'ational banks caused MIR. HAYES to
'eto III their interest, we would have
aved to the country SIC. SOC, 900 of
interest annually. The senator from
)hto proposes to-day, putting the
nost favorable construction on his
MI, TO save this country one million
annuslly. His proposition is
O fund this debt ats per cent. 1t
lands to-day In the hands Of the
at 81 per cent. The
uhdlng bill of the senator from Ohio
ives 81 600 annually !; aud in lieu
II that million dollars, or rather in
'onsideration of that legislation, we
I'VE up tie privilege of paying $780,.
10000 at our W option, and we
aslen this debt upon tue people for
years at least. l say seven
ears because, while the bill itself
makes this debt payable at the eni OF
years, the Senator from Ohio will
lot pretend TO say that he proposes
o pay $500. 900, 600 at the eud OF five
ears. He would not expect to pay
more than Sl00. 600, 900 a year. 80 that
II seven years aud not before, this
country will get rid OF the debt that
le proposes to fund.
l shall not detain the senate bv
eadlng the calculation; nv friend
rom Kansas Mr.. Plumt] will give it
o the senate; but l say that the fund
ng bill proposed to-day BY the sena. !
or from OHIO will cost this country
monty by $4,000, 900 than if we |
How the debt to remain as 1t ia ut 81 |
'er cent. c%ontrollable by the govern.
itself; aud the calcul ,tion Will
how 1t. More than Sc 5000, 900 would |
70 lost to the people by tho Passage
# this bill.
The amendment which l have pro.
simply says to the national
"You are our fi,cal agents.
nd"-l quote from the senator from
)hto-''yuu have made in ten ysars
a per cent. upon money which we
ave MI 'Wed you to issue. 1t is not
'ur money. Wejssue 10 you blank
ills and you fill them up with the
'a'hes OF your officers and put them