The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1886-08-19

In thefn-and some OF the public men who
have received their recommendation. un-j
stand ss exoepuops to these gems
eral remarks But these exception serve
only to illustrate the generality Of the truth
I have stated.
evils where is the remedy7 Tina the bank
ing system. Us At present organized. can o.
exist with public liberty. I pronounce utterly
impossible. Effective reformation il not
within the power of the FEDERAL Govern
ment; but the people OF the States an.
through their respective Legislatures. accom-
p1ish the redemption OF the country from the
despotism of this system.
AS it regards the subject OF the currency,
the question is not whether we Will have the
circulation exclusively metallic; but.
whether we will have 1t exclusively paper.
Both calculations may exist without blend
ing into q currency usually denominated
"m1xed.n It is this very mixture of incon-
gruous elements which e1cttes q strife, In
eyitaely resulting in the expulsion of the
better medium. The paper medium was de-
v1sed for commercial operations, and It
should be confined strictly to those transac-
lions which partake of o commercial char
acter. But chartered monopolies are not
necessary to the existence OF such o paper
circulation; nor is q sound and ample system
of credit at all dependent upon such monop-
olies. One OF the fraudulent delusions of the
banking system consists In the success of Its
advocates in blending together . paper cir
culation. the credit system, and corporate
monopolies as three essential properties OF
one compound idea-when, in truth they are
things in themselves distinct, without any
necessary dependence upon each otAer.
But as IT was my intention TO exhibit only
the political relations of this system rs at
present organized, 1 forbear further to remark
upon the question of currency.
And now, men of Fairfield. my fellow. citi.
zens. my friends aged and young. ! thank
you; with all my heart do 1 hank ou-fol
your inequalities, your attention this day
/ have spoken the solemn convictions OF my
Judgment Ihave assailed q system, which,
though SUPPORTED by thousands OF our citi-
zens, of the purest patriotism, and from
motives the most innocent. is chiefly SUE
tanned by thousands of others from far diff.
ferent considerations. Il have assaiied 1t as Q
system which I view as dangerous to the
liberties of my country. Ihave spoken with
the freedom of a man, himself free. to an
audience of freemen.
Democracy is q sentiment not to be ap.
palled, corrupted or compromised. It knows
no baseness; 1t covers to no danger; 1t op.
presses no Fearless, generous and
humane, 1t rebukes the arrogant. cherlshsl
honor and sympathizes with the humble i
comedies nothing but what It demands. De
structive only of despotism, 1t is the sole con
s~ervator of liberty. labor and property. i
is the sentiment of freedom. of equal rights
of equal obligations. 1t is the law Of MATURE
pervading the law of the land. The stupid
the SELFISH, and the base in spirit may de
nounce 1t as q vulgar thing; but in the his
tory OF our race, the democratic principle ha
developed and illustrated the highest mora
and intellectual attributes OF our nature
Yes. that is a noble. masnanfmous. 3 sublim
sentiment, which expands our affections. en-
larges the circle OF our sympathies and ele
Yates the soul of man, until, claiming 81
equality with the best, he rejects. as unwol
thy Of his dignity. any political immunitie
over the humblest OF his fellows. Yes-it /
an ennobling principle-and may that spiri
which animate our fathers In the revolu
tianary contest for its establishment, coz
tinue to animate Ms, their IONS, In the i'm
} pending struggle for tts preservation,