Nevada County picayune., 1886-08-18

OF G. p. SMOOTH TO THE DEMOCRATIC CLUB OF NE-
 VhDA COUNTY, ARKANSAS.
DELIVERED AUGUST THE 9th, 1896.

and good governments local self government of the rights taxation for evenue onv and that the raised should necessary to econmical governments this party the teachings of Thomas eerso great compeers is to day rep resented by the Democracy the always favored centrazaton, national government ton of the Congress taxation the protection of certain industries sometimes gone so far to seriously interfere with the rights anteel by the constitution thereby espoc the preense being paterna these views are represented today by the Republican partytoowng mainly the teachings of Alexander Hmlton In the practical the of sprung they have to some extent been complicated questions sprung political ing to the proportions of parties and chief the Geenbaokers Some of these questions wish briefly discuss The question of finance itself has always insisted upon s"und has always advocated gold currency these paper gold only It has had the world could not be carried through kind of alone that the bulk of business necessarily to be transacted through the exchange change and other individual paper based upon and the credit of the makers of this individual paper In opposition to this the Republican inclined gold basis and the Greenac faction, edeemabe paper currency This Gr'""ck idea of money the widest delu~oa II 'h land flooded with this eeemae paper currency consequence would be drive gold and silver money county, result of l the would be depreciation this constantly increasing m, would become worthless; and would have entirely system of barter It true would have of worth less but instead of abundance fact have and the end wch the greenack pretend they are seeking for ian of the on o wbo
 
 h e us "' s money would be Kept good because 1t would be based the credit of the But this aacy The credit of the based upon the wealth Since this to be redeemed of the nation and that is the basis credit government such could be based upon that The would be that being intrnscay worthless and luty nothing upon, would eprecae nominal vaue be reliable medium evcangc.
 become worthless than the iron money of Lyc much extoled by Mr. Any. It the hmsc lacy conce ed in the mind of n financial crank.
 In the next place alleged that the Democratic avors the national banking system stated Dispatch the
 day that Mr. Reeves in speech df nded national banks This gross mistake. Mr. Reeves distinctly stated Democracy. party did not uphold the national bank system But he did that the circulation of the national banks solvent that is based upon the bonds of the deposited in onal treasury, redeemahe in the a should go liquidation, be paid by the redeemab b and the bonds deposited security for them cancelled In stating this Mr. Reeves only naked truth and always and honest do that And with equal truth he might have further he could have truly said that the nato" bank currency thousand
 fold preferable the edeemabe proposed by the Greenback leaders would based nothing liable at moment to become worthless " notwithstanding all this the national by the whole Democratic party by Congress upon Crapo the national banks The Democratic for this bl. The Senate the Iue an the Ex department all of the Republican par ty at Cmpo bill Republican The bill finally passed the House Jul, lo 1882 seventy Democrats voting against and eleven for it. This shows how the great body of stands this question: that opposed to the continuance of the national banks And there infinitely more prob ability the Democratic will overcome the small faction opposed it this matter, than fa the Green members the rouse or majority of body gain control of the member, be able throttle these tona banks felowczens until the Greenback party vaueles gets such enable it to destroy the national banks national bank will be 'uring when a doom But the Democratic party srons growing in strength and wish to prevent the from obtaining lease of t you must look to for relief few who violated its the Capo b and when the question agn re- c will ready and prepared to discontinue these national banks there the history ot the Capo bill t which especial atenon,Mr Bland Democrat off, the Grape M to the effect that extending charters of the national banks United States Treasury notes greenac should he substituted Tor the national bank circulation. astonishing 1t re om of M Congress roted dgatns he snd" lowing preferred the continuance ot the n"'io" banks rather than have greenbacks substituted the place their currency.
 is for mistakng the attitude of the Democratic par ty on the subject tariff. It taxation only