The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-04
Trying to Prevent a Democratic
Victory in That State.
Ho Tells Deal of Untruth About
the President.
His Speech Very Good Reading for
tho Tariff Robbers.
He Wants to Use the Surplus to Pay
on tho Government Debt, but
Says Nothing About
Its Stoppage.

'tIholT, MlCn'i pCl' Ohio henuO-
licans OF Detroit turned out by tho
thousands today to listen to Mr.. Blaine's
opening speech in Michigan, at the Rink,
which holds 5000 people
MIR Blane's hair may have taken on
triilc more Of whitcness than when hc was
last in the West, but his eye is as bright,
his form rs full aud his bodily movements
rs agile "a in 1854 Nor has his voice lost
much, II any, Of the resonant tone which
in former years swept over vast bodies Of
listeners, and drew them along his line Of
thought.
Mr. Blame devoted large portion Of
his speech TO criticising Mr.. Clevcland's
yetocs Of pension bills. and continued:
do not intend, Mr.. Chairman, to dwell
on the subject Of pensions, and have in
troduccd IL now In order that il might DO
placed vis.a.vis with another subject viz,
tho great surplus in the treasury Of the
United States, a part of which, | think
might have gone to that poor soldier with.
ont cndangcriug the stability Of the gov
crnmont. [Applausc and laughicr.l But
been accommodating with great zeal and in
dustry for more than u year aud half;
which he has refused to apply Ia the re-
duCtion Of the public debt that surplus in
which hc finds such great danger 10 the
republic, has at last found iis useful fate.
The President and the Secretary Of the
Treasury have amcliomted the danger by
giving moro than SGO,OOO,OOO of IL rs q
loan, without interest, to some national
banks scattered all over the country; and
this day and hour your money and
mine aud the money oi every
citizen Of the United States, TO
the amount oi more than GO,OOOUuO, is
loaned without cent Of interest to GER
tain national banks IN this country, and |
contend. although have not time to 20
into that subject, without q shadow oi
substantial night under the law That
eco 900 Ol money * secured to tho
government by the men who borrow IL 10y
dvpu-iuug bonds oi the United States, and
they are allowed to collect the interest
from ulc coupons ou those bonds and TO
\ retain, NJ the snmc time, the interest they
can earn ON the SGOUO.OlO Allowing
that interest To bc at the rate ui per
| cont. aud do not think YOU or | could
! get much OF Il for less from those bankers,
! lluuglirfl thcu j. 100000 gutuity
given away by the President aud the
Secretary ui the Treasury in a single
wear Well, my friends, any one
~ us could get rich II the government
would favor us ~ II does these national
banks Laughter | read this morning
that thu chairman ui the Democratic ma
uuual committee, Mt Calvin lifcc, a very
bright, quick aud able man, has million
oi thu surplus In his bank. Laughter aud
applause Well that ~ worth $4,000 a
| year II anything would tempt man 10
be- chairman oi the Democratic national
| committee, think 10000 would 80 a lit
! tie way toward H. Laughter Siill fur
! thcr, Mr chairman. when there was dan
| gur last year and the year before OF sirin.
| gpnry In the money market and too little
! circulation, there was movement made
! iu Congress 10 allow thc national banks
| a. circulate ON the bonds they
| have deposited up Ia par instead OF
being confined to ~ per cent us they afc
nov hy law On every $1,000 ui govern
mrnis bonds ~ you all know, thc bank
only cirruatrs 5000 bills. The Demo-
ruts defeated the proposition, aud Vet ia
tins HtHiuituus distribution oithv slNiy odd
millions dollars President Cleveland and
SECRETARY lairhid have allowed 10 10
the national banks instead ut ninety. That
is. n ans one Of the pct banks brings slO,-
unu oi government bonds % the treasury
40, bank would g,t 81 ,uUp in money.
have known something about TIE govern.
mput Ui the United States. have had
sYmr little 10 do with b. and
lruw that II that hld been done
any timo within the last quarter OF
% century by Republican Secretary Oi tue
Treasury, the Democrats IA the House
would have tired 10 impcach him, TAP
plau.D.l ! do not say that | would vote
/ iu impuurh MI furhild, that n another
question, but say II any Republican sec
| frlnfy. since Salmon l.. Chase WIS iir,t up'
| pointed by President Lincoln, had done
! with sixty odd millions Of the pubic
money ~ secretary fmrchild has done,
ny that q Democrat House 800 power
| would have moved his UuprJch'
mcnL ltrgs ul That's ~ "hu 'p'
rI1us,. II that money bad hvyu used W
fr.urp the public debt by buying the
bonds ui the government, You and
H. anil every citizen ui the
| United States now living or yet 10
come would have the advantage. anl
/ have rrrkuurd hastily tliat II thu claim. ul
thu guG pensioners that we're si"ppcl uy
tlr veto ui President Cleveland hli been
allowed, and the pensions had b.ru llll;
and had all run IUr twenty yCafs, ihr total
amount u that inrstimably frIIyl lo lh"'o
pJur. sick aud sometimes starving Ainl'
lies ol sold O. WHO barred their U..ls,s lof
your county and mine lIhr.1,l ihq
whole oi thrm would not have D.n-umcd
onc.siath ol the money which Oh h'"u'cs
ui the treasury department will receive lh
q single year from the iui,r,'i 81 vac
money that IL loaned. lthrrrI 90 hot
| ..I D. e.. .I.t..t.ft.D this HIf UUN llftuCr.