The Camden chronicle. (Camden, Tenn.) 1890-current, 1891-07-17
HON. B. A. ENLOE.
lcoNrlNurD FROM FOURTH rAGE,J

CONTINUED FROM FOURTH PAGEJ
ing. Iagree with Mr.. Macune that we
want our greenbacks to be as good as
gold or silver, but if we were to make !;
land notes, or cotton notes, or wheat |
notes they would sell at discount like |
individual time notes based on such !
security. If the government were to
stand between the borrower and the |
note holder, taking the proposed security |
from the borrower and giving him
twelve months time in which TO pay,
while it promised the note holder to re-
deem in gold or silver on demand, its
paper would be disoredited before 1t
could put the first billion dollars ahoat,
and by the time it could supply the de-
mand Of the borrowers, its credit, am
afraid, would be little better than that
of the Argentine Republic.
The way to financial relief appears
plain to me. The first stop is to adopt
a just system of taxation The next Is
the free coinage Of silver. The next
is to substitute legal tender notes for
national bank notes, or to supplement
the present circulation with sufficient
volume of legal tender treasury notes
to transact the business of the country
without special advantage or injury to
anybody. To that would add the re-
peal OF the ten per cent tax on the issue
of State banks so as to permit free
banking. The advocates of more money
can get out Of the woods by abandoning
, the unconstitutional and impracticable
loan feature OF the Subtreasury bill and
J making the naked issue of more money.
That fight they can win The other
they cannot win. They will find before
the fight is over that they will need to
concentrate their forces on the lines
where they are all united. They will
not have any strength to waste in chas-
ing rainbows.
e would be glad If circumstances per-
mitted to meet my constituents face to
face, and to discuss the true political
q issues with them more in detail. feel
9 that have already exceeded the proper
limits of this occasion, but.I want TO say
before / conclude that my faith in the
principles Of Jeffersonian Democracy re-
I mains mistaken, and expect to stand
8 by them until see
D A DEMOCRATIC ADMINISTRATION
Of every departments of the government,
> guided and controlled by Democratic
, principles believe we will see the
y beginning of shat bright era on the 4th of
March, 1898. feel that need not urge
D the true and tried Democracy Of the
D Eighth Congressional District to stand
: by their colors; l know they will do
y their duty.
l do not know more appropriate way
o in which TO conclude a Fourth of July
e address than to recall the political creed
of the author of the Declaration of In
dependence 1t is the chart by which
we should endeavor to guide the labor
ing ship of state back into the smooth
seas and safe channels from which it was
driven by the storm of civil war In
his first inaugural address Mr.. Jefferson
said
"About to enter, fellow-citizens, on
the exercise of duties which compre-
bend everything dear and valuable to
you, it is proper that you should ander-
stand what deem the essential princi-
pies OF our government, and oonse-
quently those which ought to shape its
y. administration. | will compress them
within the narrowest compass they Will
30 bear, stating the generel principles
but not all its limitations; Equal and
NJ exact justice to all men, of Whatever
X state or persuasion, religious or polit'
ioal; peace, commerce and honest friend
~ ship with all nations, entangllng alli-
~ ances with none; the support of the
W State governments in all their rights
~ 20 the most competent administration
10 Of our domestic concerns, and the surest
bulwarks against anti-republioan ten
10 dcncies; the preservation of the general
b government in its whole constitutional
70 Vigor, as the sheet.anchor of our peace
70 at home and safety abroad; iealou:
care of the right of election by the PEG
Pile, mild and safe corrective of abuses,
which are Topped by the sword of revo
~ luton where peaceable remedies are un
Do provided; absolute acquiescence In the
DO decisions of tho majority, the vital prin
30 ciple of republics, from which is NJ
90 appeal but to force che vital principle
90 and immediate parent of despotism;
well-disciplined military, our best reli
M ance in'poace and for the first moment;
40 of war, until regulars may relieve them
the supremacy Of the civil over the mil
90 itary authority; economy in the publ,
" eApense, that labor may be lightly bur