Year: 1860

Glorious Triumph for JoAnson- Rector Re- padiates Peek and Ms Old Line! Yesterday was great and glorious day for the democracy. Early in the morning l the people commenced assembling from the country, and at the time for commencing the discussion, the court house was crowd. | ed to excess.

 Col. Rector led off in speech of two hours and forty minutes, and evidently felt that the position he occupied in opposing the regular nominee of the party to which he professes to belong, was an embarrass- ing circumstance, and one which needed an immense amount of explanation. On this point, after boring the people for one hour and torty-hve minutes, he succeeded in proving to every democrat that his course was taken for the purpose of disorganizing and defeating the democratic party; he la bored hard and used all the sophistrv that was in his power to explain away this fact, but at every step he only succeeded in mak- ing the case against him more plain, and the proof more condemning He took a stand against conventions and attempted to show that the county conventions which instructed for Johnson did not represent the wishes of the people, and as aninstance he cited the county of Saline where he sta ted there were only six in the convention who instructed for Johnson Now, even admitting such to be the case, those men were sent there as the representatives of the various townships instructed by the people to carry out their wishes, and why should anybody complain? Judge Rector con- plained very bitterly that the vote of Law renee county was cast for Col. Johnson, when the county instructed for Mai. Flour noy. Judge Rector then proceeded to ad- dress the people on State policy and the bank question. He assumed the position that the banks should be made to pay their own debts, and oN this kind of thing; that he was opposed to rephdiation, and oH this kind 'V Ming, and then proceeded to show what policy he would advise to be adopted to secure the payment of this debt, and aU Mis Kind of Mimg He first took the ground that the holders of the lands should be in vited to come up and settle without suit being commenced against them, and all ttis kind of Ming, that the State should require | thCiu lo pay OHc lnlIu or Inc dHOuuI uue on said bonds, and take their notes for the balance due in one, two and three years, and aH Mis kind of Ming. This was one way Another way was to invite the bond holders to come forward and surrender their bonds, and receive in lieu thereof new bonds, these new bonds on their face are to call for Sl,- OOO as the old bonds now do, and to have ten coupons attached, each coupon calling for Sl0O. The bonds drawing six per cent interest. And another way which the Jud se proposes to pay off the debt of Ar kansas, was, that the bond holders should come forward and surrender their bonds, for which they should receive stock in the Memphis railroad, and the State should issue to said railroad new bonds, payable in p years and dlawing six per cent, the money now i'll the treasury should be dis tributed among the various counties for the purpose of erecting colleges and educating the children. By this means he had no [ doubt the debt of three millions of dollars which now hangs over the State could be liquidated without the people being called on to pay one cent. and oN Mis ktna 0t thing.

 In the address of Judge Rector to the people of Arkansas, on becoming the dis organizing candidate for Governor, we find the following:

 "The ignoble policy of repudaton must be re- sorted to, or some practical plan means of liqui dation adopted.

 To the first proposition could never yield my asseut, and to originate system for carrying out the latter, without direct taxation upon the people, | would seem to challenge the most astute financial skill known to politca! ethics.'

 Now we presume that the last method of paying off the State debt, offered by the Judge, is the system which challenged ''the most astute financial skill known to politi- cal ethics" He has undoubtedly labored very long and very hard to mature this plan. And pretty thing it is after it is matured. He proposes to take the debt of Arkansas, debt amounting to $3,000, ,000, and with that debt he will pay off the en- tire liabilities of the State, without a cent coming from the people; he will build rail- roads all over the State and besides this, he will build colleges and educate all the children in Arkansas. Verify Judge Rec tor is wise and tremendous financier, a prodigious tinancier, and undoubtedly pos sesses "the most astute financial skW knoras to political ethics." But the people of Inde- pendence think he ought to be bored for the simples for promulgating such system.

 The Judge closed his speech by alluding to federal politics. He took the true south ern ground and was heartily applauded.- In this his ideas correspond with ours and the entire south. The Judge occupied the attention of the audience for two hours and forty minutes.

 The regular nominee of the democratic party next took the stand. He opened his speech bp alluding to the fact that at Mount Olive he had made an arrangement with Judge Rector to equally divide the time, that the Judge had already broken that ar engagement and that 1t would be the last 1 time he would ever have to break an arrange ment with him.

 The Judge here interrupted Johnson mak- ing an explanation; 1t was long, but summed up in few words, meant that he occupied an awkward position and 1t was necessary to talk long time to try and get out of it. Col. Johnson next alluded to the insinua- tion which his competitor had made in re-  gard to his age, and stated that the demo- cratic party did not nominate him on ac- count of his age, but because they believed he had the honesty and capacity to preside over the destines of the State He next took up the argument of his competitor in respect to his nomination. In regard to the case of Van Buren county, he admitted that the vote was cast on fraudulent papers, and stated that he had no agency in it; he showed that 1t was absurd to think that it was possible that friend of his could have been guilty of such a silly trick, as any one having the capacity to write such document would have sense enough to know that a forgery would have been detected; he believ- ed it was deep laid and villianous scheme perpetrated by his enemies after they knew that he was certain of nomination, to in iure his chance of success. At this time John L. Laherty, the gentleman's name that was forged to the proxy, rose and sta ted that great deal of indignation had at first been manifested on the part of the citizens of Van Buren, that they have be- come satisfied that Col. Johnson had noth- ing whatever to do with the forgery and | tho+ he xy,.,lJ ,,pdoubtod1,r 1.o+ +Lo Jo,S.a