Year: 1879

ttilt l. ulu IOU suppose UflGr6 was lIlV cOntrO-


versy about it. But twelve of these questions


related to this very important subject.


The balance of the questions, sixteen in


number, related to what is called the Glover


committee, a committee appointed by Demo-
cratic House to explore the Treasury Depart-
ment to see if anybody had stolen any money


He came to the treasury department and every
facility was given him to examine all the re-
cesses of that great department. He was al
lowed to explore it, he was allowed experts to
aid him in that work, and after it was all over
he didn't lind that anybody had taken any
money belonging to the United States OF
America, and l am glad to say to ou that for
three years not one single dollar of the public
money has been lost or wasted from the Treas
ury Department. Mr.. Glover made report
He did not find that anybody had stolen any
money, but he founnd there had been some IL
regularities from time to time committed in
the department several years ago. They found
one honest, fairminded man, DR.. Linderman
and he Democrat, and they bounded him into
his grave upon what honestly believe was
false and unfounded charge The report was
made to a Democratic House and though
some Democrats were drawn into the meshes
the House decided it was not worth the cost of
printing. All these questions that it was de-
sired should speak about were rejected by
Democratic House and Democratiej commit
tee. MIR. Glover was not returned to Congress
and sometime after gave his report to some
newspaper to print at its expense or his don't
know which.


Every man knows that on the Both of June,
1865, the interest bearing debt of this country
was 81, ,391 900, but it is 81 1877 900 600
or reduction of over S500O00,000. AS early
as 1867 the whole of this debt of So, 300 900 900
was converted into coin bonds bearing the
great mass OF it, e per cent. and some of it )
per cent. interest. Myself and few Republi-
cans tried to reduce this interest and we were
defeated, every Democrat and a few Republi-
cans voting to issue per cent instead of 5 per
ont bond Thnpa .cc aJx =
opinion on the question of the unlimited coin
age of gold and silver if you will make the sill
yer dollar equal in value to the gold dollar. Re-
publicans are in favor of the issue of silver dol
lars, but we want to make them equal in value
to the gold dollars. That has been the doc
trinc held by our fathers. I might quote you
from the language of Jefferson and Hamilton
and all the founders of the government When
the first coin was issued bimetallic money was
provided for by law, and Jefferson and Hamil-
ton both concurred in a careful examna-
ton and analysis to find what was the relative
value of the two metals at that time, and they
determined that 10 ounces of silver was equal
to an ounce of gold, and that was the true re-
latlve market value. In 1885 Congress de-
termlned that 16 ounces of silver to one ounce
of gold was the true ratio. But now 16 ounces
of silver are not worth one ounce of gold If
we would issue silver dollars of the old ratio
we should have a dollar worth S5 cents in
silver and that of gold 500. Free coinage of
L
standard of silver. What we object to is the
coinage of a silver dollar which is worth only
S5 cents and which thus will demonetze gold
and leaye us only silver as the basis of our COIN
age. Silver coin has been made the football of
demagogues until now many persons are led to
believe that the Republican party is opposed
to the coinage of silver, while it was the Re-
publican party and the resumption act itself
that provided for recoinage of silver introduced
into current use in the place of the fractional
nd do rnad DIV M To pnr, IL
out limit at its market ratio to gold, while the
Greenback element wishes to coin silver dol
lar worth only on the average So cents, and
with view to cheaper money to impair
contracts and to Danish gold. They
refuse to recognize the fact acknowledged by
the world beside that by the law of trade, sill
yer has deprecated in comparative value with
gold, and that the silver dollar of twenty years
ago is now intrinsically worth 15 per cent less
compared with gold than it was then.


This discussion was continued in much the
same language as the Portland speech.


Our Ohio Greenbackers are of little differ
ent stamp from your Maine Greenbackers.
They go whole hog. Your people are cautious,
Western people. When they go they go all
at once. The general government should is
sue an ample volume of full legal tender cur
rency to meet the business needs of the coun-
try and to promptly pay all of its debts. Here is
the broad doctrine that the general government





made full legal tender and supply enough to
meet the business needs of the country. How
much does this dogma demand? For the lat
ter purpose, to pay its debts, it would need
about S1 200, 900, 900, and for the former pur-
pose, according to q moderate estimate of a
conservative Greenbacker, it would require
anywhere from S700,00O,00O to $4,000, 900, 900
more In other words, they propose to strike
at the foundation of all values by the issue of
irredeemable paper money to be used part in
naViOo the national dabt in ,yiol of 4bo
public faith and the balance as legal tender
upon all contracts and debts between private
citizens. When the Greenbackers Of Ohio
and Maine and the Southern Greenbackers
beautiful platform for the Democracy of the
state of Maine and for the Greenbackers of
the state of Maine.


My Democratic friends, if any honor me
with their presence, / ask you the old d emo
cratic party which, if it was anything was al
ways hard money party an honest debt pay
ing party, if you will follow after such blind
gods as these to get into power? Why not
leave such camp and join the old Republican
party that has done so well? 1 might read to
have said jackson boasted that he paid off
the national debt in 1885. He believed in hard
money. They all said there was no money ex-
cepting solid money or paper redeemable in
solid money The great Republican party
stands there now, and where are all the old |





the blind leaders of the blind and dogmas and
doctrines that are utterly subversive of the
public credit. 1 appeal to you as patriotic
l recognize you are seeking to do |
what is best Tor our common government and
you my Greenback friends, why look at the
dogmas which seem to me like strange delu-
sion, why should you who acted in the Republi- |
can party go off on this tangent. We have |
done what you desired us to do, we have got
those notes up to par in coin, we use these |
notes in paying the bendholders as well as the |
laborers. You now have plenty of greenbacks, |
all you ever had. You have plenty of money |
more than ever before, and besides that you |
have gold and silver. What more do you want. |
All your prophecies have proven false. 1 be-
ieve the time has arrived when sensible men |
should detach themselves from their party |
organizations and pursue the path of duty |
honor and right.


Mr.. Sherman then briefly summoned up the |
good results of resumption which he had more
fully presented at Portland, and closed as fol- |
ows:


appeal to you then to rally round the Fold |
party; to give us your old time majority in |
Maine, and when / return back to Ohio in |
week or two to participate few days in that
canvass intend to say words of good cheer
rom Maine. Send your voice to us in Septem-
Der and we will return it a hundred fold in Oc-
ober


Mr.. Sherman spoke about an hour and a
quarter, and was loudly cheered as he sat
lown.


In response to calls Congressman Frye came
Onward and spoke for half an hour, presenting
comparison of the credit of the nation in
$50 undor Democratic rule with that under
Republican rule, and closing with sharp refer
'nce to the course of the hard-money Dem
'crats of Maine in fusing with Greenbackers


Ex-Governor Dingley was called out, and in
leu of speech proposed cheers for the Secre-
ary of the Treasury and for Hon. Daniel f.
Davis, which were given with o will.


The meeting closed at 10 o'clock


Murdered by Tramps.


JAMESTOWN, n. Y, July 2i.--At midnight
farmhouse near Conewango, occupied by an