Year: 1877

All NuO PtObiS tASCD0 tie UOnu-
holders have been paid in green
backs for 6fteen wears for SER
vices rendered, and supplies fur
nished to the government, and none
of them complain. Before the Le-
galtender Act was passed more
than a million soldiers had been
enlisted with the army of the United
States at thirteen dollars a month
for three years or during the war.
They are paid afterward in paper
money, when it was at a discount
of fifty cents on the dollar as com
pared with the money in which the
promise of payment was made. So
as to all others who furnished sup.
plies, or rendered service, civil or
military. They might with a show
of reason have complained, espec-
tally of the Government making n
character of money which they had
to take, and which the Govern
ment repudiated when rendered TO
it and its custom-house. The peo.
pie have not complained and they
ought to disregard the plighted
faith set up by the bondholders and
their attorneys They say the pa
per money is not equal to gold, and
that justice requires that it ought TO
be. What efforts have the Republi
cans ever make to make it goodp
Have they not labored all the time
to keep it from being good2 Until
they do make an honest effort TO
advance its value they have no right
to complain Of its depreciation. Let
it be received at the custom houses,
take the national bank burden of
its back, restore the silver dollar,
adjust the tariff taxation on reve
nue. basis, and stop stealing, and my
word for it, greenbacks will be as
good as gold in month without Co
ercion or legislative lnterposition.


NATIONAL BANKS.


The burdens imposed on our pa
per money by the national banking
system was another of the cunning
ly devised schemes of the moneyed
monopolists to rule the tax payers
by transferring the credit of the
Government to a set of favored cor
porations. Human ingenuity-even
Yankee ingenuity-seems To have
exhausted itself in devising ways
and means to rule the people and
enrich the rings; and they succeed
ed in doing it in such a plausible
way that the victims applauded the
robbers while the operation was be
ing put forward. An amount of
paper money, in the form Of ma
tional bank notes nearly equal TO
the amount of legal tender notes,
was authorized by Congress TO be
issued, redeemable in greenbacks,
and was given to organized compa-
nies of bondholders, a tax of l per
cent. only being imposed for the
use of the circulation furnished, and
these debts which they owed at this
cheap rate they loaned TO the people
to whom they belonged. and whose
credit gave them all the value they
had at sight, at ten or any other per
cent. they could squeeze out of
them. No citizen other than "A
bondholder could get a dollar of
them on any terms, though he
might pile up securities mountain
high to protect the Government
The load thus piled on to the
greenback had, of course, the same
effect in depreciating the legal ten
der notes as if every national bank
note issued had been an additional
greenback, vet these bondholders
who got the exclusive benefit Of the
issue which caused the depreciation
are the men who are raising the cry
against imitation, against the green
back currency. dishonest papers,
Rag Baby" and every other cpl
thet which may deceive the people.
If, instead Of giving the bondhold-
ing bankers the use of the credit of
the country, the issue had been
made as all issues of money ought
always to be made by the Govern
ment in the exercise of its sover-
eign prerogative, over twenty mil
lions a year would have been saved
TO the taxpayers of the country
which the bondholders have pock
eted under Radical policy. II is
simply amazing how this people
have bowed their necks and submit
ted TO the yoke imposed upon them
by the moneyed aristocracy Of this
and other countries. AS / said, ]
can only glance at the outline Of the
wrongs under which we have la
bored and struggled. No other ma
tion could have endured them; few
others would. The Democratic
party is solemnly pledged 10 change
the system, and we are now appeal
ing to the people here, in Ohio and
elsewhere, 20 sustain US in our
efforts.


WHAT ABOUT A REMEDY.


1t has been often said, and .ruly
said. that in its last analysis ali
wealth comes from the sweat Of the
poor mans brow, and II must never
be forgotten the government Is sim
ply a trustee pauper As such
its only power 20 obtain money Is by
taxation, direct or indirect; that in
a government like this-of the peo-
pie, by the people, for the people
it is gross injustice in the managers
of public affairs TO take the earnings
of the people and give them TO any
set Of men; that each man, subject
to the contribution of his fair share
according 20 his means, 70 the sup
port Of the government which pro
tects his life, liberty and property,
has a right TO keep and use as he
chooses all that he can make or pro
duce. When these things are con-
sidered and understood IL is impOs
sible for any man not connected
with some scheme 70 get advantage
Of his neighbors 70 be Radical or
indorse Radical policy. In the
course Of my official service have
seen, / will not say all, bat many, Of
Of the combinations Of wealth be-
seiging the committees Of Congress
and thronging the iobbies 70 obtain
further subsidies or prevent the rep
resentatiyes Of the people from de
priving them OF unjust advantages


fa - 49,. have heard tho