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THE DAILY CAIRO BULLETIN: SUM)AY MOUSING, AUGUST
want ol'mmny In the country, lmt for want
of employment, tin-only jut and trim inoilo
of ilititrilintiii,' nullify imwnjr tlio people.
The Itth'iRis and iiieclianiei must have em
ployment or they cannot nnvo money.
There wii as much money in the cmintiy
the next day after Jay Cooke failed, nnil tho
Northern Pacific railroad suspended, as
there was the day licMre just uh union in
volume ami just iw much in value.
The jfovoiiiinent increased the volnnio
fifty millioiiK I iv the reissue of retired Icpil
tender, hut it had no effect, it did not revive
the Industrie. The failure of Jay Cooke
and the suspension of the Northern Pacific
railroad caused a heavy loss to the holders
of the bonds of that corporation, and greatly
uffirted other securities and caused a
general distrust throughout the country.
It produced such h distrust in the country
that almost every railroad in course of oon-strni-tiiin
failed nt the same time. This
Ilocess! irilv caused the failure of many of
the largest foundries and rollinc nuns, ami
u suspension of many of the iron and coal
mines, and thus it continued until almost
every industry in the country was atl'ected
liy the failures. Hut for these failures we
would have no nrmv of tramps in this coun
try to-dav. What caused tlo failure of
JavCookc and the Northern Pacific railroad?
In the first place there was no demand for
the road, it was projected through n wild
erness, much of which was uninhaliit.ilde.
Hut the KepuMican administration at
Washington had Indorsed Jay C'ooke. He
had organized syndicates, and sold govern'
mcnt ootids, lie was pronounced hy the
KepuMican press the greatest patriot and
financier in tho land. The lionds were ad
vertised as the liest investment to he hail.
They were indorsed in editorials in leading
religions ami Republican papers. They
were for sale everywhere, not to the capital
ists, but to the middle classes. In hundreds
of instances savings bank deposits and gov
rninent bonds were converted into Northern
Pacific. Wherever willows' and orphans'
funds were found, there appeared to be an
agent near by to convince the holder of the
safety and profit of investing in the securi
ties "that were being kindly offered
to the dear people by the
patriot financier. The pension and lmunty
money of the soldiers were not allowed to
escape, and I have heard that a large por
tion of the reward money paid for the cap
ture of J. Wilkes Hooth," went in the same
way. When this great patriot had exhaust
ed these resources there was no avoiding
the failure. The real capitalists knew Jay
t'ooke. They knew his scheme was a wild
one. They doubted his financial ability
and knew that his patriotism wouid not
build the railroad and would not invest.
When the crash came it fell mainly upon
the middle classes and the lal Mirers.
The Republican congress is rcswinsili!e
fir tho law that authoriz -d tie; building of
this mad and the issue of these worthless
bonds, that have brought this panic upon
the industries of the country. Not satisfied
with allowing this corporation to issue these
bonds, they provided that it should lay
nothing but American steel and iron rails,
made exclusively from Amercan ores. Is it
any wonder that when this bubble burst,
tliat it shook the l.vlsir and producing in
terests of this coiiiitn- from center to cir
cumference? Tlefailu j of tin- Northern
Pacific is not the t nly c mse of th; tramps
imd hard times. For the last fifteen years
there has been going on in this country a
centralization of capital, aided and encour
aged at Washington and every state under
tie- control otthe Republican party. Some
will ask what evidence I have upon which to
found this charge? I answer: I see the
breach widening even- day between the
rich and the poor. I see the rich grow
inr i icher and the jioor growing jMorcr. I
K'l' the distinction In-tween the classes
urowintr ncrc manifest even day. I see
1 i" o:ic c'as iriinin.' political power every
day. I si' the other lessening. Twenty
years a'o the millionaires of this country
c.'iild li" counted i in the lingers of the hand.
They were the A -tors, of New York; the
(lirurds. of Philadelphia; the Lon;wiirths
of Cincinnati, and the Shaws, of St. Imis.
Their wealth was the result of years of savin;
and toil, aided by the increase in value of
real property, produced by the honest and
h'ulthy industry that surrounded them.
They were rich but not unduly influential,
who ever heard of an Astor lohy at Albany; a
(lir.ird loby at HarrWuirg; a
Longworth loby nt Columbus;
Sliaw loby r.t Jefferson City: or a
ciimbim-d loby of these millionaires nt
Washington. Their wealth was not the
product of combination and legislation, but
the result of individual sagacity and it need-
no legislative protection. To-day we
have millionaires by the hundreds. ' Any
one (if the states of the east or northwest
cm to-day count more millionaires than the
nation could twenty years ago. Their
wvalth does not come from honest indu-try,
nor fi'oni the increased value of real prop
erty, bought, held and carefully cared fa;
but from combination and favorable ieiris.
lution. They ure unduly influential ui:d
iow -rful politically influential. Their
lobbies are nt every State capital, and their
combine 1 lobbies lire at Washington. Their
wealth is the product of legislation, and
to legislation they look for protection, and
for increased power and wealth, liy the
aid of legislation they rob and plimdi r
eveiy industry of the country. They con
trol the legislation of the states and nation,
and if perchance a law is passed contrary to
theiif.vill and wishes thev blin k its enforce
ment and make It a dead letter upon the
statute books. They control legislali and
in some in-tances lnouM Jii.lW'i ;tl opinion.
The Supreme Court of the Cnit.d
States under the oil organization1
decided a law making greenback a legal
t wler unconstitutional. Thev demanded a
reorganization of tl. ,.nrt n",l( ,,.,.,,,,
reversal of that opinion. Thev demanded
the passage of the net of i Kiju declaring
all lionds of the United States payable in
the coin of the country. They d'emimded
the passage of the act of 1n;.', deiiionetiz
ing silver, which made the H.nd f ,'(.
union Males, iKitn nit-rest I principal I
payable in gold alone. These i.fs .,,..,
the demand for gold, increased the value nf I
the bonds In the hands of the holders, nnd I
diminished the power and ability ,',f ti,,,
nation to pay. It gave value to tin- l,,,,,,). I
holders, and burthens to the people. With i
all the wealth and n-soiirees of tie- nation. ;
with all its repeated pledges, whi, not u
single case of unpaid interest in gold
without a single case of protest against the
nations credit. Yet this proud republic nf
ount cannot to-day, sell bonds without the
aid of a syndicate, Onr proud Sherman
must go to New York (now that Jay Cooke
is gone) and ask permission of the "capital
ist tn put a loan upon the market. Every
week he is in New York consulting the
bankers, and not a wheel can be turned
without their consent. The government
created these banks, but it cannot control
them. It cannot say to them do this, nnd
they do it; but they can say tu tho govern
mcnt do this, mid the government does it.
The law that spoke the national banks into
existence was of no advantage to the poo.
pie. If the government could furnish the
liiink circulation to the banks it could sure
ly furnish the same amount of circulation
direct to tho people. It was of advantage
to tho capitalist, whose bonds were lying
quicily in his vault, to say to him bring your
$100,000 worth of bonds to Washington
and deposit them, and tho United States
treasury will pay you vour XI per cent, in
gold, and give you blinking powers and
furnish you with ijCM.OdO of circulation up
o:i which to do business. It is not the bus
iness of the government to furnish any man
with the means to make money, but simply
to protect the honest means' of every man.
Yet the government does furnish those who
have plenty of money with the means of
making more money. To those who have,
they give, but to those who have not, they
take away that which they seem to have.
The strongest argument ever made against
the old United States bank, was the politi
cal power of the banks. It was regarded
as dangerous to the rights of the people.
If the political influence of Nick Riddle
and his associates were dangerous to the
people, how much more dangerous to the
rights of the people must be the political
power of the present national bank. They
ure much greater in numbers and much
stronger in wealth.
Tho United States supreme court decided
the old United States bank act constitution
al, but President Jackson held to the rule
laid down by President Jefferson that the
supreme court could not bind the executive
by its decision, and Jackson held the ba.-.k
act dangerous to the people, and unconsti
tutional, and vetoed it. The friends of the
bank appealed to the peopl", but the people
sustaiiiid tho president and affirmed the
The lessons that have been taught the
people by the creation of corporations by
the congress of the United States are being
severely felt by the people, and will be lung
The failure of the Northern Pacific rail
road, with its train of disasters; the nation
al banks with their political and monied
powers; the Union P.ioitto, with its credit
mobilier, chartered and paid for by the
government, but ownod and controlhd by
the capitalist-politician. Jay Gould, whi
pockets the earnings, and graciously allows
the people to pay the interst nin th? hand
ed debt of the road, and the dd't of the
Inmn and Central Pacific roads and
hr inches, which amounts to $'.'-U''.,:!..l J.
upon which the government has paid an
minimi interest of '.77.:j!i'e!.20. amounting
in the aggregate to the sum of f I'.i.s'o.'Ui.l'.i..
Sd, making a total outlay by the govern
ment in IsuhIs and interest of the suin of
H4.4-")S,.pr)h(ii, furnih warnings to people, '
nnd expose to view the danger in this cla- j
Why should this government have built!
flics'! roads and g.vcn them to the conn 'ra
tions? If the building of a railroad to t!i
Pacific ocean was d'lnaiidod by national
interests, the i.nlion should own and control
it. especially wlicn the p'ople p;iy fur it.
Hut it is said the goveruni"iit is piotected,
but it is nut pr itected. The government
has performed its undertaking to the letter
and spirit of the law, and these corporation
are not performing theirs.
These vast corporations that have brought
wrong and ruin tn the. people are nil tne
work of Republican congresses, and if the
Democratic party was once the supplient
tool of the siave power, is not the R 'publi
can party to day the willing tool of corpor
ation, capita! and power?
The granting of corporate powers by tic
congress nf the United States is without
constitutional grant, a Usurpation of power,
and full of danger to the people.
The Republican and D nus ratic parties
seein to have continU"d the tight r 'l'n -.i
to by Mr. Lincoln in his liosti.ni letter, ui'til
the Democrats have gotten kick into tic
JcU'eisoiiian coat, and the R publicans d n
ned the Adams coat, and the Democrat
may now say "it is now no child's play to
save the principles of Jeff t.sou from total
overthrow in this nation."
There is yd another cans of di -tress
and oppression to the industries of this
( ouiiuy, Him noi oy nny in 'aus uie n"isi.
It is the bunded delit if the nation. It is
an admitted principle in political economy
that capital should be dependent upon the
industries of tho country for its earning
Then any act or law that release capital
from its (lependance upon the industries of
the country, inu-t of necessity be oppressive
to those industries.
Our bonded debt amounts to l,T!i.i.iiTT.
1H M.I. The capital invested in these bunds
are not dependant upon the industries ol i
t'n, ..iimtrv I'Veeltt lle.l flu. I In 1 n.t rii nl'l
the country must pay the interest, and
therefore oppress the industries. Capital
will not be idle. It is industrious, and i 1
find employment. It seeks safety nnd
The bunds of the United States have k en
paying li percent, in gold, and exempt from
taxation. The capital sought this invest
incut as the best and just in proportion, as
the investments were made just in that pro
portion was the capital of the countiy
withdrawn from its industries, and just so
long as the government sells bonds, just so
long will our industries languish.
The refunding of the 5-20 bonds into
four per cents, has opened a new field for
inves'ineiit, independent of the indus
tries, and millions are daily pour
ing into the treasury that' should
be retained for the industries and
all these millions do not furnish employ,
mcnt for a single laborer in this land.
Suppose the government stops the sale of
bonds and ceases to be a competitor of the
industries for the surplus money of the
country, what will be tie- result,' The cap
ital will not be idle. It will explore fields
of industry and make investments; it will
reopen our closed workshops ami mines; it
will expand and improve our agriculture: it
will stimulate our commerce, and free all
our down trodden and oppressed 'industries.
The tramps will surrender and rsturn M the
reopened workshops ami mines, and instead
of labor tramps in search of labor, we will
have the capital tramp InV-nreh of invest
ment and employment for his surplus mon
ey. Real estate will eoine n,n j,,),, t1(,
market; new farms will he opened: douses
and barns built, and villages, and cities will
' improve: and ymi may depend upon it, that
capital will never again return to the fields
j of industry for investment so long ns u can
iino so saie ti nt pramaiiic an investment as
government 4 percent, bonds free from all
taxation. The bonds of the United States
I all other property lu.s depreciated, and tho
depreciation in real estate alone, in this
country, is to-day greater than the entire
It is n well Mitt led law of trade, that that
which is driven from the market Is de
stroyed in value. The bonds of the United
States has driven, nnd is still driving, near
ly every other class of securities from the
Wo see from the reports from tlu treas
ury department that the sale of 4 per cent,
bonds amounts to nearly l,0iiil,()ilii per day,
or about f.'.i.OOO.OiiO per month, and this is
heralded forth daily us an evidence of great
financial prosperity and national credit. It
is evidence of high financial credit, to be
sure, but will it bring relief to this country,
where relief is so much needed? Will it re
vive the langishing industries of the coun
try? Will it open the workshops? Will it
start the rolling mills and foundries? Wilt
it open the mines, and stimulate agriculture
and commerce,' Surely not, so long us these
4 per cent lionds are being sold in this
The .VSO's that are to be redeemed liy
these sdes are mostly held ill Europe we
are not able to make the exchange in this
way. The drain is too great. If the
4 per cent, bonds could bo exchanged di
rectly for the 5-20's it would be a good
trade, or if they could be sold in Europe,
where the ."i-'.'O's are held, it would be well
enough; but they are not. Hut the friends
of tin.' funding bill say, "Are we not saving
2 per cent, interest by selling the 4 percent,
b inds and Using the proceeds to redeem the
S-Jn's. Ye. sir; we are."
They then say wo are saving $30,000,000
or more annually, and this is a great saving
to the people. Now, that depends entirely
If this can be done without injury to
some other interest, it should be done. If
it injures some oilier interest more than it
relieves in this, it should not be done.
Now, the accuinmula'ion of industry must
pay the bonded debt, interest and princi
pal. It is surely taxing the industry of the
country too much at this time, to pay the
interest and principal.
The surplus capital of the coiitry should
b.1 allowed to go into the industries until
they are revived and resuscitated.
The funding law is unjust to the people
nnd its immediate advantage is only to the
capitalist. It withdraws from the taxable
property of the States in proportion as the
loan is taken. The shrinkage in all other
projH'rty except United State bouds lias
made the tax on proivrty almost unbear
able, all over this countiy. Property that
a few years ago was considered valuable is
now being forfeited for taxes by the owners,
and mi long as there are bonds upon the mar
ket exempt from taxation, just so long will
the surplus money in the hands of the enpi
talist be withheld from all investments that
are suhj -ct to taxation.
If the exemption from taxation of United
Stat s kinds in times of war was justifiable,
it is not so in times of peace. "Hut," says
the R 'publican, "these bonds would not sell
if they were subject to taxation." That may
be so, and it might be better for the coun
try if they would not s-11; the real estate of
this countiy would again come into the
mat ki t. and it w.ni! I !!; and the invest
ment of capital in real property would be
followed by improvement of the property,
and the sound ,,f the carpenter's hammer
and the ring of the mason's trowel would
be beard again in our land.
The o.'.'O's wer" made payable at the op
tion of the government, after five years.
The 4 per cents my nut made piiyidile at
any specified time, but payable at the op
tion of tic goveniim nt alter 1II0T.
The option of t:i" government to redeem
the .V3il s is lost and sw allowed up in thi
It would be better for the government
and the p -op!c to stop tins new lonn at once,
create a sinking fund and pay off the 5 -2" '
bonds as f.i-t as money accumulates in the
treasury. Th people in this country will
nev.-r re-t until the national debt is placed .
in a coiire of llltitnat" extinction.
Toe 4 percent, bonds loi.k toil perpetual ,
debt. A national debt may be a national
bli'-ing to a monarchy but it is a national :
curs to a republic.
Mr. Lincoln, in his Gettysburg address, i
pimiouiiced this "A government of the pen- '
pie, by the people, nnd for the people." :
Under the rule of his successors it has been I
and now is a government of the capitalists,
by the capitalists, for the capitalist. And
now, let us make the resolve here to-night,
that ih ' government "of the people, by tic
people, for the people" shall be reinstated
to th" people and "shall not perish from the
Wo had at one time a law that taxed the
incomes of all who" income from trade,
business, investment or oilier soiieces, after
deducting lieee-sary expenses, exceeded oil'' i
tlioii-aiiildollars.imd fiom which the govern- j
iii'-nt derived annually n revenue of fr mi
eight t i l"n millionsof dollavs. This tax was
paidby the wealthy classes and rich corpora- j
Take for example the Mutual Life inur-
a it oiiipany. o .New l ork. the richest
life insurance company hi the world. It
had in its vaults probably if V).00li,(MMI in
United States bonds, say o-20's, bearing 0
per cent, interest in gold, payable .semi-annually.
At the end of the first six months
this wealthy corporation drew from the sub
treasury in 'New York I.oOO.OOO in gold.
This it con verted into greenback, receiving 10
percent, premium on gold and realized by
that transaction ijsl ill.OOO. This it loaned
at six per cent, for six months and made
),.iini more. At the end of the year the
company drew is,.io0.000 and converted
that into greenbacks and received
$l "iO.OIlO making the total earnings
from bonds for the year, $:.:i04.."iilil now
under the income law of H0i, this corpo
ration would have to pay the government
The Astor estate in New York had at the
same time ."i(i,(iiiii,Otio in real property
which realized about the same amount in
rents, and imid about the same income to
This law was repealed bv tho Republi
can congress, nnd this millionaire life in
surance company, and this millionaire
estate was both relieved from taxation by
tho government, and the government lost
by the transaction annually $iillO,2 IO and in
the liggragate probably ijn'o.lldll.lKIII.
This insurance did nut, after the repeal of
this law, pay one dollar of tax to any one
on account' of its it.iii,00i,0ill of bonds,
while the Astor estate continued to pay
heavy state and municipal taxes. Is it any
wonder that the bonds held by the insur
ance company wont up in tho market of
New York and the Astor estate went down?
The repe'd iif this tax d il Hot lessen the
taxes to be paid, it had 4o be raised from
some other source,
1 need Hot enumerate the sources from
which this released tux was made up, it is
hiilltieiit to say that it was not raised from
nnvsoui'co that burthened in the least the
weathy classes or corporations.
'lie" Democratic State platform has a
plak pronouncing in favor of reinncting
thil law, and to-day the Republicans are
dctounciiig that plank of our platform from
I had the pleasure of listening to Gdi.
lagan's speech at Carbondale. In that
sjeei'li ho charged that tho Democratic
p;ity was in favor of increased taxation,
aid in proof of his charge ho cited this
punk in the Democratic State platform,
11' said they wanted to levy a tax upon the
iii'onies and this was increased taxation. I
hive always entertained a very high regard
fir (ten. I.ogan, both for his physical cour
a;e and mental abilities, but I did feel on
tkis occasion that such an argument was
uiworthy of an ex-United States Senator,
(ten. I.ogan must know that he was guilty
nf perpetrating false logic upon his hearers.
Now, if the levying of a tax on a pnrtic
r.lar commodity increases the amount of
taxes to be raised, then the repeal of a law
taxing a particular commodity must lessen
tlie amount of tax to be raised. So we
might go on repealing the tax upon each
commodity until all were repealed and all
taxes wiped out and the government would
run of its own motion, mid Gen. Iogan
wvuld bo entitled to n patent for inventing
government perpetual motion.
Not satisfied with all that had been done
ii favor of capital, in 17;' the Republican
congress passed an act demonetizing silver,
and adopted what is denominated the single
or gold standard. We had what was known
as the double or silver and gold standard.
The bonded debt of the United States
has been created and was in full force un
der the double standard, and to be paid in
the standard coin of the country, silver or
gold, nt the option of the government.
We were paying at that time ninety to
one hundred millions annually in interest.
At tho timeof the passage of this act silver
and gold were being received for custom
dues. Greenbacks were at a discount and
were not receivable in payment of duties
on imports so that the merchant or importer
whose trade was based upon greenbacks,
was compelled to buy coin to pay duty on
his imports. Now the more coin there was in
tho country proportionate to the circulating
medium, greenbacks the chepear, he could
buy c in to pay his duties.
For the law of supply nnd demand was
the same in this case; as any other. The act
of l"sTJ demonetizing silver diminished the
supply of coin in the country and tended
to increase the price of gold or to prevent
its decline ill the market.
Wo were anxious to see specie payment
resumed, but the ad of 17: diminished our
ability to resume. 'It took from tin' gold
market its competitor, silver, and increased
the demand for gold justin proportion as it
withdrew silver. The act created the trade
dollar but desired legal tenders qualities,
notwithstanding it contained more pure
silver than the old standard dollar. Public
sentiment forced the repeal of this nefarious
law, but the repeal of the law was opposed
by the h ading Republicans in both houses
of congress by the president and secretary
of the treasury. The bill was vetoed by the
president but was passed over his Veto. It
was contended by the enemies nf this bill
that its passage would increase the price of
gold and lessen the value of the circulating
medium of the country. Yet during the
excitement attendant Umn the discussion of
the bill gold continued to decline and ha
continued to decline since the act became a
law, and the secretary of the treasury has
been forced to admit that the repealing net
had had a dilferent effect to what he had
expected and would greatly aid resumption.
Yet by unfriendly construction of the act
he has done all in his power to prevent the
civculation of silver and for a tine refus -d
to allow th-newly coined silver dollars to
go from the United States treasury for iinv
cause except th- exchange of gold, and his
'iiies. th-national banks, to aid bile in his
'I'.lit against a i'ver ciiciilation M'used to
receive foleigll silver coin (ill deposit except
a? ten per ("lit discount. And to-day the
national hink all over the conn ry are ad
vertising that tlcy will not receive the trade
dollar on deposit only for niivty cents on
the dollar, notwithstanding it contains more
pure silver than the standard dollar. The
po-tofiii-es will not take them for stamps.
The eu-tom house will not take them for
custom tin s. National banks and the secre
tary of the treasury have combined to pre
vent silver from coming into the circula
tion. This is all done to prevent practical
resumption through the force of trade. If
the secretary of the treasury and the na
tional banks had been friendly towards the
silver bill wo would have had
rstluptioii to-day without the aid
of a resumption act. The Gold Exchange
of New York would have been closed and
th" gold market a thing of the past, and
gold and silver iu as free circulation as
greenbacks and the national bank notes,
but the R publicans claim that their finan
cial legis a'ion has brought greenbacks to
nearly a par with gold. This is not so.
The industries of the country, notwith
standing their crippled condition, have
forced this near relation of greenbacks and
gold despite the adverse legislation of the
R publican Congress andt he extravagances
of the Republican administrations.
It is true the Republican party passed a
resumption act fixing aday for resumption,
and claim that near approach of the day
for resumption has increased tho value of
the greenback circulation. Hut the resump
tion as originally passed contemplated the
retirement of tho greenback circulation
and tho substitution therefor of gold as
tin; only legal tender circulation. The pres
ent congress, at its Inst session, changed the
law, and prevented the destruction of the
greenback circulation, and required the
secretary to reissue them and thereby pre
vented contraction, ami yet greenbacks
persistently mid stonily maintained their
value, showing conclusively that contrac
tion is not necessary to the establishment of
a specie basis, and to aj.aii. iring gold and
silver into the circulation, and thus give a
healthy expansion to the circulating medi
um of the country.
The Republican legislating of the
last ten years may be searched in vain to
liud one single act that looks to a return to
a specie basis by any other road than con
traction, the destruction of values and the
consequent depression of all industry of the
The people deiiinndod n chailgn in the
financial legislation at Washington and
they intend to have it. They intend that
the national legislation hereafter shall bo
by the people and for tho people.
The national bank act should be repealed
ami its ;t.)l,H(ll.4.i0 circulation be with
drawn and replaced with legal tender notes
and a corresponding numlicr of 5-20 bonds
redeemed. That no more government
bond shall bo sold. That the national
debt shall bo extinguished as rapidly ns the
interest of the people will permit. That
the capitol of this country shall bo depend
ent upon its industries for its earning power.
That the legislation shall favor labor in
stead of capital, That the will of monopo
lies shall end and that corporations shall bo
subservient to tho rule nf the people. That
economy shall govern in nil departments of
govi'i'iiient both State and National. That
the civiljulc shall ho supreme to the milita
ry interest of peace.
That the nation shall have charge of that
which is national and the States shall have
control of that w hich is local.
To whom shall the people look for these ,
reforms? There are in this oiintry two
well organized parties, just as there should
b", ami just as I hope there ever will be.
'I hey are essential to the, welfare of the re
public, Tho one keeps a close watch on
Civilization can only slice d by organi
zation, ami progress can only be sustained
and promoted through political organiza
tion. I do not sympathize with the off repented
cry that parties and men are all corrupt.
We would faro much better by listening to
open, manly discussion of principles. We
want to hear less of in -n and m ire of in as
nres. The Republican party has had control of
the government since lHn, It has fraiie'd
every policy of the government since that
time, and the people are now calling it to
mi account. It has promised relief to the
country, but has failed to give it; it has
promised economy and civil rvice reform,
hut it has multiplied offices and increased
the salaries. Its financial measures are but
repeated failures. The pretended friend of
the people, it has favored monopolies and
upheld extravagance. It has abandoned
the doctrines of its founders and the people
are deserting it.
Tho proud parly that once held sway in
every Northern State has not an uncontested
field to-day, even stern old .Massachusetts
stands in doubt, uid when no longer able
to defend it recent policies it turns discus
sion into dellUMciatiill. It cries war.
treason and rebellion to hide it- shame
in times of peace. They point to the
National capitol and say. look there
fourteen e.X-rebel officer ill th" Senate nnd
eighty in the hoijsc. They point to what
th se men did b 'fore they came but to no
ae: o dis r i lit sine; tlcir Minn. They
forge', to tell Us how these 1 tit-II got into
Congress, or that Alcotn and other, the
first cx-reb"ls that came to congress, took
s-ats upon the Republican sideof the hulls".
That Grant took Acki rinan into his cabinet
ami Mossy into bis confidence. That he
loved Wells and Aiideison and hat' d Sum
ner and Wilson. That he patted the rebels
that bowed to him 'ami d. -carded the p:
triots that dared maintain their independ
ence. They forget to tell US that the I4;h
amendment to the constitution of the United
States prov ided that no person shall be sen
ator, or repreiitative in congress, or elector
of president or vice-presideii, or hold any
oti'uv, civil or military, under the United
States or under any State, who having pre
viously taken an oath as member of con.
gross or an officer of the Unit -d Ststes, or
as a member of any State- Legislature, or as
an executive of'icer, or judicial officer of any
State, to support the constitution ( f the
United States shall have engaged in insur
rection or rebellion against the sim- or
given aid or comfort to tie; enemies thereof.
Hut congie-s may by a vote o' wi-'hrd
of each hous', remove Mien disability.
Now this amendment was adopted
by the States and win especi
ally adopted by every rob 1 Stat",
before admission back into the Union of
States, and thereby every rebel of promi
nence Was disbarred from holding otlic" in
State or nation, and a R 'publican congre.,
by a two-thirds vote, did r move those ih
bilities, and welcomed back into congress
these very ex-rebels w ho are now there, and
yet they complain of their coining. It there
is anything wrong in their being there, the
R 'publican party is to blame. The act
was a just and humane one, prompted by
good motives and I have no doubt accepted
in the same spirit. It should command si
lence until these men have broken faith
and dishonored their seats in congress.
The "irrepressible conflict" that once di
vided the free and the slave States litis dis
appeared Mr. Lincoln said in his celolnat
ed Springfield speech: "A house divided
agaiiit itself cannot stand, nor can thi-
country long exist half fi and half slave.
I do not expect the house to fall, nor do I
expect this country to be divided, but I do
expect it to become all free or all slave."
Thank God, it is all free to-day, and none
but freemen treads its soil, and shall we
continue to be divided; There is no real
cause of strife now betwe n the north and
s mth. Wo have had a terrible civil war, to
be sure, but ,we are all one people again
and must continue to be one people, not by
force of arms, but by love of country, or lose
the results of the War.
I stood ill Temple hall, in the city of St.
Louis, in lsi7."i, at the great commercial con
vention of that year. It was composed of
delegates from tho Northern and Southern
Gen. Sherman walked int i the hall and
was Invited to a seat upon the stn.ro, when
some one rose and slated that Gen. Joe
Johnson was present, and moved that lie he
invited to a seat upon the stage also. Tho
motion met with an unanimous second, and
when I saw the great mashiil of the inarch
to the sea, step to the center of the stage ill d
clasp the hand of his great rival in that
campaign, and saw the hearty shako that
each gave to the other, and heard the
mingled shout of patriot and rebel that
echoed and re-echoed through the hall, I
felt that the war was over. I thought it
was an example for nil the people brave
men can forget and forgive, but small
minds love crimination and recrimination,
and men of that calibre on both sides will
continue, to fight the war over and over
again, and never to be of any service to a
common country , Let lhese men rave, but
let the people think.
Let us take hold of the real issue and de
termine from reason and not from passion,
which party now offers the greatest good to
the greatest numbers. Let us not grasp at
shadows or contingencies for to merit suc
cess or immediate relief; but work for those
men and measures that will give permanent
relief to our languishing industries, restore
value to our homes and farms; that will les
sen the burdens nf taxation ; that w ill give
economy in government, state and national.
If this' be done tho Democrats will have
both houses of the next congress, and the
president in 18H0, by such a majority that
no attempt will ho miido to steal tho presi
dency from the people.
TVV "I) A TIC!
Ohio Levee ami ' '
PHY (.oops. nr.
(jOLi 'STINK Ar
The largest wholesale ami ret ail Iny
Gixls nnd Clothing House in this ( ity;
are receiving new Goods daily mill al e
otl'eriiig great bargain in the most hand
some lines of CAKI'KTS, OIL ( I.GTIIS
and MATTIMiS; Silks, Cashineres, ,ou
retfes, and a great many other new
styles of Dress Good. Fans, Ktc. : in
fact in every department of their bui
iie. they cordially invite the public
to call and see their stock.
T"K CITY NATIONAL DANK.
CAPITA L. 8 1 00.000
W. I'. IIAI.I.IIIW. I'rol.t.Tt.
11 !. II U.I.IHW. VI-.. ,"ri,ii, in.
WALTJ.it IIYsl.oI'. ( n.,i.-r.
. fTAAT TAVI.OII. . P. IIAU.tlnV.
III.MIV I.. II A l.l.l IA V, II. II. 1 I '.MVI.IIAM.
U. II. ttlLUAK'UN, rTM'III.S Hillll,
II. II. rAMltt.
Exchniiffc, Coin and United. Stales IlomN
flUl'l.HT AND sajLD.
H"tilt reci'lvi'il uinl n u" nrral tuii.klm; tii.lni'
C 111 1 111 li ll.
LKXANDEli COUNTY HANK,
Coiiiinercial Avenue and Eighth Siruet,
K. JtlfOKH. I'ri"!llelit.
I. N KKK. Vlri'-l'n-ie.i'iit.
II. WKl.l.S. ( in.,. r.
T.J. KEKTII. A"IMnnt fa-lil r.
F llro. Calm! wr.ll ini Klni'". Cnlrii;
J''i-r Ni'lL ( iilni; llllinii Well. ( nlm:
(', M. (islerliih, It. I. Iliilliitf'lcy. si. Leiiln;
V.. llmVr. ( iilru; J. Y. I kn.rnii. l ulriiniiiu.
4 (iKNKH.U. HANK I Mi M'SlNKss jhiNK. Kx
1 V rlllill'.'i' "lil'l llllil linlljlil. Ilitere-I imlil III lie'
SiivIii'm lemrlini'iit. i i ! lie I ii in " tinuk' unit nil
liiiliiep. iriiiniily iitli'iiili il in.
JNTEKPMSE SAVINGS HANK",
Chartered Ma rill 111, llli'ill.
0FVIC. IX CITY NATIONAL HANK,
('ill en, lllinol.
INTKNEsTimlil on i1i-poi.li- Miirrti 1M ninl Sep.
li'inliiT lt. Iiiti'i'i't nut withdrawn l ud"'d On-
illnli'ly In tla irlnrlnil nf lliu ilemlts. Il.en liy
Klvlun I lie Ml culilpiillllil llllel'ot.
f Children ami nisri lcil wnnn'ii may ili'pnutt
nmnoy ami m inn-'l?t ciin draw It.
WALTER 1IYSLOP. TnK.si ui.n.
IlYKINtf AMI ItKNiiVATIWi.
yoUll OLD CLOTHES
CAN UK IIKAITim.l.Y
DYED on jkpaiim:d
'At ft Tiilllnir Kipi'iin c. (i. I).
CHAS. SHELLEY, NO. J)0( EIGHTH ST.
t3T Lndlef nl Ounli' old bitt niudo titw,...