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BATM OF ADVIBTIIIMO. ihtt iinrt Insertion. - tlim- 1 ... 1 fa i Oftc 'Hie wjuare, or lr, our Irfion $ I 2- Kaclt uWjuit iiuxrrtioii , .hi Muwr e time, daily werfcly.. 1 7' AWKKS8. j J. WIIT GOODWI. DONT FREEZE AS YOU CAN BUY: i',tA Cotton Flannel at oc per yd. KJ All Wool Flannel at 15, 2) and 25c per yd. CJray Flannel at 15 aud 30c per yd. Nary Blue Waterproof at 60c, worth 80 c per yd. I,iiW Ff It Skirt at 50c apiece. Large lot of Merino Hone, colored, 10c per pair. All Wool Yarn, CO: per lb. ALSO, CLOAKS. CLOAKS. CLOAKS. For $2.50, $3.00, $5,00 and $10.00, worth double the money. White Blankets ! White Blankets ! 500 pairs at $100 per pair. 250 Comforts at $1.00, $1.50 and $2.00. Ladieit' Shoe, in front, aide lace and button far cheaper than can be had else where. MenV Boot, $1.75, $300. $2.50 aud $3.00. Boys' Boot in proportion. Do not forget us on Clothing, as we have made immense reductiona. No trouble to show good?. Call early and avoid the rush. BED STORE. 10 6-fcm-3m TELEGRAPH BrjxtrUdby Trans-Muuiuippi Astocialed Prat A Terrible Outrage in Indiana. Seven Negroes Ravish Women. Four A Mob Take Four out of Jail and Hang Them. A Terrible Panic in an English Theatre. Evansville, Ind., Oct 12. Monday wight seven negroes entered a house of ill-fame at Mt. Vernon, eighteen miles distant, aud by threats aud violence succeeded in ravishing four white women living there. Four of the ne groes were arrested night before last. Deputy SheriffsThomas and Hays went to the residence of Dan Harrison, father of one of the three missing ones, to make the arrest of his son Dan. Harrison resisted the entrance to the house, acd shot Deputy Thomas kill ing him instantly. Deputy Hays shot the old man, shattering his arm. The news spread rapidly and soon a mob ot several hundred men had surround ed the jail where old man Harrison had been taken to keep company with the four prisoners incarcerated. The jail is very insecure and the mob sur rounded it to prevent the prisoners from being brought to this city for safe keeping. Hearing the militia had been ordered from Evansvlile, the 9:20 moraine train west was stopped by the mob this side of Mt. Vernon and searched. Finding no soldiers, the train wa3 permitted to pass on. The crowd around the jail increased in pro portion toward night. The telegraph operator was run out of his office at 9:30 p. in. About one hundred men in long black masks proceeded to the jail at one o'clock, took the four pris oner arrested on Tuesday and hung lum in ha taail T-flrrt I hp niUll Harrison was cut to pieces and thrown , i. x. . aown a privy vauiu --vuer pei pen it ting this horrible deed the mob dis persed and the streets are now de- serted. A Fatal Panic. Liverpool. Oct 12. It is stated there were between four and five thou sand persons in the Collnseum theatre last night at the time of the fatal panic It appears that one performer was singing comic songs when a free fight commenced. The alarm of fire was raised, and there was a general stampede for the box office entrance, though there are said to be five doors open for the egress of the audience. The police inside and outside of the theatre vainly endeavored to control the frantic crowd. The rtructure of the theatre at the point where the crash occurred is intricate and the ex its converge into a narrow well, and it was in this well that suffocation took place and the dead were piled six and seven bodies deep. An upright par tition in the centre of the doorway, stopped the passage until one ot the men attached to the theatre cut it away, .enabling some of the imprisoned peo ple to escape. A scene of the great- - - . M-J . J I L - est excitement prevaueu ouume oi mc theatre, before the engines and fire es capes had arrived and the firemen join ing the police entered the building to reassure the people. The manager of the theatre, upon the first alarm, rushed into the pit from the entrance .and shoe ted to the people to remain quiet, bat all his eforta were iaeffec tual aatil the theatre was nearly cleared. When the dead and injured had been carried to the Boyal Infirma jy.it was found that two of the dead were women, three boys and thirty two atiaar. aMe-Jbbdjed men of the la- Sedalia VOLUME. X THE ISSUE. ' Clear and Logical Present tionof Financial Truths. The Leaaoni 01 Hlltory On Jfiat Money The Need of an Unchanging Standard of Value. - m mm. The Laboring Claaa and Their Wagee a Warning Against the Fiat Madneaa. Speech of Stewart L. Woo.lfbnl. . ew I otK hi jacKson, -u.c..., oep , tern be r 27 1878, Citizens of Michigan : All across the continent, from my home by the fair Atlantic to the slopes of the Rocky Mountains, meu are discussing to-day the questions ot work, and wages and mouey. These questions are here. Parties do not make them. Parties can not eet rid of them, I fancy that a good many politicians on both sides would like to. Laughter, and a voice: "That's so."l But they are here, and must be answered, whether we will or no. These questions face the working man, who labors that he may get bread. They face the farmer, with hands to till and crops to sell. They face every man, who has saved some thing of what he earned yesterday, and has got that something in his hands to-day. They face the rich and the poor alike. Arid the interest of the honest laborer aud the 'jonest capitalist in the settlement of those questions is precisely the same. Ap plause. Labor and capital are not, as dema gogies falsely teach, natural and nec essary enemies, in this free land of ours. No man can get work unless there is somebody able to hire him. No man can get labor unless there is somebody who understands how to work and is willing to work, Ap plause. And, therefore, capital and labor are and roust be partners in oust ness. The one can not get along ; without the other. Being partners in business, they ought to be friends, ap plause. Any man or party seeking to array capital against labor, or labor against capital, does a wrong to prop erty on the one hand and labor on the other. Applause. The difference between the capitalist and the man who is not a capitalist is, after all. very slight Jf I earn 31 and spend 95 cents, I am a capitalist to the extent ot 5 cents. If I earn 81 and spend SI 10, 1 am a spendthrift to the extent or w cents, auu i win winu up in the jail or the poor house, even though I join the Greenback party. fLauirhter and applause.l A voice. You are all greenbacks. straight on Gov. Woodford. No mistake about it ; so thoroughly straight that I want to make the dollar that labor earns as good as the dollar which the bond holder gets. Great applause. 1 am so straight on the greenback question that I do not propose to help a dis honest rich man to rob an honest work ingman by a paper dollar that does not mean a dollar every time. Loua anu m a lone applause. A voice. That ain't no explanation at all. Another voice, I don't think the gentleman ought to lie interrupted or the meeting disturbed. Gov. Woodford. It is no disturb ance, for it does not at all disturb me. I have come, and not to call hard money men, but Greenbackers, to re pentance. Applause. And if they will only listen patiently, and do not talk more than half the time, I will try to convince and convert them be fore the oieeting is out Laughter and applause. LABOR AND WAGES. Now gentlemen, I go back to the proposition that labor and capital are, and ought to be friends. I .would that rich and poor might thus believe. Applause. The next matter that I wish to discuss with you is this: It there is labor, it must have wages. I ! can not w-ork and get bread to eat, and '. oliitltinT for mv family, and shelter lor clothing for my family, and shelter for my wife and children, unless 1 eam and get wages. How shall these wa ges be paid? We must for this purpose use money. In the first days of any new com munity it is possible to deal and trade on the principle of barter or exchange. The farmer can take his eggs into the country store, and the farmer's wife her butter, and the coffee and sugar can be measured out, and calico measured off. The produce of the farm can be left at the store, and the farmer can take away what the storekeeper has to sell that he wants. But you can not always conduct the affairs of a great organized society in that way. You must have money, that labor may be settled with every Saturday night You must have money that the storekeeper can be settled with. It takes money for the trader to go to Detroit and Chicago and buy his goods. It takes money to travel on the railway. Jt takes money to settle the exchanges of the bank. In the conduct of business affairs you must use something which men call money. lApp!ause.J NOW, WHAT IS MONEY? If I were asked to give a definition that should be clear to ray own mind, and that 1 think will make it most clear to vours, I should define money as being a measure ot value. Let ne go into a little detail to explain what I mean by this. You use a yard-stick to measure length. You say piece of cloth is so many yards long. You use a pound to measure weight You say of a man, he weighs so maay pounds. You use a bushel to measure quantity. xou say or grain, mere are so maay bushels of wheat or corn. Yoa aav of apieatof land, it is worth so saaj SEDALIA. dollars of a day's labor, it is worth a dollar and a half, or two dollars, or whatever the price way be. When ever you come to estimate or measure . the value of au article, vou use monev a . - a k. r Avotd "I j ' Now. what is the first necessity of! anv measure? Why. of course, that, m - . mm m the measure lUselt shall le stable. It'onniaarm tilletl witn pHper money i not only does the thing measured 1 t ban ve. hut that which vou measure i l.f tli IifitiM vnu novor lctinar ' where vou are. A vard stick that! should lie thirtv-seveu inches wne dav iand thirty-six the next, ami j thim'-five the next, would be sure to 1 .LnAf.1v uaii1I a tint V V A vv . cheat somebody, would it not ? Ap- P ujj cheat either the seller or A j, that ghouW made of India rubber, which you could stuff one day aud stretch, and fill the next day without stretching, and which the third day should shrink, would certainly cheat somebody, would it not? Either the man that sold or the man the bought? Ap plause. A voice. Yes. Gov. Woodford. Then the first condition of mouey is that, as far as possible, it shall always have the same relative value. That your yardstick shall be thirty-six inches long the year round, and jrour bushel always a bushel, no more and no less; aud your dollar always a dollar, no more aud no less. Applause. GOLD AND SlLVEIt. In all the ages men, looking around for what they should make money of, nave oy common consent generally elected gold and silver as being the articles that change less than anything else in the world. Not that they re main always the same. There is noth ing in human life that does. But gold and silver are nearer ot the same value years after years, generation atter generation, than any other sub stances the world knows. Applause. Other metal rust. The rust that eats iron never eats gold. The rust that gangrenes and corrodes copper never eats gold aud silver. You may bury gold and silver in the earth for 100 years, and when you dig them up the most oeucate cncmicai lesi naruiy shows any appreciable change in quan tity. Applause. lhese metals have another element of value as money. All through the ages of the world men have desired gold and silver. Abraham bough a burial lot thousands of years ago, aid for it in shekels of silver. The vessels of the Temple were of gold. There is no land so savage that its in habitants do not like gold; even my Greenback brother would not object having a pocket full of it A pplause and laughter. It has more value than shingles. It is worth more than paper, unless the paper will bring gold when the paper is presented. Ap plause. Gold and silver will always and everwhere buy something. You may taka your greenback to Guina. If the Chinaman does not read your lauguage, you may offer it to him for tea, orcofce, or flour, or calico, and he will look at you in dumb amazement To him it would he noth ing but a piece of paper. But the Chinaman would take your gold aud silver and weigh them, and be glad to get them, and give you anything that he had in exchange. Applause. You may take your gold and silver aud go the wide world over, and there is value iu them, because men like them and want them more than any thing else. Gold and silver will buy every thing that there is to sell. So it is not the law of the American Congress that gives value to gold and silver, but the gold and silver have absolute value in themselves. I hey are good without law and in spite of law ; either with law or against law. 1 Applause. FIAT MONEY AND ITS PURCIIASIXCS rowER But what gives value to that which mv friends call "fiat monev ?" Let me try to state this thing fairly. Fiat money is not a promise to pay any thing' Because, as I understand my Greenback brother, he never pnqiosed to have the new "fiat" greenback re deemed in any thing. It is to he simply and only "fiat" money. Gov ernment is to sav. "This is a dollar." And that is to be the seal and stamp of its value. Now, I will admit, if the Constitu tion authorized the issue ot such money (which, for one, I do not believe), there is a certain kind ot value you can give it. You might write upon a piece of paper, "This is one dollar. This shall pay one dollar's debt." Then' if vou can get hold of it after it is printed, you can use it dollar's debt to pay that Here let me ask you this simple question : Can you make anybody sell you anything else for it? Pray turn mat over in your nuou. x ou can print upon a greenback the power to pav a past debt. Yon can not give it the purchasing power to buy anything for to-morrow. Applause, and cries of "That's so." Another voice. ''That's the point." Gov. Woodford. "IT there is no sure ami aosoiuie vaiue in it to buv with, if it have no sure purchasing power, what earthly good Will ll UU JUU IV mj JCSICIUSJ s UCUl if it will not buv bread for to morrow ? Applause. But you may rely, as it possesses the power to pay debts, the men who have debts to pay will be glad to take it for what they have got to sell, and so settle their old debts. You might possibly thus clothe it with the authority to settle old debts. But when you bad even got that, the ques tion of bread, and work, and wages for to-morrow still remains. .The question of to-morrow remains. The man whom you cheated by it yesterday will want either more of it or aoae of it to-morrow. Appkaee. If he took it all, he would want more af km Weekly Bazoo. MISSOURI TUESDAY celling price. Prices would in that " event rise. New issues would have to be put out and the ability of tin ,11 . l - . I dollar to purchase would constantly be destroyed, utitil at lat vou would nl ft It a nni m mZm r. al ! t 1 ! t 1 it. ! the times of the revolution, when a' man went to market with his liakei rll 1 I aud came home with his dinner Docket. rAniilause.l in Yon mil nut lM-rnifliiPilt I v clr.fhn I that which is nothing with the j)ower ot something. Prav, think this over tor a moment. Uan you put ujnn a piece of paper, "This is a bushel of. wirn W arw1 ni i L t r o IiiiIiaI nf Kitrn V I of corn avi aa aaa iuuni a wiava Can vou write upon a piece of jiaoer. I "This is a house," and thereby make' it a house? Can you write 'upon a iiIpw nf twwr. "This i u diiHnr" ami i make it a dollar ? The whole thing ciphers down to this little proposition You can not make something out of; nothing . a and keen it something for ever. This is the whole oi the riddle. Long applause. You are trying no new thing with this attempt to make fiat money. It I 4 . itas been tried over and over azaiu. But you insist on trying it once more, hoping that the measles will not prove the measles, now, just as they did a hundred years ago. Applause and laughter.J A TABTAK EXAMI'LIl There was a traveler, one Marco Polo, who went to Tartarv. Here a dozen men or so noisily and angrily left the hall. Uov. oodlord resumed good naturedly : l am a mite pieasou wim mat movement toward the door. The first symptom of a bewildered head is al-j ways to go out and get the air. j laughter and applause. J.ut 1 have. not the slightest doubt hut that rtHprinting-ni ess vou can gel rich. You turning good sense Will Steady their. nerves, and will see them straggling back before the meeting is over. lie-'so:,,, bubbfe, or a piece of paper, vou newed applause and laughter. ! cancel rich. You can not. There is Marco Polo visited Tartary some i jUt one way to get iiioiipv, and that centuries ago, and in the account uffe to work ffir it. 'here is but one . ... i.r..l .1 .1. I. .1 . . . . me wonuenui uiinirs uiai nesaw mere, i he gave this mica Kiouuenui aiaic- l r..l ment: He said that there was a ruler fr Work. Ami every attempt to un named Khublai, who was the Khanolij,, x.g at ,j,:"lt was written at Tartary, who had invented a most j creation's hour will onlv recoil with wonderful thing. He made money i terrible effect upon the men who at by having the officers of his treasury temnl it. Applause. write the amount ot the money on j I am not here to plead for the 'a little pieces of paper ami seal them . tional Banks. The National Banks with wax, in the name ot the empire, Then he made every man who had , gold, silver, or jewels, or anything to sell, take these pieces of paper in pay ment therefor. Now, the Khan of Tartary was wiser in his day than even my Greenback friends are now. For he had this additional law : That if auv man refused to take the nieces of paper he generously cut the skeptics throat. (Laughter. J .miw, the fvhan, j holder. Great applause. by this gentle process of throat-cutting kept thSe bits of paper afloat as longjT1,K oxstititio.v am. the okeen as he lived. But when he died what i hacks. was the result? The jewels of ,he empire were in a strong enest oi i ne Khan, and the people, who had the,. jewels before, now had only I. .1 I -. i nail uun uic inn ui.i paper. iKaugnicri. u nen me ivnan WW a . l t a died the mouey died also, and there was bankruptcy even in Tartary. Hearty applause. JOHN LAW'S SCHEME. There was Louis, of France, the spendthrift, the Bourbon monarch, who got so deeply iu debt that he invented a national party for his own accommodation. He got for his helper and adviser one John Law, ot Scotland, himself a libertine, fleeing from punishment in England. Law came to France and devised a scheme of paper money.. He pledged for its security all the great tracts which the French King then owned in the Miss issippi Valley. He backed his money with these Mississippi lands. Then these twin patentees of the idea of the national party laughter printed paper monev, and they made it ine' law of France that it should pav all debts, and that everv man should take it in payment of debt They started ne ifi in l 1 1 15 LJi csa caiiu arvucaa a,aii money. There ought to have been prosperity, according to the National idea. Prices indeed rose. There was inflation. For a few years everything seemed to be going well. Prices mounted to the skies. These were good times. They printed more. By and by men began to hesitate about selling ; and prices went still higher. And the king printed more. Prices kept growing higher, and the King priuted more. By and by the very bakers and butchers in Paris refused to take the stuff for meat and bread. The bubble broke, and France was bankrupt Long laughter. What was the result? Who was hurt? The rich were not And j why ? Because as fast as the rich man got the paper money he bought more land, he bought more houses. He paid it for labor. He got rid of it. And the result was that when the bubble broke the laboring men of France had everv dollar of the worth less money, and the rich men of France had every pound and every square foot of valuable property in the kingdom. Deep silence, followed by long applause. Then what other result came, sadly but surely after? The Reign of Terror! Louis' grandson came to the block, and the streets of Paris ran with blood. There has been another instance of paper mouev. Alter ine mob had am. . a taken possession of the r reach Gov eminent, during what is known as the "lieign of Terror, they again devised a scheme for naper monev. Thev printed it hv the million, and agaia for a little while there was prosperity. Again prices rose, again men thought they were rich, because their farms were worth millions of francs. But the property had not changed. The yardstick had shortened. The bushel had grown smaller. And the franc would not bay as much. It took 10 francs to do the work jof one. And fey and by, 100 fiaacs. Aad thea'iag and borrowing. The idea of lend- MORNING. OCTOBER what was the end ? The street f Paris Mere again running with blood. The workiugimiii of i-ianee wen literally j . . 1.11. f 1 1 II iarviug. ami iiiencneM again mm an Ine pmiierty. The poor had onlv the 1 Ik'il kAUf It a att V till ! Ila 1 ,. , ..v. .,... .npj. , m, wi.u c t.uuiu piun.i' W. ....... mm-..1.1 at. '. tii'iu-JMul millions 'StltHkWe we could oi tnesereennacKs. distribute them nil - - it throil"ll Voiir runilHUIIItV, ;unpise thai with them f.r a whiles you c-mldj K!,,s.v lnjerly aud pay debt. There is. eurinji v.uiieiu inem, u uie are 'never to ih rciieemeu. 11 mere is ,i',',i,h,p helium them hut paper, there v,,, heat u.e a.t no value in them. A pplause. There wines a time, 'lay. ?n will distrust; them. And jut as fa?t as the day ofj distrust comes, prices will rise, and it will take more aud more to buv bread. The man that has property will pay them to the mail that has not. The 1. mm. .11 1. -m. mm .... v " "-" pri-pen m n; nunc, ai.t when the end comes the poor man will have all the worthless stuff. He will starve Kith his rockets full. An 1 J I on s'tHitlPiiiPii who :irn ilrP:tminr that vuu can legislate prosperity by legislating a lie, and then calling it money, at the last will have this suite of things. The rich will be richer, and the jionr will he poorer. The only men who can lie ireiietited by this s-eheme of money that is u.it money are the gambler on the onoide iii.il the spendthrift on the other. Ap plause. Gentlemen. I have come to preach ctt- doctrine to vou. I have not t.nmi. t tell vou that by holding political meetings vou can "get rich, yllU , ,mt. I i,a"ve not come to tell Voti that bv turning the crank of the ,,.it f h:iv nut pome lo tell vou that bv nriniiiiza lie iiinui a shingle, or a wav t., .,et r., :tmi that is to save MHiieUon" ot l ie waves that vou earn ip.,,, tajjU f themselves. I am l,.. to iilid for the rich man. The rich man can take care of him self. I am not here to plead for the bondholder. The landholder can take care of himself. But I am here to plead that the man who from earlv dawn till evening late works for wages, shall nave a dollar that is just aa a i . las as lMe dollar of as the dollar of the Imhiii- x a fcw mnrc Mr. . frnlltlv nrftM.nlwi ami ... ,,",., ,lf tliv.(;rinn. - " - --- me. ikick iintiner in :ik oiiu.mmi. , . .i . . t. i- i.- to ask as he gees along with me. two the give or three questions. rirt, does tion of vour country Constitu vou the ri;ht to print new greenbacks in time of cac! A voice. Yes. Gov. Woodford. Well. I am glad you .-aid that, my friend. Laughter. Because, if you are right, I shall have learned something by coming to Jack sou. Aud if you are wrong, 1 shall have taught vou something. one or the other is going to be bettered. Laughter. Now, such au exchange of ideas and information is not infla tion. Applause. I will try to give my inquiring friend the gold dollar of a. constitutional truth in return for his greenback answer. "Laughter and applause. There arc iust two clauses in the Constitution which relate to the ques- , tion of mouev. There are only two. i Ouc of tbese savs, "Congress shall i have nower to ceiu money." The vaiiiii iii-ii nullum? the Constitn tion were either used according to their meaning, or they were not. Now, the word coin does not mean print, and the word print does not mean coin. When the Constitution says Congress can coin money, that money matt Ite made out of something that can lie coined. Aud that is metal. Youror'ti metal. You print paper. You coin gold and silver money. You print green oacKs. oo Hearty applause. A voice. What . 1 i . much for that. does that word that out. Con iower to coin to mean? You left cress shall have the monev. I hat means to make. sir. Gov. Woodford. Well.no; it means this : You have got the power to sit in that seat The word is a little one which designates that the verb is in a certain tense. I sit You sit He sits, lo sit. Great laughter and cheers. The same voice, liut why did you not put that word in first ? Gov. Woodford. Well, I will tell you why. You are a clear-headed sort of a man, and 1 was probably provi dentially induced to omit the word, if I really did omit it, so that I might convert vou at last Laughter and applause. lhen there is another clause in the Constitution which possibly re- lates to paper monev also. The states, under the constitution, are forbidden "to emit bills of credit." And the Courts have decided that the restriction on the State permits that power to the General Government. So that Congress may issue, a bill of credit. The word emit means to issue, to put out Congress may emit bills of credit Now, a bill of credit is not fiat monev. The idea of fiat money is : "That is dollar any way." The word credit means cither that if I give you credit I loan you something, or if you give me credit yoa loan me soaaethina; The word 1 credit involves ..the idea of lend 15, IS7S. iog involves the idcaof payment. plaue. I give you u note. When that note J It t " . 1 iaus due. you cme m me ami uy : i4I would like pay for rav note." "Oh, . no ; I have joined the National party. J ' I will provide ome little private fiat at v 1 ! ik a. I t I k, a t ?. iim I lki a ' greenbacks of mv own. Aud sol write upoti a ptec; oi patter, ints is a att hundred dollars." I baud it to you. The man who has nothing to sell but You say, "No, I had rather have the UU labor cannot afford to cheat hira huudred dollars themselves." You self by ccUin" kid wages, f Applause. may put one note in, two notes, ten notes ; one link, two links, ten links ; to the end you come at hist. If you never pay the note, it will lie at last worth just nothing. No more, Applause. ihe idea that a promise is the samej as performance, seriously, is the whole; idea of the National party. Great ap- plausc. i rrvr unn.ivi- 1 1 IAT K1,,,,NO- Let me further illustrate. You fall in love with a very pretty girl. You spend a good deal oi time in courting her. By aud by you ask her if she will ; marry you ; and she makes you glad by her sweet "Yes." You reply, "When?" and the happy day is fixed. ' When the wedding day conies, you go J to claim your bride. But no. your' maiden fair replies : "Oh, no ; I have joined the Natioual party. Great laughter. And as long as you believe second promise every greenback has ray promise is just as good as the real-1 changed hands from 'that hour to this, ization. ami that courtship is as good Applause. The dollar that you as marriage, only think you have your earned for your work yesterday came wife, and you have her." Great, to you witli the pledge of the Govern laughter and prolonged applause. nient written across it. Applause. Only print on paper, "That is a That Government greenback, with dollar," and hold on to the paper, and f that premise on it, will buy within as long as it does you as much good one-half cent on the dollar all that the as coin would do, why. you are per- beSt gold or silver dollar in the land fectly happy. But it is not a dollar, 'could buy. (Applause.) Because we Applause. made the promise, men have believed Take a greenback and read it. The' that this great Government would not United States will pay "one dollar,"' He. (Applause.) Because, men thus "two dollars," or five dollars." lielieved has the greenback thuscome to What gives the. greenback value ?'go!d. (Cheers.) Do I trust to-mor-It is onlv the note of the Government, row the men who lie tome to-dav? a t at k - . . just as mine would ne it made by me. just as mine would ne it made by me, and yours if made by you. What gives a promise value? Just two things :' The ability and inclination of the j maker. Just follow that thought out There are only two things that give a promise value ability and inclination. You give me a note for $100. What makes that note good? First, your ability to pay it, and, second, your inclination to pay it. Aud if I trust your ability and your inclination, then I believe that note to be good. I trust you, and pay it over to somebody else, aud he takes it, still ou trust. You may be able to pay, and not willing. If you be able to pay, and not willing. If you are. then your note is at just this discount : I must take off what it would cost me to collect that note. You have given me that note for -31 00. You are perfectly able to pay it. but you do not wish to. That is the trouble with the Nationals. Applause. They do not want to pay these greenback notes at all. fLanghter. The note is worth just as much less than $100 as it will cost me to hire a lawyer and collect that note, and make the money out of it. Js. not this so .' loti may be willing and not able. And then your note is net worth $100, because I must wait until you are able before you can pay it o there are just two things that give a note value : The ability of the maker and the willing ness of the maker to keep his promise. Applause. Why is the greenback so near to coin ? There was au hour when it took $285 in greenbacks to buv $100 in gold. What did that mean? The greenback was the same then that it is now. There was the same paper in it, and the same engraving on it, the same printing on it, that there is now. But it took $285 of it to buy $100 in gold. Why ? - Because the people who held the gold doubted the ability of the Government to pay its notes, and the doubt, measured in dol lars and cents, was $185. That Is, this man had $100 in gold, and that man had $285 in greenbacks. Now, if this man had believed those green backs would surely and speedly be re deemed in coin, he would have given bis $100 in gold for $100 in green backs. He did not believe it, and it took the difference of $18d to measure that doubt. Great applause. If a man comes to you, whose credit j is perfectly good, to borrow money, he can get it at G per cent, when a man whose credit is bad cannot get it at 10 : per cent, or 20 per cent, perhaps not I at all. That Is the whole story. I r . .1 ;.l . I. " . it ine same nun ine vjoveruiueui that it Ls with the individual. The Government said, the ieopIe said, we will pay the greenbacks ; we are able, and some dav we will do it. And what was the result? Men trusted the Gov ernment Faith went up steadily. The value of the greenback went up steadily. Step by step, through the breakers, througc the quicksands, through suffering, through privation, through doubt, through everything, we kept on our way, saying, "We will keep the promise, and we will pay that greenback" long and loud applause. and now the greenback is worth within one-half a cent on a dollar of the coin it promises to pay. Applause. What do you want to do ? You have gone through three, four, five years of suffering. You have labored; you have waited. You are now right on the edge of the promised land. Because youad nam times yesterday you want to turn back and have it all over again. Applause. A voice Thais it This thought should have weight with honest Greenbackers, honest Dem ocrats, and honest Republicans. We have endured all the necessary suffer- in:. Let us now reap our just reward. There are two things that always go together. These are labor and honesty. Applanse. A lazy ifn is very apt to be a dishonest man. An industricus maa is generally apt to be aa honest one. The maa who earns his bread by work is the best kind of a specie resumptionist, for be pays labor NUMBER 20. ("An-'every time for the bread he eats. (.treat applause. I am not willinir that he should cheat himself bva false tit r . . - n "t uoiiar. Applause, j ine only man that would make mouev out of intia- lion are the sjteculators and gamblers. Anpluuse and cries of approval. The I. men who would lose money are the honest workinmeii ot the mm . country. , tue man wno t is simply afford betting on to have a speculations can swimiumr currency, tor ne can matte i i i monev by it where the ioor man is : only cheated. "Applause long con- tinued ami renewed. CAS THK COVEKNMKNT UK So I come even to my friends in the Natioual party aud put t'.is plain question to them : Can not a govern- ,ut.nt make a promise ? If the Govern- ment makes a promise, is it not simple honesty to keep it ? Can not a nation He just as much as a man can lie? When the nation said, in 1863. that it would redeem the bills and the bond that has changed hands from that hour 0 this hasjiassed with promise written upon it. Applause. When in 1875 it said it would redeem its notes on the 1st of January, 1879, it made a promise and uirler the faith of that Will the world trust to-morrow these will the world trust United States if, a pledges, we turn s "Lie" across the. plic after making such around and write i. nliehted faith of the nation? No. f (Treat cheering. THE GOVERNMENT CAN REDEEM ITS PROMISE. Men of Michigan, I come to you, to men who had the nerve, all through the days of battle, to stand by the Government. You went through the war; you suffered to save the nation alive. And so in full faith I come to you, and I know that in this hour, when the question is, "Shall the na tion keep its pledge, orshall it break its pledge to the laborer of the coun try ?" I know that Michigan will stand for honor and for truth to-day as she stood for loyalty and for the Union in the hours that are gone. (Prolonged applause.) But, gentlemen, I go one step further. We have not the poor excuse of the bankrupt for breaking our promise, that we have not the ability to pay. If we repeal the resumption act we do it right in the face of our promise, when we have the perfect ability to keep our promise. There is uo excuse of inability. Filling the vaults of the Treasury at Washington there lie to-day more mil lions of gold and silver than will re deem everv greenback that can be presented on and after the 1st day of next January. 1 he com is there. It is there for you, waiting for the green back that is in you pocket. The Gov ernment is able to pay. (Applause). THE WORLD PAYING US TRIBUTE. More than that The Government stands to-day in this position : Our in come is larger than our expenditure. We are reducing the expenditure all the while. Our iucome is possibly falling off, but the difference is still largely in favor of the Government The Government is steadily accumula ting money for the'payment of past debts and the discharge of future obli gations. (Applause.) More than that. The credit of the Government is rising. Men are buy ing bonds that pay onlv 4 per cent interest, and we are paving off the bonds that paid 6. The credit of the Government rises, and the rate of interest that the Government pays is falling. There is no excuse in that direction. More than that. The balance of trade is to-day largely in favor of this country. You understand what I mean by those words "balance of trade." The illustration is simple. If you sell mure goods than you buy the balance ot trade is in your favor, and you arc getting rich If you earn, more money than you spend, the balance of your individual trade is in your favor, aud you are getting rich by the amount you save. The nation, in dealing with all the world, is selling to day 1250,000,000 a year more than this nation buys. And that $250,- 000.000 is being paid bv the rest of the world to us. (Applause.) Southern fields grow cotton for English looms. Shall England pay for that cotton in com, or shall we generously print greenbacks to help her do it with ? Thebroad acres of Michigan, the fiekhf of Ohio, of Missouri, and of the Mississippi Valley, have been golden with great harvests all the summer and all the autumn. We are to-day feeding the nations of the world. Shall they pay us in coin in gold and in silver, or shall we generously print greenbacks to help them do it? Applause.! We have furnished the world with Yankee grain and wheat, with Yankee grit and pluck. Shall the world pay us in coin, orshall we generously print green backs to help the world pay up their debts? Deep in the mines of the Rocky Mountains lie gold and silver stores that are to be the money of the future, Shall we utilise the wealth of the world, the wealth that is here, the wealth that we dig. or shall we de monetise both gold aad silver, and print greenbacks and help the world DAILY BAZOO Tlit- i Mot daily- pajvr In the city, a:-' .!.!iv4-!r read, throughout the centm. ..-:' of the State, Iy luine aim, anJ .: .in: al! claif-, Tt oners hulueeau.-iu r..ltvrtLr a thshpt uutliuiu thrtnifc w.!o h to reach tKeTmbiic. r-' . Ti:i:x OF SCXDAY XOKXIXU BAK: Uu. yaar, - - - $2 "(I to pav us in paper, when we might have good coin ? (Applause.) It is the strangest thing, the strang est tolly (if I may use the word, and I meau no discourtesy to our opponents, I simply speak it as a word used in argument), it is the trauget madness that men should clamor now for great issues of irredeemable aud worthless shinplastcrs : now, when the world pays tribute to the United States; now. when American locomotives are being sent to liussia; now, when American steam plows and horse rakes are being manufactured for all the world, now, when American cotton cloth is being sent to Australia ; now. when American corn and wheat are going to the very fields of the Danube, now, when we are so rapidly becoming the great producers and factors of the world ; now, simply and only because we have had hard times in the five years gone, we weekly clamor and beg for the poor privilege of turning back and mortgaging our country with a great and useless indebtedness. Ap plause. Why, we should, only be cause we have had five years ot hard times, plunge our people into hard times for thirty years to come ! Ap plause. It is not not statesmanship. Applause. THE INTERESTS OF LAROR. What more can I say to you ? It is not for wealth. It is for labor that the friends of honest money plead. Applause. Bear this in thought. Back to specie resumption vou win come. whether you will or no. Men lives on the earth, iive in balloons in the Applause. The) do not clouds. And when a man goes up in a balloon. though he try to stay up forever, there will be a time when the balloon will break and the gas will escape, and he will come down. Applause. He was born on the earth. He must live on the earth, and he will be buried in the earth. Aud you can not put gas enough into this idea of inflated money to keep him up forever. ibere will be a time when the gas will go out and the balloon come down, and when vou come down you will be at specie re sumption. Applause. it is not fur the republican party that I plead with you to-night I have reached the same point that my Greenback friends have reached. I have said deliberately that wherever two men are ruuuing fur office, and one is an inflationist and ine oiner believes in honest money, I am going to vote for the honest money candidate every time, whether he is Democrat or Republican. Applause. I am not willing to rob labor by this scheme of speculation. I am glad that the Republican party is setting its face toward the right. Applause. So long as it walks that way, I walk with it, but no longer. (Applause.) THE ROAD TO SUCCESS. The welfare aud dignity of labor are the only sure foundations ot a free State. (Applause.) Let the touch stone of our politics be this to day, an honest dollar for an honest day's work. (Applause.) By that test try every man who comes to you for your suffrage. (Applause.) The Republican party stands on that platform. There it can afford to stand. It is better to be right than to be successful. (Applause.) The issue is here. We have come to where the roads part, and the roads are ouly two. We must either go for ward to permanent specie resumption, or go forward to the irredeemable paper currency. Permanent specie resumption requires industry. For a man must work to get an honest' dollar. It requires economy. It requires honesty. And industry, honesty, and economy are the only sure path to suc cess, alike to nations and to individ uals. (Great applause.) A voice. Good. Gov. Woodford. The other path may seem the path of flowers and ease. You may reason that by convention and resolution, and bv inflation and dreaming, you can convert soap bubbles into gold ; but at the last you will find, as I told you at the beginning that you can not make something out of nothing, and keep it something for ever. (Applause.) Inflation means speculation. Specu lation means gambling habits in the conduct ot business. It means at the last bankruptcy and repudiation. It is the forbidden path. Nations have gone there before. But every nation that has walked the path has walked it to ultimate bankruptcy, and the poor have been the sufferers, (Applause.) Whoever works hard and honestly. and saves what he earns will at lasl compel prosperity. While the man who gambles, and idles, and wastes, wilLat last come to the poor-house or the jail. It is with nations as it is with in dividuals. In the memory of our farmers who wrested this continent from the savages and the forest, in the name of your fathers, who made this peninsula of Michigan to bud and blossom like the rose ; in the memory of the "wildcat currency of Michigan," that years ago bankrupted your fathers with the sad dream of fiat money, stand to-day for labor, for honesty, for economy, and your efforts shall be blessed. These things mean prosperity alike to individuals, to States, and to the Republic. (Great and long-continued ap plause.) The Great Scourge. Memphis. October 12.The ther mometer tell to 46 this morning at four o'clock, and frost would have fall en had not the wind been blowing. The relief train sent out on the Charleston road yesterday morn ing by the Howards had not returned at noou to-day. The Howards this morning sent three nurses to Florence and two to Decatur, Ala. Alex. Kerr, the hut of a family of six who returned to the city a short time ago, thinking all danger had been passed, died this morning.