The state rights democrat. (Albany, Or.) 1865-1900, May 16, 1868, Image 1

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The state rights democrat., May 16, 1868, Image 1

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Newspaper Page TextVT t STATE RIGHTKDEMOCRAT, rCBUtKED XVXRT ATDRDA.T, IT ABBOTT & BROWN. I.E. ABBOTT, 1 M. T. SROWH. CFF3CE IN HANSON'S BUILDING, FIRST STREET. 'I3BM3.UI abtakcb: Oaayear,$3j Six Months t3 Oa Month, 50 cts. Slngla uope, v "Jrr7indenU writing over M.nmed Ign.taret JtJjZoj, known their pror aas to tha Editor, or no attention wlU be gUen to their eommunlcatloni. All Letter. and Commnnlc.t ions, ether on brines, or for publication, should U addressed to Atbott 4 Brown. BUSINESS CARDS " dTb. bice, 31. d., Surgeon and Physioian, ALBANY, OREGON, nHANKFUL FOR THE LIBERAL PATRON J at. reeeired, continues to tender Ms services to U eitisans of Albany and surrounding coon try. Ofico and residence, on Second street, two K5ks east of Sponger's how Hotel. v3n37tf J. QtJINK TIIOItXTON, ATRORNEY AND COUNSELOR AT LAW, Will practice in the superior and inferior Courts f Oregon. Office up stairs in Foster's fire-proof brisk, nearly opposite the poet office. Albany, Not. 2, lS67-v3nl2yl JOHN J. WHITNEY, AITOSSEI IT LiW ASD XOTART PCBLIC, ALB ANT, - - - - OREGON. -If-OSee mp stair In Foster's Frame Building. rjsite the "State Rights Democrat Office. v3n33tf F. 51. WADS WORTH, SIGN, CARRIAGE ASD ORNAMENTAL PAINTER. Over MeBride's Wagon Shop, between First and Second, on Ferry street. . Ilrst-elass work done on short a Mice. T3nl9y 1 . x. caxxosu CCO. B. KXUt. CXXANOR t HELM, ATT01IEIS ASD COUNSELLORS AT LAW, C mc In Norcross Brick BuUding, up-stairs, Allan j, Oregon, a4 W. J. HILTABIDEL. T. M. BEDFIELD. IIILTABIDEE t CO., BEALERS IN GROCERIES AND PROVI sions, Wood and WUlow Ware, Confection ary. lobaeco, CigaM, Pipes, Notions, etc. Store on Maine street, adjoining the Express office, Al bany, Oregon. se2Sr3n7tf DEN J. IIAYDEN, Attorney and Counsellor at law, TTill attend to all business entrusted to him by citizens of Polk and adjoining counties. Eola, July 26, 1867. vnMtf H. B. HUMPHREY, incmr at law ad xotart public, ALBANY OREGON. frfy OQee ia the Court House. mar9v2n301y J. C. POWELL, A TTORNE r AND CO UNSELL OR AT LA W AND SOLICITOR IN CHANCERY, ALBANY, Oregon. Collections and eonvey ances promptly attended to. oc20n!01y FRANK DALTON, ATTORNEY AT LAW AND NOTARY PUBLIC. -Ofloe in Foster! Brick, 1st street, Albany, Oregon. feblv3n24tf M. amOW, L. BLAI5, 1. B- TOCJIC. J. BARROWS sfe CO., GENERAL & COMMISSION MERCHANTS f0t EALERS in Staple, Dry and Fancy Goods, Groceries. Hardware, Cutlery, Crockery, ,ti and Shoes. Albany. Oregon. Consignments solicited. oc6n8tf E. F. BUSSELE, ATTCRNET AND COUNSELLOR AT LAW. Solicitors in Chancery and Real Estate Agents , Will practice in the CourU of the Second, Third, ad Fourth Judicial Districts, and in the Supreme fiaaitaf Oregon. Cf ice in Parrish's Brick Building, Albany, Ore nt. JiB- SPECIAL ATTENTION giren to the col lection of Claims at all points in the above named District. ' r2n46yl C W. GRAY, D. D. S., CSADUATE OF THE CIMdHIATI DEBTAL COLLEGE, .yf-N Would invite all persons desir f ; ing first-class dental operations to rf "'"j give him a eall. The Doctor makes llXjUT many new and improved styles of plates for artificial teeth. Among others be would solicit particular attention to vulcanite base in onn action with gold wire gauze (a superior work ia many respects), and a new improvement (late ly patented by Dr. Cool), which consists in lining the entire eoneave surface of the plate with fine gold. This style of plate admits of a very fine finish, and in its use there is no disagreeable - blaeLing and roughening by Jobacco smoke and other deleterious agents (as is the ease with ordi nary vulcanite work). It can be made much thin ner sni aaos very materially to its siren gin ana durability. The extra expense is trifling in com parison to the advantages it possesses. Persons wouli do well to give him a call. Office up-stairs la rsmsa i a, vo. s DncK, Albany, Oregon. ap?Il'68v3n34tf ' ' J. F. McCOY, ATTORNEY AND COUNSELLOR AT LAW, AJTD NOTARY PUBLIC, PORTLAND, - - OREGON 7TLL PRACTICE IN THE SEVERAL Courts of this City and State, and of Wash ington Territory. All kinds of claims ind demands, notes, bills, book accounts, subscriptions, etc.. t i ft .i:.Sii!. . Beat Estate bought and sold.. Taxes paid. Baucings rented, and rents collected on commis sion. - : ' Tittles to Real-Estate, searched, and abstracts ,. raaae. . also AG ENT for the principal daily and weekly news papers on the Pacific coast. Subscriptions and ad - Tertu ements solicited. SfAll collections promptly remitted. OFFICE No. 94 Front street, Portland. ,r2n27tj . . NOTICE! WMStW: OTTT VfiH. Tin! CIA."! I TTTCH tt ' 1 A ;jceived : a very large stock of ; ' - DRY GOODS AND GROCERIES ! iy st iamer from San Francisco, I will sell for .cash or merchantable produce, at low prices, my ientirretock of Goods, to make room for more. Call tvzA see for joarselves. ' T ' R. CHEADLE'S ajriT3n33tf- ' Cash Store, Albany. A vol. m. ADVERTISEMENTS. MBS. A. B. PAXTON. MISS LTD. A. MILLKR. MRS. PAXTON & CO., FASHIONABLE MILLINERS ASD KXANTUA-HABSRSl WOULD BEO LEAVE TO RESECTFULLY tender ther services to the Ladles of Al bany and vlcinty, assuring them that they are pre pared to make and trim BONNETS AND HATS, in the very latest styles ; also, DRESS AND CLOAK MAKING! Im Amy i'atAion or Styt Dctired! For referenM we will only stato that our Dresses, Bonnets and Hats were awarded the FIRST PREMIUMS AT THE LATE URN COUNTY FAIR I We also receive constant supplies of tho Latest and Most Fashionable Goods! generally kept in a LADIES rUBXISBIXO estasusbmckt! Cutting and Fitting Warranted Satisfactory! Stamping and Braiding done to order, and all oth er work executed with neatness and care. Octl2v3o9tf MRS. DUNNIYAY, FHAKES PLEASURE IN INFORMING HER 1 patrons that she has received her Invoice of MILLINERY FURNISHING GOODS, DIRCCT riaOCX NEW YORE! and I am now ready to accommodate axt or roc with the BEST AND LATEST STYLES, At the Most Reasonable lrxces ! As A sent for Madame Demurest' Incomparable dirror of Fashions, I am enabled to furnish cairis a copy of the Magatino for one year, beginning with the July number, to any person who . shall purchase spring goods in my line to tho aaouat of Tea Dollars!! Send in your orders at osce, ladies, that I may know how many of you will give me the pleasure of presenting you a firs t chus parlor Msgaiine as Premium on your pur chases. A COMPLETE ASSORTMENT OF Very Choice Jlilllnory .omI! AJfD ALL THE OTHER NOVELTIES OF THE SEASON I She has also secured the Ageney of Xd'ne Demoreil'. Wcrld-Rciownrd F&itcrci, and all of the many useful and orna mental articles advertised in her justly popu lar Magazine. COME LADIES! "all of you together," and see if I have not tho Cheapest and Choicest EXillinery Goods! ErCK OFFERED FOR SALE IX ALBAXT ( DRESS AND CLOAK-MAKING In the Latest Styles ! Perfect Fltsi Warranted. BLZ3ACZ2ING AND PRESSING! In the best manner at the very lowest rates. NEW STAMPING PATTERN! BEAUTIFUL DESIGNS ! 2rDon't forget the place. Southwest oorner Main and Broad Albin streets, Albany March 30, 1868 se28v3n7Jy . LOOKHEBEl Patroaizc Home Industry, and Save Money! The undersigned, having opened a TAILORING ESTABLISHMENT (On First street, north side, next door east form Washington), in Albany, takes . this method of informing tho pnblio that he is prepared to MARE, CUT, ASD REPAIR .CLOTHING! OF ALL KI5DS, . . IN TUB LATEST STYLUS I AND AT THE MOST REASONABLE RATES ! v2n44tf n. W. FARMER. IBA A. XILXEB. A. P. KILLBB. FILLER & BRO., (Suecenort to Philip Miller,) M A FI B L E WORKS , ALBANY, OREGON. Shop on WasMngrtoa, bet. 1st and 2d St'a. THESE GENTLEMEN BEG LEAVE TO IN form the publio at large that they are now prepared to furnish 11 M A K BI E 31 OlffUJttEIfTS Gr R A VE-S TQN E S I 01" EVEBY" STTLE AND PATTEHX, ' At the, Host, Reasonable Prices. TOriDSTOriES CUT TO OHDER On the very shortest notice. Mar7v3n23tf l ; ' ' '' MILLER A' BRO, w ALBANY, OREGON, SATURDAY, MAY 16, 1868. OUR NATIONAL FINANCES. SPEECH or HON. AIBJERT O. BUHR, Or ILLINOIS. a tht Hou of Rrprtttntativt; Ftbruary 24, 1868. The house being ia commmittco of the whole on the state of tho union, Mr. Uurr spoke as follows : Mr. Speaker, in this moment of intense excitement it is my privilege to occupy for an hour tho attention of tho house; and not desiring to add in any degreo to the wildness of tho hour ly any irregu lar discussion of recent events or action contemplated, cither by the president or the cougrcss, I will devote my brief hour to the consideration of matters that will bo of great and continuing interest to the people long after tho excitement of to-day shall have subsided and the action of to day passed into history. I ask attention first, sir, to some thoughts bearing upon the subject of our national debt. On the first day of thi month tho amount of that " national blcsiing" was over and above cash on hand 82,527, 315,373 19. Hut why array figures or refer to numerals when from their very magnitude they are incomprehensible? That debt amounts to about eighty dol lars for every man, woman and child io tho United States. Of thU aggregate sum, 62,000,000,000 in round numbers is drawing interest payable iogold; $300,. 000,000, in round numbers, is drawing interest in currency, and exclusive of the matured debt not presented for papmcnt, about 8118.000.000 drawing no interest whatever. Of the debt bearing gold in terest much tho larger portion U made up of the 0 per coot. 5-20 bonds, which mature io five years from date or run the period of twenty vears, at the option of the government. Many of these bonds have already been out more than five years, others arc by that measure of time rapidly maturing, and within a very brief period all will have been five years in cir culation and liable to be taken up by the government as a right reserved in the law under which they were issued. Out standing as they now are, and drawing in terest payable semi-annually in gold, the cost to the people to furnish gold to meet that interest It immense and grievously burdensome. Six per cent, inteiest 011 8200,000,000. the amount of indebted ncss bearing gold interest, is 8120,000, 000. An immense sum, sir, truly, for people to pay every year. Why, sir, this yearly interest alone is wore than was required to pay all the expenses of the government during three year of war with Great Britain. Yes, sir, fifty per cent, more ; for the whole expense of our government during that period of war. lasting three years, and including cost of army and navy, was only seventy-six mil lions and some odd dollars, against 8120, 000,000 of thb yearly interest. But, sir, this is not all. Growing out of this system of bonded indebtednses is an atistocraey taking root in our soil, nourished by the shoddyites of capital and protected by national legislation. It is not an aristocracy of rank and title truly, but may be the stepping-stone to both. Nor is it an aristocracy of intel lect nor yet of labor : for both intellect and labor are subservient to it and taxed for it and taxed for its support. It is an odious aristocracy of wealth, of privilege; and this aristocracy has, as I said, the saoction of law yes, w directly estab lished and maintained by law. What ever legislation imposes burdens on one class and bestows corresponding advan tages upon another, ia creating and pro tecting an aristocracy. Now, sir, while the masses of our people are paying this enormous semi-annually interest, they are required to pay it, not in that common circulating "money," which pays all or dinary debts; which pays tho farmer for his produce, the mechanic for his labor, the merchant for his wares, and the wounded soldier for his sacrifices and his services; but the masses arc required to pay this tribute in gold. Bat as gold is no longer circulating as money, but is on ly a commodity of trade, classing with jewelry and precious stones, the differ ence between tho value of tho circulat ing medium and gold must bo added to ascertain tho amount which this yearly in terest really cost the people. The difference I assume to average thirty-three per cent, which, added to the gold sum of interest, makes 840,000,000 more or a total of 8160,000,000 yearly for interest on only a part of our public debt. And, sir, these bonds, thus bur dening our people by the continual drain upon our treasury to meet gold interest, are increasing in amounts daily. Tho seven-thirty treasury notes are being continu ally converted into this class of indebted ness. By the middle of July next the small sum of $200,000,000 will be added to this gold interest-bearing debt from the conversion of these seven-thirty treas ury notes alone, thus the burdens to the people in paying gold interest on that much more bonds. But, still further they are being increased by another process shown by comparing any of the monthly statements of the publio debt. Our treasury notes, which are a legal tender, and which bear no interest at all, are de creasing ' in quantity, and the ; interest bearing bonds are increasing in propor tion. These notes and bonds are both debts against the government, or rather they are evidence of indebtedness to that extent, the one drawing interest in gold the other drawing no interest whatever. Now, sir, why not reverse' this policy and increase the quantity of paper bear ing no interest, at the same time and to the same extent reducing' the amount of paper that does bear interest? ; Suppose a man of ordinary ' business capacity to owe a note'of $1,000 bearing interest, and another of like sum bearing no inter est; suppose, further he can make a. pay. ment of $500 on one of these notes, will he hesitate as to whichshould receive the payment ?. Certainly we would' not ' ex ' i pect him to executo still another note bcariug interest In order to procure means with which to pay off his note bearing no interest at all, Yet this!" just what wo aro doing day by day. hvcry time that some "loyal citizen comes to the rescue of his government" and buys its bonds, the government in tho exchange, increases tho debt that bears interest, and receives in payment for that debt no equal amount of indebtedness bearing no interest. By this process greenbacks are going out of circulation and into the treasury, while bonds are going out of tho treasury into the pockets of an aristocracy who are to-day controlling the financial affairs of tho government. And, as if to make tho enormity of this proceeding more palpablo, these bonds are issued in de nominations so large as to prohibit any but rich men from handling them ; and thon, by tho most shameful and barefaced partiality for this privileged few who hold these privileged bonds, they are by law mado free from assessments by any state, county, district, or city, and thereby a very largo proportion of the wealth of the country is exempted from taxation ; and that, as I have said, in the hands of rich men. But while this wealth is free from taxation and semi-annually drawing its gold interest, the expenses of the gov ernment are stijl going on and must be paid. And by whom paid ? Not by the rich man, for he ha transferred all his taxable property into bonds and laughs at the collector of taxes. His millions, which in better days bore a share of taxa tion, are now exempt without decreasing the amount to bo raised by taxation ; ay, rather it increases the amount to be raised by the partiality which gives him gold for his interest, while tho producer gets paper for his commodity. This greatly increased amouut, then, is paid by the laboring classes, who now pay tho taxes which should bo paid by tho bondholder in addition to tho share which justly falls upon themselves. But, sir, even this is not all. Under our ruinous financial system these same bondholders have the privilege of depos iting their bonds in the treasury, receiv ing from the government an almost equal amount of national currency, in sums in tended to be adapted to general circula tion ; and with this machinery national banks arc established all over the coun try, loaning out this currency at heavy rates of interest, secured gcoerally by real estate, to the same of c!aes men who are paying the gold interest on the bond) which furnish the foundation for this currency, thus paying inter est both on bonds and the representa tives of bonds; white the bondholder re ceives interest on both bonds and curren cy, meantime paying nothing for protec lion, education, nor even tho costly and delicate luxury of reconstruction. What, then, is in the future ? Under this system nothing but increase of taxes, a multiplication of burdens for the far mer, mechanic, trader, and laborer; with still greater exemptions and favors to the capitalists. Nothing but the harm of the many for tho benefit of the . few. Noth ing but making the rich richer and the poor poorer. In this connection let it be also remembered that the leading idea of thoso who are managing, or rather mis managing, our financial affairs is to con vert all our public indebtedness into these bonds with many years to run, and with interest payable in geld semi-annu ally. This is said to be for the purpose or keeping up our national credit. Vhat, a sir : increase our debt to keen up our credit 1 Tell tho trader who ia badly in volved in debt, with ruin staring him io the face, to go still further in debt to keep up his credit r .Let him try the experiment, and soon his assets will not be sufficient to justify a court of bank ruptey in closing out his estate. Suppose all our debt bore interest to-day at the same rate as the bonds in question, and all the holders of that debt exempted from all taxation. Our peoplo crushed, disheartened, impoverished; our ruanu facturing interests ruiacd. or else project cd at the cost of tho poorer classes ; our commodities taxed out of existence, and our produce barcd from tho markets of tho world by the greatly increased price of production how long would the patience of the people so oppressed for bear? . , But another demand upon our people is now made, and with the pertinacity that always characterizes an aristocracy is insisted upon by the oapttalists. And those capitalists are controlling the domi nant party in urging this demand. Not only gold for interest; not only exemp tion from taxaation ; not only banking privileges with extraordinary facilities of transterring wealth trom taxpaymg Ia borers to untaxed aristocrats; not only sixteen hundred banks running at the cost 'of the many for' the benefit of tho few, but a demand absolute and impera tive, that the enormous amount constitut ing the principle of these same : bonds shall also be paid in cold. When the poet wrote "Gold many hunted tolled and sweat for gold." he expressed the idea that possession of the glittering treasure was at the cost of labor and sweat; but, sir, we aro showing how the toil and sweat oi one man only increase the golden treasure of another who ia exempt from the judgment passed by the Almighty when lie said : "in the sweat oi thy face shall thou eat bread." , Wealth ia his without lab r ; his is bread without labor ; hU is bread without sweat; grasping his " yellow dust in eager hands, and heedless 01 ,the gen eral ruin mocking his countrymen,' he realizes from' his selfish stand-point that 'this is tho best form of government the sua ever shone upon." ; He is intensely loyal, for loyalty pays a large dividend and pays it in gold. He is patriotic, be cause ' patriotism of his standard; means large balances in bank stock and heavy mortgages ori . the homestead of the poor laborer. He is in favor of 'keeping up the .credit of the government," for by that he means helping himself to the publio treasure.' 1 In his judgment pat vV'0G"lAri i : : ; l - ' riotism calls on tho people to pay heavy taxes without murmuring, 'for well he knows that the collector will only seek out tho laboring , classes while the pay master will call on him. Sir, this burden once assumed will never be laid down. Let the capital of the country paddle a burden on labor, aid In its greed of gain it will never con sent to a release. All tho industry of the country must be devoted to the pay ment of this semi-annual Interest; and when, finally, passing years shall have matured the whole debt and thousands of millions are presented at one time, can then tho tax-payer meet that dematd 1 No, sir, it is beggary to present the irre trievable ruin in the future both to the tax-payers and tho government. But, sir, what is the remedy 1 Itetrace our steps rovcrso the policy of tho past few years. Let all men stand on an equal footing. Inasmuch as greenbacks paid the government for bonds, let greenbacks also pay tho bondholder for tho same bonds. Let him take that which he give. By public declaration announce a readi ness to pay off bonds with greenbacks, which constitute tho money of the gov ernment. 1 his public notice being equiv alent to a tender of payment on so much ot tho bonds as have been outstanding for fivo years, will stop the interest on such bonds, and to that extent relieve the peoplo of taxes, whether such bonds be actually presented for payment or not. In this last event such bonds not pre sented would continue to be a debt against the government, but it would be a debt bearing no interest, and finally payable accoruing to me terms 01 such public notice, except where otherwise specifically provided in the act under which they were issued. Jet us briefly trace out the operation of this plan. The first result, as I have said, would bo to stop the inter est on matured bonds, thereby saving over a huudrcd millions yearly. As a further result, those bonds which arc now on deposit in our treasury, in ex- chango for national bank bills, and draw ing now gold interest, would cease to be come profitable as idle capital, and as a conscqucnco would be converted into shape adapted to commercial and business purposes. Thu withdrawal of the bonds could only be effected by a return of the currency issued on them: and by the same process all the national currency, or as 11 is sometimes cancel "biacKbacxs, would go out of circulation, and its place supplied by greenbacks which pay off the bonds. So by quiet, and expeditious means, alike just and necessary, we would get rid of every national bank and save to the people all the profits that these banks make on both bonds and currency; and in lieu of both, furnishes a circula tion uniform and equal to all classes of citizens. hy, sir, the question of bank or no bank onco shook the government to its center, and all parties to-emy laud the independenco with which Jackson crushed it out. Yet we have to-day national banking system exercising al most paramount control in political affairs. and under the present policy permanent in existence. And, sir, when did the peoplo content to the establishment of this giant financial monopoly ? When did they stipulate that their material in tercsts should be controlled and their fi nances regulated by bankers and bond holders f They have never agreed, and I predict they never will agree, to bow submissively and wear the chain of scrvi tude to financial task-masters, even though that chain be forged of gold. But, sir, let us still further trace the result of this plan. What will be its ef fect on the business of the country? To answer that question properly let us un derstand what is the present condition of business in the Union. Trade is paralyz ed, industry crippled, labor inadequately rewarded, and manufactures, except such as are protected by enormous tariffs crushed out of existence. And ono 0 tho main reasons for this eondition of af fairs is, in my judgement, the scarcity 0 money. Commerce demands capital not idle, dead capital in lank vaults, but live, Stirling, movingavailable, capita money. Business requires a ready cir culating medium, propoitioned to the producing and purchasing power of the country, and that quantity is not in reach ot tne people to-day. uuring the past year it was with great difficulty that west ern produce could be moved to market for want of means to command transpor tation, and pay freights. In the west the great cause of business stagnation is lack of money. Men owning largo tracts 0 valuable real estate and possessed of much substantial wealth are troubled to raise even enough money to pay their enor mous taxes. Shippers and traders in produce and stock men who never be fore permitted a contract to overrun a day are begging for time on shipments or paying heavy rates of interest to national banks for "black-backs" to pay contracts, and mortgaging their real estate to secure payments of such compulsory loans. Before tho war our money in circula tion was estimated at, I think, about $400, 000,000, which sum was rcauired to meet the demands of business. Of this a very considerable portion was coin. Tho ex penses' of the general government in all its outlays were inconsiderable, compared with the estimates of the present day. The whole expense of , the government during the year 1860, under Buchanan, for civil service, war department,' and na vy was less than $35,000,000. The esti mate for the perscnt year, for the eamo service, is $182,000,000. So. far, then, as governmental affairs are concerned,' it reasonably requires five times aa great & volume of the circulating medium as it did before tho war; in other words, it takes five times as muoh money- for the government to do business on now as in 1860:: ! a f. tvV-V;5--"'- I Take every department - of business, andprices of freights, materials, and ev erything else which enters into the esti mates of expenses in conducting business, are largely increased.' The cost of living is more than doubled. Why, sir, a seat NO. 39 in Congress was onco considered a fair thing at $3,000 per year, which was itself a great advance on r.-.rly salaries, riow $5,000, with mileage and stealage includ ed, is considered a very shall compensa tion 1 But, to bo serious, it costs at least thirty-three per cent, more money to con duct the same business than it did before the war. Make now some allowance for a great increase of population through our prouueing regions, ana aamit ine in fluence of greater facilities for travel, and yon are not far wrong in saying that fifty per cent, more ot money is now needed over and above the amount which answer ed the purpose of trade, commerce, and general business in 1800. And still an other point requires consideration in esti mating the capital needed by the country to-day. In 1800 money used in trade worth par, judged by the gold standard, or so nearly par as to pass without chal lenge, whereas now, judged by the same staiidard, a dollar of money "so-called, is worth a measure varying from sixty to seventy-five cents, and of course a great er quantity is now required to accomplish the same results, in considering these facts, and measuring present and future necessity by these facts, I am led to the conclusion that an increase of say two hundred millions of active capital would stimulate all branches of industry and prove a blessing alike to producer and consumer. But, sir, as I maintain, no prostration of business would follow this increase of money, for in the very measures resulting in the increase you add gradually but surely $2,000,000,000 to the taxable val ues of the country and produce a corres ponding increase of business, lightening at the same time the burdens borne by labcr. As part of this same reform, ne cessity requires economy in the adminis tration of public affairs not, sir, this party cry of economy, this hypocritica prof ession io publio speeches and farcica demand in verbose resoluticns, intended only! to deceive the people, but actual . practical, rigid economy, that pays no ija . moro lor needed supplies than such sup plicti are worth, and dispenses absolutely with all expenditures, large or small, tha could be avoided. Withdraw military rule; in the boutbern btatcs, savin? there by directly and indirectly 8100,000,000 yearly: abolish the freed men s bureau and jsave thereby 815,000,000 more of di rectioutlay; reduce the army to a rca peace basts and save thereby many mil lions more ; provide remedies for existing evils in the revenue system and thereby save another 8100,000,000, as well as per jury!, fraud, deceit and outrageous stealing whicjh are brought into existence and per petrated by our revenue laws. Do this sir, paving in the grand aggregate $500, 000,000 yearly of the people's money. Uut of this great saving set apart an an nualisum to constitute a sinking fund, ou hich to pay by degrees the public when reduced or converted into pbacks, and in a comparatively short our debt will be paid, our taxes be ly rewarded, our p:ople prosperous and happy. Bkt, sir, this cannot be the result continued Radical rule. Radicals protes against the payment of tho public-debt eenbacks, but prefer to withdraw the abacks, and increase the bonds. The result of this is to make money for the people scarce, but for the rich men plenty. Until lately our Secretary of the Treasury, under the direction of a Kadi cal Congress, was withdrawing $1,000, 000 per mouth of greenbacks from circu lation ; and even now that proeess is only for the time being suspended. By Kadi cal ule the burdens of the present hour wero fastened on the people, and will not be removed but by a change in political control of the government. . Not a branch of industry escapes taxation. Assessors collectors, inspectors, agents, seek out ev ery avenue through which toil produces wealth, and by their unyielding fingers in eiger clutch on tho hard earnings honest poverty. Not the living only are sought out and laid under tribute, but ac counts are kept with the dead; and by opeiation of tho "succession tax the meagre pittance which a father's frugali ty saved up for his helpless child is coun ted over and a portion taken therefrom under the plea of " publio necessity ," be fore; tho child receives the orphan's por tion; And what proportion ot this money thu$ wrung from producers finds its way into the Treasury to be used in payment of either bonds or greenbacks under Kad ical yule f Not one half not ono half No, sir, ; there is no hope ot improve ment but by peaceful, political revolution That only will save us from bankruptcy as a laation and demoralization as a people. If wrought out that revolution will save us from both; and the people who are . . & m a a now laboring tinder loads unbearable are understanding the evils and will the proper remedy. apyly But. sir. we will be told this fall tha "these questions are not in issue." Tha has been the answer to all protestations the people have heretofore . made against negro suffrage; "it is not in issue." But it is in issue. The great mass of thepeo pie, honest, patriotio, willing to bear nec essary burdens, but unwilling to be tram pled down by legislative tyranny and sur render all their hard-earned means to the demands of the wealthy, petted bond holders, have decreed that this issue shall be met, Another answer will bo in the mouths ot : politicians, and given to the people by thoso who are themselves pow erless and faithless to perform what they promise, Radical candidates, when una ble to satisfy their people by evasive re plies, will exclaim in the boldness of prac ticed falsehood ; "We, too, are in favor of paying our debt in greenbacks.". - Already, sir, have several members on this floor made speeches ' looking in that direotion. But what is done v hilst : they are talking? ; Nothing absolutely notht ing for publio relief. But much in in other direction is' being accomplished.-: Our debt is increasing and our interest RATES OJ ADVERTISING 2 rax txixi C-fi Coloma, $109; Half Column, $60; QaarUx CoU, amn, $35.. - , ',y Transieat Advtrtisetnents pet Eqsaie often 11b or less, first iJisertlon. $3 : each rubststsst VtM-i tion,$l- - A square is oae inch ia space down thacclama eounting uts, display lines, blanks, Ae., as solid matter, 2fo ad rertlseaient to be considered ? f than a square, and all fractions eounUd t 'fall square. All advertisenests inserted for lest period than three months regarded as traa ilent. growing larger every day. This Individ-. ual vaporing of our Radical friends is on y to appease the people, to auiet appro- bension, to beget hopes not to be realized. and secure a return to ofSce and power T.l . . i . 11 tney are earnest id wisnmg 10 pay tno national debt in greenbacks, aa the people; demand, let them first admit that tho question is in issue; and then, take the wupic D Blue iu a iaviivai "JF u.cua telp us elect George II. Pendleton, or some one equally favorable to the people's mteret, as next President, and a nnan cial reform will commence.' Taxes will be reduced one-half, expenses largely cur tailed, our debt honestly paid in a very ew years, and our country restored to unity, peace and prosperity. ,t uai, sir, lei us not oe ueceiveu ia aeeaio a remedy for existing evils, or in applying; a corrective to errors glaring and enormous. Itelier from the financial burdens 01 tno hour is a practical question That relief can . . r t . t M -1 not do secareu Ey mere general aeciarauon, nor will it eom in- answer to professions of superior patriotism and wisdom. It will not even be commanded into being by the talis manic influence of a great name. National prosperity and individual thrift are insep&ra : Lie. Individual orosperity cannot be tnie and permanent while irregularities mark all 1 . . 1 d' -i puoue transactions, ana pronigacy caarac terizes all public expenditures. There is, between the various communities of theUnU ' ence ; ana one portion ot our people separa ted from another by mere geographical lines cannot enjoy permanent prosperity while anoiner portion is oorne uown ana oppressed with burdens. And here i may remark that no true, general, permanent prosperity can be secured to our people until all communi ties of our citizens are secured in such en joyment of peace and industry as will enable them, by their trade, produce and labor, to bear their jjst proportions of the public bur dens, and at the same time receive and enjoy taeir snare 01 me puouc oenems ana aavan tages resulting from free government prop erly administered Let the Southern States , be restored to their constitutional relations with the other States in the Union, and as a result, the people of those States, realizing the blessings of "liberty regulated bylaw," will add their offerings to the substantial wealth of the na'ion, and contribute their proportion of taxation for the public good. They woull &ase to be idle consumers, without resources and void of energy, and become producers of wealth for the general . good, at the same time furnishing, as of old, the best market for the surplus produce of the West. The natural dependence of the ' South and West upon each other can never " be changed by legislation, nor' even perma nently suspended by revolution. The great staples of Western agriculture can never be profitably created in the South , nor can tho Northwestern farmer, by any degree of in dustry or skill, secure from our oalde? soil the valuable products growing in profusion in the warmer soil of the Gulf States. There fore, we of the West earnestly protest thai no permanent relief and general prosperity can be ours until again our relations gi com merce, trade and friendship are restored with our customers in the South. That restoration can only result from wise statesmanship and such patriotic measures as will secure equal and general good. Denunciation should be withheld, crimination cease, and recrimina-. tion be forgotten. Sentiments of friendship snouia oecuiuvatea, more or tne spirit 'of conciliation should be manifested, and, abovo all, the voice of the people should be heard and heeded by those controlling the Govern, ment. In conclusion of these rambling and des ultory remarks, let us sum up what I deem to be the measures on which the people de pend for relief, immediate and permanent. Stop the payment of interest by placing the bondholder on the same footing with oth- -ers, and pay his demand, as you pay others, in greenbacks." Let him receive what tho crippled soldier receives for his pension. Adopt and act upon the motto that what ia money for one is money for all. Add to the taxable property of the Union by such legislation as will force idle capital from bank vaults into active circulation, and convert non-taxable bonds into taxable cur- r rency or substantial wealth. Abolish tha . so-called National Banks, and protect labor ers more and bankers and bondholders less. ' Reduce the army and navy to a peace basis, , and reduce expenses in proportion. Encour- age trade and promote industry by releasing both from the unnecessary and tyrannical nuraens imposed lor party purposes in the derogation c f the public good. Restore civil government in piace ot military rule in the Southern States, thereby saving to our peoplo the cost of the lar.t, and securing to all tho benefits of the first. L , The people demand these measures ; and inasmuch as theso measures are repudiated by the party in power, the people, who aro the source of all political power, are repudi ating them ; and will, in the next election, secure relief by electing to office such men as are willing for relief to be granted. And when individual members of the' dominant nartv come before the people and beg for re turn to ofSce, saying, "I favored these meas ures, although my party would not-act in your name I made long speeches for economy in your name 1 onerea resolutions ior re form?' the reoDle will indignantly respond. 'Inasmuch as you adhere to a party opposed (a AfAim nnl arA snnf tv1T at! Ivd? vnAn in tha interests of banks and bonds, you are not true to us no man can serve two masters." And in the majesty of that sovereignty which aKMii nith and mmMm in tAmM(sn ' abides with and resides in feople," a peaceful and constitutional re vo lition, will be decreed that will secure uni formity of taxes, currency, burdens, and blessings to rioh and poor, high and low, and extend to all citizens the equal protection ' of the constitution and laws of a restored and prosperous Union of all the States. ... Election, first day in June next ,: : - When a man is asking whether he can speak loud, what kind of savage does he mean? Cannibal (can I bawl). - . Don't split Spot the man that does. ; r - ' - ' !- 4 A western editor remarks that he is glad to receive marriage notices, but re- . quests that they be sent in . soon after tho ceremony, and before the divorce is ap plied for. He has had several notices spoiled in this way. Vote for Geo. K. Helm. - Y A line in one of Moore's songs reads thusj u Our couch shall be roses bespangled -with; dew." To which. 'a sensible girl replied j f 'Twould give me the rheumatiz, and 80 it would you." -. ; Vote for B. A, Irvine, :