The Huntingdon journal. (Huntingdon, Pa.) 1871-1904, September 29, 1875, Image 1

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    VOL. 50.
The Huntingdon Journal.
J. H. DUR.BORROW,
PUBLISHIMS AND PROPRIETORS
Office in new JOURNAL Building, Fifth Street.
THE HUNTINGDON JOURNAL is published every
Vodnesday, by J. R. DURBORROW and J. A. NASH,
unler the firm name of J. R. Dunnonnow 16 Co., at
g 2.00 per annum, IN ADVANCE, or $2.50 if not paid
for in six months from date of subscription, and
!.:s if not pail within the year.
No paper discontinued, rakes at the option of
r lle publishers, until all arrearagcs are paid.
No paper, however, will be sent out of the State
uliless absolutely paid for in advance.
Transient advertisements will be inserted at
TWELVE AND A-HALF CENTS per line for the first
insertion, SEVEN AND A-HALF CENTS for the second,
%nil PITH CENTR per line for all subsequent inser
tions.
Regular quarterly and yearly business advertise
(merits will be inserted at the following rates :
6 m 1 0 in! 1 y
3 mi
1
3 50 1
4 be 5 6111 - 8 00117
.. cOI 900 18 00 s27s 38
500 8001000 12 04) 24 00 361,0 50 65
7001000 14 00118 00 ... 34 00 50 DO 65 80
8001400 20 00121 00 1 col X 3B 00 60 00 80 100
1 1 nc I;
Local notices will be inserted at virritzx CENTS
per lino for each and every insertion.
All Resolutions of Associations, Communications
of limited or individual interest, all party an•
nouncements, and notices of Marriages and Deaths,
exceeding five lines, will be charged vicx cxxra
per line.
Legal and other notices will be charged to the
party having them inserted.
Advertising Agents must find their commission
outside of these figures.
All advertising accounts are due and collectable
when the advertisenwnt is ono* inserted.
JOB PRINTING of every kind, in Plain and
F,Lncy Colors, done with neatness and dispatch.—
l I an &bills, Blanks, Cards, Pamphlets, &c., of every
variety and style, printed at the shortest notice,
and every thing in the Printing line will be execu
ted in the most artistic manner and at the lowest
rates.
Professional Cards.
P. T. BROWN
BROWN & BAILEY, Attorneys-at-
Law, Office 2d door east of First National
Bank. Prompt personal attention will be given
to all legal business entrusted to their care, and
to the collection and remittance of claims.
Jan. 7,71.
A. W. in.rCHANAII, D. D. S. I W. T. GEORGEN, 11. R. C. P., D. D. 8
BUCHANAN & GEORGEN,
SURGEON DENTISTS,
mch.17,'75.] 228 Penn St., HUNTINGDON, Pa.
DCALDWELL, Attorney -at -Law,
•No. 111, 3d street.. Office formerly occupied
by Messrs. Woods St Williamson. (ap12,'71.
DR. A. B. BRUMBAUGH, offers his
professional services to the community.
Office, No. 523 Washington street, one door east
of the Catholic Parsonage. [jan.4/71.
EDEBURN & COOPER,
Civil, Hydraulic and Mining Engineers,
Surveys, Plans and estimates for the construc
tion of Water Works, Railroads and Bridges,
Surveys and Plans of Mines for working, Venti
lation, Drainage, ac.
. _
➢artiee contemplating work of the above nature
are requ.sted to communicate with us. Office 269
Liberty Street, Pittsburgh, Pa. Feb.l7-3mo.
CBO. B ORLADY, Attorney-at Law.
Over Wharton's anU Chancy's Hardware
store, Huntingdon ; Pa.
EJ. GREENE, Dentist.. Office re
• moved to Leister's eew building, Hill street
Fontingdon. Dan. 4,11.
L. ROBB, Dentist, office in S. T.
e Brown's new building, No. 520, Hill St.,
Huntingdon, Pa. [apl2,'7l.
HUGH VEAL,
ENGINEER AND SURVFYOR,
Cor. Smithfield. Street and Eighth Avenue
PITTSBURGH, PA
Second Floor City Bank
T_T C. MADDEN, Attorney-at-Law
A A
• Oflice, No. —, fill street, Huntingdon,
Pa. [ap.l9/71.
FRANKLIN SCHOCK, Attorney
cfi • at-Law, Huntingdon, Pa. Prompt attention
given to all legal business. Office 229 Hill street,
corner of Court House Square. (dec.4,'72
JSYLVANUS BLAIR, Attorney-at
• Law, Huntingdon, Pa. Office, Hill street,
hree doors west of Smith. [jan.4'7l.
JR. DURBORROW, Attorney-at
• Law, Huntingdon, Pa., will practice in the
several Courts of Huntingdon county. Particular
attention given to the settlement of estates of dece
dents.
Office in ha JOURNAL Building. [feb.l,'7l.
j W. MATTERN, Attorney-at-Law
to • and General Claim Agent, Huntingdon, Pa.,
Soldiers' claims against the Government for back
pay, bounty, widows' and invalid pensions attend
ed to with great care and promptness.
Office on Hill street. [jan.4,'7l.
S. GEISSINGER, Attorney-at
L• Law, Huntingdon, Pa. Office one don
East of R. M. Speer's office. [Feb.s-1
K. ALLEN LovELL.
L OVELL & MUSSER,
Attorneys-at-Lam,
Special attention given to COLLECTIONS of all
kinds; to the settlement of ESTATES, £c.; and
all other legal business prosecuted with fidelity and
dispatch. [nov6,'72
ip A. ORBISON, Attorney-at-Law,
• Pstents Obtained, Office, 321 Hill street,
Huntingdon, Pa. [may3ll7l.
ia E. FLEMING, Attcrrney-at-Law,
kJ • Huntingdon, Pa., office 319 Penn street,
nearly opposite First National Bank. Prompt
and eareful attention given to all legal business.
Aug.o,'74-6mos.
NVILLIAM A. FLEMING, Attorney
at-Law, Huntingdon, Pa. Special attention
given to collections, and all other Isgal business
attended to with care and promptness. Office, No.
29, Hill street. [apl9,'7l.
Hotels.
D ICKSON HOUSE,
(Formerly Farmer's hotel,)
North-east corner of Fourth and Penn Streets,
HUNTINGDON, PA.,
SAMUEL DICKSON, - - Proprietor.
Having lately taken charge of the Dickson
House, (formerly Farmer's Hotel,) I am now pre
pared to entertain strangers and travelers in the
most satisfactory manner. The house and stable
have both undergone thorough repair. My table
will be filled with the best the market can afford,
and the stable will be attended by careful hostlers.
May 5, 1875—y
WASHINGTON HOUSE,
Corner of Seventh and Penn Streets,
lIUNTINGDON, PA.,
LEWIS RICHTER, - - PROPRIETOR.
Permaneat or transient boarders will be taken
at this house on the following terms : Single meals
25 cents; regular boarders $l6 par month.
Aug. 12, 1874
MORRISON HOUSE,
OPPOSITE PENNSYLVANIA R. H. DEPOT
HUNTINGDON, PA
J. IL CLOVER, Prop.
April 5, 1871-Iy.
Miscellaneous.
TT ROBLEY, Merchant Tailor, No.
e 818 Mifflin street, West Huntingdon,
P&., respectfully solicits a share of public W
aage from town and country. [0ct16,72.
Miscellaneous.
KINGSFORDS'
OSWEGO
PURE
AND
SILVER GLOSS STARCH
FOR THE LAUNDRY.
Manufactured by
T. KINGSFORD & SON,
The Best Starch in the Wcrld.
Gives a beautiful finih to the linen, and the dif
ference in cost between it and common starch is
scarcely half a cent for an ordinary washing. Ask
your Grocer for it.
KINGSFORDS'
Oswego Corn Starch,
For Puddings, Blanc Mange, Ice Cream, 4-c.
Is the Original—Established in 1348. And pre
serves its reputation as purrs., stronger and
snore delicate than any other article of the
kind offered, either of the same name
or with other titles,
Stevenson Macadam,
Ph. D., Ice., the highest
chemical authority of Europe, carefully analyzed
this Corn Starch, and says it is a most excellent
article of diet and in chemical and feeding proper
ties is fully equal to the best arrow root.
Directions for making Puddings, Custards, etc..
accompany each pound package.
For sale by all first-class Grocers. [je9-4m
J. A. NASII,
3ml6mlomi 1 y
1 4 ]STABLISIIED IN 1850.
Sales in the past year over FIVE TONS PER
MONTH, in packages of 12 ounces each !
RETAIL for 25 cents ; FIVE packs for I.
This "CATTLE POWDER" has proved a sure
pregentive and a certain cure for
Chicken Cholera or Gaps.
I have received, unsolicited, any amount of evi
dence from FARMERS and others, who used it
and thereby saved their Poultry Stock from the
disease and death. All I ask is, TRY IT, save
your Stock, and be convinced; costs but little.
My Powder has always :;iven full satisfaction
as a most reliable cure in all diseases of HORSES,
CATTLE, HOGS and SHEEP. It will keep them
thrifty and healthy ; the Cow will yield 25 per
cent. more butter and milk ; Cattle and Hogs will
gain in fattening in the same proportion.
Ask for this Powder at your nearest Store, or
address me for a pamphlet, with full particulars.
FRED'K. A. MILLER, Proprietor,
129 North Front St., Phila.
J. K. BAILEY.
WANTED AT ONCE, HERBS, such as Catnep,
Tansy, Boneset, Pennyroyal, Yarrw, Ac., in large
lots. Sept.l-thnos.
T HE LAKESIDE LIBRARY,
Is published semi-monthly, and each issue con
tains a COMPLETE NOVEL, by one of the great
authors of the world, as Charles Heade, Dickens,
Scott, Anthony Trollope. Jules Verne, etc., etc.—
The completion of long and important novels in a
single issue, is the most unique and valuable fea
ture yet introduced into the periodical literature
of the day, and is peculiar to The Lakeside Li
brary.
Each issue of THE LIBRARY contains, COM
PLETE NOVEL, that would cost at the book
stores, on the average, $1.50 each ; yet the price of
of the same in THE LIBRARY is only 10 cents
if you buy a single copy from yaur newsdealer, or
only 9 cents if you subscribe for a year. The
whole series of 24 numbers will contain TWENTY
TWO COMPLETE NOVELS, worth about $40.00,
but costs only $2.15 in THE LIBRARY.
Occasionally we shall issue DOUBLE NUM
BERS, to contain unusually long and important
works, as "The Law and The Lady," by Wilkie
Collins, and "Twenty Thousand Leagues under
the Seas," by Jules Verne. When this is neces
sary, both numbers of the story will be ISSUED
TOGETHER, so that the complete work will be
in the reader's hands at once. In such cases
THREE numbers of THE LIBRARY will be issued
in one month.
[spl7-tf.
jrlir" Hence all Sub4eriptions arc received for
21 number,
Our next issue, Nos. 14 and 15, will be a splen
did DOUBLE NUMBER complete and unabridged,
with EIGHT characteristic illustrations, contain
ing the famous
"Twenty Thousand Leagues under the Seas,"
By JULES VERNE.
fob-17-Iy.
This wonderful book is descriptive of a voyage
of 20 000 leagues UNDER the surface of THE
SEA ! No one acquainted with Verne's peculiar
and dramatic style need be told that this (his
greatest book) is most intensely interesting. It
lays bare the mysteries of the mighty deep—its
sunken wrecks ; submarine forests ; the grotesque,
hideous and awful creatures who dwell therein;
the beautiful coral caves; its treasures of gold,
silver and jewels lost in Spanish ships of olden
days. Yet so quaintly, and with such an air of
candor, is the story told, that you can hardly
believe that you are not reading a transcript from
a ship's log-book. Sent by mail, by the publish—
ers, post-paid, for 25 cents.
.1.0". There is only one other edition published,
which coes $4.00.
Subscribe now, and get all the back numbers,
that your set may be complete. The entire set of
24 numbers gives you a really choice library of
STANDARD and FAMOUS NOVELS, worth in
book form about $40.00, and at a cost of only
$2.15, including pre-payment of postage—or about
the price of one single book in ordinary book form.
"The Portent," for instance, costs as a BOUND
BOOK $1.75, and is published in No. 12 of THE
LIBRARY for only 10 cents ! And "Twenty
Thousand Leagues under the Seas," costs as a
BOUND BOOK $4.00 and is published in Nos. 14
and 15 of THE LIBRARY for only 20 cents.
J. HALL MUSSER,
14.14' Each of theim books is complete and una
bridged, and costs in the bookstores from $l.OO to
$4.00. Order a few samples.
HU ' NTINGDON; PA
Price, $2.15 for 24 numbers. Sold by all news
dealers.
Address, DONNELLY LOYD & Co.,
Publishers, Chicago, 111.
GREAT NOVELS BY GREAT AU
THORS.
NOW READY, WITH PRICE, POST PAID.
No. I. The Beat of Ilusban4s, by James Payn.
(Illus.) Price 12 cents. No. 2. The Wandering
Heir, by Charles Reade. (Illus.) Price 12 cents.
No. 3. The Golden Lion of Granpere, by Antho
ny Trollope. (Illus.) Price 12 cents. No. 4.
The Blockade Runners, by Jules Verne. The
Yellow Mask, by Wilkie Collins. Both in one
number. (Illus.) Price 12 cents. No. 5. Legend
of Montrose, by Sir Walter Scott. (Illus.) Price
12 cents. No. 6. The Treasure Hunters, by Geo.
M. Fenn. (Illus.) Price 12 cents. No. 7. Tom
Brown's School Days, by Thomas Hughes. (Illus.)
Price 12 cents. No. 8. Harry Heatboote of Gan
goil, by Anthony Trollope. (Illus.) Price 12:cents.
No. 9 and 10. The Law and The Lady, by Wilkie
Collins. (2 illus.) Price 25 cents. No. 11. Chris.
tian's Mistake, by Miss Mulock. (Illus.) Price 12
cents. No. 12. The Potent ; A Story of the "Sec
ond Sight," by George MacDonald. (Illus.) Price
12 cents. No. 13. Old Margaret, by Henry Kings
ley. (Illus.) Price 12 cents. Nos. 14 and 15 see
above. No. 16. Ralph Wiltun's Weird, by Mrs.
Alexander. (Illus.) Price 12 cents. No. 17. Ka
terfelts, by Major Whyte Melville. (Illus•) Price
12 cents."..l.l" Six or more copies sent fur 10
cents each. For sale at the
JOURNAL NEWS DEPOT,
August 4, 1.87,5.] - Huntingdon, Pa,
T WENTY THIRD ANNUAL EXIII.
BITION
•
PENNSYLVANIA
STATE AGRICULTURAL SOCIETY,
for 1875,
will be held at
LANCASTER, PA.,
Commencing
SEPTEMBER 27, 1875,
. Books of Entry will close September 20.
No Entrance fee charged—Ref
Competition is co-extensive with the United
States, and the citizens of the several states are
cordially invited to compete for our prizes.
For premium Hots and other information apply
to either of the undersigned.
OROROE SCOTT, President.
D. W. Szitsn, Recording Secretary.
ELBRIDGE M'CoNtmv, Corresponding Secre
tary. [Sept.S,lB7s.
he t . Journal.
OF THE
To Continue Five Days
The Campaign Opened !
A Gallant Charge on the Enemy !
Facts and Figures that are Undeniable!
SPEECII OF
HON. EDWARD McPHERSON,
THURSDAY EVENING, SEPT. 16, 1875,
ON TILE
ISSUES OF THE CAMPAIGN,
AT READING, BERKS COUNTY
MR CHAIRMAN : This is the first
time I have ever met, face to face, the
brave Republicans of Berks, who have,
for a score of years, shown, in a worthy
cause, the noblest devotion to principle.—
I am here at the request of the Chairman
of the Republican State Committee to ad
dress you, as I may, on the political topics
of the hour.
The Democrats at Eric, alter a fierce
struggle of two days, finally agreed upon
their ticket and platform. The history of
that Convention reveals to the eye of the
whole Commonwealth the rent condition
of that party, the feuds which distract it,
and the absolute want of a common bond
of union. The general result must be ac
cepted a 3 a revolt against the further
leadership of the newly-made Senator from
Pennsylvania, who went down under the
assaults of a compact combination among
his rivals.
On the surface, the nomination ofJudge
Pershing appears to have come by one of
those audacious movements which fre
quently sweep through an excited and
wearied body. But the secret history,
since made known, shows that it was care
fully devised in advance ; that the nominee
was deliberately selected before the body
met, and by one not of their number; that
the plan of operation, afterwards carried
out by able and trusty lieutenants, was the
offspring of the fertile brain and skillful
management of Colonel McClure, of the
Philadelphia Times, who served in the
Legislature with Judge Pershing, in mem
orable days, and who doubtless "knew
his man." The veil selected to cover the
ground of choice was well chosen, and
though flimsy, was the best the case af
forded. It was because Judge Pershing
had sentenced to imprisonment three men
who had been convicted before him of a
crime. Sir, what else could he have done?
Had he done less he would have deserved
impeachment. What other Judge in the
State would not have likewise done his
duty ? To make an especial merit of this
is to insult every man who worthily wears
judicial robes.
JUDGE PERSHING'S LEGISLATIVE RECORD,
It is said that Judge Pershing's service
in the Legislature was such as to commend
him to the people. both for its personal in
tegrity and its political rectitude. Of this
the people can better judge when the
record is examined, as it no doubt will be.
I have no charges to make involving the
former. It is of the latter only that I pro
pose to speak. If the people, after con
sidering it, approve it, their basis of judg
ment will differ from mine.
I find that in the Legislature of 1863,
his party being in the majority, he was
guilty of the inhumanity of voting for a
bill to prohibit colored persons from cow
ing into the State to make it their tempo•
rary or permanent residence. In the same
Legislature he voted for resolutions de
nouncing President Lincoln's emancipa
tion proclamation as unconstitutional, and
his other acts under the war power as ar
bitrary and unjust. As if to give empha
sis to his love for slavery, we find him in
the Legislature of 1865, resisting the rat
ification of the thirteenth amendment, and
voting against the first and greatest con
quest of the war, in these immortal words :
"Neither slavery nor involuntary servi
tude, except as punishment for clime
whereof the party shall have been duly
convicted, shall exist within the United
States or any place subject to its jurisdic•
tion."
To crown this amazing subserviency, we
find him in the Legislature of 1866 voting
against the resolution instructing our Sen
ators and requesting our Representatives
"to resst the admission into full fellowship
as States of any and all the States lately
in rebellion until the organic law of the
nation shall be so amended as to prctect
the credit of the Government; to prevent
the payment of any debt incurred by re
bellion ; to define the paramount authority
of the General Government; to protect all
persons in all States in their rights before
the law ; to prevent compensation for eman
cipated slaves, and to establish an equal
basis of representation, and thus secure to
the nation the just fruits of the war in
augurated wantonly by treason."
Under these principles the fourteenth
amendment was based. Judge Pershing
was not in the Legislature when the formal
vote on the ratification was taken, but we
have a right to assume that he was as hos
tile to these conditions when thus formu
lated as before. So that if the people of
Pennsylvania have a pride in the absolute
freedom of our whole people as conferred
in the thirteenth amendment, or have a
sense of security under any of the far
reaching provisions of the fourteenth
amendment, uo part of their gratitude for
these is duo to the Democratic nominee for
Governor; but ail are enjoyed in spite of
his influence and his efforts. Having the ,
disposition betrayed by these votes, it was, I
of course, easy for him to oppose, in the
Legislature of 1864, the bill giving the
soldiers in the army the right to vote in
their camps. Willing to be guilty of so
great injustice to men who were actually
battling for the preservation of their gov
ernment, it is not surprising that he should
have found a reason in 1863 for voting
against an act to prohibit corporations
from paying their employes in orders upon
stores, and in 1865 for voting for an act
to make the employes of railroad corpora
tions responsible for accidents, instead of
the corporations themselves.
To state this record is to convict him,
during the struggle of the war, of the in
tensest form of partisanship, and to connect
his name with those reactionary efforts
which, if successful, would have made the
war on our part a useless and a criminal
sacrifice of blood and treasure, and would
have covered this generation with shame
and opened for posterity the floodgates of
misery.
In the face of such votes it is impossible
to deceive the people of Pennsylvania into
believing him a proper man to reward with
the highest honor in their gift. Clamor may
do much to becloud the public judgment,
and false claims may for a time mislead, but
the stern test of 'actual fact will dispel
every cloud and correct every illusion.
HUNTINGDON, PA., WEDNESDAY, SEPTEMBER 29, 1875.
GOV. HARTRAN.FT'S MILITARY AND CIVIL
RECORD,
In striking contrast with all this child
ish toying with treason, its causes and re
sults, is the career of Gov. Hartranft.—
While Judge Pershing was seeking to
fasten the chains already upon the slaves
General Hartrauft was faithfully making
the fight, which after 1862, became inev
itably a fight for emancipation, and he
faithfully and intelligently accepted the
logic of the case. While Judge Pershing,
in the Legislature, was seeking to deprive
the soldiers in the army of the dearest right
of the citizen, and thereby weaken the
cause of loyalty and strengthen the hands
of disloyalty, Hartranft was baring his
breast to the foe and extorting praises,
from all men for gallantry in the field.—
A grateful people upon the advent of peace
called them into his civil service, where
he has been known and read of all men
from that day to this. For the last three
years he has discharged the most difficult
and delicate duties which they can impose
upon any citizen; and yet a convention of
his opponents, as able a body as ever as
sembled under that banner, were unable
to find a flaw in his career, and adjourned
without taking issue upon a single act of
his Administration I Not that they would
not, if they could, but because they could
not—thus, perforce, paying him the high
est tribute ever paid within my recollec
tion to any Governor in Pennsylvania.—
The people cannot fail to note this signi
ficant fact, which is a confession in ad
vance that although they oppose his re
election, it is from other causes than those
for which he is responsible, and which
have their origin in the desire for the pos
session by themselves of the power of his
great office. I much mistake the feelings
of the people if'they will, without reason,re
pudiate a faithful officer to give place to
any aspirant, however shrewdly selected
and however boldly foisted on his party.
STATE ISSUES,
The only resolutions in the Democratic
platform which refer to the State affairs
arc the fourth, fifth and sixth, and they
are limited to the State Treasury and the
denunciation of the present State Treas
urer. As he is not the nominee of the
Republican party for that office his record
is not in the issue, but it is only simple
justice to present, in reply to these
charges, such facts as have been officially
developed. The fourth retention cen
sures the State Treasurer for neglecting to
appropriate the moneys in the Sinking
Fund to the payment of the public debt as
rapidly as required by law ; but the Com
missioners of the Sinking Fund, consisting
of' Messrs. Quay and Mackey (Republi
cans), and Mr. Temple (Democrat), who
have charge of these moneys, last month
held a meeting and made a statement to
the effect that five hundred and eight
thousand and eighteen dollars and twenty
six cents were all the obligations of the
State now due or which may be called at
her option, and that tilt re were but four
hundred and fifty-seven thousand four
hundred and eighty-three dollars and eight
cents ($457,483 08) in the Sinking Fund
applicable to this purpose, and although
the amount in hand was fifty thousand
dollars ($50,000) short of the amount due
they unanimously resolved to give notice
of the payment of them, interest to cease
on the first day cf November next. How
much more rapidly these moneys could
have been appropriated than they have
been the Democratic Convention have
failed to tell, nor is it easy to see. I am
informed, as I believe credibly, that upon
the payment of these particular bonds
there will be no others which the State
will have option to pay until the Ist of
November, 1877, so that, to-day, all are
provided for which can be provided for
within the next two years. The State
Treasurer is also censured for not account
ing for the interest received by him on
the money deposits of the State, and a
call made by the discontinuance of the
practice by State Treasurers of employing
public moneys for their own profit or pur
poses. There can be no doubt of the pro
priety of' such legislation as will break up
the practice. The resolution of the con
vention would have been more creditable
to its candor if it had admitted, what it
no doubt knew to be a fact, that this per
nicious practice had its origin in the times
when the Democratic party ruled the
State. If the gentlemen who reported this
resolution, Hon. Francis W. Hughes, de
sires to have presumptive evidence of the
existence of this practice as far back as
1853, when he was the Secretary of' the
Commonwealth, I will refer him to a signi
ficant piece of financiering of which he
could hardly have been ignorant then,
though ho may have forgotten it now.—
The year 1853 began with debt less cash
in the Treasury of $40,142,264 37. In
December 1853, it stood thus :
Funded debt
Cash borrowed from banks in June,
1853, and unpaid at the end of the
year
Total 41,156,279 54
Less cash in Treasury, Dee., 1853 724,417 35
Actual debt 40,431,512 19
It will be observed that this temporary
loan of $590,000 was made in the month
of June as a temporary loan, and was not
paid during the year, and yet we find that
the following balances were in the State
Treasury at the end of each month during
the last six months of the year :
Juno 30th SI,O7S,SS7 90
. .
July 31st 1 ,861,606 05
August 31st 1,179,096 36
September 30th 1,200,593 37
October 31st 806,110 62
November 30th 724,417 35
For part of the time the balance on hand
was more than double the amount of the
temporary loan, yet it was unpaid, interest
accrued upon it, and the Commonwealth
derived no benefit from the balances. Is
it ungenerous to suggest that some one
else did, or this amazing folly could not
have occurred ? It appears to me a cu
rious coincidence that the presiding genius
of this system of finance should have been
the head and front of the Eric Convention.
TLTE SINKING FUND AND THE PUBLIC
DEBT
I am glad to know that the Democratic
party believe in the Sinking Fund, and
that they intend to help protect it. -I con
gratulate them upon this. I remember
when the Sinking Fund was established
under the Whig adwinistratton of Gover
nor William F. Johnston, which, upon its
accession to power,unshrinkingly addressed
itself to the devising of a plan for th©
maintenance of the credit of the Common
wealth, and which boldly levied new taxes
for that purpose. This was done amid the
opposition and the derision of the Demo
cratic leaders of the day, who, faithless
themselves to their duty, were jealous of
the efforts ofothers to perform it. Through
the operation of that Sinking Fund, and
by wise management of the State finances,
the public debt has been reduced from
forty odd millions of dollars, which the
Bigler-Hughes dynasty bequeathed to ns in
1855, to the nominal sum of twenty-three
millions of dollars, and to the actual sum
of fifteen millions of dollars net in 1875
all within a period of twenty years. Du
ring all this time the great measures which
built up the Sinking Fund were enacted
without the votes of the Democracy ; and
in this I include the first great effort of
this people to rid itself of a paralyzing in
cubus by the sale of the main line of the
public wtrks. It is pleasant to know that
if the Democracy never helped us to put
anything into the Sinking Fund they now
propose to help us to keep anything from
getting out. Let me add, for the benefit
of those who wish to know the Legislative
record of their candidate, that when the
bill was passed wiping out the tax on real
estate and transferring to corporations the
burdens thereby taken from the people,
Mr. Pershing, though a member of the
Legislature, failed to record his vote upon
that bill, as if thereby to show his fidelity
to the corporations rather than to the peo
pie, of which he is said to have given
many proofs tetides the two I have named
elsewhere.
NATIONAL ISSUES-LEGAL TENDER NOTES
AND THE CONTRACTION OF THEM
The burden of the complaints in the
Democratic platform, however, is of
national politics, and at an election too,
when only state officers are to b 2 chosen.
It charges contraction of the currency as
the cause of the panic and of the present
depression in business, and holds the Re
publican party responsible for these re
sults. Let us see by the record what the
contraction has been, and who made it.—
In 1862 the Government of the United
States commenced the issue of legal-tender
notes. The first issue was of one hundred
and Fifty millions of dollars (150,030,000).
This was in February, 1852. Four months
thereafter Congress authorized one hun
dred and fifty millions (150,000,000)
more. Eight months thereafter it author
ized one hundred and fifty millions (150,-
000,000) more, making four hundred and
fifty millions (450,000,000) in all, of
which fifty millions (50,000,000) were to
be used as temporarily required for the
redemption of temporary loans. Their
issue was proposed, advocated, and de
fended solely as a "war measure" in both
houses of Congress, and was justified by
its friends by the overwhelming necessity
then upon the country, which is the ground
upon which the Supreme Court of the
United States, in their last decision, sus
tained their use as a legal tender in pay
meats of all private debts. To quiet
anxiety as to the extent of this issue, which
had always trebled the amount fixed for it
in the beginning, and to aid in placing the
large volume of bonds created, Congress,
during the war, on the 30th of June, 1864,
declared, in the act for the issue of four
hundred millions (400,000,000) of six per
cent. bonds and of fifty millions (0,000,-
000) of fractional currency, that, '•the
total amount of United States notes issued
or to be issued shall never exceed four
hundred millions of dollars, and such ad
ditional sum not exceeding fifty millions
(50,000,000) of dollars as may be tem
porarily required for the redemption of
temporary loans." This pledge remains
unrepealed and inviolate.
WHO VOTED FOR "CONTRACTION IN 1865,
One of the first financial steps taken af
ter the war was for the contraction of the
currency, the Secretary of the Treasury,
at the first session of Congress, having
strongly urged the necessity of it. With
in two weeks the House of Representa
tives responded to that recommendation
by the adoption of a resolution cordially
concurring in the views of the Secretary,
and pledging co operative action to that
end as speedily as practicable. That res
olution was adopted by the enormous vote
of one hundred and forty-four to six, but
one Democrat voting against it—among the
affirmatives so well-known names as Syd
enham E. Ancona, Benjamin M. Boyer,
John L Dawson, Charles Denison, Philip
Johnson, Samuel J. Randall, and Myer
Strouse. In four months Congress ma
tured and passed—April 12, 1866—the
act authorizing a retirement and cancella
tion of ten millions (10,000,000) within
six months, and four millions (4,000,000)
in any month thereafter. Upon this bill
there was but one Democratic vote in oppo
sition. In the Senate the negative vote
was exclusively Republican, both our
Pennsylvania Senators (Buckalew and
Cowan) voting in favor of it, with the
Democratic Senators generally. Under
this law, thus passed, forty-four millions
(44,000.000) were retired in the next two
years, up to 1868, leaving the amount in
circulation at the time of the panic in
1873, three hundred and fifty-six millions
(8356,000,000). After that event the
Secretary of the Treasury, claiming the
lawful power, reissued twenty-six millions
(26,000,000) bringing the amount up to
three hundred and eighty-two millions (382-
000,000) in Ju1y,1874,0r but eighteen mil
lions (18,000,000) less than the maximum
amount. One would hardly suppose, from
the violence with which the contraction
thus far made is denounced, that the en
tire force of the Democratic party in Con
gress was arrayed in favor of this measure.
590,000 00
SUSPENSION OF "CONTRACTION."
But this is not all. Early in 1868
Congress intervened to- suspend contrac•
tion, and by law so directed February 4th.
Upon this bill, which passed the House
largely, I see the Democracy of Pennsyl
vania arrayed themselves in opposition, not
one of them voting to stop contraction.—
The names of Getz, Glossbrenner, Randall,
and Woodward have, every one of them,
the ring of hard money.
There is no further legislation on this
subject until after the panic of 1873.
THE VETOED CURRENCY BILL.
A large part of the session of Congress
of 1874 was spent upon it. After long
discussion an act finally passed both
houses fixing the maximum amount of
United States notes at $450,000.000,
which would have involved an authority
to reissue $18,000,000 more than were
then out, and authorizing the issue of
$46,000,000 to national banking associa
tions to be distributed among the several
States. This bill, which was a measure of
inflation, and on that ground was vetoed
by the President, did not receive the sup
port of a single Pennsylvania Democrat,
so that if the country today be suffering
from the effects of a contracted currency
there is as much responsibility for that
result upon the Democracy of Pennsylva
nia as upon any other portion of the coun
try, through their Representatives, and
their attempts to shirk it and fix it upon
others, partake of the nature of a disrep
utable trick.
"COIN INTEREST."
So also with the other resolution, which
demands that the Government should cease
to discredit its own money, and should
make its legal tenders receivable for all
public dues, except when respect for the
obligations of contracts require payment
in coin. You may be surprised to hear
the record of the Democratic members of
Congress touching the legislation thus
complained of. In 1862, while this legal
tender question was pending, the House
bill made these notes "receivable in pay
ment of all taxes, duties, imposts, excises,
debts, and demands of every kind due, to
the United States, and for all salaries,
debts, and demands owing by the United
States to individuals, corporations, and as
sociations within the United States, and
shall also bo lawful money and a legal
tender in payment of all debts, public and
private, within the United States." in
which form it passed—yeas 93, nays 55
receiving the support of but five members
in good standing in the Democratic party,
and encountering the opposition of such
Democrats as Messrs. Ancona, Biddle,
Johnson. Lazear, and Hendrick B. Wright:
To make their position more emphatic, I
find these gentlemen voted for a proposed
substitute for the House bill, which made
such notes "receivable for all public dues
except duileA on imports, and for all sal
aries, debts. and demands owing by the
United States to individuals, corporations,
and associations within the United States
at the option of such individuals, corpora
tions, and associaticree" The Senate
amended the House bill so as to make
these notes receivable for all claims and
demands against the United States of every
kind whatsoever, except for interest span
bonds and notes, which shall be paid is
coin. This section establishing coin in
terest upon United States bonds, and
which, therefore, necessitated the payment
of duties on imports in coin, was agreed
to in the House on a direct vase—yeas 88,
nays,
55—every distinctive Democrat is
the body roving for that proposition.—
Among them are the familiar names of
Ancona, isiddle, Holman, Philip Johnson,
Henry May, George H. Pendleton, Clem
ent L. Vallandingham, Daniel W. Voor
bees, and Hendrick B. Wright. Had even
one half the Democratic members of that
Congress voted otherwise, this "discredit
ing of its own money" had never been
done. And now a Democratic convention,
presided ever by one of the authors of
the denounced "discrimination" inveighs
against it as a shameful act of the Repub
lican party.
RESUMPTION ACT OP 1975.
Nor is this the only occasion on which
a like attempt to evade responsibility has
been made. This convention pirticularly
denounces the resumption act of January
14, 1875. Evidently the men who drew
the platform never read the law, for its
great feature is the establishtueat of the
system of free banking. The eighth reso
lution denounces the present National
banking system as an "already dangerous
monopoly," when eight months prior to
the promulgation of this falsehood, every
trace of monopoly had been swept from
the system.
What is the resumption act ? I bold a
copy of it in my hand. The first section
provides for the coining at the mint of
ten, twenty-five, and fifty cent pieces
for the redemption of the forty-five millions
of fractional currency now out.
The second section repeals the charge
of 1-5 of one per centum for converting
standing goldbullion into coin.
The third section—and I ask special
attention to this—repeals the limit of cir
culating notes of the National banks. It
authorizes each existing bank to in
crease the circulating notes under the law
without respect to any limit heretofore
made.
It authorizes new banks to be or r pnized.
under the law, without respect to any pre•
vious limit.
And it repeals ail previous provisions
of law for the distribution of National
bank currency among the States and Ter-
ritories.
It also provides that as new notes are
issued to existing or to new banks. -It
shall be the duty of the Secretary of the
Treasury to redeem legal tender United
States notes in excess only of three hat)
dred million of dollars to the amount of
eighty per centum of the sum of National
Bank notes so issued to any such banking
association as aforesaid, and to continue
such redemption as such circulating notes
are issued until there shall be outstanding
the sum of three hundred million dollars
of such legal tender United States notes,
and no more."
It also provides "that on and after the
Ist day of January, 1879, the Secretary of
the Treasury shall redeem in coin the
United States legal tender notes then out
standing on their presentation for redemp
tion at the office of the Assistant Treas
urer of the United States in the city of
New York, in sums of not less than fifty
dollars."
And it is also provided that to enable
the Secretary to prepare for this redemp
tion, he is authorized to use any surplus
revenues in the Treasury not otherwise
appropriated, and to sell, at not less than
par in coin, either of the descriptions of
bonds named in the the act of July 14,
1870, to the extent necessaay to carry
this act into full effect, sod to use
the proceeds thereof for the purposes
aforesaid.
It will be observed that the privilege of
free banking was instantaneous upon the
passage of this act, and it is to day in
Fall force and effect. Whenever and where
ever more circulation may be needed it is
competent for parties in interest to ore;a
nize a bank and secure notes for the trans
action of business. As fast as new hanks
may be organized an enlargement of the
currency will be secure'], and such relief
obtained as may be possible from that
source. The increase is absolute to the
extent of twenty per cent. of the amount
of the new circulation issued, and after
the reductirin of the legal tenders to three
hundred millions (300,000,000), the in
crease of the currency will keep pace with
the increase of banks, awl will respond to
the demands of trade. Under this act of
1375 the Secretary of the Treasury has al
ready, I understand, retired eight millions
(8,000.000) of greenbacks, and has issued
ten million dollars of bank notes, showing
that up is this time there has been no
contraation of currency as a result of the
passage of what was known as the resump
tion act. To most minds a system of free
banking appears to offer the best solution
of our troubles, and it was in confident re
liance upon the healthful operation of that
influence that the Republicans of ibis
State relied, when in their platform they
resolved in favor of "free banking, s safe
and uniform currency adjusted to the
growing wants of the business interests of
the country, and a steady reduction of the
National debt."
THE DATE FOE RESUMPTION
And now as to the date of reitimption.
The history of the act shows that the date
finally sehetefl iris a ermipromite betimes
those who, like the Prosaism, awash(
possible to teatime by the Yonnit of July.
1876, and those who se iml a dads fro
years later or more. The imit of immary,
187), was finally hit. upon s p sin the
husinesi men of the ennettry apes
notice, and enahliog them to ai4uot their
business to that sew eoadition. Sell at the
same time giving to the GoTernment ample
opportunity to fortify itself for the treat
It was deemed ansessery to In enerethiag
in that direction. in order to ma the pos
lie preparation for it. The tlay tsas. of
course, an arbitrary selection, made wean
sarily upon jodpeest, apes snob hum
connected with the mosey comition of,
the country as were apparent. Setae sew
dealer, voted against the bin beams the
day was to remote, others bosom, it as
ton early. No man in his semen wood
adhere to a fuel day. in the face of door
evidence that adherence to it would hireling
disaster to the people. Nor would any
reasonable man abandna the booms ream
to resume until clear evidence appear shot
the country is sot ready for it. Time
alone will disclose the Circe of the Sego
ences now at work to olive this problem ;
and there is abundant opportunity Ow so
appeal to the low multi. power, .bosh •
change of date be dommoisd.
DIWOcitATIc Vann OW 11111111319710, DAT.
But whenever and by whomsoever ems
plaint may be made of the dry sow floe
for repurnptiim, lac of limeory, Int it it
an apt infiltration of hew Nightly tow
men a opinions he et me thaw, so Sod ills
Penneylvaeia Democracy sroulkor few* '
bowl of reprobation ; tar. so arming so
the reeord. i lad that se the Uds
April, 1574. in the Fosse of Reyeemesoa
tives. pending the enesiderstiee of the
Howe eerroney bill, the Sea I. II How.
of Marenebosetts. Jared a puerouitiao
that -frogs sad after the few* dry el
July, 1874, sethieg but geld sod surer
eois of the U.sited States siell be a level
tender for the parysiest of soy duet them
after enntrveted, sea alter that doe every
holder of United Stake ester seal! Inge
the right to szsbaelis them at the 'Tomo
sty for four sad mile-half per ant beak
thirty yews, payable, prieeiyel sod ismer
es. in gold, the sorer BO rulhoupd to be
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to be Used is firs *mot" Tbi sobsd
resumption propmsition for Jely 4, Mt
was eased for by fear of the lire Aro
gone umbers of Prosoyirosis, Nam
Clymer, Magee, !Nasdaq, and Spoor, iris
of whom were is menu 11.1111611011 slims
the Erie Coorsatioe. It the oast bog,
Convention, held thereof*, she Porosyl
vsais Numerate sesbousei this *eta by
molving in favor of “As *wady Awe to
bring the Gorerommest sun so par midi
gold. sad to seesaw a raters Ie "sae pry
meow at the earliest poseihle period that
resneiptine esn be elected wtth
This year the convention has shjormi its
principle.. violsted it, goofiness, sbendon
ed the ideas which have skew se s bursas '
upon their pathway sod gleam or is. put
history its thiefest glory ; sod it us dose,
as many other cowardly thin-p have bean
done. for expediesey's sae. seder as si
larentent of ambition. mod in the vein
hope that, terming up its post. it mien
march to the heights of power. What
ever else the people of this cesetry res,
have done, they have sever penmesiestly
confided in any arm or is say party whew
principles arc fur sale ; sod it is to the
deep discredit of the Demers*, of Pow
sylvania that, by their owe coeSimsios, they
no longer believe is asythis/.
THR DOIOCHATIC R3SZDT
In the light of what has lege Aveiro,
how aboard and yet astoundirrg is the de.
roan,' of the Neineratie Coerveweiee ! It
is for the extinetiost of the mune
a! bank. And the erahliehaeret its their
stud of a systems of free limb of frasseses
and di•po-it antler such regidetione so the
State; respectively may praveribe, asld 66
raper money except seal se may be hand
directly by and epee the Amish of the V.J.
oral Government. Wby, the pewees %a.
61031 banking Apia., is , at this sarsmot~
a system of free beaks of ammo, epe►
it, and i.sue, ender nmeisesee premeribed
by the Geer& tieverseseee, and yids is
cirealatioe every idler of ratiereal
by a bond representing the faith sod hied
ing the wealth of the whole seine ilbs
new plan wholly fails is issfieete hoer the
currency to be 'leveed ender it in sii Is
paid for ; bus the peenenpeion is that whin
the parties brill es the ltrasesity the soi
entities which the particular State re vireo
the riovernment will be baled Rr roar ion
obligation., therefor. sod oaf the seinriii
ties, whatever they sty be Ors is is.
ten d e d ch a t she tiovereieeft shell 1.
the paper on all. red the Steles held the
secant les r whist ether labri
pLoised isespriamble, ie these behind
this proposition' The schen, embers
the collection le s sennory tray of tie
nine hundred maltose or &Sere (SW :
000,000) dye the boobs by
which would seen a ensinsreed ;seer
seeb as this emsetry lee error sew we
any visionary ever eseeente4. 1t tt~t~M
involve the withdrawal and isteillsones at
enormous amounts of itteeesesor is MSS
and otherwise. to the prelleile fate
portions of them. It wail reepelee mna Z
withdrawal sod sale of the for ltesiodi
millions (1500,000,000) of tievenisne•
bonds, held by the Goverment at issuer
ty for the eireelotioe, to mike this,
the market be demand theniby, s 'bop
prey for foreign espied. thee leavening by
thirty =Mime ($30,000,0124phil ar
busily oar indebtedness to ; ea if
not fully that, to stagger owe owe eagle;
to tha pest depreenos of atl the eine so•
auricles epee is.
It ceases be prole del dot the show
could give es a serer serrearey thee we
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that reqw required for beak invested". ?
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