VOL. 42.
The Huntingdon Journal.
(Vice in new JOURNAL Building, Fifth Street.
TII HUNTINGDON JOURNAL is published every
Friday by J. A. Nasu, at $2,(4) per annum IN ADVANCE,
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No paper discontinued, unless at the option of the pub
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JOB PRINTING of every kind, Plain and Fancy Colors,
done with neatness and dispatch. Hand-bills, Blanks,
Cards, Pamphlets, &c., of every variety and style, printed
at the shortest notice, and everything in the Printing
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the lowest rates.
Professlonal Cards.
TR. G. B. HOTCHKIN, 204 Mifflin Street. Office cot'
11 ner fifth and Washington Ste., opposite the Post Of
fice. Huntingdon. Unnel4-1878
TA CALDWIL'LL, Attorney-at-Law, No. 111, Srd street.
1./. Office formerly occupied by Messrs. Woods & Wil
liamson. [apl2,'7l
DA. B. BRUMBALJGII, offers his professional services
I/ to the community. Office, No. 623 Washington street,
ene door east of the Catholic Parsonage. [jan4,'7l
HYSKILL has permanently located in Alexandria
if to practice his profession. [jan.4 '7B-Iy.
Ee. STOCKTON, Surgeon Dentist. Office in Leigter's
E. O.
building, in the room formerly occupied by Dr. E.
J Greene, Huntingdon, Pa. [apl2B, '76.
GEO. B. ORLADY, Attorney-at-Law, 405 Penn Street,
Huntingdon, Pa. [n0v17,'75
GL. ROBB, Dentist, office in S. T. Brown's new building,
U No. 620, Penn Street, Huntingdon, Pa. [ap12.71
H.C. MADDEN, Attorney-at-Law. Office, No.—, Penn
. Street, Huntingdon, Pa. [apl9,'7l
TSYLVANUS BLAIR, Attorney-at-Law, Huntingdon,
tl • Pa. Office, Penn Street, three doors west of 3rd
Street. Dan4,7l
T W. bIATTERN, Attorney-at-Law and General Claim
Agent, Huntingdon, Pa. Soldiers' claims against the
Government for back-pay, bounty, widows' and invalid
pensions attended to with great care and promptness. Of
fice on Penn Street. Lian4,'7l
T 8. GELSSINGER, Attorney-at-Law and Notary Public,
Huntingdon, Pa. Office, No. 230 Penn Street, oppo
site Oourt House. [febs;7l
K FLEMING, Attorney-at-Law, Huntingdon, Pa.,
L)• office in Monitor building, Penn Street. Prompt
and aareful attention given to all legal business.
[augs,74-6mos
WILLIAM A. FLEMING, Attorney-at-Law, Hunting-
VT don, Pa. Special attention given to collections,
and all other legal business attended to with care and
promptness. °Rice, No. 229, Penn Street. [apl9,'7l
Miscellaneous
AVERILL BARLOW,
45 South Second Street,
Has the largest and best stock of
Fu . BNITURE,
IN
PHILADELPHIA.
All those in want of Furniture of
any quality, examine goods in other
stores, then call and compare prices
with his. He guarrantees to sell low
er than any other dealer. Every ar
ticle warranted. [ jan.2s-Iy.
FOR SALE.
. CHOICE
PMIG LANDS
MINNESOTA AND DAKOTA,
BY THE
Winona & St. Peter Railroad Co.
The WLNIONA & ST. PETER R. R. Co., is now offering
for sale, at VERY LOW prices, its land grant lands along the
line of its Railroad in Southern Minnesota and Eastern
Dakota, and will receive in payment therefor, at par, any
of the Mortgage Bonds of aaid Company.
These lands lie in the great wheat belt of the Northwest,
in a climate unsurpassed for healthfulness, and in a coun
try which is being rapidly settled by a thriving and indus
trious people, composed to a large extent of farmers, front
the Easleru and the older portions of the horthweetern
States.
11. M. BURCIIARD, Land Agent, for sale of Lands of
said Company, at MARSIIALL, LYON COUNTY, MINN&
SOTA.
GEO. P. GOODWIN, Land Commissioner.
General Office of Chicago & North-western Railway Co.,
thicago, 111. .
. . .
To all persons requesting information, by mail or cab
erwise, Circulars and Mai,s will be sent free of cost by said
Land Commissioner or said Land Agent. [mchl-8m
Patents
obtained for Inventors, in the United States, Cana
da, and Europe at rednced rates. With our prin
cipal office located in Washington, directly opposite
the United States Patent Office, we are able to at
tend to all Patent Business with greater promptness
and despatch and less cost, than other patent attor
neys, who are at a distance from Washington, and
who have, therefore, to employ "associate auorneye.',
We make preliminary examinations and furnish
opinions as to patentability, free of charge, and all
who are interested in new inventions and Patentsare
invited to send for a copy of oar "Guide fur obtain
ing Patents," which is sent free to any address, and
contains complete instructions how to obtain Pat
ents, and other valuable matter. We refer to the
German-American National Bank, Washington, D.
C ; the Royal Sweedish, Norwegian, and Danish
Legations, at Washington; Eon. Joseph Casey,
late Chief Justice U. S. Court of Claims; to the
Officials of the U. S. Patent Office, and to Senators
and Members of Congress from every State.
Address: LOUIS BAGGER & CO., Solicitors
of Patents and Attorneys at Law, Le Droit
Washington, D. C. [apr26 '7S-tf
411ai ,. • A LECTURE
TO
- YOTT.NG MEN_
A Lecture on the Nature, Treatment, and
Radical Cur• of Seminal Weakness, or Spermatorrho,a,
induced by Belt-Abuse, Involuntary Emissions, Impoten
cy, Nervous Debility, and Impediments to Marriage gen
erally; Consumption, Epilepsy, and Fits; Mental and
Physical Incapacity, Ac.—By ROBERT J. CULVER
WELL. M. D., author of the "Green Book," Ac.
The world-renowned author, in this admirable Lecture,
clearly provee from his own experience that the awful
consequences of Self-Abuse may be effectually removed
without medicine, and without dangerous surgical opera
tion, bougies, instruments, rings, or cordials ; pointing
out a mode of cure at once certain and effectual, by which
very sufferer, no matter what his condition may be, may
are himself cheaply, privately and radically.
Sent, under seal, in a plain envelope, to any address, on
receipt of six cents, or two postage stamps.
Address the Publishers,
THE CULVERWELL MEDICAL CO.,
41 Ann St., N. Y; Post Office Box, 4586.
July 19-9moe.
CHEVINGTON COAL
♦T THE
Old "Langdon Yard,"
in quantities to suit purchasers by the ton or car
load. Kindling wood out to order, Pine Oak or
Hickory. Orders left at Judge Miller's store, at
my residence, 609 Mifflin at., or Ouse Hayman&
may 3,'78-Iy.] J. 11. DAVIDSON.
HROBLEY, Merchant Tailor, No.
• 813 Mifflin street, West Huntingdon
Pa., respectfully solicits a share of public pat
ronage from town and country. [octlB,
SCHOOL of every B OOKS
variety, cheap,
JOURNAL STORE.
at the
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Printing
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Stir All letters should be addressed to
J. A. NASH,
Huntingdon, Pa.
El2titsts' *Jur.
Come, listen to me for a while, my lad
Conic, listen to me for a spell
Let that terrible dram
For a moment be dumb,
For your uncle is going to tell
What befell
A youth that loved liquor too well
A clever young man was he, my lad,
And with beauty uncommonly blessed,
With brandy and wine
He began to decline,
And behaved like a person possessed ;
protest
The temperance plan is the best.
One evening he went to the tavern, my lad,
He went to the tavern one night,
And, drinking too much
Iturn, brandy and such,
The chap got exceedingly "tight;"
And was quite
What your aunt would entitle a "fright."
The fellois fell into a snooze, my lad,
'Tis horrible slumber he takes—
He trembles with fear,
And acts very queer—
My eyes I how he shivers and shakes
When he awakes,
And raves about horrid great snakes.
'Tis a warning to you and me, my lad,
A particular caution to all—
Though no one can see
The viper but he—
To hear the poor lunatic bawl,
"How they crawl
All over the floor and the wall I"
00000000
Next morning he took to his bed, my lad,
Next morning he took to his bed ;
And he never got up,
To dine or to sup,
Though properly physiced and bled ;
Next day the poor fellow was dead.
You've heard of the snake in the grass, my lad ,
Of the viper concealed in the grass ;
But now you must know,
Man's deadliest foe
Is the snake of a different class ;
Alas!
Tis the v i per that lurks in the glass.
Vinces (tory.
TWICE ENTRAPPED
Years ago, when Pike's Peak was the
centre of attraction to the gold finder, as
the Black Hills are to-day, I, with a mul
titude of others, went and returned with
but little of the yellow metal to show for
the endurance of mining hardships.
My venture, however, was not entirely
unprofitable, for, as luck would. have it, an
opportunity was offered to benefit others in
benefitting myself I had become restless
and discontented through ill success, and
threw up claim after claim without very
thoroughly "prospecting" any of them.
One day I visited a mine said to be pay
ing, having a curiosity to see such a one,
and here met a character that changed my
whole purpose. Among the miners was
one, a low browed, black-eyed, dark-corn•
plexioned man, whom I recognized as a
desperado that I had seen in New Orleans
two years before, and on whose head was
placed a large reward.
He was changed into almost ancther be
ing with his various means of disguise, but
withal I was certain that I knevi the man
as the very one I bad seen in the criminal
box and convicted of robbery and intended
murder.
I watched him until the suspicions were
made doubly sure, and then dispatched a
letter to the proper authorities in Louis
iana, informing them that the escaped
convict was there, and that I would keep
my eye upon the villain until the officers
of the law could arrive to secure him.
It would not be safe, I thought, to trust
the secret to any one among the miners,.
for I did not know who could be trusted,
and it would not be a very pleasant under.
taking to attempt to handle him single
handed. He was powerfully muscular and
armed to the teeth, besides his desperate
character and small regard for human life
would make him an ugly customer to con
tend with.
Under the pretense of being out of
money, employment was obtained to assist
in digging. There was no risk in this, for
Mezler, alias Benson, I was convinced, did
not recognize me ; indeed, it was doubtful
whether he had ever noticed me before, as
I had no personal acquaintance with him,
so I worked on day after day until a full
month had passed before any reply came
to the letter of information that had been
sent.
At last a brief note was received, ask
ing further instructions as to the where
abouts of Mezler, sent down from Denver,
to which I immediately replied, asking the
officers to arrive at the gulch after night
fall on a certain evening appointed, and I
would meet them outside the mine and
have everything in readiness for the arrest
of the criminal.
On the afternoon of the day appointed
For the meeting, I managed to get hold of
Mczler's revolvers, and having filled the
barrels of blank cartridges, felt that a good
work had been accomplished. His knife
I could not get away from him without
awaking suspicion, 51 concluded not to
make the attempt.
But two men came to make the arrest,
not so many as I had hoped for, as it was
uncertain what resistance would he offered
on the part of Mezler's messmates. We,
however, concluded to run the risk and
make the attempt.
I was to lodge with Benson, as he was
called among the miners, and repaired to
the tent as soon as the plans of operation
had been matured.
B
a
0
Ile sat in the lodge smoking his pipe,
and paid but little attention to me am I
entered. I sat down on a stool, and both
remained silent for a time. I could see by
the light of the dim taper that Mezler was
troubled about something.
At last he broke the silence by setting
his black, glistening eyes upon me,and in a
hoarse voice he growled between his teeth :
"You are a devilish scoundrel !"
.-c5
.-:
co
't:l
so
—,
CD
a•
I started as if a bomb shell had hit me,
but instantly controlling the emotion, I
replied firmly :
"Your words, sir, demand an explana
tion. I allow no man to talk to me in
that manner."
0
O.
cfl
co"
"Whether you do or not," he growled,
"you are ! You are here for a false pur
pose. You have tampered with my pistols
to-day. I have loaded them again, and
have a mind to empty a barrel now in your
-head !" he concluded with an oath, at
the same time slipping a revolver from his
pocket and holding it threateningly in his
hand.
I saw that I must change the tactics or
lose the game, and perhaps my own life.
Rising to my feet, I said :
"Benson, you are a Southerner, are you
not ?"
Delirium Tremens.
RV JOHN H. SAXE
BY C. LEON MEREDITH.
HUNTINGDON, PA,, FRIDAY SEPTEMBER 6, 1878.
"I am," was the cold reply
"So am I, and to show you that I am
not a coward, I will meet you at the table
rock alone, and at a distance of five paces
show you who is the better man. If you
are a true Southerner you will not shoot a
man down in cold blood for imagined
wrongs."
"How soon do you want the lead of my
pistol ?" he asked with a sneer.
"As soon as we can get to the rock.—
The night is not so dark but what we can
get a fair range.
Mezler arose as if ho was but going to a
dinner, and saying "come on," passed out
of the cabin and walked off in the direction
of the table rock, which was not more than
fifty rods distant.
I kept quiet until we had passed the
cabins of the miners, and then talked loud
enough of our trouble to let the officers
know that I was luring him away, for I
knew that they were on the alert, and had
probably heard all that had taken place at
the hut.
We reached the rock, down beside which
gurgled a mountain streamlet.
The stars above shone down with a
deadened light, while away at the north a
heavy, dark cloud now and then sent out
an electrical flash that spread for an in
stant a peculiar gloom over the scene.
I made some unnecessary delay, hoping
the officers would pounce upon the convict
and check the proceedings, but they did
not pat in an appearance.
Mezler came close to me and hissed in
my ear that I was a coward, and if I had
any message to leave to submit it at
once, as he intended to blow the top of my
head off before another five minutes should
pass.
I replied with a light laugh that I would
be able to convey in person any messages
I had to send, and I was only waiting for
him to decide upon a plan of action.
"Very well," was the reply in a freezing
tone, "if left to me, let us stand five paces
apart, backs to the south and eyes upon
yonder thunderhead and wheel and fire at
the first flash."
"Very well," I answered, in as collected
and indifferent tone as I could command,
"measure the ground."
Soon we were in position, and I found
myself in an attitude that was not looked
for or desired, as it was not my purpose to
shoot Mezler, or to be shot by him.
We cocked our revolver arid stood wait
ing for the signal that would be very sure
to bring fatal results to one if not to both
of us. I determined to carry out the duel
now that things bad gone so far, and
breathlessly watched for the action of the
elements.
A half minute passed in profound si
lence, save the mournful gurgling of the
brook, then there darted out a lurid flash,
but just before it came a terrible oath from
Mezler. I turned, and just in time to see
him felled to the earth, and to save my
shot. The officers had knocked the pistol
from the hand of the desperado, and thrown
him upon the rock.
The work of binding Mezler and start.
ing him off for Denver was quickly per
formed, the next day found us on our way
to Louisiana, with the prisoner firmly se
cured.
He was identified and remanded to
prison, but before parting he found oppor
tunity to whisper in my ear that be the
time long or short, he would murder me
if he had to go to the ends of the earth to
do it, as soon as he escaped from confine
ment.
I received the reward, a snug sum of
money, and engaged in business as before
my exploit in the land of gold.
• Time passed on, and I had almost for
gotten the oath of the convict, when one
evening, while stopping in a hotel in a
Southern city, and during the time of the
rebellion, I read with no little interest that
Mezler was again at large. Then the curse
of the villain came back to me with all the
f)rce that it had at first been received.
I had noticed during lounging hours in
the bar room a dark eyed man, with heavy
whiskers, watching me closely, but thought
nothing of it, further than a certain
familiar look of the features, until seeing
the news paragraph.
The strange man had then disappeared,
but the matter gave me no little concern.
I thought, however, my apprehensions
might be groundless, and said nothing of
the matter, but took my lamp and went up
to my room.
I set the taper low, to allow it to burn
during the night, and tumbling into bed
without undressing, went to sleep after
several hours spent in restless meditations.
As to the time I slept nothing definite
can be told, but suddenly my eyes flew
open. A restless fear was pressing upon
me. What had awakened me I did not
know. The room was empty and all was
still. Finally, concluding that it was a
vague apprehension, I changed my position
and tried to sleep again.
After a time I passed into a restless
doze, when I was startled by the sharp
click of my door luck. Lying quiet, I
watched the key with breathless anxiety.
It turned from pincers on the opposite side,
and then the door gradually opened, and
the burly frame of the same strange man
that 1 had seen in the evening, entered.
In the hand of the intruder there was a
gleaming knife, and with cat-like tread he
moved to my bedside. My revolver was
coJted and held in my right hand under
the light spread that covered my breast.—
My eyes, although apparently closed as if
iu slumber, were sufficiently open to al
low me to watch his movements.
The demon gleamed upon me with evi
dent satisfaction. He measured with his
eye the location of my heart, and then lifted
the steel high above his head to make a
fatal blow.
There was not another instant to be lost,
and the thought for the first time flashed
through my mind, what if the weapon
should miss fire ?
My finger pressed the lock, and a deaf
ening report followed. I leaped to the
other side of the bed, while the knife fell
from the hand of the fiend, and he made
for the door.
As it happened, there was a closet door
on the side of the room next to the hall
close to the one for entrance, and through
this the desperado plunged, and I followed,
turning the key as soon as he was fairly
in.
The report oP the pistol brought a dozen
men to the room at once, and after I had
told my story the closet door was opened
and the occupant ordered to walk out and
surrender himself, which he promptly did,
as he was suffering severely from a shat
tered shoulder blade. The ball from my
revolver had made powerless the muscular
arm raised against my life.
After binding the fellow, I said to him
"Mezler," for, as the reader has believed,
it was no one else, "this is twice for me;
will you give it up now ?"
Bringing his teeth together so that they
cracked as if made of steel, and uttering a
fearful oath, he said :
"Stone and iron will not hold me until
you are the food of worms."
"I will see to that," I replied, as we
started the fellow off to the station. lie
cursed like a maniac at first, and then
settled into sullen silence.
1 felt better when I knew that the iron
doors ofprison were closed upon him again,
but still was ill at ease, for I knew that
Mezler would kill me at any time should
he escape, or at the expiration of his Ben
tepee. But relief came soon. A few
months after the third incarceration the
convict died in his cell, and I breathed
easy again.
~clecx JisuUan.
Select Proverbs,
Past labor is pleasant.
Think of case but work on.
Poverty is the mother of all arts
Quarreling dogs come halting home.
Running hares do not need the spur.
Quiet persons are welcome everywhere.
Pains to get, care to keep, fear to lose,
That which is well done, is twice done.
The present, fashion is always handsome.
Sit in your place and none can make you
rise.
Poverty craves many things, but avarice
more.
Pay as you go and keep from small
scores.
Provide fir the worst, the best will save
itself.
Take time while time is, for time will
away. .
Setting down in writing is a lasting
memory.
See, listen and be silent, and you will
live in peace.
Speak well of our friend, of your enemy
say nothing.
Riches, like manure, do no good till
they are spread.
The best throw upon the dice is to
throw them away.
The stone that lies not in your way,
need not offend you.
Speak little and to the purpose, and you
will pass for somebody.
There are no coxcombs so troublesome as
those who have some wit.
Some have been thought brave because
they were afraid to run away.
The foolish Alchimest sought to make
gold of iron, and made irou of gold.
What the Sun is Mad© Of.
A discJvcry of importance to science is
announced by Dr. Henry Draper, of Hast
ings on-the-Hudson. It is well known to
students of the spectroscope, that while the
black lines that indicate the presence of
metalic vapors are so abundant in the
solar spectrum as to leave no room for
doubting that most, if not all, the metals
are ignited in the sun, there is yet an ab
sence of the lines that characterize nearly
all the non-metalic substances. Hydrgoen
is excepted from this sweeping rule, but
there are many reasons for classing•that
gas with the metals. Various theories have
been put forward to explain the absence of
non metalic lines from the solar spectrum,
and the fact has ever been used to throw
a doubt over the nebular hypothesis, which
necessarily assumes that the constituents
of the sun cannot greatly differ from those
of the earth. Dr. Draper's discovery, if
it be confirmed, shows that at least one—
and probably several—non•metalic sub
stances are present in the sun. In a paper
read before the American Philosophical
Society last month, he gave the details of
experiments which appear to prove that
oxygen forms one of the sun's constituents.
lts presence is indicated in the spectrum,
not by black but by bright lines. To make
this more apparent, Dr. Draper has photo
graphed with the spectrum of the sun a
"comparison spectrum" of commen air—
the air being ignited by the electric sparks
of a Leyden jar. The "comparison !spec
trum"gives the bright lines of the oxygen
and nitrogen, and also (from the terminals
of the battery used) those of aluminium
and iron. The lines of the metals serve
to check the accuracy with which the two
spectra—of the sun and of air—are match
ed.
Proverbs for Subscribers.
"A wise son maketh a glad father," and
a prompt paying subscriber causeth an ed
itor to laugh.
"Folly is a joy that is destitute of wis
dom," but a delinquent subscriber causeth
suffering in the house of a newspaper maker
"All the ways of a man are clear in his
own eyes," except the way the delinquent
subscriber bath in not paying for his news
paper.
"Better is a little with righteousness,"
than a thousand subscribers who faileth to
pay what they owe.
"A just weight and balance are the
Lord's," but that which is due upon your
newspaper is the publisher's thereof.
"Better is a dry morsel and quietness
therewith," than a long list of subscribers
who cheated' the printer.
"Better is the poor man that walketh in
integrity," and payed' his subscription,
than the rich man who continually telleth
the "devil" to come again.
"Judgments are prepared fur scorners,
stripes fur the backs offools," and everlast
ing destruction to him who payeth not for
his newspaper.
"Hope deferred maketh the heart sick"
is a proverb sadly realiz3d by the publish
er who sendeth out bills.
"A righteous man hateth lying," hence
an editor waxeth wroth against the sub
scriber who promises to call and settle on
the morrow, yet calleth not to settle.
"It biteth like a serpent and stingeth
like an adder" when the adder gets thro'
adding up the accounts due from his subs.
—Whitehall Times.
IN matters worldly, the more occupations
and duties a man has, the more certain is
he of doing all imperfectly. In the things
of God this is reversed. The more duties
you perform, the more you are fitted for
doing others ; what you lose in time you
gain in strength.
IT is just to forget all kindness done us
by those with whom we live for a little
pain, which, after all, may have been giv
en unintentionally ?
Our National Finances !
What Secretary Sherman has to
Say About Them !
He Discusses the Coin and Currency
Questions—How we are Getting
Back to Hard Pan—The "Bonds"
—Judge Thurman's Fallacies
Exploded—We Must Keep
Our Promises
An Interesting Speech for Thought-
ful . Men !
Secretary Sherman addressed a large and
enthusiastic meeting at Toledo, Ohio, on
the night of the 21;th ult. lie spoke as
follows :
I naturally suppose that you desire me
to speak mainly on financial topics. My
official position for many years in the Sen
ate connected me with the financial legis
lation of Congress, and my present office
requires me to carry into execution these
laws. They relate mainly to the public
credit, the public debt, our coin and cur
rency, and the system of taxes by which
the Government is supported. These
topics are necessarily interwoven with each
other, but each canvass brings some of
these into more prominence than others.
What I want is the largest amount of
currency that can be maintained at par
with the established coin of the country.
From the diversity of our wants we must
have many different kinds of money, to
measure great wants and little wants. We
must have coin money and paper money,
and plenty of both. What I contend for
is that, though our money may be of many
kinds, it must have the same purchasing
power. The essential qualities of all good
money are stability, equality, and convert
ibility. The dollar of one kind should
buy as much as the dollar of any other
kind. Depreciated money cheats the
ignorant and the unwary, and enriches
the money-changer. The poor man whose
dependence is upon his daily labor is the
victim of depreciated money, for he must
take what is offered and is always paid in
the poorest money. No distinction should
be made between coin money and paper
money, or between the noteholder and the
bondholder. The money provided by the
Government should pay all debts and be
used for all debts. Subject to these con
ditions I am for the largest amount of
each kind of money demanded for the
wants of business, and if you will agree
with me in these general propositions there
will be no quarrel between us.
THE MOST IMPORTANT QUESTION OF THE
CANVASS
Our paper currency is now happily
brought to very near par with coin. Will
you insist upon keeping it with par, or
will you, by repeating the resumption act,
retrace the steps already taken and embark
again upon the sea of irredeemable paper
currency ? Shall our paper money hereaf
ter be redeemable in coin upon the demand
of the holder and be maintained at par
with coin, or shall it be what its friends
call a flat" money, irredeemable in coin,
depending upon the daily trade marks of
bankers and brokers for its value, and
upon the changing majorities in Congress
for its amount and qualii,y ?
It was the Republican party which de
vised and issued the greenbacks, and which
has thus far sustained them and advanced
them by slow and gradual processes to par
with coin. No doubt there have been hon
est differences, as it is natural there would
be, as to the means by which the result
has been brought about, but there should
be no difference among Republicans as to
the desire the money contrived by their
policy, and the chosen instruments by
which the forces of the United States were
marshalled during our war, should be
made and kept equal to coin. However,
varying currents of public opinion or tem
porary depression of industry may tend to
disturb the public judgment, it should be
the will and duty of the great party to
which we belong to make good the promi
ses printed on the face of their United
States notes, especially when it is demand
ed not only by the national honor, but by
the clearest public policy. This money
is our own, in which we naturally take
pride. We guarded it in its cradle when
it was reviled and derided by our political
adversaries, at a time when it was said it
would wander like Cain with a mark upon
its brow, dishonored and repudiated. We
believed in it then and we believe in it
now.
WE PROMISED TO REDEEM TLIEM IN
GOLD
When we issued it we promised to re
deem it in coin, and every fresh issue was
accompanied by a fresh promise. In 1866
we not only, by law, promised to redeem
it, but provided for the gradual contraction
of the amount. In 1868 we suspended the
contraction, but renewed the promise. In
1869 we Solemnly pledged the public faith
to redeem these notes in coin. No step,
however, was taken to redeem these pledg
es; and, under the stimulus of inflation,
speculation ran riot, visionary schemes
were entered upon, extravagance prevailed,
until in September, 1873, the bubble burst,
prices fell, the wild delusions of the time
were dissipated, and business men had to
face the inevitable evils that always come
from irredeemable paper money. Then,
after 15 months debate in Congress and
before the people, as a remedy for the evils
we were suffering, the Resumption Act was
passed. The only object was to make our
paper money equal to coin. It was not
the best possible measure, hut was the only
one that could be agreed upon. It was
very general in its provisions, but did not
give ample power to prepare for and to
maintain resumption. It did not abolish
the greenback. On the contrary the green•
backs were expressly to be retained to the
extent of $300,000,000 as a part of the
permanent currency of the country, and
this was, on the Ist of January, 1879, to
be made as good as coin, to be redeemable
in coin, and to be issued and reissued as
the money of the people, the foundation of
our currency. This was to be the fulfill
ment of our promises. This was the an
swer to those who said the greenback would
never be redeemed.
When I assumed the duties of my pres
ent office, after careful study of the whole
question, I determined that it would be
necessary to accumulate, in addition to the
surplus revenue, the sum of $100,000,000
of gold coin, and that it ought to ba accu
mulated at the rate of $5,000,000 a month
from the Ist of May, 1877, to the date of
resumption. It was confidently declared
by those who opposed the law that it would
be impossible to accumulate this coin with-
out putting up the price of gold, and thus
defeating the object, but the experiment
showed that it was not only feasible, but
a Ivantageous to the current business of the
country.
We accumulated readily during the 8
months of that year at the rate of 85,000,-
000 a month, with gold constantly decli
ning in price. This process was arrested
by the debates in Congress, and the threat.
ened repeal of the Resumption Act, but
was again resumed in the spring of this
year, when it was found still more easy to
accumulate coin by the sale of 4/ per cent.
bonds, and the original plan was executed
sooner than was anticipated, by the more
rapid sale of bonds, so that on the 10th of
this month the Treasury of the United
States was supplied with $209,011,753 15
gold and silver, coin and bullion.
WREN IRREDEEMABLE PAPER MONEY IS
JUSTIFIED.
Irredeemable paper money is only justi
fied by war carried to the extent of national
peril, when the life of the nation is at
stake. It ought to be redeemable as soon
as the public exigencies will permit. It
is not money, but the promise to pay
money. These are axioms of political
economy, the truth of which all experience
has demonstrated. We issued this money
only in the midst of such a peril. Our
error, if any, has been that we have de
layed too long the measures of resumption.
Now, when they are almost complete, and
gold and silver and paper money are prao
tically convertible one into the other, when
there is the same money for the bond
holder and the noteholder, the rich and
the poor, when silver can be had for notes,
and gold in ample stores awaits the day of
redemption, we Republicans should not
debate the question of the repeal of the
resumption act.
I can imagine how a man deeply iu debt
and hoping to evape bankruptcy may de
sire to cheapen the money in which his
debts are to be paid, but why should a
laboring man, whose daily toil is measured
by the money he receives, desire to cheapen
that money ? Why should a farmer who
sells his productions for money desire to
lessen its purchasing power ? Why should
a prudent, thrifty, industrious man en
gaged in any occupation who hopes by his
thrift and industry to accumulate for him
self a competence, desire to have his labor
measured by a money of unstable value ?
It is the interest of every one engaged in
industrious employments who is not a
speculator or a broker, to have a fixed
standard of value. If any of you who
labor are farmers, mechanics, or belong to
any of the industrial classe3 of life, and
have hope from a depreciated money, you
will be greatly misled.
The position of the Republican party is
in favor of greenbacks restored to their
normal condition of paper money, equal to
coin and redeemable in coin on demand of
the holder, while the position of the Dem
ocratic party, as stated by Judge Thurman,
is in favor of the issue and maintenance
in circulation of $668,000,000 of United
States notes without any provision what
ever for their redemption or their conver
sion into coin. This issue is distinctly
made,
and for one I distinctly accept it.—
We favor paper money redeemable in coin,
,and the largest amount that can be main•
tained at par value with coin, while he
favors an amount of paper issued directly
to the Government, not convertible into
coin, with no provision for its redemption,
and to an amount that no one has claimed
can be maintained at par value with coin.
WHY THURMAN'S PLAN IS WRONG,
His plan would directly violate the pro
visions of the loan laws, under which both
United States notes and bonds are issued
and which limit expressly the amount of
United States notes to $400,000,000
This wonid be a violation of public faith,
and would do inconceivably more harm
than it could give profit to the Govern
ment.
This scheme of his encounters directly
the decision of the Supreme Court of the
United States, and would, no doubt, be
held unconstitutional because it provides
for a very large increase of United States
notes in times of profound peace, where oo
such exigency as is contemplated by the
Constitution or decision of the Supreme
Court exists to justify such an issue.
It would at once drive out of existence
the whole system of National Banks which
have been the means alone by which State
banks have been prevented from issuing
circulating notes. The only franchise the
National Banks receive from the Govern
ment which induces them to maintain their
corporate existence is the right, under
limits fixed by law, to issue circulating
notes. Take this rom them and they
would at once cease, without exception, to
be National banks,
and would be organized
again, as before the war, into State banks,
with such powers as any State might give
them. The inevitable effect of this policy
would be to revive again the system of
State banks without any common organi
zation, without any security for theipnotes,
upon such terms as any State might pre
scribe, and thus all the evils of State bank
money, which the people experienced be
fore the war, will recur again. Nearly a
generation has passed since the incongruous
system of paper money which existed be
fore the war was swept away by the Na
tional Banking Act. It is safe to say that
the injury done to the people of the United
States by the failure of these banks, by
the uncertain value of their paper money,
by its limited local circulation and by sue
cessful counterfeiting was annually greater
than the interest of the entire National
Bank circulation of the United States.
Judge Thurman computes how much
the United States would save if it issued
$322.000,000 more of greenbacks and re
deemed that amount of bonds. Ido not
stop to examine this computation, but I
only wonder why he stopped at $322,000,-
000. Why not save the entire interest of
the public debt by issuing greenbacks for
the whole of it ? Why not repudiate it at
once ? That would, according to his com
putation, save the entire interest of the
public debt, or $93,000,000, with no other
loss than the loss of national honor.
What assurance has he that $322,000,-
000 will satisfy the more advanced lights
of repudiation ? low will he pay out the
$322,000,000 ? Will he claim the right
to pay the bonds at par with them ? Does
he deny the moral and legal obligation by
which they are to be paid in coin ? Does
he propose to repudiate the act of 1869 ?
The immediate effect of the commencement
of such an issue would depreciate the notes
lower and lower; would widen more and
more the gap between the notes and coin
would revive again the distinction between
the bondholder and the noteholder—gold
for the bondholder and depreciated paper
money for the people. It would at once
stop the funding operations under which
we save one-third of the interest of the
national debt. No man would buy either
a four or a five or a ten per cent. bond in
the face of an act of repudiation. Again,
as the notes depreciate it becomes more
difficult to provide coin for thopayment of
the interest, or would be repudiate the
obligation to pay the interest in coin ? He
says he is in favor of receiving greenbacks
for custom duties. Will he, then, buy
coin ? If so, his policy will have already
advanced the value of coin.
WHAT JUDGE THURMAN PROPOSES.
He proposes to issue more netteitithout
any provision for their payment, when our
revenues are ample to meet our expendi
ture, in a time of protected peAto; tion
there is no motive of patriotism, or day,
or safety to impel such a course, and this
merely to save the interest of 4 per cant.
on $322,000,000. But this very act, if
adopted, would prevent out selling a thous
and million of 4 per cent. bonds, With
which to pay an equal amount of six per
cent. bonds, and in this work an annual
loss to the Government of $20,000,000, er
eight millions a year more than
,tile en
tire pretended saving by hits propped pol
icy.
Again, what moral right has the Gov
ernment of the United . States. tok,teqwire
its citizens to take its notes as money and
a standard of value merely for thinlint
of saving interest on these heeds r In a
time of war we may ooneede.ihisk iL bo!, T in a
time of peace there is no legal es wirel
foundation for such a claim unless . the notes
are maintained at par and redeemed at par.
Is not the United States able to' lay • the
interest of its notes?
DEBTS AND BUSISZSS.
That this country hataiiffereiljtoii de
pression in many branobes bßiAtiepe sod
in many industrial occupations admit,
but every civilized and Christian country
in the world has suffered to a greater de
gree. In comparison with any agtioi of
modern times oar condition in evinryrns
pect is more prosperous and happy: , If
you read the English or French:4.6er
man papers you will find that ale Mimes
of complaint are nothing to be onuipered
with theirs, while in our country thstitare
many circumstances which relisrernbsga
eral depression. Let me name some* the
hopeful signs of the times- .Mbootilsole
period since the war, and beforaidattpkblie,
was a debt contracting period. Vrosialndy
1, 1863, to July 1, 1873, oneintpot. ex
ceeded our exports in the enormous own
of $1,047,069,219. Since 1874 our ex
ports exceeded our importain•the sum of
$507,459,237.
Daring the last fiscal Teat Aim szcess
8257,459,250, oar exports reached the
sum of $680,683,798, and during tihisfiwal
year this excess of exports is iluretaing.
This is a debt-paying - proem. _
body of the debts contrasted befogs the
panic are now settled, either by tospr t ot
or bankruptcy or re adjustmest,
OUR BONDS NOW HELD At 41101111.
At one time it was estimated *that the
amount of United States -boa& held- abroad
approached $1,000,000,000.. 'PO , years
ago the general estimate was aiiitat' 4600,-
000,000. Now, after the moststwefelles
amination, it is estimated soutlftiear
$200,000,000 to $250,000,000-110i.elem
mon fear expressed for the se,ites,Of say
plan of resumption was that ltittlol- us
tions could at once, by a rot* Or i otr
bonds, exhaust our gold, snit thut;iakst
resumption, but this is no loiteit'fired
when the surplus exports for ajitigliWyear
would pay off every dollar of our natisall
debt held beyond the limits of thetTisited
States. Last winter; when anti araited
fear prevailed in Europe as 'to-. ect
of the silver bi11,560,000,000 - of delifiionde
were promptly absorbed by our mils ItijOple
in sixty days,
and, although this stsliped
the sale of bonds by the Tr*Witry i
.. it
strengthened our position by bringfbit#tem
home.
Another favorable sign of 412•4isfres is
the very large increase of 'dsiMetitio pro
duction, both of the farm and . orsgh. work
shop, which not only fill the place of goods
heretofore imported, but enable teat to
compete with foreign nations in their own
111 arkets . ,
WONDERFUL INCREASE IN EXPORTS.
I have here a recent table sholing, the
increase of leading exports 14,1 p-own
production. This e howl, that 4*x-imports
of cotton, iron, Steel, copper,
.leashis.,,and
other manufactures have nOrafitOkit# hi n
ten years nearly tw0.414-aiatehat,
az
ports of our agricultural -itspielbeetaii:sod
provisions have itrcreased tiridt gpee
fold. The total amount of certail leading
commodities exported in 1868 was $141,1
000,000, and in $lB7B 5ta15404.000.000,
showing an increase- of 3208;040,006.
Another table shawstitss our hispiriation
of certain fabrics ',kick lfte:-.43aik; restfily
make in thiseettetry-htehiitnieished nearly
one-half. Of textile fitbsica, ideliading
manufactures of cotton, silk., eio4bing apd
dress goods, the amouurt importecki this
country in 1873 was $1.55,000 I l . Ltlne
amount imported in 1878 was $85,00C;000,
making a dirpiputipq cArtft,oropuo, most
of which was supplied' 'by our own prOduc
tion.
FALLING 021' OF IMPORTS:
The imports of iron and tied it various
forms in 1873 was $59.308462;
1878 it had fallen to $9,057,638, akowing
a diminution of $50,260,249:- This fall
ing off was supplied by Got oreshhatry.
The total leading manlsfa, ed
in this table imported in 18731 as '2,-
957,633, and during the fiscal - yeit!ftidlng
June 30, 1878, it wfis, 4;124,211N/44i !ba
king a falling off of 148,1417:829.; This
great decrease was especially notimpOleiin
the imports of mandfaoturea of-cotton, silk,
wool, iron and steel.
GOVERNMENT WILL PROTECT LABOR.
Property educates the children, main
tains all your charitable inatitntions, main
tains your streets, roads and local impidve
meuts, and all parts of National, State,aind
local government. The very few taxes
that attach to those who have no property
are on whisky, tobacco,
_and beer, which
are voluntary taxes. If the Government
can do more to protect tabor, •it will. It
offers to every citizen a homestead en-the
public lands. It offers every:nista atter:el
chance. Every office and hone is to
equal competition, and it 07/14,0119pan
rank. title, or advantage, except - What he
himself acquires. This is alt distil Mslov •
ernmeat can dd. It tannot • ...take the
property of the rich and divide it; ateeng
the poor. It cannot,- as-is-proposed, take
the public treasure, collestest bring*, and
distribute it any other way meet for the
limited proper objects provided for, by the
Constitution. It danitnnt oOniertilnktriota
men maire With each' ,- .othet"exchiit where
they are grossly itimetillievilligtersblio
policy. Its ogee is le s 4i who itionswires
freedom, eqtlalitl i leak eqm.ll.*9! in
the race . of 1110 pititpathiqs of
the Repnblitit4iihnat
the laboring Scan, it taunt •41aatvithe
fundamental principles: of frestosent
to favor Any elan in the eon Pflife,
property and the fruits of their own Inkonr.
NO. 35.
T 'I I.