Terms of Publication.
Tfcs Ssnsrsst Hsrald
, ....-w-l ry tOM-ii.r M.reina: a...
,mu. If pai J la nJrao-:oiDerwie t- "
.''iiarariacijb chare!. .-,.-
r..ra are paid ? Pf.er. m?Z
, if, , whea rabarrlberi do taaeoo. ibeir
-a. - -a . -
..: a,theurear...!fire
Somerset Printing Company,
Boainett Xaaacer,
H piriTLETHWAITE. ATTi'KNEI
siet-e r-rJ -
e i 10
ATTORN" AT L
...UWSE HAT. ATTOKXIA AT1LA
.tend to ail - entru..:ed L iJ- i
i,r .mpmeea and hietf.J. ;
7iHN H. CHL. ATD -KN .T AT L u!':,Vi :
.1 erU Pa.. "Yn on ;
aim-tad w " M;?T?.,'i.
fcc ten in im-tB
jan. 1, . - 1
, U,,KS attoKNEVs at ;
iVl-i. a!u au-. U-ly-.
TT..KET ATU.
Ii-il.-- - ff , J AUrtM '
,,,, w:it. (.iip.n" J teo. !
n, .:a Ji.
TZTI" . iiivrV nTLlf.
, 1 1 k v r. St hill. A l t.
i I di b-a-y l :. a-ii-T
m"""-" b'Jh. - -
" " rrL a. 6a:the- ;
, AiTUER O AIT HE B; f.i
li Urn-l'J- l'
:. .-. i
iru-t.J to tn-m :il ' "fi'-y
..-" .t- ' tiaU
IVK. E. M- K1MMEL... f.ilvv,
,. ; -.r''i.f H- j
ii'l Vi' - - I
M '.U.INS. ttTT. J -T
i :r'-t i" " .
;m-n.lar.a. .-.i.-
" . . ,"rT.iSh. XI
-..: it, : ,iain c-aau. -a
li. uo E w.
J
AM K L. rUGIl.
ATT. 'iiXEY AT LV.V.
;...d -r. j r-;Ti-t.Y
-.fci..-ai- aa. - :-
J.
4 (rSLt
-jQ'l W M M AH TIN.
SOME1ISET, I'A-
lU:n t-eerat tin' njvri'Ti'e. ,"-.,.irl
- in btots ail vpera-.!"" ? a '7, ''. .
- taf W.h t U the 11 I ;-;
:'-'m.e to n enr.r- art. Pfterr,t. ( t h-
c-.! th a .i-.-ia.'.y. tw.. rf -
mr-et H.!-. M'-:i-FB'!S' "
D
U A G MILLER, tf:er twelv,
H Mt, w era be .in ' A " "'
02 ,m r ."awl na'.'.y enrntci.
rSU Ho..! prvmp'..J aiifa- TM.
ur. 11 tl-ly.
I
;-UCFESSIONAL.
A i i ... i'n,--.r
M-t"itrmf hi frvrn-i. that be bat!. -f
an! o-ktt. - - " y
E.'
' a. ..
La
.3
the Ee and Er.
ITw ViiTK'E. Ai1r H t' -2r"V
1 rr-ar.1 toe W.!r ' '.'
o-..in.n .-acues. I'i.t ia Msa t l.u
lets. -j. Ti.
PK. j. K. SILLEKbu pe-mxnenty l--
ia Bcr.n f.Tti.e ;rnir u; b.s pr-ti-S-e
.n pi'ive Caar.ea Rnwager '-'
i-r. T-:t
S. GOOD.
rilYSICIAX d- SURCEOy
soMEiisirr. i a.
rr-.i-B In Kxxa.nh B'.'tt. ir
J
1IN HILLS.
UEITTIST.
ia t.'.,i- --t a NvlTf ae t -i'-':ric.
.Vu:: fr S-.ree'.
ri't. T j.
nil
ktific l teeth::
j. v. vrxzY.
D E : T I S fJ'
TiATE CITY. ('.. .' .
Aitiai'ut fe'h. aa. a:el tu e :' cr
vm.n-. L?e ti en. la.-mr r.-. ;z :.
t:vle- tar . L if
fM'mVivO ot lha tvjiarji te'ih. T'. j- w....:i h i
. ca:t me by Itnier. a. by ra' '
A 4dree aa aiTs. ; li. " -
fPHE 0Tl-lhl Mul M .
Karlct n-' :!:: lrir-,.3'ri: . a-.i
Hjtel prer; (na -"- A. t:it a .
uara picaare :o ln!"rni;i:r 'rj-r.-. ir.
t.ie pt.;ie eoerai. Uial be wi.l f:-r- nT.:.
;.ua nue eapemw to auke tbJ Lc-e a.. :na
- ul d.rel. Ajmi'j-'.m c-tj a.i
it-.n; ra.tera :'.'. attewl wimi- i
.seer, ae-i tL UMe at .m ie isi-i
b.th tie beat th market aS--i. Vr. . ii- T
a &n uiav a: aii uot ! t.-aB-j In -.b-...
iix.-ii" I'. UTA.
D
lAMUND UUIEL.
JiTOVSTOUX 1A.
SAMI'IjI- Cl'STCH. I'wpricior.
TLia rcr'Jar anl w!l kn 'a tnH U ar
l.ma a ocr4e : r!r.:tiit p ..t s-t ue in. lit
au;..ie. acd k -ni r.r:--ii (i-iii:i
i-.e- La'kt irae c-:'.t i.r ,'n!.'.ts ir
OLA T E ROOFS.
h.. who are kw bailing ki ah -u! 1 in- a !
tba' a I chearier in tbe lcc roo i" -nt '-a ale :
aOVIIUllBiiai.lUUiKira. . . -
aa i bm rrrir arc rr-ia.r-l. Mate the sr
Miiuthrniirrai. 5ia:e ia Ere p-. Evrn
rud a-aeaioaiJ aaee a S.te n-f. Ibe crwirr
) a. liwalpa in CnaEbrrJtnJ. a Licrc he l.aa a
a md e,-piT vf
feaebbpttom & gjckjnjhani
SL AT E
i.ir rnooinc t he erry 4rt arti.le. Hf :!! nJt
ua. vm .i c- . - w . . - , ,
at, ipirea. eier ia ti ia o- e.-i::rT at ite
(.t wra. aad la warrasl t:.rm. ra."! a.l i
I im ur ad.-Jrca d.a at hj N-i. tit r- :
Sr-.jBrt, Ccm jeiiaad Xi. w.i nia in ie;t w.th ;
KUAH CASEEEEk.
Agrtt. S.-aeriet. Tx.
T. 11. 5n:rtcr.
Al Kth. 1ST5.
T TOMES FOR ALL.
'1 fire fa sale, on teraaa witt tt aea-h if rv- i
cry anher. ladaartuw Imtietoaal, bva.-ra. a.
fans. tiBBi.ee laaca afinrral i.nas. bciiniua iXK
ae , inaifleweit para y :i vecty. la parx f ;
t.-iva waebianh aa acre cr- w t.uow ji-n T-j
uea warr.nteo. Terana .ge hat la haad ar.J th
tlanewiDtea eual uainaai payiwea:a. pri-prty ;
eenred. fSaee need appiy thii a not ei aiiT i
and icdaatnusa ha'dta. o all ui. aa nicne ol lie i
prroer tie ariil t he; rent ii no foil n- r j
JtKi li. VTASP.
i 116
iVOL. XXIV. XO. 15.
JOHNSTOWN
MBS BANK
12) CLINTON STREET.
CHARTERED IN1870.
THIRTEEN ;
JAMES 0 TEH. D. J. MCRRZLU
DAVID DIHERT, JAMEMcMILLEX
C. B. EI.LI JAMES MORLET.
A. J. IIAV.-E--. LEVTIS rLITT.
F. '.V. HAY. II. A. DOGGS,
ji i;:n v iwmax. conuad suites,
T. I!. LAl'SLY, ' GEO. T. SWAXK.
D. Mi LAUGIILIX. W. W. WALTERS
DAMZL J. VOSRELL, Fresident,
FRANK. DISERT, Trenurer,
CYRUS ELDEH. Siicitor.
ii
mil ?aaii. pybl
w n-ht l-i r: if - t i!rwn If added
t.-?oi-ri-'.r-U Liii-.'XPiO-IilVJ TWICE
A Vl- VH. v.: :r c: i tLedi"tot locall
tri-ti i rewt iutC-,M.t M nry cast)
.ns'nr.ii i t::af iaurui.-ia tLebaaicir-
narrted Womrnand P"-0" nad"
ii- - a i- : .: ns t-es i- tiiiir. wn oamc. ttai
, xr ..DtT ir itt-aiire or on ibeiror-
.i r V ijrttlMrro. bj
vra'T---'. .'u a'Jl to rr-in wd-
IKsnxfC iirctl by Ileal ltate.
.;. . -. i lu L-w. r-T. nsi of tn.
.. ' U! t : IrxS.ViTt. rt'.::Te to dr;i:
ran rV'Uuned at
:;.:rz i. ut?
:.i..t to s.i-i -k
'. s.iu; ;t ei-rna
ai.ri as.
Camtrip County
BANK,
m w. ki:lm ct CO.,
Ml. 2B STREET.
JOHNSTOWN.PA.,
r..?:.-r i- :e a Ur.ii Bal'.-ila;
i G.E! ra! r.ar.kia; Ii-ine Transjcteo.
: .s i . r .!! an-! Mifer tr.t aw aald.
i'. ,;.ti ii" a.;.-1:. a:. pm I tht laited Mate
,n.i ( xr. ! j ia. r iK.iwm1 at Ifce rate o( an
,r -en: pcraaaani. H lett s.x o.-t!a -t i. tveer.
.--i.i! .trr.ic'TTji.Tira rai-le w::h Gaircuu ifld
...;.i w ii- (j. -i . fli-i i in trcjt.
a; r:i ii Ti
Ursina Lime Kilns.
T: c r.-!;.T.c ' are ! r- ;arr-; t- isrttsh
Prim: Building Lins
y the Car Load.
Orders Hzipcc-jHj ScLci'.ed.
n.J.KATZERd C O.
tfijl. J-.i:
JOHN D:3ERT. JOHN D. ROBERTS.
JOHN DIBERT & CO.,
BANKERS
JOHNSTOWN, PA.
At nnt oT Merfhant and
oihor lniiiv pMple oUcJl-
ti. l)raf't ncgutiable in all
part- uf the rountrj Tor -Jtle.
ioii j I oanedaud ( olIK'tioiiM
!ail'. InttTful at tu" rate of
i lVr 'iit. per annum al
luanlnn 'l ime lepoii.
aiiis le-Kit llook. in
t-!. auii Intcrt hl t oiiipounited
v-iiii-iiunuallj when Ieirel.
'...':,.! iJ.ir.,.:v l'.:;ni-as Tran.ctcti.
i i.-. t . V P K' iVTfLi CO.. New Yi-rk
r t. 1 .i" , J: p..;': -r c n.: Miirir -f j.ota
-iri. jrii r ij&:.:9 ifc.w-.ci eil of ailrer-
Jnl3
f3
. Xti t..:: -Kis -a-iTa
.
Hi.
K.";.A of aT! dcTip.inn?. IZi
tar? ; .. and Embroidery.
113 Itairt Atesac,
Th? F.LiX.: la tba LIFE, and
.' 1 j imvar-. Ihewbi' ytem
x ft n:aed. Y' (amot
, ar:fT a 9:niB while the apnog
is cirrnp:: nenber can yua lot-
prr.
I i:.
cnl hnt'.ti Ut t:i inimaa boiiy while tbe
ii r.B-' tv wm cire to ail nana
T:.n "re PI U1FY tie KErf a V. anJ na
.::! ten! tbe iii-ae- rrmedr tan rr-r
wo ii;?T t. .-rj whi.h Uj. j-.vtcd au great a tsa
!r .: ;.vi -crt tars a:
Imjirorcd Iilood Searcher.
I; U ri; i.::y arrr.uir-- a nilital repntarlcn tx
Tv.e a-i? . f
Ssrrn'al.ics A3cn: wiMaaceraa Fonnatpna. Ere.
f ;;smi. ii. i'. i'-.ra-f.ir. I lcT. se Ete,
, ..i Hjd. letter Ehenan."
Xerrcnai and alt Sk:a Ii lmxwl
T - rim-iy .i a rezrtaMe rnnpiiLad. mn& caa
n : bins t-e "n: teu-ier irfaai. Ea-iwa w & ;f
! r :r i i- :ct.i::t!-.; OJeaaeJ ksoa aa Fe-w-1
'j;.!? will tnd ypeee y relief by naina;
t.. r-rai:v. Beware M e-HjiveTfirita. Tu pui
,af tu.t; z.xmr K- E. S tU-EKS a CIA, Puia-ta-r.
i lie N'tt'.n: of each hotvie.
f c aa.f i r aU l'ruy. a and evianrry dealer
Ttv trt: ro'l.aa r uiiu. -K. E. Seiiera a Co.
pi::.." a-a. l'i., " uc the uuttoaot each wrapper
VLLi ;iiiFVY rmr 5Taif. Brij-rrxa a
Wi.K'ii U'iMN'i M1UP.
I -.STAliLIS. I HD' 150.
H.-J. HJ, 144 4 H5 de6twr St. JtgUrj City Pi
Ncwna Bj cmrra, Hand Ea'.ia. with Mnta m
ao-l Ulve.1 rea-iiy to bang, fnralaheu en anon a
UJ"ni'e of C. G. BASSETT, asestSbr Somerset
aadeV-iclty. JiJl
PATE 3Sr T S
rea1 caii kre ats-1 better thMib THIC'P
Hi ETHAN AY t'THEJttn tbe eoanty No
riiar.-?.preUniiarTaearr. Ko chara fcarad-ti-t.
Jr. jcual a-ct Ire. 17 yean experience m
the n'.e Pateat. Ac- Modeia auda cheaper
anl b-:;..-rr laaacaa be gA anywhere.
O. I". LETTS.
1 r and K Fl.th Are. . PltLefcorab. Pa.
Virm c ir-nt;i -n wi:h Wafhinarton, IK C
BLOOD
rPLETONS'
AMERICAN CYCLOPEDIA
EV KEYlsEL EIUTiO-N.
Enure: i rtwntura by t .blt writer- oa rfry
uufrcu rriuM iM ae" uiuKraieJ
iui Kvcrai uvBa cagruurt aaa nj.
I d. wurK .jiafCiu"; jrtiuunea anurT uw title of
IU. x.LurM.tMM iMMtpin-
uicn ii iun luiuou m U tae I awd
aau lao iul ueJiu:ai afc;iav
iucb u my croLtt ul acrnax. Uwrature.
UM.rtTZar uafcta lu aiium aai jitaaef
lu Muwu ui aa exact aul taoroug a rwisiua. aad
uji- aca eiautuiiuevi laiinuuiiJ c-
w un U lea year ina pruereat uf dia
eurrri u every iciriaert vt aauleot aaa
uui a ikw aura ui reiereoca aa tmrauta
waul
1 ua awremeet uf puli-.U-al affairs.ha Aept paea
wiui lux niKufOici wi tocaee, aaa uieir inu.lal
at.a.Uua iu ua lauaaixial aod aMiaiarta. aaa
u Miieurm uu reiujeBicni w fccia me.
Uruiui aau cuaan(Ueui feiutamai aara ve
curvu, uruiiiKg aauuuai caaafea vM pecaiarmu
buil lu vivu wr i ar a euauiij. wui.-a
a. u ucciu aucn Um Ua vuUuua ui Uie uid
wura .ureu. ua CiUj been iai.ru. aad a
ura ixuii ui imliihto alia uiusrial av-UTUy
aa bwu tvmilicacvu.
ii. Hsntoiu uiuur geuitriihicau knowloige
kavi ia iaM Ly tua un.ciauuic exjrer I
Ainca.
iu puliucai revolu.luCH f the Uft decade,
wiu uiuai recuit ut ta tuyte ut uiae, av
urvMiMt mu tie! a aimutauc ul ocw men, a
aaoiv re im vcr voe fouviil uw h w oc Uvea
cr udc lavartuu. i u uie irx-aiara. Ureal
Ottiuc. aav uiru maiaui aiMi uijurt.ni aieaea
aiaiiii.iirri. wt wi-a l!c aetaiia are a yet j-i.
Koeu iij la um B"sir tt a- uttieai
tuues Ma ut U.e ui. il. wuica latil Bu" l
utaa uiur juace la iiiuaueul au iiuto lua-t-rj.
xa frrMnii tle prrtmt edltaai laa preaa. it
im MufuUi j ipa tttv Aim wt um auitwra w lrii.a;
i Ana u luruiau a xuria acwuiu A taw aivet re
; rliiiimii ica ui .. m cry ibmi iwio.
uvi ui ,i.tr.um, .iii ui ncwcfc uneaiuiaaia
! ui ifuucu ri. a wd w giTe a a tum anu
niaii return ut uie IT itcs l puuuc aial 111- j
1 .Irl.H
I Luc a ira uu ticea brvraa alter KniJ and careful ;
rtiiiiuurv uiM, uu a.ui tue uni aicie re-
mi;. guf uarj u i. m u a taoxcM. iruuia- j
Sotn: irf me unjtuiil .:rwlje l iale Hare twra
IMM, im. del tt JrUiU:sl iHi'
..ie, ivllllliit lu i- U itluj ailU Utc
. 1 1 - p. .oi ua cwaji3i. ul jrfwiit, a
aiui nil ycUMii tliinJ.iii. a
Hub n ubt-tv rlliKU. ill l. vim. J' l1 s ll
lc ai;rukiU a -ten are iu.rMi. h
n, liuit ui iue j rurclu viU u M-'-U
K,t .i.i:.. ..r i iui Wiiieit.-
viul.j i rt .t . . .a.- ex, i im uiiucica-
&im.j tuiofiM .u nruui w. i t.a-
imuJiuT). Alia ii.i ii.. ,uc kie. wlltuiu n 1-
iMtuvA luiun e vi octfti.r
1 .1 . V .1 0 uwi 1 .1 M -1.3 WMl
.rvMiievtiiro .IM.
iii u.u.1 . trvi s. i.i.i.uii i.i u.-i--. i l
jjaiu j iukX .uu u.M.m. m pjm
Mi Li--i.il e1lcu In Imiii unl rM. tw
.Lil.-l . . cuff , 11.C11 vxcU.Kill VUnriiii-U. i.
it utui.in mil in. . cmilM rtxTi JKIUI. -
u iw.a.'c i tue i. tii'tcl ,
u.; v. ... int. t. -
. i. w .aMecriramii.'. i
..iuu:; i. c:w Imun. . m '"uf
. . . . . ....- - . . Km:tt 1 1 1 1 1 i j.
! .m - 9im .i.r. .11. 4. il
HI...
mict a.iifiilUiUl' liililti.
in cxixj i..utj. t-r w .......
MllM.l.ij 1JAUIC1. 1-1 ............
tu imi. .iti.vj j.i.i,j.x, yxrjt'si. ........ ..
HI 114 AlUltJ 11.11 ,U1, 11 .Ul. ..........
.ia. ..m.i.1 ....iii., t,." ei-ata, kZ loi
M IU UUU Vl !.... ... ............. w
uj imuuicj Kun iJir.. uu;c ui , w o miiiiwitt.
" u:ra.-in.je-
iaa. .lvja
, , , . .
aJAAM y i' at. .4jU
W C D D r L L at BOLHER,
(General Comrai.asion Merchants,
-Wxrthiosc, Xo. 14" LPrty Street,
PITTSBUROH. PA.
rrTM.!enr S-iUcIte.!.
May U.
GORDONS SPICE FOOD,
FOR
HCRSES. COSetnd ii! -ds of CATTLE.
G.rr fn.rertl Sat.'favLa "bersr!r
lniriariHj.
H-'T' are b tt ar e iu tlo thf ir work, aow nirt
axre Biik. mthi of prh!T qrs ii.tr. Sa-f wie
f-i fur mrfct ar yjtz reaJy tr tike kM.'e.
Tlx1 H'ft ai" toeiai. is ;iu-n wis en fni tj lb-
Sen I ijt cirru'ur c 1 ilcacrirn-re pamphlet h
C. M. HARMER,
(.EXERAL AfJEXT,
Ve.frrw rai'a
Drjiot a Sml:b5rl.l S'.reet.
prrTSEtaaH.PA.
S -pseabcr 3. H i.
The Daisy Laboratory.
LCXIiAk, PA.
D2. THIS. T. WALK EE, Pnortrroa.
maaocs foi iiuti
F -r drtrrxinina; the ptr cen of Pare Irun
in orlinary are a 4 ax
Fur iieternuaijf the percent, of Pnre Imct,
Salpiiur and Phtpbrae II So
Fur each adaiUoiial cusiautnent af umu! we-
rorr-ire 1 50
F ir ocieraiiainaX ae per eefiL of nr
al Ph, ;.bf u in Iruo ami S:- ! 12 M
Fue each audltkeui oucau local uf al kc-
enrrence w
Fit detertcisinx tbe per cent of farVictate
Liace an Inauiatiie SUnrdtu natter ia
Lmnutt 13 00
Fureacoi.i.tioiiaieeo3ti!Oet.... lot)
For determine; tbeperreat.'f Water. Voa-
atile Ccmbeatibk) icatter, Faed Car!ii.
ami AahiaCoal . ,.......... Ii SO
Jiijl-ly
MMIiffl), COLLINS i CO
FITTSSrSCB.
WU1 cacr dunng Jaly. Sa.
EITSAORMXABT BAKOAEVS,
I.V
CARPETS.
: ru laarj Pet., ,r.c lfe- f0t ikrtt rar,,.-)
las. Want to taake rsoa fur Fall Onxla.
l Are taking ato-k ts enter ap AaTwat lat.
and finding mat we haea ton sanay pauersa, wlli
ci.iee oat auene of Uaea Bade cnac.
3d. Hailnx let Lhe tr Awrof ti bil.iin- we
hare orrnpieii aar anaay yeara. and re-eeua. ua bed
oar aalea ruoea an the aeoavl floor, owr expeaaea
are e-w rednced ta asit theaw tusea, aa ear eaato
mera will and by ear pikes.
JUr I S I Uk at the feoods weshw,
ac4 fompare Mrpriees with thoe
j r any city, Last r nest.
IMcFARLAND, COLLINS & CO,
Se. 141 rina Aveaae,
' Sei? to PgetoKJe. PfTTS3 CRCO.
JttlyS.
a!M,aa
!',. C3MUIS-SI21 j i
if - a. ffig'iTj
j;Vgir rva I
DoineiiBex
r: s
THE OLDfcRIST ?IILI
bit - n. rr'DDiSt.
Tee frirt tcii! ;aciif an.'e the iireiro,
Wiih tM-iK'.icc THjf an-I WdIs; i'.i
So ut! that whoa tbe wlcri are wiM
Tbe miller tremblra aet it till ;
Btti tar aad rry, never tm,
Bedeck a o'er frvm year tu year.
Tbe dam Is Reap, and welded green ;
Toe galea are raued, the wler puar
Al tread tneolJ bid wheel's t!i p ry s-c
The kwet rooaJ t eri.rm'rre :
Xethick they hare a "oud uf Ire,
Ueraose tacy caaaot climb it Liger.
From morn till nijrhl, in aatoma lime.
Vk hen heary harvesu load tae Uiu;
Vp drire the tanners tu lie miU.
And bacs acoo with liavled wi!e ;
Tfeey brtog a heap of Jca gra in.
And take It b-tn la mral agnia.
Tbe mill Inside Ud:m and dark.
Bat pee piie; in the upen dour,
Xou see the nuiier Sitting roond.
And dnrtj bajj along the flur:
And by the taft and duwn tbe pou:.
The yellow mea! coaies pooring -ut.
And all day long tbe winawed chafl"
Floau ruond it a tbe ri!U7 breez?.
And ihlneth Lke a settinir mm
gidea wiafrcd and beetled bee :
Lt fparka aruDd a tL-'timU:' liwr,
Whea bellow Uvw and fvrge roar.
1 fc.ve the plea int. qiulut old tnUl '
Ii 'mi-iii me ol my early pntoe :
Tii changed iaoe then, be: n-.it ai n.nh
Aj X am by decay and time :
I:a wncka are m.e-i irens year to year.
lint mine all dark and bare if pear.
I f-anl beaiiie ths etivasa cf !i:'e :
The mighty current al nr.
LLticg the Eood-gate of my heart.
It turn the magic vLecl ' &"g.
Aad grinda the nj-etin harveM IrL:
Fmont the g.-ldea heii of uV'Orhl.
SPKrXII OF IIO. F.IHV1IRD
Mcl'JIFKSO.V.
T- 1 1. . I I ........ I l... I'l.r..,. .
ice nou. r.....u
L 11 Q 1 1. 1 1 1 i .-tw w
.irjeted tbe carupaiirn in
tLis Mate ou
Thursday evening last in an able ad
dress, reviewinit tbe recurds c.f th
cand dates fur Guvern-ir aiid the Ir
enes cf the campaign. We give tbe
speech in full, as repu.-ietl in the
Heading Tinu.
Mr. McPhersi-n sp-ae as foilown :
Mo. Chaibmav: Tbi-s is tbe fir
time I bare ever met fate to face, tu-
trrave Kepubiic.as t f Urrks, b. -
hare for aecore of j ears eli..-D :n .
wor.bv caue the noble.-: dr-vi.tion t
urincinie. I am fcere at tbe reriue)
if the Chairman of tbe Republican
Siate Committee U address vou as 1
may. oa tie .Kliiicai topics ol
tU
! hnur.
Tbe Democrats at Erie, after a
fierce strutrtrle t.f two days, finally
v ajreeu uiKa tLe;r t.cai t ana piaiii-rui.
tbe bistorr i teal convention re
1 veals to tbe eve of the whole Com
1.in..4l,h th rt i'J.,n ..f th
i tuuj.raiiii , n i- 1 1 u i. ii-.i.... .. . i . -
1 .. .-1 V. ,Kj r r. , ... ii.i i:..n .,t .h.l
part v.- tbe teuds wbtcb di-vract it, th
rankling distrusts wbicb mar it. ant
he absolute want of aciiairtn'n boud
f UDion. The genera! result uu-i
be accepted as a re v. : a-raiost the
iuriLtr leadership ut tbeoealy laidr
teoaror ffum 1'encsylvacia, 'b
went down under the a.-adl:s of a
compact comb iaa; ion among bis ri
vals. On the surface, tLe nomination uf
JaJge TerebiDg apjars to have
cuuie by one of those audacious
movements which frequently sweep
ibriuh an txcited and wearied
body. iu: tie secret Lirtory, since
made kaown, sbo-ws iLat it was care
:ully devised in advance; that the
'ii'Ciiaee wslS deliberattly st-lecteil
before the boJy met, and by one not
1 their number; (Lut the p'ao of op
eration, afterwards carried out by tie
able and trusty Etateaatits. was the
off-priog of tbe ftr.iie brain and
-kiiiful management of CuL McCIure
if tie rb.liitie'iphia Times, wb
-erved in the Legislature with Jud
Perching, in memorable days, sod
ho doubtless knew b"s man."
The veil etlected to cover the ground
f choice was well cbu.en, and
hough fiimsy, was tbe best afforded.
It was because Judge rershiag bad
the courage to sentence to imprison
inect'ttree men who bad been cod
r:cu.d Lefvre bia of a crime. Sir.'
;bat else coaid be have done? Han
he done less be w. nl 1 have deserved
iope icbmenL What other Judge 1 r.
he State woold nut likewi.-e have
foQe bis ddty? To make an esptciai
merit of this is to insult every man
.vho wortbilv wears judicial robes.
JCICE PESSIlINiis LEGISLATIVE EE- i
It is said that Judjre rershiDz'.-!
-ervice in tbe Legislature was tucfi '
as to commeud htm to the people,
ii:n fur i;a personal iotecTity aod its
pol tical re t tude Of this the pe
uie can better judge wiien the recurd
examined, as it no d-jub; will be.
: bave nn cbirtres ta make invultin
he f..im r I is "f the 1. 1 -r ojIv
tnat 1 prnp.e lo sneak. If the pe -Ie.
after ci-Osiderinif ii. approve it,
he. r basis cf judgment d.ffei
from mine.
1 End that in tbe LenriaU'.ure "f
18 i3, bis party being iutbis maj irity,
bewa.guihy vf tbe inhumanity of
Toting fur a bill to prohibit cukred
persons fromcdmiog into tbe State t.i
make it their temporary cr permanent
residence. In the same Legislature j
be voted for resolutions denouaciog
President Linculu's emancipaiiun
iiroc'amaiion as unconstitutioaal, and j
r.is other acts nnder the . war power j
as arbitrary aa J u&jw-L As if tu
tfive erapiAiis to tn lve lr slavery , I
a a ,
we find bid in tbe Legislature ol
re:ting tb ratincatioa of the
'birteentb amendment, and voting
again that Erst and greatest con
quest f tbe war in these immortal
words: "Neither slavery nor invol
untary servitude, except as a peniab
ment for crime Wacreof tLe party
shall bare been duly convicted, shall
exist within tbe United States or any
place subject to iu jurisdiction."
To crown this amazing subservi
ency, we find bim in tbe Legislature
of ISC 6 voting against the resoiu.iun
instructing our Senators and request
ing our Representatives "to resist tbe
I admission into full fellowship as
States of any and all the States late-
It in rebellion until tbe organic law
of tbe nation shall be so amended as;
to protect tbe credit of tbe Govern
ment; to prevent tbe payment ot any
debt incurred by tbe rebellion; to de
fine the paramount authority, of the
Genera! Government; to protect all
persons in all States ia their rights
before tbe law; to prevent compensa
tion for emancipated slaves, and bo t s;
tabtlsh an equal basis of representa
tion, and thus secure to tbe cation
tbe just frmta of lbs war inaugurated
vantoaij try treason."
L pon tnese principles
teenth amendment was
tbe
four-i
based.
t it t . t s ft t: r, .
SOMERSET, PA.. WEDNESDAY.
Jude P-r?bi0if ri n;t fa ibe Le-ji.-iiiiurp
hea the f -final rule n ibe
raiiScatioo wm takrp, bat we bate a
; rijihl t- awurue IDal be was an box-1
i tile t.t tbee cunditii'D wheo tbu
t-rmulated as t-f're,- S tba if the
pentilt; of PeiiurvWania bare a pride
iu tbe absulaie freedtim of our wbn.le
people as cmferred ib the thirteenth
auiruuiucDi, ur uwe i sraeoi Clir -
J - ...1 m I
ity uoarr any ot toe lar reachio?
r - . . .
nrnv itiina nf Ihp fimrt.onth . mnH
ot the loarteenth amend-)
merino part or tbe; r p-atunde w
dttetatbe Democrtc D.mDee for
Gvemor; bat .11 re enjoyed p.te
of bis influence and effort-. HaT,n?
the deposition betrayed by these
oira, ii ia iruursw, u.j lor Dim
to oppose, in tbe Leialatare of 1 ?4.
tbe bill gvng the soldiers in tbe
army tbe ripbt to rote in their camps.
; Willing o b guilty of no great in
justice to men who were actaally
j battling for tbe preservation of their
Government, it is not surprising that
I he should have found & reason tu
j Hiio for voting against an act to pro
hibit corporations from paying their
I employees in orders upon stores, and
j io 1363 for voting for an act to make
! ;be employees ff railroad corpnra
iiinns' re?p-)niible flr accidents, in-
... . , ,
s:ead of tbe corporations themselves.
! Io state this record is to convict
r. . i - a " ..!
j bin), during tbe frtniKirle of the war,
; of tbe intenseat kind of partisanship.
' and to connect bis name with those
j reactionary efforts wbicb, if succeys
i fdl. would bare ma ie tbe war on oar
part a useless and a criminal sacrifice
of blKd and treasnre, and would
j bve covered this generation with
, , i-hame and opened for posterity the
fl.wtea 0f misery
In the face of such
votes
it is im-
tm-5.ible to deceive the people of
Pennsylvania into . believine him a
proper man to reward with tbe high
est honor in their gift. Clamor may
d much to becloud tbe public judg
ment, and false claims may for a
time mi-lead, but tbe stem te.t f
j actual fact will dispel every cloud
..i . ;!!.;.:,
J
M''v - habtkasft 9 muitary axd
J V,L cRD.
i Ia striking contrast with all his
' .-viug with treason, its ca ises and
rr u!ts, is
! lartraaft.
tbe career of Governor
While Judje Persbioe
vas seeking to fasten be chains al
ready upon the slaves, General
ilartraoft was faithfully makiosr tbe
ii:bt which, after 1SC2, became inev
itably a 6gbt fr emacc'pation, aid re
: ai th fa! !y and intelligently accepted
.be I-jgic uf the case. While Judire
Pershing in tbe Legislature was
-etkingto deprive the isoldier in the
army of the dearest ribt of the citi
zen, and thereby weaken the cause
f loyalty and strengthen tbe bands
f disloyalty, Hartranft was barin?
tiia breast to the foe and extortinr
raises from all mea for gallantry io
he Geld. A grateful people upon
be advent of peacetalled him into
their civil service, where be has been
sn.jwn and read cf all men from tbat
dav to this. Fur the last three vears
he has discharged the most Lfficuh
a ad delicate duties wbicb thev ran
impose upon any citizen; and yet a
convention of bis opponents, as able
a body as ever assembled under tbat
banner, were unable to find a flaw in
!i is career, and adjourned without
taking issue up. a a single act of bis
Administration! Nit tbat tbey
would nut, if tbey could, but because
bey could not thus, perforce, py
ug him the highest tribute ever paid
kbio my recollection to any Gover
nor of Pennsylvania. Tbe people
auue't fail to note this significant
fact, which is a confession in advance
that although they oppose his re-election,
it is from other causes than those
f.r which be is responsible, and
which have their origin in tbe desire
fr the possession by themselves of
the p twtr of bis great office. I much
mistake tbe feelings of the people if
ibey will, without reas n, repudiate
a faithful officer to give place to any
aspirant, bowever shrewdly selected
ud bowever boldly Listed on bis
i-'arty.
STATE ISiCES.
The only resolutions in the Demo
cratic Platform which refer to Siate
affairs are the fourth, fifth, and sixth,
aud tbey are limited to the State
Treasury and to the denunciation of
tbe presen? Stato Treasurer. As be
is not the nominee of tbe Republican
party for tbat office, bis record is not
in the issue, but it is ooIt simple jus
tice to present ia reply to tbe charges,
such tacts as have been officially de
veloped. Tee fourth retortion censures
the State Treasurer for neglecting
t appropriate the moneys in tbe
S:uktug Fund to the payment of the
public debt as rapidly as required by
ia ; btit tbe Commission ers of tbe
Siukiug Fuud, consisting of Messrs.
IJuay and Mackey (Republicans),
aud Mr Temple (Democrat), who
tiave charge of these moneys, last
month beid a meeting and made a
statement to the effect tbat five hun
dred and eight thousand and eighteen
doU&rs aud twenty-six cents Mere all
the uOhgatioiiS. o( tbe iia:e now due
cr wbicn may be called at her option,
aud that there were but four hundred
.L SI 1 a a
aba nuy-seven loousauu iour nun area
I sua eignty-mree aoiiars and eight
cents (4oi.45o.U5) in the binkiog
Fund applicable to this purchase,
and although the amount in band was
fifty thousand dollars (5Q.&G)) short
of tbe amou; due, tbey unanimously
resolved to give notice of the pay
ment ot them, interest to cease on
tie 1st of November next, llow
much more rapidly these moneys
cuuld have been appropriated than
tbey bare been tbe Democratic Con
vention have failed to telL nor is it
easy to bee. I am informed, as I be
lieve credibly .tbat upon the payment
Of these particular bonds there will be
co others wbicn tbe State will bave
tbe option to pay until the 1st of
November, 1;", bo tbat to-Jay, ali
are provided for which can beprovid-
Q. lor Wltnin me nei; luo jenrr.
The State Treaa&rer also censured
fur Qut accounting for tbe interest by
bim on tbe money deposits of the
State, and a call made for a discon
tinuance cf tbe practice by State
Treasurers of employing public moa
eys for their own profit cr parposes.
There can be no doubt of the pro-
Ipriety of each legislation as w illbteA
j up tbe practice.
i Tbe resolution of tbe convention
would have been more creditable to
its candor if it had admitted, wbat
't
OCTOBER b 1S75.
i: D'i diMib: kaev io he a fot, fh;
this pt-ruici'iu uractice bad iu oriniu
in the times when tbe Democratic
party ruled th- State. If the jreotle-;
rnu b rt-p-.rted thU ref luti n j
H.iti. Fruci Y Iluhe: desires t'i
have presumptive erideuce ol tbe
existence tf the practice as far bark
I3d3, wbea be was tbe Secretary
0f tJje
Commonwealth. I will refer
. him to a Hianifioant Dieoe uf fioancier-
l - . . . . T
mjf ui wnicn ne cju rl hardlr bare
j 1nir4at b h h"e mlT
U.tre fatten it now Tbe jeaV
! H53 be.fan with a debt Iesa cash in
; the Trereury of $40,142 264,37. Ia
Dumber. 1?53 it d thus-.
Fan-lni debt.
C'aah borrowed fnm banka in Jaaw.
13. and nnpald at the end of the
Tr
S0O,"QO )
Tolal
Leaacaan is Treaaory,
aLiir m
Dee. 1SU. ... TM.4.T 3
Actnal debt aiO.t31.M3 1
It will be observed that this tem
porary loan of 590,000 was made in
the month of Jane as a temporary
loan, aad was not paid daring tbe
year, and yet we find that tbe follow
ing balances were in tbe Slate Treas
ury at the end of each month during
the last six months of that year:
Jane i) 1 OTt. M7 o
1 J U- 31 !IH.Nt1B
Aagunu lit hm m
i it, 1 aaa n?
(rlilwTM w.lia3
Nvrember 30 734.417 ii
For part of the time the balance
on band was more than double tbe
amount of tbe temporary loan, yet it
was unpaid, interest accrued upon it,
and the Commonwealth derived no
benefit from tbe balances. Is it un
gee runs to suggest that some one
else did, or this amazing folly could
not bave occurred? It appears to be
a curious coincidence that the presid
ing genious of ibis system of finances
should bave been the bead and front
of tbe Erie Convention.
SINKI5Q FCXD AXD PUBLIC DEBT.
I am glad to know that tbe Dem
ocrats believe in tbe sinking fund.
and tbat tbey intend .0 help support
u. I congratulate them npon this
I remember wbeu tbe sinking fund
was established under the Whig ad
ministration of Governor William F.
Juhuson, wbicb upon its accession to
,Kjwer, unshrinkingly addressed it
self to tbe devising of a plan for the
maintenance of tbe credit of tbe Com
monwealth' and which boldly evieJ
new taxes for tbat purpose. This
was done amid the opposition and
the derision of tbe Democratic lead,
ers of tie day, who, faithless them
selves to their duty, were jealous of
the effort ot ethers to perform it
Through the operation of the Sink
ing Fund, and by wise management
of the Sute finances, tbe public debt
has been reduced from forty odd
millions of dollars, which tbe Bigler
Ilubes dynasty bequeathed to ns in
I960, to tbe nominal sum of twenty-
three millions of dollars, and to tbe
actual sum of fifteen millions of dol
lars net in 1 3 To-ail within a period of
twenty years. During ad this time
the great measures which built up
tbe Sinking Fund were enacted with
out tbe votes of the Democracy ; and
in this I include the first great ef
fort of this people to rid themselves
of a paralyzing incubas by tbe sale
of the main line of the public works
It is pleasant to know that if tbe
Democracy never helped ns to pui
anything into the Sinking Fund tbey
now propose to help us to keep any
thing from getting out Let me add,
f r tbe benefit of those wbo wish to
know the Legislative record of their
candidate, that when the bill wa.
passed wiping out tbe tax cn real es
tate and transferring to corporation?
tbe burdens thereby taken from the
people, Mr. Pershing, though a mem
ber of the Legislature, failed to re
cord his vote upon that bill, as if
thereby to show his fidelity to tbe
corporations tather than to tbe peo
ple, of which he is said to have given
many proofs, besides the two I bave
named elsewhere
NATIONAL ISSUES LEGAL-TENDER
NOTES AND THE CONTRACTION
TIIEME.
The burden of the complaints in
the Democratic platform bowever, is
uf national politics, and at aa elec
tion, too. when only State officers are
to be chosen. It charges .contrac
tion of tbe currency as tbe cause of
tbe panic and of tbe present depres
sion in business, and holds tbe Re
publican party responsible for these
results. Let us see by tbe record
what the contraction has been, and
wbo made it In 1362 tbe tbe Gov
ernment of tbe United States com
menced the i&sue cflegaj tender notes.
TLe first issue was of one hundred
and fiftr millions of dollars (150,000,
00a This was in February, 1 SSi
Four months thereafter Congress
authorized one hundred and fifty
millions ($150,000,000) mare. Eight
months thereafter il authorized one
hundred and fifty millions (150,000,-
000) more, making four hundred and
any millions (4o0,W.0.JUa ) in all, of
which fifty millions (50,000,000) were
to be ued as temporarily required
for temporary loans. Tbe issue was
proposed, advocated, and defended
solely a3 a "war measure" ia both
bouses of Congress, and was justified
by it friends by tbe overwhelming
necessity then upon tbe oouatry,
wbicb is tbe ground upas wbicb the
Sopreme Court of tbe United States,
in their ia.t decision, sustained their
use aa a legal tender in payment of
all private debts. To quiet anxiety
as to tbe extent of this issue, wbicb
bad already trebled the amount fixed
for it in tbe beginning, and to aid in
placing tbe large volume of bonds
created. Congress, during the war,
on tbe 30th day of Jane, 1374, de
clared, ia tbe act for the issue of four
hundred millions (400,000,000) of six
per cent bonds and of fifty milli- ns
(50,000,000) of traction al currency,
that "the total amount of the United
States notes issued shAll aever ex
ceed four hundred millions of dollars.
and acb additional som sot exceed
ing fifty millions (50,000,000) of dol
lars aa may be temporarily required
for tbe redemption of tbe temporary 1
loans " This pledge remains wire
pealed and inviolate.
WHO VOTE? IT -CONTaACTION'
IX 1S65.
One of tbe first financial steps
taken after tbe war was for tbe eon-4
traction of tbe currency, ike Secreta
ry of tbe Treasury, a the first session
of Congress, having strongly urged
the necessity of it. Within two weeks
the Ilotise of Representatives respond
IT " 1
1 jl oj cilUL
ed
i
thl r-t !l1!"!'!:it
uti 'U uf a r- luti iic
t.i a j
curriair in the ie "I the s-et.- ::i
arid plfd.'imr '-perai've c i u
tht eud - ?td'lT -
Tie re .luifii a '-' ' ,v
enormous iie of tie biiud-ci au-i
forty-f iur t six b t onr D -mix-rat
toting again ft it, ajjittg '.be afS .oa
tives sucb well known names as
Sriiinhnm F! Anmna. Bel i .Uiiu M
B'.yer, J .ha L Dw. a. C-arlr-Deaisoo,
Philip Jobus-io, Samaei J.
Randall, and Myer Str. use Io f-ur,
months Cooress matured od P--;
ed April 11. 1366 tbe act author-;
iziug the retirement and canvrelUtiou
often millions (lOOOOOoO) wiihiu
six months and four millions (4 000.
000) io any month thereafter. Upon
this bill there teas but nne Democratic
vote in opposition. In tbe Senate
tbe negative vote was exclusively
Republican, both our Pennsylvania
Senators (Buckalew and Cowan)
voting in favor of it, with the Demo
cratic Senators generally. Under
this law, thus passed, furty-four mil
lions (44,000,000) were retired ia the
next two years, op to 1353. leaving
the amount in Mrcn'atioo at tbe time
of tbe panic in lsT3, three hundred
and fifty-six millions (356,000.uw;
After that event tbe Secretary of the
tbe Treasurv, claiming the lawful
power, re-issued twenty-six imai-m
(26,000,000), bringinar tbe amount up
to three hundred and eighty-two
millions (332,000,000), in July 1374.
or but eighteen millions (13.000.000)
less than the maximam amounL One
would hardlT sanoose. from the vio-
J l r '
Ience with which the contraction thus
far made is denounced that tbe en
tire force of the Democratic party in
Congress wa3 arrayed in favor of this
measure.
BCSPENilON OF '"CONTRACTION."
But this is not alL Earlrin'1363
Congress intervened to suspend e--n
traction, and by law so directed Feb-
rnarr 4. Upon this bid, which pass
ed the House largelv. I see the De-
mocracT of Pennsvlvania arrived
themselves in opposition, not one cf
them voting to stop contraction. The
names of Getz, Glossbrenner, Ran
dall, and Woodward have, every one
oftbem, tbe ring of bard money.
There was no further legislation.
on this subject until after tbe panic
of 1S73.
THE VETOED CfRRENCl BILL
A large part of the session of Con-
eress in 1374 was ?pent npon it.
After long discussion an act finallv
passed both Houses Ex in? the maxi
mum amount of united States notes
at $100,000, which would bave in
volved aa authority to re-issue $13.
000,000 more than were then out.
and authorizing the issue of $55,000.-
000 to national banking associations
to be distributed among tbe several
States. Ibis bill which was a meas
ure of inflation, and on that ground
was vetoed by the President, did not
reeeive the support of a single Penn
sylvania Democrat, so that if tbe
country to-day be suffering from tbe
effects of a contracted cnrrercT there
is as much responsibility for tbat re
sult opon the Democracy of Pcnnsyl
vania as upon anT other portion of
tr-e country, through their Represen
tatives, and their attempts to shirk it
and fix it upon others partake of the
nature of a disreputable trick.
"Com INTEREST n
So also with tbe otbr resolution,
wbicb demands tbat tbe Government
shonld cease to discredit its own
money, and should make its legal ten
ders receivable for public dues ex
cept when respect for the obligations
of contracts requires payment in coin.
You may be surprised to hear the
record of the Democratic members of
CoDgress touching the legislation
thus complained of. In 1362, while
this legal tender question was pend
ing, tbe House bill made these notes
receivable ia payment of all taxes,
duties, impoits, excises, debts, and
demands of every kind due to tb
United States, and for salaries, debts
and demands owing by tbe United
States to individuals, corporations,
and associations within tbe United
States, and shall also be lawful mon
ey and a legal tender in payments ot
all debts, public and private, with
in the United States," ia which form
it passed yeas 93, nays 55 receiv
ing the support of but five members
in good standing in tbe Democratic
party, and encountering tLe opposi
tion of such Democrats as Messrs.
Ancona, Biddie, 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, wbicb
made each note "receivable for all
public debts except duties on imperii,
lor all salaries, debts d demands
owing by tbe U. States to individuals,
corporations, and associations witbiu
tbe United States, at the option of
such individuals, corporations, and
associations. " Tbe Senate amended
tbe House bill so as to make these
notes receivable for all claims and
demands against lbs Uuited Sute of
every kind whatsoever, except for
intercut upon bonds and note, ichich
s'uulbepaid in coin. This section
establishing coin interest upon United
Stales bonds, and wbicb, tberefore,
necessitated the payment of duties on
import ia ceio, was agreed to aa tbe
House on a direct vote yeas 83,
navs 55 rccrv Democrat in the
budj toting Jr that proposition.
Among them are tbe familiar names
of Ancona, Biddie, Holman. Philip
Johnson, Henry May, George H.
Pendleton, Clement L. Vallandigbam,
Daniel W. Voorbees. and Ueodrick
B. Wright. Had even one-half tbe
Democratie rAembers of tbat Con
gress voted otherwise, this ''discredit
ing of Us own money" had never been
doae. And bow a Democratic con
vention, presided over by one of tbe
authors of tbe denounced "iliscrimin
atioo" inveighs against it aa a shame
ful act of the Republican party!
l&vrrios act or
1375.
Nor is this tbe only occasion
oa
which a like attempt to evade respon
sibility has been made. Tais con
vention partic&Wly denounces the
resampuoa act of January 14, 1375.
Evidently, tbe oven who drew tbe
platform never read tbe law, for its
srreat feature is tbe establisbaveat of
the evstem of free Unking. The '
eighth regulation denounces the pres-
ettt national Unking system as an
"already dangetous monopoly," when
WHOLE XO. 1-2457
. til iiis a - .1 1, e.ei-y
uu u.-p- ly bad fn swet t a?", y f in
b -ae-lli! Til ilX-b-Tt'i U - 4'
. iiff ; - I' :( e.-r ' O ' oy
i..-i - ,.i ..- jili1 ; fin.
a u is Um; lesii.ii, i u . ..' t n i ,
a c.-py uf ti iu my b.atid. Tif'j-s
se-Cil-Ml yt i ..Irs t r t fl- c ! 1 1 4 a t
OllUl of led, leut -St r , ail tl -Cent
p-eo-H fir ?he r-denpi ?
f riy-five uiiili f frscn :.! .
rei.ey u.w -ul
1 lie se-c.-ud seciliiti reeaN tb
charge uf 1-5 ut oue per Centum I t
Converting standard gold bui'iou ihtu
coin.
Tbe third section - and I a.-k special
attention to this repeal, the limn ut
circulating notes of national bauk.
It authorizes each existing bauk io
iuc. eavse its circulating notes uuder
the law without respect to any limit;
heretofore made. j
It authorizes new banks u be or-!
ganized, under tbe law, without re-1
spect to auy previous liniit. '
Aud it repeals all previous provis-;
ions of law for the distribution of
national bank currency among the
Stat-s and Territories.
It aLo provides that as new nHes
are issued to exis'.;-g or to tie
oauks, "It shall be tt.- duty of the
Secretary of tbe Treasury to redeem
the legai-ieader Uohed States notes
in excess only of three buudred cuii
liousot dollars to tbe amount of
eighty per centum of tbe sum uf na
tional ban R notes so issued to any
such banking associations as afor
aaid, and to continue such redemp
tion as such circulating notes are is
sued until there shall be outstanding
the sum of three hundred million dol
lars of such legal-tender United States
uotes, ani no more.
It also provides "that on and after
the 1st day of January, li5, tbe
Secretary of the the Treasury sLall
redeem in coin tbe United States
legal-tender notes then outstanding
on their presentation for redemption
at the office of Assistant Treasurer of
tbe United States in the city of New
urar in Dunil 1 . 1 nrtt t .1 1 it.n flfrv
dollars." '
,,.., .t, !.ui.t,....,
" - . . l.U,JVt U'll 1 ' . 11..J UlaV
able the Secretarv to nrenare f ,r this
- 11 'J 1 1, ,s aviso 1 j rjnu iuai ill cuj
redemption, be is authorized
j --r.-r ...
to use i .
any surplus revenues in the
t., .
ireasu -
S atTot l,th.,3 ; fn
1.0 seJ, at not less than par in coin,
either of the descriptions of bonds
named in the act or Jul 14, ls70. to
the extent necessarv to carrv this art
re nn 111 hamiia . j , 1
into full
w
eSect, aa to use the pro
ceeas tcereoi lor tee purpose a:ore
said.
it win tie ooserveu teat tee privi
lege of free banking was instantane
ous upon the passage of this act, and
it is to-day in full force and effjet
Whenever and wherever more circu
lation may be needed it is competent
tor parties in interest to organize a
cans ana secure notes tor the trans
action of business. As fas; as new
1 1 a
oaqks may oe organized aa enlarge
ment of the currency will be secured,
nd sucb relief obtained as may be
possible from that source. Tbe in
crease is absolute to the extent of
twenty per cent, cf the amount of tbe
new circulation issued, and after the
reduction of the legal tenders to
three hundred millions (300,000 000)
the increase of tbe currency will keep
pace with tbe increase of banks, and
will respond to the demands of trade.
Under this act of 1375 tbe Secretary
of the Treasury bas alreadv, I un
derstand, retired eight mil.ions (3,
000.000 of greenbacks, and has issued
ten millions of dollars of bank notes,
-bowing that np to this time there
bas been no contraction cf currency
as a result of tbe passage of w bat is
knowa as the resumption act T..
most minds a system of free baokiu
appears to offer tbe best solution ot
our troubles, and it was ia confident
reliance npon the healthful operation
of tbat in3uence that the Republicaa-
ftbis State relied when in their
platform tbey resolved ia favor ot
free banking, a safe and nmform cur
rency a-Jj Jsted to the growing want-
r the business interests of tee coun-1
try, and a steady reduction of the na
tional debL"
THE DATE FOR RESfMITrON.
And now as to tbe date of resnmp
t on. Tfce history of tfce act shows
ibat the date finally selected was a
compromise between those who, like
the President, thought it possible t
resume by tbe Fourth of July, 1576.
and those wbo urged a date five
years later or more. The first of
January, 1370, was finally bit upon
as putting tbe business men of tbe
country npon sufficient notice, and
enabling them to adjust their busi
ness to that new condition, and at
the same time giving to tbe Govern
ment ample opportunity to fortify it
self for the event It was deemed
necessary to do something in that
direction, ia order to test the public
preparation fbr it Tbe day was, of
course, an arbitrary selecVon, mde
necessarily npon judgment, upon
sucb facts connected with tbe money
condition of tbe country as were ap
parent Some gentlemen voted
against the bill because tbe day was
too remote, others because it was too
early. No man in bis senses would
adhere to a fixed day, ia tbe face of
clea. evidence tbat adherence to it
would involve disaster to the people.
Nor would any reasonable maa aban
don tbe honest effort to resume until
clear evidence appear tbat the coun
try is not ready for it Time klooe
will disclose the force of tbe ic3
ence now at work to solve this prob
lem ; and there is abundant opporta
nitr for an aDoeai to tbe law-making
cower, should a change of date be'ness was tbe pity of every patriot.
demanded. This scheme as put forth was mani-
feily intended to pander to the dao
dmocratic vote on RrrmoN. j prions of men, to stir up
Rnt wherever and bv whomsc-
ever comolaii
nt dit be made of the !
itav now fixed for resumption. 1st of!
Jannarr, 1379, it is aa apt illustra-! !
.; r'k- t;k.Jw .rvui i
aVI VaJ aTV war At B, a J tTVUTO SUVia a vay-ane. j -
ions hang on them, to find tbe Penn-, conning suggestions of malice, often
sylvania Democracy sending fnb a runs to great excess. The whole
howl of reprobation ; fjr. oa taming platform can be best described as a
to the record. I 5nd tbat oa the 14th . dangerous, detestable, and covert as
of April, 1374. in tbe lloose of Rep- fiAlt upon tbe safety of ci7 "
reseatatives, pending the considers- upon tbe bet interests of ad passes,
tioa of tbe Hoose currency bill, the ad tbe doty of patriotic and fervent
Bon. E. R. Hoar, of Massachusetts, resistance to it is as dear aa when we
offered a proposition tbat "from and re called in lsSl to save the na
aftev the 4th of July, 1375, aothing tioo from the direful effect of the
but jrold and silver coin of the
United States shall be a legal tender ;
'for tbe payment cf any debt there-
after coatracted, and atter tbat date
every holder of U. S. note shall
; h.ve the right to exchange them at
the Trea.-mry f.ir fear and one-balf
' per cent bonds, thirty years, payable,
.principal and interest, ia t-uld, the
no'?s i exchan-d t- be uer led
and destroyed and un ,te
be issued in lieu there..". " Tcis
! naked resumption propo-tuon or
i 1 . J t
ui , i;t6, was votea ior ij tour
of the fire Democratic membra frrni
Pennsvivaaia, Messrs. Clycur, Ma
Randall, and Speer, taree of
!d'iu were in active ar: -na
up..o ibf Erie C-oveotioa. At i
ueli Slate Cciventiou, bi IT. 3
a ter, lie Penary lva:;'a DeoloCu'S
suosir.r't tb Vote l resM'iUh, Ut
, fa r of a s ca ly dor to o. ;ug ia
i.ier m-u: ti"ie- ; a ar witi a, id,
t . s. Ci .
- - ' ' ' " I- ' - P d
t r
, ri p --
. a
1 3 I J ti
1 u cu'ruii .a
t
11 . ; r- - .i.
.- ,1 t lui If
1 1
I r-X, .
l.t ..iV a
Ii aludrl .l
anil ia tije
u , U '
ili- j -
-iT tils pr e
1 t-lil-.
I
tl . a.ii b . 1 1
i a . .ta
li ..iii itiiareli
t"
t
rr Vl eef
pi? ! I Ola e-.-uuir Ui j v ua.e tl". e,
ibrv
fiav Lever permaueuiV C !
ti'leii iu uy id a 11 or La auy pmy
u -stf orim; jii. w are f t aai-; auU it
is I . Ui? d,tp discredit of the Deit,
cra: .,f l'ciii,svluia tbat,. Iy their
oU fitife.,.,U- lurj , J. U)Citt believe-
iu an vtuiua:.
THE DEMOCRATIC REMEDT
CC'.'S1I'ERID.
Ia tLe li.-ht of hat ha.4 been
s h v 1
b- nbeurd aud Vet astoUud-
tbo Deui erratic
Cwuveutiou: It is fjr the extinction
of tte a'luDai banks, and the estab
lishment iu ittir stead of a system
1 1 .Tee l.a:iWs of dicoaut aud dep t
uuder sucn legulniionn as iLe
States 'especiivelv prescribe, aud no
paper m-iaey except sucn as may be
ls.u-.j d recti y by aud upun ICe faith
of tbe Federal GovernuieuL Why,
tfce p'eseut banking system is at this
ui tuen t a system .f free banks of
ui-count, deposit aud issue, under
regulations prescribed bv the Gener
al G-jverauieut, and with a circula
tion every dullar of wbicb is secure J
by a bon J representing the faith and
biu-liQa-the wealth ot tDe whole na
tion. Tub new plan wholy fails to
indicate hjw the currency to be is
sued cii i-r it is to be paid for; bat
the pre-aaiption is that when tbe par
lies br'jg to tbe Treasury the securi
ties which tte particular State re
quires, the Government will be bound
to issue its obligations therfere, and
tike its securities, whatever thev
may be. Or is it intended that the
j Government shall issue the paper on
1 . . .
can ana the sis:
f-es? Or what
es hoid the secan
other daTice, unex-
V-1'1 me Jpiicaoie, is mere ne-
i.: .1 - t- t. . 1
.run,!
this
proposition: the scheme
;iiioiea o-otieciioa iu a eammarT
, , . -.
.Ives
. " " ' .UC U1UC UUJU1CU 1U1111UUS Ol
d1:" (00,000,000) due tbe banks
. . ...
b-v Growers wbicb would cttisea
C(-'mmc-! dl3 9QcI ."
Count"T b" D se ?' 7 TIs,oa-
ary ever conceived. It WjUid in
volve tie withdrawal and dlstnr-
"jbasec cf caormoas amounts of in
vestments ia trust and otherwise, to
tbe probable Lss cf large portions of
them. It would require tbe with
drawal acd sale of the five hundred
tuitions (500,000.000) of Govern
ment bonds, held by tbe Government
as security fjr tbe circulation, to
make them, if the market be depress
ed thereby, a cheap prey for foreign
capital, thus increasing by thirty
millions (30,00,0u0) of gold annual
ly oit indebtedness to Europe; or if
a-jt fully tbat, to stagger our own
market to tte great depression of all
tLe other securities upon it. It can
not be pretended that tbe change
could give us a safer currency than
we have, for wbat security can be
better than tbat now required for
bank circulation ? Its sole purple
appears to be to tear up as if in
anger and revenge, the system now
existing, made necessary by tbe war
and regulated by tbe nation, and to
substitute Lr it the ante-bellum sys
tem tf State banks, under their ex
clusive regulation, to be more or less
-ecure as State legislators may de
r nine ; to become, possibiy again a
iruitful source of corruption ia State
capital:) ; to magnify there J State
autboritv and increase State power;
o become a barrier in the path of
tte Government, as the old State
-ystem was at tbe beginning of the
war; to defy its power, to refuse it
ne!p. and to sneer at its appeals. For
tie, having learned something by
the war and by the struggle the Gov
ernment bad in tbe dark dava f
l51-C2, 1 stall never consent tbat
tbe Union shall lose tbe grip it now
has upon the money power, bat shall
insist that, tor the public safety, it
continue to preserve it, to control it,
to tax it, and to make it a sv rvant to
tbe people. With free banking es
tablished as tbe law, there is no room
for interference by tfce Government
with tie volume of the currency, and
ttertfiire with value. Therefore is
it clear that tbe philosophy of this
Democratic scheme is tbe same which
animated that party and its meas
ures before, during, and tince the
war to this boar in all thingj tbe
idea cf tbe provincial, the reparatist,
tae unnatioual, as distinguished front
that inspiration wbkb maks cf this
people oue nation; which binds to
that nation all its parts, with ail
its parts, with ail their func ions, and
wtich. while recognizing tbe rights
of the States it invades no part of
ineir proper jurisdiction, yet demands
tor tbe equai good of all and for tbe
safety of all, and for the integrity
and tte polity of the system itself,
teat it shall bave but one bead, and
that tbe Union, instead of being dis
cordantly controlled by tbe various
States. This arrogant demand of
desperate, political gamesters has its
origin ia tte jealousy and hatred
of everything national, which ditin
gu tabes tbe Democratic party No tb
and Soutb, and wbicb abowa itself
on every band in ili-concealed efforts
to drag tbe nation tack into tbe ruts
in which it moved before tbe war.
when its feebleness called forth mock
ery from its foe, and when itanaked-
strue oetweeu my .v.
political profit, and recklessly to toy
n loe r ---
mis-'ortane produces, and which,
when aroused to desperation by tte
long .ura.ua; '
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