duties ou importa awl the in,terest,of the pub lie debt: . and WItEIIEAS, It is not good policy, nor just to the people that Congress , shall pledge the fah of the United States to a mode of pay ment More burdensome than the laws re quite ; therefore, " Be it ;.esnhyd, d , ., That the public debt ''l the United States, except where the law provides for the payment in coin, shall be paid and redeemed iu the lawful money of tie United States, and the faith of the Uni ted States stands pledged accordingly." ' In the speech which I delivered before our lest Sib of January Convention I discos east this question with come rare, and will ask you to allow me to read briefly from what I then said: • " But there is a class of bonds , known as live-twenties, so called because they arc pay able in twenty years, and redeemable at the pleasure iif the United States, in live years trout their issue. The law authorizing their issue does not provide that they shall tut paid or redeemed in coin, but it does pro `tide that the interest shall be paid in coin, and the same law provides that the treasury notes, known as the legal tender notes, " shall be receivable in payment of all taxes, inter nal duties, excises, debts and demands of ev ery kind due to the United States, except duties on import, and of all claims and de ue against the United States of every tint whatsoever, except for interest upon bonds and notes, which shall be paid in ruin, acid shall also be lawful money and a legal baidet in payment of all debts, public and private, within the United States, except du ties on imports and interests as aforesaid." Treasury notes having these qualities were issued - to the amount of four hundred millions before the five-twenty bonds were negotiated. The argument drawn from the tact that bonds heretofore issued did not provide for their payment in coin, yet they were so paid, has no force, for the reason that when such bonds were issued and paid, gold and silver were the only "lawful money and legal tender," and therefore a contract to ,pay iu money but silent as to the kind of ,money, was a con tract to pay in coin. "Those who agree with Governor Morton in the denunciation recently made in his Columbus, Ohio, speech, that it is Democratic repudirition to pay these bonds in legal-ten der Treasury notes, repudiate the letter of the act of Congress declaring them "lawful money," and clothed them with all the qual ities, of gold and silver for the purpose of diseharging legal obligations, except In the ailment of "ditties on-imports and the inter ..fat on the public debt." If after that Con gress atifliorized the issue of bonds payable it linotcy; but silent as to the kind of money, may they not legally be discharged in what ever is the "lawful money" of the country? By what right then does Governor Morton and the Itadical press of the State denounce us as , repudiators, when we propose to stand by the letter and spirit of the contract? lie who bought the bond- of the Government With Treasury notes as "lawful money," then heavily depreciated. must• be content to be paid in "lawful money" now notch apprecia ted. This argument is strengthened by the fact that in aubsequeut loans, as in the case of the ten-forty bonds issued tinder the act of alareh 3, - Wl4, when Congress intended pay ment to be anade in min, it was so provided in the law Mid upon the face of the bonds. "The debt of Indiana was contracted when gold and silver acre the lawful money, and the only legal-tender. She did not hesitate to pay her Interest in Treasury notes' when they were worth but forty cents on the dol lar. Was that denounced as repudiation ? "It is said that it is unjust to pay' these lauds otherwise than in coin. I am not able to perceive that it - is so. The bonds' were bought front the Government when the Treasury notes were lunch more depreciated than now. Undoulatply there were haul cases under the Leg: -tender Act. I recut had one case that app tired so to me. I may not he accurate lo tit amounts, but nearly so. One citizen having gold, $lO,OOO, during the first year of the war, and before the rise in gold, or rather the fall in paper, loaned it to his neighbor at seven per cent. That neighbor %%LS Ale to pay the interest and hold the gold. He did so until after the passage of the legal-tender law, and until gold went up to *2..10. He then sold the I *old for $25,000 legal-tender antes. With 10,000 of the notes he paid the note given for the gold, and with the remaining $15,000 1 he bought fifteen of theiive-twenty bonds of $ 1,00(1 each, upon which he has since receiv ed his 'Merest in wield every six months.— What became of the other gentleman who was compelled to take paper worth shout $4,000, I can not tell. Perhaps he becatue a Quartermaster, or sought some other emi nently loyal position, hoping to retrieve his fortunes; but I have been entirely unable to excite a throbbing sympathy fur the gentle men who holds the $1:1;000 in bonds. I can not say that financially be Las done badly; and in the little question between hint and the tax-payer, I cannot go with Governor Morton and his followers, and hold that we shall go beyond the conttact and Stay his bonds in gal. Tins large class of bonds be ing payable in twentyyeara in Treasury notes, they are now many of them redeemable in the sallle. , "Then we may comnienee the payment of our debt by the issue of Treasury notes, and thus stop the payment of gold interval, and also inerelue out currency, and thus shwa , late commerce, emeriti ise and labor, and in connection with a wise polies ion apt South ern' States, and the development Of their re souree,, restore prosperity to the whole/a:mi tre. I would not bv ninlersttiod as !win; in Myer of an increase of the currency, without limit. The dangers and evils of an unrestrit tad issue or paper moneV cannot be too ease fully avoided. Temptations in that direct ion are great, and mist he resisted by a Mom and prtuleuce. No :me more than myself ra g grata the necessity of a resort to-paper curler cy, , Nil it results trout uses-shies of out. e - • (DIME'. The issues mast be limited le '- demands of business, all.l 1 1 1,e. weals. ' t i c people oms counts- and Co- ' people hi meeting the enorniotta ' .' of t • Natioal, att vies for . o _, purposes." The Chlesa go convto.', on . - , c high nomina te'l 11. .. m Grant arid 'tr. Cad fax. professed to tio•lare the pelicy e l i a.a• x iii govern the can didates and a l to party c n thi s - sem ea t, The reathitionsls: "Third. lye lenotrnee all forms of ri.:pielia iron as a national Caine., and nazi nal honor requires the payment of the public indebted ness iu the utmcat good faith to all creditors, . at home and abroad, not only according to the ,letter but the spirit of the laws tolder which it NVItS contracted ' What dues this mean? it gold payment, why is it noe so said—ami it' greenbacks, why not tell the people'.' If is plain that the let ter, the language of the laws is not to control, but what is supposed- to belts spirit is to govern what the lowa hay ought to be what they menu, and the spirit and intent of a law ought to appear in the language used. • A construction has already been given. , ha a speech delivered' at Columbus, Ohio, - on the :lith day of August 1804, Governor _Horton spoke of the proposition to pay the bonds in•greenhaelas as '"the black channel of repudiation," "the black cloud of repudia tion," ' - "charged with the livid lightnings of dishonor and destruction," and as "a weak device of the enemy by which they approaCh direct repudiation.' Gov. Baker in his speech at Cincinnati, on Septena bsr 10, 1867, said of the measure that it "would result in the destruction of the eredit of the Government tit home and abroad, and ultimately in practical repudiation, which is the real object sought." The Chicago reso lution denounces "all forms of:repudiation as a National erhne"—and the great leaders of • the party in Indiana say that it is repudiation to pity the bonds in greenbacks, and thus they declare that the spirit of the law requires payment iu gold,, and that is the meaning of ' the resolution. ' In what contrasts are the New York reso lutions upon this and kindred subjects ? They leave no question in doubt, but in plain. words declare the policy of the party. I will 'rand them: "3. Payment• of the public debt of the United States as- rapidly as practicable ; all moneys drawn front the people by taxatio: • except so much as is requisite fur the p: , , c , ea „ , ;:_ ties of the Governnient, econoe:;,„i h . ad ministered, being honestly "ttplied to suck payment, and where 11:,,,, obligations of the Government du nut ,:,p,,,,,,A,i. state upon then, figs, or the law 'under is hick they were issued ddea not ',.. erivide that they shalt be paid in colt, :nay :night, in right sod in justice, be paid in the lawful Immey of the United States. "4 Equal ta:Vation ~f every species of property according to it-+ real salve; ho Government. bonds and other public se- "5. One currency for the Government and the people, the laborer and the office-holder, the pensioner and the soldier, the producer and the bondliolder." Will you allow me to call your attention to another of the .Clueago resolutions. 1 refei to the second, which declares that. it was right tor Congress to establish negro suffrage in the Southern States, and that it is the duty of Congress to maintain it, while the wtestion of suffrage in all the loyal Slates properly be lohg to the people of those States. Upon what principle does that rest ? Are we a di vided people? awe we one Constitution ' l ortheNorthasdanotherforthesoutht The Con , titutioa as made by the tlithers left it with each State to tleeide who may and who Shall not vote. In his carefully considered speech of the fl9th of -September, ltfai, Gov ernor Morton, in discussing this very ques tion said "I have come to speak mot,- properly on the subject of negro snaraffe, The Coultitit- Lion of the United States has referred the ques tion of suffrage to the several States. This may have been right or it may have been wrong. I merely speak'of the subject as it stands, and say-that the question of suffrage is referred by the Constitution to the several States." He then referred to the provisions of the Consti tution, which settle the • question that Con gress cannot interpose to control smfrage in any State. Are you now willing to say that, as the Chicano Platform, in effect, declares that the Constitution of the L oiled Stateshas a force and meaning in some of the -States which it does not have in others. That the war was to maintain the Pnion, but that a political poliey,shall prevail which tows the seeds-of division and dissolution. The men who control the party intend negro suffrage everywhere in the country, and they have es tablished it wherever they have been able. By an act of Congress it has been established in the Distriet of Columbia, and now at every election in the city of Washington, the disagreeable sight is witnessed of hundreds of white men being jammed and crowded from the polls by organized bands of negroes. By act of Congress and power of the sword ne gro suffrage is controlling in the South and by act of Congress it is extended to all the Territories of the United States, and the poli cy is fixed that no new State is to he admit ted whose Constitution does not make it per manent and secure. It has been established in all the Northern States where the p eo pl e would allow. lint recently the effort has been made to fasten it upon the Constitutions of Michigan, Minnesota, Wisconsin, Kansas and Ohio, but the people, by large votes said they would not endure it. A year ago the question was submitted to the People of Ohio, and Governor Norton, addressing them, said : "If you Audi refuse, von will then stand naked before your enemies. It will then be hissed scornfully in your face that your immortal principle of equal rights is only for Southern eAuctumption, and that the Radicalism of Ohio is but a cheat anti sham." In the same campaign, Governor Baker, at Cincinnati, was glad that the issue was made so bluntly in Ohio between "Old Prejudiee" and "Young• Progress," and claimifig that he and his associates were "Young Progress." He said she rejoices in equal rights; and planting herself firmly upon the Declaration of Itidependenee, she invites men to come up to the same glorious level, and enjoy the good thing , : which (hid has so bountifully provided for his children. . Then, to show how stupid is "Old Prejudice," by which he means the Democrats, because they will not stand on the glorious level universal of equali• ty, he tells the story of an old gentleman, who did not believe in railroads, but would ride iu his ox-wagon rather than upon the ears. Ns the story is too long for argument, I w ill not repeat, but only reply, at the risk of being ridiculed and Isughed at, by "Young Pro , ress"—which, in this case, is etedly run —that we shall continue to ride upon the ox wagon of the Constitution, where the flag of Nual States is ftoating - above us. (fur Na tional banner in now carried by able and patriotic men, who have adopted it as their own, and in their representative capacity they are worthy our support. Let us carry them on to victory. With them and with success we return to the plthetice of political virtue, and to honesty in the use of the pen. ple's money ; to retrenchment and economy ; to equal taxation ; to lower taxes. We re! store respect and obedience to the Constitu tion ;we restore the authority of ;we re store the ancient proceedinwa and writs of Courts ,whielt have protected the liberties of our race Mr so many centuries; we restore to the Sum:tine Court Uta;, rightful jurisdic tion of which it has been stripped ; we restore to the Executive its constitutional rights and powers, and place Congress once more tinder the authority of the Constitution ; and our troll,: will la; complete only when ithl the machinery of Gover»ment moves in harmony, and each departtnent in olyedienee to• the Constitution. Let us dig down to the fOun dation of -our political structure and if they have taken away the rock that our fathers placed there, let us restore it. Let us examine the joists and framework, and if any of the supports and braces have been removed. let them be restored and made firm, under this edifice which our fathers de vised, and under which the country became great and powerful, and the people were prosperous ittal happy. It must I restored.' The shades of the mighty dead, the hope, of the great future, unite in demanding it. Then we will have peace at home and power abroad. Then the laws will be obeyed, and . the strong and the weak, the rich and the poor, will be protected alike, and the songs of joy and gladness ii ill. be heard in the homes of all the people. Then nor flav2; will be honored by every nation, :old our citizens, Whether native born or adopted, will he a , secure in their rights u herever they traycl vt sojourn, from the Chinese Sea to the rekgdi waters that dash upon the western row.t of Ireland, as the titled lord in his es-The or the. ,crowned king upon his throne Jr - HY liAsT.—The the ?ist of Jurors fir the Ciiin l / 2 4 Court, ronol,oneiny on the !Mirth Mcuday iu.A.thrust, ; 1 flr , ,i - m‘riou, Waterfi Porew.,m. lieetat, of I Nlttt L V e' sl l u l t r r ak. Dunit-',ntly, .1 D. Phil r•onnedv. Vonrord— ajor 4 . 0ig1;61, , A •rMuld I 'almond. Corey—Lan< ( . ‘o/' T : .mu " Thompso.l4 we. mon .p • Onion Boro--C. U. Stramt han. Lahr?' 63, .B.Stra11.111:111. Sllllllllllt Jscktaa .:raham. 3legean—trialt Skin rteat. - Creek—John W. Steve s. Con -Miles Dorman. Springfield—Daniel FAY , ' • ey. Guard Tp. (miry Teller, .Jr. "la . rd 1340.—LefTert Hart. Fairview Biro —John inqin, Isaac Webster. Trorewe Jor”rx.—Win. W. Dobbins, T. D. (Thais, M:i•Ts sTILEET , ZIISVP rh. BEM