I believe that this is a Government, first, not only of power, but that it is the right of this Government to march all the soldiers in the United States into any sovereign State of this Union to defend the rights of every American citizen in that State. If it is the duty of the Government to defend you in time of war, when you were compelled to go into the army, how much more is it the duty of the Government to defend in time of peace the man who, in time of war, voluntarily and gladly rushed to the rescue and defence of his country; and yet the Democratic doctrine is that you are to answer the call of the Nation, but the Nation will be deaf to your cry, unless the Governor of your State makes request of your Government. Suppose the Governors and every man trample upon your rights, is the Nation then to let you be trampled upon? Will the Nation hear only the cry of the oppressor, or will it heed the cry of the oppressed? I believe we should have a Government that can hear the faintest wail, the faintest cry for justice from the lips of the humblest citizen beneath the flag. But the Democratic doctrine is that this Government can protect its citizens only when they are away from home. This may account for so many Democrats going to Canada during the war. I believe that the Government must protect you, not only abroad but must protect you at home; and that is the greatest question before the American people to-day.

I had thought that human impudence had reached its limit ages and ages ago. I had believed that some time in the history of the world impudence had reached its height, and so believed until I read the congratulatory address of Abram S. Hewitt, Chairman of the National Executive Democratic Committee, wherein he congratulates the negroes of the South on what he calls a Democratic victory in the State of Indiana. If human impudence can go beyond this, all I have to say is, it never has. What does he say to the Southern people, to the colored people? He says to them in substance: "The reason the white people trample upon you is because the white people are weak. Give the white people more strength, put the white people in authority, and, although they murder you now when they are weak, when they are strong they will let you alone. Yes; the only trouble with our Southern white brethren is that they are in the minority, and they kill you now, and the only way to save your lives is to put your enemy in the majority." That is the doctrine of Abram S. Hewitt, and he congratulates the colored people of the South upon the Democratic victory in Indiana. There is going to be a great crop of hawks next season—let us congratulate the doves. That is it. The burglars have whipped the police—let us congratulate the bank. That is it. The wolves have killed off almost all the shepherds—let us congratulate the sheep.

In my judgment, the black people have suffered enough. They have been slaves for two hundred years, and more than all, they have been compelled to keep the company of the men that owned them. Think of that! Think of being compelled to keep the society of the man who is stealing from you! Think of being compelled to live with the man that sold your wife! Think of being compelled to live with the man that stole your child from the cradle before your very eyes! Think of being compelled to live with the thief of your life, and spend your days with the white robber, and be under his control! The black people have suffered enough. For two hundred years they were owned and bought and sold and branded like cattle. For two hundred years every human tie was rent and torn asunder by the bloody, brutal hands of avarice and might. They have suffered enough. During the war the black people were our friends not only, but whenever they were entrusted with the family, with the wives and children of their masters, they were true to them. They stayed at home and protected the wife and child of the master while he went into the field and fought for the right to sell the wife and the right to whip and steal the child of the very black man that was protecting him. The black people, I say, have suffered enough, and for that reason I am in favor of the Government protecting them in every Southern State, if it takes another war to do it. We can never compromise with the South at the expense of our friends. We never can be friends with the men that starved and shot our brothers. We can never be friends with the men that waged the most cruel war in the world; not for liberty, but for the right to deprive other men of their liberty. We never can be their friends until they are the friends of our friends, until they treat the black man justly; until they treat the white Union man respectfully; until Republicanism ceases to be a crime; until to vote the Republican ticket ceases to make you a political and social outcast. We want no friendship with the enemies of our country. The next question is, who shall have possession of this country—the men that saved it,—or the men that sought to destroy it? The Southern people lit the fires of civil war. They who set the conflagration must be satisfied with the ashes left. The men that saved this country must rule it. The men that saved the flag must carry it. This Government is not far from destruction when it crowns with its highest honor in time of peace, the man that was false to it in time of war. This Nation is not far from the precipice of annihilation and destruction when it gives its highest honor to a man false, false to the country when everything we held dear trembled in the balance of war, when everything was left to the arbitrament of the sword.

The next question prominently before the people—though I think the great question is, whether citizens shall be protected at home—the next question I say, is the financial question. With that there is no trouble. We had to borrow money, and we have to pay it. That is all there is of that, and we are going to pay it just as soon as we make the money to pay it with, and we are going to make the money out of prosperity.

We have to dig it out of the earth. You cannot make a dollar by law. You cannot redeem a cent by statute. You cannot pay one solitary farthing by all the resolutions, by all the speeches ever made beneath the sun.

If the greenback doctrine is right, that evidence of national indebtedness is wealth, if that is their idea, why not go another step and make every individual note a legal tender? Why not pass a law that every man shall take every other man's note? Then I swear we would have money in plenty. No, my friends, a promise to pay a dollar is not a dollar, no matter if that promise is made by the greatest and most powerful nation on the globe. A promise is not a performance. An agreement is not an accomplishment and there never will come a time when a promise to pay a dollar is as good as the dollar, unless everybody knows that you have the dollar and will pay it whenever they ask for it. We want no more inflation. We want simply to pay our debts as fast as the prosperity of the country allows it and no faster. Every speculator that was caught with property on his hands upon which he owed more than the property was worth, wanted the game to go on a little longer. Whoever heard of a man playing poker that wanted to quit when he was a loser? He wants to have a fresh deal. He wants another hand, and he don't want any man that is ahead to jump the game. It is so with the speculators in this country. They bought land, they bought houses, they bought goods, and when the crisis and crash came, they were caught with the property on their hands, and they want another inflation, they want another tide to rise that will again sweep this driftwood into the middle of the great financial stream. That is all. Every lot in this city that was worth five thousand and that is now worth two thousand—do you know what is the matter with that lot? It has been redeeming. It has been resuming. That is what is the matter with that lot. Every man that owned property that has now fallen fifty per cent., that property has been resuming; and if you could have another inflation to-morrow, the day that the bubble burst would find thousands of speculators who paid as much for property as property was worth, and they would ask for another tide of affairs in men. They would ask for another inflation. What for? To let them out and put somebody else in.

We want no more inflation. We want the simple honest payment of the debt, and to pay out of the prosperity of this country. But, says the greenback man, "We never had as good times as when we had plenty of greenbacks."

Suppose a farmer would buy a farm for ten thousand dollars and give his note. He would buy carriages, horses, wagons and agricultural implements, and give his note. He would send Mary, Jane and Lucy to school. He would buy them pianos, and send them to college, and would give his note, and the next year he would again give his note for the interest, and the next year again his note, and finally they would come to him and say, "We must settle up; we have taken your notes as long as we can; we want money." "Why," he would say to the gentleman, "I never had as good a time in my life as while I have been giving those notes. I never had a farm until the man gave it to me for my note. My children have been clothed as well as anybody's. We have had carriages; we have had fine horses; and our house has been filled with music, and laughter, and dancing; and why not keep on taking those notes?" So it is with the greenback man; he says, "When we were running in debt we had a jolly time—let us keep it up." But, my friends, there must come a time when inflation would reach that point when all the Goverment notes in the world would not buy a pin; when all the Government notes in the world would not be worth as much as the last year's Democratic platform. I have no fear that these debts will not be paid. I have no fear that every solitary greenback dollar will not be redeemed; but, my friends, we shall have some trouble doing it. Why? Because the debt is a great deal larger than it should have been. In the first place, there should have been po debt. If it had not been for the Southern Democracy there would have been no war. If it had not been for the Northern Democracy the war would not have lasted one year.

There was a man tried in court for having murdered his father and mother. He was found guilty, and the judge asked him, "What have you to say that sentence of death shall not be pronounced on you?" "Nothing in the world Judge," said he, "only I hope your Honor will take pity on me and remember that I am a poor orphan."

I have no doubt that this debt will be paid. We have the honor to pay it, and we do not pay it on account of the avarice or greed of the bondholder. An honest man does not pay money to a creditor simply because the creditor wants it. The honest man pays at the command of his honor and not at the demand of the creditor.