Fellow-citizens, we cannot escape history. We of this Congress and this administration, will be remembered in spite of ourselves. No personal significance, or insignificance, can spare one or another of us. The fiery trial through which we pass, will light us down, in honor or dishonor, to the latest generation.
We must settle this question now -- whether in a free government the minority have the right to break it up whenever they choose. If we fail, it will go far to prove the incapability of the people to govern themselves.
Let none falter who thinks he is right, and we may succeed. But if, after all, we shall fail, be it so: we still shall have the proud consolation of saying to our consciences, and to the departed shade of our country's freedom, that the cause approved of our judgment and adored of our hearts, in disaster, in chains, in torture, in death, we never faltered in defending.
By the 'mud-sill' theory it is assumed that labor and education are incompatible; and any practical combination of them impossible. According to that theory, a blind horse upon a tread-mill, is a perfect illustration of what a laborer should be -- all the better for being blind, that he could not tread out of place, or kick understandingly. According to that theory, the education of laborers, is not only useless, but pernicious, and dangerous. In fact, it is, in some sort, deemed a misfortune that laborers should have heads at all.
If at any time all labour should cease, and all existing provisions be equally divided among the people, at the end of a single year there could scarcely be one human being left alive--all would have perished by want of subsistence.
As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from - so must it be with a government.
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.