Judge Thurman has discussed the subject of a standing army. He has spoken of the great expense of keeping up a standing army, and, as I think, has greatly exaggerated the sum requisite--naming two hundred and fifty millions as the annual expense of it. I suppose that is three or four, or perhaps five times as great as the actual amount: but I do not stop to argue that matter with him. I say to him, in regard to it, that Democrats voted for it in both houses, and it became a law by the signature of the president whom he supports. It is not, therefore, a party issue.

I can not, in any reasonable length of time, even name the various topics that have been discussed in this way. Perhaps none has attracted more attention than the subject of finances, and the main issue presented by our Democratic friends on that subject has been this--namely, that it is for the interest of the people to pay off the whole of the present bonded debt by an issue of greenbacks. At the beginning of the canvass, the Cincinnati _Enquirer_, and, I think, the leading peace party paper at Columbus, and Mr. Vallandigham, presented this as the leading question before the people. The _Enquirer_ told us that Democratic conventions in forty counties had resolved in favor of it; and certainly if any one of the topics which have been presented in this way may be regarded as a party topic, that is one. If they have succeeded in making a new issue, that is one. On the 20th of last month, I spoke at Batavia, and I referred to that subject. I said that Judge Thurman was plainly committed against the issue of more greenbacks; that when we were in the midst of the war, and the necessities of the country were such that it was necessary to get money by every means in our power, he had told the people there was no constitutional authority to issue greenbacks. I said further, that in his speech at Waverly he had spoken of this currency as a currency of rags; and that, therefore, I was authorized to say he was opposed to this new scheme of the Cincinnati _Enquirer_. That speech of mine was reported in the Cincinnati _Commercial_ of the next morning. On the following day, the 22d of August, the _Enquirer_ noticed my speech. I will read you the whole of the _Enquirer's_ article on that subject. I do this because I think, in this county as well as elsewhere, Democrats are claiming the votes of Union men on the ground that it is wise to pay off the bonded debt by an issue of greenbacks, and I wish to show that Judge Thurman is opposed to the scheme. Therefore, it is no party issue, because no party State convention has resolved in favor of it, and the peace party candidate for governor is against it. The _Enquirer_ says, under the caption of "Judge Thurman and the bondholders:"

The Life, Public Services and Select Speeches of Rutherford B. Hayes — Part 139