Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-02-21

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! The New York Evsning Post, Republican, o.
.bell7.h Inst, in anticipation 'ha. the Demand
Treasury Note Bill, With the legal tender CLAUSE
in it, would pass both Houses o. Congress- CON
tsius an editorial appeal, 10 the form q =.
rec, address, to President LIscoLN' 20 exercls'
his constitutional right to ve'o the bull ipp'
Post speaka % the President as "oons''u'0n'
\ aiIavyer.,' and Says:
You are an eminent CONSTITUTIONS 'awysI
You know we'll that the trainers OF ING ovn.s, ~,
amiasion Of biils of credit, intended as curreu-
| oy. bv the government of the United S's'es'
ana t6a. their object in this was TO prevent tneir
being made a legal tender. The constitution
has been violated In Its letter by issuing ireas-
ury notes payable on demand You are now
asked 10 violate its spirit by cooperating 70
i. make those notes q legal tender, One OF tne
members OF that body which is assigned toyou
AZ your council has said thats having eommitteo
breach Of the constitution BY issuing 'ne
notes, be saw nothing TO prevent US from max,
Ing them leg al tender, and be therefore voted
far the bill. IL is as If he had said'
have broken into the bouse, and now there 10 20
harm In committing the theit aud carrying on
the goods" You like practical illussrauons
| am sure the one have given you 'ooes no'
express what you desire should be the moraiiIy
! ct your administration. "Hou are sworn 70
preserve, protect and defend the constltution.'
Can you sign such a bill as this at the momeu'
that Providence, BY the late Victories taxes
away all pre.ext or excuse for SO doing
e The Post also addresses the President as an
"hopess mar" and continues:
II YOU sign this bill you give the force Of
Law TO measure which deducts large pro
portion from the pittance allowedto the soldier
Who. AT your call, leaves his family, puts his
| life in peril, and pours out his blood for the
cause OF his country. Shall we defraud these
men Of their hard-earned wages3 The taint oi
depreciation 10 already creeping over the paper
currency OF the country. A little while since,
YOUR Treasury notes we're at q, discount OF Two
and half per cent nt-they declined In value
from day to-day. till now the discount is nearly
Ave per cent. Mr. Spauldi"g Of the House, a
champion of the legal tender clause. CONTENDS
that il the soldier 10 TO be cheated In thle man
ner, the bondhoders shall be cheated also. ls
it not better so to irsme the law that nobody
shall be cheatedl 80.
made legal tender, will supplant aud drive out
OIL clECulhuOu tuo uutco Va sho AeHA9' ~
bankers know better. The notes will have the
same effect here that the inconvertible Treas
ury notes OF tho rebel States have there; they
will be heaped in the banks, and becomc the
basis of vast iredeemAble paper circulation,
the value of Which will diminish every day. The
banks OF Pennsylvania are already, in antlcipa-
tiou Of this, asking their Legislature Tor leave
TO increase their circulation. There is not a
bALk 10 the country that does not expect to be-
siu to Tut cut larger issues Of its notes the mo-
ment you sign the bill. The fret effect of this
bloE at the ~aDctity of all contracts throughout
our country from the Hndson 70 San Francisco,
the fret result Of this new food Of currency,
will be the entire Disappearance Of coin, high
prices, iacltious activity in business aud inVr-
dinate speculation, and the 6nal result will be
commercial embarrassment and ruin. This lie
the history of paper money the world over, and
the annals Of foance show no exception to the
rule.
The appeal conclud,s with the following par
sgrapb:
The only course then is, If the bill comes to
your hands with the legal tender clause retain
ed, 10 return is TO the Two Houses OF Congress
with your objection 8, in the full confidence tha,
you will receive the thanks Of your country for
Jour sagacity, your frmness ard Jour sense oi
Justice, and that history will chronicle this as
one OF the nobest acts of your administration,
and beacon light Of priceless value Tor the
future.