Indiana American., 1867-10-11
Hon. Sam. Cox on ereenbaok..

The Confederate Democracy had large
meeting at Columbus, Ohio, on Monday
whereat Vallandigham, Dan. Voorhees, Of
this State. and Sam. Cox, formerly NJ. G..
for the Columbus district, but now resi-
dent Of New York city. were the principal
speakers. Val. and Voorhees, advocated
the condscation of the public debt, as their
admirers are doing in this city. but the
harmony of the occasion was sadly disturb
ed by Mr.. Cox, who took direct ground
against the issue of another dollar of
greenbacks. He said:
81 would never, for any conceivable
purpose, vote to increase the issue Of
grccnbacks. If you want to pay off any
debts with them-proper thus to be paid
use what you have; and come down to the
constitutional Democratic currency of ma
ture and of God-gold and silver
After having explained how the issue Of
such flood Of currency as is recommended
by the Vallandighammers. would enhance
the cost Of everything the labpring man
has to buy, Mr.. Cox proces I'D to show
how the rich might be beneftld and how
the laboring masses would inevitably suf-
itI IL tuiS cChtUC cuOuiQ Ut CuIIiCu Oui.
We invite the earnest attention of honest
workingmcn who do not desire to be hum
bugged into voting against their own in
terests, to the argument of this Democrat
against the most destructive financial
measure ever suggested to the American
people. From this portion of Mr.. Cox's
remarks we quote the following:
"And now want TO give you another
truth Of this basic character as profound
truth. 1t is this: That changes in the
prices Of merchandise, land and labor,
whether effected by means of taxation, or
by means of the currency, do not occur at
the same moment Of time to these three
classes Of things. For example, double
the currency to-day, and in months
time you will find the price Of merchan.
disc doubled; but il will be six months
time before the price Of land doubles. and
il will be q years time before the price Of
labor doubles. Eventually. all these things
would become alike doubled in price, but
they will not double in price at the same
time. Now, the effect Of this Is, that while
in a months time the merchants stock of
goods will have doubled in price, he will.
for the currency for which he sells his
goods, be still Obtaining your labor at the
old rate; and while by the end Of six
months the price Of land viii have doub-
led, and consequently the price of house
rents, the landlord for the double amount
OF currency for which he will now be able
to let his house, will be still buying the
labor Of the hard toiling, deluded working
man, (if be wants him to build more hous.
es, or 10 clear more land,) at tho old rate
Of wages current before the doubling Of
the currency.
"What is the fate Of the working man,
looking at il from his point Of view? Why,
that for year after the doubling change
in the currency, while he continues to OBJ
tain for his labor no more than he did be-
fore the change, he must pay (aiter the
first month) double for all that be eats,
drinks and wears; and, after the six
months, double the rent for every room
he occupies"
The secret Of Mr.. Cox's defiance of VAL
landigham's project, in the Capital Of
Ohio, and before an assemblage that had
been convened for the especial glorifca-
ton of that detestable traitor, may be
found in the fact that nearly all the Dem
ocrats Of New York who are able to do so,
hold more or less Government bonds, and
the commercial interests of that city arc
vitally interested in preventing the fnan-
cial crash that would inevitably follow the
conversion of the public debt into an in.
fated and irredeemable currency.
The poor gudgeons who may be duped
into supporting the "sugar-coated" repu-
diation scheme devised by the home trai
tors of 1864, will find that they have de-
based themselves for nought; for if the
Democracy Of the West could win elec
tions on this dishonest proposition, the
Democrats Of Pennsylvania, New York
and the East would not consent that it
should be carried into effect.
i 1t is a mere electioneering gull trap,
sprung by pack Of political mounte-
banks, whose treachery to the country has
made them odious to all honest men. In
this they are representing the spirit of the
rebellion. They gave that all the all pos