Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1867-09-05
The Paper Money pemocraov.

]
The Hamilton County Confcder
ate Democratic Convention decline
to adodt the Clay-Dean. Vallandig
ham Enquirer financial policy Of is
suing greenbacks to pay everything
the benifcent policy by which taxes
are to be abolished and everything
is to be paid in printed paper
"lampblaclc and rags y and no
/ Democrat is to be obliged to work
for living any more, for the Gov.
eminent printing presses, when they
get hold Of the machine, will sup.
ply every voter Of the straight tick.
ct with all the money he can spend.
They resolved inconsistently
against n "bonded aristocracv.' >
which is well. Down with all the
aistocracics Of bondage! Let the
bonds Of human slavery be stricken
of. and let the bonds Of debt bt
universally diffnsed, while they re
main; F.; and to that end, down witt
all the destructiyes Of the nationa
integrity and credit. And in &c
doing they resolved inferentiallv in
favor of the only way to abolish
this bonded aristocracy-by paying
the debt. They also resolved in
favor Of equal taxation. which is e
principle all subscribe to, and which
certainly does not mean abolishing
taxes and going it on the issuing o1
paper money, And then they re-
solved vaguely and turgidly "that
we demand the redemption Of the
United States Government bonds in
the same currency by which they
were cOntractedr p
This does not intimate the further
imitation of the currency, and thus
it pointedly repudiates the policy Of
turning all things into n currency
bubble and then explodingit. Taken
at the worst, it means to pay all the
bonds in legal tenders as VIC can
raise revenue for that purpose
Near one half Of the debt is now in
acknowledged currency bonds, or
in currency. We 60 for paying
all that in currency as far as we can
We have opposed turning it into
gold bonds: but every Democratic
member Of Congress voted for it
There are laws now in existence for
funding every dollar Of currency
bonds and notes in gold bonds,
voted for by every Democratic
member because it was the johnson
Democratic policy. This resolu-
ton is a censure upon the palty's
representatives.
Taking this resolution at its worst
Interpretation, it censures the poll
/ cy the Confederate Democracy have
hitherto supported, and it goes for
reputation only to the extent of
paying the thousand or sixteen
hundred millions of gold bonds al
ready created, in currency Of the
present value; making a repudia-
ton of about forty per cent. on
that sum. Whether it is worth
while to incur the national infamy
Of reputation for such a fraction,
would not be a question to any but
! a Democratic mind; and we think
it would not be to that, except in
the state Of minority, in which the
Democratic mind loses it's stake in
the honor or existence oI'the country
But taken according to its words
the resolution is wholly non-com-
initial. 1t demands the redemption
of the bonds ''in the same currency
by which they were contracted. )"
II this were not Democratic res
olution, the natural Interpretation
Of this muddy sentence would be
that the bonds must be paid accord
ing to the contract by which they
were issued. That would be "the
same currency by which they were
contracted" The resolution Com
mittee were either unable to express
their meaning in English, or they
meant to dodge the question. This
is the Democratic instinct, and it is
probable that they thought it unsafe
to take any positive ground,-Ctn.
Gazette.