The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1867-09-13
The Democratic Platform .
Bonds and Greenbacks.

Sic ouiy euueU WIFI utaIu.--LeipS!C
Correspondent of the Boston Gazette.
The Democratic Platform -
Bonds and Greenbacks.
A correspondea. of the Cincinnati
Gazette tersely but logically exam
ines the proposition of the Democra-
cy to repudiate the pledged faith of
the Government by paying green
backs instead of gold on its bonds.
The writer uses strong language, but
no stronger than this insane and
wicked attempt at reputation will
justify. He says:
The last attempt Of the rebel De-
mocracy to recover control of the
Government is but the madness OF
desperation. Thoughtlessly they now
rush from secession and rebellion
crushed TO repudiation-hoping to
again secure ascendercy in the Gov
Iernment. The proposition which is
now so eagerly engrafted by true reb-
els into their platforms, to repudiate
the pledged faith of the Government
by paying greenbacks instead of gold
on the bonds, is worse than the orig
inal attempt of Southern traitors To
destroy the Union by force of arms.
For an armed rebel taking the chan
ces of war We have always had a sort
of respect, but for cOwardly traitors
who smite the Government which
still protects them we have only ha-
tired and contempt.
This is strong language, but a con-
sIderation of the last rebel pro-
gramme will justify it.
What would be the result Of the
success of this infamous proposition?
First--A plundering of millions
from the pockets of the bondholders
of secret private property.
Second-SO sudden and rapid an
increase of the cost of living as to
destroy all the industrial pursuits of
the country.
Third-National disgrace.
Fourth "A bankrupt national
Treasury.
Fifth--A destroyed national credit.
Sixth-A foreign war, forced upon
US by the combined powers of Europe
to compel US to fulfill our contracts
TO their subjects.
England, France, Germany, will
and ought to protect their subjects
against the plundering dishonesty Of
any such attempt at repudiation.--
Thank God such an infamy has never
been proposed or advocated by any
truly loyal citizens of our country.
1t comes properly and sounds stran-
gely well from Vallandigham and
Democratic(!) platforms.
Suppose that so great calamity
could befall our country as that the
so-called Democracy should secure
the control, and this national repudi-
alton were attempted--will some Of
these men tell US in what way the
country would be benefited or how
the people would be relieved from
the heavy burdens of which the De-
mOcracy now complain?
Possibly a better plan could have
been devised to meet the exigencies
of the rebellion. Be that as it may,
it is now too late to discuss new
plans. The debt is upon us, and it
must be paid precisely as we agreed
to pay it. Certainly they who forced
the debt upon the people are not the
ones now to take the management of
it.
Even il We grant the domestic hol-
der of Government bonds could be
defrauded by the strong tyranny CT
a Democratic majority, would the
foreign bondholder quietly submit?
And should England, France, or
derIiiany, or Tie Lilree comDined, de-
mand, with menace of war, the full
of our obligations, would we.
without money and without credit,
be able to successfully wage a war
to secure national dishonor by en-
forcing reputation?
Can armies and navies be called in
to existence and maintained by mag
icf What sinews will bankrupt or
creditless treasury furnish? How,
under such circumstances, could our
public debt be lessened? Does war
diminish debit
Poor Democracy! how we pity the
thing, the carcass of, the shadow of,
the ghost of its former self, which
even in its living days had nothing
in it to be admired. Its dying ago
MES frightened from it all honest
friends; its dying utterances, by all
its foul mouthpieces, from Buchanan
to Vallandigham, may be treasured
up by the miserable remnant in the
words: State rights, no coercion,
secession, rebellion, treason and re-
pudiation.
RepudiatiOn-the last dying, feeble
gasp--Gone!