Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1868-07-31
THE TWO-FACED DEMOCRATIC
lATFORM. t4rr

new greenbacks aud enough Of them be
made to pay the see bonds now due, aud
to keep making greenbacks to pay all as
they come due. They even shake Eastern
Republican papers in our face to prove that
that Ia the proper construction--papers,
too. that they generally deuounce as con-
tanning nothing but lies. Now these
fellows have papers of their own in the
East, and IL their platform is two-faced 1t
is not our fault; but we know 1t was
made so purposely to keep the Western
Pendleton men in the traces, as we'll as
Belmont and the rest Of the rich Demo-
cratic % blosted bond holders. Seymour's
home organ, tue New York World, de-
scribes the platform thssiy, which Is the
same as seymour's speech few days be-
fore his nomination:
Payment Of the principal Of the Eve
twenty bonds In greenbacks will easily be
found in the platform, If searched for.
tions.of the Government do not expressly
state upon their face. or the law under
which they were issued docs not provide
that they shall be paid in coin, they
ought, in right and in justice, to be paid
in the lawful money Of the United States, -
that is to say. in grcenbacks. This is ex-
plieit enough so far a. IL relates to the
medium Of payment; but how does the
platform propose 10 provide the means?
In other words, where are the greenbacks
to come from2 On this also the platform
Is explicit. They are not to be manufac-
tured BY the printing press, but to DO
raised by taxation. By method the
payment oY the public debt can not be
very rapid. The bondholders need have
no fear that their property Is to be swept
away by q new inundalion Of paper money.
Payment Of the public debt in greenbacks
without increasing their present amount,
payment in greenbacks out Of tho proceeds
OF reduced taxation, will leave the greater
portion Of the debt standing for many
years TO Gene.
There 10 TO be no starting Of the green.
back mill, no debasament Of the currency
Of the people, in order to cheat tho bond.
holders, aud, in fact, no immediate pay.
ment Of the bonds. They are to stand
while we reduce taxation and improve the
currency. -...n
But what the declaration Of payability
Ia greenbacks really means Is further ex.
planned and limited, the World says, by
the declaration that there shall DO ono
currency for the Government aud the
people, aud by the further declaration that
the public credit and the currency shall
be improved. And tho World shows that
the currency Of the Government Is gold
II receives no other for customs. II
collects $50 millions a years in gold.
No one thinks Of changing this. The In.
teresi Of all the bonds Is payable in gold.
They do not propose to repudiate this,
The principal Of the l0.40s is specifically
payable in gold. The Democratic party
propose to fulfill that contract. This is
the currency Of the Government. There.
fore the declaration means TO make the
currency Of the people one with that Of
the Government by making II equal to
gold. We quote;
There is another part Of tho platform
which has pertinent bearing on this
subject. IL is the declaration in favor Of
zone currency for the Government and
the people, for the bondholder and the
producer" Now, although nothing Is
expressly said upon that point, we sup
pose the. platform contemplates the pay
ment Of the duties on imports in coin as
This seems TO US n justifa-
Bile, nay, an inevitable inference from
what is said about paying in coin such
Of the Government as stpulatc
for coin upon their face. The interest
upon both the ten-forty aud five.
twenty bonds is payable in coin
by the very terms of the law,
aud alec the principal Of the ten.fortics
IL tho Government keeps this express en-.
IL must by some means raise
tic coin, and no other method is sugges.
ted than by collecting il, as now, at the
custom houses. Now, as the platform
pledges the party to pay specie to the
bondholders TO meetihe interest aud that
part Of their principal which the law re-
quires TO lie paid in coin. il seems evident
that the "onc currency for the Govern
ment and the people, the bondholder and
the Producer must contemplate an early
return to specie Payments. The "onc
must mean either uniform
good currency or uniform bad currency
Ii is uncomfortable in itself aud inconsis-
tent with the platform, that the old hard
money Democratic party should promise
uniform currency of bad money. The
one currency means sound currency; 4
currency equivalent to coin, and at all
times exchangeahle for it. One currency
Of deprecated greenbacks would be incon-
sistent with the payment in coin of tina:
part Of the public obligations which are
acknowledged by the platform to be due
10 coin; Inconsistent with the collection
of the revenue from imports in gold; in
consistent with the idea that we are ever
to return to specie payments.
The World continues its citations of
evidence that the platform means an early
return TO a specie currency;
Another declaration, in still another
section of the platform, eyinces an inten