Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-07-20
Thaddeus Steveus' View OF the
Greenback Ouesf1ou. IA

&reenback Queslfou.A Nk&.
The question as to how the $40 Bonds
shall be paid-whetber in coin or In green
backs-is causing agitation and diversity
of opinion In the Republican ranks. The
Republican press appears unit in their in
sistance that the Republican party, through
the Chicago Platform, is committed to the
payment of these bonds in coin.
On Wednesday last, we gave the pith OF
the speech of Senator MORTON, delivered
in the United States Senate on the 18th, in
which he contended that BY the express
provisions of all the statutes on the SUBJ
ject, five-twenties were payable in legal
tenders; and insisted that it was delusion
to hold any other idea up to the country,
aud protested against the Republican party
being committed to any such dogma as
their payment in coin.
This speech has created considerable stir
in Republican circles. BY the Republican
press issue has been taken with him. He
is a man of too much ability and of toe
conspicuous standing in the Republican
party to be cried down easily, especially as
nc ""o III NnAA'DNoo oA's' n1No @ AAOSo SAoiS
backer. On the 18th, in the House of Rep
resentatives, the Funding bill being under
consideration, Mr.. STEVENS, referring to
the manner of the payment of the $40
po,ds so;d.
aWbat was that lawp That the ;nteres,
should be paid up to certain time at six
per cent In coin, and after the bonds fell
due would be payable in money ?, just. as
lust as he TMr. Stevens understood it ius;
rs was well understood when the law was
enacted; just as it was explained on the
loU, auoaen llIvs Wy oy sno JI, an VI 'he
knew that anv party in the countrv would
90 for paying in coin that which was pay
able in money, thus enhancing the debt
,iatfnr,n an,I snch datarn;nat;on ON ,be
part of his own party, he would go with
Frank Blair, and vote for the other party
ne woula vote ior no sucn sWlnole on Ine
vote Tor such speculation in behalf of large
bondholders and millionaires. He repeated,
1no9sh IL was naId 70 say IT, even II Franz
cord;nS % TO the a contpact cn p and If the Rennb.
'lican Candidate stood on the platform OF
paying bloated spectators twice the
amount agreed TO oe pald them ana OF TAX
for FranI Rla;r even , If . worse man than
Seymour was on the ticket. Much excite.
ment and sensation.p ..
If this does not make a rattling among
the dry bones of Republican Bondholders
we are greatly mistaken. Mr.. STEVENS has
been lifelong bitter partisan-professed.
Iybelieying that nothing good was to be
found in or could come out of the Demo.
he would deprecate the success of this party
on general principles, but knowing that il
is committed so thoroughly against the
idea that either law or Justice calls for the
payment of the $40 Bonds in coin that
there is not the least likelihood that il will
prove false to the people touching it, and
knowing that the payment OF these Bonds
in coin Is calculated tc greatly interfere
with the prosperity of the people. he would
prefer its success on this account tn tbt
success of the 4Republican Marty. If tha,
marty were to stpnidIv apd criminallv do.
mand that tho neonle are nnaor obliaot;on,
tn nav, these Ronds coin To mt tb;,
matter in t.,e STRONGEST nossible l;oht h,
saws that if bis n.rt1 yrero 70 3, oonan,;, r.
GOLF ho would 1oto tor Conouo, r., d
R,,,n t. o,,a,, ;e -, o,s,o;,to a.,
t;cket ,vora uorsa No. 49, uonmro
c,,,, n ,.,-Ie -
tha. Conor,l d, :. 49, .s..1..:o.,
ist who had be tba norar o,Id omor
turn the Negro Goverpmont IN tho so,,th
which have bo.n ostohl;shod h,, tho pod
icals with co mucb cost ond wb;ohl bo ,o =,
he maintained at the expenSo of our moo,
n,e tbrougb a largo stand;ng orov ond al.
low White mon to control ond 5;,o,t NO.
litical affairs there. In Mr.. STEVENS, onin.
ion. this would he nprelv and diabolicaIlx
outrageous for he holds that the Negroes
wtre created only a little lower than the
angels, and that to deny them equal par
ticipation with the Whites in the Govern.
ment is wrong that is indefensible. New.
ertheless, rather than support his party i
committed to the payment of the 5-20's in
coin he would run the risk of having the
Negro Govern ments in the South totally
aorogated. He takes this method OF show
ing his intense adherence of the rank in
justice of paying the 5-2O's in coin, insteat
OF In the lawful money OF the United
States, as he claims was the Intention wher
the law authorizing their issue was en-
acted. -
There Is more in this speech of MIR. STE
VEINS than at first meets the eye. What
ever may be the shortcomings OF MIR. STE
VEINS, it is not chargeable to his accoun
that one OF his shortcomings is not to know
what is going ON in his own party, or no
to know to what manner OF doctrine it i
committed. He knows that in the matte
of the redemption of the $40 Bonds ant
the taxation of Government securities hi
defansib,v AGAINST tho neonIo-tb.t h, ~;
com mitta, thew are doomed to l;fe.lon,
drndoerv. nrivation and needless to;l-in