Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-09-01
sepadiatfug the Grcenback Cui
renCY.

j
rency.
As one of the fruits of the war, originate
ing, as we think, in mistaken policy by
le Cabinet of Mr.. LINCOLN and its friends
Congress, the whole business oft coun-
Is now transacted in paper promises.
he issues of the Treasury Department
:: lown as greenbacks, are the only legal ten |
r for debts, and gold and silver, as cul-
,ncy are banished from the land, and are
sed only as things of barter.
These greenback notes are promises of
the Government of the United States TO
,ay the amount on each note-the faith of
, he Uni ed States being pledged for their
redemption. They pass as money from
man to man-for them the farmer sells his
wheat, corn and pork-tor them the mer.
chant sells his goods. the laboring man the
labor of his hands. The evil of the crea-
tion of this kind of money is upon us, and
for years and years to come, we see no
means of Kidding ourselves of it. Until
the great debt of the nation is paid, and
our people relieved from the great taxation
which crushes their energies in paying the
interest, greenbacks will continue to be the
currency of the country. When the great
,lebtis paid-paid as it becomes due, in the
currency in which it was contracted, then
4he legal tender notes afloat can be retired
t,y their redemption, and hard money
Eas under Democratic rule, can be made to
axe the place of paper for the common
business transactions of life.
just now, the men urging the election
f GRANT and CoLFAx, and who urge the
,ayment of the Government bonds in gold,
hus adding ever thirty per cent. to their
yalue, are engaged iu depreciating or rem
Ieriug less valuable the currency of the
-ountry, now in the hands of the people,
md with it, by charging that it will never
be redeemed, and that it is, of itself, worth
, less, are by their efforts adding more large
ly to the great gain of the bondholder,i If
he gets his pay in gold, and inflicting
fatal stab to the credit of the country.
The same solemn pledge for the green
back issue was made by the United States
Government, that was made to redeem the
bonds, which these men are now so clamor-
GUS for paying in gold. The bonds are in
the hands of the few-the greenbacks in the
hands of every man who has dollar in his
pocket, yet the men of whom we speaf,
seem anxious to depreciate the money in
all poor mems pockets, if not to render en-
tireiy worthless the pay for their labor, ths t
they may add to the enormous gains of the
bondhol6er.
The credit of nation, like that of an in
diyidual, can be materially injured by hav-
ing doubts thrown upon it. He who has
greenback promise OF the United States to
pay certain amount, if he believes it
will never be redeemed, must of necessity
view the Government that thus promises,
and pledges its good faith to the perform
ance, without intention to redeem, as
fraud and cheat, and he ceases to respect
it. And thus, he, who without good cause.
and in face of evidence to the contrary, de-
preciates the currency of the country, by
casting doubts on its redemption, is no
friend of the Republic, but on the contrary,
is its enemy.
The Columbus Journal Is in the forefront
of those who thus attempt to iniure the
credit of the Republic, and to depreciate the
currency now in the hands of the people
and in which the entire business of the
country is transacted. Speaking of the
Greenback issue, that paper says If tregards
it as objectionable because 1t is an ire
deemable, inconvertable, credit currency"
as but ''debased, rotten, worthless paper
money" and other epithets equally choice,
it levels at the promises to pay of the Gov
ernment of the United States. These epi-
thets and others equally harsh, that sheet
levels at the Greenback promises, issued by
it's own party friends, its own party being
in power, and able, if power continues
with them, to make Greenbacks the useless
slips of paper that sheet now claims that
they are.
To repudiate just debt at any time is
dishonest in the extreme. The Govern
meut that does it is ruled by knaves. The
Democratic party, ever the foe of repudia-
ton of Just debt, are in the field to pay
off the National debt according to the let
ter and spirit of the contract, as the bonds
become due. Because of this resolve, and
because they will not vote to increase the
burdens of the people by adding hundreds
of millions of dollars to them, by paying
the debt in gold, thus adding one-third
more to the riches of the untaxed bond
holders, at the expense of the taxed peo-
pie, the Journal and its kindred sheets
charge that the Democracy is the party
of reputation. This, too, while
that sheet is studiously endeavor-
ing to bring doubt upon the currency of
the Government and aiding, to the ut
most extent of its weak power, in the
effort to repudiate the greenback debt,
W lich if successful, would at once, and
with one fell swoop, deprive the people of
all their money and bring distress, bank
ruptcy and utter ruin throughout the
length and breadth of the land-stripping
every man, women and child, from Maine
to Texas, who owns single dollar, of this
entire moneyed wealth, by making it
worthless and as blank paper.
Food for the CnriOus-A Political
.t Omen.
A gentleman in one of the Departments,
says the National Intelligencer, has made
very curious discovery, which we publish
below. He numbers each letter of the al
phabet and then adds the numbers cores
ponding to the letters composing the two
tickets-SEYMoUR and BLAIR, and GRANT
and CoLFAx. The result shows one hun
dred and seventy-seven for SEYMOUR and
BLAIR, and one hundred and forty for
GRANT and CoLFAx, the total being three
hundred and seventeen, which is the num-
ber of votes in the Electoral College,
Tnus:
A............ S.............19 G..-.........
B.......--.. E...-.-...-.. R...-........1s
C-.-......-. Y..-.......-..25 A...-........ ]
D. -....4 M......--.----13 -13 N...--..-.-..A
E.-.......... O..........-..15 10 T.......-....2O
F.---......-. 6 U.-.-.---..--.2I
G-.-.---..-. : h-..-.--.--.-lo A--.---.-
H. N............l IL