The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-08-12

= Is believs - - NO : ~ -
! slsissss nesvs - sr5in6 = seas :
readers thas = does. BE sasts - aa
s.d decisive tksn, I'D = - 4 -
HE psrposs i y naks ~ 49, !.
less, o bankrups ~ satiosAl hsaaatyy -
: mah. Il inpossibls 70 pay ths 1e1aoeal
debt, q hs i isss1stsbly ignorant - -
e 70 IS considered naa Of 80 euelna9
school ~ intsiiigsscs. Eosk - -
aeain Ths raise u he srsssbasks 60
sists il he ability Of ~ 0ovsrsaest e r.
desu them. Thas Ahilisy eosds0 = -
eold. That sold itasss ffsn Sssiss O In
ports. Clasest proposes 70 cut % thai ssp.
ply; 10 proposes thas thoss duties shall b
Maid in sresnbscks. That leaves the Gov.
srpsnent without any gold q al, and then
when il Il utterly Impossible to redeem the
sresDbacks, Classts rays thsy will b ners
valuable than novi
Does any one think ClaSstt i idiot enough
to believe that1 And II 10 doesn't bslisvs
il, isn't be dsmagogps, utterly unworthy Of
public trust OF confidence, whom hs tries =
: iournalist and political leader, to decisive
and nislsad the people By such foolish and
dangerous hilscsusf
Clagsts knows that when, in the latter part
Of the var, the rebel ympsthasrs, and the
spectators ran gold up 70 such high price,
that it threatened to bring on Panic and
run down The grssabscks to the WORTHLESS
ness Of the rebel shiDplasters more than
once, our Secretary Of the Treasury, put
upon the market the eold which The Govern
ment had in ito vaults, collected from the
duties on imports, and thereby kept down the
price Of gold and kept up the prics Of green-
backs. Probably Il i the remembrance Of
this that chafss Clasett now. Had the Gov
eminent, - he proposes, collected those i'm
port duties in greenbacks, is would have
had no gold to put into the market, the rsbsl
.sympathizsrs and spectators would have had
il I'll their own way; orr cusrsnsy would have
become valuelsss, our treasury bankruptsd,
and the rebels would have won. As Clagett
Vas strenuous pesce advocate shout that
time, probably hs hasn't forgiven tho gold
collected from imports for its help then %
subjuaating tbs rebels, and hs wants 70 cut
Of that source Of supply from the Govern
mont for the future. That would bankrupt
the treasury nov - il would then. Then it
would have made the rebellion asuccess;
now it can only make the Government nm
able TO pay ito var debt AZ the rsbsl var
debt u not to be paid, this rspudiation Of the
Union war debt, 10 the Olive Branch which
Clsgett and the Northern Democracy nov Of
fer 10 their rebel Southern brethren.
Az to the point which hs tries 70 naks
against ~ in the article made up Of this liz
sue Of ssphisms-that il easily disposed Of
We re-af6rm that the ereenback swindls pro-
posed BY the Democracy, dsprsciasss the
greenbacks and causes rise in gold. Thas
policy unssttles public confidence, cripplss
the ability Of the Governnent 70 redeem il
gold its promises to pay. and even 10 it, bsas
and most defensible shape, postponss the
probability Of the Governments rsdssmine
the gresnbacks in gold. Because il doss
that the Democratic greenbsck policy has
caused an advance in gold it depreciatss the
currency, and no quibblins of Democratic
politicians can get round the fact.