The Conservative. (M'connelsville, Ohio) 1866-1871, 1868-05-07
A Republican Paper out for
GreenhnCks.

Ofcourso it will not admit that 1t adj
voeates substantially the views of Hon.
GEORGE II. PENDLEToN on this subject,
but nevertheless it does do 80. His
views it decries rs disguised Repudia-
ton. In it's issue of last week 1t dc.
voted this editorial to the subject
The NetU York Tribune tries to con-
vey the impression that Thaddeus
Stevens has been IN favor of paying
the Government indebtedness exclu.
sivoly in gold. Mr.. Stevens told the
writer hereof, o few weeks after tho
passage of the act authorizing the is
sue OF Government bonds, that they
we're purposely made payable in ldT-
Jl currency. The design of tho Ways
and Means committee was to make
gold and greenbacks equal IN value,
or as nearly so as possible, and, IN
order that the credit of the Govern
mont might not suffer, If there docs
not happen to be two or three billions
of gold in the treasury when the bonds
fall due, a part can be paid IN green
backs, which are as good ns gold, or,
If necessary, those that wish IL, %
have new bonds issued on the same
conditions, when the old ones fall due.
He added: "Jay Cooke & Co. arc
doing a very rcp%rehensiblo act III adj
vertislng that the bonds arc TO be
paid IN gold. The people will sustain
the Government, without any such
false promises being held out TO them"
We give the substance of his CONVEX
sation, not pretending to give the
exact words. Can anything be more
plain, practicable and honest2 Why
not lot well enough alone, and proceed
according to law Certainly no one
but a Wall street broker, or his dupes,
would ask 50 have them paid IN Il bet
ter currency than tho terms OF the
note call for. And no one but John
son aud his followers would compel
them to surrender them up for q bond
drawing q lower rate of interest, and
endaugor the credit of the Govern
ment by providing that a gold debt Of
over two billions should fall due at q
time when there will not be ono.fourth
that amount in the whole country
We can understand why a repudiator
should advocate this, as it is another
road to Pcndleton's copperhead plan
Of rcpudiation. OF course Wall street
and tho Democratic nabobs would have
their bonds all sold, before the crash
came, ut gold prices TO poorer people.
The views Of Mr.. Stevens have been
adopted by the Union State Conven-
| tionp ngnhiO and Ind;.no opd nnu,
form a part Of our platform. General
Beatty went before the people of the
9Th District on this issue, and it was
Endorsed by o large majority. The
people know the grcenback currency
is the best wo ever had, and have no
idea Of destroying it and placing thcm-
selves at tho mercy of the Issuers of
private shinplasters and wildcat bank
ers. The immediate return to specie
payments means this and nothing
more, for there has boon one.fourth
enough gold in general circulation to
meet the business wants Of the coun-
try. And they intend TO keep this
currency valuable, hence their oppo-
sitIon to the Pendleton Democratic
plan Of issuing twenty-five hundred
million dollars more in grcenbacks
and compelling b~ond-holders TO take
them contrary to tho terms Of their
contract, swindling tho national cred
itors, and making thom so plenty that
they would DC worth no more than
Confederate or Continental currency.
and here we would ask why it is that
tho advocates for paying bonds in
gold which we never agreed 70 so pay,
unite with the ropudiators and falsely
pronounce the Stevens & Butler, and
the Pendleton plan ono and tho same?
These two parties advocate the only
two plans ~ which Reputation can
ultimately be reached. While the
Stevens-Butler plan Is the only one to
sustain the National credit and indI.
vidual prosperity.
There arc three classes who oppose
this, leaving the rebels and open re-
p~udlators out OF the question FIRST.
Wall street, that fattened on our blum
ders and necessities during the war,
and wish a continuance of the same [;
secondly; those vain, concerted men
who have spun out vague financial
theories Of their own and feel bound
TO oppose everything THAI does not en-
brace their crude ideas, and thIr dly
men like Greedy who arc so honestly
credulous that they are gulled and de-
ceived by every designing mar In the
country. Which shall prevail, Greeley
and the great money centers Of the
East, or the people, especially CT the
Great West, represented by Stevens
and Butler. We know the latter
must, because for the last seven bears
these two men have never failed to
touch the popular pulse and represent
the views of the people, and they now
represent their views. The former,
while their policy prevailed never fail.
cd to bring disaster. Need wo refer
to their %favorite plan of redoubts and
redans while your McClellanE tried to