North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1868-09-02

AAo" iookS tHe uciQ t1OW stands the
enemy2 Are his ranks broken Ibis re-
serves wasted ?-his resources exhausted
Are there gaps in his line? Are there
divisions in his councils2 Where are his
weaker points2 On what part Of his1ons
line OF defence ought democratic general.
ship to CONF entrate its forces for the main
attack?.
So far in the campaign. the enemy
has revealed his weakness in attemptips
| feeble diversions against bis own demo-
cratic recollections, instead Of standing TO
his guns under the fire of democratic bat
teries. 1t is creditable to democratic gen.
eralship that the attention of its gunners
has not been distracted BY such fsints,
The bombardmcnt has begun to tell terri.
bly, upon the ene,ny's ramparts; and all
the more for his weak and vacillatipe
tactics in running to shoot at shadows, and
leaving his true line of operations unpro.
tec'ed and uncovered"
Nothing has been developed more plain.
ly than that the republican party are not
united or earnest on the great question of
the campaign,-th financial question.
They talk good deal in gittering yener-
alities about national honor and public
faith. which may mean nothing or any.
thing. They are divided among them
selves Il, to what they mean by those
phrases. The bondholderS, who dictated
the Chicago platform, had clear idea of
the meaning they intended. and all the
truly loyal" organs Of the party advocate
and defend that intended meaning with
such feeble powers as they possess. But
anon comes Senator Morton, of Indiana,
hnr rli c,,,
councils OF war by an unanswerahlc aryu.
ment, proving that the democratic financial
policy is ri ght, and that the republican
h"ndholder financial policy is wrong. And
now comes another distinguished general
in the same partv,-Senator Sherman. Of
Ohio. -declariny that the democratic doc
trine is right. and the republican doctrine
wrong. on this allimportant question:
The language Of Senator Sherman, in his
recent Hllsboro speech. is suhjoined:
But here the difficulty 'arises.-may
the United States pay the debt in lawful
money. such as the law compels all their
creditors To take, or must it be in gold or
silver coin? Now, this depends upon the
contract between the parties. When q
nation deals with party, AMI STIMULATES
to pay money, the presumption is, that the
money to be paid is that kind of money
recognized among nations. unless some
other money is stipulated for in the con-
tract. Now, when we come to look at the
law. which is the essential part of the
contract. we find provision that kind
Il money defined in that act, and called
lawful money. shall be lawful tender in
payment Of all debts, public and private,
excent the interest OF the public debt,
VIII ch must he paid in coin. Now, I have
reasoned about this matter very often. in
public and private discussion. I have
made and answered 20 lateral arguments
in speeches and reports; but my mind al.
ways comes back to this conclusions; that,
under the law, the contract between the
creditor and the United States was. that
the creditor should lean the United States
lawful money, or paper money, that the
United States would pay the interest at 6
per cent in coin, and that the United
States might, at the end Of the FIVE wears,
return to the creditor his princi al sum in
the same money loaned to the government,
or might postpone this for twenty years.
Against this statement of his deliberate
conviction rs to the facts, Senator Sherman
proceeded to make laborious defence of
the party whose attitude in the campa On
is a point black denial Of these facts His
.fort in that respect furnishes good
illustration of the up hill work hich the
party has on hand work which more
than half the party are unwilling to do,
and which tha remainder are afraid to
undertake. and therefore are striving to
evade, by charging their batteries with
the old whangdoode slang about copper.
headi>m. hel sympathy. and other bal
derdsh Of that sort.-CAicogo Times.