Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-05-04
A Republican Paper out for Green
haGlxa.

L
backs.
The Scioto Gazette, one of the oldest pa
,ers in the State, and always opposed to
he Democratic party, is Jealous advo-
ate of the Greenback theory. OF cours Q
{ will not admit that it advocates substan-
;ially the views of Hon. GEORGE 81. PEN
DLEToN on this subject, but nevertheless
it does do so. His views it decries as dis
guised Reputation. In its issue of last
week it devoted this editorial to the sub
ject:
The Ne,o York Tribune tries to convey the
impression that Thaddeus Stevens has been
in Iavor of paying the Government indebt-
edness exclusively in gold. Mr.. Stevens
told the writer hereof, a few weeks after
the passage OF the act authorizing the issue |
of Government bonds, that they were pur-
posely made payable in la.oful CURRENCY |
The design of the Ways and Means COM
mittee was to make gold and greenbacks
equal in value, or as nearly so. as possible,
and. in order that the credit of the Gov
ernment might not suffer, if there does not
happen to be twolor, three billions of gold
in the treasury when the bonds fall due, a
part can be paid in greenbacks, which are
as good as gold, or, if necessary, those that
wish it can have new bonds issued on the
same conditions, when the old ones tall
due. He added: jay Cooke g. Co. are do
ing very reprehensible act in advertising
that the bonds are to be paid in gold. The
people will sustain the Government, with
out any such false promises being held out
to them" We give the substance of his
conversation not pretending to give the
exact words. Can anything be more plain,
practicable and honest? Why not let well
enough alone. and proceed according to
| law? Certainly no one but q Wall street
hrNI H. 1Iy fr a vTn
them paid in better currency than the
terms of the note call for. And no
one but johnson and his followers would
compel them to surrender them up for
bond drawing a lower rate OF interest, and
endanger the credit of the government
by providing that gold debt of over two
J, billions should fall due at time when
there will not be one-fourth that amount
in the whole country. We can understand
why a repudiator should advocate this, as
it is another road to Pendleton's copper
head plan of reputation. OF course Wall
street and the Democratic nabobs would
have their bonds all sold at gold prices to
poorer people before the crash came.
The views of Mr.. Stevens have been
adopted by the Union State Conventions of
Ohio and Indiana, and now form part of
: our platform. Gen. Beatty went before the
people of the 9Th District on this issue, and
, it was indorsed by a, large majority. The
zoe euer had. and hdUe no idea of destroying ID
and placing themselves at the mercy of the is
suers of priudte shinpldsters and aotldcat bank
ers. The immediate return to specie pay
ments means this and nothing more, for
there never has been one-fourth enough
gold in general circulation to meet the bus
} iness wants ofthe country. And they inter
to keep this currency valuable, hence their
opposition to the Pendleton Democratic
plan OF issuing twenty-five hundred million
dollars more in greenbacks and compelling
} bond-holders to take them contrary to the
terms of their contract swindling the ma
tional creditors, and making them so plen-
ty that they would be worth no more than
Confederate or Continental currency, And
here we would ask why it is that the advo-
Gates for paying bonds in gold which we
never agreed to SO pay, unite with the re-
pudiatoIs and falsely pronounce the Ste
: vens & Butler, and the PendletOnian plan
, one and the same? These two parties aG-
vocate the only two plans by which repu.
i, diation can ultimately be reached. While
the Stevens-Butler plan is the only one to
sustain the National credit and individual
prosperity.
There are three classes who oppose this
leaving the rebels and open repudiatOrs
out of the question: First, Wall street
that fattened on our blunders and necessi
ties during the war, and wish contin
ance of the same; secondly, those vain, con-
ceited men who have spun out vague finan
cial theories of their own and feel boun6
to oppose everything that does not embract
= their crude ideas, and thirdly, men lik,
. Greeley who are so honestly credulou
i. that they are gulled and deceived by
\ every designing man in the coun
n try. Which shall prevail, Greeley
= and the great money centers o
. the East, or the people, especially of tn,
Great West, represented by Stevens ant
| q knnU latter U0nct m c
u for the past seven years these two mel
e have never failed to touch the popula
pulse and represent the views of the peO
pie, and they now represent their views
The former, while their policy prevailed
a never failed to bring disaster. Need w
:, and redans while your McClellans triet
to dazzle us with boasted scientific fig
r ures that this was the only way to pu
/! down the rebellion? The people in thei
II common sense said, "you fellows marcl
: around the rebel works, let our Western
: boys loose and let them go into the hear
n of the Confederacy and destroy thei
:. supplies" A few years later, when thei
ideas were carried out, Grant change,
the term marching around to flank
: ing" and Sherman's grand letting loos
: was called huge "raid." The people say
t their way clear through the war, and com
a mon sense prevailed. They now see thei
Z and they must prevail again. Need we re
e fer to the course of Wall street on tn
v greenback issue to show how unsafe thes
9 interested advisers are? Mr.. Stevens tell
us in a recent letter that they made MI
u Chase believe that gold and silver could b
!. raised for carrying on the war, and th
i Secretary actually opposed the issue @
greenbacks, and fought the Ways an
Means committee witch protests, threats
= ETC.. all the time they were getting up bill
authorizing their issue! Where is the per
O son that will now deny the wisdom of MI
Stevens course, or maintain that the wa
could have been brought to successful ter
e any wonder the people now have an affec
q ton for this kind of currency?
Does any one want any instances @
Horace Greeley's lack of judgment on an,
8 political question except that of slavery
e Let them call to mind his "on to Rich
8 mond" cry; his bailing JEFF. Davis; his pres
- ence on the Canadian border trying to ne
: gotiate disgracetul peace with Clay an
It Holcomb, just at the time Grant wa
% striking the death blows at the re
:, bellion at Richmond; or his editorial
at the commencement of the war, urgin
us to let the South go in peace, and
what they liked (though as matter OF jus
tice to him we will say that these editori
q ais are claimed to have been written by MI
Chase. They were copied approvingly in
70 to the Cincinnati Commercial at the time
l. where our readers may have seen them.)
v We went through the war safely by tax
ing the opposite of Mr.. Greeley's advice
We will solve the currency question i
the same manner. The sooner all recog
n nize this fact and yield gracefully to th
e situation, the better for all parties concern
! ed.
N
Poor Logan.
a The Washington correspondent of tn
!. Baltimore Sun thus tells how LOGAN hs
n been overreached:
,s The most disappointed man in Congres