The Baltimore County union., 1868-02-15
ReJDmdi0fiOn.

RepWdt0ffOn.
We SEE that the democratic politicians Of Ma
ryland are following the lead Of several Western
States aud will 50 manipulate the wires as 10
have the vote Of our State, 10 the democratic ma
iional convention, cast for Geo. II. PendIeton rs
their nominec for President. The tide Of dem.
ocra'ic sentiment is evidently setting strongly In
Mr.. Pcndeion's favor, aud there secms now 10 be
not much doubt that he will bv chosen TO lead
the iorlorn hope OF democracy.
SO decided a stand taken by the democratic
party for a man who IN 1854 was u drag on his
ticket, l. not io br wondered at when IL becomes
known that he is the originator Vi tue meauest
method Of rcpudiaiion extani. That fact has, as
matter Of course, advanced him wonderfully
IN the estimation of the democratic party, aud ,o
that fact alone will he owe his nomination by
the democratic national invention, should that
body select him.
one method Of repudia,ion is plain, open re-
fusal to pay the national debt but this has the
merit OF too much honesty to suit the modern
democracy so they choose the Pendetou plan,
which Is mean, lreaeherOns evasion of the ma
lions obligations, carrying with il the semblancc
Of rcsprctabiliiy.
For the benefit Of those ~ho have never given
the Pendlelon plan Of rrpudiAiion that aiieution
which al voters should give IT, we will show
some OF It's iAlacies, aud where l, would leave US
At the end VI few years
Mr.. Pendleton proposes that all the 6ve.twen-
ties shall be redeemed MS they mature at the end
OF their rst term Of Eve years, by issuing, In ex-
change for them, At par, additional legal.iender
notes. ln other words, IL you hold q note against
your ueighbor, drawing fair rate OF interest,
aud on its becoming due, you took II TO him
with the expectation Of getting the money ac-
eOrding to promise, but, instead thereof received
or rather had forced upon you, his duO-bI.. run
ming an indefinite length Of time, and, Of course,
drawing no interest, you have personal appli-
cation one Of the feautnres Of the Pendle,on re.
pudation scheme
lie and his followers are very profcse In their
admiration Of bis plan, sad show in their speech.
es and editorials that Il S,l work 10 perfection;
and the speeious argument iha, every man who
votes the democratic ticket will have a pocket
full Of greenbacks is too pleasing to the unthnk.
ing masses not 10 have its effect. Should the
Pendleion party be successful, their adherents
will find out that pOcket-full Of greenbaeks
then will not buy what very small handful
will RoT for, In all their plausible statements,
they have not once told Us when the enormous
issues Of greenbaeks they propose throwing upon
the country will be redeemed. That IL Q ques.
tion they cannot answer II is evident they do
not intend IL shall be redeemed with gold They
know that II nOr, with only 500, 600, 900 Of
legal tenders and bank notes 10 ejaculation, the
paper is worth seventy cents In gold, a uin not
be rorth ten e'fs on Ms dollar rhsn 81 900, ,OOO,-
400 more shGu hare been Issued.
This plan Of Mr.. Pendleton would give US BY
the year 1919 a circulation Of greenbacks nearly
equal TO the entire national debt, or about S2,-
9OO, ,OOO, 900 in all for by 1878, the first period
Of FIVE years after which they may be redeemed
will have elapsed, as to the Gve.,wen,ies. Mr..
Pendle,on speaks Of this as process so gradual
that no evil results will be felt. lie knows better
than this, but dare not say So for fear Of spoil
ing bis theory. lie knows that by the time bis
proposed Issue Of greenbacks had been fully ac.
eompli'hed, they would be passing for no more
.ihan did che paper money OF the Confederacy
- Fsefisas 60 lie collapse. Long before the
io~~F3p prH<iation Of ereenhacks. the CONNER
eial eiiisz q lbe eoun,ry would demand gold for
their wares-~would resume specie payments In
seli-deienee The result would be TO throw the
paper currency among the rural population en-
tirrly, aud untold miferiss and disorganizalion
would ensue
The sole aim Of The Democratic party, in the
financial theory II has adopted. !. to gain votes.
There Is not member of the democratic party.
from Prndieton down, Who has given the Pendls-
ton plan thorough investigation, but knows
It's fals'y, and forsces the utter ruin that will
follow II this plan is adopted. There 10 not an
individual 10 the whole South, Who lived there
through the rebellion, who will not decry such
MEASURE The Southern people have passed
through ons rsign Of limiilefs paper currency,
aud they never want to see another. They know
fFom bitter experience ihs, Ilmiiless paper cur
rency runs The neressariss Of life up 10 fabulous
prices they know II ctusbes out all bankinR &C.
comuodaiiousi they know that instead Of De.
crcasing taxes il increases thcin they know that
the hnal result will be early repadiaiion aud a
dead currency, no, worth is weight in white
paI~r. Yet, In the face Of all this, The dsuo.
cratic demaToguss would rgduee our sueabacks
10 the sans level with Confederate scrip. But
~ba, care Ih,y for disastrous effects, 80 long as
votes cru be made by ~ They care nothing for
the ruin and suffering that will follow the dis
homes, and ssieidsl Issue Of 81, 1000, ,00O, 900 of
grrenbaeks. What are suiI-rings aud dIsaslers''
say they, compared 10 the nsx, election, and
" The Gi Offices, from which We have been kept
so long We must have the votes. u II ruins
I" The nation" Every n,nn Who casts bis vote
with The denioeraiic party, on the Pcndleton
platform, votes for increased taxation, Increased
cost of living and the destruction Of American
credit.