Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-06-09
FINANCIAL POLICY.

IL IS gross error 10 suppose Jlab Tue
financial question can be pretermitted in
the declaration Of principles at New
York, and it will be a misehieyous one if
it is done, The burden of taxation
borne by the people is heavy beyond en-
DURANGO almost. The bonded debt has
absorbed great portion Of the capital of
the country that should be employed in
the active industries. The inequalities
Of taxation, and the scarcity of money
prevailing under the existing financial
system, brings the question to every mans
door 1t cannot be overlooked in the
schedule Of measures to be devised and
advocated for the relief of the country.
The platform should speak on the subject
with no uncertain voice The Chicago
tricksters have attempted to equivocate
in regard to the payment of the fye~
twenty bonds; while the Radicals in
Congress but the other day indefinitely
postponed the bill to increase the national
currency The people clearly perceive
that they cannot reasonably hope for any
measure Of relief from that party; and
they demand of the Democratic party
such action as will afford it.
There is but one proposition that has
laid hold on the popular mind as at once
feasible, judicious and wholesome, and
that is the policy first advocated and
elaborated by Mr. Pendleton, but which
now has thousands of supporters in the
ranks Of both parties. Ii lisa proposition
stronger than parties. In many sections
it win override all other issues. By
recent act Of Congress, the first Tuesday
in NOyember--the day of the Presidential
elections fixed as the day uniform
throughout the United States for the
election of members to the fortysfirst
House of Representatives That Con-
gress viii be compelled by the popular
demand to make some provision on the
subject, and the question will neces-
sarily be q leading issue at every polling
place IN the nation Ii must therefore
be met and met fairly and honestly, and
we unhesitatingly declare that both in
principle and policy there should be in
the declaration at New York an
unequivocal Endorsement Of what is
known as the greenback policy. Its leads
ing features are thoroughly understood
by every Intelligent man in the couno
try, and do not require argument to
prove their wisdom, justice or statesman
ship. The State Conventions in the North
who will have delegates at New York,
have, for the most part declared in un-
mistakable terms, their Endorsement Of it,
and among them are New York, Penn
sylyania Ohio, Indiana, Illinois, Mich,
gan, Wisconsin, Minnesota, California,
Oregon, Kentucky and Maryland 1t
may be regarded as a fixed article in the
creed Of the Democratic party to which
the only dissenters are a comparatively
small and Interested class. SO over
whelming is the popular sentiment, that
even the Radical party in two States,
Ohio and Indiana, have been compelled
to yield to it, and their double-tongued
utterance at Chicago was made in obedi-
ence TO that demand
We urge, then, that the convention to-
day shall speak out on this subject If
there is a community in the country that
feels moro than another the necessity
for the healing influence of these meas
ures it is that of Tennessee. The bank
circulation of Tennessee is less even
than that of Delaware, while that Of
Massachusetts, with a population not
more than a fourth greater, is many times
greater than ours. We are languishing
under this prodigious inequality, and
want the system changed, and the bonds
drawing gold interest liquidated in law
full currency and given to the industry
of the country.