Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-11-11

bondholders, which would give them gold
for their bonds.
The State Convention of the Ohio Rad
icals, which met in this city on the 4th of
March last, took ground, in its platform,
In favor OF redeeming the bonded debt of
the country in legal tender notes, but no
sooneriwas General GRANT elected, than
the Journal, paper that lauded the plat
form when 1t was made, as ''unequivocal
q I'd dstraightforward,"a "and dofnos'unmeaning
or doubtful phraseology," denounced the
same resolution as an Undesirable piece
of sophomorical patchwork" as q ..'s,oir-
ding, kaapish, thieuiag. greeabacA plank" I"
which no Republican in Ohio defended
Except under duress."- ---ryTE sg,t-s0rzg
The Neio York Times, too, claims the re-
suit OF the late election as a verdict against
the taxation of bonds and against paying
them in any thing but hard money, worth
lE343s cents on the dollar more than legal
ftender notes. 1t says: aiq3 u9iisa.eaO
"The financial policy Of the Democratic
party was dictated by the supporters OF
Pendleton, and ratified by the Convention,
with the avowed purpose of conciliating
the West: Ii was contended that the West
ern States were almost a unit in favor OF
the taxation of bonds, the payment of the
ihve-twenties in green backs, and an infia-
tion OF the currency-to- render that step
practicable. When the party made these
measures leading features of its platform,
the whole West was claimed for Seymour.
Pendleton became. one, of the great guns
OF the campaign-eyery wnere expound-
ing his nOstrum, and urging its prOfita-
oleness TO the Western people,"
] There was no unnecessary imitation OF
the currency promised-none intended by
the Democracy over and above that neces-
sary to carry on its business. In the very
nature of things the volume of currency
must have been increased by full Demo-
cratic success, for that success carried with
1t restoration Of the Southern States to
their rights under the Constitutions and
with this, restoration Of trade and of the
markets of the great West TO that region
necessary on the resumption of the indus.
try of the country. Beyond this necessity,
there was no imitation Of the currency
either promised or intended by the Democ-
racy had they come into power.
The West was, and the West is, almost a
unit in favor Of the taxation of bonds and
the paying of them, when due, in the same
currency promised when the bonds were
sold--in the same currency that the pro-
prietor of the Times pays for the labor OIL
his paper-the same currency that the Gov
ernment pays the soldier and the pension
err and in which alone, the law says, shall
be legal tender in payment of debts
And the Times makes a wofuI mistake when
it claims that the result of the late election
was decision against the Greenback issue
1t was not so in the West--not so in the
East. In the former, the Republican party,
before the election, put it in their platform
their orators proclaimed it not an issue,
or else they advocated 1t. In the East, it
was made an issue against Gen. BUTLER
In his contest with DANA, the bondholders,
candidate, and 1BUTLER,ywho linked the
single virtues OF being in favor of paying
the bonds in Greenbacks with his "thou-
sand erimes,Y was successful SFG
Every where throughout the West the
fact that HoRATIo SEYMOUR had once so
spoken, that: the inference could be drawn
that he was in favor of giving the bond
holders gold Tor their bonds, was urged
against the Democracy, and while it may
not have prevented Democrats who went
to the election from voting for him, it GER
tainlys kept many from the polls. "a
He who believes the greenback issue
d cad, reckons without his host. 1t is neith-
er dead nor sleeping. Its great advocate
was, and still Is. GEORGE H. PENDLEToN,
who, In his person, embodies more of the
popular sentiment of the West than any
other man. He, and the United Democra-
cy with him, will continue the contest,
and, mark the prediction, Mr.. Times, they
will be successful. 1t is battle for JUS
tice-a battle against the repudiation of an
onest contract-against allowing the
bo nded wealth of the country to go un-
taxed, while its industry is taxed 81 to the
cath, and in such a contest, the issue
fairly made, who can doubt the result.
The eastern bondholders and their organs
may as well first asslast understand thai
il the bonds are to be paid they are to b.
paid inslegal tenderinotes, and that lik,
otherAwealth, they, must bear, their equa
share OF taxation for State and Nationa
purposes.