The Placer herald., 1869-11-13
THE EXAMINER AND GREENBACKS.


Of that journal, or "Aop" so suddsn, re.
markable and Astounding as to call for some
explanation. We cannot bring ourself to
believe that either Of the former writers for
that paper ever wrote or read, prior to is
publication, the article referred to. The ar,
ticls is full Of historical errors and is dec
laration Ct war. sgainst the National Demo.
cratic platform, that sh ould most unquss.
tionably sp.i,s the Examiner to high seat
amcng the shoddy bond'holders' organs Of
the east, and place its conductors "eheek by
joul" with Secrs,sry Boutwell,, John Shsr>
man, Bob. Schenek, Charles Sumnsr, Au.
gust Belmont, etc. but can never be pass-
port to the political fellowship Of honest,
toiIug, tax paying Democrats. We are
very much disiucliusd, (bslisvisg the arti-
Gle to be aO "sstray" 10 the columns Of the
Examiner to exposing the hsrs,ical doc
trinss and rhetorical errors coutsiHsd ia the
article, aside from the immoral and dishos>
est avowals against justice and equity to the
great toiling masses OF our unfortunate
country. When the Examiner says = dscis
ion OF the Supreme cosrt declaring. legal
tenders unconstitutional will relieve the
Democracy OF some of the Western States Of
an embarrassing matter that ought never
to have been brorght into ISSUE" it misststes
the facts, and suppresses the true history
Of tho greepbsck issue and the doctrines Of the
party on that question in every State Of the
Union. 10 the National Democratic Conven.
ton that met in New York on the Alb day
Of July, 1868 in which The Democracy Of
every State in the Union were represented,
the follow ing declaration upon this green
back question was unanimously adopted,
and thereby made The doctrine Of the whole
party, not "some Of the Western States"
"Wlere The obligations of the Government do
not expressly state upon their face or the law
under which they were issued does not provide
that they shall be paid in coin, they ought in
right and justice, be paid in the lawful money OF
the United States
This is the doctrine Of the party all over
the Union, and the Examiner fought the
political battle of 1868, maintaining that it
was right, just, and soundly Democratic.
On the slh day Of July, SOS, the Examiner
announced this doctrine as "sound to the
core" declared i. WAS the issue upon which
tho Democracy Of Ohio fought the gallant
contest of 1867, when they carried the
Legislature, and that it was, 10 fact, the
doctrine Of nearly the entire West, without
distinction Of party. How can it now say,
",be pay ymeut of the United States bonds
in grssnbacks il a proposition altogether
untenabls?" We have no doubt, nor never
bad, but what the legal tender notes are un.
constitutional and void in law, whether that
bs the decision or not by the Supreme coort;
and there is no difference between the five
twenty bonds and legal tenders as to their
represep tation OF value. Neither of them
represent anything Of value, in view of this
expected decision Of tho Supreme court, and
both alike are utterly worhle" in law
Stealing horse and trading him for suotL
sr don't give the thief any right of property
in the latter horse. The bond. gave
the Government legal tenders. which had
10 moro value in law than waste paper, for
his bond, consequently no consideration
passed and the bond is void. Congress bad
power TO borrow money and issue govern
ment bonds for the same, bat i. did not Dor.
ron money, but borrowed wo rihle.s paper,
and per consequence the bonds are void
anc valusless, no money having bean re-
ceived for them. Then if The court decides
that greenbacks are not money, the bonds
for which they were exchanged are equally
void. The Government can, 10 tho face Of
the contemplated decision, pay what it
pIeasss for both legal tenders and bonds, and
we wish it to pay just what they are worth in
gold, if it pays in gold bonds, and no moro.
National debts are only based upon nation
al honor, and when a nation rsturos all she
received, in kind, or value, with fair usury,
it has iquidated every honorable Obligation.
When the Eraminer says thi. grsenback
question sis the rock upon which the Ohio
Democracy split-tbe milestone about their
necks which sank them 10 the recent cleo
tion,' it asserts that which there is not the
sh adoW of truth 10 sustain-that of vhich
the very contrary is true. 1t was tho rock
on which the Democracy uuitsdly stood;
the plank upon which they gained thereby
three thousand votes in eleven months.
Take the Eraminer article theory, and bond
in gold the old bonds and the gresnbacks.
say at five per cent-ths whole will reach
$4,000 900 ,000, aud we must meet $780,
600 900 year in interest and another
$3.50, 100000 for Government expenses and
to keen up the array of tax.oalherers IN col,