The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1869-09-17

~ upon that subject. In the SAN
speech he said this
Il believe that this GOvernmeu
has reached a crisis in its history
By wisdom it may overcome the evil
! of secession by-its great powers an
resources it mag be able to defen
itself against those In arms against i
but | firmly believe it can not main
tain itself against the shock Of til
accumulated and manifold danger
which follow invariably closely il
the wake of illegal. unsOund and de
preeiated Government paper eurren
cy."
How does that strike you? Bu
that is not all. He now proceeds t
show that any currency that is no
readily convertible into gold and sill
yer is unsafe, unreliable, and ought
not to be made. Said he
There is no time when the faitl
of the Government is pledged to thei
payment.
Is there any time to be pledged t,
the payment of the "green backs" ht
now proposes to issue? ? Not any
They arc in the same condition pre-.
cisely; for if you fix the time fol
their redemption they would be en-,
tirely different character of paper
currency, and one that he does not
allude to. He says:
1.-The wit Of man has never diseov-
cred a means by which paper eurren-
cy can be kept at par value, except
by its speedy, cheap, certain convert
ibility into gold and silver. Unless
convertible they have always depre-
ciated, they always will depreeiate
they ought to depreciate, because
they are only valuable as the repre-
sentatives of gold and silver. You
send these notes out into the world
stamped with irredeemability. You
put on them the mark of Cain, and
like Cain they will go forth to be vag-
abonds and fugitives upon the earth"
And yet Mr.. PendIeton is now ad
vocating the issue of 100000, 900
more "Cains" with three hundred
millions more marks upon them, to
be "fugitives'' throughout the land.
Applause.
What, then will be the conse-
luence? The currency will be en-
panded, prices will be inflated fixed
values will depreciate {; incomes will
be diminished tue savings of the
poor will vanish ; the hoardings of
the widow will melt away bonds,
mortgages and notes, everything of
liked value will lose their value; eve
rything of changeable value will be
appreciated; the necessities of life
will rise in value the Government
will pay two fold-eertainly largely
more than it ought-for everything
hat it goes into the market to buy; I
gold ard silver will be driven out of
he country. What then? The day
If reckoning must come. Contraction
will follow. Private ruin and pub
ic bankruptcy, either with or with
'ut repudiation, will inevitably fol-
Ow."
Now, you who demand that the
Government issue more paper n oney,
'emember that your own chosen lead
n and candidate for Governor stood
Up and said that such currency "bears
he mark of Cain upon it, and like
Jain will go out as fugitives upon the
'arth''-remember, too, that he says
a day of reckoning is to come" Isl
here any Democrat now who is hesi-
ating as to which PendletOn he will |
lave-the Pendleton of 1862 or the |
2endleton of 1869. Then he was
rying out that greenbaeks were uu-
OHovts--S;v--''l VlIt'S tIr0y uUufu u1I-
ettle the finances would unfix val
lie and destroy incomes-noW he is
rying ont in favor Of an extended
ssue of greenbaeks. For fear that
ONE of my Democratic friends may
e in ''pother' about Just what Pen
Teton himself believes, l can give
i'm the key. AS | stated, in 1862
e was opposed to coercion, and was
iding those erring sisters of the
Outh in their united effort to take
be life of the Government. Now, in
$685. he is labOring to lift himself
nd party to power, to bring upon the
ountry the ruin that he continually
redicted would come upon it.
Now, then, is not the Democratic
arty, read in the light of its candi-
ate, the "same old party" that we
nd it was 1862, in 1863, when it
ent showing Valla1digham over the
md? Is it not to- day the same par
7, instigated by the same spirit, ami
lated by the same desire, composed
the same men, actuated by the
lme plans, that it was in 1923?
They tried 10 take a new course
hen they nominated Rosecrans, but
could not be done. This morning
saw copy Of his letter declining
le candidacy. The Enquirer thinks
is decidedly mixed, as l before re-
larked. So far as thedebt and tax
tion are concerned, I will leave them
IT the discussion Of other gentlemen
ere.