The Conservative. (M'connelsville, Ohio) 1866-1871, 1869-11-19

torn and all the Southern States to
the Democratic candidate, while
the East will be almost solid a.
gainst him. The Republican en-
ters into statistics to show tho rela-
tive strength OF the two parties,
and is anything but pleased with
tho result. The entire vote Of the
United States approx!mates 6,OOO,-
600. Out of this enormous vote
there IS but little above 100000 ma
jority against the Democracy, and
which, as an organization, favors
the payment OF the 5~2Os in legal
tenders. In the Republican ranks
there are not less than 100000
voters in favor Of paying tho 5-20's
in legal tenders white in the Dem
ocratic ranks there is, possibly, alta
largo estimate, 100000 in favor Of
their payment in com consequent.
ly, when the ISSUE is fairly made
tho Democracy must triumph by Sc
curing not less than two-thirds of
the electoral colleges, and more
than ono million popular major
| ity |
TO add to tho discomiorts Of tho
Republican organization upon this
delicate question, q new party-a
party of ropudiation-is gcrminat-
ing IN Washington and New York,
drawing ITS nourishment from the
Treasury Department. We speak
Of the party that wants to negotiate
a row loan, ns a substitute for the
present public debt. Tho Demo
Gratis arc charged with being repu-
diators because thay favor the pay.
ment Of the 5.20's in legal tenders
according to the stipulations of the
contract, giving the bondholdcrs
six per cent. interest in gold. In
what particular this is reputation
does not appear upon the surface
neither can it be found IN it's tur-
pid depths. The proposed financial
policy Of tho new party, however
deveIopes tho most pronounced re-
pudiation namely: tho reducuor
Of the interest upon tho bonds -
The contract between the Govern
ment and the bondholder is for the
payment Of certain specified IN
terest until tho bonds arc due ant
paid. How that interest IS TO bC
reduced without ropudlatlng tn,
contract we fail to 500. Between
tho two it may DO that the bond
holders will yet see tho justice o
the Democratic policy and adop
the grecnbNck doctrine, Tho Dem
ocratic party socks to do equal anC
exact justice 10 all. If man is
bordholder, u IS no reason why h,
should be Disseminated against
neither should he be If he is tal
payer. Both should be equal be
fore the law-each possessing I'll,
immunities accorded to the other.
But the most refreshing thing W,
have seen is from that erudite jour
nal, the Philadelphia Press. Speak
ing of tho National Debt, it out
Herods Jay Cooke, by saying;
GAS no enterprise is started with
! out preliminary expenditure, 81 tn,
war dobt was the sum required T.
set the national house IN order
stock the national iarm, develoI
= the national mIne and equip th
national mandatory"
We rather fancy that the peopl
are willing TO part with this tive
stocked farm" ut very low tigur,
In fact they would quit claim it
any people who are dosirous of TILL
ing its fruitful soil.
All the arguments of our Reput
lican cotemporaries point to on
thing-that the people can and wi
pay the bonds, or in other word
;, the labor and industry and brair
and bone and muscle of tho countr
are to be forever laid under tribut
g = to keep up an effete arlstocracy.-
Against this, however, the poop
y will record their verdlcts in 1877
: on the issue laid down by the RI
uublican. - PiffSbilr1h Past