Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1869-09-16
ROSECRANS VS.. PENDLETON.
THEIR TWO PLATFORMS CON-
TRASTED. -s
Speech of Senator Sherman at Spring
field.

TRASTED. 90
Speech of Senator Sherman at Spring
Senator Sherman addressed the
Republicans at Springfield, Clark
county, September 3. In opening
he said:
s'FELLow CITIzENs.:-We are
again required to enter upon po-
litical canvass. This frequent re-
'currence of elections is the penalty
that accompanies the blessings of
self-government. The election this
fall il important. 1t is State cleo
ton involving the choice Of a new
Legislature and State officers ) but
it is also of interest to the nation at
large. It involves the general pol
icy of the government, and of par
ties, on all national questions. We
have had a feeble attempt by the
Democratic party, defeated on old
issues, and under old leaders to take
a new departure, in imitation of the
example of their friends, the rebels
of the South. General Rosecrans
declines the proffered leadership !;
but in dsclining he gives us his pro-
gramme for the Democratic party.
He adopts nearly every principle of
the Republican party, but labels it
Democr instead of Republican.
The best way to show the difference
between Rosecrans's Democracy, as
he would have it, and Pendleton's
Democracy, as it is, is to compare
the propositions of the ringleadeis.
General Rosecrans says: "The
enormous interest on our public
debt is producing the most fearful
inequalities in the distribution of
capital" Who made the interest
of the public debt SO enormous F?
It was the Democratic party-hy
opposing the war and casting doubts
on the success of the National Gov
ernment. Who prevented reduc-
ton of the rate of interest :? The
Democratic party-by casting a
doubt upon the public faith and pre-
venting a funding of the debt at a
lnwer rate of interest.
ssGeneral Rosecrans says: TO
effect this we must diminish our ex-
penses at home, establish conf
dence in our political and admins
trative ability, and increase our
credit abroad until our bonds in for
eign markets are worth what our
ability and certainty to pay war
rant; and then from the proceeds of
the sales Of new issue, bearing a
reasonable rate of interest, and sub
.ect to reasonable taxation, promptly
redeem every existing bond the mo
ment it becomes due He says 'to
effect this (that is to redeem the
rate of interest) we must &c. This
is precisely what the Republican
party is doing, and will continue TO
do; and precisely what the Demo
cratic party is trying to prevent us
from doing. We are reducing ex-
penditure and establishing our
credit, and with the proceeds of the
sales of new bonds, bearing a lower
rate of interest, mean to pay off, the
present debt. We passed funding
bill; fixing the rate of interest at
four to four and half per cent,
and johnson, with the hearty con-
sent of the Democratic party, pock-
eted it. General Rosecrans says j:
mo local declarations, inviting a
popular prejudgment of any legal
questions about the terms Of pay
ment of the national bonds, should
impair the priceless value Of the
public credit at time when it is all
important to create the speediest
means of ridding the country of
those enormous expressions. But
every Democratic platform should
tend to raise higher and higher the
public credit, and to satisfy the peo-
pie of Europe that the Democratic
party is the last party in the United
States that proposes to whine or
act reluctantly about the payment of
the public debt, even though it's
present holders should have bought
it below its fair value What a
severe commentary are these re
marks of the General upon Mr..
Pendleton's course, and the Demo
cratic platform. General Rose
Grams says the Democratic party
must not 'whine,' but that party and
its leader Mr.. Pendleton, are doing
nothing but whine and howl to the
injury of the public credit. Mr..
Pendleton's lettes of acceptance is a
dismal whine, and every Democratic
stump speech this fall will take up
and echo the same despairlng cry.
General Rosecrans says: 'An ire
deemable paper currency, or one
perpetually fuctuating in value, is a
gigantic fraud on the people, a con-
centration of the evils of false
weights and measures and most in
furious to all classes, but especially
to those who live by their labor
This is all most true; and I have
myself said the same several times,
and l mean to repeat it. General
Rosecrans adds: "The Democracy
should assert with renewed vigor
and determination it's old declara-
ton in favor of specie basis, and
a paper currency, convertible at par
into coin, at the will Of the holder,
and should take prompt and effica-
cious measures to raise our bonds
to where the security they offer, and
the interest they bear, ought, to
place them; SO as to draw green
backs after them to par, with the
1ooct r,nccib1o 1aIav This will ro