Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1869-10-21

73c. on the dollar, in gold. In order
to depress this currency to its for
mer value, it would be necessary to
infiate$it Against this policy the
party took decided |
stand, and it has been indorsed by1
q majority of the people of Ohio.
In regard to the payment of the
bonds, it is a mistake to say that
the question of gold or greenbacks
was squarely presented. The Re
publican platform ignored the ques-.
ton because it was found impossi-
bic to agree. One side desired an
endorsement of the Public Credit
bill, while another advocated reso-
luton favoring payment of the debt
i'll greenbacks. The Committee on
Resolutions finally agreed to disa-
gree, and the question, as we have
said, was ignored in the platform.
In the canvass, it was admitted that
there is difference of opinion, in
the Republican party, on this ques-
ton, as there is in the Democratic
party, but generally it was argued
that the Government has legal and
moral right to pay the bonds in the
currency of the country; that is to
say, it has right to use existing
greenbaeks for that purpose; but at
the same time it was urged that it
might not be wise to exercise this
right. The policy of Mr.. Boutwell,
is to enhance the national credit to
a point that would enable the Gov
ernment to place long loan upon
the market at a low rate of interest,
and use the proceeds in redeeming
the 6 per cent. outstanding bonds.
This will be attempted at the next
session of Congress, and if success
full the whole question will then be
disposed of. If it should fail, how
ever, the proposition to use the sur
plus revenne in paying off the debt
in the currency of the country will
come before the people next fall for
consideration. Meantime the posi-
ton we have stated was accepted by
the people, and Pendleton theory was
rejected.
| Upon the question Of greenhacks,
taxes and bonds it was not difficult
to appeal to the lowest nature OF
the people, and Democratic speak
ers and presses availed themselves
of the opportunity to the fullest ex.
tent, always squirting at repudia
ton as probable contingency
The election, however, proves that
the people of Ohio are opposed to
Reputation direct or indirect, ano
/ that they are capable of scornine
the men who approached them with
a proposition dishonorable anC
wiched-second only in enormity tc
the rebellion, through which it was
} sought to destroy the Government
Let it not be supposed, however
that the people of Ohio indorsed the
Public Credit bill; or that they are
in favor, unconditionally, of paying
bonds in gold which, by the terms
r of the contract, can be shown to bt
payable in the currency of the coun
try. If Congress shall devise means
that will enhance the value of tht
2 ,greenback dollar and place a new
t loan upon the market at low ratt
ofinterest, the people will acquiesce
but if gap Of % per cent. is to re
main between the paper dollar ant
5 the gold dollar, they will not con
sent to the payment of a debt in tn,
< latter that is legally payable in th'
9 former. This, upon the bond ques
ton, is the meaning Of the election
8. The 18th Amendment: Thi
A question was squarely met by th'
Republicans in the affirmative, ant
, the Democrats in the negative, AM
the result is in favor of the former
Of this question of negro suffrage
, the people have become tired, ant
5 by majority of10 1908, they instruc
ted the Legislature to adopt th'
amendment.
4. The conduct Of the administra
ton in collecting the revenue, ant
| in reducing expenses, causing tn,
financial result of the national bust
. ness since the 4th of March to com
pare most favorably with operations
{ under johnson, was indorsed by thu
: people, and proved one of the strong
r est supports Of the Republicans il
9 the canvass.
5. The response of the people, to
the appeal Of the Democrats to for
get the past, was in the negative
: Mr.. Pendleton's anti war record, ant
| the anti-war record of the Demo
cratic leaders, has not been forgot
ten aud will not be overlooked sc
long as these men seek Office. These
leaders are largely responsible fol
( the blood and treasure expended il
putting down the rebellion, and fol
the debt which the war fastened
upon the people, and for the taxes
which are necessary consequence
These men can no more hide theil
record than they can obscure The
face of the sun, and it would be
madness to place in power in this
nation men who, a few J ears ago
4 and when last in control, sought te
: betray the country. &