The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1870-06-09

IL ~ sAAS ~" DessAAA . oAAAS0
and settle, without further circumlo-
cution. g.. 9- 4aE t.a
If you hav'nt got the 81, so, borrow
it of your ncighbor, and if he hasn't
got it, come in and VIC will lend it to
you ourselves, rather than that you
shall longer violate tho prepayment
rule, which is our Law and Gospel.
LOughrilge Oh the Finances.
Tho supporters of Col. Stone in
this District, doubtless deriving their
inspiration directly from their mas
ter, evidently intend to carry ON this
campaign on the theory that lie,
or rather several lies, well stuck to,
are just as good as the truth.
Thoy commenced with the charge
that he voted against tho 18th Amend
ment, and. VIII en- ho offorsa thorough.
complete, and circumstantial refuta
ton of that vilo fabrication, over
his own signature, they have not the
fairness or manliness TO publish his
letter, but keep on, from day to day,
reiterating SANDER which is moro
utterly bassless, and mendacious than
was ever trumped up before against
any, public man in Iowa.
lie eutortains precisely tho Same
opinion in regard to our finances, as
Ben. Butler, tho late Thaddeus
Stophcns, Gov. Morton, and John
Sherman, Chairman Of tho Senate
Finance Committee, to-wit: that
the public debt, in tho language of
our Chicago platform, should be paid
according to the spirit and the let
ter of tho contract, which requires,
&C oording to Loughridge, and these
other distinguished men, whom we
have enumerated, and hundreds and
thousands of Republicans all over
the land, as good as Stone, or any
of his little, blinking, twinkling sat
elites, compliance with tho follow.
ing provisions. to-wit: ~
1st, all debts contracted aftor the
passage of the legal tender act, not
expressly payable in coin, by their
terms, can be paid in legal tender
notes, of those issued during the
war and not by new legal tender
notes issued now ad libitum, which
latter plan is the Pendleton paper
mill and Iampblack theory of repu.
diation.
I'd, holding this as the law, Judge
Loughridge and those agreeing with
him, have ever held, and now hold,
that no more greenbacks shall be
issued, and that the bonds shall not
be paid in greenbacks, until they are
at par; in other words the green
backs are due and should first be
paid in gold, or in what is the same,
to-wit: a currency redeemable in
gold on demand. a!g
The republican party has always
contained a numerous and respectable
body Of men who entertain this
financial theory, and it was on ac-
count OF this well-known fact that
on this point, the platform made at
Chicago, in 1868, was made latitudi.
marian, SO that both sides of the ques,
ton, could reconcile their pet theories
with payment according to the
letter and spirit of the law.
1t will be observed, however, that
tho differences that oxist among re.
publicans on this point, is much more
one of theory than of fact. The
doctrine Of our member and the
other distinguished men of our party,
in whose honorable company he is
found, is, when it is simplifod down
to its cssence, as follows.
No moro legal tenders, at least un.
i'll what we have are as good as gold,
and when alegal tender is as good as
gold, then it is the same as gold, and
then the bonded as we'll as all other
debts, can be paid with the greenback
without national dishonor. If this
doctrine is hcterodox, the Stoneites
can mako the most of it, and proceed
to read Judge Loughridge and his
army OF friends agreeing with him,
out of the republican party.
These are as near as we understand
taem, Judge Lougbridge's Vows, as
veil as those of Morton, Butler, and
many more leading men in both
houses of Congress on our side, and
while we may not fully agree with
them, they arc not test questions in
our organization, and the support of,
or the, opposition to them, furnish no
reasons for tho questioning of a
mans fidelity to the republican
party, or justification Of the abuse
which Judge Loughridge has receiy-
cd at the hands of certain journals IN
this district, for his independent and
honorable action on this, as well as on
oil other questions, since taking his
seat in Congress.
Tue G. & S. W. R.R.-An extra
from the Conterville Gtiscn, announ-