Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-09-06

DO uudAbtcdlcuf OppTeSScus IODDcu VI
its rights, and replaced in a condition
that would be worse than slavery.
Let US now contemplate the finan-
cial plank in the platform Of the Ohio
Democracy, to which it obstinately,
although in contradiction to their
Eastern brethren, clings. 1t has an
ugly sound, the sound Of repudiation.
1t looks to US like a fatal destiny
when Democratic leaders, in the
endeavor to set the half-sunken vessel
afloat, burden it with a ballast which
must inevitably drag it to the bottom.
Fraud against the holders of Ameri-
can fiye-twenty bonds is here boldly
made the party demand.
1t is sad to behold that q party Of
public morality can offer such thing
without its originators being driven
by the universal indignation Of the
people from the scene of their dema-
gogic doings. This is the same party
of which it might with reason be ap-
pretended, in case it rose to power
again, that it would saddle on the
nation the rebel debt and indemnity
for slaves.
Mr.. Ewing, Jr., goes so far as to at
tempt to illustrate the correctness of
Mr.. Pendleton's greenbaek theOry-a
modern CagliOstro-who throws the
old one deep into the shade. The
former made gold out Of nothing /;
Mr.. Ewing makes nothing by gold.
To pay the United States debt with
paper slips, /. e., with nothing, that is
one of the most modern tricks of art.
That surpasses my friend Habelman,
who avowed himself to be a COM
munist and opposed to all existing in
stitutions. He went to work more
radically and more on principle, by
simplifying all theories Of national
economy in this way, he advocated
the abolition Of all money. Mr.. Ew-
ing's magic mode of procedure is this:
He gives the holders of the four hun
dred and fifty millions Five-twenty
bonds, greenbacks ofan equal amount,
irredeemRble and not bearing interest.
Whoever can make use of the latter
has the right to exchange them for
three per cent. certificates of iHdebt-
edness, and when he would like to be
rid of them again be can convert
them again into greenbacks. This
interesting and ingenious process or
prestidigitation every one can con-
tinue until the day of his dissolution,
unless he prefers to rid himself of his
Ewing slips by forfeiting one-half Of
three-fourths of his claim. As re-
CARDS the point of loss Mr.. Ewing
makes himself easy by the reflection
that the bondholders bought their
bonds at cheaper rate.
What do my German Democratic
friends say to these doctrines Of q
Democratic leader, who at the very
time that he sanctions fraud, sheds
crocodile tears over the "taX-ridden
masses, 1.-THE poor men," and over
the dishonesty and profigaey OF the
Republican party?
Fie upon such demagOgic hypo-
critics, who have their mouths always
full of their faith while their hearts
are cold and insensible to the
wants and sufferings of the people,
whom they only confuse by their
casuistry, and whom they are
only intent on using for their
own selfish and ambitious objects.
What does Mr.. Ewing care who has
possession of the five-twenty bonds
A large part of these bonds are, here
as well as in Germany, in the hands
of people whose entire property they
constitute, which they have labori-
ously acquired by their hands toll.
At the time when we were in deepest
need, the money was intrusted to us,
and now we are expected by certain
demagogues to betray this confidence.
The reason of the five-twenties in
Germany standing below par in Eu-
rope, is not, as Mr.. Ewing maintains,
because the holders themselves eX-
pected nothing but paper payment,
but, as 1 happen to know from per-
sonal information in Germany, be-
cause the Democratic reputation
schemes are feared. Without the
presence of this fear, all the six per
cent. American bonds would long
since have reached a par value and
the premium on gold would have
sunk down to a mere nominal figure.
Gentlemen, to me politics is not a
matter in which q man may have a
different morality and be less eOnsci-
entious and honest than in other civil
of life. Guided by this view
1 have in my observations abstained
from all Intentional misrepresenta-
tion of facts. / do not wish to gain
any friends to my views under false
pretenses. The conclusions to be
drawn from my criticism Of the par
ties follow of themselves.
That which the Democratic party
promises to do is just as bad as that
which it has done. Withit no recon-
is any longer possible, and
the sooner it utterly eollapses the bet
ter. Its free-trade and financial policy
would bring about the material, its
policy Of reputation the moral ruin
Of the country, not to mention all the
other dangers which its investment
with authority over the country would
produce. Therefore it is yet too soon
to relax the discipline which enabled
the Republican party to come out
from so many conflicts. As
long as the Democratic party contin-
ues to hope for victory, the fruits OF
the four years war are not secured,
and the great mission Of the Republi-
can party is not consummated, or the
latest revelation of the swindles of
the New York Democracy inspire so
much confidence that we can afford
without risk to surrender the rule and
he treasures of our State to the De-
Where stood that party, with the
exception of the German Democrats,
1t the time Of the GeTman-French
war? Why, on the side Of France
II the German Democrats have ever
asked themselves that question they
must have perceived that Ireland
ords it over the party, and that Ger
nan sympathies. were sacrificed to
Irish sympathies, as has always been
lone. The key to this secret, as well
IS to the one that the Republican
press of the country almost unani-
nously sympathized with the cause
If Germany is not difficult to fnd.
But even in the Republican party l
near parties say it is not as it should
De. OF course everything Is not as 1t
Ihould be, and I have no great hopes
hat the time viii ever come that it
will. 1 believe neither in the infaili-
,ility nor the immaculatenesso Of either
nen or parties, for imam erTs while
le strives" The question for Us to-
lay is whether the past Of the Repub-
lean party gives us a guaranty for the
uture.
Who will deny it? Is not the ma
erial out of which it was formed q
old and sound material? If it is not,
where will you fndit7 The leading
principles Of the party are those OF
liberty and progress. Its foundations !
re so firm as 70 have withstood for