, 1873-06-30


worry romoto time. There ia hardly 4 nation Of
Europe tint has not undortakon to malo money
plenty by iseulng dobnscd coinage and making
1t legal tondor Mt its statutory valuo.
Great Britain triod It moro than once and tho
M!ntntry that made two ghillinga out Of ono woro
aomowlat surprised to find TINT tho two new
shillinga would purchase tho prociBo amount Of
commodities that tho one old shilling would buy,
md no moro Frnnco, Spain. Italy, Russia, aud
Tur1oy lavo rim tho entiro gamut Of dobasod
coinage. Issuing pnpor proniscs-to-pny md
calling them money, Ia but anotl1or md worao
form Of dobasing tho coinngo. No statute can
compel man to exchange his labor or his prop
orty for paper money except at his own prico.
groonback can hayo no value oxcept what 1t will
purchase though 1t may bo called dollar or ten
dollars. We havo had q striking instance Of
this in the fact tint tho groonbacks H.
Bncd mud made legal tendor during
tho war havo not, aftor eight yoars Of poaco and
of comparative national prosperity, obtained d
higher value than 60 conts on the dollnr, aud
that, too, under legal stipulation that tho
amount issuod shall not DO Increased. It Is easy
to understand that It mn Issue Of e356, 900 of
national notos, mado legal tondor by Inv, have
not appreciated to par during oight years Of
peace, during which timo tho population, woalth.
and production Of tho country have largely in
creasod, furthor 1ssue, and In m unlimited
amountof tho same kind Of paper, could have no
other effect than to Btill further lowor tho credit
Of tho Government, and roduco tho va1uo Of
tho currency in tho hands Of the holder.
1t Gun hardly be necouHary to discuss tho propo-
sition upon Its moritH but, aa N1r. Ewing and
what romans Of tho Democratic party Of Ohio
assume that tho people Of that State arc 30 pro-
found1y ignorant upon this subject that they
will vote for making money plenty BY Issuing
paper promises that hayo but little real value
and therefore largely fraudulent, 1t is we'll to
understand who is to Voto with them. The Dem
ocratio party per Sc, in Ohio, is now but n COM
paratiyoly ANAL faction. II is poworloss for any
other purpose than to keep tho TO-
publican party aliyo by showing tho people
that thoro is something in tho wind
ovon less desirable than that. At tho coming
election, the party by itself will hardly make 3
show at tho polls. In tho nbsonco Of Bucl u
party, however, probably majority Of tho poo-
plo of Ohio arc opposed to the Republican Or
ganization, aud would GLADLY givo tho lattor
quietuH. This opposition cannot be united upon
Mr. Thomas Ewing or upon my other man who
tal1a such nonsense Us having an unlimited
iusuo of groonbacss, and Of reducing interest by
making tho money loaned of 80 little value as to
bo worth no interest. The Liberals in Ohio can
noithor touch uor handle any such doctrine as
that nor Gun thoy yoto for any man who
places such a low estimate upon popular intolli-
CONGO aB to assume that they approve such
policy. We notice tint all tho Republican pa
pcrs Of tho State aro worry anxious TINT Ewing
shall bo tho Opposition candidate for Governor.
His sno1nination is lust the thing they need, per
hapa tho only thing TINT can aavo them. and 1t
is not at all improbable that tho Domocratio fac
tion that Is 60 Interested in keeping tho Repub-
1can party alive will mako Ewing their candi-
date. In that case, OF courac. Gen. Noyea' Cleo
ton mill bo forogone conclusion. But tho
Liboral Republicans and tho disgustod Demo-
Gratis, whilo they will probably not vote for
Noyos, ought certainly not vote for Ew-
ing. They cannot afford to adopt any
such abomination as tue grecnback policy, willis
| advocating financial reform and g speedy ros-
toration Of national credit to specie standard.
| They should either abstain from voting at all,
| or should present candidate Of their own. It
ia not ]ilo]y that thoy would elect him; but that
is not huff so important rs preserving their own
respect, which cannot be done by tolorntion or
connection with tho policy Of flooding tho coun-
try with 1rrodeomable and deprecated Bhipplas-
| tera.