, 1874-06-19

Logan did, by assuring lis audience tint he llad
not como tospringi1e1d to havo anything to do
with tho deliberations Of tho Convention, or to
give ndvico ono way or another; that ho camo
only to havo tho delightful sensations which tho
act Of mingng with hiH constituents always pro-
ducoa III hia Senatorial bosom. lie oamo all tho
way from Washington to DO mato happy by look
Ing at tho Convention, and to inspire It's notion,
not by words, not by reason, not by pron.-
isost but by tho silence Of his presoncol
8uccosutal, indood, WAS Ills retioonco,
for everything almost that tho Con-
ventlon did WINS, Judging from hts Bpoooh, az ac-
ceptable to him rs II Alr, Logan hnd had groat
doal to do with lts deliberations, and had given
It any amount Of advice. Ho approved, ho said,
Of tho first resolution. 1Io approved Of tho
resolution OIL groonbacka, a,-approved OF 1t quito
aa much as 1t ho had advised 1t himself, and Al
II ho hnd Influenced tho deliberations Of those
who originated 1t. Indeed, lo approved Of ey-
erything the Convention did.
Mr.. Logan Booms to hive ]aborod undcr tho
Illusion that some poople III tho country want to
abolish all ourroncy-to cancel tho grocnbaciss
anl givo nothing in their steal. What else can
ho mean wheu ho says: 1.-THE cancellation Of
groenbacls moant wiping out tho only currency
with which dobts might bo pald, aud tho b,sl-
noss Of tho country carried on? Aud, Us if
any ono ever pretended that It were possible to
do away with our prosont currency boforo We
woro ready with something batter to take it's
wi. L. 11,,&u fc
discharge its obligations in hard money, it would
be wrong to deprive tho people, Of tho only medium
of exchange they possess It is evldont from
thts that Cimmorian night roigns in tho mind of
the learned Senator on the currency question.
uc don't givo up tho greenbacls ourronoy,j bo-
cause then we would havs no money at allt And
what crushing argument against tho resump-
tion OF specie payments is this, "Thore is not
gold md silvcr enough in the pockots OF the
whole Convention to pay one mans taxes"
There ia abundant evidence throughout tho
Hpooch Of tho sonator'a dread Of being cousid-
erod ropndiator. uo would otrepeal the Loyal
Tender act. because TINT would bo ropudation Of
tho contract botweon tho bill-holer and tho Gov
ernrnentl In other words, when tho Government
says it will enablo it to pay B III depreciated
30, for not to do it would bo to ropudiata its
contract with A; all OF which speaks volumos
for tile tondornoaa Of tho 8onatora consccnco.
hTr. Logon iuHisted he was not an inlationlst;
yet ho would giyo tho country about $780, 900, 900
moro currency In order that 1t might hayo
quantity Of currency proportionatc to its magni-
tudo, for lie says that the United States has not
two-tlirls tho amount of currency In proportion
to it's wealth and magnitude of any other civilized
country. Immediately after this, with most
remarkable logic, he adda that ho docs not know
that there is not money enough III the country:
that whether shore Is or not must 10 determined
by business Pity lo did not act IN this principle
all through tho winter, wllon Instead Of allowing
business to dotermino tho quantity Of currency
tho country needed, he was eudeavoring to de-
tor1nuo 1t himHolf. And as If this woro not con-
tradicton enough, after promising that lie would
not say there was not money enough, he violates
his promise and quotes "from tho President" to
show tho country had not money enough. Tho
paralysis of induatry demonstrated there WAS not
sufficient money in the countryl
As he could any that there was aud WAS not,
money enough in tho country, and that tho
demands Of business should aud should not,
regulate the volume, 30 Mr.. Logan both op-
posed aud favored specie payments In one and
tho Same BREATH "He was not opposed to
specie payments; Atill ho "belioyed in groen-
back circulation to carry on the business Of tho
country" Ho agreed that Il when tho Govoru-
mont lad the abittysto resume it should re-
Bumo''; but assured tho Convention that when
the tin1o would como no one know or would
know, for "neither he nor any ono olHc could
aay wl1on they could rosumo and koop paying in
specie" Thus 1t aooms that Mr. Logan is not
opposed to specie resumption and TINT ho is op-
posed to it; TINT he likos tho grconbacka and
docs not like them; that he docs not know
whether tho country has money enough Or not,
and ut tho same time is sure that 1t wants moro;
and that there is stagnatton Of industry
because there is not money enough in tho
land; and that We ought to haye one-shtrd
! moro currency than wo havo, that ia S250, 0,0D0,-
000 moro or thoroabouts; TINT buaiuess itsolf.
! and not Congress, should regulate tho volume of
tho circulating medium, and also that Congress-,
and not business, should do tho same; that lie is
not an indatloniat, but wanta more currency;
that the Government must resume Bpooie pay
menta whom ablo to do 40, but that no one can
tell when that time will como; tint tho tlme
will not CONC till we commence selling moro
than We buy, and nobody knows when that will
be,-to believe oil Of which requires mental
constitution so unlike that of Hane or Hober
mnn that wo arc In doubt what category to plaoe
our John in while lo was propounding this
string Of paradoxes.
.--:..E~%NNe.---@.-.4.--..-
THE GERMAN VOTE.
Tho 1lopubican staso Convention OF Illinois
adopted resolution On tbo liquor quogtlon
which is calculated to offend tho temperance
peoplo without satisfying tho dormans; aud, as