The daily Argus. (Rock Island, Ill.) 1873-1877, 1874-07-28

other reforms l would reject your frs
plank. When we have specie payment
the notes of national banks will be as goot
az gold, as they are amply secured by de
posts with the general government. /
makes no difference to US whether we pa,
interest on our bonds to the banks or t
capitalists in Europe. The very cry tina
we are paying interest to the banks goes Il
show that they stand upon a sound fnan
cial basis, and that a holder of their note
cannot lose if they should fail. In orde
to hush the hoarse cry Of monopoly, as ap
piled to our national banking system. WI
propose to make banking free, on givins
the required security. When that shall
have been done, | am unable to conceive
Of a single sound objection to our present
banking system.
There is a very fatal error, in my opinion,
which you committed after giving US youl
platform. Yon say: "A platform en-
bracing these principles, and then the nom.
~ination of Messrs. Gore and Etter, would
carry the State" Permit me to differ with
YOU upon that point most radically. AS 6
citizen of the United States and of the
State of Illinois, | have an interest il
the formation of every political party
The integrity of the parties is the in.
tegrity of the people. Gore and Etter now
stand upon a platform which we mutually
consider romeo They are the nomi-
nees of the Farmers party, and favor cur
rency expansion. They accept their SIT
uation.
No one will deny the proposition that
no person can ride two horses at one and
the same time, when each horse Is going
in the opposite direction from the other.
Horace Greeley tried it when both horses
we're going very nearly 10 the same direc-
ton and ingloriously failed.
Gore and Etter are now riding a horse
labelled currency expansion and are
running directly on to repudiation. Should
tbey attempt to place one foot upon a
horse going in the opposite direction, and
christened specie resumption" and run
ming on to premium credit and sound
financial basis, they would surely fall be-
tween the two. as they ought, ii they
would accept a nomination from both con
yentions. In State politics at least. we
need a third party; one that will stand by
the interests of the people and support
and maintain the credit and integrity of
the State. Perhaps such a party cannot
carry the State this fall, but it will show
to the world that a part, at least, of tine
people of Illinois have not become so in
as to defy all commercial laws.
| believe in the formation of such a party.
but not nominate Gore and Etter.
The people during the war, and for a
afterwards, voted for the nominees OF
the Republican party because they be-
lieved the Democratic party to bein league
with treason. That time is past. The Re-
publican party of to-day must stand as
parties stand-upon the purity of
its principles and its nominees.
No man can be elected to Office now,
because he is a Republican nomi-
nee. AS the congressional conventions
have not as yet met, | am unable to say
whether | layer convention to make a
for congressman, or not. IT
John b. llawley is renominated, | am
fearful he can carry but a small fractional
part of the Republican vote. There are
seventy five voters in this town. Haw-
ley would carry, proba bly,, about the odd
five, leaving seventy to vote the Farmers
Anti Monopoly, Independent, kangaroo
ticket, or stay at home. The finger Of
destiny points lhat way IL suci an event
happens, there will be a splendid opportu-
nifty for a third party. And such a party,
whose platform is based upon sound eco
nomical principles Of government, would
be hailed with joy by hundreds who would
otherwise vote against their convictions or
stay at home and not vote at all. Per
haps we shall need an Opposition party
-one that is opposed to the sectional hate
and wild financial schemes Of the Far
party, and to the corruption and in-
famous CAUCUS system Of the Republican
party. Shall we have such a party
Time alone can tell.
N. j. HUBBARD.
Canoe Creek, July %. 1874.