, 1874-08-29
PARTIES AND THE CURRENCY.

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PARTIES AND THE CURRENCY.
A rcylow Of tho present attitude Of poilttcs1
parties on tho question Of national finances pre-
soua aomo extraordinary facts. In the aix Now
England Slntea tho Democratic party succeBn-
fully rivals tho Republican party In demand for
an early restoration Of Hpeolo and tho paymont
Of tho national dobt in coin.
In New York, both parties occupy tho eamo at
ttudo Oh this subject. tho Legislature at It's latc
session, by an unanimous vote, protesting
against Intuition. md insisting on spocio TO-
sumption. IL Now Joraey, Ponnsylvantax
Dolawaro, mud Maryland, both purtlcH tnko tho
samo Wow Of this question. It Ia not until tho
Ohio River IL reached that t1oro Ia any diversity
Of opinion. Ohio ID represented III tho Senate
hy oup Democrat aud ono Republican, botl, Of
whom favor specie resumption and oppose lnfla-
tion. The Republican party IN doubtful on that
question, willie tho Democratic Conycn-
tion actually treats Bpooio payments as
an OWL to bo. avoided az long rs possible.
In Indiana. tho two Senators aro Republicans,
aud both inaationiats ono OF tlom la can1-
date for tho Presidency. The Democrats Of that
srato have also candidate for tho Presidency.
and: subordinutipg all other tnattors to tho pcr-
eonal elevation Of t1cao mon, tho two parties In
Convention havo been engaged in outbidding
oach othor for popular support by dishonest
propositions to dobase tho currency and to do
grade tho national credit. Perhaps III no State
In tho Union, not evon in Mississippi OF South
Carolina, has public opinion, SO fur os the aamo
III represented BY tho political parties, settled
upon auch low pauo Of commercial morality as
in indiana.
1u Michigan, tho Republican party has had an
overwholn1ng majority for many yoars, aud IL
now represented in tho Senate by Moasrs. Chand-
ler and ForrY. Quo Of these, Ferry, is m it,
1ationst Of tho Morton school, and tho other
Is opposed to imitation. At tho recent Convon~
tion Of tho party, tho Ferry faction obtained
CONTROL uad placed tho party In That stato along
aide tho Democratic purity In Ohio. Gu tho
other hand, the Opposition at thclr preliminary
Convention adopted platform similar to that
adopted In Illinois, nna agreeing substantially
with those in the Atlantic States.
In Illinols, the Republican mcmbors Of Con-
gress with two o1ooptionH} and tho two Semi
tors all voted for inl1ation and against tho pres
dont'a veto. Tho Democratic 1nembers Of Con-
grcss, with one exception, voted tho sumo way.
Tho declared policy Of tho Congressional delo-
gasionR WAS therefore in favor Of iu1ation. The
Republican State Convention, whtlo refusing to
indorBo Logan aud tho other Republican
Congressman, also refused to indorse tho Pfesi-
don't, and dodgea tho real question at iasuo.
worse. Next comes tho Democratic Convention,
including a large number Of Liberals from other
parties, favoring spocie payments. opposing in
Aation, and insisting upon tho payment Of tie
national debt ia the money recognized by the
world.
aison take ground in opposition to imitation, In
favor Of tho resumption Of spcclo payments, aud
In favor OF HI honest payment Of the national
debt.
1u Kansas, the Republicans incline. like those
Of Michigan, to imitation and Reputation, and
| tho opposition ID hkaly to follow aule.
In Missouri and Kentucky. the Democrats
adopt the bad platform OF their friends in Ohio.
aud tho Republicans hago not tho courage to
differ. In Nebraska and Minnesota, there havo
been no conventions yet held, but tho Kopub1ic-
| ans will probably follow thoir party in h1ioLi-
gan while tho Opposition will not materially
di1ror from thom.
| In tho moro Southern States, tho question OF
| tho social equality Of tho negro for tho timo
ovorrnles nil Others but tho prevailing sonti-
mont is for m imitation Of tho currency. The
favor OF hard muney.
| sucl IL tho extraordinary condition OF parties
on this, tho most important question OF tho day.
| Ohio, Indapa, Missouri, Michigan, and Illinois
have aspIrants for tho Presidency, and tho party
policy III theso States on tho currency quos-
tion LAS beon shaped mainly with reference
| to promoting tho chancos Of those can-