, 1874-06-18
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ILLINOIS AND INDIANA,

ILLINOIS AND INDIANA.
Tha Republicans Of Illiuoia and Indiana hold
their State Conventions yesterday at Springfield
md indianapolis, and camo to somewhat dis
cordant conclusions on tho currouoy question.
Tho Illinois Convention adopted thrco reso-
lutions: ~ Opposing any repeal Of tho Legal
Touder net; (2) in favor Of froo banking; (9):
That NO roanasna tho declaration OF tho Nationai Re-
publican Convention Of 1872, III favor Of roturn to
speclo payments ut the earliest practicable day.
Tho Committee on 1icsolutions had reported
an additional clause in thoso words:
That ne are opposed 10 my increase of lesh1.tener
notes, md IN favor Of a gradual rctiromcnt of tho
sumo the volume Of National Bank nooa shall DO
increased.
This clause was strlckon out by the Conyen-
ton, aftor a somewhat axcitod debate.
Tho platform Of tho party, therefore. atands In
"at tho earliost practicable day." Tie National
Republican platform OF 1879. which Is pretended
to bo raahlrtnad, aaya ia speody raaump-
ton Of speoie payments" These Is d
material difference in the phraseloogy.
Tho platform Of 1872, taken In contunc-
ton with the president'a voto and Its monlorau-
dun to Jonos, would amount to IN inloraomont
OF tloso documents In tho main. whereas sBpocte
payments at tic earliest practicable day" leaves
gap for tho Imagination as wido as from July to
eternity. Nevertheless tho Platform, In this par-
tioular, is hotter than that adopted by tho Con-
vontion held at Springfield ono week previously.
Tho clause which WIS rejected would havo re-
loved 1t Of al ambiguity. and would lave on
titled 1t to higher respect than 1t will now ro-
ceiyo.
The Indiana Republicans. on the other hand.
have pronounced for imitation, both by resolu-
ton to that affect and by special Endorsement
j OF tho course Of Senator Morton. (senator
Logan was not similarly favorod.) The rosolu-
tion is curiosity in It's way, but OF its meaning
there can be no doubt. 1t calls for FREQ banking
tributcl "botwcen" tho different scctiona OF
tho country, according to population, Us will
"ayoid" the possibility Of capitalists control
| ling tho currency OF tito country. This Uoull
secm to call, first, fora FREQ banking law Soc
ond, for IN issue Of grconbacl1s. tn bo bestowed
upon the people pro rata, according to tho Inst
census, in such amounts na will prevent capital
ists from controlling capital All this is to be
1ono in such manner aa not to impair tho credit
Of honor OF the nationl 4 most lucid and VAL
| uablo conception, truly. But there is no
mlstnklng its meaning, oVon without the
| emphatic comInondation OF the courso Of
Senator Morton. Neither in phraseulogy nor
in iAt9sfa tha platform I. whit better than that
Of the Farmors' Convention at Indianapolis laat
week. Tlero is not pin to ohooso botwcen
them. Both contain tho germs Of repudietiou>
It would not DO at al surprising If it should turn
out (niue years after the War; that tho only
party in Indiana in favor Of nu honest payment
Of tho public labt is tho Democratic party. But
wo will not anticipate. The Democrats may
adopt slmilar platform-in wlicl, case it will bo
tho duty Of those who arc in favor Of an honest
currency to hold convention and nominate a
ticket Of their own.
There IL q blue outlook for the Nopublican
pnrty In both these Ssatos In Illinois, tho party
hab been domcra'izod by it's leaders, and tue
leaders aro now demorai,zea by the party. Hay-
ing been told by thalr Senators at,d cougrcas-
men that the stagnation Of business is duo to
lack Of currency, many Of their votors will now
drift away to tho party which promises to give
them mora currency. With what face can Logan
ind og!osby entreat thom TO stand by tho party
when the party itself has gone back On Logan
md Oglosby7 Then the financial criala, which
ia still grinding ith areary grist evorywhoro, vii