The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1874-08-27

4
sit on to destroy this system Involves
a radical change in our finances, the
ca ling in OF 5000, 100000 Of loans
these banks have made to the peo-
pie, and the vast arrangement, dis
tress, and contraction incident to
the passage to another aad new
system. The principal reason for
this proposed change is that the Gov.
ernment is paying interest to these
banks upon their bonds, which, it is
alleged, is an increased burden and
expenditure. This argument ought
not to deceive an intelligent person.
If these bonds were not held by the
banks they would be held by some
body else, to whom the interest
would have to be paid. The banks
are required to buy bonds aud depOs-
it them as security FOR their notes,
whicn notes they must obtain from
the Government, paying the expense
Of printing them. There is q safe
quad against over issue, while zoe
deposit of the bonds makes the note
holcer and the Government absolute
ly secure. Bat il the ra.;onal bank
notes are to be rep. aced by green
backs, there must be new issue OF
1854 900, 900, making the aggregate
amount $736, 100000. If tie Gov
ernment cannot obtain the gold to
redeem 1882, 900 900, where will it
get the gold to redeem 1886, 600, 900.
and If inc return of specie payments
be desirable, and it is hindered by
the impossibility to redeem the ex-
listing greebacks, what is to be done
when the amount is increased 100
per cent. The day of specie pay
ment is postponed at least ten years,
and according to the generally re-
ceived theories, this will add largely
to the depreciation of the greenbacks.
In the act of l846 distinct pledge
was given that the volume of green.
backs should not exceed $400,000,-
900. The position of the DemOc"a-
cy is beset with conflicts and diff
culties. When chief justice Chase
decided the acts Of 1862 and 1863
unconstitutional, the Democrats sus-
tanned the decision, and when two
new Judges were appointed to the
Supreme bench by the President,
and that decision Was reserved. the
Democrats cried out against a pack.
ed court. During the rebellion,
when greenbacAs were q necessity,
they denounced them with every
epjthet at their command, and de-
MED the power to issue them. In a
'time ofprofound peace, to gain a
political advantage, they assert the
power, though it would involve a
broken pledge, and is stripped Of
the plea Of necessity.
NEGRO PREJUDICE.
The Democratic Convention
"viewed with adherence" the at
tempt to take control of all the
schools, colleges, churches, hotels,
railroads, steamboats,, theaters, and
grave yards, for the purpose of es-
tablishirg negro equality, and they
"arraign Senators Morton and Pratt
for their votes on tins Infamous
measure" / arraign the authors of
thi resolution for gross ignorance of
the civil rights bill. 1t does not take
control of any of these places, but
simply makes it penal ofense TO
deprive a negro o. his equal enjoy
ment Of these institutions because of
his race and color. Ii colored chill
dren enjoy the equal benefits of the
common schools, though inseparate
schools, the Civil Rights bill is com
piled with. The Fourteenth amend
ment makes all colored people Cit
zens, places everybody on an equall.
ty, and the constitution OF the State
OF Indiana makes it the duty of the
Legislature ITO establish and main.
tian a system of education the bene-
fits of which shall be open and free
to all. What more does the Civil
Rights bill in this behalf than the
State Constitution ? The superior
Court of Marion county, in decis-
ion rendered by Judge Perkins, a
distinguished Democrat, and for
many years a member Of the Su-
preme bench, declared that colored
children have equal rights with
white children in public schools, and
could not be excluded from their
equal benefits and enjoyment. The
old bugbear Of social equality, which
has SO often done service in the case
of Democracy, is again paraded to
alright the soul of those who do not
feel confident Of their social positions.
The school, hotel and graveyard
questions are about the best hold
the Democracy have upon the preju.
dice against color apd race, aud we
must expect TO see them make the
most of them. The future is long,
and revelation, history, and reason
alike teach Us that justice and the
right will triumph in the end. The
doctrine Of civil and political equali-
ty has been firmly intrenched inlthe
Constitution, and, notwithstanding
the obstacles thrown in its pathway
by lingering prejudice and the Ell
gency Of parties, will march TO q
speedy and final triumph. The
Democratic party g pledged by its
Constitution, it's history, affiliations
and hopes of the future TO undying
hostility to the negro race. The
Republican party is pledged by its
immortal history, by its sacred prin-
ciples, TO stand by the five millions
of new born freemen, and must con.
tinde to be in the future, as it has in
the past, the party of liberty, esuali.
ty, justice, and the indiyisible union
Of the States. Without any apology
for the corruptions and disorders in
the State of South Carolina, or else
where in the South, the Republican
party recognizes them as evils Deces-
sarily resulting from the rebellion
and the disordered condition of So
ciety. For this disorder the Demo.
cratic party is responsible for the
mental and moral condition of the
negroes, slavery and its abettors are
responsible. For the preservation
of the Union, for the abolition OF
slavery, the enfranchisement of the
negroes, and the reconstruction OF
State Government in the South upon
the principles of liberty and equal
rights to all, the Republican party is
proud TO take the responsibility.
THE TARIFF.
The Democratic Convention de-
olerad for O tariff for reyenue iptepd