The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-09-30

III As IAE ErtccStiL& tIc
as: q Isl tie a1s and honar Of tie - try
s sa g as IT tie sSa Fl haa
ao~n the colaTs 81 repadiation; He turned his
gsh RS IRE record 7, Ct peaT @ sss f.. Mr.
plank % the platform all to himself
/ THE PAST RECORD.
/ The Democratic platform of Indiana not only
fayors the direct and explicit reputation of two
acts OF Congress; but i turns its back upon its
( two short years ago. The national Democracy
STae public credit must be sacredly maintained
and We denounce reputation il every form and
gp,se
lie debt as saeFed2 The answer is easy: Every
knows that this declaration OF the Balti1n Con-
vention was directed at the very scheme new pro
posed by the Democratic party Of this State and
other parties of the West. The Republican par
y is opposed 70 repndiaton, open OF eoyert-ref-
believes IN honesty and far dealing; 1t regards
penaipe. he '0 history Of the world
proves that reputation is bad econ
repudstad part q her debt ~ rev Compelling
her creditors To submit to loss. The London tx,
her bonds were not permitted to appear in the
quotation gazettes- Sac was Practically excluded
trn enc enerprs Ws looked A ason Wiz Soa Sy
capitalists. Even Hungary was denied credit be-
The State OF Mississippi brought itself into
lasting disgrace by reputation. W. ought 10
faith is worth money. National credit is an es-
seatial element OF national wealth.
| But the Democratic party did more a Baltimore
than promise TO maintain the public credit; y
lar fe resaSed ta
SPEC Y return to specie Gaymsnss was az
lcommercial morality and honest govern,
ment." DO not considerations of comm erelal
u and tbs6 9 naey M sped
payments? Has this new poitcy been brought
about by any change within the last two wears in
the situation OF eur national fnaneesY Our vol
ume OF currency IS the saInei 1t has not depreel-
has been steadily diminishing- Why then this
change in Democratic policy? Are the conditions
"a eats taan they were two years ago! Is there
now that did not exist then that would paIilate
the iniamy OF reputation!
THE AEoLIrIos OF THE xAr1oyALB4SEs.
An essential element in this democratic plan
for unsettiing values and REPAID .allng plsdges Is
am by no means the champion of the national
banking system confess l can not see the ne
firs the abolition OF this system would involve.
form vo ans Of about the sgs
tenn has been IN existence ten years
Their bills pass current at every counter and in
svery state, and thSs supply esery purpose OF
the greenbaek in its purchasing power. is well
secured. and fuctuates little less in value.
The bank motto is subject to taxation-it goes on
the lists and brings its tribute to the treasury.
The greenbaci pays no duty. Democratic inan-
eiering would give US d currency that would who'll
But. suppose You strike down the national
banks. Some other system will take Is place.
TO commercial people banks seem indispensa-
bic. Can we hope to supply better system or
design to re-inaugurate the reign Of wild cats
again in Indiana2 In my opinion. the attempt
t nHs TO nasona cams Woad d
astrous. ~ This system is interwoysa
most intimate relations with all our business in
ing capital. Capital is cowardly ami creeps out
of sight upon the slightest suspicion OF danger.
To disturb system so long established. SO exten-
siye in its operations, and so tavoraoly known. |
will, in the very nature of things, create uneasi-
nnd p ana proeeed from iost eendence Willie
the Democratic party is readjusting the currency.
and f building up another system of finance. the
country may be ruined. This danger is not i'm
legations of peoplo for nearly 81 900 goo 900.
They have due them, from the citizens Of Indiana /
bills in circulation 1854 100000. Repeal the law.
let the banks recall their loans and Withdraw their
result9 Do you imagine that all would go
smoothly on, in the business and commercial
stand still? Are the people, in the present condi-
ton of atfairs-stili suffering from a, financial
suggestion of the currency tinkersl
The Republican party proposes no danserous
the people . currency; tley have tried it thor
eughy, end are satisfied that it is sure and stead
teets of the system to correct its abuses and then
let well enough alone. We believe one of the
stobty But the e Repubiesn pary
the ps9ps BY yous the
it promises to protect the people from the evils
and iaa Of sudden and
contraction the other 1t proposes to strike from
ture Of monopoly. ana make it free to all De |
sir.ng return to spee.e payments ), 1t wisely de
SUMPTION shall take place. 1t leaves the govern
n emit to resume when it becomes able to do so. |
The road to RESUMPTION. believe. lies through a
rigid economy in all expenses. faithful coiIec-
ton and honest application OF cur revenues; an
of the foreign demand on for gold ''by going |
to own workshops in preference to those of
than amt hoe p abe I'D o 0d 70 tRs
must add the payment OF our debt as rapidly as it
ton upon the people. II resumption cannot Be
brought, about by policy like TINS. it will never
come. " c cannot return to specie payments now,
b bPfas 'H Ssa exempt Re.appt1Sn g "0do
Legislative declaration make my banknote equal
to yonr gold dollar, But the Republican party
than mere theories. 1t presents its work already |
Congress and shows diminution of S2a, e0a,0oo as
compared with those OF the previous session. lei
people nave been relieved from duties and taxes /
equal to 5Qo,oreg0J annually II points 10 the /
rointees hare been discharged from service, thus
saving St.ea,O19 more yearly TO the treasury The
ped Dn ns Pfeh a isss
over $50 GO 600 of the public debt has been paid.
Home industies and home labor have been pat
ronizsd and encouraged until expo~ts last year
resched the unprecedented sum of So49. $1,000. +
No broken pledges. violated promises erTepu-
not all. The Republican party brings 70 the PEG;
pie u large experience and proofs of practical /
ssatesmsushp- For fourteen of the m est event +
fu and dhealt years OF the Republic, 1t has been
the arehreet OF its financial systems. and in the
most perrlexinE eInergencIes 1t has shown ITSELF
elnsi 10 the hour. When the war had drained /
Of last daffar crd
Democratic party opposed its every measure. il I
crested q new curIsDcy-a currency then scoaedI /
and sneered ct By its opposers. but noE confessed
iy the popular and faEorite currency CT tie peo-
PIE" Republican policy has so imposed conf