The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-05-02


A lesser from Raleigh. n. G.. to the
Baltimore Gastlts, says
The fSs'z ii 6naoFsias Greeley i nov ID
mi<lsd s. Ill good Dsnoefnla; and the elee'
lion 81 Hsffini9n over Vance, the cauens
nominee. Iass winter, having created 40 schisn
u the parI9, 80 feel ready 10 do onr duty in
making Democratic President il ls7dl
Greeleyizm was southern idea, to
which the balance Of the country weakly
deferred The impoliey pf making such
: nan che candidate Of he Democratic
party, was clearly foresaen and deeply de-
plored BY the more sagaeioas Of the party,
and ended, as toretold, In utter disaster
Imitation Of the currency is another crotch
Ct Of the South, which in conjunction with
the West. IS clamoring for an expansion Of
paper currency From democratic stand
point it is about as sensible as the candi.
dacy Of Horace Greeley, aud as little en-
titled 70 democratic acceptance. II the
South would be redeemed by the Demo,
cratic party in 1876, il must not thrust
such issues as this before the people, and
suffer itself to be divided by matters Of
finance. It must stand as a unit with the
Democratic party upon the platform o.
jackson and Benton, and contend for !
hard money currency, with bank issue,
readily convertible into specie. Any 9th
er platform viii embarrass the Democratic
party, weaken its energies and strengthen
the hands Of the Radicals, thus deferrins
the day Of Southern deliyerance from Rad
ical domination, deliverance which car
come only through the Democratic organ
iEation. These remarks are called forth
BY another part Of the aforementioned let
ter, here subjoined:
With great present, and daily inereas-
ing need Of money, we Of the South, who arr
not sensible Of having been directly bcnsfifted
by the cause which created the National debt
are not disposed to consider the interests o.
our Eastern States first and our own next
nor to condemn National legislation, which
metes out only justice to as simply because I
is not wholly acceptable to New England
We do not consider contraction and imitation
from the same standpoint as the Eastern
capitalist. Ii they have all the currenc,
they want, We shall not envy them the pos
session Of Il; nor do We think the West and
South should be denied what is justly dne
them, even if the contemplated increase Of
greenbacks defer the day Of redemption. No
We are willing to see money more abundant
and to take the risk OF its enhancing prices e
a seriously injurious extent. =
The South falls into the error Of suppos
ing that IL money were more abundant, il
would necessarily have more of it in thai
section; whereas, no part Of the country
has more currency than is represented by
the products Of industry and enterprise
Every bank note represents its value in
some kind Of commodity, and if the South
would have more currency, il must send
forward more of the products Of its skill
and labor to obtain it. This seems to be
common sense view of the subject. 1t
cannot get greater amount of currency
without buying it with the products of its
labor. Neither bank notes nor greenbacks
are given away; they must be paid for,
BY an equivalent of some kind. This
elamor for more currency in the South
and West, and the expectation that it will
be grati6ed, without having the substance
to pay for it, is about as rational as would
be an attempt ito fill the belly with the
east wind" The South aud West mus
give more attention to manufactures and
commerce, and not conine themselves to
farming and planting merely, if they
would have money more abundant The
remedy is with themselves, not with Con-
gress or the banks,