The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-06-20

steadily opposed contraction ever since /
have held scat IN the Senate. But
have also opposed imitation. Certain mon
hope 10 embark the Federal Government
/: Ia al manner Of schemes Of internal ar-
proyement that could not fail, IL under
taken aud prosecuted, TO double the public
debt and immensely increase the burden
Of taxation, already too great, to say moth
ing Of the corruption that would surely
follow, and Capitalization Of power in the
Federal Government that would necessarily
result And then there are other men
who favor imitation because they believe it
would eventuate in Republication. And
then there arc yet Others who have their
own particular axes to grind--men who
arc anxious to unload their unstable
lands, stocks, &c. There are doubtless
very many good people who believe in
imitation because they have been misled
BY the sophistries Of the infationists and
the delusige cry Of ''morc money as If
the wealth Of the country could be added
to By stamping bits Of paper, or by the
Government issuing more promises to pay
and thereby increasing tho public debt.
Reflect little, aud YOU will discover that
not one dollar can be added to the actual
wealth of country except by labor. The
nominal value Of property or labor may be
increased by depreeiatiug the currency,
but the actual value is not enhanced one
cent. And yet there are pesple who
think, or at least pretend to think, that all
we have to do to get rich is to set the
printing presses to work to strike off
pictured shin-plasters
"Do you know" asked the Judge,
show absured it is for an inaationist to
condemn me for voting against the bill
that was vetoed Morton and his follow
ers meant by that bill to increase the
currency, but they did not understand
their own measure until after Il had
passed. Had it become law and been
executed in conformity to law its practical
effect would have been to contract the
circulation. Its immediate effect would
have been to lock up within thirty days
about s40,000,000 Of the bank reserves
that are now in circulation, and | am
censured BY infationists for voting against
measure like that. The truth is that il
was the most laundering piece of legisla-
ton | have ever seen in my life. Had
Ora signed it the inAationists would
have been compelled, in order to counter
act its effects, to pass another bill, and with
the least possible delay No doubt they
would have done so, and thus in the end
have accomplished their purpose. But the
bill they did pass was from their stand
point utterly absurd, and if not afterwards
annulled would have done much mischief"
The Judge stopped speaking, and |
said We'll, Judge, you talk like an old
fashioned, hard-money Democrat" "And
that is precisely what am" replied he.
"You remember" he continued, "that
when We were much younger than We now
are one Of our State conventions adopted
brief resolution like this:--a Hard money
is the only currency that defrauds no
mau.' l think those are very nearly, if
not the exact words. Well, drew that
resolution because | believed it to be true.
The Convention adopted it. 1t was the
chief plank in the platform, and we carried
tUC RtdkG. ~ was again anu
again by subsequent State conventions,
and If you will look at the election returns
| think you will find that we were gen
orally successful when that was our chief |
plank, and last year we put sound plank |
on this subject in our platform and We
redeemed tile State. The Democracy of /
New York adopted it and redeemed their
State. This spring New Hampshire and
Connecticut stood upon it and they are
redeemed.
"What do you think of the prospects in
Ohio this fall ?"
"The hope of the Democratic party lies
in adherence to Democratic principles.
Whenever it wanders off after strange gods
it incurs defeat, and it viii ever be so.
We have better material than we have
had for many years with which to achieve
victory next fall, and if we lose the op-
portunity it will be by an abandonment of
principles. - CneiaHati Enquirer.