, 1874-07-17
THE INDIANA DEMOCRATS,

Gov. Hondrfclss 1aborod oarnostly Titus tic
platfor1n declares 'sthat wo aro In favor Of the
redemption Of the 5-20 bonds In greonbacrs
! accorling to the law under Which They woro
iasuod;" aud tin favor OF tho ropoal of tho
Inv Of March, 1860, which assumed to conBtrr1o
tho law 80 as to make auo!l bonds payable
exclusively in gold" aIr. Hondricls, In lin
speech, though discussing tho questions o +
finance and the currency, avoided all reference
to tho redemption Of tho bonds in groonbachs.
1Io left ths square Endorsement Of ropudiation
to tho Convention, and restricted himself to tho
expression OF IN opinion that tho present ctr
ronoy III not irrcdeomablo. On tho other hand,
tho Convention declared In favor Of tariff for
rovcpuo, while Gov. Hendricks expressed tho
opinion that all Our fnanclnl troubles, and espo-
cially tho depreciation of our currency, woro duo
to tho scarcity Of gold causod by the fact TINT
tho balnnce Of trado was always against u.s. to
pay which " tho red blood flows from the veins
md arteries OF the country" With all its reck-
lessnesa and stupidity, tho Convention was not
guilty Of tutoring such prepostorous nonsense
aB that.
This Convention oomp1etoa the record of tho
people Of Inlfana, SO fur az political conventions
can do 50, upon tho question Of destroying tho
national credit. Tint record iH in painful oon-
trast with TINT of the States Of Iowa and Of I'LL
nois. III Town, the Republican aud Independent
Conventions placed themselves on record in
favor Of honest money, aud declared That tho
obligations Of the Government, having boon sold
IN tho markets Of tho world, could only be pnid
in the worlds currency. The Republican Con-
vontion OF Illinois expressly ropudiasod the ill.,
fatfon scheme, md, although In Homo respects
cowardly mud equiyocal. was much moro re-
spectacle than my faction in Indiana.
In both OF thoao States the Senators Ind all
boon as deeply committed to shlnp!astar iula-
tion us the senatora from indiana Still, tho Re-
publicans of Iowa and Illinois, when called upon
to ohooss between the policy Of tleir Senators
and national honesty aud aound currency, chose
tho latter.
III Indiana. however, the Republicans ill.,
dorsod Morton and Ills ahinplaster policy, and
now the Democratic pnrty domagogues haye out
done their Republican rivals by IN open propo-
stion to repudiate the $40 bonds. Tho indiana
Republicans proposed to dobaso tho currency,
and tho Democrats havo now proposed to DRY
of tho coin debt of tLo nation In tho
currency debaaed by the Republicans.
We do not believe that tho people
OF Indiana have the least sympathy with oithor
Of thcso dishonest mud villainous schomos. Six
years ago, the Democrats Of Iutliana rushed pell-
men into tho Per,dletonian eohemo to Issue
groenbacks by the car-load, and ta1io MP all tho
bonds with t!om, and tho Republicans then,
having small faith in public honesty, adopted
tho Bamo declaration Of policy. Now, in 1874,
We have tho same discroditable performance
ovor again. except that the propositions 1ave
beon divided; tho Republicans under Morton in
sistIng on IN unlimited issue Of papor and its
consequent depreciation to tho lowest point,
while tho Democrats propose to forco
upon the public creditors this doprocatod
currency in satisfaction Of tho bondB.
Wldle the platforms of both parties on this quoa-
tton Gre unworthy tho respect or support Of any
decent cltizon, we regard that Of tho Democrats
as tho more fagrank Of the two. Tho Democratic
party has been long in tho minority, both in the
State and in tho nnton It had tried ovcry device,
including repudiatiou and groenbaol initiation,
without SUCCESS. Tho only policy open to it
which had not boon triod was honesty, aud TINT
policy it Ind not tho wit to aaopt. Its Nopubli-
can rival Lad proposed to wntor tho currency,
aud authorize partial Reputation OF all tho
private debts Of the country. Tho Domocracy
now propose to add to that tho reputation of q
part Of the public debt. They had tho oppor-
tunity OF roaasorting the auoiont and hon.
pred creed tint the only money In which
wagoa should bo paid was that which WIS
worth 100 cents on tho dollar tho
world over; that irrodeomahle paper money
was always subject to fluctuations, aud hence
could never furnish an honest measure Of
valuos; and that the credit Of tho Government
could mover be established on q firm basis until
ttB domanl obligations we're paid. Such plat
forul however familiar to tho Democrats Of past
times, would be now to most OF tho present geu-
Grafton; 1t would remind them OF their Sunday
school Lesson that honesty IL tho bent policy"
and it would appeal to tho Inherent integrity Of
every man in tho State. It would be connplcu-
oua among the political literature Of tho day,
aud wonld give ASSURANCE to tho country that
tho Democratic party was truo to tho faith OF tho
fathers who had adorned and sgna!izod lts his
Tory. But tho party in Indlana was unequal to
tho occasion. It placed oven lower ostima!u
upon popular Intelligence and honestly than tho
Republican Convention, ald now the two par
tieB enter tho oanyass zach calling for popu-
ar support, on tho ground that 1t has proposed t.
policy mors lagitiouu tlan the othor.
E-[[L--.....-A@---~-
Tho review Of the French army at Lougchampn
On Juno as Ia described as very splondia
lffair. Two hundred thousand people cams to
Witness 1t. The troops wore mnssel In oolumns
from tho grand ataAd OF tho raco-
COURSE to the Lois DO Bouloyno. Tho number Of
soldiers reviewed. waA 60. 600. THE review began
It o'clock, and conaiHtcd only Of nlagcl.