The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-11-18

We do not believe the resumption act vii
amount to anything but preparatory distrust
by It's repeal after IL has wrought vast evil 70.
business.-Cincinnau Gazette.
The Republican party is unmssking ITSELF
The above confession, apparently endorsed
by the Journal of this city, Is about as alb
Ject confession as ever comes from the
heart OF total depravity. The Republican
party has been charged with legislsting in
the interest OF the money power. Here is
the confession. II is open aud plain, and ss
such must be good for the Republican soul.
They pass a measure. devised in solemn and
deliberate caucus, that pretends to be
pledge TO the people of resuming specie pay
ments, and relieve the country of the evil
OF deprecated currency. They go before
the country aud claim a continue
ton OF patronage upon this meas
ure, proclsiming that they favor resump-
ton and resist Reputation; and they SCOT
at the national currency as a rag baby, and
vapor loud and long over honest money.
That this was all mere hypocrisy they now
admit. The resumption act, which was to
give hard money in 1879, now becomes
simply q lever by which the money power
can terrify and bull the money market
Instead Of being pledge to the people of re-
sumption, 1t is a preparation by which
money sharks can prey upon the creditor.
The Gazette admits this, and its admission
Is a confession of infamy.
Here is the financial situation. We have
a currency that is not redeemed on present
alton in gold, because the government has
not the coin to redeem it with. The Repub-
icans have told the people, by this resump-
ton act, that they provide for its redemp-
ton, and hence claim to be, par excellence,
hard money men-to be in favor OF
honest money. The Democracy say that
resumption is impossible, and that
it is impolitic to decry the cur
rency; that we must do the best we can under
difficulties, and continue to receive the
greenbscks until the government can pay
gold for them. Hence, in the elegant phrase
OF the Republicans, we are nursing the rag
baby. That the whole matter. as presented
by them, is shallow sham, will DO seen by
a moments reflection. Take away q day for
resumption, as the Gszstte now claims will
be done, and what is the merit OF their hard
money bossting. 1t dissolves into thin air.
Hard money, when? When the govern
ment can pay coin? Well, who is not in ia
vor of that2 aud how can the Republicans,
upon the Gszette's programme, be any more
ia favor of hard money thar the Democratsf
Nobody opposes the government In paying
coin for Its obligations when it can do so.
But Democrats opposed mskiag the necessi-
ties of the government an occasion for money
sharks to create "distruss and terror In
monetary affairs" as the Gazette says the
resumption bill has done. In this Demo-
Gratis have been charged as in favor OF dis
honesty and reputation. Out upon such
shallow and base Hypocrisy This whole
scheme OF the Republican party, playing into
the hands of Wall street to effect a meme
tary crisis, is, as it reveals its cloven foot,
becoming very disgusting, and 1t will be a
great pity II there are found Democrats who
shall divide the counsels of the party, called
TO battle against such an inscriptions foe,
by chimiug in with the senseless Republican
cry Of hard money; when it is nothing
bat the echo Of mere sham. In the