New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-10
TPTCELING TO INFL1TION.

The Democratic politicians at Erie have con-
clnded that les is to be feared from the
detection of the hard-mODey voters of
their party than is to be hoped for from
tie support of the 3.65 and other iniia-
tionists who have htheitO voted with the
Republicans. TIE example of Senator lhIr-
man and the recent performances OF Judge
Kelley appear to justify this calculation, which
is indeed eminently characteristic of the gentry
who devote their talents to the formation OF
platforms and the manipulation of conventions
If the opponents of quack money are willing to
sacrifice their convictions in order that the
politicians whose colors they wear may gain
fleeing victory at the polls at the cost OF the
credit and honor of their country, we may
as well concede triumph for initiation not
only in Ohio and Pennsylvania, but
at the National capitol. The Presl-
dents veto of the Initiation bill passed
by the last Congress is the only rebuff the i'll
flationlsts have received for eight years at
Washington. That the currency has been
contracted by the Republican party durina
the last fifteen months il sheer deiu-
sion. The eight millions in grconbacks
which Secretary Bristow has retired under
tho act of Jan. Ia, 1875, have been
replaced by ten millions of incOnveriiblc bank
notes, every dollar of which is just as efficient
in dcpreciating the currency "A the GrcenDach
it displaces. The bank circulation which has
been surrendered, and which forms the basis for
the charge Of contraction, was voluntarily
given up by the banks. Nobody forced them
to refine it. The majority in the last Con-
grcss were as far from tOreseeing its with
drawal as Andrew Jackson and Thomas II.
Benton were from any foreknowledgc
of the present suicidal folly OF the Pennsyl-
yania and Ohio Democracy. These are facts
which those who think it an easy matter to
escape fresh dcluge of assignats cannot too
soon take into serious consideration.
In speaking of the Ohio campaign we have
said that the appeals for popular support
made by Allen aud Cary are far more dis
graceful than the platform itself. We can
already say that the manner in which
the Pennsylvania Democrats have mani
tested their devotion to rag money Is
more indecent than their formal proclamation.
We trust that our readers will read with care
aud as much GOODNESS as they can bring to the
task, the particulars gwen Ivy our special cor
respondent, liz whose fidelity and capacity VIC
place the fullest confidence.
Several weeks ago the Pennsylvania Repub-
licans declared for free banking (Which is in
lation 80 long rs banks are not required to
pay their notes in cOin), and currency adj
justed to the "0roring wants Of the business
Interests of the country" year ago
the Pennsylvania Democracy were in
favor of "a steady effort to bring the Gov
eminent notes to par with gold, and to Sc
"cure return to specie payments at the
"earliest possible period that resumption
"can be effected with safety" Yesterday,
by a two-thirds vote, they turned their
backs on honesty and common sense, Brindie-
ICED the rag money planks of the Ohio plat
form and adopted them root and branch. We
explained the other day what Gen. Brindle
understands to be the Specification Of
the word dollar. That Interpretation the
Pennsylvania Democrats have adopted,
also declaring for Brindle's g full
illegal tender" based on all the prop
erty of the country, which is never to be
taxed one silver for the redemption Of the
paper. "Full legal tender" in the Brindle
jargOn, means the receipt of greenbacks
for customs and the reputation of the
guarantee given to the public creditor
that duties on imports shall be collected in
coin. The Pennsylvania Republicans cannot
now with any reason count on the support of
Mr. kelley and his tribe. Tho "happy adjust
"mens" of the late Congress appear not to
have been such cOnsummate triumphs of states
mansbip after all