The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1875-09-16

renoy as to paraly2e, all legitimate bus-
ness, and leave labor in rags begging for
employment. know the opinion is en-
! tertained--for have heard II expressed
| by many--that the law is so clearly JIM
polite that its execution will not be at
tempted Did the President in his first
inaugural, not say that all laws should
be executed, whether they met his APP
proval or not2 But the law isnow being
executed. Many millions Of dollars Of
the bonds have already been sold TO pro-
vide the means for the retirement Of the
outstanding currency. Is this terrible
blow to fall upon the industries of the
country Ohio stands in the van, She
should make her great strength 30 felt
that even Senator Sherman, who report
ed the measure, will respect il in a move
ment for repeal If Governor Allen be
elected believe il will be repealed, so
great is the poyer,of the people, But
Senators Sherman and Morton in their
keynote speeches declared to'the people
of Ohio that tliisis the party policy to be
approved and stood by. May it not well
be claimed that Governor Aliens defeat
Is its approval and Endorsement by the
people? viii you then expect the Sen.
ate to consent to its repealP However
earnest we may be for return to specie
payments we can not wish 10 reach it
through the universal bankruptcy and u
fnghtful increase Of our foreign public
debt, Because of my strong belief that
this measure is fraught with calamity to
the commercial interests, to the indus
trial pursuits and to the labor Of the
country, have responded to the Com
mittee's invitation without reference to
many other questions that may be dis
cussed among you. Have you consid-
cred the reasons which Senator Sherman
says controlled his party in passing this
| law? lie himself wanted another meas
ure, whether better or worse than this |
need not consider He wished to fund
the Treasury notes until the residue
should be at par with gold. BY how
great contraction neither he nor can
say; how destructive to business no one
can say. Probably the country would
become streWn with broken fortunes, and
the highways filled with wretched men
seeking employment. His party friends
would not agree to it. He says they had
gone into the canvass of last year with
divided counsels, and the result was de-
feat. When they met last winter they
we're taught BY defeat that the party
| in power must agree upon some measure
and the result was the passage of this
law 1t is q strange statement-contes-
sion, may say-that law affecting
every interest ofthe people was the child
of party necessity Will YOU adopt it,
and rear it that it may destroy you?
Your decision will be in your vote.
..- -.
Sf|iH FAi MANi9'
Having stated my oRleclloll 10 the last
developed hnanclal poiTy OF the Admin
lstratlon and Its party! ! ask your per-
MISSION 10 read What sald 10 lhe people
OF Indiana last yean IN respect 10 specie
! PAYMENTS 1.-The expression in laNor OF
return to specie payments IS very gen
eraG bat the real question Is now and
when can That ,oe accomplished 30
long az the supply, Oh colnls 80 small Us
compared with the paper money It is
impossible The effect now would prob
ably result in commercial disaster The
people so believe No sentiment attrib
u,ed to Mr. Greeley III 1877 was more
hurtful to his political fortunes than the
| demand for immediate specie payments
! 10 render III possible, without hurJ TO
the country coin and paper must come
nearer together in quantity. They will
then. be nearer if not uniform, in value
How shall that be brought about? BY
reducing the paper currency? With the
present burden Of National, > ate and
local taxation, and the, large volume o
other Indebtedness to be provided for,
chat can not be borne. 1t would cramp
business and paraly2e labor No one
desires a return to specie payments more
earnestly than myself ford believe gold
and silver are the real standard of val
ues, universal and permanent. AS had
occasion once before to say, the exist
ence Of commercial mediums Of differ |
ent value, one description Of money for
one class and purpose, and9another for
different class and purpose, is too serious |
an evil to be long endured. All the |
money Of the country should be of uni
form value, and readily convertible. But |
we are not in that condition Our paper
money eXceed5the com by nearly five
dollars to one. Howwill we bring them
nearer together in quantity, that they
may approach and meet in value? Shall
@o commence at the top and tear down,
or at the bottom and build up? Busin-
ess, enterprise and labor, every import
ant interest of the country, demand that
the volume of the currency be main
tanned to meet their requirements, but
every interest will be strengthened by
increasing the supply of coin. How is
that to be accomplished? BY encOurag-
ing an increased production Of our great
staples that command the foreign mark
ct, by reducing our expenditures in for
eign purchases, and by reversing the
fatal olicy which has sought to
make our debt a foreign debt. When
we purchase less Of foreign goods and
sell more Of our own productions abroad
and cease to pay SO much of the interest
on our debt abroad, and pay it to our