Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-09-16
THE ETERNAL FINANCE CUES
TON.

THE ETERNAL FINANCE CUES
TION.
In the Virginia Enterprise, oil the i2th
inst, We find the following;
A Convention Of the ablest Democrats
of Pennsylvania completed its WORK ana
adjourned night before last. 1t with
much care framed and adopted plat
form, in which, as published in our dis
patches OF yesterday, occurred the FOL
lowing paragraphs: "That the contrac-
ton of the money currency and circu-
latipe medium heretofore made by the
Republican party, and the further con-
traction proposed by it, in view of q
forced resumption of specie payment,
has alread brought disaster to the bust
ness OF the country and threatens general
bankruptcy. We demand that this policy
be abandoned, and that the volume OF
money be madehn kept equal to the
wants of the trade, leaving the restora-
ton of legal tenders to par with gold to
be brought about by promoting the in
dustries Of the people, not by destroying
them. That the public interest demands
that the Government should cease to dis
credit its own money, and should make
the legal tenders receivable for all dues,
except where respect for the obligation
OF contracts requires payment In coin.
We hope some OF our Democratic con-
tenporaries will give us their opinion OF
the above language. Does II mean any
thing except that in the opinion Of Penn
sylyanis Democrats the best thing to do
is to start the Government presses and
Ill the country with an irredeemable
paper currency
Discarding oil distinction as Demo
cratic contemporary we fail to see, as
the Enterprise does, that in the opinion
Of those able Pennsylvania Demo ,ratt
the Government presses ought to b.
started to running again. Any on
knows that immediate and forced re
sumption would be as detrimental to al
the interests OF the country as anything
could possibly be, and this the Conven
ton virtually recognizes and declares
against. The demand that "the volume
Of money be kept equal to the wants o.
trade" etc., is only the usual amount Of
stuff that all parties share in when they
start to mako up platform. Of late years
the people have an idea that they mus
have political platforms. and If Justic'
Of the Peace is to be elected, the frs
business of the Convention is to get up
platform. The Pennsylvania Demo
crats 60 ON to say that "the public in
terests demand that the Government
should cease to discreditits own money.
It certainly should. Take greenback
which is promise of the Government
to pay one dollar, aud yet but eighty-fiv
or eighty-six cents can be realized from II
Not only the public interest but privat
interest and the nations credit deman
that the Government should recogni;
its own obligations. Finally they 81
"the legal tenders should be mac
receivable for all dues, except whe
respect for the obligations of contrac
requires payment in coin" We SUI
pose this to mean in plain English thi
legal tenders ought to be made recei
able at par for all form of public il
debtedness except interest on the publ
debt. OF course the latter clause ca
not be tempered with. IT'S the san
with nation as with ON indiyidul
there can be no real independence u
less its credit be good and oil it's dealin
just and equitable. When the Repub
was ON the brink of ruin the people cal
forward and took up the U. S. bon'
which promised interest in gold In
hour of peril they risked their money
the credit and word of the Governmel
and justice demands that oil promi
should be kept. On this we think
Democrats have spoken with level heat
1t seems to us they are in favor Of BIZ
money just as much as their Republic
brethren, but realize II would be M
suicidal to force the matter just at pr
ent. The great trouble with the Anne
can people now seems to be that eve
one has sort Of patent elf-acting C,
trivance warranted to cure all our fin
oisl ills. We have great many fin
cial inventors and discoverers, but v
few financiers. The first duty of all
litical conventions at present seems
be settlement and lucid statemen,
finance, the rest is plain sailing.
have always held that q gradual ret'
to hard money is the only financial 1
walton OF the country, but all forci
mushroom processes will prove fa
The thing can't be rushed, it takes til
Things will come out all right event,
~, but it will be more through grad
adjustment of values and recognition
the laws of political economy than
enforcement Of q set process. In
present campaign the Republican p
have taken most sensible and c
mendable stand on the finance quest
but, with the exception OF the
Democrats, their opponents have Il
Just as sensible and worthy view OF
situation, and this the Enterprise
tor knows as we'll as anybody else,
be must give his opponents pefiot
poke on general principles and is O
at loss for vulnerable point Of
tack.
The parties engaged in uneartl
frauds on the (,ovarnu.l., =.