New-York tribune., 1875-10-11

ally the campaign Of public speaking closed at
midnight although few pertnacious takers,
among them Gov. Allen, are billed for meetings on
Monday. In Columbus Mr.. Woodford and Mr..
Ewing held the last of their joint discussions, before
a large audience. Ex-Gov. Dennison presided for
the Republicans, and Col. Manypenny for the Dem
ocras, and nearly all the prominent citizens OF the
capital present. Each of the speakers appears
by the reports to have been in the best fighting trim,
intellectually, and the debate was the best
of the series. Gov Allen and Gov. Hendricks spoke
in Jackson to large crowd, and the former pre-
dicted his election by 10000 majority.
In this city large Republican and Democratic
meetings held within few squares of each
other. Congressman Beck spoke to the Democrats
against the National banks and in favor of paying
the bonds in greenbacks. At the Republican gath
oring Senator Morton gratifed his hearers who re-
membered Lis course in Congress, by placing him
self at last on solid ground on the currency Ques-
ton. He said:
What is the greenback tis the promissory note of
ernrnent what Your promissory note is to YOU Some
people suppose the greenback Is money in itself 1t is
not money but simply promise TO pay money IL is the
obligation of the Government TO pay TO the holder the
amount called for the face of the bill TO pay il in
The object is to pay in gold or silver This the charac
ter OF the ereenback IT has another quality the note OF
tender in payment Of debts Now the point start
with the simple fact that the greenbaek is promissory
note of the government promise 10 pay part OF the
debt OF the Government as much as the bond The bond
draws interest until paid the greenback no interest The
time; nut the faith of the Government is soemnly
pledged that it shall be paid as soon as the Coy
its duebi and the moral obligation is higher on
gard TO the bond. because the bond will draw interest
until il is paid, and the greenback draws none. DO
eenacE eS e 1''e the ' real friends Of STecnbaeks
The Republican party made the greenback are
and make il as good gold What makes the greenback
worth 50 cents on the dollar to-day IL Is the convcton
has the capacity redeem it, and will do in
reasonable time. when the people believe the Govern
honest the greenback will perish fan like the leaves in
the Autumn, and become like the Continental money.
Morton's old declarations III favor of Initiation are
constantly paraded in Democratic newspapers,
which, in return, print the former hard-money
utterances of Allen and Pendeton. Both parties are
even on the score of the Inconsistency OF some OF
their orators with their past records.
Senator Dawes followed Mr.. Morton at the meet
ing. and advocated resumption by the road of fund
ing the greenback On this topic he said
There are two ways of bringing and holding the green
back up to par: One is 10y funding II in god-bcar,ng
bond that is equal 10 par That makes the Government
pay the discount. 1t the Government that depre:
ciated its own paper. No power but the Government OF
the United States able tO drprccate the paper one
single iota The Government OF the United states depre
ciaiet its own pap by multiplying 1t upon the people
The other methods by contraction and that makes the
holder pay the discount Contraction makes 1t scarce
and while is compelled 10 take IT. the scarcer II is
the he will give for IT, and so IL gets to par Ihat
makes the holder of the pay the discount and hat
Mr.. Chase saw clearly the people would under
stand taking out of them what belonged to the Gov
eminent itself to pay and that was why he saw what
has since become history that the people would never
submit such contraction would keep the paper at
par. In 1866, When under the policy Oh NcCnloc, ne
was contracting it 81 900 600 month law passed
putting end contraction and from that day 10 ths
there has been dollar less OF it than there was IN
that day.
The confidence of the Republicans increases every
day In the grain-producing districts along the
Ohio, where heavy desertion feared the local
committees write that they will poll full vote. The
news from the Western Reserve warrants
the expectation that the Republican vote
there will be equal TO that of Presidential
wears. In nearly all the heavy Demo
cratic counties Republican gains promised.
Within the past two three days the Democratic
leaders appear to have had presage of defeat, and
have not been able to conceal their dependency.
Whether their changed tone arises from mesmeric
impression, which some people imagine forecasts the
issue of q political struggle, and express
by saving they feel it i'll the air" or
whether they have information which leads
them to distIust their former estimates
of strength is not known; but the fact of their dis
couragement is plain. 1t is reported that quiet
canvass has been made of the voters IN few test
localities, and that the result is what has so dis
heartened the Democratic leaders. Yesterday
leading Democratic editor talking with Republican
friend admitted that his party was beaten, and laid
the blame on Gov. Tilden and his " internal New
York Democrats" As the election was over
he said, the friends of Allen would take their
venge by working for the defeat of Tildens ticket
and organizing greenback party in New-lork