The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-08-02
Current Notes,

Gen. Brindle of the Pennsylvania infation-
ist committee thinks about SO, 400, 100000 Of
greenbacks would be the thing,or seven times
the amount now in circulation. By that time
they would be Brindle-backs.
"The best currency in the world" as the
infationists call it, was so sensitive that it
tumbled about per cent in value on account
of single failure in New York. Gold did
not tumble, nor did gold bonds of the govern
ment. 1t is only moonshine money that has
value so uncertain. -,.
The New York Tribune has taken the
pains to show that certain quotations from
Calhoun's and Webster's speeches, which ap-
pear in Mr.. Peter Cooper's currency argu-
ment, are egregiously garbled and. falsified.
Mr.. Cooper himself is not held responsible
for the misstatements of fact; but the pre-
sumption is, that some amanuensis employed
by him exceeded his instructions. The real
sentiments of Webster and Calhoun on this
subject are too well known to admit of ques-
ton. Webster said, in his speech of March
%, 1888, 81 abhor all irredeemable paper;'
and Mr.. Calhoun's schemes for paper cur
rency all contained the essential qualification
that no resort should be had to legaltender
act.
In these days of political "reminiscences it
may be as well to..recall the fact that the Ohio
Democracy opposed paper money when it ap-
peared to be the only means of carrying on
the war. Now that the Government is ap-
preaching position when it can resume par
payne nts, the Ohio Democracy strenuously
object. The Ohio Democracy may be depend
ed upon to be wrong, first, last, and all the
time.
Imitation sentiment seems to be spreading
among the Democracy of Indiana. The In
dianapolis Sentinel has been turned around,
and is henceforth to be an initiation journal.
As it is the leading Democratic organ of the
State the change is significant.
Gov. Hendricks has got both feet over on
the initiation side of the fence now, and is ap.
parently medtating descent on that side
He told reporter of the Cincinnati Enquirer
recently, that the Indiana people we're taking
no little interest in the Ohio contest, and
that 1--WE all feel that if Gov. Allen is defeat
ed, the Presidential contest will be uphill
business for the Democracy" The CORE
spondent represents him as saying further
that he is in favor of the abolition of the Ma
tional banks, and the substitution of green.
backs for the banking currency. o.
Rag-rayers will please read and ponder the
following true story: A party of convivial
gentlemen, who had been imbibing freely,
wished to light their cigars. One Of them
twisted dollar bill into a taper, held it to
the gas with an air of bravado and used it as
light. A second, not to be daunted, used 9
| five dollar bill in the same way. A third
burned ten-dollar note. The fourth of the
quartette took check-book from his pocket
wrote check for thousand dollars, tore il
out and used it as a cigar-light. How much
l-poorer .Kas he for the transaction Wor
Slippers Of the greenback win please remem.
ber, in preparing their answers, that the
check "represented' money, and was made
| out of the material of their pet money. II
was money, then, and this man paid thou
sand dollars for his cigar-light, didn't he?-
| Chicago Tribune.