The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-04

nothing Of the smaller fry like KELLEY,
Senator FERRY, and the whole shoal Of
lesser Republicans both in Congress and
out, who stand on the record, again and
again, in favor of irredeemable greenbacks.
We expect to fight all these men and
their numerous Republican hackers I'm the
future contests for sound finance and we
as confidently expect to triumph over
them on this question in the good time
coming, as we expect 10 succeed in that
great political reform which Is our first
care, and which we shall continue TO make
our chief object till IL is accomplished. But
whether on the one side or on the other,
whether among Democrats or Republicans,
we Ind the advocates of an unsouud sys-
TEN of finance. or the silly devotces Of in
naton. we shall continue to level our blows
at them, and we have no fears for the re-
suit, whatever party is in power. The death
OF our irredccmablc paper money politi-
clans ard philosophers is not distant
Nothing but contiliGsd exposition and dis
cussion is necessary 10 their cA..."otion
We were never more confident of favor
able issue to the financial discussion than
first be attended TO.
And now IA word as to the bugaboos of
imitation and reputation raised out of the
canvass in Pennsylvania and Ohio by Re-
publican orators. They are only ft TO
frighten children. Our financial dangers
are not imitation OF the existing volume of
the currency. SO far as the greenbacks are
concerned. their volume cannot be in
creased even IL the majority desired 1t
tas they do not, because the courts stand
in the way. Such imitation would be both
against law and the Constitution; and the
Supreme Court has so declared. All tnlk of
If therefore stuff and nonsense. The only
other means of Initiation is through an ex-
tension Of the bank circulation, and the
door TO this was thrown wide open by the
Republicans Mt the last session Of Congress.
Yet nobody initiates, and the bank circuln-
ton steadily diminishes rather than in
creases. Thus actual practical imitation of
the circulation IL indefinitely postponed,
all pretences to the contrary, and all the
talk of the blatherskites to the contrary
notwithstanding.
Our real danger is that we shall remain
in our present condition of refusing TO re-
deem the greenbacks. 1t is this condition Of
quasi national bankruptcy and positive ma
tional disgrace that constitutes our financial
danger aud shame. For this condition the
Republican party is responsible for they
created and have advocated il, and they
uphold it to-day, as they did in the last
Congress, and refuse any change or ameli-
Grafton of that condition. OF course, we
make no account of the so-called financial
measure passed by the last Congress, since
everybody knows IL was nothing but a
hypocritical dodge and an empty sham,
passed merely to be repealed, US it doubt
less will be.
Thus the difference between the two par
ties ON the financial question Is, in sub
stance, just nothing at all. The Republi-
cans have long held control, and they have
done nothing TO extricate our finances, but
have let things drift after their own fash
ion. The Democrats could do no worse il
they were to try and we believe they can
be forced to do much better when they
come into power. And in power they will
certainly be placed.