The daily gazette., 1875-09-24
For the Case
INFLATION.

Mr.. EDIToR:-I have been little puz.
zled at the charge being brought against
the Democrats as being inflationists and
consequently abandoning their old prin-
ciple of gold or hard money as the basis
of our finances. 1t is q charge SO con-
trary to their traditions and doctrines
on this subject that l could not under
stand it. The idea that even the Demo
Gratis of Ohio and Pennsylvania had ia
ken grounds against gold or silver cur
rency was to me too preposterous to be
believed; and although could not un-
derstand it clung to my belief of their
fidelity to their ancient principles on
this subject. The New York Tribune. the
Baltimore GdEette, and some other Dem
ocratic friends have mistaken. think,
Democratic doctrines even in Ohio and
Ps snnsylvania, and wrongfully accused
then. l have just been looking into
thi, subject. We may go for hard mo-
ney, resumption of specie payment.
and agree with the platform in demand
ing that the volume Of the currency be
made and kept equal to the wants of
trade" What is currency but gold and
silver AID bank notes and who is there
that would not say that they should be
kept equal to the wants of trade? Till
that is done it Is certain that we shall
not have arrived to perfection in fnan-
ces, and the greatest prosperity in our
business affairs, Cannot we expressly
denounoe the contraction of the curren-
cy heretofore made by the Republic can
party. and the further contraction made
by it without giving gold or silver cur
rency in its place or additionalp can
understand that the condition of the
country, and especially some parts of it.
may want more money on q solid basis.
and for the farmers and mechanics and
tradesmen than an imitation by more pa
per money for the spectators, bankers
and brokers of the land, and large man
ufacturers who feed on tariff and monop-
oily at the expense of the solid business
men of the country. The imitation of
the currency in paper money and rags is
the imitation of the balloon that will not
last, or the bubble that will burst and
leave us only to the misery of our decep-
ton. As to the imitation by gold or sill
yer currency or its equivalent, none GER
tainly can be afraid of that or have too
much of it. As to the Republican talk
about specie payment and gold and sill
yer currency, who does not know that it
is all bosh2 Did not General Grant, d.
rectly after his Inauguration, nearly 8
years ago, give it cut as the policy of
the party to resume specie payment, but
year after year have they not held the
promise TO the ear, to break 1t in the
practice? And has not the offices of the
Government been filed but to plunder
and deceivef A Congress or 80 ago they
were driven by public opinion to pro-
mise again resumption of specie pay
ment in 1879. But who believes that
under their ~ss,me it will be done, or if
done, will lie done to the great detri-
ment Of the country and at the expense
Of still better meansf l understand
Democrats to go in for hard money at
the first and earliest period, and by tho
best means, and that the poor mans
dollar shall be worth as much as the
rich, and that "the volume Of currency
be made and kept equal to the wants of
trade" Let us then hear no more about
Democrats being infationists We may
retire one kind of circulation and intro
duce another and better, and more of
it for the common people without being
infationists or contractionists. We shall
never have prosperity in our country
without n change in financial policy, and
we shall not have successful change in
financial policy without change in gov
ernment. Let us then have Democrat
ic government. A LOCKER On.