The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1875-10-09
THE OUTLOOK.


but "paper money tokens" redeemable in 9th
er "paper money tokens called governmen
8 :65 per cent bonds, and interchangeable
with them Those tokens may be called
dollars" or chips, or what you please Ger
tam it is, they will no longer represent any
thing that can come under correct defnl
ton of the word dollar as meaning about ont
ounce of silver or % grains and traction O
gold. The word dollar" would be as iRdi
finite as to quantity or value in the new mo
Notary vernacular as the word breath
wind" or "moonshine."
The speeches, resolutions and newspaper
usterances of the Ohio and Pennsylvania de
mocracy give no countenance to any non
sense like this All of them declare stoutly
for q specie basis, for greenbacks on pal
with gold, and for an ultimate (ifnot speedy,
return to specie payment. Indeed the whole
emphasis of the Ohio and Pennsylvania de-
mocracy is directed against the resumption
act of last winter-against fixing 1879 or any
other date for resumption, but in favor OF
keeping the supply of currency up to "the
wants Of trade" whatever that may mean
until the country shall have sufficiently re-
covered from its present prostration and
worked itself up to, or is enabled TO bear, the
ordeal of resumption.
In this view, the difference between the
two great parties of the country, taking the
republicans of Ohio to represent the one and
the democrats of Ohio and Pennsylvania the
other, narrows itself down to few t0lerably
small points:
1. The republicans favor an early and a
fixed day for the resumption of specie pay.
ment, and the gradual retirement of green.
backs their place, however, to be taken by
a larger issue of national bank bills in an.
tcipatlon of such resumption.
The democrats oppose fixing 10 advance
the day for resumption and oppose the with
drawa, of any of the greenbacks, but favor
such an increase of the greenback issue rs
shall meet "the wants of trade" IN lien Of Il
like increase of national bank paper, as pro-
posed by the republicans.
2. The republicans favor an ultimate with.
drawal of all the greenbacks from circulation
and having no other paper circulation but
national bank bills; while democrats favor
the withdrawal of all the national bank bills
from circulation and supplying their place
with greenbacks.
Divided by no broader lines than these, the
New York Nation is evidently absurd in say
ing that at IS becoming every day clearer
that the two great political parties are like
ly to go to pieces on the financial question, in
spite of the efforts of both to proven, it, and
that next year, whatever may be the result OF
the pending elections, there will be substan
TALLY two new psrties-one for initiation
and one for resumption"
On the contrary, the Boston Adcertiser
comes much nearer the probabilities In thus
commenting on the prediction Of the Nation:
II seems more probable 10 us tina: the two
parties will continue a; least through the next
presidential CANVASS substantially unchanged,
the discordant wings of the Democracy com.
ing together on a platform made to accom-.
modate those who believe IN postponing re-.
sumption of specie payment, the Republicans
uniting on platform adapted TO those who
desire to hasten mption-both parties
avoiding, or trying 70 dcoid, strong terms,
.nhich rould be painful to SICK or ,nffm mem.
bers,
or course OUTSIDE of both the great parties
there will be the squad Of bowling initiation
lunatics of the Horace Day, Smith, Kelly
stripe, but before election day comes they
will be SO absorbed by or crushed between
the other two AS to cut no figure in the con
test. Doubtless there will, NJ the ST. Louis
Republican suggests, "be lively times both in
the democratic and republican national con.
ventons, but the prospect is reasonably good
for square and pretty even presidential
hight"