The Van Buren press., 1875-11-02
What is the Doctrine Of tho Democratic
Party on the Currency Question.
Some Official Testimony,

frs% more .fs 5sly No.SHs IS @ Democratic p.''rn Bat
~, The public credit must be sacred
ly maintained, and we denounce repudi
alton in every form and guise
II. A speedy return to specie payment
Is demanded alike by the highest consid
crations commercial morality and hen
est government
! New York Democratic platform, ls74.l
l. Gold and silver the only legal ten
der; no currency inconvertible with coin
"2. Steady steps toward specie paw.
ments; no step backwards.
"3. Honest payment of the public
debt IN coin; sacred preservation of the
fpnblic faith F"
New York Democratic platform. 1875
speedy return to specie payment is
demanded alike by the highest consider
atoms of commercial morality and hon,
est government.
Ihe present depression of business is
caused by the reaction from the unheal-
thy stimulus of an excessive, deprecated
and lrredeemable currency; by enormous
and i'll adjusted municipal, state and fed.
eral taxation, and by extravayance, waste
and pecnlation in the administration of
public affairs. The remedy for this evil
Is not found in the renewal of any of
these courses.
= In face OF the fact that the existing
volume of currency is greater than can
be absorbed by business; ip face of the
iact that the recent falt'of prices was fol
lowed by repeated inhations, any attempt
TO increase the currency would be worse
than Intellectual to revive prosperity, for
1t would interrupt the healing processes of
industry it would be worse than futile
to restore confidence, for ii wouid create
dlstrust and new uncertainties in business,
paralyze the beginnings of enterprise, rob
labor OF itsto scanty employment, and,
while sitting the progress of legislative
reforms, would inhict lasting hishonor
upon the credit, the intelligence and the
character Of the country.
Gold and silver are the only legal
Gender; no currency inconvertible with
coin.
" Steady steps toward specie payments,
no step backward"
New Hampshire Democratic platform 1875.
An economical administration and an
honest currency the only assurance of
national prosperity. No more financial
sham congressional legislation; specie
payments are the demand of the people"
delaware Democratic platform. 1874
Protest against continued issue Of
an unconstitutional currency
t0regon Democratic platform, 1870
Demands resumption of specie pay
ments; opposes paper currency"
Nevada Democratic PLATFORM 1871
Specie payments.
New Jersey Democratic platform, 1s74l
The restoration Of gold and silver
as the only true basis Of the currency;
the prompt resumption of specie pay
ments, and the payment of all national
Indebtedness in the money recognized by
the civilized world
Indiana Democratic platform. 1871.
w e are in favor Of return TO spe
Gle payments as soon as the business ia.
terests of the country will permit"
Massachusetts Democratic PLATFORM 1874
+" The speedy resumption Of specie
payments is alike demanded .bXAtH,q5 .bX tH,q5noy.
Elonhs 81 rne- wotfd "as the only SOUND
and healthy basis of currency"
Pennsylvania Democratic platform, ,--l7ll
"a steady effort should be made to
bring the government notes to par with
gold, and to secure q retirn to specie
payments at the earliest possible period
that resumption can be effected with
safety"
Illinois Democratic platform, 1874.
"T The restoration Of goll and silver as
the basis of the currency Of the country
The speedy resumption of specie pay
ments, and the payment of all national
Indebtedness in the money recognized by
the civilized world"
Connecticut Democratic platbrm. 1871
1.-The use of bad money imposes an
unequal and dishonest tax, which bears
most heavily on those who work for va
ges; that irredeemable paper currency,
by whatever. name known, is bad money,
and that it is fraud in time of peace for
the government to make anything le-
gal tender except gold and silver coin Of
a fixed standard The republican party
has proved itself unfit to rule, because,
with unlimited opportunity. it has failed
to make the bad money which it has forced
upon the people, equal to the good money
with which it pays its bond halders.
maryland Democratic platform, 1851
Protest against any increase of the
circulating currency, but demand that
such measures be adopted by congress
as will result in the resumption of specie
payment at the earliest possible moment.