Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1875-06-24
EnHDflDu.

If the Enquirer is to be accepted al
the mouth piece of the Democratic par
ty of Ohio, the cry is still of imitation.
When the snake was supposed to be
dead, here is an effort in the great State
Of Ohio, an in the name of Democracy,
to revive the dishones: humbug.
There is, no doubt, great deal of igno-
rance on the subject of finance, but we
did not suppose there was enough Of it
in even the Democratic party of Ohio
to keep alive the exploded policy OF
infa ton, especially in view of the fact
that there is to-day nothing so plenty
as money. In all the markets there is
a plethora of currency. In New York
money is loaned on call at 2G3 per
cent, and on four to six months COM
mercial paper at t to per cent. In
Cincinnati the supply is also supera-
bundant and rates of interest low, and
so it is at all commercial centres. Yet,
in face of all these undeniable facts,
fools are heard crying for more paper
money.
The object is plain enough, and that
is Reputation. Initiation could have.
but one effect-viz: to depreciate
the currency-and this is what the in
fiationists are driving at; some know
ingly, but others ignorantly. every
additional issue of paper would have
the effect to diminish the buying capa-
city of the dollar, and the adoption OF
such a policy at this late day, when
every effort should be directed toward
the equalization of the gold and paper
dollar, would be destructive Of the vi
tai interests of the country.
The industrial interests are now slow
ly, but surely, recovering from the evil
effects of an over-supply of On incon-
vertible paper money, and this recov-
cry will go steadily forward as we ap-
proach sound currency, until business
in all its branches, labor of every kind,
and the cost of living shall be adjusted
to standard that will not fluctuate
with every wind of political doctrine.
There are those, no doubt, who be-
lieve that the next Presidential election
may be conducted upon an issue of this
kind. There are those, too, who imag-
inc that the shortcomings of the DEM
ocratic party in Ohio may be covered
up and hidden from the just criticism
of an honest and intelligent people, by
the cry of imitation. which is only an
other name for reputation. But they
are mistaken. No inf1ationist can be
nominated, even, for President of the
United States, and no nonsense of this
kind can change or hide from view
the record made by the Democratic par
ty in Ohio. Upon that record the
Democratic party is now on trial, and
the Issues are well defined and clearly
made up in the platform Of principles
presented by the Republican party.
The Democratic Convention may sue
ceed in snubbing Senator Thurman,
and in further initiating VIM. Allen.
1t may destroy the chances OF both for
| the Democratic nomination for the
Presidency, but if it should smother
Thurman under imitation resolutions it
could not thereby put Allen on the
Presidential track, nor can it prevent
the defeat of the party in this State in
October. The time for dodging live
issues and revampiDg old ones has pass
ed. Neither initiation nor reputation
viii be tolerated by the people of Ohio.
OF these they have had enough. There
are other questions more important
than these to be settled, and some oI
these are so Immediately important
that even a dispensation from the
Church of Rome can not set them
aside.-Cn. GGz.