The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1875-08-18


having somewhat changed, the court
decided by a majority of one that the
issue of greenbacks during the war,
under pressure of national military
necessity, was constitutional. the Dem
Ocratic party. with one accord through
out the United States, declared that
the decision was corrupt. and that the
court had been packed by President
will remember that, during the can
vass of 1872, the charge Of having
packed the Supreme Court to procure
decision sustaining greenbacks, in
fragrant violation of the Constitution,
was the most persistent and clamor-
Gus made against General Grant and
the Republican party. Democratic
leaders have not changed their opin-
ions upon that subject. Only the
other day, at Gallipolis, Mr.. Pendle-
ton asserted in the strongest terms,
that IS member of Congress he had
opposed the issue of greenbacks in
1862, because they were unconstitu-
tional, that he had never changed his
opinion, and believed that Congress
had no such power. Mr.. Thurman,
Mr.. Bayard, and, | believe, every
Democratic member of the Senate,
have from time to time denied the
power of Congress to make green
backs a legal tender, charged that the
Supreme Court, by which the decis-
ion was made, was packed, although
the decision went no further than
holding that Congress had the power
to pass such law In time Of war. If
the Democratic leaders now believe
that greenbacks are unconstitutional,
how can we sufficiently condemn the
hypocrisy of the demand for a new
issue of hundreds Of millions to take
the place Of national bank notes? If
they believe them to be constitutional,
no condemnation can be severe enough
for their conduct during the war,
when they denied their constitution
atty and did all in their power to dis
honor them, ut time when they were
necessary to preserve the life of the
nation.
The question as to whether Treas
ury note can be made legal tender
in payment of debts is purely a ques
ton of law, to be decided finally by
the Supreme Court of the United
States, and there is not a respectable
Democratic lawyer now in the State Of
Ohio who does not believe that oew
law creating further issue of green
backs as substitute for national bank
notes. or for any other purpose, would
be declared 10y that court unconstitu-
tioual and void.
RESTORATION OF STATE BANKS THE
ULTIMATUM.
fTI,:o rrb o1o ,oy,o,,o ~ - f,,rthor 10
sue of greenbacks, in lieu of national
bank notes, arraigE here to-day as
hypocritical and treacherous, designed
in the first place to effect the destruc-
ton of national banks. and then. by
their volume, and by the decision Of
the courts, to destroy the greenbacks
themselves. and pave the way for the
restoration of the old State bank sys
tenn. The State sovereignty party
will never stop shor; of State banks.
A national currency, whether ofgreen-
backs or bank notes. is hateful to that
party which abhors the national idea
and declares that there is not one ma
ton, but thirty seven independent
and sovereign powers. The party
which clamors constantly about cen
tralization and Federal assumption
can never be the friend Of the green
back, which represents the highest
form of national sovereignty. Every
year the proposition has been brought
forward in Congress to repeal the law
taxing the notes of State banks, which
drove those banks out of existence,
and the repeal of which would again
open up the flood gates for public and
private robbery by the establishment
of innumerable kiting and worthless
banks in all the States. Only last
year Mr.. Thurman and every Demo-
cratic Senator voted for proposition
to repeal that law which was offered
as an amendment to finance bill.
The restoi alton of the State bank
system means as many systems of
banking as there are States, violent
expansions and contractions, hun
dreds OF broken banks, and millions
of bank note trash dying in the hands
of the people. 1t means the Western
and Southern States shall again pay
millions of tribute to the Eastern
States in the form of exchange. 1t
means that the citizen of Ohio can
not pay his hotel bills in New York
or Boston with Ohio money, without
suffering a shave or buying Eastern
funds. 1t means that no man can re-
ceive the price of horse without ex-
aiming a counterfeit detector to see
that the money is good or that the
bank is not broken. The old State
bank system is necessary to the State
rights Democracy. The party that
denies the nation and hates every.
thing national turns with aversion
c,.o,,, N o,,rropcu Sfafo COW
ereignty and State banks are twin
relics Of the times that we fondly hope
have passed away forever.
THE CENTENNIAL.
The celebration of the centenary OF
the Declaration Of Independence OF
the Fourth of July, 1876, will be pc
culiarly grateful to the members Of
the Republican party. That party
had it's origin and development in the
immortal principles of that instru
ment, and to its hands, under divine
providence. was committed their Gna
accomplishment. The declaration
they are endowed by their creator
| with certain inalienable rights; tina
among these are life, liberty, and thu
pursuit of happiness: that to secure
| these rights governments are institu
ted among men, deriving their jus
powers from the consent oe the gov
| erned, is the corner stone of the Re
publican party 1t is the grand plat
form upon which we stand to-day
upon which the Union has been pre-
served and slavery abolished, and tn
political and civil equalit; Of all me-
before the law established. It embed
les the principles of civil and .relig
ious liberty upon which our govern
ment, after nearly one hundred years
now stands triumphant. and whicl
have been impressed to a greater 0
less degree upon all the civilized gov
ernmcnts in the world, by whateve