The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1875-10-21
PADICAL RAscALITT.

AsA&6SeAA |
During the late political contest
in Ohio, the positions of the Radical
and Democratic parties were well
and sharply defined. The Radicals
through Morton, Hayes and Schurz,
followedb by all the smaller fry of the
party on the stump, and through the
Cincinnati Gazette and Commercial,
claimed all the time and everywhere
that their party vas solemnly bound
to resume specie payment in Janua-
ry 1879; that the resumption law of
the lost Congress could not in good
faith be repealed; that the green
backs were unconstitutional, a fraud
on the people, in short were 'worth-
less AM irredeemable rags" that
every law of sound finance required
their retirement and destruction, and
in their stead a gold and silver basis
established. On the other hand the
Democracy, representing the labor
ing classes, fought for the greenback
currency, and by their orators and
through their newspapers attempted
to demonstrate the utter impossible
ity of resuming specie payment at
any neal period, and the disastrous
effects such an attempt would have
upon the industries of the nation
Thousands of people allured by the
hope of a golden era and full of faith
in the promises of the Radical party,
voted their ticket and placed them
again in power. What is the result?
The official returns of the State had
not been received before this beauti-
full party of moral honesty began to
60 back on the only living issue OF
the campaign, and is preparing itself
to falsify and prove recreant to the
promises through which they de-
frauded honest men out of their
votes. As evidence of this we give
below some extracts from that emf
nently pious sheet, the Cincinnati
l Gazette:
f "The Republican victory in Ohio
does not mean the violent measure
, of contraction which would be re
Observation-Disclosures anuh4ie and nfiFat,
1--WE know of no Republican whit
thinks it possible to carry out that
S act, or who think that Congress cal
q seriously fix the time of specie pay
ments without providing measures
. by which the currency shall nearl,
or quite appreciate to par with coil
e before the appointed day arrives"
d "No rational man believes it pos
sible to maintain the coin convert
bility of $3.50, 900, 900 of paper mo
ney. Even if by borrowing coin Oh
public bonds, and by an imitation Q
e credulity, it could be kept mp for
It short time, it would be mere kite-fy
r. ing; it would not be q specie basis
, and would be liable at any momen
II to break down. What q field woul,
d such a situation offer to rings G
spectators who could borrow mean
II to lock up gold"
"FiXing a date Of resumption
le without creating preceding condi
e lions to bring paper money to pal
1t is only to resort to fright and panic
Government must not say that whe
!, it has set the time the people mus
look out for themselves, and the
who are not prepared must take tn
rs consequences. The people are helr
,e less. In no way can they prepar
al but by ceasing business. To sto
the use Of credit is to stop nint
tenths of business. Governmer
{ made the currency situation, and
d must not revolutionize it in such
is manner as to destroy the people,
4 And, besides, the Government woul
assume the burden of furnishing spt
y Gle for over seven hundred and sixt
1T millions of paper money, payable o
IS demand in coin. To 6orro,U coin b
selling bonds to attempt this tmpo'
# sible thing could be selling bonds /
bay coin to pour into q gulf. III
)" Government aCOuld 6redk doe1R, afte
20 having spread panic and bankruptc
over the land. And this, with tn
failure of the Government, would /
70 extremely hazardous to the publ
faith"