The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-23
THE CAMPAIGN IN OHIO.

SPEECH OF GENERAL THOMAS L. YOUNG, BE
PUBLICAN CANDIDATE FOR LIEUTENANT Gov
ERNoR-THE GREAT FINANCIAL ISSUE
Alter q street parade In Columbus on the night
OF the 20h in which the following, among other
notices, was borne, ''Rag money ana rotten
democracy, twin relics OF Darbarism," meeting
was held In the State street Theatre, at winch
General Tnomas L. Young, republican candidate
for Lieutenant Governor made speech, In the
course OF which he mad the folio wing to say on ths
financial question:
The republican party believes that we should
have no currency luconvertlble with golo and
SILVER CON- ana that we should nave no legal ten
der save god and SILVER, winch Is the money OF
the constitution, and being n power since the
war, when made tue paper currency necessity,
our 10 !lsiatlon has been directed 10 the end 0f
bringing ABOUT resumption OF specie pay
ments. The democratic party oil ONO, out
OF no other state, pretenis TO neheye that our
greenback currency snOud be ISSUED b. tle gov
ernmeat al Lbttunl and called money, wltbOut
any reference TO q basis Of value and without auy
reference to our national Obligations 10 pay our
Just debit. This Is, l mink, lalr CONSTRUCTION
OF tue Tour articles OF their platform adumb at
ing financial policy which, II carried out by the
power olthe lie gis alive department OF our nation.
would IN very lew years BRING about the
ton and national disgrace. This polcy is ma
t1cn OF the government currency, and W. Ill
know that the definition OF the Word IS no maze
large by wlndn-tO blow up. Wen, W.nd Is cheap,
especially among democratic orators on tHis SUD
ject, but all me wind t1ey expsnd, ali the
sOphlstleal arguments III favor OF elr ABSURD
theories, Will not hurt the value U1 Il greenback
nor a national bank note, nor viii IL convince tha
people lnat anything can represent uoilar so
well as o note watch TIE government says shall
represent the universal standard OF vaiue-gold-
No man VINO pre- ends 70 comAon sense can be
lea to believe That $50 In currency, whica VIII
only purcnase one barrel OF hour or one 50 gold
ring, Is any better tnan one So note
which will do the same things But our
democratic orators say tnat money would be
more plenty. OF course, IL would Oe Just Jour
times as plenty BY TINS standard OF quantity and
not quality as it VIII he Ia 1879, when tile govern.
ii ent mas dete rmlneu TO resume specie payments
and when, II we huve paper curreucY, ~ VIII rep
resent gold and SILVER but IN tue banks VI DINER
countries an inflated currency would De as utterly
worthless the Uonieoerate rag money
about the close OF the reoellion, while sue repuo-
lican party currency OF 1879 will represent gold
basis and VIII pass with honor ana circuit al its
face In any ciyllzed nation IN the world. Bus
democratic speakers ana writers charge Us win
Inconsistency on Lnis Issue as \ parry measure.
They try TO taunt US by urging the responsibility
OF the existence of tue greeaoack TO our party
as we did when We invented tBem and
forced them as money on tne country.
Offspring, the greeuback; even II II Was iiegIti.
mate we are not ashamed uf IL. 1t was me best
scneme suggested ny proiouAd siatesmansnlp Ior
bridging over cue perIous chasm OF tue tune. lt
was, BY tue blessing oil Heaven, the stone IN the
hands OF our DAVID Win whIcA us stain The
GOllan Oh reu-handed treason, am because OF the
distinguished services lt tnen rendered US IN our
hour OF sore distress, as a stOAe, We propose IN
good time 10 eXalt 1t by making u gUld, 51us hon
orlng ana leg1mlzlng IL, ana tuAi, TOO, without
contraction rom It's present vosume, WHICH. IN
tue experience Ui the best business men. -
abundant Tor the uses OF commerce.
During admlnlstr ttl0n OF General Jackson
the democracy mad Ifs greatoGt nEnt against an
Institution and Its currsncy wnicn IA tnat day was
regarded by them as a stupend0uS SWindie. Gov
ernor william Alien, who was then ia the 3 nate,
made u speech, IN whicn he declared t1at gold and
silver were the constitutional currency of ina
country, and that Congress had no power TO
declare that the lrredeemaDie paper ~ Ike Uni ed
States Bank, whIcn was bacGeu ny tile chartered
credit OF the government, was equivalent to coin,
and lDslsted on no inmedlate resumption VI
specie payment. Now, the same Governor Allen
puts himself as z candidate OF the same party on
platform OF paper money imitation. indorspg
principles oil finance which, II carried our, woud
be fraugnt vita danger TO the STABILITY OF our
government and III any case ouiu lead to
national dlsaonOr. Times change; men nave
been known TO change; even parties cha GO
sometimes; but II Is the boast OF Governor Alien
that In pupils afalrs ne never made mistake,
ana that he was unmataOle. How now liz no
making good reaay for Pendletonian effort Tor
the Presidency