The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1875-08-11
OHIO AND MARYLAND.
The Financial PIanks Of the De-
mOeracy in the Two States.
No TrrecOncfIabIe Difference on
the Currency Question.
Albany Argus.

Albany Argus.
The Ohio Democracy, rightly in
terpreted, are opposed either to con-
traction or to expansion; favor the
abolition of the National Bank sys-
tenn and the substitution of green
backs for bank notes, and aim to
build business up to a specie basis
rather than to tear it down to hard
pan level. It is we'll known that
there are essential points of differ
ence between the Democracy of
other States and of Ohio; bat, sure
~, there are no greater differences
between them than those which ex-
fst within the Republican party.
WHY then contend against the Ohio
Democrats so strenuously. and have
nothing but approval for the repub-
lican financial policy.
The Democrats Of Maryland are
staunch, reliable and true. They
enunciate sound principles, and they
Loyalty sustain them in practice.
They favor wise policies in State
affairs and they carry them out in
administration. How different this
is from the course of the Republican
party we need not point out at
length. Frequently correct in teach
ing, it violates the political deca-
fogue every day in the year. Its en-
tire financial history has been one
constant succession of attractions OF
it's own teachings, and of the maXims
Of the ablest statesmen and econo-
mists.
The Democrats Of Ohio concede
that their brethren of other States
are correct in aiming at specie pay
ments but they are afraid that the
path to be chosen will lead over the
wreck Of ruined debtor interests and
industries; and so they take the
position of a brake. The desirabiIity
Of specie resumption is nowhere de-
MED. The Ohio Democrats urge it
as strongly as any. What, then,
is there left to differ aboutE
Republican journals everywhere
saw that difference as TO metho5
must necessarily exist; and they
have tolerated the Ohio method
equally with every other. If they
have changed. and now insist upon
enforced contraction as the only
orthodox Republican method Of re-
sumption, their conversation has
been recently and speedy. Ger
tainly, when they passed their IA
nous bill for resumption through
Congress last winter, they were in
doubt as to whether contraction or
expansion was the best method; and
to this day The two elements of the
Republican party cannot agree as
to whether that empty enactment
meant the one or the other!
The Maryland Democracy ''pro-
test against any increase Of the cir
eaIating currency" Have the Ohio
Democracy dissented? If so, in
what resolution or expression?
The Democrats of Ohio protest
against contraction and this is in
ferpreted as being hostile to resnmP-
ton OF specie payments by those
who believe that resumption cannot
be attained by any other means than
And here is the only
issue, so far ag the volume OF the
currency is ceHcerned-
The nature Of tine currency-the
substitution Of greenbacks for bank
notes-forms other and distinct ele-
ment in the financial problem.
The main question, then, relates
to the means best to be taken to,
resume specie payments. On this
point the Ohio Democrats believe
that the business of the country
should grow up TO the present vol
ume Of she currency.
There are the issues as they are
presented in Ohio. That they have
no resemblance to the issues stated
by the Republican press is owing to
the hasty conclusions of the latter.
Adjustment of the currency to the
wants Of trade is construed to mean
more currency, and hence imitation
is assumed. But unless trade needs
more currency this conclusion is a
hasty and illogical one. 1t is as
easy TO conclude that this plank in
che platform means less currency,
aor. contraction for certainly there
is now more currency ahoat than
business can not absorb. But as
this plank is really meant as form
through which to express hostility to
contraction, it must be so interpret
ed, On the other hand, it does not
mean imitation !; for its trainers SO
declare. and its language fairly
precludes such Interpretation.
In demanding that the volume Of
the currency shall not be contracted
and tEat greenbaclxs shall be substi
tuted for bank notes, the Democra
CIV Of Ohio have taken positions or
which the National Democracy havt
not pronounced. Efforts are being
made TO induce dissenting Demo
Gratis to appeal from the State Con
yention to the polls, instead of e
the National Convention, We trusi
these efforts will prove unaFailing
The National Convention is Tho
highest tribunal, and we hope al
differences win be submitted tt
it.
To counteract these tendencies, {
LARGE corruption fund has been raised
And as the result in Ohio may de
mend On the pnrchaseeble vote,s it il
useless TO speculate. But unless
money turns the scale, Ohio will g