Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-06-21
REPUBLICAN NOMINATION.
FOR GOVERNOR.
SEI.DEN COMMON
OF AUGUSTA.
THE ONO DEMOCRATIC PLA7fUHX-
IvFL 4 TON ENDORSED.


INFZ 4 TON ENDORSED.
The Ohio democratic platform has been
u subject of good deal ofinterest. because
1t was expected to announce principles
which the democracy would stand upon in
their national convention next year. The
voice Of the democracy of great State
like Ohio is potent in the nationa! councils
of the party. and its utterances in the State
convention just before the national conven-
ton are peculiarly significant. The planks
in the platform relating to currency Will
therefore excite extraordinary interest.
These are so remarkably at variance with
the claims of democratic newspapers In
this section of the country that the demo-
cratic party is hard money party. that
they will have to explain and reconcile if
they can their statements with this action
Of the Ohio democracy. The financial re-
solves are as follows:
.'Eighth-That the contraction OF the
currency heretofore made by the repub-
..lican party and the further contraction
proposed by it with view to the forced
resumption ofspecie payment has already
brought disaster 10 the business Of the
country and threatens general bankrupt
"cy. We demand that this policy be
abandoned and that the volume of cur
..rency be made and kept equal to the
wants of trade, leaving the restoration
''of legal tenders to par, gold, to be
brought about by promoting the indus
tries of the people and not by destroying
..them.
'sNinth-That the policy already initia-
tied by the republican party Establishing
illegal tenders and giving national banks
1.-THE power to furnish all the currency,
'will increase the power of an already
dangerous monopoly and the enormous
burdens now expressing the people
without any compromising advantage,
"and that we oppose the policy and de-
..n,apd that all the national bank circula-
..tion be promptly and permanently re-
stirred and legal tenders be issued in their
"place.
"Tenth-That the public interest de-
..mands that the government should cease
Ito discredit its own currency and should
make its legal tenders receivable for all
public dues except where respect for the
obligations Of contracts requires payment
Tin coin, and that we favor the payment
"of at least one half of the customs in le-
.'gal tenders.
"Eleyenth-The extinction OF the pres
lent national banks and the establishment
Gin their stead of system of free banks
"of discount and deposit under such reg
'ulations as the States may respectively
prescribe, and no paper currency except
'such as may be issued directly by and
upon the faith of the general govern
"ment.''
These resolves it will be seen go to the
length of extreme imitation. They op-
pose all the measures which our best finan
GERS hold to be necessary for resump-
ton of specie payment. They are in fact
opposed to even looking towards specie
payment. They demand more legal tend.
ers, and their use in payment of customs.
They would do all the business of the
country with shinplasters and make the
government responsible for unlimited
issues of them by State blnks over which
it could have no control. We have heard
much in this section of the country of
what the democrats would do to restore
hard money to circulation and how quick
ly they would put an end to irredeemable
currency. if they had the power
but no republican convention any
where ever put forth such declara-
ton in favor Of rag currency and against
sound currency as this which the Ohio
democrats have adopted. And what
makes this action of the Ohio democracy |
more remarkable is that the party there
has been represented by eastern demo-
traits as perfectly sound on the currency
question. The speeches OF Senator Thur
man have been quoted as evidence that
he Ohio democrats were sound, but his
opinions and speeches are worthless in the
ACE of this imitation platform.
One thing is quite certain, that if the
democracy in the Atlantic States are for
hard money, as they profess to be, there
will be desperate fight in the democrat
ic national convention next year, and
probably split that will end all hopes of
its success in the Presidential election.
Ohio will have great weight in that con-
vention, and she will not be alone either.
We expect the democracy of Maine will
pipe strongly for hard money in their con-
vention this week. but the platform of
their Ohio brethren will cast huge
shadow over the nomination of General
Roberts, and spoil several speeches pre-
pared by his friends in denunciation of ir-
redeemable currency. Unless the Gen.
eral Is irrevocably pledged to accept the