Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1875-08-05

The MsAsy Question In Ohis.
1Rvy or ON. a. =. xAYns, TIE axrubLIcAN CAM
pipATn ron COMMEMORATIVE OF IMITATION
rHI ngPuHIICAN PARTY oPPceKD 10 SOFT MONEY.
Isoxrox, Ono. July sl.-Ths Republicans Of
his stats opened their campaign here to-day, |
nth spsschss by Gen. Hayes And Senator Sher-
nan. Both speakers dwelt 1t length upon the |
currency question, each taking strong ground
against inInAahon. Following are the more In |
.ersstIng parts Of Gen. Hayes remarks
PAPER MONEY AND IT'S RrTncrs.
The objections To an inflated and irredeemable
paper currency are 80 many that DO not u,
10 familiar that Insed not elaboratsly prossnt
or argue them. All OF the mischief which COM
monty follows inflated and inconvertible pa
per money NAV be expected from this plan, And,
In addition, II hiss very dangerous tendencies
which are peculiarly it, own. An irredeema6le
and inflated paper currency promotes specula-
ion aud sxtravaaance, and 81 tho same time dis-
courages legitimate business, honest labor, and
economy. 1t dries up the true sources OF indl.
vidual aud public prosperity. Over,hadlng Anu
desire TO incur debt; it causes high rates Of In
terest; It increases importations from abroad; it
has no fixed value; 1t il liable to frequent aud
great fluctuations. thereby rendering every pc
cuniary engagement precaIious ana Disturbing
all existing contracts and expectations. Il 10
the parent OF panics. Every period OF inhsuon
il followed by loss OF confidence, ahrinkage
Of values, depression Of business, panic, lack OF
employment and widespread disaster and dis-
tress. The heaviest part OF the calamity
wholesale dealer, the middleman, and the re-
taller always endeavor TO cover the risks OF the
tickle standard Of value by raising their prices,
| But the men Of small means and the iaborer are
| thrown out of employment and want and sunef-
| ing are liable soon to follow. When Govern
ment enters upon the experiment OF issuing ir:
redeemable paper money, there can be no txed
| limit to its volume. The amount will depend
on the interest Of leading politicians, on
| their whims and on the excitement OF the hour.
extrayagant and corrupt Government expendi.
lures are the sure result. Under the name OF
public improvements, the widest enterprises
contrivsd for private gain. are undertaken, IN
definite expansion becomes the rule, and, in tn
end, bankruptcy, ruin, and Reputation.
DAxaxss OF INITIATION.
During tho Last few years great deal hal
cent events In our history. The increasing pow
or Of the government at Washington has been
fAvorite thome for Democratic defamation
! But where since the foundation OF the Govern
ment, has proposition been seriously enter
tanned which would confer such monstrons ant
dangerous powers on the General Government
! as this imitation scheme Of the Ohio Democracy
During the war for the Union, solely on tn
, ground Of necessity, the Government issued tn
! legal tender, or greenback currency. But the
accompanied 1t with solemn pledge IN tho To-
, lowing words OF the act Of June 80, 1864:
Nor shall tho total amount Of United State
!, notes issued or to be issued ever exceed $40O
|. 600, 600, aud such additional sum. not exceedn
: ESQ 0OO, 900, as may be temporarily required Il
redemption Of temporary loans.
| Il,,k fla Ohio inf All In A time OF D0&C
on grounds Of more expediency, propose an u. u
convertible paper currency, with its volume lin
T tied only by the discretion or caprice OF its u
Y suers, or their Judgment ~ 70 tho wants
trade The most distinguished gentleman who's
name is associated with the subject once sa
"the process must be conducted with akiil al
caution, 80" by men whose position will enab
!, them TO guard against any evil, and, using
+. favorite Illustration, he said "The becreta
|. of the Treasury ought to be able to judge II
!. hand 10 upon tho pulse OF the country. He ca
u feel all the throbbngs OF the blood in tho q
j. teries lie can tell when tho blood flows u
n fast and strong and whom the expansion shou
10 cease" This brings us fsco to Taco VI
(, tho fundamental error Of this dangerous polio
n The trouble is the pulse OF the pate
q will net 90 often decide the question ~ the !
e terest Of the doctor. No man, no governmet
=, no Congress IL wise enough and pure enough
be trusted with this tremendous power over q
It business and property and labor Of the countr
It That which concerns 30 intimately all busine
,r should be decided II possible, on business phi
ID cples, and not be left to depend on the exige
1t ces Of politics, the interests OF party or the Al
pl''on ~ pupno non a. '.har NV +, Wv a. tha M,
% ioI pusl ,iss ~ ~ ,Ant W.si,;n%,nn aitl
~ " ioW Poi N ioa0' m, w.. .. y, nraua
!. ~ VI ou. y, Nonelooo liz ~ IA az. .s,
y tis 70 sPpy psIor nonoy Sn s,;o ou Il
y ~ .he - - ~ ~. s..,,ond ~ !,
70 conVeiupie mo ool; san p,.'a !" az y
2, .es S s ~ T. d. ~ NO p''''''' ''
VI s"u o'"pe'
. POLICY OF THE REpuBLIcAL PARTY.
~ The Republicans of Ohio are in favor of
10 sudden or harsh measures They do not propt
to force resumption by contrs otion of the CT
Q rency. They see that tho ship is headed in t
q right direction, and they do not wish to 10
10 what has already been gained. They arc sat
+ fed to leave to tho influences Of time and /
. inherent anorpy and resources of the coun
u the work that vet remains to he done to ri,
our currency at mar, We believe that what q
~ give employment to iapor n k-SiMesq uApA
w confidence. We pecd Confidence in
stability and soundaess of the fnnnG
U policy Of the Government, That confider
81 las for many months pRst been aio,
" but steadily increasing, The Columbus Dem
20 cratic platform comes in a. disturbing eIemt
w. How great the shock which was given to retn
10 ing con tidence by the Democratic action At
' umbus Abundantly appears by tho manner
which the platform in receiyed Nv the liberal !,
the English and tho German Democratic mr.,
Nm throughout tho United states. The Iabe
OF press and the German press, so far as i Ina
observed, in the strongest terms condemn
-, platform. They speak Of it as disturbing col
"' dence, shaking credit and threatening repud
r. alton. A large part OF the Democratic press
nd other States IL hardly lcss empbstie. H. wor
. be strange indeed If this were otherw;sa