Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-08-14
INFLA TON.

To the Editor cfthe journal.
Imitation as advocated by the democratic plat
form recently adopted by the democracy assem-
bled at Columbus, Ohio, it seems to me means not
only imitation, but repudiatisn dsintegration, dis
honor and ruin. This platform-and it has the
sanction of large majority of the democratic
States-demands the abolition Of our national
banking system without proposing any redeema-
| bic national currency as substitute therefor. 1t
scouts the idea Of our fathers of national cur
| rency, the basis Of which should be coin of spe
cifc value, thus leaving us a people without a
currency credit or character among the nations Of
the world. This party goes further and proposes
to abrogate the solemn contracts Of the nation by
paying its obligations in q currency different from
that specified i'll the bond The proposition is to
destroy and overthrow our national banking sys-
TEN, and substitute therefor $i00,000,0C0 of
greenbacks, which all the leading democrats in
our country have declared heretofore to be e-
gal, unconstitutional, and if they believe what
they say, void and consequently of no real value
They declare that these notes for the payment of
which they make no PROMISE shall pay you for
your bonds. for which the nation promised to pay
you gold, both interest and principal there
on, that they shall be taken for all customs dues,
thus depriving the Treasury of all means for meet
ing its plighted and solemn obligations. The
democratic party declared the act creating the
greenback currency unconstitutional, even as a
war measure deemed necessary to the safety of
the country, but to-day, in time of peace, propose
to make hundreds of millions more of this cuiren-
cy, which Mr.. Pendleton democratic candidate
for the Presidency, in his recent speech at CALI
polls, Ohio, declared to be unconstitutional, and
that Congress had no power to issue such curren-
cy at all.
The effect on the business interests of our peo-
pie and the credit Of people at home and
abroad, of party holding such views, taking pos
session of the Government, wonld be utter and
overwhelming ruin. $500, 100000 of our
national securities are held abroad, to the pay
ment of which, and interest in gold, the faith of
the people is plighted. These at greatly depre-
ciated values, would at once find their way home
and be thrown upon the market affecting all
other securities, city, town, county and State,
with all railroad and other business pledges, all
monied institutions, savings banks, and all trust
securities, Of every nature and description, most
disastrously.
Every farmer every mechanic, every banker,
all who hold any public security, be it what it
may, all men who hold in trust public securities
for the benefit of widows and orphans, every de-
positor in our savings institutions, and all who
have charge of such institutions should see to it
that the Columbus platform of reputation re-
ceives no support from them Duty and interest
alike demand this. To aid by any indirection SO
fragrant an outrage would be a betrayal of every
trust The boast comes from united South, that
if Allen succeeds IN Ohio initiation is a success,
onr national banking system overthrown. This
party carry banners with this sectional device
"The South and the West will rule the East"
How rule the East BY destroying your proper
ty, BY robbiug you of the fruits of your accu-
mulated industries. The democratic party desire
the election of Allen. To vote for Gen. Roberts,
is to aid Allen, Pendleton, Cary & Co., in their
crusade against national credit, in their at
tempt to form national party hostile to the East
by uniting sections against sections, and in all
their attempts to denatonalize the Republic
SOUND CURRENCY.