, 1875-08-25

| to the German Bishops, the Italian congrc-
cations hereafter will enjoy larger degree
Of freedom in managing their own affairs
than they have over hal before.
BENAT0R M'DoNALD AND THE DEMOCRAT
lC POLICY.
Senator McDosAlp, Of Indiana, in in Ohio,
called thcro 10 reply to and it possible re-
move tho impressions made By the recent
speech Of Senator MORTON. It Inns bocn sup-
posed by the Ohio and Indiana Democracy
that NEcDoSALD is tho ngent appointed by
Providence to rorly to md refuto Senator
Monroa, and tho Democrats always appeal to
him for TINT purpose.
Senator MoRTos's argument TINT 30 dam
aged the Democratic inilotion cn,sse in Ohio
was to the effect TINT tho Democrats never
did and do not now recognize or admit TINT
Congress had any legal authority to m ako
grceubacks iogal-tcudor in payment OF
dobts. Tint their demaua for tho
issue Of four or five hundred millions OF
additional lcgal-teuder grcenbacks was
coupled with q demand for tho abolition of
all the National Banks. That tho demand for a
now issue Of lega1.tendcrs Is mndo with q
knowledge that the Supreme Court will de-
claro them not to bo q lcgal-tonder TINT,
under these circumstances. the result will
be no legal-tendor, no National Bank notes,
consequently no currency, giving FREQ
scope aud liberty to the unlimited creation OF
State bnnks and IN unlimited issue Of State
bRnk notes. That this is tho ultimate end
sought BY tho Democratic lcadcrs,-the re-
establishment Of the old State bank systems
Us IN integral part Of the Democratic doc
trino Of State rights and stato sovereignty.
This WINS Mortona charge, which he enforced
by facts and arguments Of tho most con-
vincing kind.
Now, how did Senator MCDONALD answer
these damaging accuBations? He attacked
Gov. MonToN's consistency, paradod his yotca,
abused the legislation of Congress,-all of
which amounted to nothing. But Seuator
MCDONALD declared that, notwithstanding
tho decision Of tho Supreme Court, ho did
not believe nnl mover could admit that Con-
ggeBs had any power to make Treasury notes
lcgal-tender In Payment OF private debts;
TINT Congress might authorize tho issue OF
Treasury notes, leaving tho public to take
them OR not. Ho was, a. a Democrat, op-
posed to tho creation Of my banking system
by tho General Government, and would in-
insist npon their abolition. Ho did not say
anything nbout the wildcat 6tato banks, but,
as Democrat and Senator, ha would de-
clare grcoubRcks void rs legnl-tendc1a, and
prohibitany National Banks. Having done this,
Mr. MCDONALD would leave the country with
~ Ill H1-nA- ~ I
DO tho consequence? There being no logal-
tenders, no National Bank notes, the creation
Of State banks would DO an imperative neces-
sity. 1nstead Of n uniform system Of National
Banks issuing notes, thero will DO thirty -eight
different systems Of State banks. We will
have, as before the War, rotten banks in this
State located Of Thebes, Sparta, Palestine,
Dog Tooth, Wild Doar, Opossum Creek, and
every remote crosa-road and blacksmith -shop
in Illinois. So with nil the other States.
Thirty eight States, each with different sys
ten, will pour forth ita tide Of bank-notes
the value OF tho notes Of each bank will differ
from that of tho notes of all other banks,
and tie notes issued in one State will not cir
culate in any other State, aud every time
man leaves homo no will have to sell his
,,>o,o,, =. = ;,;,,o..t
o5 e.o.s ,;as ~ ~' ''''' J '1'N' 40 es'SSeS y
IT, r;,, Iii ~ s,on .,,oxn*o .h.t co..,,-
nas,"H aa1as as' .A' a,a.', ."aS ''e''"eot n,o'
declaration Of Senator Mon1oa as to the pur-
poses mud aims Of tho Democratic party on
tho subject OF the currency. The clamor
about more greenbacks is fraud !; there Ia
not Domocratio statesman who does not
49, s:". r.'e'o a. NV t.'po's'oe eo.'' !"
ny inc powerof Congress at this time to make
no" nc Issues Of Treasury notes legal-tendcr.
lneEo Is haFdly Democratic lawyer In the
country who does not believe with
senator MCDONALD TINT the present green
DUCKS orc not legal-tonder, but nre
III violation Of tho Constitution. The
ta!k' therefore, Of issuing moro grcenbacks is