Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-08-17

which is stamped upon the lace OF the
bills. The democrats on the other hand
are fighting with desperation for what they
call .'cheap money that is, money at no
fixed value, never equal to gold, sinking
more and more as greater quantities are
issued, and finally if continued becoming
entirely worthless, like the Confederate
notes issued during the war, of which it re-
CURED about the time the rebellion closed
a basketful to buy q dinner.
The democratic platform in Ohio de-
clares for "cheap money" for more rag
currency" William Allen, the democratic
candidate for Governor, also S. +. Cary,
the candidate for Lieutenant Governor on
the democratic ticket, have made speeches
endorsing the platform and advocating in
liation. or more of what is termed "cheap
money" All the democratic speakers, in
GLIDING Senator Thurman, stand upon and
have endorsed the democratic rag-moncv
platform
The republican platform declares for
sound currency Ex-Governor Hayes, the
republican candidate for Governor, and
every republican who has addressed the
people of Ohio in the campaign, have ably
and resoluely exposed the evils Of an in
hatcd, rag-money currency, and spoken
decidedly for currency as good as gold
As an example of the ideas put forth by
The speakers of the two parties, we copy
briefly from speeches made at Cleveland
on the 18th by Colonel w. M. Grosvenor,
republican, and General G. w. Morgan,
a democrat. Colonel Grosvenor said:
"Further imitation only means less saving and
more waste Any new issue Of paper not based on
gold can only drag down our currency, SINK lower
and iuctuate more. Still more it will rob those
who labor. Prices would not rise equaliy--they
never do Farm products and wages would inev;-
tably lag behind. Still more shall the producer
take the risk while the Spectator pockets the
profits. Still more shall wages futter like moh
while interest scorches like steady flame. Still
more shall gambling faint every loan and contract
every engagement to labor and every deposit OF
| the seed in the kindly earth. Cheap money means
a gamblers paradise. 1t means that those who
can control the money market shall plumber others
still more. The big houses shall eat up the little
strong roads and mills shall devour the weak At
the will of few men, stocks and merchants are
cornered and loans called in. Only the strongest
shall held; the rest shall sell perforce Prices 60
down; crops and goods shall pay the losses of the
victims. Cheap money means robbers para
disc
i Turning from this republican speech
showing the evils of initiation. let US look
at the following from the democratic rag
money speech of General Morgan:
1--WE propose that the bank note circulation
shall be Withdrawn, and that greenbacks shall be
substituted in their place.
Next, we are in favor Of an increase of the vol
ume of currency. We mean more money and a
lower rate of interest. We mean that tie BUSH
ness of the country shall be revived. We say that
money is too scarce; that the high rate Of interest
proves it that the want of public confidence and
the stagnation of trade, and that thousands of
failures, all prove it.
AS to the amount Of money, we say that should
be regulated by the demands of business. That it
can be regulated with exacness by the issue of in
est, bonds convertible into greenbacks and green
backs into bonds. These propositions are simple,
and will be easily understood. The republicans
are for less, and the democrats for more money.
| Our readers have only to examine the
obove to understand what the main issue
is in Ohio, and that the republicans are
lighting the battle for sound currency and
honest dealing. The democrats are the
party of imitation and reputation.
1t should not be forgotten that in 1868
Eben +. Pillsbury, then the democratic
candidate for Governor. was placed upon
and endorsed Reputation platform. The
same platform was supported by Charles
p. Roberts, the present democratic candl-
date for Governor, who then undertook to
get up a soldiers party to support Pills
bury. Both men are exceedingly DESTROYS
that Mr.. Allen shall be elected in Ohio
They are for initiation now as they were
for reputation in 1868. If William Allen
is beaten in Ohio, rs we have full faith that
he will be, there will be an end at once to
the talk of demagogues about 'cheap
money! Should he, however, be success
full, the national democratic platform next
year will adopt the rag money doctrine OF
the democratic party Of Ohio, and the fight
over the currency will spread into all the
States.
If General Conner is elected in Maine
this year by rousing majority it will be a
staggering blow to the imitation party OF
Ohio. Our election will tell upon theirs
because it takes place first. Voters of
Maine, friends of sound currency, you may
help the cause of good money by voting
for Conner, OF you may damage it by vot-
ing for Roberts. Which will you east
your influence forp sound currency or ir-
redeemable rag-money?
From the Bath Times
LET US IA PE HONEST MONEY!.