The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1875-07-17
Hard Money VS.. Currency.

The question of finance seems a
leading one in the political contest in
both, Pennsylvania and Ohio, and
the manner in which the republicans
dodge the hard money and paper de-
mands, is ingenious to say the least
of it. The second plank in the Ohio
platform reads thusly:
2. That the policy of finance should
he steadily pursued, which without
unnecessary shock to business Or
trade, will ultimately equalize the
purchasing capacity of the coin and
paper dollar.
Now we all know aud believe that
we'll enough; but how DO our repub-
lican opponents propose to equalize
the purchasing capacity Of paper
dollar with that Of a coin dollar ?
The above plank to our mind, is
vague and unsatisfactory, and We
doubt not, will be so to the great ma
.jority of the intelligent voters of
Ohio. The policy which the republi.
cans lave been pursuing for the past
sixteen years, of disbursing moro
money than is received from levc
nue., will not bring about the era Of
cqualizing, for long time, and the
Impotence of the American people
to have an honest, economical gov
eminent, will brook no delay. That
economy and honesty can mover be
had from a republican admin;stra-
ton. The republicans might have
explained in a few words to the vo-
ters of Ohio, how they proposed to
bring about this millennial era of
equalization. Not, we hope, ia S42,-
100000 deficits, as last year; not
with exhausted appropriations on the
LIST of June, in the departments of
the Interior aud Justice no such ex-
travagance would ever "eqnalize."
The currency is we'll enough and
good enough, if it were only properly
managed, and in taking Morton, Lo.
gan, Conklin, Blain, and other re-
publican lights, as examples Of none
tary knowledge, we are of the opin-
ion that, that party has adearth, even
Of third rate fnanciers, hence the
utter impossibility Of these men and
that party, to grasp the subject; q
subject requiring deep study and the
ripest mind, we'll stored with cor
rect and practical knowledge Of po-
litical economy. The class OF men
the republicans have been sending
to the Legislative halls Of the Union,
are not up to that standard, they are,
on the contrary, of the "fog horn"
sort, successful or broken down Gen
erals, Colonies, &C., whom an over
generous constituency elected, as a
matter of reward, no doubt, to make
laws for our country, and pretty
mess they have made. A General
like Logan, for instance, "bearded
like the pard," may seek danger and
he successful, even at the lannon's
mouth, but when he advances his
lines against a power unseen, but
which permeates, not only the land
of the bloody Southern rebel, but
throughout the commercial world, he
finds his windy army of words com.
pletefy f1anked by the stern logic of
fixed facts. Pennsylvania puts it in
this wise:
"8. Free banking, a safe and uni
form National currency, adjusted to
the growing wants of the business
interests of the country, and q steady
reduction of the National debit"
But this stops short Of relief, or
even a show Of relief; boil, these
planks are simply sound political AZ
IONS, which must be followed out by
a strong and healthy power to accom-
plish-both have been standing para
graphs in every work on political
economy ever written, and it seems
ridiculous that the republican party
after being in power 90 long; after
having the entire management of the
financial affairs of the government in
that time, should now go back to the
a be study of the simple rules of
finance. At this rate lease of pow
er for hundred years would be re-
quired, that they might learn that
the confidence IN the ability and desire
Of the government to redeem its cur.
rency ct any time ,ohen called upon,
will make at once the paper dollar
equal to the gold dollar; this conf
dence must not only be instilled by
wise legislation into our own citizens,
but the commercial world abroad
must also be inspired with the knowl.
edge that our government is prepared
on demand to redeem its paper issue
with gold.
The leading question with all po-