, 1875-08-02


HAYES AND SHERMAN III OHIO.
Wo print this morning extracts from
speeches delivered Saturday ut Marion, o.,
by Gen. Il. D. HAYES, tho Republican cantli-
| date for Governor, ind tho Hon. Jors SuEE-
MAN, one Of the United States Senators from
| Ohio. They sound tho keynote OF the Ohio
campaign. It is the currency question. Tho
| issue has beeu matlo fairly mud s1raroly in
That State. It has been given M exceptional
| prominence in tl!o pary platforms, and vari-
| ons circumstances haye combined to raiso it
| above Nil issuca Of local character. Tho
! stuation gives tlo Ohio campaign national
significance. It is not surprising, therefore,
that a1cssrs HAYES aud SHERMAN should
both llavo slcyoled themselves almost exclu-
| sivciy to tho discussion of the currency, md
| their speeches togethcr draw a notable COLI
| trust between the firm, consistent, and hon
| c1t attitude Of the Republican party on tho
QUO side, and tho inflrm, vacillnting, and dis
honest purposes Of their opponents. Tho
| Republican speakers III Ohio during this
campaign hayo no opportunity to cater to the
selfish tendency Of their Eenrers. md no oc-
| NdA1pu ~ III III LHN EAS}
~ Of cllcnr money. They appeal directly to
tho intelligence md good fnith Of tho people,
anil, if they sltall bo successful in this appeal,
they will lave achieved victory that will DO
| not only creditablo TO tho State Of Ohio, but
| ono which will assure tho ultimate triumph in
| this country Of tho policy that favors a sound
| currency md tho conservation Of the public
faitll.
| Con. HAYES took occasion on Saturday to
| traao the contradictions nnd Inconsistencies
! Of tho Democratic party in Ohio on tho
money question, n,l1 showed into what diro
confusion and probable dofeat this course Ind
betrayed them. Gen. CART, tho Democratic
candidate for Lieutenant Goveruor, is about
tile only man among tho leaders OF tho Demo-
ernts who Inns dared to state frankly tllo truo
meaning Of their position OIL tho currency.
"With m absolute piper money" ho says,
"stampcd by tho Government, ind mado IL
lcgal-tenler for all purposes, it's functions ~
money aru as perfect rs gold or silver can be. "
Tlis is tho financial scheme Of the Ohio Demo-
crats in nutshell. 1t means tho unlimited
| inllation OF professcdly irretlecmablo paper
currency, loclnrod money by net Of Congress.
md put ont al HJituns with formal notice TINT
it is mover intoudod to redeem it. How
| much would slch currency ba worth? The
French assignats, the shinplastors Of tho
carly American Revolution, the paper
"money printed by tho Southern Confel-
eracy, 1nny all DO citod in vain as an iudica-
tion. Such s'noney" as Gen. CARx and
Tho Ohio Democrats propose would not rctain
a titho of tho vaiuo OF those samples wo
hare mentioned. and history laa demonstrated
how little value thoy had.
Gen. HAYES has given Eomo insight into
the manner in which this imitation polfry was
fixed upon tho Ohio Dcmocnts. Old WILL
IAN ALLEN was formerly hart-money DEM
ocrat. Senator THURMAN sail only Inst year
in the United States Senate TINT " imitation
Of tho currency means that tloro shall mover
be any resumption at nll." Two years ago
the Do1aocraLo Convention in Ohio which
nominated ALLEN for Governor said aatly
that lit recognized tho OWLS Of m irrelcc1u.
nblo paper currency" Tho intuition policy
was sprung upon tho Democratic Convention
Of this your, aua tha mon Of tho party witt
| sufficient intelligence to understand its
dangers have not had sufficient honesty Il
1epudlato it. This is tho situa,ion, ant
Guu. HAYES points out that it haa produced
the Widest confusion aud Generalization ii
tho party. There haa been storm Of criti.
cjsm. There has been q considerable disaf
fcction, and Gan. HAHEs Bays that, II Mr,
THURMAN could got that Convention together
again, ho would rout the inaationists, horsp,
foot, and dragons and that q it now looaf
as II Gen. OAHY might DO loft almost alone
before the canvass ontls."
The uttesances OF AIr. SHERMAN on satur.
dny woro as clear, consistent, and outspokon
Oh they alwoys hayo been on tho sub.
jeot OF the currency. As tho Chairman ol
tho Finance Committee Of the Uuited States
Senate, Ills uttorences have peculiar siguif
cAnco. He punctures tho common fallacj
about contraction, which rests upon tlt
falss assumption TINT the amount OF currcn
, cy needed cln BE- fixed by Inv. Tho resu1np
ton OF upooie-paymanH would not be q con
trnet!on Of tho currency below tho necessi
ties Of business. Tho paper currency wou't
t only bc Eetixsl until 1t would pass ut par II
, | gold. 1t would then 10 money. Gold oil,
. silver would then come into circulation, AM
t supply tho place Of the retired currenc,
I to exactly tho extent that tho demand
: OF business require. Our currency ,#oul,
, then be Like that Of Trance, and England, mi
. Germany, intesconvertiblo with specie, an
. circulating alongslde Of gold mud silver. I
, would bo money with azod standard value
like gold aud silver. The people would the
be like tue FTonchman with hia bunk bill
: | 1pho diIpIt want the Fapnev IL the banI In