The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-09-13
The Pennsylvania Currency PLANK,
The following is the clause Of the Peunsyi'
~ democratic platform relating to The

The following Is the clause VI .u s Z sotA'y
..ani. democratic platform relating to the
currency: -,
,,o n,rculatiug.medium heretofore made by
,he Republican party, and tho further, con-
tr.o,;on proposed By 1t, with forced resump-
ton of specie. payment, has already DROUGHT
Stsoster to the business of the country, anu
threatens general bankruptcy; ana While we
synress|y ennnciate the principles that =
sor1nd currency should DC gold ana siIfe,, y.
Yesteenable therein, we are opposeu W e'.n
= contraction or Initiation OF, the present e9l
~encv and would leave the restoratioa y. -,
naitenders to Par in gold TO De otousnsao 49,
.on,n,;ne the industries OF the people,
and not by destroying them.
Tb;s Is Blu. slight variation upon the
Ohio platform, and is pretty much our 4 own
wow. lacking two additions VIZ, the pay pay
went Of the duties on imports 10 Govern
: rccnt currency, and the introduction OF the
in,ercouvertibiity feature into the currency
laws. Nothing would more surely and
n,ietly bring the currency to par With gola
than the payment Of all dues to the Govern
meut in greenbacks. 1t would be done WITH
out shock to the country and without any
violent change of values, such as would De
disastrous and bring about ruinous sscri-
fees.
We cannot see why all parties should not
mite on the Pennsylvania plank. AS We un-
derstand it, the Government itself has de-
c,ared against resumption by contraction"
and that is plainly concediug that resump-
ton in 1879, according to the law OF the last
Congress, is not possible.
Leading "hsrd-money" authorities nave
admitted that resumption must be lDden-
ni,ely postponed. That is the OPINION OF
the New York Journal OF Commerce-a
naver remarkable for its commercial expert
ence and its integrity of character. 1t "ould
not ON this important subject subordinate its
views to mere party Interests.
We would not say that it is impossible LOT
The country to resume specie-p payments IN
1879. 1t is possible that, by repeating the re-
sumption law and adopting measures IA
yorable to commerce and to enterprise ana
industry, ereenoacks and gold may draw so
near together that The country would invol-
unfairly and easily slide into resumption In
1879. But to say there shall be resumption
then only defeats resumption. The country
cinuot 20 into resumption with fear, aud ap-
prebension, and distrust, and general pros
tration of industry and business.
Now. if the unconciliatory hard.money
men will make but slight concession the
pennsy yania platform will meet the general
views and wishes. But If they don't, why
the people will whip them into IT. Their
nonsense about initiation Is but an insult to
the intelligence OF great nation and they
cannot frighten people into adopting their
grinding policy that will submit the coun-
try, in typhoid state, to process of depe-
ton and dieting, SO reducing the public en-
ersies that the recovery from its present ex-
huustion will be delayed indefinitely.
We therefore think that the greatest mar.
plots to the early restoration of the prosper.
icv and contentment of the country are
these very hard.money grad.grinds. They
impede alec the restoration of rational good
feeling and hurmony. For people dis
turbed and distressed by want Of employ
mept and scarcity of means will not be in.
clined to cultivate the gentler sentiments of
kindness and good peighborhood. Msfor-
tune indeed chastens the feelings and gentles
the temper but not while the screws OF OPP
preston are bearing down upon men will
they forget the oppression and cease to MUIR
mur and eXecrate its authors.
Rest, peace, good feeling, all demand quiet,
order, and facility for the finances aud free
dom from distrust and apprehension for the
public mind.