The Republican journal., 1875-11-04
Gov. Hendricks on the Money Power.


~ 10 lEe money ISSUES Vi inc campaign.
W e make the following extracts:
An Eastern magistrate had before him three
Young men TO debate upOn the strongest intlI-
ences in an Eastern kingdom. First. whether
money was the stronger? second. whether wo-
man WAS 1he STRANGER and third whether
truth was the STRONGER. The debate went on
and when it was closed the iudges hearing it
tlf rijpd that truth was the stronger and the
king threw the cold chain around the neck of
the Youth who advocated il.
,.,r ,,,,, ~ rttr voprp's MS
80 i>N ,rnt,v
eeome down now 10 lIe enu'Sehl !iSut VI 'ne
l9th century--ol our hiSntl ti' hlAatioh' ~"
Is IL now: Is MONEY VI tlutn Stronger III lhis
Tree country ot ouls' iou aic W oettie that
question Wheli you CONF 10 tiie polis next
month. low does ms dep;'te STAND before the
people u iclhss !. ana TOT many years the
poHtlcu pony, vi tnc state anu lhe littlon mas
beeh snapped ny lne republican parry. IN the
congress oi me ! lteu otities IL had majority
Wnlcn dehcu tne presidential veto ana deHed The
influence Oh me Note OF Tue democrats. lhey
nave controlled ana fashioned pontlcs Ill TINS
Nlile where tntN controlieu lle pupllc itppropri-
atoms. HOW l. II lheh to come before the intel
liscHt people OF lthllsg ~ anna: Silall lheN con-
thue in this power: Or shall they render an
account O1 their exercise OF IL ID Inc past: Nno
says the democracy are on the defensive: we
have not been III power and could not control
Inc publlc POLICY. lhey nave ana LOT whatever
consequences nave followed from thel pollcy
theN are cnarSetnie- "A Jew years ago, ana
rs theE CANNED, lhtif policy was bencIclai.
Inc currency was Soou III ail parts OF The
country: lil%h wages rfeNaileo ana labor was
lfouuctNt' INeIN ihlli9 WAS prosperous, ana
they were entitled to the credit. rms was The
result, they SAID OF republican government and
administrations conceded IT,, But us they
ttilInCt the reward tOr nrOSDpfitN then, 50 now,
When we are euffouhtlel MOI by PROSPERITY Dut
ny adversely, tnrN must py All Ialf reasoning be
held responsible And let them account Tor
The condition i'll which we ma ourselves Why
Is II that labor seeks employment ana not en-
ploNnehl labor: W ny Is IL mat me pfouurts
OF the country seek Il mar%el instead OF the
market seeking me products: why l, IL that
IN every part OF thls great country hard times
! heard IN every part OF the llnd except III par
Ocular families! Ana III >uch Il country as no
other people can boast, when every acre OF SOL
+ productive, When we ought 10 De All prosper
ou~. why are we MOI prosperous: Let the
republican managers who ask continuance IN
power answer that question. Before they can
lake another step III advance they must satisfy
t '''l ii,' NY ,ti.,t '''o amt,
G.Nr tLev made thnt answer In This rity
.fat NH n,tinn hive thrv shawn thriI. r.snnn,
.ibiIjfy for The eyl,en,rs being SO oreat. Ave.
cuorllious-that taxation is so burdensome. The
p.,,ninus oflahor sn rontractpd1 Let them an
.lycr fhat ouestiou before they demand = con-
FINANCE of nower.
49,, 49,. ...-,.... ...-
RNEHllON9 ~ DE AN9NH A''p ->ON'
There are some questions which should be an
sWered noW-nOt rs II the democracy occupied
in this controversy defensive po>lton-but
upon the fair argument that the party which
has had The power must respond to the people
Tor the manner III which thit power mas been
exercised: IN respect TO thc finances OF the
country, have little 10 say TO you tonight
with reference 10 any policy of the democratic
party. When that party comes into power 1t
Will be It's mission to promote the business and
the enterprise OF this country by a great cur
rency, sufficient Tor its business, great cheer
ing !; good currency; but the question tonight
is, what is the policy of the republican party III
respect to the finance OF the country? And that
policy, in my Judgment, is found in two acts of
congress. The first OF these. passed on the 18th
day Of June, lN6l, provided for free banking, but
at the same time it provided that the greenback
currency OF this country should remain at three
hundred and elghty-two millions of dollars
So 1000, 00D). When the debate upon that bill
was progressing, Il distinguished senator an
nOunced to the Senate that the fair construction
of the measure would be that there was to be
no reduction OF the greenback currency below
s,3S2,000,000, and that statement was made by
Il senator from my own state, a republican SEN
ator. They passed the bill, and the country
aCqulc>ccd in it in the belief that that law, es
pecially for the time, did fix the greenback cur
rency at $50 900. But before eight months
rolled around new measure was introduced
into the congress OF the United States-;l meas
IRE contrary to the policy Of the act of 1874. |
speak now OF the act OF the l4th day OF January,
',.iil for q. oti, iliio law
,,,,t L',, l;tti =, 49, -, :" ~; ~ p's
49, +lt .|i ~ 3 ~ ~ Va % ~ ioniS ".
ii,, ',i+r lt ~, Wv -, VI I! ~
a. +i S,,t 4i i;t - - S'I iI; a.
] it -; a. elliot ~ anu, pelic I,
if r. ~ 40 .diG no ~, ~
M. I ~ lu't1 ~ ~ i WY
IL, mn ,,Ilerv in a snnprn tl,t was made in tbp
>f,tr of Ohio very recently. bv Mr. senator
sherman rhairmYn of the finance committee Of
the Sena1n lie stated in his sneech. in opening
the canvass in Ohio. that thc act of january lasf
was uasscd bccause the fortunes of the repub-
lican pYrty required if. lie stated in that speech
ti,nt a y,or ,@d tho rpnrhlicon Marty went into
thr contest in ali the eIertions in tbe country
tyiln,,t .,,5, nnIi, ,,non tba tinancas md M
tnt ',,o,. hStnn al aionn thn Inc and that
WIZ, tb,- 'nt IL, ,.rI thn fniio,vina
i,,,, tla,, had iaan taI5obt i, tIaSa 1nfni3S tho
~ it:'I ~ uar
l ,,,,I III i Ii1l N' ''ie' w
we "i'1 'i''' '''' '''
llE POLICY OF THE REll BLICAN PAHl1s