The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1876-05-26
A WARNING FROM FORNEY.

1t wonld seem that there is less harmony
among the Republicans on the financial
question than among the Democrats. But
it is no more II party question than that of
Tariff. The views Of members on both of
these subjects, are controlled by their location
or ;he interests of their Immediate consti-
tuens We believe therefore, that the
proper way to dispose of the question is
relcgate to the people of each Congressional
District, and in this manner all shades of
opinion on the question can be fully rep
resented
Speaking of this subject, the Press in speak
ing of the Ohio Democratic Platform, con-
denses its cardinal points as follows:
First, the immediate and unconditional
repeal of the resumption OF specie payments
law second, the defeat of all schemes for
resumption involving contraction of the cur
rercy, perpetuation of bank issues, and the
increase of the interest burden of the debt
third, the gradual and early substitution OF
legal tenders for national bank notes and
| fourth, the issue by the General Government
alone of all the circulating medium, whether
paper or metallic. The fifth, sixth, and
seventh are Il simple elaboration of these
great ideas "Fiith, no forced imitation, no
forced contraction, but sound currency
equal to the wants of trade and industry, Ia
| be regulated in vrlume, aud gradually
equalized with gold by means of appropri-
ate legislation, such as making it receivable
| for customs aud nterconvertible at the
pleasure of the holder with bond bearing
| an interest not to exceed three and sixty-fivC
hundrcdths per cent, payable in gold, Sc
| that the volume of currency shall not he de-
determined by the pleasure or caprice OF
either Congress or the banks sixth, O
| graduated income tax to meet, at least, tho
premium on gold needed to pay interest on
the public debt; seventh, that public policy
and a sense of common justice require that
the silver issued by the Government should
be legal tender in payment of all debts
public or private, and that we demand the
unconditional repeal of the So called silver
act, 50 far as the same limits the amount fol
which said silver coinage shall be lega
tender eighth, that we are in favor OF 8
tariff for revenue only, and denounce the
Republican scheme Of resumption as intend.
ed and operating through large increase o.
the bonded debt, sudden and enormous con
traction of the currency, to double the bur
dens of taxation, rob debtors OF their prop
| tTlN. piouuNilNt hhu
industries, cast laborcrs out of employment
and fill the land with want and misery. fol
the wicked purpose of doubling the value,
of money securities and subiugating tn,
mass of the people to the imperous sway O.
a money oligarchy." 1t is true, these decla
rations were only successful in the Ohio
Democratic Convention after a long strug.
gle, but they are undoubtedly the sentiments
of the large majority of the people of both
PARTIES in that State. Here, at least, the
Democracy are consistent if not argumcnta
tive, but in general their ideas are, we be-
lieve, those in which the great mass of the
people OF Pennsylvania concur. They are
substantial echoes to the ideas of Mr.. Carey
Judge Kelley and the liberal and intelli
gent thinkers among our manufacturing ant
producing classes. No party that repudiate'
these ideas can win in November, and the
only party the record of which has beer
steadily in support of them is the Republic
can party The Democracy of Ohio are
simply driven into their acceptance by the
stress of the times, by the necessities of thei
own people, and by the stern logic of facts
Politicians and President-makers should oh
serve this new movement and be warned il
time,