The Jasper weekly courier., 1876-05-05
The Financial PIanks In the Plat
formssof the Republican and
Democratic Parties of Ind.

Democratic Parties OF Ind.
That our readers NAV study the great
difference between Republican aud
Democratic theories OF finance we SUBJ
join the " Planks" on this subject from
each OF their platforms.
4 The twelfth Plank in the Republican
Platform Of the 22d Of February, reads
thus:
II. We believe that IL is the duty of
The Government IN furnishing a National
currency 10 80 regulate il a. to provide
Tor its ultimate redemption in gold and
silver; that any attempt TO hasten this
period more rapidly than il shall be
brought about by the laws of trade and
commerce is expediont. Therefore. in
our opinion so much of the so-called re-
sumption act as fixes the time for ihe
resumption of specie payments should
be repealed, and after such repeal the
currency should remain undisiurbed.
neither contracted nor expanded. we
being assured that the financial troubles
OF the country, when relieved from IN
lterlcrence, will be speedily and perma-
lnently cured by the operation of the
natural laws OF trade and 10y preserving
that course OF policy which The Repub-
lican party has constantly maintained oe
,steadily looking to an ultimate resump-
tion OF specie payments.
! Here il what the Democratic platforms
of the 10th inst. says about it,:
4th. We believe in our ancient doc
trine, that gold and silver are the true
and safe basis for the currency. aud we
are in favor OF measures and policies
baf -. q,
the coin and paper money Of the coun
try, without destroying or embarrassing
the business interests Of the people.
5th. We oppose the contraction Of the
volume OF our paper currency, and de-
clare in favor of the adoption of meas
ures looking to the gradual retirement
of the circulation of the National Banks,
and the substitution the efor of circu-
iating notes issued by authority of the
Government.
| 7th. The legal tender notes constitute
a safe currency and one especially valu-
.able 10 the debtor classes, because of its
legal tender quality. and we demand
1.-THE repeal Of the legislation enacted by
the Republican party providing for lis
Withdrawal from circulation aud the
Substitution therefor of National bank
paper.
Sth. The act.of Congress for the re-
sumption OF specie payments on the lst|
of January, 1879, was "a party measure,
devised in secret cancus for party ends,
and forced through the House of Rep
resentatives without the allowance of
amendment or debate, under party dis
lcipline II palalizes industry, creates dis
trust Of the future, turns the laborer and
producer out of employment, j. a stand
ing threat upon business men, and
should at once be repealed, without amy
condition whatever.
1t will be seen that the Republican
Platform opposes both contraction and
Expansion of the currency, whereas the
Democratic Platform only opposes con-
traction, and is silent ss 10 expansion.
Another difference is in the demand
OF the latter 10 abolish the National
Banks, and the substitution of Green
backs for National Bank bills.
And still another difference is. The
Republican platform only demands the
repeal of that portion of the Resumption
Act which "fixes the time for the re-
sumption of specie payments leaving
that portion which provides for selling
L. 5. bonds for gold to ultimately re-
deem the grcenbacks with unrepealed.
and leaving il to the option of the Sec
retary of the Treasury as to how rapidly
he may contract the currency and force
resumption, under the remaining sec
'ltions of the act; " lille the Democratic
platform demands the unconditional re-
peal Of the entire act, and leaves the
currency question to work itself out.
without help or hindrancc from legis-
lation, or onc-man power.