Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1876-02-26
AWoRD ToFINAN0IAL EXTREMISTS,


sitlon of the Democratic party upon
the finances; but SO long as MIR.
Kelley, Of Pennsyivaaia, remains or
thodox, and ia not. read out Of the
Republican ranks, there must cer-
tainly be hopes fer the Democrats.
His recent speech in the house, while
it displayed an amount OF research
which few members Of his party
have made, was not only at variance
with present republican doctrine
but was a straight-out advocacy OF
imitation. The democratic party ls
not responsible for the greenback.
nor is it responsible for the deciara-
ton by the supreme court that heir
legal tender feature 10 constitutional.
But accepting the results of the war,
it has accepted this decision, maze
under republican manipulation, and
IS honestly endeavorins to make out
of the existing condition of a~ffairs,
the best disposition for the welfare
of the people. 1t will not do to deny
this, for it 10 obvious that having no
responsibility for the past, it is to
it's interest in the future to benefit
the country, even though there was
not one spark of patriotism to urge
such course. We are amused to
hear the hard money cry Of a party
which institutsd an ~irredeemabie
paper currency and declared it legal
tender, and we are little less amused
At those democrats whose knowledge
Of their psrty's history is confined to
. cursory reading Of ne wspapers, and
who have not sufficiently explored
the past to know that while the
Democratic party has always OPP
posed . national bank or national
banks, its ablest t%inanciers have never
held that the issuance of treasury
note was unconstitutional. That it
was unconsti, otional to declare such
currency legal tender they did hold.
But, we ask, if it is considered right
for democrats, to acquiesre in the
other results Of the war, is it not
right that they should recognize the
money with which the war was
fought? If greenbacks were sgood
enough to pay off federal soldiers
should they not be good enough for
the ordinary purposes of trade? We
are opposed to the Sherman resump-
ton act because it provides no adj
equate means for carrying out the
proposed purpose; because we do
not desire to do away with green
backs, and because if we did we
should be 10th, at q time when all the
business interests of the country are
oppressed, to see a n%on-interest pay
ing debt supplanted by Que bearing
interest. We are in favor of such
Legislation as will appreciate green
backs to par with gold, and we think
that the first and meat important
step in that direction ia to declare
them receivable for duties on i'm
ports. There can be but one objsc-
ton to this, and that is that the gov
ernment must lave gold to pay the
interest on its indebtedness; but
"ouiu II hot Do oe'tof ~ puiohas
gold for that purpose than to have
every importing merchant in COM
petitlon WIN II. JONI " Ca''oun'
'nah "nonh .hefo nave 'een 10"
Sie~1el 'ninAihs nnae''' o"'' III
one o' MS sfsao 'pe''' as'ns '"e
ohi'eo o'a'e' 0an .H.
now undertake 70 anrm' ana without Inc
;ssn.s t 70. aa1o.am.n, r1,s ~. s,u,,s n,pniss
to receive it for all its dues, would, to the sr.
tens shas IL '0o~ld circulate. form . perfect
s=ovsransnt. thu. !. would I'D be as Uniform in
value as the metals themselves; and 1 shall b.
able to prove that it is within the constitution
anu pm.m w.. aasn..s a.sopa'nn ~ ~.
most rigid r ule Of construing the constitution y
ur Joearso, sold in ,,;e same ron,
,so,ior.
..R,nt nsner must be sum, essed. and the
circulation restored to whom it properly be-
longs. Let banks continue it they please but
80
While w. think that the imitation.
lat. vbo des;re IN demonet;ze go,d
and silver are simpIy luua,ics and
mo,on.niocs MO bo,;ova thot the
.,.rsm. hard mo,av mo-, who desire
at all bazards to bauish gre, ubacks
ar. eithe quoramuses. demaeosues
or wealthy capitalists. who vii. be
| benefied bv contraction. which viii,
tend to make money dearer and
everything else cheaper. We hope te
ses the democratic in the House offe,
tn the country q financial plau which
I'm on-,rsciote. orae,hacts +, oo,d
aud We ara decidedlv of tbe oninion
that it is very foolish OH the part o,
~democrat;c newspapers to saw tina
such and such a corrse ia t,,s vltimt
tb,,ze tn which they will, %. he If
either towards sp.cie or I wara,
oreepbscks. As we hold that The
true doctrine ia the one which will
while IT, utilizes the credit of ts,
eor,trv tn a ssfa limit Mt the sam,
1 H1inQ "QEA nGn M 1Is lInnlpnSQ re