Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1876-02-24


! IN all-and then Incorporated In the same
law solemn assurance and pledge that
4 1.-The total amount of United States notes
issued and to be issued. shall never eX-
ceed four hundred millions of dollars "
Aud to this pledge every Democratic sena-
tor and representative asseuted. either ac-
lively and silently, as the journals of both
Houses will show. The subsequent readi-
! ness of many OF those gentlemen TO trample
on 1t must be upon the broad principle OF
OF ethics that the government should keep
those pledges which ars profitable. and dis
regard those which 1t will pay to violate.
W hen the war was over and the Union
saved. one OF the first duties of the govern
ment was to improve its credit and restore
| sound currency to the people: and h.re
we might have reasonably expected the
aiu of the Democratic party. But we did
not receive il. lrrecOncilably hostile to
issue OF legal tenders when that form of
credit was needed for the salvation of the
country, the Democracy, "a soon as the
country was saved, conceived violent
love for these notes, and demanded an al
most illimitabe of them. Mr. Seymour
a the Democratic candidate for President
in 1865, scouting the four hundred million
pl'dge, stood on platform demanding
that sixteen hundred millions of tivc-twen-
NAtS bt lai'I pll III it-di tcuueTs. ana ne so
heartily approved this policy that in his
letter OF acceptance he declared that "he
should strive To carry 1t out in :he future,
wherever he might be placed in political
or private lie His position at that time
was approved by every Democrat OF high
. or low degree in New York, was unani-
mou>ly re-ailirmed In their state conven-
tion, was sustained by all their newspaper
organs and was the recognized creed of the
party. East aS well ~ West. Mr.. Seymour
and his political associates in New York
have changed Ihanged their ground and
now proclaim an honest financial creed :;
and after the manner OF the Pharisces they
broaden their phy,acteries. make loud pro-
LESSONS OF superior zeal, aud thank God
rcvcrcutly that they are not as their sinful
brethren of the Ohio Democrocy-thuse
financial SadducecS. who continue to re-
Jcct all idea OF resurrection or redemption
for the legal tender.
have thus briefly referred to the past.
Mr.. Chairman. only because think il ha,
an important bearing on the present and
the future. do not assume that the Re.
publican party can possibly discharge its
pending respon>ibilltic, by merely pointing
10 IL former grand achievements Let
not virtue seek remuneration Tor the thin.
It was. But do claim that on thi, iiuan-
clal question the course of the Republican
party in the past is l guarantee Tor the lu-
ture, and that equally the course of the
Democratic party, Of both wings and all
shades. i menace and 4 warning to the
people.
IT, however the New York school OF
Drmocrai>.repentingo oi their former course
and seeking better ways for the future are
ready 10 give honest help in the restora-
afn "a y.
lv welcomed and their faith will be tested
by works before this season of Congress
closes. They will not, however, deem it
>tranN or harsh if remembering their past
record, we feel AN uncomfortable sense
oidi>tru>t as 10 their entire sincerity
IN the future. This di>trust j. increased
when We witness the braZen boldues. with
which. in full view OF their reputation
record OF but Yesterday. they assume q
suited tone oi superior honesty on the H.
nancial question. and affect patronizing
language toword the Republicans who
saved the nation from the lasting blight OF
Mr.. seymour, triumph in loGS. Still fur
ther deepeued and strengthened i this dis
trust when We remember the formal ALI
ance which the the New York Democrats
have renewed with the Democrats OF the
South.to whom our whole financial system
Is but a reminder of what they themselves
term their >ubjugatiou and who from past
acton and present tendency are untitled TO
To be the safe repository of the nations
pledges for the payment OF its war debt.
We have passed into a new era, and 10 re-
call tue Southern Democracy with their
appealing record. to their ancient control
in this country would be as decisive a step
backward and nightward as it would have
been for the English people 10 surround
~ a. ii"iient iiaue
' "P W " - W '"9 to.t iiou'T vi stuart
% =. "ct'u oe t'ie rIench As
~ ''' "e. % Nv anon aSao'Het ue-
'',su ~ t'ie io.tuhes Vi ue"ry fht'.
A. ~ = saIu at vac o'''set oi my remarks,
~ ~ .t O'A'i man '''e cou,''S Is SUFFERING uh-
uei vi o''e Vi thoee pei ,ou'cai teEuislohs ID
~ ~ ~ "'' 'o.iii,e'c c'a' Halions'
49,, ia' Io "i9d''i vi iegIs'a-
s'o'' 10 oee'i 'ote - a'ei'' me natural
y. F'oiic ~ a'''e anu aiert
'ioi ,ooHs io' an instant ,i. reinedS' ana
t'lo Wv uaii ~ sueii IoiiulIlol oi tue pup
~ - tua' 'o"ie'"i"s ''at oe auoPI'u
tiat "!ti ui.'uiaie'S ueepeh the disease
ta'ne. ., 'n'Il 'ds the srounu"ork iof ah Ell
a'Itua' LII ,"tuia'y ei.ouSh III such
d 'i,ie the 'iieoiieS ioi iciei are numerous,
anu NC na'e iua''eIous flchts ouefed
mneieUt 'iie peoPIc snaii oe ehao'e" l" pay
tile aoliar lhey owe win less Than hun
uitu ,.t cents mniie lhose VINO are caught
WIN suen ueiusion seemingly forgot that.
even II ihls pe so, they must likewise re-
ee'e leSs thall a huhdre1 cents ior the dol
lar Una. Is uue .he,i, hether ,he dollar
tna' thes owe to-uay or the dollar that Is
que theih to-ihorro" VIII nave the greater
or iess NUMBER oi cents tdepehds on the
shifting oi causes "hicn they Can neither
cohtl"i nor iorsee' anu therefore All Ger
tail, caIcuiation IN trade Is set at defiance,
anu 'hose branches oi business which take
OH the lorih OF gaInOiih@ are by a financial
pfaauoA the most secure ana most promls-
hg:
Uncertainty as 10 the vaiue oi the cur
rehcy from day 10 DAY is injurious to all
honest industry. And while that which is
known as the debtor interest should be
iairly anu generously considered In the
Shaping OF measures ior specie resumption
thefe Is no justice IN asking ior imitation
on It's oehaii. hather there Is the greatest
injustice ior you must remember that
there Is "a large class OF most deserving per-
sons VINO would De continually and re-