The daily Argus. (Rock Island, Ill.) 1873-1877, 1876-01-08
WHAT IS THE DOCTRINE OF THE
DEMOCRATIC PARTY ON THE
CURRENCY QUESTION.
Some Official Testimony.

From tie National Democratic Platform, Balti-
more, July 10, 1879.
". The public credit must be sacredly
maintained, and we denounce reputation
in every form and guise.
IS. A speedy return to specie payment
is demanded alike by the highest consider
ations of commercial morality and honest
government"
NeW York Democratic PLATFORM 1874
u, Gold and silver the only legal
tender; no currency inconvertible with
coin.
~. Steady steps toward specie pay
ments; no step backwards.
"3. Honest payment of the public debt
in coin; sacred preservation of the public
faith"
Ne'o York Democratic Platform, 1876.
A speedy return to specie payment is
tons OF commercial morality and honest
government
THE present depression of business is
caused by the reaction from the unhealthy
stimulus of au excessive, deprecated and
irredeemable currency; by enormous and
ill-adjusted municipal, state and federal
taxation, and by extravaganza, waste and
peculation in the administration of public
affairs. The remedy for this evil is not
to he found in the renewal of any of these
courses
In the face of the fact that the existing
volume OF currency is greater than can be
absorbed by business; in face of the fact
that the recent fall of prices was followed
by repeated mutations, any attempt to IN
crease the currency would be worse than
Intellectual to revive prosperity, for it
would interrupt the healing processes of
industry; it would be worse than futile to
restore confidence, for it would create dis
trust and new uncertainties in business,
paralyze the beginnings of enterprise, rob
labor OF its too scanty employment, and
while sitting the progress Of legislative re
forms, would inhict lasting dishonor upor
the credit, the intelligence and character
of the country.
Gold and silver the only legal tender
no currency inconvertible with coin.
Steady steps towards specie payments
no step backward"
NeW Hampshire Democratic Platform, 1878.
An economical administration and al
honest currency the only assurance Of ma
tional prosperity. No more financial shan
congressional legislation; specie payment
are the demand of the people,"
DetdoCare Democratic Platform 1s74e
Protest against continued issue of al
".
oregon Democratic PLATFORM fS7f
Demands resumption of specie pay
ment; opposes paper currency"
Ne0add Democratic Platform, 1871.
Specie payments.
New Jersey Democratic Platform 1874.
The restoration of gold and silver a
the only true basis of the currency; tn
prompt resumption of specie payments an
the payment of all national indebtedness
in the money recognized by the civilize
world"
Indiana Democratic PLATFORM 1874.
We are in favor of return to spec
payments as soon as the business interest
OF the country will permit
Massachusetts Democratic Platform, 1914.
The speedy resumption of specie pay
ments is alike demanded by honor and rec
ognlzed by by all the civilized nations @
the world as the only sound and health
basis of currency"
Pennsylvania Democratic PLATFORM 1874
IA steady effort should be made t
bring the government notes to par wit
gold, and to secure a return to specie pay
ments at the earliest possible period tina
resumption can be effected with safety"
Illinois Democratic Platform, 1874
The restoration of gold and silver a
the basis Of the currency of the country
The speedy resumption of specie payment
and the payment of all national indebted
ness in the money recognized by the civil
lied world"
Connecticut Democratic. Platform, 1875,
The use of bad money imposes an ur
equal and dishonest tax which bears mos
heavily on those who work for wages
that irredeemable paper currency, by what
ever name known, is bad money, and tina
it is fraud in time of peace for the COY
eminent to make anything legal tende
except. gold and silver coin of fixe
standard. The Republican party ha
proved itself unfit to rule, because wit
unlimited opportunity it has failed to max
the bad money which it has forced upo
the people, equal to the good money wit
which it pays its bondholders
Maryland Democratic Platform, 1876
Protest against any increase of the eli
culating currency, but demand that sue
measures be adopted by congress as wi
result in the resumption of specie paymen
at the earliest possible moment"