The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1877-07-21
VIEWS OF GEN. GARFIELD.

THE PAPER MONEY FALLACY-uow PEN
DLETONIsM WAS sETTLED-NO STEP BACK
wARD-PRosPERITY AMONG FARMERS
SILVER MONEY-THE PRESIDENTS SOUTH
EKN roLICY-THE STATE sENAToRsHIP.
The Cincinnati Gazette of the 18th pub
fishes an extended report of an interview
with Gen. Garfield. He was found at
his farm in Lake County, where he has
lived in retirement since the adjournment
of Congress, and talked freely on topics
that are engaging the attention Of Ohio
Republicans. "The paper money fallacy,"
said he, "reappears with perfect regularity
under all forms of government, and nearly
always follows the same process of develop
ment. In Ohio we have fought through
the first stages and must 60 on. Ten years
ago we started in this State with Pendle
tonism, to pay the bonds in greenbacks.
The idea took, and the initiation wave swept
the State. The Republicans got frightened
and let down their platform little. They
got beat of course; they always do when
they lower their standard. The next year
we got down to basis principles, put
sound financial plank in the platform, and
beat them. That settled Pendletonism:
but we drove the nail through by the Coin
act of 1869, and clinched it. But nothing
is settled in this country as long as we
have irredeemable paper. The Democracy
without a blush turned back on their record
of several years, and, instead of Pendle-
tonism, we had Bill Allenism.' But as
an educator the campaign of 1875 was the
best we ever had. Before it was over
everybody understood just what we meant,
and with that understanding the people
sustained us. Now, | cannot believe that
all that education was thrown away.
do insist that the people are sound ON the
subject, and there should be no letting
down ON our part. | am not strenuous for
a specific day. Let us move on as fast as
possible towards a specie basis, and if
when the day draws near we are not pre-
pared, we can do as other debtors do take
short eXteusions-but let there be no step
backward. Put the plain facts before the
people and the popular common sense will
decide for us"
CorreSpondent--There is, however, a
great dread of contraction.
Gen. Garfield-1t is because the people
think an early settlement of the question
would derange prices; but that evil came
long ago. Prices fell to a coin basis as the
panic took effect. Resumption would
bring certainty in business transactions,
which would more than counterbalauce all
possible disadvantages resulting from Il
coin basis at an early day. 1t is uncer-
tainty that kills. There will he no GER
tainty till the question is settled, and set
tied right
Gen. Garfield reviewed the history of
other pauics, and arrived at the conclusion
that the worst of the present trouble is
past. Said he: The four years are draw
dence that the upbuiIding has commenced.
The agricultural interest is very prosperous;
farmers all through our section are better
fixed than ever before. It's the same
everywhere. Farmers pay up their taxes
and everything else more promptly than
ever before in Ohio. | am surprised at the
reports get from manufacturers that deal
in agricultural implements. They have
sold out their entire stock on hands for
cash, and do bigger cash business than
ever before. But when you come to rail
roads and iron, that interest will necessarily
lag behind others. Farmers are first out,
and all others must follow in due time.
Now, it strikes me that, with the great
agricultural population of Ohio already on
better ground, and with the positive certain
ty that resumption will not iDjure the
farmers an iota, il is a poor time to lower
our standared and scare the weak brethren
by promising them long period of I'M
certainty" AS to silver money, Gen. Gar
field said he had no objection to Judge
Vests proposition to have $50, 600, 900
issued, and take more time to consider it..
"This,' said he, sis the French system
| I'm inclined to think with Mr.. Halstead,
that if the commercial nations retained
silver it would maintain its relation to gold.
But as a matter of fact, they don't retain
it, and if we adopt unlimited coinage, we
simply agree to take all the silver which all
the rest of the world is throwing out
There is no help for it as things now stand.
If the silver dollar were tender equal
with gold, the surplus from France, Italy.
Switzerland, and Belgium, and all that of
Germany and England, not needed for
subsidiary coinage, would be marketed
here. 1t seems to me impossible to main
tain its ratio to gold under such crcum-
stances"
In answer to query % "nat nc
thought of the Sou1l,ar- polcy Oh ffesl-
dant Uayes Gari Garfield says: War
me.snroS mns. lease some time, and when
60 goca d time as when the war President
80 out of office? The fact that we con-
quercd those States and then reconstructed
them by military power familiarized us
their affairs, an interference we should not
have tolerated for moment in this State;
and yet those States were in the Union,
endowed with State autonomy, just as
much as Ohio. Interference had to stop,
and President Hayes selected the best
possible time to make the change
Observation-Disclosures of the critics says
there was a contract made by Matthews,
Foster & Co.
Gen. Garfield don't believe it. The
evidence is all against it. No considera-
ton existed for such contract. President
Grant said as early as the first week in
January: 81 have held up those Govern
ments with the bayonet as long as ] am
going to. The people wont bear it any
longer. It's got to stop" And as to
filibustering, Ellis and his colleagues were
doing all they could to aid in completing
the count from the very start. There
never was a time when they did not oppose
tilibustering. We were on the brink of a
fearful gulf, and as American citizens and
patriots they labored earnestly for settle
ment before there could have been any
inducement offered them as partisans. No
that story won't do. Our people have the
highest confidence in President Hayes. In
conclusion. the General expressed himself
very strongly against any Senatorial con-
test in advance OF the election. LET us
devote our energies, said he, "to carrying
the State first, then settle the Senatorship
as if it were an original question:
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A TIME-1ONoRED SPECIFIC.-The long
and successful career of DR.. WIsHART' $
PINE TREE TAR CORDIAL, as contrasted
with the speedy collapse of noGtrums de-