The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-07-22
GAnFrELD's VIEWS.
His views ON the Presidents southern
Policy, the silver DOllar, Resumption
ana other Financial Questions.
New York Tifnes.l

Policy the silver W0blAFs RNesbA@pbtDs
ANA other Financial Questions.
tNew York Times.1
/ CINCINNATI. July 1s.--The Gazette will
publish tomorrow 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
Ing the attention OF Ohio Republicans
"T'he paper money fallacy,s said he
reappears with perfect regularity
under all forms OF government, and
nearly always follows the same process
OF development. In Ohio we have
fought through the first stages
and must go on. Ten years age
we started In this State with Pendleton.
ism. to pay the bonds In greenbacks
The idea took, and the Initiation wave
lswept the. State. The Republicans gol
frightened and let down their platform
always do when they lower their stand
ard. The next year we got down tc
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 blush turned back on
their record of several years,
and, instead of Pendletonism, we
had bill Allenism.' But as an educator
the campaign Of 1876 was the best we
ever had. Before 1t was over everybody
understood just what we meant. and
with that understanding the people sus-
tanned u.s.. 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 let
ting down on our part. am not stren-
uous for q specific day. Let .us move
on as fast as possible toward specie
basis, and IL when the day draws near
we are not prepared, we can do as other
debtors do--take short extensions-but
let there be no step backward. Put the
plain facts before the people and the
popular common sense will decide for
Correspondent-There is. however, q
great dread OF contraction.
Gen. aarIield-It Is because the peo-
pie think an early settlement of the
question would derange prices, but that
evil came long ago. Prices fell to coin
basis as the panic took effect. Resump.
tion would bring certainty In business,
which would more than counterbalanee
all possible disadvantages resulting
from coin basis at an early day. It Is
be no certainty till the question.
is settled and settled right. i
Gen. Garfield reviewed the history of
other panics, and arrived at the conclu-
sion that the worst Of the present
trouble Ia past. Said he: 1.-THE four
years are drawing near close, and I
see abundant evidence that the up
building has commenced. The agricul-
tural interest is very prosperous; farm
ers all through our section are better
fixed than ever before. It's the same
everywhere. Farmers pay up their
taxes and everything else more prompt
ly than ever before In Ohio. I am sur
prised at the reports get from manu-
faoturers that deal in agricultural i'm
plements. They have sold out their
entire stock on hand for cash, and do
bigger cash business than ever be-
fore. But when you come to railroads
and iron, that interest will necessarily
lag behind others. Farmers are first
out, and all others must follow In due
time. Now, 1t strikes me that, with the
great agricultural population OF Ohio
already on better ground, and with the
positive certainty that resumption will
not injure the farmers an iota, 1t is d |
proper time to lower our standard and |
scare the weak brethren by promising
them long period of uncertainty" As |
to silver money, Gen. Garfield said he |
had no objection to Judge Vests pro. !
position to have $50, 000, 600 issued, and |
take more time to consider 1t. "lThis."
sain he, ia the French system. am |
inclined to think with Mr.. Halstead.
that IL the commercial nations retained |
silver it would maintain It's relation to
gold. But as q matter Of fact, they don't
retain 1t, and II we adopt unlimited
silver which all the rest OF the world is
things now stand. If the silver dollar
were tender equal with gold, the sur
plus from France, Italy, Switzerland
and Belgium, and all that of Germany
and England, not needed for subsidiary
coinage, would be marketed here. It
seems to me impossible to maintain It's
ratio to gold under such circumstances.
In answer to a query as to what he
thought of the Southern policy of Presi-
lent Hayes, Gen. Garfield says: "War
measures must cease some time, and
when 30 good a time as when the war
President went out of offfcel The fact
them by military power
'amiliarized us with the idea of contin-
led interference in their affairs, an in
;erference we should not have tolerated
or q moment In this State; and yet
hose States were in the Union, endowed
With State autonomy, just as much as
ohio. Interference had. to stop, and
President Hayes selected the best pos
,ible time to make the change"
Correspondent-Some OF the critics
Jay there was contract made by Mat
news, Foster 81 Go.
Gen. Garfield don't believe it. The
evidence is all against 1t. No considera-
ion existed for such contract. Presi-
lent Grant said as early as the first
week In January: II have held up those
with the bayonet as long
IS 1 am going to. The people won't bear
any longer. It's got to stop" And
IS to filibustering, Ellis and his col
eagues were doing all they could to
i'd In completing the count from the
cry start. There never was time
when they did not oppose filibustering.
Ne were on the brink OF fearful gulf,
md as American citizens and patriots