The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1877-06-21
RETURNS TO PLAGUE TIE IN
VENTORS.

The famous act of 1860 by which the
$40 bonds were made payable in coin,
and which resulted in an outright loss of
$500, 900 900 to the United States Cow
ernment, now returns to plague the in
ventors. That law was passed by Re-
publican votes against the protest of the
Democrats in Congress, who considered
it unjust and violation of the contract
made between the Government and the
people when the $40 bonds were first
issued, as by the terms of that contract
they were made payable in lawful
money, which at that time was the
greenback. The National Democratic
party in 1868 had declared in favor Of
the payment of these bonds in greens
backs in the following decided language:
One currency for the Government,
and the people, the laborer and the Of
fceholder, the pensioner and the soldier,
the producer and the bondholder.
The Democrats Of Ohio in that year
decidedly demanded that the $50 bonds
be paid in greenbacks, and even the Re-
publicans of this State yielded to the
popular cry and also put in feeble pro-
test against the violation of the contract,
just as they will probably do this year
on the question of the reconciliation of
silver, That act of the Ohio Republir
cans saved the State for their party in
1868 and consequently elected Grant to
the Presidency for his first term. But
no sooner had the Republicans secured
a continuance of power than they with
that intelligent and famous financier,
John Sherman, as leader, deliberately
dsregarded the wishes of the people, and
the law Of 1860 above referred to, was
passed, making the $40 bonds payable
ONLY in coin,
But the point now at issue, to which
we desire to draw attention, is the fact
that this law, then passed in violation of
former contract and for the especial
benefit of the bondholder to the detri-
ment of all others, provided NOT for the
payment of these bonds in GOLD, but in
COIN, which at that time was GOLD
AND SILVER.
Thus we we see that in 1860 the
money sharks we're satisfied with SILVER
as well as gold, Now we have a change;
rather more than four years later, in
1873, another law was passed by which
silver was repudiated as money, and the
Single standard, gold, was set Up as an
idol for the bullion worshippers. This
is why the law of 1860 has returned to
, plague the inventors. The same party,
J and the same men, who enacted the one
law also made the other and, as before,
John Sherman was of those who sat in
the high seat of the synagogue. Now
the people have become awakened to
: this last iniquity. They do not under~
stand why silver dollar, having i'm
trinsic value, shouldn't be just as good
in 1873 or 1875 or IT, as it was in 1869;
hence the popular clamor for the dollar
of the fathers, Meantime the discus
, sion of this silver question is awaken
ing the peoples mind to the enormity of
f the act of 1860 demonetizing the green
{ backs, and they view that law as many
: of them never did before. They see
: that by it they were swindled just as their
: pockets were afterwards outraged by the
i Silver act of 1872. Notwithstanding this
= they have submitted to the one, but that
d very submission makes them more
o clamorous for the repeal of the other.
y 1t is evident to all inquiring minds
IS that the law of 1869 was either legal or
e illegal. 1t was a constitutional law or it
a was not. If the former, then the act Of
e 1879 was not only unjust but illegal, as
Ie it interfered with the provisions of con
~ tract made between the Government and
u u the people to pay the bonds in gold and
- - silver coin. If the latter, it likewise in
! a. terfered with similar contract to pay
y the bonds in greenbacks. Let either
!. horn of the dilemma be taken and the
If Shermanites are driven to the wall
e What will they, what can they do Will
l. they do as they did in 1868, declare fol
t. the rights of the People, and then delib
d erately repudiate that declaration? Oh
e will they assume high "moral" ground
) and defend their little gold calf set up
for the final destruction of the prosper
d ity of the nation 1t will be seen by the
ls future, but either will work ruin to the
i People. Should men who have proved
% themselves such false rulers be trusted
% and will the People again place faith in
= them ?-StSNbeH05Ae Gazette.