The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-11

and private with he stamp on Il OF the most power
iai ana wealthy nation ON ear,n--the United states
of the United States OF America. tGreat applause.
a,aS.r .n and ins su nnas
longed laughter and spplsuse.) den't want
ssld sa sS.a
to be more valuable as commodity then
some one come, ,n aad Just takes ,ns,1 On I
paper currency-the greenback winch carried on the
war and saved the country, (Appsusel want 70
The nd-holder, but Tor the good OF the people
make the following classification OF the subject on
which am speaking FIRST, capital: second, enter
prise and third, labor. Capital, hold. IS wealth 80
invested In that dvidends or interest come into It
whether the owner lives or dies Ny platform 10,
equal privileges equal protection and equal burdens
fer all men under the law"
GEN. BEN HARRISON'S SPEECH
The political campaign IN Indiana is already under
iull headway, and tho various party leaders i'd
dressing large audiences Ia parts OF the State
On Friday evening an enthusiastic meeting was held
at Richmond. when General Benjamin Harrison spoke
at length on the national finances. He said
THE FINANCIAL QUESTION
The financial question is unately still In the
arena Of poi,ics 1t viii be happy day the
Try when can be sure OF one full year anvexed by
financial tnkering. The most serious drawback to a
national currency Is that If distributed by unwise
legislation, or threatened by the c'amor OF dema-
goeues, the mischief Is wide the country.
certain and stable standard by which values may be
measured 10 the first necessity Of commercs So long
possible legislation by the Congress citing
tho value OF currency legal tender dollar must
BE- considered by every lender and borrower, by
every buyer and seller. cannot look Tor settled
times and old fashioned prosperity. Commerce hears
the threat of the canvass and contsmplatei entcr-
prsss Abandoned The capitalist boards his money.
The manufacturer limps along haltime. The aborer
suffers aud everybody stands In attitude OF wait.
ing. Silver has been remohstized Upon this question
We had much heated controversy The West ana
South, without distinction Of party antagouzed the
iu legal tender lis hard TACT. Let tho controversy
end the Secretary Of the Treasury Is executing the
law with hdelty and aacrity, looks to the accu
mulating silver dollars as substantial and to resump
tiop. Whatever our views on the question were
II open question, IN the interest oil Anan
cia tranquility let us take the law as II is ana say
stare decists.
REsuxprroN A FACT
am also incfped. as said at our state Convention,
TO treat "resumpl'oh; as TACT When Congress
semUlea last fall open question upon whicn
republicans might did differ. the ADVANCED
light Of the present t.lnk We can agree. Ten
Inc redemption OF tue sreenback in the 1reas-
ury that currency had reached a practical equality
with gold A greenback dollar is worth TO -day 9yH
cents. Shall We close this almost imperceptiUc gap
and Tx the value Of the kreenback al 1O0 cents IN
corn, or shall wo repeal the Resumption act
give our avorite currency again 10 w the foot
ball OF the speculator? TO the right decision OF
this question IL Is nos necessary we should review
"
winch this equality between coin and greenbacks has
In part been brought about Our guides may have
iound Tor US the easiest way over rough country OF
they may nave biunderngy led over precip,os aud
morass that might nave been avoided Inc question
~ having arrived at home shall We IN and rest or
shall spiteuy retrace our steps and come IN
weary sil over the rough, but less rough way that
our GUIDE should have chosen In the Ars place. Out
oil the storm tue tempest our ship has into
the har0or she almost touches the dock tho rope
coed Tor lne throw. Shall we make fast or let her
DRIFT out again INTO the night ana STORM because tho
pilot bumped her on the rocks in getting in2 This
among those who regard coin Inc necessary
conaili0n OF stable currency. think II would not
be d'lca.,o JUSTLY tue general course Of leg station
TINS subject Republicans may well be proud Of
the achievements OF tneir party In lifting 50 high and
settling SO nrmly the natouai credit AS said IN
the Canvass 81 1876 this greenbAck boy Is OF repub-
Iican purentage. Democrats sasered at his birth,
and revived ms youth, but ne won his way
with the people. We have led him up, ill
ne stands to-day crowned the golden summit Of
RESUMPTION. We may now say to ali questioners, AZ
OF age, let HIM speak Ior himself" Mr. Psndleton's
vugaUond currency has found u noms-has loud al
homes. Mr.. Voorntes has become It's euiogisL He
pra'ses It tor s couragen that 1t went TO the war
while the coward gold remained at home What new
with aoid curing the war, should set their
ant affections upon the greeubackP
Legislation, ~ the SUGGESTION Of Secretary Sher.
man. has now placed beyond cavl what clear be-
fore, mat the symptom Of the greeubsck currency
volume ~ prohibited by law; lei US not orgst that.
bill redeemed IN gold remains money IN the irsas-
Ssmosrs,s PM IL tho House Of are re-
sponsiDle Tor tho defeat vi (ne bill passed Ny the
Senate making greenhouses receivable at ar Tor tour
per bonds alter the passags OF the act Tor
customs duties after Octobsr The passage OIL this
law would have brought grosnbacks 10 par NJ once.
IL would have ended agitation out would also have
taken away the avocaton OF the agitaor; hence Us
defeat by the party ei unrest ano revolution.
Tue result OF ali this Is that the business of the
whole country must abide In suspense tho action OF
Congress IN December while another campaign 10
made Tor resumption repeal
DEMOCRACY GRERSBAcK.
II party eau BE- committed ny ts history and by
the consistent utternuces OF ITS greatest men. the
democratic party is u nsrd money party. NO demo
cratic convention that 1 am aware OF has ever in
terms declared against the uitimute rSdsmptIvn oi
the greenbacKs IN coin. Gu The other hand We have
had very enphatic declarations in avor OF such
% Naops SaUv.n,,s~ 81 islp . ~ns
resolved that IA speedy return to specie payments
demanded alike by tne highest considerations Of conf
mercisl morality aud honest government In Ihs
Indiana dsmocratio platform Of 1875 II was de
clarcu:-"we tsheye III our ancient doctrine that
goid and silver are the true anu safe basis for the
currency" In the National Democratic Con-
veutoi Of 1915 It was resolved that I'VE
years make COED Tho promise Of the
legal tcnacr notes. whcn are changing sanaa-a Of
value tue hands OF peopIs the non-pay ment
OF which IS disregard the phyhted iath vi tho
tiou." There ought TO be no Issue betweea demo-
crats oil lhis school aud republicans tue quss-
tou OF resuin ptlon hut wih resumption = pructcal
taci, the dem ocfac canvass beng made In Indiana,
by Mr. Voorhees, on tho repeal .. tue Ion act
1 nave rcad WIN interest ans recent speeches, but
yet ignorant vi hts pan Tor the resi Of The
Try from tue evils wnicn ne portrays II would. ann
II be would tell Ne, hrst, whsther he believes In
currency Tor the people redcemabie coin, or
rredeeniaoie nat paper money; second. whstner ne
IA uv0r OIL AL increase IN me volume vi our paper
currency, and u 10, how muchY 1 cannot see
how any favor repeal OF Re-
SUMPTION law Us a measure Of reiei, uniess ne goes
ANA hvors increase Of irredesmauie paper.
IL the law repealed aud paper currency remains
whers is now tue effect would bc--ntst, ~ asprs-
cste the groenback, and 30 aiminish It's purchasing
power; aud, second, ~ perpetuste Inc bondage VI
Eou ana SILVER coins ami keep them out Of sircuiu-
.ion Wine, II the law stands, the Uuying power Of
gresnoack Is raised naif OF per cent, and
ali oil The nosraed goid and sver comes out " take
part IN active commerce Resumption 10 really sx.
pansi0n-upon honest basis
Inc volume VI currency needed to do the business
oil the country depends .afgeiy upon the that
currency. Il you increase the Value you may ainiu
isD Tue volume la 1860, when 500 III gresnbscXs
were worth only so ~, there were neeUed moe
gresDbscks ~ mako tho exchanges Of tue country
Iuan T. eie are when the same number oil xrseu-