The Van Buren press., 1878-12-17
Sumo Expressions on Silver and Banks

SuttJ tApi CoStUliS VII SIfSi hifS ~e''NS
! We copy the following from ono 0
our Eastern Democratic exchanges
more thoroughly convinces us that til,
Democratic party, North and South
will not allow tho finance question Il
disrupt It:
Following the action Of tho New Yorl
banks in deciding to receive silver only
upon special deposit comes number o
interviews and expressions from leading
public men. Senator Mcdonald, hare
money Democrat, from Indiana, 'thinkc
the democrats will, upon consultation
with each other, conclude that 20 party
can ever succeed in this country, with Il
Platform which looks toward irredeema
bic paper currency. He thinks, there
fore, that the democrats will be dispose
to drop their greenback discussions and
projects, and in their place, unite in a
war upon national banks"
Senator Thurman, in recent inter
view, took occasion to announce that abe
had commenced fight against the ma
tional banks which he meant to keep up
with all the ability he possessed
Senator Matthews, Hayes next friend
says:
=. 1t is an attempt BY the banks to
dominate over the law-malling power OF
the government. They say, in effect, to
congress and the seer etary of the treasu-
ry, If you pass laws that don't suit US
we will abrogatc them. We don't want
the silver dollar to become y part OF the
country, and we will therefore pay no re-
gard to the law which says it shall be.
Such a course can only result in antago-
nizlng the people against the banks"
Senator Beck, Of Kentucky, speaking
OF the silver bill, and the action of the
banks says: "fhat law was passed over
Hayes veto, and congress will not re
peal it The bank power is very strong
I'll admit in the East, but it can do any
thing when it comes to running against
the current of public opinion such as
was aroused when we passed the silver
bill over veto message from the presi-
dent of the United States. Besides this,
it will false a fight against the banks
themselves that will not be settled soon.
1t is the very worst thing they could
have done, if they expect to continue in
existence. 1t arrays the masses of the
people in opposition to them, and makes
bank or anti-ba an issue for future
campaigns
Mr.. Theodore Cook, for many years
president of the fourth national bank of
Cincinnati, anda hard money democrat,
thinks that the action Of the banks "will
be a rallying point on which fight will
be made in politics, and that it will help
Thurman materially.
Milton Sayler, member Of congress
from the First Ohio district and one OF
the leaders on the democratic side of the
house said
1t would be an outrage for the New
York banks to attempt to discriminate
against the standard silver dollars. Still
! think, from what read in the papers,
that it is their intention to do 50. To
repeal the .llv,r bill is impossible. The
country here in the West. would almost
rise in arms against it Why, you know
that law was passed over Hayes veto by
almost three-iourths vote. Many re-
publieans voted for it, and here in Ohio,
and other western states they were AS
-. 80 -'~---.----'.s, ~ ,-s--.7s
Gratis.
Coming in this immediate connection,
the following paragraph from the New
York World is rather significant:
"Oi course southern mon, like west
ern men, are the best Judges of what
they really want But II is Just as we'll
that there should be no misunderstood
ing As to the real condition Of public
opinion in the East on this mouey qucs
ton As concerning silver allied with
gold in a just ratio, the democrats of the
East might be brought to surrender their
preiudiccs, but ii is impossible they should
surrender the democratic doctrine Of the
fathers, which makes the federal govern
ment hard money government, and in.
sists that bank-paper-only to be issued
by national or state incorporated assooi
atoms under government control, in or
der to secure convertibility into coin on
demand-must be based also on hare
money. Values must be measured, anc
time contracts must be assured by the
precious metals which cost labor in then
production, aud not by legal tender, fin,
paper which can be produced without
much more labor than that OF Il printing
machine"
Taking these various expressions to-
gether, there seems to be very strong
tendency for the democratic party, East
South and West, to agree upon II plat
form in favor Of gold and silver coin
and bank notes convertible into coin
with modification of the powers of the
national banks.
A Port Gibson, La, dispatch OF tn,
eth ult., says: