Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1878-10-17

The financial question i not entitled to abb
yoFb IN exclusive o. even paramount
interest 10 the present Congressional
contest. IL Is the Republicans who
have elevated Il into undue prominence
with the view and m the hope ofdivert-
ing popular stsention from their incspa-
bic and dishonest management ofpub-
tic concerns since their advent to power
and particularly from their fraudulent
action in putting Mr.. Hayes into the
presidency. People who are interested
10 good government will not allow the
Republican party, which sustained from
beginning to end the piratical admins
tration Of Grant and which is seeking
to-day TO restore power 10 the same un-
clean hands, to take refuge in side is
sue like The currency. The latter. In
deed. is q living and important matter,
but the vital question is, shall The party
which ruled and rioted with Grant dur
ing eight years Of the most shameful
misgovernment which ever afflicted q
free country, which set aside the fair
verdict OF the people at The last presi-
dental election and is now running and
ruling The present imbecile administra-
lion, bear control and shape legislation
in the next Congress.i The people Of
this district will soon have an opportu-
nifty 10 answer this question and we
much mistake them il they shall fail to
give even stronger emphasis to their
condemnation Of Grantism and all that
this implies Than they gave al the last
Congressional contest in the 9Th dis
trict. But 10 return to the finance ques-
ton. The following are the views Of
our candidate, DR.. Henkle, as expressed
10 the reporter OF the Daily Bulletin a
few Days ago:-
Reporter-Since The reports made in
The newspapers ofyour speech recently
delivered in the seventeen ward vaTi-
ous opinions have been expressed as 10
Your views upon Enancial questions
Will you be Kind enough to give them
so that there may be no misapprehen-
SION Of your position
DR.. Enthusiastically; you shall
have them as distinctly as I can find
language TO express them in, and take
pleasure i'm doing so, from the fact that
the reports made in some Of the papers,
especially the San, conveyed mean
ing very different from what said on
the occasion referred to.
| am m favor Of the full restoration OF
the standard silver dollar. its free coin
age the same as gold, and making it a
legal tender to any amount, as il always
was prior 10 iis decentralization in 1878;
and the use Of silver certificates for con-
venience in large transactions. | am
opposed 20 the contraction of our cur
yency or The increase Of our bonded IN
terest-bearing debt in order to bring
about specie resumption forcibie upon
q certain day.
am IN favor of abolishing our ma
tional bank currency and issuing IN It's
stead Treasury notes TO an amoHnt suf-
ficient for the necessities of trade. maxi
ing them receivable for all Government
dues OF every kind, including duty on
imports, at the same time redeeming IN
coin or currency as the contract re-
quires, an equivalent amount of the
Government bonds, thereby saving the
interest now paid annually upon so
much Of the public debt.
The interest thus saved would be
greater by many millions ofdollars than
all the taxes now paid TO the Govern
ment by The national banks, and our
current expenses reduced to the same
extent.
Besides .he saving Of The interest on
the bonds to be substituted BY Treasury
notes, the capital now lying idle in these
investments would be restored 10 the
usual channels of trade and business.
II would seek other investments, and,
] believe, aid very materially in revIv-
ing the paralyzed industries fthe coun-
try.
! am opposed TO what is termed "iiat
money" The theory upon which IL Is
based ! believe to be erroneous, and its
results IL adopted, would be disastrous
to the country.
/ believe gold and silver to be the
only money recognized in the Const,-
ton; but as the nation Is in debt, and il
not able now to pay its debts. and some
evidence of that indehtness must be is
sued based upon the the credit Of the
nation, portion Of that Indebtedness
can be represented as well and as law
fully in the form ofTreasury notes as IN
bonds.
The right to issue bonds bearing In
tercst, which is not called in question
by any one. certainly implies The right
also 70 issue notes bearing no interest,
and IL Congress makes these notes re-
ceivable for all manner Of Government
dues, ] believe Che people also will ac-
cept them; and they will be as good rs
silver or gold for all the current business
Of the country. am opposed to such
an imitation Of the currency A. would
give property and products fictitious
value, and am also uncompromising-
Nv opposed to contraction which would
and has reduced those values below 3
normal and healthy standard