The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1878-09-05

I
to your candidacy Schleicher -
never expected any support from thi
newspaper, which is unreliable in the
extreme; but l would much prefer Il
have it wage open war against me in
stead of carrying it on mischievously
behind my back.
George Washington Jones has been
making speech st Brownwood. The
Banner says: "When Col. Wash
Jones said that nobody but q fool
would be in favor of more greenbacks
than would pass at par with gold and
SILVER, thus putting himself in exact
opposition to Brick Pomeroy and the
GreenoAck clubs, who say that green
backs shall be absolute money, and
hence Independent of the value OF
gold and silver, we were surprised to
see so many of our Greenback friends
cheer. DID they realize that he wss
expressing the views of the editor of
this paper and the masses of the DEM
ocratic party, with the fool left out2n
The Marshall Herald says that Hon.
S. B. Msxey has taken the field in be.
half of the Democratic State ticket.
On Tuesday night he addressed large
audience in the Taylor Opera House in
Jefferson, in a speech replete with in =
formation and full OF sound argument,
| to which we had the pleasure of listen
ing. In the limited space allowed US
this morning We cannot pretend to give
even synopsis of its prominent fea-
lures, but may attempt to do so here
after. We wish every Democrat DIS
posed to run after the Greenback heresy
could have heard it. The array of
facts and arguments presented was
conclusive. He speaks next week at
Sulphur Springs, and we hope there
will be an invitation for him to speak
at Marshall, and we would add at
Austin"
Hon. r. O. Mills, says the CONNER
eidl, has defined his position on the
greenback question. He holds that
the only absolute money is gold and
silver and they are absolute because
God has made them so. Nothing else
can be used In their place unless it Is
made redeemable in gold and silver at
the will of the holder. He holds that
to stamp on piece of paper "this is
dollar, is delusion and q snare and
the government that does so is guilty
of lie. Greenbacks not redeemable
In gold and silver are worthless and he
is opposed to flooding the country
with worthless currency. These state
ments are almost identified with the
views set forth by the somewhat ia
nous declarations of the Republican
party in Wisconsin.
Schleicher was interviewed by re-
porter of the Freie Presse the other
day, and expressed himself quite
freely and somewhat testify about sey-
eral matters. He said that he failed
to receive the nomination at San An
tonic because of the prevalence of
Known othingism. He also admitted
that he was rendered the nomination
for Land Commissioner by the chair
man of the executive committee, but
doubted whether he could have re-
ceived it. In regard to financial mat :
tiers, he said: GAS far as the financial
question Is concerned, there is but lit
tie difference between the Democracy
and the Greenbackers. They are both
inf1ationists. In reference to the Dem.
ocratic party, | cannot mccall my I'M
preston that it must stop making
blunders and mistakes, as heretofore,
or 1t (the Democracy will sssuredly
make Grant President in 1880"
Hon. F. E. Piner, in Dallas Herald
interview, says absolute money Is abb
solute nonsense. History and expe-
rience have demonstrated, if reason
alone did not teach, that it is inately
dishonest and financially disastrous. 1t
is the same lesson that the early New
England settlers, sometimes styled
Yankees, taught the NarragaIsett
Indians, who used wampum as abso-
lutte money. Shells beng plenty with
them, as paper is with US, they made
shells formed after a certain shape to
pass as money-absolute money. The
white men, being better mechanics, so
Inflated the currency that in a short
time whole belt of wampum. would
moi buy one flint arrow head, and that
would have been a broken community
If they had been capable of losing any
thing. The Greenbackers will not
amount to anything, because every
vital and proper issue they make is
but borrowed from a stronger party
and that party proposes to use its own
capital"
Hon. o. NJ. Roberts stated very
clearly the effect the flooding of the
country with the proposed two billion
of irredeemable greenbsck money
would have, in his speech at Jefferson
few days ago. He said: "To issue
two billions of paper money, never re-
deemable in coin, and receivable only
in payment Of government dues, (Which
is what is meant by absolute green
back money, y would, II it was practl.
cable to be done Immediately,
which it is not, produce a redundancy
in the circulating medium of the
country that would so depreciate it
that 1t would hardly be money at all.
Surely it will require no argument to
establish this, with its ruinous conse-
| quences, to those who passed through
the late civil war. There are other
periods in the history of this country,
as well as of European countries, that
make this manifest"
Brentwood Banner: fWhen Col.
Jones spoke here Monday, he said that
the French government paid expenses
contracted in the war with Germany,
by issuing paper money that bore no
interest, like that with which the
Greenback party proposes to pay our
national debt. Now we assert upon
the very best printed, Greenback au-
thority, that the above statement lie an
egregious error. On the other hand
the French government issued interest
bearing bonds, sold them, and with
their proceeds Eaid of the entire debt.
The French Minister of Finance even
went so far as to employ q syndicate
of fifty-fye bankers to whom he paid
a commission for csshing the bonds,
very much like the secretaries OF our
United States Treasury have been rails
ing money on our bonds. Now we
ask, if Col. Jones is so poorly informed
on this subject, may we not reasona-
bly, suppose him ignorant in regard TO
a great many other things that be pre-
tends to talk so learnedlY about ~
Judge Roberts, in HE late speech,
says OF the obligations Of the UnIted
States government: 1.-THE law of the
contract is part OF the contract itself.
II has so been held by the Supreme
Court of this State, and OF the United
States, and is the rule OF action en-
| forced amonp men and uoveynnenf,