The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-09-12

value GnAn Jn6 legal bouuoI pllNoL uOhoit
yet the money power has forced 1t down
to 80 cents, it's intrinsic value, because 1t
is not a legal tender.
The "old greenbaCk" has no intrinsic
value, and if it had, according to pro-
gramme ceased to be a legal lender after
January, 1877, who could imagine the
result The whole money power with
its ramifications all over the country, it's
five thousand banks, conspiring against
the greenback, as it did against the trade
dollar, and suddenly after some months
calling in loans and refusing greenbaCks,
what then would become of the green
back? Who could conceive the RESULT
and the appalling CORNERS"
But, thank heaven, this message and
this report came to Democratic House,
the first after many dreary years Of wait.
ing, a halt was called in the march OF
mammon, and for the first time the mon
ey power was thwarted in its infamous
conspiracy for plunder and ruin OF the
country.
Secretary Bristow further says (page
53), HThe faith of the Government now
Stands pledged to resumption on and af-
"ter January ist, 1879, and to the final re.
"demption and removal from the currency of
"the country of the legal tender notes as
"fast as they shall be presented for re,
"demption according to the provisions OF
"the act of January IA, 1875"
Now, we have fully shown up the Re.
publican love for the old greenback, and
the pretence of Mckinley that the Re-
sumption act only intended the retire.
ment of the greenbaCk in excess of $780,
O00,0O0.00. Now we 60 one step more.
Mckinley says as above quoted, that ut
was left to Republican Mr.. Fort to in
troduCe" a measure to stop the retire.
ment of the greenbaCk in excess of $780,
0OO,OOO.0O. What says the reCord2
The first bill relating to the currency
was the committee bill reported by Ew
ing in the extra session on Oct. 81, 1877,
Congressional record, vol. 6, page 2O3).
It provided for the repeal of the whole
of section 3, provided for the repeal of
the only provision of law in existence
authorizing the retirement of single
dollar ofgreenbaCks and therefore effect
ually stopped the retirement of that ex-
cess over $9OO,000 10000 of which Nc
Kinley prates, so it was not left to Re-
publican to introduce, &c.
Then Fort introduced as a substitute
for Ewing's bill entitled "ABill to repeal
"all that part of the resumption act which
authorized the Secretary Of the Treasu
Try to add U. S. bonds and redeem and
"cancel the greenbaCk currency" Ltrepeal-
ed the whole of section except part No.
l las marked above), and the only diff
ference between it and Ewing's bill was
that Ewing's repealed free Banking while
Forts did not, and therefore it effeCtually
stopped the retirement of the green
backs in excess of $300,000,000.00 (page
(268). Forts bill was adopted by the
House as an amendment to Ewing's.-
The yeas and nays were not taken.
Then Hubbel, a Republican, introduced
his amendment. This amendment left
in full force, parts No. l, 2 and of the
resumption act (as above numbered), it
left in full force the part authorizing free
Banking the same as Forts bill; it left in
full force, (part p, that part which au-
thorized the Secretary to retire the
greenbacks in excess of 0,0000O000,
which was repealed by the Fort bill; it
left in force that part AZ authorizing the
Secretary to sell bonds for redeeming
greenbacks, which Forts bill also repeal
ed. But Hubbell's bill provided that
part of section 3, the part relating to
the redemption of the $3OO,OOO,O 900 on
and after January, 1879, should be 80
construed as not to authorize the SeCre'
tary to retire these notes and requiring
him to reissue them. page 62S.)
Here, then, one of the issues, be-
tween Forts bill and Hubbel's, was
whether the greenbacks in excess of
should be retired or not.
Forts bill forbade the retirement of this
excess. Hubbels authorized it. The
question came before the House whether
Hubbel's bill should be adopted instead
of Forts. How did the Republicans,
these lovers of the old greenback, and
Mckinley, who 80 pompously told his
Massillon audience, that lit was left to
Republican, Mr.. Fort, to introduce"
law stopping the retirement of the green
back in excess of $3O0,0O0,000; how did
they and he vote? Three tourthS Of the
Republicans including Mckinley, UOted
against the Fort bill, and IN favor Of Hub
beps. Yes, Fort introduced the bill, but
and the Republicans tried to
slaughter it, and the Democrats 8aUed Il
The vote stood as follows for the Hub
BILE amendment, page 628: For, Republic
cans Sc, Democrats 4; against, Republi-
cans 81, Democrats 127, So the Demo-
Gratis defeated Hubbel's, and the Fort
bill triumphed. But what shall we say
of Mckinley? Verify he is the cham
pion demagogue of the age. But the
wonderful thing here is, that Mckinley
and the Republicans who voted for the
of HubbePs, by their very
votes, admit that the resumption law re.
uuired the Secretary of the Treasury to
retire these very $900,000,000. The only
change made in the resumption law by
Hubbel's bill was authorizing the reissue
of these S300,000000. Why vote at all
for the Hubbe bill If the Secretary had
power to reissue these notes under the
law? Now, how did Nc
Kinley and the Republicans vote on the
final passage of the Fort bill, the bill
which stopped the retirement of single
greenback. The record tells the tale
page 633. For the Fort bill, Democrats
los, Republicans 28 against, Democrats
2S, Republicans 92. Four ffths of the
Democrats for the Fort bill, and three
fourths of the Republicans against the
bill, and among them Mckinley
Now we have question for Mckinley.
1t would be, says Mckinley, a fat viOIa
ton ofthe Constitution 10 issue another green
back, even to replace bank note. We
want him to come down from his aristo-
cratic stills to our common level, and
realize that the people have some sense,
and give them square answer.
We ask:-are you in favor Of the es-
tablishment of the greenbacS nOa0 IN eri8t-
ence as permanent legal tender currency,
never to be retired? And if you are, would
it not be just the same fiat violation Of
the Constitution, after the war emergen-
Cy, in which these greenbaCKs were is
aued had entirelv ceased To keen them