Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1878-09-05
sherman.


week. No man in this nation has |
been more vilely traduced than John |
Sherman, and no public officer has
ever more faithfully executed the ex-
pressed will Of the people. The
speech taken altogether is unanswer-
able and we hope to give 1t to our
readers entire in a few weeks.
He starts out by stating the ques-
tons most discussed and says:
In undertaking to address you will
frankly and freely express my own opin
ion, but will while 1 remain in executive
office, cheerfully and freely obey and exc
cute the judgment of my fellow citizens
as expressed by Congress, or will give
way to some one who will do so.
THE LARGEST AMOUNT OF CURRENCY
WANTED.
What want is the largest amount Of
currency that can be maintained at par
with the established coin of the country.
From the diversity OF our wants we must
have many different kinds of money, to
measure great wants and little wants. We
must have coin money and paper money,
and plenty of both. What contend for
is that. though our money may be of many
kinds, 1t must all have the same purchas
ing power The essential qualities of all
good money are stability, equality, and
convertibility The dollar of one kind
should buy as much as the dollar of any
other kind. Deprecated money cheats
the ignorant and unwary, and enriches the
money changer The poor man whose
dependence is on his daily labor is the
victim of the deprecated money, for he
must take what is offered and is always
paid in the poorestt money. No distinc-
ton should be made between coin money
and paper..money, or between the note
holder and the bondholder. The money
provided by the government should pay
all debts and be used for all debts Sub
ject to these conditions / am for the lar
gest amount of each kind of money de-
manded for the wants of business, and If
you win agree with me in these general
propositions there will be no quarrel be-
tween us. aaE ati alB- .ieyui
TIE MOST IMPORTANT QUESTION OF THE
, sss rif CANVASS. svaH gth
! Our paper currency is now happily
brought to very near par with coin. Win
you insist upon keeping it at par, or viii
you, by repeating the resumption. act, re-
trace the steps already taken and embark
again upon the sea of irredeemable paper
currencys Shall our paper money, here
after, be redeemable in coin upon the de-
mand Of the holder and be maintained at
, par with coin, or shall IL be what Its
7 friends call fiat money, irredeemable
in coin, depending upon the daily trade
!, marks of bankers and brokers for its val
!. ne and upon the changing majorlties in
: Congress for its amount and qualitys
3 THE REPUBLICAN PARTY THE PARENT OF
GREENBACKs. ~ r. si
1t was the Republican party which de.
vised and issued the greenbacks, and
3 which has thus far sustained them and adj
L vanced them by slow and gradual process.
q es to par with coin. No doubt there have
t been honest differences, as 1t is natural
: there would be, as to the means by which
: the result has been brought about, but
there should be no difference among Re-
!, publicans as to the desire that the money
a contrived by their policy, and the chosen
instrument by which the forces of The
United States were marshalled during oul
war should be made and kept equal tc
coin. However, varying currents of pub
> lie opinion or temporary depression of. in
: dustry may tend to disturb the public
}. judgment. it should be the will and duty
Q of the great party to which we belong tC
! make good the promises printed on tn,
: face of their United States notes. especial
; ly when this is demanded not only by the
n national honor, but by the clearest public
o policy. This money is our own in which
= we naturally take pride. We guarded 4
in its cradle when it was reyiled and de
rided by our political adyersaries, at ,
u time when it was said it would wander
D like Cain with mark upon his brow, dis
{. honored and repudiased. We. believed il
IS it then and believe in it now. s
!" WE ARE RIGHT AND WE SHOULD &C
q AHEAD.
a With all our promises on record, W,
should not be deluded by the cry for fiat
= money. Precisely what is the meaning o
. this phrase do not know, but presume
1t means money that Is not measured b,
. any other, that is not redeemable in any
. other, but has its origin, force, sanction
70 and value in the mandate of the govern
. ment, aad will vary day BY day in purcha
sing power div GAR fss efl o.nfT
\ AS between this kind of money and h,
J. old greenback regeneated. restored, con
10 vertible into coin, the standard of all val
= ne, and the medium of all payments, an
J. for the greenback against fiat" money. A
h great nation like ours, rich in varied re
10 sources, with free people, of remarkably
lr intelligence. is not driven to resort to an,
W expedients which would effect the publ,
"a credit or the pnblic debt, or disturb ou
ID harmonious relations in trade with for
"A eign nations, but should adapt its none,
:. to the money of the civilized world, max
= it as good as any other money, and main
~ tainits standard of value as high AS tina
of any coin ever issued from the mint.
E. Some of you who believe in fiat" mon
s. ey say you desire the same result, but 1t /
TO clear that you can only maintain thi
D. money at par with coin, either by a care
"a ful limitation of its amount, or b,
actual redemption In coin when demanded
If that is what you mean by fiat" money
B. then we will not disagree. but it is wei
10 known that those who advocate fiat
m money want to increase the amount he
. You'd sum that can be maintained at pa
te with coin, and seek thus to cheaper
,y money by msking II less value than coin