The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1878-02-22
4 DELArnD LETTER.
HARRrspuno. Feb. IL 1875.

Editor Democrat !.
l have again and again asserted, both
public and private, that the policy and
platform Of principles of the Demo
cratic party unceaiye.cally commits
them to the payment of United States
bonds, principal and interest, in gold,
and gold Only. The proposition up to
this writ has not bsen refuted-not
even a tied, with any proof to sus-
tain u denial And just now the
Scio mocratie platform comes for
ward and contributes its acknowledge
ment to the truth Of the proposition,
and pledges the Democratic party to
pay all the obligations Of the Govern
ment in gold. The glozing decoration
Of the scio financial resolution is SO
specious that it is calculated to captivate
and lead astray the friends Of currency
reform, but a very little common sense
analysis dispels the delusion and reveals
its true Interpretation and inevitable
results.
A portion of the fifth resolution Of
the Scio Democratic platform reads :
1--WE demand the immediate annihila-
ton By legislative enactment of the
government banking system, and the
supplying Of its place with United
States nstes issned directly BY tho gov
eminent, and convertible on demand
into United States obligations, bearing
an equitable rate of interest, net ex-
cseding enc cent a day On each one hun
drea dollars. Such United States notes
shall be a full legal tender for all debts,
except for the payment of such obliga-
tions as are by existing contracts spe-
cially mads payable in coin" It is q
fact that no honest, intelligent, truthful
man viii deny, that there is not one
dollar Of the thousands Of millions oi
government obligations at the present
time but what is to be made payable By
existing contracts in gold coin. Their
cur patriotic Scio Democracy, by pledg
ing themselves to respect and enforc,
existing contracts touching the finaneia
question, commit themselves to reso
lution that compels the payment o
every obligation of the government II
gold coin. If such is not the case an
laboring under serious mistake, and
viii accept it as great favor if any
Democrat viii tell me what part OF, ant
hov much of our government obliga
tiOns by existing contracts are not mad.
payable in gold. Do tell
Even if ever so large portion of ON
public debt under existing contracts
were to be paid in currency, they pro
vide and declare that the creditor Of thu
government receiving currency for hi
claims may convert it into an interest
bearing bond, thus perpetuating tb,
present bonded system. This idea o
the Solo Democracy favoring papel
currency and an interconvertible bone
is not the teaching of the Democrats
party, but it is openly and recklessll
violative of the National Democrati,
| platform of 1876.
This interconvertible bond and papel
currency theory of the Scio Democrac,
is purloined from the old, rotten and re
jected Peter Cooper platform that tn
Democrats fought SO furiously in thi
State in the last Presidential contest
If it is good and honest Democracy nov
to favor the issuing of grecnbacks, i
would have been the same then; but i
was not then, and it is just as far from
it now. Lest l might lie accused of IN
fairness and misiudgs the acts and mo
tives of the office-seekers and pelitica
hucksters who tag the tail of the grea
Democratic dragon whose head ant
horns are in the far-off east, herewith i
presented the original timber presente'
the original timber taken from the plat
form, that constitutes the very heart o
the Scio Democratic platform. Here j
is: We believe that United State
notes issued directly by the gevernmen
and convertible ON demand into Unite
States obligations, bearing an equitabl
rate of interest, not exceeding one cen
a day on each hundred dollars. Sue
United States notes should be ful
legal tender for all purposes, except 70
the payment of such obligations as ar
by existing contracts expressly mad
payable in coin"
l ask Democrats, now, as homes
thinking men, if they believe the LEAD
ers Of the Democratic party were hor
ESQ and sinOero.in supporting the 81
Louis platform that ignored a pape
currency entirely, if they can regar
them consistent and honest in thei
financial position at presents Surel
not. At least, such is the opinion of a
humble GREENBACKER. :
TIszE TO QUIT.
Now since Mitchell voted against tn