Ashtabula telegraph. (Ashtabula, Ohio) 1874-1880, 1878-08-30

stephens, ask the insertion OF an amendment dlS-
unctly denying such purpose BE was shouted
down by the rOaring regicides, and the resolution
passed under the gag. The conspiritors had gained
their irst point For brief period it carried
with high hand; and it was only when theeountry
awoke to the perils of the situation. and became
alarmed at the imminence of impending revolution,
gress quailing under the storm of popular indisna
ton they had stirred made eint Of retraciug their
steps Now they claim that their only purpose
was to persecute and bedev the President; to deny
to refuse success TO his administration; to convert
his honorS into q crown of thorns, and TO make
fraud odlous by stripping from his great o1lee all
power for usefulness. Divine Democracy If ithad
shown but half this zeal in making treason odious
the country would not now be groaninG under lis
It's prostitution OF power in gratifying the malgnity
of disappointed ambition at the expense of thou
sands wrung from the brow of toll?
Ihave thus sketched the origin and purpose of the
conspiracy until its assault upon Ohio and the sub
ornaton of the Legislature to betray the rights OF
her people That the purpose was mischief, only
the incredulous can fail to believe Why else was
the assault made on our little army already made
quate to the demands upon its service, and the i'm
memorial authority of its Commander-in-Chlct
sought to be abridged, except that the military
OF the executive might be paralyZed in the event OF
crisis? The historic distaste OF Democracy gun
powder Will not give II other explanation Tamper
ing with the army and navy was first step in the
gigantic plot which eliminated in the rebellion.
Has the original purpose been abandoned? He is
a verdant youth who can suppose it, The snake is
only scOtched not killed. To the Catalines who can
so far repreSs their allegiance to their country's
strained assurances is frail barrier when power
and the opportunity make the execution of their
purpose possible But it may fail think it will
fal think the people will visit its authors with
such overwhelming rebuke as will bury the con-
spiracy beyond resurrection. But they may not
Popular lethargy and partisan passion may unite in
giving them Endorsement Let this occur and the
inTiOlability OF titles. constitutional barriers and
constrained assurances will be powerleSS to resist
What then2
The fraud in Ohio has twofold object Unseat
ing the President may not succeed in the present
House but the malignant purpose and spirit of per-
secution will not be ouenched. Success must be
denied, refused. Impeachment can be employed as
an 1nsIrumentality in this holy work. A Demo
cratic majority IN the House is essential to pre-
fer charges. The mud and dirt of the
Potter investigation can be made their foundation;
the Senate next year will pass under Democratic
control. Although without sufficient majority TO
pronounce sentence, it can entertain charges and
prolong investigation; paralyze the Executive de-
partment of the government and keep the country
in state OF feverish and protracted suspense agta-
ton and alarm thus gratifying the malignity of dis
appointment and refusing success at the expense OF
In furtherance of this purpose, and to secure to
Democracy control of the next House. the scheme to
augment its numbers by DISTINGUISHING the Repub-
icans of Ohio was coneocted by the Washington
cabal Forgetting the sancity of State rights when
their invasion is in the interest of Democracy, the
lunta through Mr.. Speaker Randall, demands the
degradation of sister State, and it is done. To re-
suit in what? Democratic House to DO the will OF
the conspirators, to execute their coup detat and
raing the President on articles fabricated by the
Potter Commission; in either conVulsion, par
alysis it may be catastrophe
THE PRESIDENCY.
But the crowning purpose of ohio's wrong, which
gives it most significance, concerns the future Pres
dency.
The count of the Electoral returns in 1881 must oc
cur in the presence of the House about to be chosen
If it shall be Democratic and the heresy OF Gov
Tilden put forth in the Potter letter shall prevail
that the House has power to control the Electoral
raj TIp1cf Ctafo will
1t may become problem whether the President
then legally chosen by the Electoral voice OF the
people can be inaugurated without and against its
consent''-aye, whether another American Presi-
dent shall ever be inaugurated by virtue of cleo
ton by the people alone. The possibility of con-
ungeney IN which this bold policy" will be put
in practice was vaguely hinted in the Cincinnati
Democratic Convention of the 10th inst as a reason
for putting in nomination their strong and most
available men. Its successful assertion will devove
the choosing Of President on the House, in which
each State has but one vote to be cast under the d
rectiOn OF majority of its representatives. How
Ohio shall array herself in the conflict may be de-
cisive OF the momentous issue involved.
To this end 1t Is that the conspiracy seeks by the
intervention Of legislative fraud to deny her people
their just voice in the councils of the nation. 1t is
not a question OF Republicanism; 1t is not ques-
ton of Democracy; it is not question in which
Ohio is alone interested, but concerns New York
Illinois, Georgia, Massachusetts-tne whole country
as well. On its determination may depend the fate
ties; of popular liberty itself Shall
fraud2 Shall the fruits OF the policy
Of violence in Mississippi riDen and be gathered
under the forms and color of legislation in Ohio?
Shall She at the bidding of foreign cable, be denied
the right TO declare her will and made to augment
the forces of conspiracy? She will if the people
sleep until the conspirators shall have bound them
hand and foot.
CURRENCY-THE REPUBLICAN, POSITION.
At the Music Hall convention of June 70, the Re-
publcans Of Ohio resolved that
"Ihe financial question having been disposed Of
by Congress and the country at present needing
pose in order that capital nay seek investment and
that industries may revive thus increasing the de-
mand for labor, the situation ought to be accepted
and we oppose the further agitation of the question
at this time injurious to business and devoid of
other than evil results"
An intelligent understanding Of this enunciation
demands comparative statement of present and
past hnanclal conditions and legislation.
eREENBACK LIMITATION.
When during the war. the last issue of legal ten
der notes was authorized fears entertained lesl
the amount which should be issued from time to
time would depreciate their value and render them
as worthless as the old Continental currency. The
people hestated to receive them unless some limit
were fixed to their volume. Congress ac-
cordingly, by act of that date, solemnly
pledged to the people the faith and honor of the
nation that no more of them than S00 900 should
ever be issued, except $4,000 5000 for temporary
purpose long since satisfied; Mr.. Henry Winter
Davis moved an amendment that no form of credit,
note or obligation of the government thereafter to
be issued should have the quality of legal tender
money. For this proposition Mr.. Pendleton voted.
The estimated volume of coin in the country is
not far from 5000 0O0 of which S207 900 were
in the Treasury on the 1st of August The volume
of currency including old demand notes and postal
scrip, estimated at its coin Yalue, in round num-
bers was on the same date S6S5, 100000, of which
S3466S 0l6 legal tender notes, and 323, ,9SS 0S5
national bank circulation. The aggregate OF the
coin and currency volume is, therefore, but little
short OF ONE BILLION DOLLARS, which, assuming our
population to 5000 Co., exceeds tDentytUo dollars
for each person.
SILVER COINAGE
Congress- at its recent session, provided for the
recoinage OF the silver dollar, and made 1t legal
tender for the payment Of all debts, public and pr
vate, except where otherwise expressly stipulated
The material part of the law enacts:
That there shall be coined, at the several mints
of the United States silver dollars of the weight of
4l215 grains Troy of standard silver, which coins
together with all silver dollars heretofore coined by
the United States of like weight and neneSs, shall
be a legal tender, at their nominal value, for all
debts and dues public and private. except where
otherwise expressly stipulated in the contract And
the Secretary of the Treasury is authorized and di
rected TO purchase from time to time silver bullion
at the market price thereof, less than two million
dollars worth per month, nor more than four mill
ion dollars worth. and cause the same to be
coined monthly, as fast purchased. into such
dollars. " I" And any gain or seigniorage aris
ing from this coinage shall be accounted for and
paid into the Treasury"
RESUMPTION.
The rayages and stress OF had in 1854 impaired
the public credit and deprecated the coin value of
the currency to less than 40 per cent Its appreci