Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1878-09-26

national bank can take penny moro interese
than the rate prescribed by the State legislar
tures. If they do they forfeit their chsrfera
If Indiana passes per cent interest fsw
next winter, the national banks will have -
little chance for monopoly as the hnmblest
farmer In this State.
The Ohio solution of the national bank qaes-
ton will in my Judgment be the kev-nots al
the next presidential campaign Taking adj
vantage of the popular prejudice against cor
extinction of the hanks by paying OF their
bonds in greenbacks and compelling them to
act simply banks of deposit and discount
the United States issuing the circulation. This
idea is plausible, but has two or three fatal
objections:
l. 1t is reputation because il pays one prom
Use, and that definite and prescribed promise,
by another and an indefinite and lrredeeinaiie
promise The bonds mature in 1881 and other
fixed years The greenbacks never mature. The
bonds draw interest; the greenhacks do not
This additional amount of greenbacks could Dst
be issued without initiating prices. Disturbing
values and doing infinite harm. A much sim
pier way would be to compel the DaiicsAl
banks to present their bonds to the Issued
States Treasurer and let him shear off the inter
est coupons. Thus the saving of interest would
be effected. which is the only justification Of the
measure and effected without disturbing the
rights of the general public
= Such measure substitutes an untaxed for
".
8. Worst of all, it commits us forever to p~-
per currency, aud adds to the political strength
OF the party in power the whole monetary
strength of this people 1t thus combines the
financial and commercial activities OF this gov
ernment with its political functions. and cor
contracts the whole in the hands of few oifire-
holders at Washington, and thus subjects thu
commercial affairs of this people to perpetaak
political perturbation and party STRIFE aud res-
ders them as fiuctuating aud uncertain as the
winds and the waves.
In politics as we'll as in private life l am Dof
one of those that claim the Republican party
has made no mistakes. Our hindsight ia better
than our foresight. Some of the financial
measures of the Republican party dissented
from. Every Republican reserves his right of
private Judgment. But upon the whole
have steered for the ,fe harbor of freedoms
and honest money. With supreme impertinencs
the Democratic party, after having kicked
cuffed and insuted the greenback for years
now claim its parentage and patronage That
reminds me of another claim of the Democracy
After kicking and cuffiag the negro for eighty
years; after proclaiming from every stump
This is a white mans government" after using
as its greatest political argument against unir
versal freedom, would you have your sisler
marry niggerY" they now claim ths
friendship of the negro as a man and brnthex
The Democratic party favor the Issue of thu
greenback in such sums as 1.-THE sound business
interests of the country from time tn time re-
QulTe. 1uaJ IL u Ddil6u trap I'd caIcn N3r10n1f2-
Just as in Cincinnati in 1856, they wrote plank
on the slavery question so ingeniously wordo6
as to read one way for the North and exactly
the opposite way for the South. So this phrass.
Sound business interests of che country" meAns
initiation before the election and contraction a.
"hands off" after the Democratic ak Is ground
| sharp by National votes. The truth is the Dsms-
cratic party has no fixed principles and its ouly
coherency is anything to beat Grant and
cure the offices"
r.
dunn of exchange, and a tender for debts. AZ
a matter of fact government has not even ths
power to interfere with either o. the irstnamu&
| qualities. No government other than despoe
ism can compel a farmer to exchange his usls
| fr Or to value it in nat or any other kind al
money. Why should the government tamper
with the third qualify of money when il can
not with the first and seconds Why compel q
| laborer to receive for his wages what he cannes
compel his grocer and tailor to receive foy Nh
wares except at enhanced prices2 Such inter
ference Is a direct taInperiug with the vital in
terests of laborers-to say nothing of the rights
Of creditors. The only pretense on which this O.
be jus flied is to feed fat The ancient grudes
of the Democrats against the crcditog
classes. When the delnagogue how'll absut
the bondholders and bankers buying their bonds
with currency worth only forty cents on tbs
dollar. he wilifully and maIicious.y ignores thu
| fact that at the same time the whole Americas
people did the same thing in every departments
Of life Real estate, produce, stocks and u,er-
chandise of all kinds changed hands in thess
| years at forty cents on the dollar. Wben
| the entire country did business dollars de-
preciated sixty per cent. what special require
| ment was there the bankers and bonsino5&
| ers to pay for bonds dollars of full valued The
| whole argument is an effort 10 make pollticaf
| capital by cOmmunistic pandering Ia the ancient
| feud of poor against rich Democrats whius
| their bodies at the front while rich men In the
rear bought bonds at frty per cent. proft
| Grant that the rich, 10 avoid the draft, hired
| substitutes. Did they not hire them at the
enormous rate of 81 $40 to $1,000 eachi DID
| not the wealth OF the country pour ont ita
money like water to support the soldierzf
| famiIies2 These same bondholders were taxed
| 81 ,00O. 900, 000-douhle and treble they ever
| made on their bouds-to support the wives and
| children of the soldiers at the front. If the
| national banks monopoly, What hindess
| the entire American people from sharing in Isl
| A curious monopoly that, which is open equally
1 to all classes. If u monopoly, why doa't Hea-
drlcks aud Mcdonald sell or give away Their
! bank stock2 Why do they have part or lot -
| the uncleau concern2
When Frederick the Great was asked how b.
made his army all sting, he replied. by dealing
! ont TO them each morning equal ratlons of bread
| and lead. Let us, the Republican party. 20 and
do likewise. We saved this country IN 1851
from treason. in 1863 from dis upton, now ne
are called upon in 1873 10 it IRON dishonr
esty What are politicsi Simply The appl;car
ton of the great laws of right 10 public affairs
| aud emergencies Honesty is the great stand
| ing poiicy OF uation as Well AS of an lndivid-
| ual What makes the dis incii0n b.
| tween a politician and statesman VIII
is it that Monroe, Benton, Douglas and
| Buchanan have long since gone TO the molcz
| and the bats, while Hamilton, Adams, Lsncoin n
| and Webster are household wvrdsl Why 10 Is
| that politicians by the acre are annually bora
and def What constitutes the difference DO
| tween notoriety-which is the consuming pas-
sion Of the American people-and fam f-"thax
last infirmity VI noble minds"-that Gomez to -
| few aud SO often comes perclied upJu the m %
of temporary deteatl will tell you: States
manship is wholly unselfish and seeks the wesi
| Of tho whole country, Regardless u
State and local lines aud temporary
aud transient success. True states,uan-
ship can afford 10 wait. 1t gives pair
that healing may come afterwards. 1t has ~
Yrevenges or grudges TO gratiTy. 1t indulges in
no pampering To the feud between rich and looC
IL las M fiInr-seryinn exncdienfa az the exn.nsr