Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1878-07-04
The Republican Party and the Finances

The Republican party, unlike the
Democratic party, has not one set OF
principles for one section and an en-
tirely different set for another. 1t
does not make platforms simply to
catch votes, and with no intention Of
carrying them out. The views OF the
substantial leaders OF the Republican
party, and OF the rank and file as well,
which constitute the great majority
at present, are summed up by the
Ne,c Republic as follows:
|. That a further heavy imitation Of the
currency will result in apather disaster.
2. That contraction Of the currency is
not demanded by public sentiment. is not
necessary To resumption of specie pay
ment, and would tend tn an unnecessary
contraction of business enterprises.
That sufficient gold has now been
provided for resnming specie payments,
and will be used for that purpose without
any general disturbance To the finances of
this or any other commercial country.
4. That when n resumption of specie
payment shall have been effected, we shall
have currency of gold for all who prefer
gold, and of paper for all who prefer paper,
which will he the equivalent of gold for all
the purposes Of money, aud which will be
of equal value In all parts of the United
States.
1t is supposed that the adoption of the
policy of the Secretary of the Treasury
will secure the following results, viz:
1. Such restoration of confidence as
will liberate and put in circulation large
amounts OF gold which have been boarded
or kept for speculative purposes I'm the ex-
pectalion of rise in the price of gold
whenever an attempt should be made to
resume.
2 Such restoration of confidence in
business ~ will induce capital To seek in
vestmcnt in active business enterprises
3. That the country will he relieved in q
good degree from fiuctuating circulating
medium, so that contracts to be filled in
the future will not be affected seriously by
changes IN the value OF the medium al
payment, thus securing reasonable certain.
" in all legitimate ventures.
A. That the restoration of confidence
| and the certainty that there will be no fur
Their changes of legislation affecting money
and currency will augment business and
enlarge the field of mechanical pursuits, &c
as TO make demand for labor aud secure
to It more ample awards than 1t has here
! tofore enjoyed.
3. That with a currency Mt all times con
vertable into coin Mt the will of the holder
the laborer, when he receives his wages
| will he assured that for the dollar received
he can purchase dollars worth of ANY
commodity he may need or desire. and no
be subject To the liability of its shrinking
| from ten 10 twenty cents in value while il
remains in his hands.
6. That with a return To specie pay
ments without contracting the present is
sue of greenbacks, and with government
bonds at per cent. interest selling at par
there is n reasonable assurance of such
moderate rate as will enable enterprisin,
business men TO secure capital withOu
parting with all the profits To the broke
and money lender.
&. That the settlement of the question
will put an end to wild theories and un
profitable agitations, and restore the publ
mind to such state of tranquility as will
conduce TO order, industry, and the mod
crate and healthful accumulation of wealtl
and competence.
1t is not to be expected that specie re
| sumption viii cure all the evils which al
flict society. and do away with all the in
CAPABILITIES that exist in the condition Q
men. Some are more competent than 9th
ers; some are more Industrious and saw
ing in their habits than others; some ar
more healthy and vigorous; some NOR
fortunate, and some more enterprisng
and hence distinctions become unavoids
BILE, and no legislation and no system G
finance will ever secure that perfect equa
ity which is the dream OF the unfortunal
and the promise of the visionary and tn
demagogue; but that it will do much t
secure an equal chance for all, accordin
To their native abilities, exertions, an
. merits, there can be no doubt or question
And TO have the question settled must ,
itself be an advantage which no one
likely TO exaggerate or overestimate.
The Republican party gave 10 the couI
try it's green5acks. and the plan of Secrs
tary Sherman will make it a. good as gol'
Let the voter ponder upon these stat
ments and decide candidly whether an
other party can do more or better.