The Morning herald., 1878-10-15
' ILUiEGrON. Del. Oct. Is, 1875
FACTS about RRENCY.


The financial Question is the all-importan;
one, certain to absorb every minor issue.
The men who voted for the legislation
which eliminated in the Resumption act,
perpstrated great wrong and gave bio"
to the sacred character of contracts, which
Get an example that has been followed by
the wild theories Of the extreme Greenback
men. The resumption act-the dfclama-
tory act as to the intent of the makers OF
bonds, and the demonetization of silver,
were all aimed at the purse of the people
Their promoters are open 10 grave sus-
picion of either dishonesty or infdelity 10
popular interests. The resumption act was
a direct breach of contract whereby the
payers of the bonds will be compelled to
pay Ia other and dearer money than was
agreed upon in the contract. Fair play
honesty, nay mere ststesmanship demand
It's prompt repeal. The parrot cant of
"honest money is blind. There can be
n honesty about law which throws upon
one party to a contract more performance
than 1t called for, Sixteen years interest al
six per cent. would about cqualiza the
principal of a deli; if the bonds of the
United States did 20 more, no man could
or would complain.
What is the fact?
"Up tothe present time, since January /,
1864, we have paid for interest lone on the
papljc d. it two hundred million more than
the amount OF the interest-beariLg debt
itself.
"Up to the present time, January 1864,
we have paid for interest alone on our
bonds held abroad two hundred millions
more than we received for the bonds them
Selves" ~ alat-",a. ...- .'a 81. "
so q very able and conscientious statis-
ucians states. We have no doubt of its
correctness, and assuming to be 80, is 1t not
dishonest In fact to have still further appre.
ciated the bonds already so ruinously costly
to the people. It has passed into history
that in 20 far as the silver bill was con.
cerned, the Senatorial coterie and theil
newspaper echoes, who filed the land with
jeremiads about It's effect upon our public
credit, the rise in price of gold and the
irjury to our national prosperity stand
convicted of either insincerity or the most
unqualified ignorance of the subject. II
ipsincere, they were dishonest; II ignorant
they have forfeited the right of asking
following upon any cogDats question. NJ
prate about honest money" or sneers al
the Greenback craze" will help the sill
versticks GU. of the niche they stand In fol
I'll men to see. Senator Bayard has chosen
10 take his place as one of the masters o.
the contractlonist scheol of fnanciers. W.
are sensible of the hereditary claims of BIZ
family upon the people of Delaware, and
the love and respect felt for them. In re.
turn for this, Senator Bsyard has mainly
helped to success the legislation which hi,
brought the Sheriff to almost every mans
door, and by this time he must gee that be
vas woefully mistaken upon the silver
question. This financial agitation, more
han any other which ever stirred the land,
tends to create classes in the republic. II
nas already begg Ared probably two millions
Of freeholders, whose land has gone init
the hands of rich corporations or indiyi>
daals. In this way the men of moderate