Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-02-26

tent cut off, and lastly, we should by no
means approve the administration which
might be lnugurated by set of well mean
ing people, whose zeal so far outruns their
discretion, as would appear to be the case
with the reverend author of the aforesaid
letter.
THEILLINOIs DEMOCRACY.
n State Contention to Be Held ipril It'll.
The Illinois Democratic State Central
Committee met in Chicago on the 22d, and
resolved to hold its State convention at
Springfield on the 18th of April. Mr.. Nc
Cormick, the chairman Of the committee
spoke as follows:
GENTLEMEN OF THE DEMOCRATIC STATE
CENTRAL COMMITTEE OF ILLINOIS Since
our last meeting President has been ap-
pointed, the wheels of the new administra-
ton have been put in motion, Congress has
been legislating upon the great economic
questions that relate to the prosperity of the
people. The President was not the man of
our choice, but that of a commission, in which
our party took part and lost. Wemay con-
graduate ourselves that all has not been
lost. We have held possession of the great
Representative branch of the legislative de-
partment of the government, and have, in
part, at least, wrested the control of the
Senate from our adyersaries, which body
will, with the close of the present Congress,
be in harmony with the House of Repre-
sentatives, and with the Democracy. The
honor and the responsibility of governing
and guarding the interests and the liberties
of this great nation now devolve largely, and
will soon devolve wholly upon the Demo-
cratic party.
I have myself to say that, while in New York
in November last, had the honor of an in
PRODUCTION to and conversation with
THE PRESIDENT,
which satisfied me of his original and honest
purpose, on finding himself placed under
Presidential responsibilities, to discharge his
duties as President of the United States fear
lessly, to the best of his ability. My fear
was that he would not be able to sustain
himself in opposition to the great leaders of
the Republican party who would be, and as a
mattertof fact have been, arrayed against
him in his statesmanlike and patriotic policy.
For one, I now have faith in his ability to
sustain himself in this unequal contest, with
that support from the Democracy to which
L CONSIDER nl1u euIlCleu, anu WHICH cannot
doubt he will receive.
In the call given for this meeting of the
committee, as advised by some members of
it, with view to considering the question of
a call for the meeting of our State conven-
ton at an earlier day that usual, I desire,
gentlemen, to learn your views.
The country has been greatly agitated by
the discussions of Congress on the question
of
THE CURRENCY.
With the increasing power and RESPONSE
bility of the Democracy, it becomes our
duty, as members of the party, and as hav-
ing voice in its councils, to bring to the
consideration of such questions the calm
and conservative views and principles which
have ever prevailed in the party of the peo-
pie. We have not, I fear, in the present dis
cussion, given sufficient prominence to the
fact that the financial crisis through which
we are passing is one of those which occur
periodically, as the result of improyidence,
speculation, and overtrading, and from
which recovery can only be had by economy,
industry, and frugality, and thus by patient
~ awaiting the restoration of confidence,
without which the whole credit system of
the country, so indispensable to all COM
mercial pursuits, must be failure, until we
can find sufficient coin, not only to serve as
basis for our circulating medium, but as
that medium
It may be observed that the statesmen of
the Democratic party in power during the
similar crises of 1887 and 1857 directed their
attention to the removal of the burdens of
taxation from the people by greater economy
in the administration of the government.
And in my opinion the policy of economy
and reform which the Democratic party is
already inaugurating in Congress, and which
it will further enforce as its power in the
government increases, is the chief hope of
the country for full return of public and
individual prosperity. The restoration of
the silver dollar, under the provisions of the
bill which has passed the Senate, cannot
suddenly change the conditions of trade and
productions, but it is an important step in
the direction of solution of our financial
problems, especially in SO far as it looks to
an agreement upon uniform silver standard
by the leading commercial nations of the
world. It cannot be doubted that the stand
ard thus arrived at would truly represent the
relative values of silver and gold, all the facts
being considered, as they were at the time
when our Congress originally presented the
relative weights and value of the constitu-
tional metals for coin. Such an agreement
between the leading commercial powers
would obviate all the present questions be-
tween the government and its creditors, and
between individual debtors and creditors. II
is surely proper that the Democratic party
should on this point, and at this time, while
demanding our original and unrestricted con-
stitutional currency, be careful also to con
slider the constitutional doctrine of the in
volatility of contracts and the Jeffersonian
doctrine of
EQUAL AND EXACT JUSTICE
to all men, and to apply these great Demo
cratic principles to this, as to every other
political question.
AS had the honor to say to this commit
tee on previous occasion, do not think
any burdens should be added to those al
ready upon US by an effort to resume specie
payments on the LIST of January next. That
desirable ending of financial uncertainty can
appropriately be deferred until the plans for
the employment Of our own resources of sill
yer and gold are perfected, and in full and
successful operation.
John Sherman.
[Pittsburg Dispatch.]
On the whole the Secretary of the Treas
ury is rapidly developing into sort of Jonah.
He is losing the support Of those who, over
coming their prejudices, felt willing to sup
port him when he entered the cabinet. He
will have to mend his ways or resign.