Mexico weekly ledger., 1878-10-24
seFHE DIFFERENCES"

Ihe laws regulating ~ Delore
the resumption act was explained,
contemplated gold coin and converti-
BILE national bank notes. This en-
bodied what the east demanded and
still wants, as is apparent from Carl
Schurz' late Cincinnati speech, giori
tying gold and ridiculing continued
congressional contro. of the nr-
rency.
But congress authorized the re-is
sue of greenbacks, and provided for
silver as we'll "a gold coinage, limiting
it, however, to SIS, 900, 900 per month.
Our present money laws therefore
recognize gold and silver coins, IA
tional bank notes and convertible
greenbacks. and in doing so have
been accepted by the Republican
party.
Their Ohio platform declares that
the financial question had been set
tied by congress, and their Saratoga
convention plants itself on hard
money, and insists that ''the green
back should be made as good as hon.
est coin"
Strangely enough eastern Demo
Gratis also accept this status OF
finance. Their convention at SYRIA
cuse affirmed that our only currency
should be 'sgold and silver coin and
| paper convertible into coin at the will
of the holder"
! Under such circumstances it is not
singular that Messrs. Cooper, and
Winder have advised their followers
to ''drop all other issues and concen-
trate their whole energies to the re-
peal of the Resumption Act and the
substitution of Greenbacks for Ma.
tional Bank notes." To do so in
New Jersey, Pennsylvania, New
York and the New Finland states
would be sensible. II would be in
telligent. 1t would place their fol
lowing indirect and incisive conflict
in all those states, with all othel
parties and enforce the considerable.
of what they advocate.
The wisdom of such advice how
ever to their Western followers is no
so clear. There the Democracy has
not been satisfied with the status o
finance, but has connected principles
similar to those nov announced b,
Messrs. Cooper and Winder with fret
mintage of silver. Ifth2 followers o
} those gentlemen in the West deter,
mine to drop absolute money ant
labor affiliations, it would be ia
wiser to co-alesce with the Democra
cy than to stand alone.
Here in Missouri, these gentlemen
have no organized party. Only
few have adopted their present views
We have it is true the s~o-called Ma
= tional Greenback Labor party, bu
l that is the Absolute money organiza
l ton.
Its platform was ]concocted b
Britton A. Hill, with the exceptio
Of what is incorporated in it to pleas
4 the labor faction of st. Louis. Thes
= are subversiye of order, honesty, ali
the constitution and will kill il
. Among them are the following:
Issue of enough absolute money {
: pay the national debt, to be loane
1 to the people at two per cent. if IL
bondholders refuse it. P~rohlbitiO
: of further issue of interest-bearin
v bonds. An eight hour law. A fir
! lien to secure labor wages. Redu'
ton of homesteads to 40 acres. Res
i ervatlon of nine sections per tow
Il ship for schools, &c.
n That Judge Fagg, its leading rel
e ~resentative in this district is, an ultl
1t absolute can be seen from his speed
n made at Louisiana % h Sept la
a and published in the Mexico Unior
Is To Satisfy those that do not have a
% cess to it we make the following gu
Is tations: "What we want is, tn
at the image and supersc ription of Il
government shall lie stamped
re whsteyer is circulated as money,
that gold, silver, iron, lead, mich
s. or paper" Now | am not in fay
y of nor have l ever urged any flnanci
policy that will initiate our curren
" to an unhealthy circulation, and "
there is a point to which busine
might be stimulated. We had neal
ill 81. 00O, OGO, 900 in circulation at t
end of the war
is Cut this out and past it in yo
he hat.