Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-09-26

metals from our own mines aud from beyond the
seas will enlarge the volume of our currency
BEAUTIFULLY and ia precise accordance with those
demands Of trade" of which hear - much
from the advocates of irredeemsble paper.
Nor can l agree with you-Gifferug with full
Differences and re- pect-that the "best Europesp
thought is hAstening to the doctrine you advo-
cate 10 the three most enlightened and power
full nations of Europe, England, Germany. and
France, / question n A single authority can be
found that would ADVOCATE or even tolerate the
idea of the Government issuing paper money and
declaring IL to he legal tender. France under
the terrible pressure of her war it'll Germany new
err issued single dollar Of paper money, and she
forced her great bank back to specie payment
promptly as possible after the contest closed.
The best European thought" so far - can read
lis expression. cootemplstes no paper money
cept that which is redee BILE in coin Ct the will
OF the holder. III you can give me suy recoK
pzed authority IN any Of these countries that nd.
vocate. ferent doctrine | shall confess myself
Obliged to YOU for vslu able Information.
You express the belief that the policy OF the re-
publican party on this question twill insure south
ern Bourbon rule for the NEXT dozen years T" That
OF course belongs TO the future aud each OF Us
may indulge his hopes and his fears, his appre-
hens ons aud his speculntions concei ming il. But
did II ever occur to you that your own financial
theories are precisely those which the southern
Bourbons are now advocating with zeal and al
most with unanlmlty The southern democrats
who resisting the demand for irredeemable
mon NAV be counted on your fingers while its
advocates IN their ranks are as the sands the
sea shore Among the many evils to be feared
from the southern Bouib0ns coming into power
not the least would he the triumph of these iden
teal hercsies 10 finsrce 10 which you are lending
the great weight of your respected name.
There are thousands of millions of prorerty in
the northern states dependent for its value upon
the maintenance of public credit and the assur
suce Of sound currency. This not the prop
ery of The rich merely but of all classes; of every
man who has deposit in a savings bank of
every man who owns . state, mu nicipal or railway
security; OF every man who has policy of insur-
auce on his house, OF his ship, his life Of every
widow OF orphan whose bre al is derived from trust
funds; of every pensioner whose fuel and whose
food depend on the monthly stipend paid him for
service and suffering in the war. For all these
tered 10 The northern states from Maine to Cali
fornla, the southern Bourbons are not the ap-
pointed guardians nor the natural protectors.
But it becomes alarming when we see their ef-
forts aided and sbetted by your weighty and slo-
quent words, by your great and veuer rated name
In all great struggles in the political world, is
sues become generszed and details are left out of
sight. So it will be with this financial question
There can be but two sides to it one for honest
money, the other for wild lnhation;" the one
for maintaining the faith and honor Of the nation
the other leading to the verge and possibly lespng
over the precip,ce Of repudlation the one CON
posed mainly of those who stood BY the govern
ment in the hour of it, trial the other deriving
its chief sire myth from those who sought to destroy
the Union Of the states. 10 the party for honest
money there will in the end be many democrats;
and AIN sorry to admit that irredee ma Die paper
has found some Of its ablest advocates in the
ranks of the republican party.
ain with great respect.
Yours very sincerely
J. 6. BLAINE.