The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-09-26
SHERMAN'S TOLE-
DO SPEECH ON FINANCE AND
CURRENCxT GOMEZ TDED

CURRENCS CONCLUDED.
The following is that portion of the
speech of Hon. John Sherman, the
Secretary of the Treasury, which was
devoted to a bea,y to the recent Gin
9cinatti speech Of United States Senator
Thurman, of sGhio, on the finance
and currency Qnestion A.:
Senator Thurman, my colleague for
Enaany years in the Senate, was ONE Of
This class of Democrats (who were in
favor of specie resumption and basing
our greenback currency upon a specie
besis), and although our financial
measures did not eexacGly please him,
and he generally sveted against them,
yet he freely said dixie MI. Bayard and
}dtlers, he desi&ad resumption, and
kstood by the old jackson Democracy
! in favor of hard B2aney. The eXigen-
cies of party tactics. have led him re-
Gently to make a speech in which, with
entire respect for him, desire briefly
toAeply. So far as he seeks to show
!his4eonsistency and concurrence with
hissfellow Democrats, it is domestic
matter and Will mot interfere, bat
sonae Of the positions taken by him [
Unjust contest. He says 4..
81 think [ do them no injustice
|Mhen l say that the leaders of the Re
! publcan party are in. favor Of directly
1.-THE opposite courser-that is to say they
H.~ould retire all the greeabacks in OF
ataers that their places laaight be filled
with national bank notes.
slss..N4sTEs9eR THURMAN:s ASSERTION EN-
PRACTICALLY DENIED.
| Senator Thurman is greatly mista-
keaa I'M this position. ASH have already
shown, sthe Republican party is not in
FAVOR of retiring the greenkacks in or
deg that9their places may tse supplied
with national bank notes.
No doubt some Republicans, like
some Democrats, are I'm favor of the
Unidad States withdrawing from the
business of issuing paper ,naeney, but
the Republican party has never taken
such a position, and nsoW distinctly
maintains the right and duty of the
Government to keep ia circulation
such aR ,amosslt Of United States notes
as can be readily maintained st par
with coin.
In every lasE authorizing these notes
there is a limit fixed to theaa amount.
During the WAL the guarantee was
made, and neNer has been violated,
that the amount should not exceed
$780, ,rO0s and no authority hasewer
ikeen conferred upon any officer of fhe
sGovernment to reduce the amount be-
low $3OO,0o0s00Q, but now the mlial-
ilpum limit is fixed. as I have alneady
stated, at $34G,6e1 ,Oa6.
SENATOR THURMAN WANTS NATIONAL
BANKS ABOLISHED.
1n his speech at Hamilton Senators
Thurman openly advocates increasingly
the amount Of United states notes out
standing $346,O0O,0OO to $66s, 900, 0OO3
by issuing United States notes in place
of the national bank notes outstand-
ing. He declares that the principal
feature of the Democratic platform is
the proposed substitution Of green
backs for national bank notes. Hell
would thus render specie payments i'm
possible during this, and perhaps the
next, generation, and this at a time
when specie resumption, which he has
so strongly favored, is on the eve of
success. /
THE POSITION OF THE REPUBLICAN
PARTY DEFINED.
The position Of the Republican par
ty is in favor of greenbacks restored
to their normal condition of paper
money, equal to coin and redeemable
in coin at the demand of the holder,
while the position of the Democratic
party, as stated by Judge Thurman. is
in favor Of the issue and maintenance
in circulation of $66s, 100000 of United
States notes without any provision
whatever for their redemption or their !
conversion into coin. This issue is
distinctly made, and for one / distinct I
ly accept it. We favor paper money
redeemable in coin, and the largest
amount that can be maintained at