Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-01
A CLEAR STATEMENT.
The Position Witch the Democratic Ptrtu
OF the West Occupies on the Greenback
Question:
cincinnati ENQUIRER, Sept, 2s.

Il
of the Hest Occupies on the Greenback
Question.
Cincinnati Enquirer Sept, 49,
Harrers' Feetls says, with great truth,
that .'the result of the election in Maine is
OF the highest Importance that s.the Gin
clnnatl Enquirer, the great Western organ
of the Greenback movement, halls with ioy
the result in Maine:'' that sit is in vain that
Republicans and Democrats fence and evade
upon fictitious questions and unreal tradi-
lions; the commanding interest of the hour
Is hnanclal;' that this must be 1.-THE decisive
consideration In the Congressional cleo
tions.' The New York Times and the en
tire press of the East, have reluctantly
reached this conclusion. The stone which
the builders rejected is become the head of
the corner. The issue which the East but
yesterday lightly tossed aside is becoming
the only one Of which these people now
speak. They admit that everything
else is really excluded from this contest. and
the fight against the Democratic party is
loudly proclaimed as the fight against the
sreenback, which Harper's Weakly calls
dishonest finance
Hnrper's Weekly, journal of Civiliza
tion,' takes up the discussion like the conf
cal " end man among the MINISTRIES, away
behind time. 1t repeats, in talking of
"greenbacks and national bank uotes,'' the
| already dlsproved statement that 1.-THE legal
tenders were issued under the war power
The act was justified, and justified only, as
the court puts 1t, by a mortal exigency in
yolving the very existence of the govern
ment.' We have already quoted at
length and frequently from the de-
cisions of the supreme court to
prove that this statement of the opinion Of
the court is absolutely Incorrect The court
decided no such thing, as is already admitted
by lawyers who have examined the question,
II 1t lsnot known to the editor of the ,J0,tr-
nal Of C50ilisata0n. This, the first areu-
ment of George William Curtis against the
substitution of greenbacks for the national
bank notes, Is an utterly false statement of
Inc decision OF the supreme court, which
journal of such character should not make
Jumpers lIeeh7y then slys that Ia secC nd
objection is that the substitution of green
banks for the national bank notes would
place the whole volume of the currency
under the Immediate control of Congress-"
That is, If possible, worse blunder than
the other. Inc supreme court of the United
States, IN the very decision which turner's
~ '''J "iii"iiy VI S5iiolhiiliy iiliSIepTeSentSJ
declares az Wallace, $40 that s1ohateye,
poeoer there IS oUer tie currency is gested
IN Congress. If the power to declare what
IS money is not in Congress it is annihi-
lated This objection therefore fails. 1t
ls, IN effect, cha rging that this measure of
dishonest finance would place the control
OF the currency where the supreme court
says it always was and where it will always
remain-in Congress-
The third and last argument against this
feature of the Greenback doctrine is, as
stated by Ha1per's Weekly, that Its real
purpose is an unlimited issue of irredeem-
able paper money" This is beneath Hur-
Per's Weekly or it's cultivated editor We
propose to substitute government paper
money, which costs the people many
millions of dollars year That pro-
poses no increase of paper mon
ey. That is not an unlimited
issue g paper money. We, on the other
hand, charge that Ha1per's IFeehiy, by re-
slstlng this proposition, shows itself in favor
OF an unlimited robbery and endless taxation
OF the people in the interest of National
banks. We charge that that journal is in
favor of unlimited bank imitation 1t would
take away from Congress what the constitu-
ton places there, and put it in he hands of
the National banks 1t would perpetually
enthrone money power already perilously
powerful. But we have quoted the three
| arguments which the Jou1'noL Of C5o5hzut50n
| brings against the substitution of greenbacks
Tor National bank notes, the demand for
which it calls most specious.