The New York herald., 1879-09-06

| to the specie standard" Could human ingenuity
combine in one sentence greater tumble of contra
\ dlctlons?
| On this question Mr.. Ewing said the two parties
are squarey at ISSUE and he called the people of
| Ohio to decide by their votes whether our great
American money product shall be put on an even
par with gold. and whether they will have the old
dollar OF the fathers the dollar of the Shy
locks.
The proposition to substitute legal tender Treas
ury notes for national bank notes. which is one OF
the great issues between the two parties in
an oft repeated. but utterly fallacions. asser
ton that there would be no saving to
mits that with the s32s. 100000 of Treasury,
notes substituted for bank notes about an equal
! amout OF four per cent bonds could be bought up
and destroyed. thus saving interest to the amount
OF Sl3 i20 900 per annum; but he asserts that one
fourth OF that sum must oe added 70 tne aod ths
bonded debt Increased correspondingly IN purchase
OF such coin. have already shown that TINS sub
stitution involve the addition of dollar TO
the coin the United States being now the re-
demptor in coin OF bank notes as wel as greenbacks.
He further thEt the banks pay taxes to tho
| United States and the States equal to nearly
$1,000 900 year, and that all this VIII be lost If
| legal tenders be substituted for bank notes. The
answer is that the national banks pay no tax what
ever general or the state government, except
such as the private banks also pay, save only the
| one per cent tax ON average outstanding circula-
| ton. This tax Is somewhat less than $32s0,0OO a
| vear and il is the only tax which would be lost by
| the substitution. The other taxes, paid alike by
! national and State and private banks. de-
posits capital. checks. &C.. which VIII continue to
be paid by the present national banks or by
their successors. ii they should reorganize under
State laws after their circulation shal have been
Withdrawn. The saving, therefore, TO the people
by that substitution would be within fraction of
$40 900 900 per annum. Ii would be u saving to
the people of Ohio OF about S75O.OD0 year, and
TO the people Of Galla county of about 81 900
year. II the substitution be made gradual. as
proposed by the democratic platform; H.. It VIII IN
their customers; will wrong no one, for the char
tiers of the banks contain reservation OF authority
to alter or amend them at the pleasure OF the
government; will give the people better cur
rency and Tighten their tax burdens.
Our national banks. with capital Of .000. 000
divided SAT 0000O0 in 1876 and 0O0 1871 the
most disastrous years to the business OF their
banks in Boston New York. phiiadelphia and Baiti-
show actual fall in the prices OF bank stock
between 1874 and 1873 of but five and half per
cent? but meantime, everything which money buys
fell forty per cent, which shows that the wealth
of the shareholders of national banks has increased
in relation other property about thirty-hve per
in the four years OF disastrous preparation for
resumption.
After producing q formidable array of figures to
show republican extravaganza and denouncing the
clamor against the South Mr.. Ewing argued against
the of the Marshals and Supervisors
laws and the law providing for the OF troops to
preserve peace the polls. aud in conclusion sad.-
And we now appeal from the advocates of Federal
interference the lovers OF home rule to sustain
action We will let the ballot box itself declare
troll of the officers of the election precincts, Of
EN- ssaries hired by the administration and backed
ton nor secession but only orderly, honest and
patriotic appeal from Caesar to the people.
EFFECT OF THE BUSINESS REVIVAL ON THE
SENTIMENT of THE PEoPLE-vIEws OF A
GREENBAcKER ON THE SITUATION GRIEv-
ANcEs OF HAMILTON COUNTY REPUBLICANS.
CINcINNATr Ohio, Sept. g. 1879.
1t becomes still more apparent to visitor passing
through the State that large majority of Ohio
voters especially in the towns, think they fight
ing national battle the Of which will strongly
affect the plan of next years Presidential campaign.
The republicans, deeply imbued with this idea,
keeping in the foreground the principle Of national
against State supremacy which was fought over by
the two great parties during the extra session of
Congress. Oddly enough the democrats, who pro-
fessed themselves willing to go to the people on this
issue have almost torbore to it upon popular
attention General Ewing. the chief democratic
orator in the field, rather prefers the money ques
ton and to diate wrongs and grievances less and
less distinguishable in view of the advancing pros
perity of the Commonwealth. Perhaps Senator
Thurman, who has just completed the draft of
speech with which he will enter the campaign at
Columbus next Saturday night may then loose the
bands that seem to bind the tongues OF shyer
speakers.
oHIOs GREATNESS.
Ohio is q. great State--great commercially well
as in respect to it's manufactures, and, of course,
politically great 1t has lake aud river frontier of
666 miles. Its of nearly forty thousand square
miles includes % 3 of taxable lands valued
500 ,2239s5 Including the value of real estate
in towns cities and villages and the value of chattel
property the mere surface value last year was reck
oned st 504, which the State tax alone
amounted to some $4,5O0.0Oo The subterranean
products include the following:-
Coal mined annually (tons) )............. 4,000,0 900
Iron ore mined annually (tons) 100000
salt tbarrels). 2oOOoo
Petroleum tgallons) l,5OOOOO
few Of the industrial interests of tho State
shown by these figures
Farms valued 81, ,0b4 465 226
Farming implements and machinery. 25,6921s7
Farm products s........................ l9S256.9Ol
Animals slaughtered aud sold. .... 4O495,325
In the value of farm products Ohio ranks below
New York and Illinois; in the value of slaughtered
pork and cattle below Illinois alone The State
stands fourth in manufactures:
Number Of manufacturing establish
, men 80 a2'dS 40
Hands employed. l322
Wages paid. 49.06d lsb
Raw material used (value). .......... 7,l3l 6s9
annual product. 269,Vl36lO
The last table of manufacturing interests) is COM
putcd from the census OF ten years ago. 1t is be-
leved at the Office OF the Secretary OF State in Colum
bus that the annual product OF manufactures had
than doubled in 1876 Since 1876 the State. its
mines. its farms its manufactures. the interests of
capital and the interests of working people had suf
fered considerably. How blue many industries
looked only year two agol l sat in certain
counting rooms and back Offices in Cleveland and
Cincinnati and listened to talk about business dis
rial enough to make one think every thing in Ohio
was biunderng downward to the dogs. But times
have changed. In tho coal mines, the iron mines.
everybody is at work; farmers are employing un .
usual number of hands in outstanding their lates {
crops; iron mills. blast furnaces. machine sh ops,
saw and planning mills. -four mills and nslny other
manufacturing establishments are ''booming;" and,
excepting the cities where aborers and others have