The Portland daily press., 1879-08-06
Capitalization.

Our friend Pingree, prior to the Democratic
State Convention this fall, wrote some articles
in the Argus headed Democracy vs;Centraliza-
tom, in which he labored to show that the Re-
publican party had centralized everything in
the general government and that his party had
always been opposed to centralism. Since the
Convention even friend Pingree has subsidized,
Tor of all the wild war measures advocated by
Butler in the shape of force bills, &C., none ev-
er began to favor Capitalization as much as the
platform adopted by that convention and the
doctrine advocated by the Argus every day,
viz: the issuing of paper money direct by the
General Government direct to the people, thus
making our money the football of politicians
and putting into the hands of the Secretary of
the Treasury the whole money power OF the
country! This to-day is what Democracy
means We should simply become an absolute
despotism. The plan is more dangerous to the
liberties Of the people than anything ever
dreamed of by the trainers of the infamous fu-
gitive slave law, which was the most disgrace
full assault upon the liberties Of the people ev-
er made in the interests of centralism in this
Or any other free country, and that was done
by the Democratic party.
What would Jackson, Benton, Wright, Van
Buren,, Woodbury., or Marcy say could they
come out of their honored graves and
read the columns of the Democratic pa
pers in this State today? The old party, with
all its faults, stood for hard money; but now,
every vestige of what made Democrat has
disappeared. They propose to make the Gen
eral Government vast banlSing-macline with
r..1l. rl,a,,a
Congress shall order it. Ii the party in power
have both branches of Congress with them all
they have to do when the year comes round to
elect President is to issue money for some
pretended improvement in a close State and
make their opponents fight the public purse as
well as the credit of the country. Business
would be unsettled, for no one could agree mp
on what the wants of the country would be;
and the people would lose all power to reform
abuses by having the public Treasury against
them. The Democratic party by placing them
selves upon this platform have made them
selves the party of Capitalization, and even as
brazen demagogue as Pillsbury with his in
sincere grin upon his slobby face, ought to hold
his peace and say no more about centralism.
There is one thing in the way of this surren-
der of liberty; that u.s. the Republican party,
which is the party OF liberty. Our party has
planted itself in favor of maintaining the
rights of the people upon this question. We
believe the National banking system is the
best ever discovered, that it is safer for the lib
critics of the country that it is free for citizens
who may wish to deposit securities in Washing
ton and have the privilege of banking. Our
party was the father of the greenback, and has
stood by itsoffspring, and, in spite of Demo-
Gratis in opposition, to-day the gfeenback is as
good as gold. The National banks may fail;
but, thanks to Republican craftsmanship, the
bills in the hands of the people are secured,
and no one who holds them can lose cent.
Mo- The Republican party is not in favor of
centralism but is the party of the people. The
Kangaroo party is for the worst kind OF central
ism: viz, putting the whole money power in
the hands of one man. instead of the people, as
it is to-day, thanks to the wisdom of the Re.
publican party. TRUTH.