, 1879-08-21

s.',,ro ,I,c orratr,t rn..jh,e simplify ~ yac.t
in thts .entruco tlar ulnltnrH,. maker seems 10
in,., nntteoGnrnI I, ibrnS E,rIfnnt ri tf ,lnrt.
mesa uSun the subject. The volume oi thc Inv.
rrnmcnt naner currency. 1unljo irrtt]crmutjo
annju ir ,f,r sultstitut,on t,r g,eenacka for Na-
t!unnl-Iank notes, is not to bc confined to tho
existence, It is ni,o regulated u,mn psIncpes.
it would lie Interesting fpr tF,r American oeDnir
to know what thoso principles shall be. Hut
tlIia tin platform aa,tll nat The ilen secma 10
i,u lin. We ars 10 eec. ,hc Democratic ilrkct
first. aud they will tell us about those principles
afterwards. We ara to take thu fnf1atnM De-
luucracy IN trust, Meanwhile ,vo Rre un1y t,cr-
tpittri to knuw that those "prIncpes " are to
ne established by "urQas,sc iaw," wsrh can
mann uniy lIy amendment to the COnstttuttOn,
or hv tlraisintiul1,' which, aIrorIt,r to tic new
dispcnsAtit,tt, tnenns by Tic Democratic caucus
In ConRrcsa. i.
The Idea tint principle governing the GUAM
ttv Of money which Is 10 circulate III Tic United
Btutcs sluIj be liked by constitutional amend.
ueDt, tint il to kay, tint MI the Slnte Jrgisla-
lures from Arkansas to oMaskncllslsetts, at,l from
TexaR 10 Oregon, shall disc,i6s such protosI-
tnn submitted 70 them, mud t!at !! thrce-fourtlls
tiamcnsat law Of the lal,,, anu tl,at, II such
fundamental Law be found 'i.npractfcabo hy ex.
perience. II shnil require again tlIr ssarl,t IT
tArcc-iou!tlls of the State Legislatures to make
n ehnncr possible,-thfs idca Ia ~ superlativety
grotes0uo and ridiculous TINT II shnwH
The u,iuts OF the In!1at1on Democracy
to he capable OF almost any nbsurt3ily,
Wt mav console ourselves with tho assurance
tl,Mt among 10 Intelligent q peOpie "A ours,
three. .fourtits ot tie State Legislatures can
never be found To entertain such folly.
That such principles are to te fixed BY 1cEfs-
lation Is more serious, fur We lia.a alrcaiy
lad some e1uerfcrvg of what tsln Democratic
CAUCUS eau do. IN 1875 the Ohio Democracy did
not speak OF principles, upon which The volume
ol currency Is tn be regulated, hut strairht-
loFwaFtilf 9esna1n!cu CONGRESSIONAL ACTON 70
n'okc hMl Keep the currency c4uh' 70 tHe oc-
ioA,us u traae, WINCH Was anu~n ~ 1nea.. u1
,,t ,,ne.- ,,an,.ss II ,on ,,,ons scorreiv onr
nent piper Hnut'e!. u now aeans sea!seiY MY
.a. s.se. -. nna .S;s' ms "H, IT, ~, i."S ,,
ut ussle ,! H. ~ ~ ~ lauvt.sn ~ s,e epsevH
mn.n w.'' ~ opGueu t".s Sah1 nuh ~ ..;ss. ts
aeI .ew WEEKS aso. ~ sa'a ~ ~ a',e
sue =. gusissy n.s.ssns' a''t euss
,n.' ~ onsamsss a e iim,s I ,,f
While When toe eurrc'es ~ hol',s lncIcassa' IT..
ueS ,.st sa .l, ,, ~ ,,a'
no"er @ 70 Sosfo. 1ns 'ay ~ to .eer, eos
lE. as y noea, 10 pfolohhuly thc general pros- .
peIiLy, s y It's nhtuse kpvesG'en powGI. UT. anc
Wc'1are OF inc people demahas mat LUIS power
70 EXPAND or contract tne currency 10 r.ieo
anu 1o"cr Ya!uee, ~ eise nsospet'tf " MA'et
01strese, snn! hot oe eosllnlLteo TO the latus "
private 'nu'Vluuhis or eospora,lots, a'i Ieost o.
oil to colporatlohs representing t4'e hola-
ere q pa"he % anu nfsyate ,,aeA. ,ae"s' %hoSe
wealth Is ineseasea uy eVe1y ~, "
prices ana II ulsilllsneu ny eVcrs Tise. sAoutu
ho exercised ~ thc dovesn'nrnt alone, III such
mhnie. as hna'l ElYc ~ .ne mEu.u.s, tn"pat:s
UNI inai'str,hi c'asseh tns assuIaneo VI ,ust!st
establlsleu asNl etaplo snluns: !! lwo VI tnteu
thousand pflsate eorporatons: aStshE HI a. they
always an, ~ the interests o. tie ho!oeIa OF
money SECURITIES, arc perm'ltea 10 eohtfon t'e
volume VI currency a. tnsis pieas"Is, assG ga II
ho unit 10 lhe injury al'u LOSS tl,G5 MY h..sc.
unon TIE peop!e, Or 10 tne wsn!1n s,! tney lnay
themselves necnhu!ate " nuasn h'"s soll.
certcd measures o1 expansion anu contraction ol
values"
Here, then, 10 tien. E~!tfe's o@n atatethent ol
llts aud hts party's programme FIRST ne rom
tends tl,nt ereenbacks must ba substituted ior
Sat!onal.bank nntes, Whereby tl'c c'lrreIlcy
Wntt', rs have shown, beeotne an 1rfe.leeHahle
Government parer currency aEnin. And theiI
lio 'ays down tic broad principle that tine
power 10 expand or contract Tile currency, ~
raise md lover values, to give pr1kEer!tS kn'i
tnf!ct d!strcss should bc Gxerrised by the Coy.
erntncnt," and hy the Government Ha'oMe.'
My Democratic friends Ia! you n al rah3or.
have sou considered what ktntt hf leader YOU
have put ut t'n llead nf yoni party, ainl What
kind VI doctrine you arc called upon to accent
Ard intlorso By voting ior hin Gun. Ew'n. Is
Of I'D Wing 0rtCin. DO you rfnlrrhbcr upon
wtat grounds the Democrats. fought tho o!'l
Wings. Was 1t not mainly tint tic OLD
Whi4s were lhuuEht 10 iaYur M u1ltluo acx ut.ltl-
laton of powers In the hands Of INC
tII