Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-08-25
Danoers Of the Money Po,cer.

Dangers Of the Money Po,cer.
To the Editor of the Globe.
For years We have had dinned in our ears
by the leaders of both political parties the
cry that the nations honor must be pre-
served; that we were id danger of repudia-
ton should certain men and certain measures
succeed, and another Presidential campaign
is about to open with the same senseless cry
as one of the inspiring planks in each of the
platforms that will be adopted by the several
nominating conventions. Is it not time that
the press of the country took up this ques-
ton, and if there is to be no reputation let it
begeneral? Ihave before me the act passed by
the Congress of the United States saying the
silver coins of the United Ststes shall consist
of q "trade dollar" Of four hundred and TWEEN
ty grains. In the face of that act which
made the trade dollar the only legal silver
dollar of the country, We find the govern.
ment refusing through its different offices to
accept it. Reputation indeed! Repudia-
ton for the laborers and mechanics who deal
in small sums. Good faith towards the
banks and capitalists who deal in large ones.
That is waat it means and that is what it is
in fact. And now as. Democrat protest
against anything but straight forward Dem
ocratic platform with men as candidates
who believe and will act
up to those time honored principles. The
Democrats and the Greenbackers are in &C
cord upon the fundamental principles of
party action and there never was real divi-
sion until Tilden secretly gave pecuniary aid
and secret counsel for the purpose of defeat
ing the Democratic parties of Indiana and
Ohio, SO that he could hold the New York
convention to his special creed by pointing
to the defeat of the party in those States.
How long suffering people will submit
know not, but know of hundreds like my
self who have looked passively on waiting
for the good sense of the people to unite and
place the men in power who
believe in all classes sharing the burdens of
the government equally in proportion to
their means-who believe in sound bank
ing system that does not depend upon the
perpetual existence of the national debt for
its life-who believe in coin as basis for
the greenback, and that the government
shall be compelled to redeem at par all coin
as money issued by it. That is the belief of
every Democrat, and that is the belief of
nine out of ten of every Greenbacker. So
long as the Democratic party bend the knee
to those in whom they do not believe, they
cannot blame those who follow this convic-
ton and time favored principles. The
Democratic party is,0 party and the party
of the people. The Belmonts and the Til
dens have no place in it except for mercenary
ends. The party press is owned and con-
trolled by them in q large measure. The
only act of General Grant that was ever
praised by the Democratic press was the
most damnable act of his life, when he
vetoed the misnamed .'inflation bill'' in 1873,
and that was in obedience to the demands of
the Belmonts and the Tildens. To that
veto we owe in great measure the long
train of ruin and misfortune that has swept
over the country. F.