The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1879-09-11
cAREY.ssREAsoNs

49, a-fs -
q. u iala.g.ss ,eielsl.l 49,
q ~. CAREY'SS REASONS
Why He sppDsrts EWING and Rics
4 In his speech at Steubenvllle' on the
evening 6f the 2lst Of August, Gener.
al s. F. Carey gave bis reasons fol
supporting Ewing and Rice as follows
/ How can the National Greenback-
ers in Ohio make their influence most
! effectively felt in the present canvass
In answering this question there is
room for an honest difference of opin-
ion. L have no words of censure or
denunciation for those who disagree
with me as to the path Of duty. leave
It to those who think their judgments
infallible TO excommunicaie and de-
nonnce "a traitors all who do not ar
rive at their conclusions.
As National Greenbacker I cannot
support the Piatt platform and ticket
for the following reasons, tcrsely and
distinctly stated: 49,. 49,,
L The platform ia. not in accord
with the previously promulgated doc
trines Of the National. Greonback La
Dor party.s Its leading proposition is
TO call ID Immediately all the Govern
ment bonded indebtedness and pay 1t
of without regard to tho laws under
which the bonds were issued, or the
terms Of the bonds themselves. This
ia indefensible, unwise and revolu-
tionary--it il ascowardly way of vio-
lating the public faith. 1t may be that
the avarice Of the Money Power will
force repudiation; but let it como, If
Il mast, Of necessity, 1 would not pro-
claim myself q repudiator. Congress
has repeatedly acted in bad faith with
the people 1t tho instance of the Nom
ey Power, hut this IL no reason why
We should initiate their bad example,
especially as the people have indorsed
the action Of their Representatives By
keeping them in power. II the prop.
osition in the Columbus platform were
lawful and practicable, its enforce
ment would ruin the debtor claeses
aud give to the bondholder An advan-
tage greater than has ever yet been &C.
corded to himVby any subsidized Con.
gress. It.wonld place in the hands Of
the bondholders the means Of buying
up al the incumbered property of the
country 1t the present depressed prices,
and enable them, to riot unmolested
uptn the honest accumulation of years
Of self-dsnyiDg toll. Not only the
real estate. but the mining, mechan-
ical and manufacturing industries
would Be at their mercy. ois''ts
Tie policy Of the National party is
to revive the Industry, give employ
ment to labor, restore the price OF real
estate TO lis normal condition, infuse
new life into every department of
business, farming, mining, manufac.
turing, mechanical aud commercial,
make four per cent. bonds an unprof-
table investment and force them into
business channels. Repeal the infa-
nous act of March, 1869, and when
the 500 O0O, GOO of Ave-twenty bonds
still outstanding we're redeemable,
pay them off in legal. tenders, or in
silver, Or In gold as most convenient
to the Government, and issue no more
bonds. Repeal or. suspend the inter-
nal revenue laws, institute . graduated
income tax, and let the deficiency in
the revenue be supplied by an issue
from time 90 time of legal-tenders.
By this mesns business would revive
and the holders of the four per cent.
bonds would be glad to convert them
into money at dlscount, and thus
money would seek the channels of
trade, where more than four per cent.
might be realized. We would inau-
gurate state of things which would
make four per cents very bad in
vestment without the slightest degree
infringing upon the public faith. John
Sherman & Co. haye made four per
cents desirable by paralyzing business.
We Would make them most undesira-
BILE by giving business = new and
more vigorous life. "a s'iiiti
! 2. A. Saunders Piatt the nominee
Of the Columbus Conyention was new
er known as = National Green backer,
and IT, he eyer voted our ticket the
evidence Of the fact has not transpir-
ed. We are informed, and believe,
that - late a. 1876 be voted for Gov.
Allen. under protest. because of his
soft money and greenback heresies.
!, Hugo Preyor, who holds the se-
cond place on the ticket, declared in
the Convention before he received the
tha& he Was not = Nation
al Greenbacker, and he is the adver-
tised head of An organization in Ohio
which 10 openly and svowedly hostile
20 that party. 81 uaaW ~ s97.8Is
- A. the accredited head of this hos
Vie Organization this MAN Preyor call
"a Convention at Columbus Of his
Clubs at the same time with that of
the National party, with the design Of
either captaring the Ndtionul Conven.
tion or antagoniztng it. The follow
ing is q copy Of . letter sent to one Of |
the faithfnl:9 9sI %os baa a9if
u 6 CANTON. ONO, March Is, '79.
DEAR SIR:. The Convention is call
ed for the simon -pureG Greenback Clubs.
j. have called it the same day the Ma
tionais have their Convention; 80, il
they desire to unite and work In har-
mony with us, ell right; if not, we 60 |
ahead alone. Yours, - .
\ ~ 80, HUGO PREYoR.
4. Let me know how many delegates
you have, and who they are."Y al
The resultsi of the eDC Convention show
that these Clubs collected enough del.