The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-08-14
scian.iao tbinker. Or ths Ohio Republican

llsGniIeiv 4 aettledlsis undesirable; and it
n therefore wind work, yea, 1 dare say
ft. n Il fraud to talk of RESUMPTION on
oar value while thisis not legsllysettIed
AN oif paying transactions are incom
plele We are still in the meshes OF the
alofey iobbers, and our condition is chat
N Naly, Of which the Belgian Dele .Ates
It's he late Mint Congress at Paris said,
Fem. con-, that it has no rightful basis
and is violative of existing treaties.
Resumption de facto is not then re-
sumption de jure! And partial resnmp
tion is not full resumption Busl-
ness regulation is not legal rule; be-
cause it establishes nothing and every
hour may bring CHANGE The reguIa.
tions Of debtor and creditor, those Of
buyer and seller, are subject to accidents
and they lack the lawful freedom OF ac'
ton which complete resumption alone
can give. To speak of resumption as &C.
compIished, under such circumstances
is-salUe Uenta-an impertinence. Piease
tell me what we have resumed on, and l
will retract my harsh accusation. ,e
We stand before dozen money ques..
tions. all unsolyed. Full resumption will
exist only after they are solved. We
are even without legal definition Of the
word dollar. France has the franc, Eng
land the pound sterling, Germany the
mark as unit Of value and account, and
every Judge can decide what is payment
by the law of the land. Here the debt
or determines (if only dollars" are
mentioned in the contract) whether he
pays in gold or, silver Or greenbaekis,
And tits not nlypresumable, but certain
that he will pay in the money OF least
value-perhaps in deprecated paper.
More than dollar" must he spoken or
written in acontract to avoid misunder-
standings and wrongs. ~.
The Republican party has industri'
ously circulated the statement that the
Democrats alone mean to disturb exist
ingset;led moneyed relations. Butallow
me to ask: Are they settled Z Does not
the Republican party itself intend to
change them2 Do they not propose to
abandon the greenback and go to the
National Bank note? Yea, 1 ask, can
either party, or the country free from
party, abide in the present moneyed con-
ditions? | ask these questions in all sin
cerity of sincere men of all parties: Are
we to have monometallism or bimetal-
lism, or bond basis2 These questions
and their by-issues are still open; but
that we cannot stay as we are is beyond
contradiction. Neither the Republican
nor the Democratic, nor the National nor
the Socialists or Com munists have played
all their trumps. The "joker" is still out
and unplsyed. ,.sg.
Light, light and light again we need
as to our money questions, Neither
party has spoken its last word. The Re.
publican less than the Democratic, For
five eighths Of our paper money resump.
ton has not even been initiated, because
nolaw exists placing National Bank notes
on the specie basis. How dishonest is it
then to talk of an accomplished resump-
ton while the purpose is to. steer finally
for bank-note standard that has no spe-
Gle basis whatever? V n' r9a.t
That the main solution is still in ques.
tion will be still more apparent to all
when it is considered that the debts to
the banks, and theirs to the public, con.
stitute by far the greatest amouRt of all
indebtedness and exceeds several mill
iards. The unsolved sphere is the COM
ing struggle for real civilization in Amer
lea. Their purpose is to abandon the
greenbacks, redeemable and legal tender
as they are, and to put in their place
bank notes, whose standard value iestill
in doubt. How anybody that wants hon
est money can support this Is incompTe'
hensible TO me. 1t is the Republican
party that is for an irredeemable paper
money, while the Democratic party OF
Ohio proposes to make the legally limit
ed and redeemable Treasury note the
permanent currency of the country. As
comparative question, the Democrats
are certainly nearer right. The Repub'
lican doctrine is toward a money system
that depends on the arbitrary will of
several Thousand bank officers, while
that OF the Democracy is to- moneyed
ways and means that depend on the will
of our Federal law making power. There
is danger OF arbitrary power in both, but
least in the latter. With the banks, care
of and for private interests is the motive
to prudent management, but the free
large view is wanting with them which
statesmen alone possess and which makes
these, with the public welfare and the
common interest in their eye, recognize
| it as their duty to resist the eternal pres
sure after private advantage which is
ever pushing itself forward by those who
are interested in banks. To guard the
land and the people against these speCiaI
interests seems, as / think, at this time
particularly indicated. The one whee
of the coach of state is already in the
ruts of the National Banks, and it is on
thedagnerous side. Is not, then, preven
ton a necessity As Seneca points il
out to us, in the quotation 1 read to you
there are vicious learniDgs that must bt
counteracted by light drawn from prin'
ciples. 1g.v aia. tu 81
Adam Smith gave to the world one
hundred years ago a hint how people
can distinguish their friends from thost
of private interests, He said, chapter
| l07. "The member Of Parliament who
supports every proposal for strengthen
/ Ing mOuOpOly 10 buT0 W dv4ulI0 uOD uhij
the reputation Of understanding trade
but great popularity and influence witt
an order of men whose numbers anC
4 wealth render them of great Importance
If he opposes them, on the contrary, anC
still more II he has authority enough t
be able to thwart them, neither the moe
acknowledged probity, nor the highes
rank, nor the greatest public services csl
protect him from the most infamou
abuse and detraction, from personal in
suits, nor sometimes from real DANCE
arising from the insolent outrage Of fu
rious and disappointed monopolists."
4 Who does not recognize in this frs
picture that of Sherman2 Smith state
the cause OF his great reputation as |
6nancier, and why he ia now the ad
vance Presidential candidate. And wit
does not understand the reasons Of th,
detraction, ,ofthe personal defamation ant
insults hesped upon prominent Demo
| crats. such az Thurman and Tilden