The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-09-18
EWING AT GALLfPoLIs.
Speech In Reply to Secretaries Sherman and
6ohur1.

6eueIhl EWING spoke ~ dhlllpOllB on september |
Hfth. The following is synopsis of his remarks
Mr.. schurz, who is relied on every year by the |
Ohio Republicans to shoe Democrats into Repub- |
ican ranks by shouting "Inhauoni !" repeats with |
some variation his speciOus and extravagant |
spec ch Of last year. BE makes frantic effort to
prove that the success Of Ohio Democracy means |
abandonment Of resumption and return to paper |
money not limited by redeemablity in coin, and, |
therefore, unlimited in volume; and he thereup |
on proceeded to nght us on the ground on which |
he places us instead Of that which In fact we oc.
cupy Our platform says not word against re-
sumption; not aword for irredeemable currency
not word for any increase Of the currency, ex
cept that which will come from the unlimited |
co mage Of the old silver dollar and the issue OF
certificates for silver bullion.
The twin Secretaries make merry over my |
speeches in 1876 and 1877 against resumption in |
which declared that 1t was impracticable, and |
would result in "a general massacre of business"
can read those speeches now without being at |
all aBhan ed OF the matter or the manner Of them
They were spoken from conviction In view of the |
law and the situation as then existing, and in no
spirit OF extraVagance or part2anship. Judging |
the law as II sl0Od my criticisms were sound |
But subsequent legislation greatly changed the |
scheme Of resumption. As IL originally stood, ID |
provided for the total destruction of the green
back currency. SO Mr.. sherman admitted on the |
day he introduced the bill in the Senate SO Mr.. |
Bristow declared in his report for 1879, saying |
that " the faith Of the Government now stands |
pledged to the final redemption and removal |
from the currency of the country of The legal ten
der notes as fast as they shall be presented Tor re
demphOn." SO Mr. Morrill, declared in his re-
port for 1876, In which he says that by the re- |
sumption law Congress declared in effecta none |
tary system composed of coin and National Bank
notes redeemable In coin" the scheme, too, not
only involved the destruction of all the green |
backs, but also contemplated redemption in gold |
alone, silver having been stealthiy demonelized |
in advance by the resumption law.
THE PANIC OF 1878.
Mr.. Sherman attempts to make me appear RI |
dcnlous by asserting that l attributed the panic
OF 1878 to the resumption act OF 1875. That is not
perversion Of anything ever said, but merely a |
pure invention. have always attributed the |
panic of 1873 in chief part to the contraction Of
the currency which went on steadily after 1866, |
causing an expansion of credits to take the place |
Of diminishing currency, which credits collapsed |
In the panic.
But Mr.. Sherman says "the amount of paper
outstanding on the SOth OF June, 1873, was more
than 1t was on the 3Oth of June, 1865 the amount
on the 9Oth Of June 1873, was S749 44O 900 and on
the S0th Of June 1865, was but S747, ,233 O0O' IAN
swer this assertion by quoting from his own re-
port, issued from the Treasury Department on the
LIST of July last giving the total amount Of cur
rency outstanding" at various dates, as follows:
June ~ S983 '8l8V0
June 80, loIS"."""......""...." 75O,O62OOO
Total contraction. 256 900
showing'a difference between Mr. sherman's
Ooau Nha1 ~ T,,lyv l.
statement as a stump orator on the Goth of August
of over S233, 100000.
But there are two kinds Of contraction, both
equally effective in shrinking values; one is by
actual reduction OF the currency, the other by
tie growth # business, the currency remaining
stationary. The demand Of business for currency
may be assumed to increase approximately in
proportion to the increase of population. The &C.
tuRl currency OF 1865 according to the Treasury
statement Of Mr.. Sherman, was S2S per capita,
while the actual currency Of 1873 by the same
statement was but 785 per CAPITA being re.
duCtlOn of over one third.
The two parties are squarely at issue on this
question. MI. Sherman and Mr.. Shurz both take
ground In favor of stopping the coinage OF the sill
yer dollar, when the amount under existing laws
shall reach sum supposed TO be the largest which
will float par with gold or, on the other hand.
adopting q new and more valuable silver dollar
for the benefit Of the creditor class. Either Of
these methods involves the perpetuatiOn Of the
wrong inflicted upon the people by the secret and
fraudulent act of decentralization. thank these
gentlemen for their irankness on this great ques
tion, and call upon the people OF Ohio to decide
by their votes whether our great American money
product shall be put on an even par with gold,
and whether they will have the old dollar Of the
fathers or the new dollar Of the shylocks.
TROOPS AT THE POLLS.
Neither Mr.. schurZnor Mr.. Sherman has word
to say justifylng the use Of troops at the polls for
which they and the administration fought 80 Wig
orously. They know that It is power that is an
alien and foe to our Republican system Of Gov
eminent, and that the determinatiofOf the ad-
ministration to retain that power will meet the
disapprobation OF the people.
But Mr.. schurz attempts to ridicule the stern
demands of the Democracy to have that odious
power wiped from our statute books. He rays
Does any sane man think this administration
capable of sending the Federal soldiers to the
ballot bax to overawe the freedom Of the elect
ors2 The President withdrew the
Federal soldiers from the legislative halls Of the
Southern States"
Yes, sir, that was when the President was play Il
ing the role Of conservative; that was when he
had just been put into power by trick and dick
er arrangement, got up by Mr.. Foster; that was
when both Of them were crying out againsL Fed
era interference with State Legislatures and State
elections and were anxious for 1.-The flag to fly
over States not provinces" But a change has
come over the spirit of their dreams. Mr. Foster
taken up all the low fellows in the Southern States
whom he trampled down Ia getting top wer, and
given them bigh stations and good salaries. He
ls stalwart now; has made up with all he Of.
Tended by Withdrawing the Federal soldiers
and is as lion. mettled az Zach Chandler. But
whether he would or would not abuse the power
as Giant did is not the question. The question is
whether any Pr sidenl can constituIlOnally be
keep the peace ut the polls, or TO, In any way, in
termeddle with State elections,