The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1879-07-24
what are the Ftnanciai Issues,

~ - - 01O IL . A3AnCA4A 10o WOos
The Cincinnati Enquirer thus briefly
and clearly states the financial Issues
Involved in the contest between the
two great parties in the contest this
fall:
The party that lied about
the attitude of the Democracy toward
the schools in 1875 is busy to-day in
explaining in similar manner the at
titude of the Democracy toward the
currency question. 1t is as truthful
now as then. Whatever it may say,
the financial issues are two: F.rst, the
complete restoration of the dollar of
the fathers, the old silver dollar of
412H grains, to the position it held
prior to the vicious characterization of
silver. second. the gradual substitu-
tion OF the money of the United States
for the money of corporations, the
greenbacks for the National Bank
notes. The Democratic party is iE
favor of the eabove-named propositions.
Who are opposed? ? James Gilfillan,
Treasurer of the United States, report
ed that on the lst day OF this month
John Sherman was a depositor in q
few National Banks to the amount Of
$2Ol, ,4O2, ,860,97. John Sherman's Gov
ernment is thus made a good custo-
mer of the National Bsnks, and some
people, it is easy to see, are opposed
to the gradual retirement of the Ma
tional Banking system. The system
isva cunningly devised mechanism for
organizing corporations for the pur-
pose Of IOaning debts, for the Issuing
of debts as money, the corporations to
receive an annual premium for doing
this. This contriYance was q war
measure, and the most extreme and
inequitable, probably, of all the finan-
cial war measures. 1t is proposed to
perpetuate, it in peace till through It
the Money Power has complete poe.
session OF the country. Already it is
said that this power is so great that II
is unwise to attempt to gradually re.
duce it. II not now, when can we
Fl never, whatnrules tho ecountry-men
or National Banker The most pow
erful and the most pernicious monop-
oily on earth is the power to make
money. This includes all other mo-
nopOlies, for it creates the machinery
with which all other monopolies and
all forms of business are conducted.
The people are opposed to placing In
keeping this power in the hands of q
few corporations or individuals,
There are people opposed to the
compile remonitizatio On OF silver. There
are outstanding United States bonds
to the amount of about two thousand
millions of dollars. Each dollar of
these obligations was made by the
specific terms of the contract payable
in silver on the basis of the dollar of
4l2I graina The holders of the bonds
want gold. The local, also public, in
debtedness of the country is more than
81 ,OOO, 100000. The holders of the
obligations want gold. The Money
of the standard silver dollar because
such coinage will mako possible the
payment of the bonds according to ex-
press contract. The coinage of these
dollars Of the fathers adds slowly but
surely to the "hard. money" circula-
ton of the country, and this is oppos-
ed by the friends of dear money. The
Democrats of Ohio are willing to 20
before the voters of the State asking
for the entire reconciliation of silver
and claiming that the right to mako
money properly inheres in the Gev.
ernment alone. And these are the f.
nancial issues. 6
SENENEEEN Cinnamon, diseased with
leprosy, were shipped back to Hong
Kong recently from San Francisco.
Now the San Francisco Call says that
five more have been discovered, and
wishes to know whether some of the