Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1879-12-18
Depreciation Of Greenbacks u,
senator Bayard.

l
senator Bayard.
For the Republican.
MEssRs. EDIToRs In continuance O
the above subject, the resolutions O.
Senator Bayard to "annul the legal
tender value Of greenbacks." What
is the object Of such a thing at this
time, what is to be gained by IL, who
Ia to be benefited by such action are
the questions now running through
the minds of all thinking men.
The object from our standpoint
seems to bs the advancement Of the in
terests Of the democratic party, with
the attainment Of personal ends in
view. The Senator Is named very
thoroughly in his party for the presi-
dental nomination; and as the party
Is divided on the financial question, the
Hon. Senator intends to lead one COL
umn in hopes of bringing his party out
as the gold and silver party, or other
wise the hard money party.
He sees the Republican party as a
party has carried the Northern States
the past fall on the hard money plat
form, and he knows this question is the
growing one, hence he intends to throw
down the glove on the issue, and force
the Republicans to take the protection
Of the Green backs under their wings,
and thus endeayor TO make it appear
they are opposed TO coin money. He
appears to think that the votes of the
North have spoken against the legal
tender notes, aud will try and make it
appear so, thinking thus to throw the
odium of Greenbacks In their deprecia-
ted condition CATER the passage Of his
rssoution) upon the Republicans. Now
the facts are patent to every intelligent
man, that the Greenback party desired
to initiate the currency by greater is
sue of notes; this the Republicans OPP
posed apd carried. The present num-
Der ot gr-enbacks amount to about
$3.50, 900 600 F; the Republican party is
sued them in times of necessity, which
II axes all the law that is needed; they
lbs ued them and are morally bound and
IN honor must maintain those now in
existence but refuse to make any more,
Ii Senator Bayard's resolution passes
the Democratic party can and will turn
upon the Republican party, and with
great soorn point their fingers at the
party for their maintenance
Of the legal tender principle OF notes.
This is the political subterfuge that is
N embryo. 1t is to ilimsy to be of value,
and the mover of the resolutions will
be consigned to lower place than the
me he aspires to-, by being defeated in
lis object. No one can be benefited
" such law except brokers and shay
RS Of Deprecated currency, but the mil
ions Of toilers who produce the wealth
# the nation will be sufferers by it at
very step. We call upon the constit-
tents Of Senator Bayard direct, to
watch his course of action.
If the Hon. Senator desires to with
lraw from circulation the legal tender
notes, there is but two ways to do it,
/. e.)a right and wrong way. He is
moving in the wrong way, for the rea-
on that the people must suffer by it to
he amount they hold in person. The
light way to act If it is necessary at sill
which we doubt,) would be to set a
ay apart, say Jan. lst, 1881, after
7hich date, they will cease to be legal
snders. This plan was adopted by
congress in calling in the bonds, and
o one was injured by it.
II Office hunting was less in the minds
( office holders and they would pay
lore attention and regard to the inter-
sts and welfare of their constituents,
he country wonld be far better off,
nd the people more prosperous.
e. G.