The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-06
EWING'S EMPIRICISM.
Speech Of the Democratic Champion Of
Ohio, at GallipOlis.
Hs Replies TO The erwin Secretaries" who
Have Been TranslatlnV He
Lancaster Speech,
But Doesn't Say Anything About "ldls Mills
and Unemployed WOrkmen.

1ALLlPOLIb1 september p.-Sen' EWIu
addressed q large Democratic meeting q
this place tonight. On being introduce,
he spoke as follows:
FRLLow.ctTIzESs:-Abo ten days ag
two OF the heads OF Departments at Wash
ington illustrated Civil Service reform b,
I taking the stump in Ohio for the admins
tration candidate for Governor. The
took my Lancaster speech as q text, ant
discussed such parts OF II as they eoult
most plausibly answer, and lodged thu
rest. In the pauses between other ant
previous engagements In the campaign
have examined their speeches, and nov
reply to them.
DEMOCRACY NOT COMMITTED AGAINST MAIN
TANNING RESUMPTION.
Mr.. Schurz, who Is relied on every yea
by the Ohio Republicans to shoe Demo
Gratis into the Republican ranks by shout
ing "Inaation!" repeats with some varia
ton his speCi0us and extrayagant speech
Of last year. He makes a frantic effort K
prove that the success OF the Ohio Democ
racy means abandonment OF resumption
and return 10 paper money not limited b.
redeemabllity In coin, and, therefore, un
limited in volume; and he thereupon pro
ceeded to fight US on the ground on which
he places us, instead OF on that which IL
fact We occupy. Our platform says not 8
word against resumption; not word fol
irredeemable currency not word for any
increase ot the currency, except that which
will come from the unlimited coinage o.
the old silver dollar and the issue OF certiti
Gates for silver bullion.
But Mr.. SchurZ says, though return Il
an irredeemable currency is not expressly
declared for in the Democratic platform
it is necessarily involved in the PROPOSE
ton to substitute legal.tender notes fol
National Bank notes. He reasons thus:
The United States now has the burden oi
redeeming only the greenbacks In coin
the National Banks having TO look after
redemption OF their own paper. II we
substitute Treasury notes for bank notes
we shall thus double the burden OF re.
sumption on the United States. That in.
wolves doubling the coin held for redemp.
tion purposes. But that the coin reserve
can not be doubled, because the coin can't
be got; nor can 1t even be increased with.
out increasing the public debt; and the
Ohio Democracy declare against any in.
crease Of that debt. Hence, the substitu.
tion Of Treasury notes. for bank notes nee.
essarily involves the abandonment OF re.
sumption and return to an irredeemabIe
paper currency.
This reasoning is the warp and wool Of
the fabric Of Mr.. Schurz's speech. 1t is
utterly fallacious, and betrays an aston.
ishing Ignorance either OF the laws affect.
ing resumption, or OF the intelligence oi
the people songh1 to be influenced by his
false and dazzling rhetoric. Listen, now
my tellow-citizens, to this provision OF the
act OF Congress Of June 20, 1874, now in
force:
"When hecirculating notes
OF any such National Banking7 Associa.
ton, assorted or unassorted, shall be pre-.
sented for redemption in sums OF 81 900,
or any multiple thereof, to the Treasurer
OF the United States, the same shall be re.
deemed in United States notes"
This is all the redemption there is, in
fact, oi National bank notes, because each
bank Is only bound to redeem its own
notes, and no man can collect out of the
general circulation any considerable mum.
Der OF the notes OF the bank in his imme-
diate locality. Hence, the United States,
in effect, alone redeems the bank notes,
and the same officer who redeems green.
backs in coin redeems bank notes in
Rreenbacks. Now, suppose you want
s., 600 in gold; you can only get II by pre-.
senting to the Treasurer or Sub Treasurer
Of the United 81 600 in gteenbacks or in
National Bank notes. It makes no differ.
ence which you present. Suppose, II you
present bank notes and demand coin, the
Treasurer should say: clam not bound tc
pay you in coin." Your answer will
be: 'Then pay me In greenbacks 8. u
And when he hands you the greenbacks
you will hand them back and say: "NoW
pay me in coin" Does not the United
States, therefore, in fact and effect redeem
equally greenbacks and bank notes in
coin? Is not the burden OF furnishing the
coin for the entire paper circulation wholly
on the United States? Would that burden
be increased dollar by substituting
greenbaCks for bank notes? There is nc
school boy in Ohio who, on reading that
law, would not see that both Mr.. Schur1
and Mr.. Sherman are ialsifying the facts
when they assert that the substitution o.
Illegal tenders for bank notes either in,
creasea the burden OF resumption or i'm
pairs It's stability. Yet on this shallow in
vention Is built almost the whole structure
lot their arguments on the money question
against the position Of the Ohio Demo
cracy.
THE RESUMPTION sCHEME MADE LESS DIsAs
TRoUs AND INPRAcTIcABLE BY DEMOCRATIC
LRGIsIATIoN.
The twin Secretaries make merry owe
my speeches in 1875 and 1877 against re
sumption, in which'I declared that 1t wa
impraCticable, and would result in "a gen
eral massacre OF business" / can real
those speeches now without being at al
ashamed OF the matter or the manner o
them. They were spoken from conviction
in view Of the law and the situation theI
existing, and in no spirit Of extravaganza
or partlsanship. Judging the law as
stood, my criticisms were sound. Blu
subsequ legislation greatly changed tn
scheme Of resumption. AS it original,
stood, 1t provided for the total destruC
ton Of the greenback currency. So MI
Sherman admitted on the day he intro
duced the bill in the Senate. 80 Mr.. Bris
tow declared In his report for 1876, sayinl
that ethe faith Of the Government nov
stands pledged to the final redemption an
, removal from the currency OF the countr
Of the legal:tender notes as fast as the
shall be presented for redemption" s.
, Mr.. Morrill, declared in his report for 1876
! in which he says that "by the Resumr
ton law Congress declared In effect q NOR
etary system composed Of coin, and NJ
tional Bank notes redeemable In coin.
The scheme, too, not only involved th
: destruction Of all the greenbacks, but ais
' contemplated redemption in gold alone
J. silver having been stealthily demonetize
q in advance Of the Resumption Law.
4 This was the programme OF resumptio
:, when l discussed It In the speeches no
i criticised and ridiculed by these gentl
!. men. But since then, and as q result
q the agitation against the scheme by Ii
a Western and Southern Democracy, on
spite Of oil the opposition Of Sherman
schurz & Co., the destruction Of the greel