The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1879-09-11
.AMPAIGN ISSUES.
,eech of Hon. John Sherman, at
Steubenville, Ohio.

especially TO De mere In ChlS goOd
# Jefferson, whose representatives
ce honored me with their vote when a
for the Senate of the United States.
lily come to speak on matters in which
,ell as the whole people of the United
I'VE common interest; and I will best
wishes by stating in a plain, frank
facts and reasons as appear to me to
ne support that you have uniformly
The Republican party since it's organi
1854, and to present adequate grounds
,rting it now.
parties present candidates to the peo-
lio for the highest offices of the State.
+ be necessary or just for me to ar
personal character, standing or SER
9ither of the candidates on either Of
cts. They are all respected citizens,
would, no doubt, if elected, satisfac-
form the duties Of the Office to which
mated.
IS INVOLVED AND PARTY POLICIES.
issues involved are far more import
he candidates. [ assure YOU that up
ection in Ohio depends questions of
icy which touch upon the framework
vernment and affect the interests of
zen of the United States. The same
ions about which we disputed before
nd since the war, areas clearly in
this campaign as they were when
as elected, or when Grant was fight
tiles of his country in the Wilderness.
re financial questions involved in this
The Republican party proposed,
d and executed the Resumption act as
emedy for the evils that followed the
1873. Under that act it has brought
resumption of specie payments. By
all forms OF money are equal to and
lie In coin. 1t has reduced the interest
public debt that is redeemable. It
aimed and advanced the public credit.
3lares it's purpose to hold fast to what
ne, to keep and maintain every dollar
money in circulation as of equal value
1st coin issued from the mint, and as
)ssible to complete the work of reduc
ltorest on all the public debt to 4 per
1ss.
eenback party not only denounces all
lone, but proposes to reverse it by the
VI almost unlimited amount of ire
paper money, to destroy the system
atiOnal banks, and to call in and paw
le United States bonds with irredeem-
ey.
emocratic party of Ohio, both in it's
and by its candidates, supports, more
Il Of these dogmas but it does so not
tier of principle, but for political
Its main object is, by any sort of ALI
ny real or pretended popular issue, to
myth enough to unite with the solid
that it may restore to power, in alI
9nts of the National Government, the
ne doctrines that led to the civil war,
very men who waged it against the
To obtain political power, the Democ-
(, by party discipline. to compel their
to abandon the old and cherished
8 of the party of having a sound cur
leemabIe in coin. For this. they over
ov. Bishop; for this, they propose to
II their wild and visionary schemes of
that have been twice rejected by the
Ohio. Our contest with them is not
financial questions, but upon the old
ad question of the power and duty of
Dnal Government to enforce the co1sti-
nd laws of the United States in every
I'd Territory, whether in favor of or
any citizen of the United States.
, first take W these financial questions,
charity and kindness, and with due
70 to opposing opinions, endeavor to
le right, if we can.
reat body of all parties are interested in
r0us of promoting the public good. If
lid only hear both sides fairly stated.
'uld be less heat and bitterness in politi-
sta, and more Independent voting.
ON FINANCIAL QUESTIONS.
the first difference between parties in
1 matters that it is necessary to notice
use of the recent period Of bard times
'hich our country has suffered; and the
was the Resumption act q wise and
'emedy? Our Greenback friends claim
Republican party contracted the cur
md, In this way, is responsible for the
les The answer to this is, that there
1 no contraction of the currency since
al that the amount Of paper money
ling on the Both Of June, 1873. was
than it was on the Both OF June.
t the close of the war. The amount
3Oth Of June, 1878, was s749, $40, SOB. "a,
the 30th of June, 1865, it was $147, :
Is, white on the Both OF June, 1874 (after
icy, it was $7Sl, q4S, 0Sl.17. So that
unit outstanding when the panic came
eater than ever before, and was in
within the first two months after the
S26, 600, 900. Our Greenback friends
by saying that, on the Both of June,
ere were ST., 100,000,000 of compound
notes and three-year treasury notes.
'ere legal tender for their face value,
'refOre, were currency; but these notes
more currency than the bonds which
ued to take them up They were debt
most burdensome form, although the
u OF them was nominally legal tender.
1ere, IN fact, worth more than legal
aud were never used as circulating me-
They were debts due by the United
payable in three years, and were re-
during 1858
Wilkins Micawber is the first person OF
have read who considered his note as
money. He ran in debt to young Cop
occasionally, and when the debt had
, a considerable sum the interest was
y counted up, and Mr.. Micawber gave
leld his note and thanked God that the
) paid off, and his conscience was re-
He looked upon his note as current
n the same way that our Greenback
look upon the 730 notes as current
But in both cases they were debts to
and not money
lion NOT THE CAUSE OF HARD TIMES.
! if contraction of the currency is the
the hard times, why did the hard times
, all Europe and to the whole civilized
1t is clearly shown that the panic of
ended in its widening folds so as to en-
i the commercial nations of Europe,
ould not be affected by the volume of
or money, but still were affected by the
distress under which we suffered. The
cans believe that tho volume of our
Y, being irredeemable and variable in
5as one cause which produced the panic
and that other causes, such as the
II great wars, overproduction, wild
zion, unproductive enterprises. inflated
a reckless, gambling spirit, which at
GEMS to seize upon nations and indi-
concurred to produce the great panic
and that the chief of these was an ir-
able paper money which varied in value
ay to day. At the very time this panic
\ Al 49,