Morning journal and courier., 1880-09-29
For State Senators. 14th District-HENRY HAMMOND. of KiIlingly.
HAZARD VERSUS THE TRuru.

For State Senators.
 14th District-HENRY HAMMOND of KiIlingly. 
 BAYARD VERSUS THE TRUTH. If Senator Bayard cannot do himself more credit and his party better service by his speeches than he has hitherto in. this cam conclusion that Wade Hampton did and Ire main silent" His speeches have been aston ishing ones, and have done much to lessen the respect felt for him by fair-minded men of both parties.
 In his speech at Tammany Hall he had the audacity to say: ''I have seen it charged that the Democratic party was hostile to the na- tional banks, but I am at loss to know the authority for this" Two days after this remarkable statement, which Senator Bayard would not have made had he not felt it ne- cessary to try to allay the fear that the elec- tion of Hancock would disturb the existing prosperous financial situation the New York Eoeaing Post kindly furnished him the au- thority for the charge that the Democratic party is hostile to the national banks. In a speech delivered in the United States Senate on the 7th of March, 1870, Senator Bayard himself said: 'I do not favor the national banking system. I would never have created it and desire to see it abolished as soon as possible, but not ruthlessly, not suddenly not unjustly. I consider that the national banks have had an advantage at the cost of the public at large undue and unfair that upon the currency alone we have given them they have been receiving as a free gift from the American people some $2O, ,OOO, 900 per annum since the day of their creation I think it is time this should cease" And that there has been no change in the attitude of the Democratic party toward the national banks since then is evident from the resolu- tions passed by Democratic conventions in 1878, 1879 and 1880. We give few speci- mems of these resolutions
 The Indiana Democratic State convention of 1880, which nominated the infiationist Landers for Governor, resolved that E'the paper money, like the coin, should be fur nished by the United States D
 The Democrats of Michigan, uniting in State convention with the Greenbackers in 1879, resolved that ''all money, whether pa- per metallic, shall be issued by the gen eral government and demanded that ''greenbacks shall be substituted in place of national bank bills."
 The Democratic State convention of Ohio in 1879 resolved that the issue of money in any form and the regulation thereof belong to the general government alone,' and de- manded ''the gradual substitution of treas ury notes for national bank currencyp The Democratic convention of Vermont in 1878 resolved as follows: 'sWe oppose the present national banking system and recom- mend the gradual substitution of greenbacks for national bank billsn
 The Tennessee Democrats in State conven. tion in 1878 demanded that 'sthe odious na- tional banking act be repealed, and green backs be substituted for the circulation of the national banks"
 The Pennsylvania Democrats in State con vention in 1878 resolved that Ca close con- nectlon of the federal government with the business interests of the people through the national banks tends to monopoly and cen tralization."
 The Democrats of Maine in 1880 united with the Greenback party, whose State con- vention declared ''that all currency, whether metallic or paper" should be issued 'sby the general government, and not by or through the banking corporations of the country.' But Senator Bayard has not only declared himself unable to perceive the hostility of his party to the national banks He has also dared to claim credit for the Democratic party for the success of resumption. The utter baselessness of this claim has been shown by very competent authority, Secre- tary Sherman, who pointed out in recent speech that every step in resumption was op- posed by the Democrats as a party First was the public credit act, a purely Republi- can measure, approved by Grant and opposed by every Democrat including Bayard. The next step was the act of July II, 1870, for re- funding the public debt. This was an essen tial to resumption, providing the way for the great reduction of interest on the public debt, and also the means for accumulating coin reserve. It was adopted by vote of nine tenths of the Republicans and opposed by nearly every Democrat. In 1874 the Repub- ican Senators prepared the resumption act, which was opposed by every Democrat on the Finance committee including Bayard. It was passed solely Republican measure and approved by Grant. Mir: Bayard offered an amendment to retire the entire issue of United States notes but with the distinct knowledge that the amendment if adopted would kill the bill. Resumption would have been impossible except for this bill Four years elapsed before the bill went into effect, and during that entire time it was assailed and opposed by the Democratic party. It was during this time, in June, 1876, that the Democratic party in its St. Louis platform denounced ''the financial imbeeility and inn morality of that party which, during eleven years of peace, has made no advance toward resumption, no preparation for resumption,'' and demanded the repeal of the resumption act. And that platform Mir. Bayard heartily endorsed. A Democratic House passed bill for the repeal of the act, and it was only saved by the frmness of the Republicans of the Senate.
 In view of Bayard's own record concerning national banks and resumption, and the noto- rious record of his party, it is surprising that he can stand up and make such assertions as those so completely refuted above. Is the great Senator 8 demagogue