Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-08-28


of all the mischief and loss inseparable
from heavy premium on gold 1t would,
however. open the door TO the swindling of
the public creditors by paying them at the
rate of IS cents 70 the dollar, and thus the
copperhead malignity which underlies all
these efforts would be gratifed And since
this silver law is really the most menacing
one before the country, and since it must
inevitably bring about the disaster we have
mentioned if it is allowed to remain in
operation, Republicans, as the natural con-
servers of the public honor and the stabil-
ity of the currency, ought to realize clearly
the impossibility of uniting sympathy
for heretical finance with loyalty to the
central and most vital doctrines of their
party.
For whereas the Democrats have for
twenty years been endeavoring to prevent
the success of those financial measures by
which it was sought to restore the cur
rency to par and tighten the burden of the
public debt by refunding it, the Repusii
can party has during all that period been
responsible for the protection and support
of this honest and progressive policy. Its
financial course was necessarily part, and
no small part, of its war record. Its reso-
Lutte loyalty won to It's side not only the
daring men whose right arms struck for the
Union in the field, but the substantial
men whose accommodations were needed
to feed and move and arm and pay the
.sboys in blue" To secure the confidence
of these Indispensable auxiliaries the
party pledged the faith of the country to
the loyal fulfllment of every contract then
made. In the same way the Republican
party was compelled to take upon itself
the rehabilitation of the currency. 1t has
not always followed its highest counsels
unfinchingly. 1t has not seldom allowed
itself to be deceived by specious impostors
into assuming untenable positions. But
notwithstanding all it's errors and all It's
weaknesses it has ever been and is yet the
one party which stands between the people
and their worst enemies-those deadly
foes who seek the ruin of nation through
the overthrow of its credit, the degra-
dation of its currency, and the shame
full Republication of its most sacred engage
ments To say that any man can at once
hold the doctrines of Republican and OF
a Greenbacker, is to assert contradiction
in terms. Ignorant men who neither CON-
prehend what Republican principles imply
nor what Greenbacker propositions in
volve, may imagine the possibility Of such
an union, but it is manifestly out of the
question so far as concerns any conscious
acceptation of the two policies. The plain
truth is that Greenbackism is disguised
Democracy, and it is nothing else. 1t is
based upon, and it involves, hatred and hos
tility to the whole scheme OF Republican
polity. It presupposes sympathy with the
disunionists. 1t requires that antipathy
to the bondholder, which is only natural IL
those who resented the success of the wal
against the rebellion. Its plans for debauch
ing and degrading the currency, fol
causing resumption to break down, fol
stopping the refunding process, are such as
would commend themselves only to men
whocarednotbing forth honor of thenation,
who would rather than not see the public
credit trampled in the mire, who, in short,
had special reasons for desiring the de-
feat and confusion of every financial
measure devised and supported by the
Republican party in the interest and fol
the advantage of triumphant Union. The
Republican party is necessarily, from its
origin and responsibilities, the custodian
of the national interests and the national
honor in regard to the currency and
the debt. The Democracy is naturally and
necessarily the opponent OF everywholesomt
financial policy, and the advocate of every
wildcat, nischievous scheme, tending TO-
ward imitation, depreciation, and repudia
ton The Greenbackers are new variety
OF the genus Democrat, and they have nc
affinity with Republicanism. Whoever
pretends to the contrary is self-deceived,
or intent on deceiving others.