The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1881-03-31
.rhs Democrats ana axssnoasI p.lr

: ural and illogical than their afiliafio
with the Republican party, and nothin
. would be more natural and consisten
with their professions than their coop
Grafton with the Democratic party.
any one will read the addresses ofMessrs
Blaine, Sherman, Conkling and othe
Republican leaders in the late canvass
he will see that the Democrats in Con
gress were arraigned and iercely assail
ed for opposing the financial polio,
which the Greenbackers assert has crea
ted necessity for their organization
( We have abundant evidence of this sor
at hand, but do not deem it necessary
to introduce it here. But We do propose
to cite authority in proof of the state
ment with which we set out as to the
proper alliance of Greenbackers with
Democrats, which the Greenbackers are
bound to accept. 1t was stupidity stated
by the New York World, which is said
to be owned and controlled by Jay
Gould, BENEFICIARY of the class legisla
ton of the Republican party, that 1.-The
Democratic majority in the House OF
Representative during its six years of
power has done nothing for financial
reform, tariff reform or civil-service re-
form" The National Journal, the
leading organ of the Greenbackers, in
its issue of February 18th, triumphant
ly indicated the Democratic party from
this false accusation and showed that
its course had been such as to commend
itself to the approval of every financial
reformer, while the Republican party
with which itisproposed the Greenback-
ers shall coalesce, has antagonized it in
every measure of financial reform.
But we will let the National journal
speak for itself In doing so, it speaks
from the record:
The trouble with the World editor is he
looks out of Republican and not Democratic
eyes, when he contemplates financial legis-
lation. The Republican party since the war
have been waging a perpetual warfare
against the Greenbacks and against the sill
yer dollar. They have converted the cur
rency obligation of the government into coin
bonds, and have made all bonds payable in
gold, at that, in fact all their legislation has
been in the interest of money lenders and
against that of the people. They have leg
islated to prevent specie payments, by in
creasing the demand for gold and decreas-
ing the demand for greenbacks, and to per-
petuate the public debt instead of paying it.
On the other hand, the Democratic party
and the GreenbGck party hare remonetised sal
rer, .faUored its unlimited coinage, stopped the
destruction Of greenbacks, arrested the tide Of
bankruptcy, put an end to hard times, and thus
performed some vdLuabke services an the acdy Of
financial reform.
Again, on the refunding bill now being
discussed in Congress, the Democrats in the
House almost unanimously voted for 3 per
cent. short time bond and Treasury notes,
and for using the coin in the Treasury all
but fifty millions for cancelling bonds;
Republicans demands a IL per cent. bocd
to run for a longer time, and they opposed
the use of the idle coin to pay the bonds and
stop the interest The bill, to use the coin
in the Treasury to cancel bonds, only re-
ceived one Republican vote, while over 100
Democrats, and all of the Greenbackers
voted for it. On the test vote between fix
ing and 81 per cent. as the rate of interest,
there were 149 for the former and 104 for
the latter rate. OF the 40, 131 were Demo
Gratis, 10 Greenbackers and Republicans.
Of che l04, 81 were Republicans and Demo
rats.
On Mr.. Carlisle's amendment compelling
he banks to use new bonds as a basis for
obtaining bank notes, the vote was 1877 to
10. The 1877 were Democrat and Green~
,ack votes, while 119 were Republican. The
Democrats as body, too, stood with Mr.. /
Carlisle for the per cent. rate, while the
republicans as generally insisted on 81 per
,ent.
Without division the Democrats of the
House agreed on a fve-ten bond and refused
% all-w the cost of refunding to exceed
quarter of per cent. while the Republicans
demanded fve-twenty bond and the of
me per cent. for refunding In fact the Re-
,ublicans want 20-40 bond and to have
hem so fixed that they cannot be paid at
Ill. They want a perpetual bonded debt
made in which to invest banking capital as
basis for the issue of bank notes.
The bill as finally arranged and sent to
he Senate passed by vote of 135 to 125,
md all but eight of the Affirmative votes
we're given by Democrats. Of the 125 neg
tive votes the Republicans contributed lG8,
he Greenbackers 1O, and the Democrats only
TO SUM UP:
he Democratic and Greenback parties
silver and brought the Gov
rnment back to the honest money of
he Constitution.
They prevented the further contrac-
ion of the currency by prohibiting the
Republican schemers to destroy Green
'acks.
They voted together in favor of using
he idle surplus money in the treasury for
anceliiGg the redeemable bonds and by
his means saving millions Of dollars an
ually to the taxpayers.
They voted together against perpet-
ating the public debt which is public
urse, and for paying it as speedily as
ne revenues of the government would
low, instead of continuing it as a per-
lament untaxed investment for the ben
fit of capitalists
They voted together for low rate of
lterest so as to make the burden fall as
ghtiy as possible upon labor.
They voted together to compel the
RATIONAL Banks to deposit the new loE
interest bonds as a basis for their circu- J