The weekly clarion., 1881-09-22
FACTS FROM THE RECORD.
eREENBAckERs AsD DENocRATs.

could be more unnatural and illogical
than their affiliation with the Republi-
can party, and nothing would be more
natural and consistent with their pro-
fessions than their cooperation with the
Democratic party. If any one will
read the addresses Of Messrs. Blaine,
Sherman, Conkling and other Republi-
can leaders in the late canvasses, he will
see that the Democrats in Congress were
arraigned and fercely sssailed for op-
posing the financial policy which the
Greenbackers assert has created ne
cessity for their organization. We have
abundant evidence of this sort The
National Journal, the leading organ of
the Greenbackers, has triumphantly
vindicated the Democratic party and
shown that its course has been such as
to commend itself TO the approval of
every financial reformer, while the Re
publican party with which it is proposed
the Greenbackers shall coalesce, has
antagonized it in every measure of
financial reform.
But we will let the National Journal
speak for itself. In doing 50, it speaks
from the record:
The Republican party since the war have
been waging perpetual warfare against the
Greenbqcks and against the siLrer dollar. They
have converted the currency 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 legislated to
prevent specie payments, by increasing the
demand for gold and decreasing the demand
for greenbacks, and to perpetuate the public
debt instead of paying it.
On the other hand, the Democratic party
and the Greenback party hare rem0netized sit-
re,, taroyed its unlimited coinage stoPped the
destruction Of greenJaeks, arrested the tide Of
bankrpptcy put an end to hard times, and thus
performed s0ge raiuable services an the loay Of
fnancidi reform.
Again, on the refunding bill the Demo.
Gratis in the House almost unanimously
voted for a 3 per cens. short time bond and
/ Treasury notes, and for using the coin in the
/ Treasury all but fifty millions for cancelling
bonds; Republicans demands 3! per cent.
bond 10 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 received one Republican vote,
while over 100 Democrats, and all of the
f.! Greenbackers voted for it. On the test vote
between GxiHg 3 and 8! per cent. as the
rate of interest, there we're l49 for the for
mer and 104 for the latter rate. OF the
140, 13l were Democrats, 10 Greenbackers
and 8 Republicans. OF the 104, 81 were
Republicans 4qd Democrats.
f. On Mr. Carlisles amendment compelling
( tha banks to use new bonds as a basis foI
obtaining bank notes, the vote was l37 tc
| 49, The 1877 were Damocratic and Green
b ick votes, while 1l9 we're Republican,
The Democrats de body, too, stood with
Mr.. Carlisle for the 3 per Gent, rate, while
the Republicans lis generally insisted on
! 81 per cent.
/ Without a division the Democrats of the
| House agreed Oh a five-ten boud and refused
to allow tie GGst of refunding to exceed a
quarter of per cent; While the Republi-
cans demanded fve-tw twenty bond and the !
of one per cent. tor reiunding. In fact the
Republicans want a 20-4O bond and to have
them so fixed that they cannot be paid at
all They want perpetuals bonded debt
made il which to inyast banking capital as
basis for the issue Of bauk RQtes.
So much for the testimony of the
leading Greenbaek organ.
We may add that Ii has been the
favorite policy of the Republican party
to reduce the currency and make it
scarce and dear for the benefit of the
mopied aristeor9cy and privileged class
es. The Democrats, With some excep-
tions, have opposed this rqiRous Po!4y.
For example, by their votes in Congress,
Democratic Senators and Representa-
tigas with some exceptions) voted
against the Resumption Act fixing an
arbitrary and specific time for reducing
greenbaeks to a gold basis. : few
examples from the Congressional Record
will suffice
February I, 1876: Mr.. Kasson, Repre-.
sentativesnoved to suspend the rules and
pass resolutions denying the power of the
Qgyernment to issue legal tender paper
money, sd that all legislation touching the
Ieea! tender currency should keep steadily
in view the resumption % eEeeie payment.
There were against this l46 votesi AZ were
Democrats, aud only ten Republicans.
February i5 1876: Mr.. Hale, of Maine,
Republican, introduced resolution THAT
prompt measures should ne ttteken, by such
legislation III is needed, to render eaeEtlve
the policy OF q resumption Of specie pay
ments, by placing iB fte HANDS Of the Sec
feIafy Oh tue Ntt hCHS~7SFSss FNttS. +
to carry out said object" One ehundred and
thirty nine voted against : of this number
there we're l26 Democrats and IL Republi-
cans
July 10th, 1876; Ar. Holman, Democrat,
introduced a bill 10 repeal 50 muep IT the
resumption act of January II, 1876, as
by the Secretary of the Treas
ury to redeem legal tsaaafs in gold; yeas
los, nays 96. OF the yeas there we're III
Republicans and SO Democrats. 1t was dis /
agreed to, two-thirds being necessary to a
suspension of the rules.
And so to the end of the chapter.
The Greenbackers claim TO be firm
friends of the silver dollar 1t should |
be remembered that when the fight was
made in the Forty Fourth Congress,
mainly to remonetize silver and to pre-
vent further contraction of the currency,
the Democrats from !he South and
Nor Invest with very few exceptions,
were unit for this purpose.
November 9Th, 1877: Mr.. Bland intro
dueed in the House bill to remonetize sil- |
yer without restriction, :he same tobe based
unon the same terms as gold. Passed: yeas
\