The Russellville Democrat., 1882-03-09

gress are groundless. When the dem ocratic house came into power little or nothing Lad been done towards paying the public debt. Such rank corrup- ton had grown up in the public sery- ice as the world had never seen before. l The government was running riot with extravagant and profiigate Legislation. Great men were constantly falling all around us in the cespools of corruption and to steal was considered sharp and to certain degree honorable. We might with pride and admiration dwell on the glorious and countless achieve ments of that democratic house, but what the democrats in fact did is glow 1 ing on the walls. It stamped it's i'm press upon the phasis of time, and fixed its eternal fiat to the great reforms it inaugurated while in power that even when dethroned it's "spirlt goes march, ing on."
 The democrats did their duty In the famous extra session. It was their du- ! liberties of the people, and prevent the | interference of troops at the polls, if the president vetoed these laws they were not responsible.
 We deny that the party was then, or has ever been hopelessly divided or di- vided to any material extent on bonds, banks and tariffs. It i~ true that there is some division among eastern demo- crats on tariffs.
 Yes, we have forgotten how demo- crats and republicans adjourned for purpose of defeating the introduction of bills and resolutions by greeuback- CTS. It seems to us that the large ma l jorities of these two combined parties over the greenbackers is a refutation to that. Do not say that it never occur red, but certainly did not occur often. With their majorities what would be the necessity of such a resort.
 1 The party is not responsible for the excentricities or extravagant declara- tions of any one member of its follow CTS. The country knows that MT. Han cock did not express the views of the democratic masses or the policy of the party on the tariff. Neither did Mir. Lamar vote with his party on the silver bill, and he was severely censured by a democratic constituency for it. No one, or half dozen men can shape the policy of the democratic party. No man is so badly misrepIesentcd as MT. Tilden, congressman do not like him ] because he does not humble to them, or pause at the shrine of their lordship. The greatest reformer of the age, he is the dread and terror of the republican party.
 The republican party stood in such fear of his renomination for the presi- dency that as soon as they had compile ted the scheme of defrauding him of the presidency to which the people elected him in 1876, that they bought up such of the influential of the demo- cratic press as was subject to sale, to persecutc and maligne him. No truer patriot ever lived than he.
 1 Mr. Thurman is great man and q epresentatiye man, but not a leader. i We do not concur with MT. Bayard and Randall in everything, they are great statesmen, and think you misunder- stand all these gentlemen.
 While we admit the truth of much you have said, you failed to clearly de- ! fine your position, and have left many ! things to doubt and surmise.
 You would "abolish the bonds by paying them on, but you never inti- mated how, or the method you would adopt to that end. Can you improve on the method of the democrats. The length of our reioinder will not per init us to do more than notice your pro- posed platform at this time and say of it that portions thereof We heartily en- dOrse while other portions we discard. l Now to your conumdram. Real money contains measuring power and value. Measuring power by virtue of its stamp, and value because 1t repre- sents the past labors et man and has 1 within itself an intrinsic worth. Gold and silver all over the globe has an in- triEsic and recognized value in itself. 1 Paper money has measuring power by virtue of the declaration of the govern ment that it Is q dollar, and possesses value only because the people have con | fidence that it will sometime be paid in com. It has no uniform value for itself or in itself, and but for the redemption clause contained on it's face, would be worthless, that is, it would want one of the necessary Ingredients that is re- quired to constitute money, viz; value. Strike this redemption clause from the face of paper money and that is what constitutes fiat" money in the com
 mon acceptation of the term. In other words fiat" money is paper money without any promise of redemption. l Without any promise to redeem, it has no value. Destroy value and you des- troy measuring power also. The gov ernment could not inflict greater curse upon the people than to embark in the "hat" money business. Every | ona u,ha Nynut1 trpt 1T ,vonlI .aaly r., ,r.,