The Republican. [volume] (Oakland, Md.) 1877-current, 1892-09-16
OPENING OF THE CAMPAIGN
In Garrett County by the RepublI-
cans.

In Garrett County by the Republic
cans.
Hon. Geo. l.. Wellington, the
Republican candidate for Congress
from the Sixth Congressional Dis
trict OF Maryland, put in some tel
ling blows for the Republican cause
at the meeting of the Harrison,
Reid and Wellington campaign
club of District No. Z last Monday
evening.
The club, which numbers over
70 active members and composed of
wide-awake, energetic and enthus-
iastic Republicans, gave him a
hearty welcome upon his arrival
here, judging from the manner in
which they turned out to hear him.
At Z o'clock or little thereafter
the members of the club met in
their rooms and marched in body
to the Commercial Hotel (where Mr..
Wellington was stopping) and es-
corted him to the hall. Upon ar
rival there the meeting was called
to order by President Sincell.
Some routine club work was gone
through with and then Mr.. We'll
hngton was introduced to the wait
ing and anxious assemblage.
In his opening remarks he allud-
ed to the clean, clear and business
like administration of President
Harrison, the Mckinley act, Mr..
Blaine's reciprocal treaties and the
monetary questions. He also
dwelled at length upon the pen
sioning of the old soldiers.
Our space will not permit us to
publish much of his speech but we
give below his remarks upon the
wildcat money plank of the Demo
cratic platform. On this subject
Mr.. Wellington said:
1.-The effort oil the Democratic party to re-
vive the old system of state bank note circu-
lation will, II successful. bring national dis
grace and widespread individual loss.
such a result however much sumo may
now doubt II, will eventually follow the re-
peal of the pr, sent 10 per cent tax on state
opr oPle1as :"
other reading hnanclel s-are substantially a
unit to this effect.
"Should this tax he repealed, the immedi-
ate effect would be to make every state bank
and banker throughout the United States q
bank ofissue, restricted only by the laws of
| the State in which its banking house or its
office" was situated. No two states in the
| Union have banking laws alike in every par
| ticular.
- believe that such action on the part of
! tnnprpSS would he riOuS blundpr and
Iraught with evil consequences to the Amer
| lean people, We have currency now that is
| on n parity with gold and silver in any part
| of the United Staes and one that is c0verti-
| BILE into gold or silver at a minimum discount
| in any part OF the civilized world. 1t is Sc
cure beyond all question. Sixty millions Of
| people indorse and guarantee il and its re-
liability is known and appreciated the
world over.
"A repeal of the 10 per cent. on State bank
issues would have a tendency to do away
with our present system OF banking and be a
long stride toward rehabil!tating the pernic-
ious ante -bellum system, revival of which
would put back the wheels of progress fifty
years and give rise to evils which another
hundred years could rot correct.
"The present generation do not appreciate
| the difficulties under which the previous gen.
Grafton labored. They have perhaps heard
something about II in an indefinite way, but
not having had any experience with mis-.
ceilaneous and deprecated currency. they
cannot un ierStand IL. In the course of usi-
| ness or from the fruit of their labors they can
take "greenbacks" and BLACK backs" without
being compelled TO consult banker to ascer-
| tain how much they ought to add to The
! price of their goods or labor to make good the
! discount they would be suhjec: TO To make
them equal TO par, and can sleep soundly
knowing that as long our government
| lasts. they will be good dollar for dollar, and
| further. that should they desire to pay bill
in either New York or New Dreams they can
| do SO at n cost that shall not exceed, in any
| event, the one tenth uf one per cent, or at
! about the usual express charges
This could not be done in ante bellum
/ times. Then the holder of state bank Issues
would lie down at night troubled and with
anxiety, not knowing but that the morn
! ing's telegram would announce him a pau
! per. To pay debt In the east. west or south
/ u would have been poor policy for him to
| forward currency by express, the greater
par, OFT would have been a purely local
! count OF an increasing ratio the farther IL
! got from home; and besides. in the interim
ofcarriage. one or NOR, of the banks of
whose issues his remittance is made nm
! might fail, so he must take his paper prom
ises TO a banker. and have IL raised to the
| standard of the city or town in which the
I banker was located.
Perhaps the larger portion will be taken
/ as lar funds, on the remainder he would De
| compelled TO pay discounts ranging from to
| per cent, or more, the amount oil discount
being regulated by the standing and locality
/ "i the bank; Now he is ready 10 purchase
premium over par funds OF seldom less than
per cent, but in Times OF commercial up
neaVe' IL rea.neu as high as 10 per cent.
1T is the people, especially the Is,boring
classes. who suffer most from AN irresponsi.
be currency. The farmer, the mechanic and
the day laborer, more than the II erchant and
manufacturer, keep their earnings about
their persons or their homes. that neigh
boring bank failures are sure to catch them
TO a greater or less degree.
Would u not seem then that the great
Democra tic party, OF all the political parties
| now claiming the attention and suffrage of
the public, is the last one that ought 10
champion return to such loose currency
| system IL claims to DC OF he people and for
the people, and yeti is stalking at hazard
one of the peoples dearest rights the right TO
staple currency, a currency that will buy
| fish in New England, merchandise in New
| YORK. cotton in Georgia aud fruits and
wheat in California. At present we have
such currency, bui we we wouid not have
had II. even now. had not the necessities of
war forced Congress to Pass the prohibItory
| 10 per cent. tax law and thus emancipate us
/ from the thralidom Of miscellaneous and
| rerniciouS state bank currency"
Mr.. Wellington alluded to the
speech of Jas. F. Brown, of Wash
ington, ID. c., an excerp oft which
was published in these columns last
I uaal- Frlr- NJ