Year: 1874

jana; the Republicans in Michigan. Kan

 sas and New Jersey. There has been no

 doubt of the position the East would take

 on finance but the utterances of Western 1 conventions have been looked for with much interest and are, on the whole, very

 reassuring. The Republicans of Michi-

 gan come out emphatically for an honest

 currency:

 Ire finally agreed upon by Congress be- tween the conflicting interests and oppos- ing theories. While we recognize in the greenbacks and national bank notes a cir culating medium far superior to any paper States, saving as it does the people. direct ly and indirectly, many millions of dollars annually over the old state bank system in exchange and discounts, we demand that in all financial legislation Congress shall keep steadily in view the resumption of specie payment, to the end that at the earliest day practicable the promises to pay of the Government may be equivalent to coin In like amounts throughout the commercial world. We believe that bank ing under well-guarded national system should be free, the volume and locality of issues being regulated by the business law of demand, and We denounce repudia- tlon in every form or degree, holding the pledged faith of the Republic sacred and lnvlolable in both letter and spirit. When we reflect that Senator Ferry of Michigan has been the head and front of the infation movement, .the enunciation of such views as the foregoing seems doubly emphatic. Both Republicans and Opposition in Illinois are "planked" in opposition to the infation-repudiation schemes of Pendleton, Morton and others. Kansas Republicans treat the matter very gingerly, while New Jersey speaks out quarely for sound currency. The Pennsylvania Democracy declare that, ga steady effort should be made to bring the Government notes to par with gold, and to secure return to specie pay ment, at the earliest possible period that resumption can be effected with safety"

 In the states of Ohio and Missouri, how ever, the Democracy have gone clean back to the old Pendleton heresy. The Ohio platform is so explicit on these matters that we give it in full:

 Resolved, That sound currency is in- dispensable to the welfare of the country; that its volume should be regulated by the necessities of business, and that all laws that interfere with such natural re- gulations are vicious in principle and de- trimental in their effects. We are in fav- or of such an increase of the circulating medium as the business interests of the country may from time to time require; that sound policy and justice require that not less than one-half of the Customs du- ties should be payable in legal-tender notes of the United States, commonly cal led greenbaeks; that the power of the na- tional banks to issue and loan their notes upon interest is a power to draw interest upon their debts, while the people pay in- terest upon what they owe; that this spec ial and unequal privilege ought not to ex- ist, unless it is manifest that in no other way can sound paper currency be SUD- piled. Believing that better system can be devised, and one that will be free from unjust privileges, we are in favor of abol- ishing the franchises of the national banks to issue paper currency as soon as the same can safely and prudently be done, and that the notes so withdrawn by the banks be substituted by the Government with legal-tender currency. That the Democracy of Ohio reiterate their declara- tion that the five twenty bonds, by the letter and spirit of the law, and the gen. eral understanding of the community. were payable in legal-tender notes and the act of March, 1869, which pledged the faith of the nation to their payment in coin, was an unnecessary and wicked sacrifice of the interests of the tax-paying laborer for the benefit of the non-tax- paying bond holder; that without equality of taxation there can be no equality of rights, and the exemption of the public bondholders from bearing their due proportion Ill SUD- porting the Federal Government and maintaining the laws, is unwise and unjust; that we are friends of all the industries of the country, whether agricultural, mechanical, or commercial, and believe that these industries thrive best when no unequal privilege is conferred by law up on one over the others. We are therefore opposed to the unjust and oppressive fea- lures of the existing tariff laws, and insist on their repeal or modification. SO that revenue tariff shall be substituted for them.

 The Missouri platform, though shorter, is to the same purpose. While, therefore, we cannot fairly claim for the Republicans of the West the same sound views on fin ance that prevail at the East, their posi- tion is on the whole much more creditable than that of the Western Democracy.

 Looking at the matter from non-part- isan point of view We are especially pleas ed to see so much home opposition to the imitation views that we were told by their congressman prevailed throughout the West. We imagine that we shall not be obliged to rely on presidential vetos to protect the currency from the nert con- gross.

 A terrible story of a negro massacre comes from Louisiana. Six leading ne- groes-a sheriff, two tax collectors and | other oficials-were seized at Conshatta

 by the whites on charge of having threat

 ened a negro uprising. They agreed to leave the state and were sent under guard

 to the Texan boundary. Here, however.

 they were met by a party of armed

 Texans and all shot. The idea of six ne- gro officials engineering an insurrection ! against the government under which they

 hold office is absurd. The truth of ths

 matter no doubt is, that they had been

 attempting to compel the whites to pay

 the taxes levied by the Kellogg govern ment.

 Mir. W. c. Ginn, referring in Wednes-

 days Palladium to the recent accident

 from the bursting of an emery wheel,