Year: 1875

rag money, that piece of paper, if


rinted by the government, is as good as
old, although every day the assertion is


isproved, and that if the amount of


aper dollars were indefinitely increased.
Sere would be universal revival of in
Nustry, workmen would have enormous


ages, and happiness and plenty would


bound


Cary speaks to men who know tLat


ley want work, and who do not know


le reason. They are men to whom the
3 hole subject of finance is mysterious,


no are used to paper money, and to


7hom the prospect of more of it
i naturally the prospect of relief. 1t
A1ust be expected, therefore, that very


Sge vote will be polled for the rag
money candidates. The cause of the hard


times is, of course, not unfamiliar to all


intelligent persons. The excessive spec


ulation consequent upon the irredeema-


bic currency after the war was followed


by crash and panic; and thus a gen.
eral want of confidence has been pro-
duced which is fostered and continued


by the doubt whether the currency will
not be farther expanded and made still
more irredeemable. There will be no
better times until confidence is restored,
and confidence can not be restored while
there remains prospect or a possibility
OF imitation. Cary and the Ohio Demo
Gratis, therefore, are merely striving to
prolong the doubt and uncertainty from
which the trouble springs Could they
have their way, and the country be flood
ed with rag money, there would be
wild whirlwind of speculative extrava-
gance that would end in general ruin
and repudiation. Not only would the
national name be utterly disgraced, but
universal disaster and misery would
cover the land; and the Ohio workmen
who now listen to Cary as the poor mans
friend would find, as the poor man has
always found in every age and country,
that he has no enemy so cold-hearted
and cruel as the demagogue who fawns
upon him and fatters him to secure a
selfish purpose


But the most serious aspect of the cam
paign in Ohio is not that such men as
Allen and Cary appeal to the basest pas
sions of ignorance, but that national
Democratic leaders like Senator Thur
man aid and abet the work No man in
the country knows better than Mr..
Thurman the utter falsity and the peril
of such talk as that of Cary and Allen.
No man is more familiar with the warn
ings of history and the lessons of expert
ence upon this subject. No man is more
aware that there are laws of industry and
of currency as fixed as those of any sci |
ence, and that the policy advocated by |
the Democrats of Ohio is necessarily |
fraught with national calamity. Yet he |
sustains them. Leading Democrats all |
over the country sustains them. All |
have but one excuse to offer, and they |
not only know it to be futile, but they |
know that every honest man in the coun-
try desplses it. The excuse is that infia-
tion is a national question, and that it is
no matter what State Convention NAV
say upon the subject. This is Mr. Thur
mans excuse. Yet Mr.. Thurman's S speech
was entirely devoted to discussion of
national questions. For he knows, as we
III know. that the election in Ohio is the
lrst event in the national campaign


Governor Tilden's course in New York
% compel the canal thieves to restore
heir plunder. excellent as it is, can not
iivert the public mind from the startling
lgnlticance of the Democratic position
n Ohio. There, and not in New York,
he real tendency of the party is revealed
n New York it is well known that there
s large Democratic hostility to the war
!pon the Canal Ring the chief of the
ting being himself Democrat But in
)hlo the very representative of the hard I
money Democratic sentiment bows to
he rag idol set up by Allen and Cary I
nd the real managers of the party while !
he grave, able, honorable, and patriotic
one of the Republican canvass recalls
he great days of the Republican ascend
ncy, and is the harbinger of their re-
urn.