mbus undertook to deal.

The most important part--in fact the only part of their platform in
Ohio this year which receives or deserves much attention, is that
in which is proclaimed a radical departure on the subject of money
from the teachings of all of the Democratic fathers. This Ohio
Democratic doctrine inculcates the abandonment of gold and silver
as a standard of value. Hereafter gold and silver are to be used as
money only "where respect for the obligation of contracts requires
payment in coin." The only currency for the people is to be paper
money, issued directly by the general government, "its volume to be
made and kept equal to the wants of trade," and with no provision
whatever for its redemption in coin. The Democratic candidate for
lieutenant-governor, who opened the canvass for his party, states
the money issue substantially as I have. General Carey, in his
Barnesville speech, says:

"Gold and silver, when used as money, are redeemable in any
property there is for sale in the Nation; will pay taxes for any
debt, public or private. This alone gives them their money value.
If you had a hundred gold eagles, and you could not exchange them
for the necessaries of life, they would be trash, and you would be
glad to exchange them for greenbacks or anything else that you
could use to purchase what you require. With an absolute paper
money, stamped by the government and made a legal tender for all
purposes, and its functions as money are as perfect as gold or
silver can be!"

This is the financial scheme which the Democratic party asks the
people of Ohio to approve at the election in October. The
Republicans accept the issue. Whether considered as a permanent
policy or as an expedient to mitigate present evils we are opposed
to it. It is without warrant in the constitution, and it violates
all sound financial principles.

The objections to an inflated and irredeemable paper currency are
so many that I do not attempt to state them all. They are so
obvious and so familiar that I need not elaborately present or
argue them. All of the mischief which commonly follows inflated and
inconvertible paper money may be expected from this plan, and in
addition it has very dangerous tendencies, which are peculiarly its
own. An irredeemable an