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Show THE OCTOBEH ELECTIONS, The preliminary battle of greenbacks green-backs cjf.spccie U being fought in the States of Indiana and Ohio, where the Democracy have boldly discarded the theory of the payment in coin ol tho 5-20 national bonds, and declared iu favor of greenbacks as the national currency. The Democratic party in some other western States have also incorporated the greenback theory in their platfurnn, though i ot to the extent of the Indiana position. The western independents and farmers generally appear to favor the extension exten-sion and legitimate increase of the national legal tender currency, it) volume to bo rogulated by tho de-1 de-1 mauds of business, and the abolition of the national bank currency. Tho movement last summer by tho Democratic State Committee of Illinois, the Chicago Times and Mr. Ilesiug, the German leader of the People's party of Chicago, which led to the semi-Democratic State convention conven-tion and the endorsement of the prepared pre-pared call of the leaders, declaring for a speedy return to a specie basis, had a demoralizing efiect upon the canvas in that State, as it placed the two wings of tho opposition in antagonism, an-tagonism, though both branches have unttel upon a gingla candidate for Superintendent of Public Schools.and in several of the districts have united upon candidates for Ciugreas. The Illinois election hikes place in No vember. In Iowa the greenback issue does not enter into the canvas, tho platform plat-form of both partfes declaring (or a speedy return to specie payments. The gain of ono or two mombera of the House of Uepresentatives is anticipated an-ticipated by the opposition. The financial issue in Indiana and Ohio as boldly defined and accepted is "greenbacks vs. gold, " and the result oi tho contest in October can -not fail to have a decided efiect upon future politics. Tho Republicans have universally declared for the payment of the 5-20 bonds in gold, while the Democrats in other States are divided upon the question, and in theEast there is hardlya district against 1 the present legislation on this point. Iu Indiana and Ohio Senators Morton and Sherman warmly advocated I greenback payment prior to 1S68, and carried their States for Grant on that platform. In fact Mr. Voor-hees Voor-hees of I ad i ana in a late speech challenged " the production of a single Republican State platform in the United States, or the utterance of a single prominent Republican leader, prior to the election of General Grant in 1SGS, declaring that tho 5-20 bonds were payable in gold." The Republican Repub-lican leaders have certainly gone back on their original ideas. Whatever may be the merits or importance of this question, tho recent speech of Senator Morton, setting up the difficulties in LouUana and other southern States as the absorbing ab-sorbing issue in the coming elections is an evident attempt to turn public pub-lic attention from financial topics to the old story of southern rebellion. This scheme shows that in Senator Morton's apprehension the Republican Repub-lican party is iu a tight place, from which it can be extricated only by reviewing the sectioual war-cry of the past against the South. To this stale and baseless plea Governor Morton could hardly have been driven save by a desperate emergency; Foreclosed by his own words on the financial question, with the practical , evidences of the unpopularity of the administration of Genoral Grant all around him, he has seized upon the southern excitement as the last re sort to save the Republican party. The elections in Indiana, Ohio, Iowa and Nebraska will occur on the second Tuesday of the present month, aud their results will furnish an indication of the popular sentiment senti-ment throughout the western country and of the political complexion of the next House of Representatives. These States are represented in the present House as follows: Indiana, 10 Republicans, 3 Demociats; Onio, 13 Republicans, 7 Democrats; Iowa, 0 Republicans, -no Democrats; Nebraska, Ne-braska, 1 Republican. Total, 33 Republicans,-10 Democrats. The opposition should make a gain of at least 10 members in these States in order to enable them to carry a majority ma-jority in the nexf Congress. |