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Updated: May 9, 2025
This plausible and poisonous fallacy quickly took root in Ohio, whose political soil has often nourished rank and luxuriant outgrowth of Democratic heresies, and it came to be known distinctively as "The Ohio Idea." The apt response of the Republicans was, the best currency for both plough-holder and bond-holder! Mr. Pendleton was peculiarly identified with the Ohio Idea.
The same influence which had resisted the issue of legal-tender notes during the war, when they were deemed vital to the National success, now demanded that they be used to pay the public debt, though depreciated far below the standard of coin. "The same currency for the bond-holder and the plough-holder" was a favorite cry in the mouths of many.
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