Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1867-01-24
HOME RESOURCES AND HOME
LABOR,

UoV. UEARY IN MS inaugural says
-" In nothing have our trials daring
the war, and the resulting triumph to
our arms, been 80 full of compensa-
tion, as in the establishment of the
proud fact that we are not only able
to defend ourselves against assault,
but what is equally important, to de-
pend upon and iUe upon our o1on re,
sources At the time the rebellion
was precipitated upon us the whole
business and trade of the nation was
paralyzed. Corn in the West was
used for fuel, and the producer was
compelled to lose not only the inter
est upon his capital, but the very
capital be had invested. Labor was
in excess, and men were everywhere
searching for employment. Mills and
furnaces were abandoned Domestic
intercourse was so trifing that the
stocks of a number of the most i'm
portant railroads in the country fell
to, and long remained at, an average
price of less than fifty per cent
We have insisted upon these facts
frequently in the columns of the Re
PORTER, when speaking of the advan-
tage accruing to the country from a
sufficient currency to meet it's bust
ness wants and it were we'll, if now,
when we hear 80 much against re
dundant currency from the New York
city papers, and their stock and gold
jobbing patrons, these great facts
were well pondercd The same wise
acres, who are now so earnestly
pressing for immediate specie pay
ments, through the city journals, made
the same assertions, and the same
arguments against our currency wher
it took t,cO dollars and eighty cents n
greenbacEs to buy one, in gold, they
make now against it's worthlessness
and its injurious effects on the mate
rial interests of the country, alleg
ing, and attempting to prove by irrel
evant facts, and perverted financia
history, that overwhelming bankrupt
cy must speedily follow, If 1t 1ce1'
not speedily 'cithdra,en. Yet still We
have that currency, and we have no
had q financial crisis, bankruptine
the government and the people ant
the business of the country has alb
sorbed our currency until now gOlC
is worth only thirty cents more thar
currency. And this difference vii
be absorbed in less than three years
so that currency and gold will be ol
a,level, if no attempt is made, mean
time, to force on the country speci
payments. The contractions of tn
currency attempted by the Treasur,
Department, the unwisc sale of gov
: ernment stocks in Europe, and tn,
heavy importations Of foreign pro
ducts, through an insufficient tarii
Of duties, is now injuriDg the manu-
4
featuring and laboring interests of ou
land. We had no need, during tn
war, of foreign capital, much les
now, as is plainly seen by the hun
dred millions of surplus gold i'll th'
national Treasury, and law shoulC
be enacted preventing our securities
from going to Europe Our indebt
edness abroad is hurting US, as ar,
the wooden and cotton fabrics, anC
the iron of England, and we shoulC
keep the one down, and the othe
away
Every day, since Treasury note,
were issued TO meet the wants of tht
nation, copperhead presses, and ora
ators from one end of the land to the
other, have been abusing our curren
cy, and predicting ruin from it to oul
country, yet in five years we have
used them Gov. GEARY says, ave
produced more food, built more hous
es and mills, opened more mines, con
structed more roads than ever before
and so greatly added to the wealth
1 of the country, that the property ot