The Waynesburg Republican. [volume] (Waynesburg, Pa.) 1867-18??, 1868-08-05
DIALOGUE ABOUT A DIALOGUE.
Scene-Street in Waynesburg.

can.
Democrat-(ioquitu)- )-"Well, Gree
ley, how are you 10 day?".
RepuJl'can-"Tip-top, Johnny! l
have numerous causes for being in
good humor. / have just been read
ing last weeks Messenger, II read both
sides to keep well posted and am not
surprised to find its editors desperate
in the strait of having to advocate the
election of an eastern bondholder to
the Presidency, after their repeated
declarations that they would have no
King but Pcndleton and Greenbacks I!
And more than that they are COM
PEELED to honey the Blair family and
truckle to the chanticleer vanity of the
rebel chivalry. Politically, rs Nasty
says, / find them equal to any emer-
gency.' But, did you read that Dia-
logue between Two Neighbors,' in
last weeks lieSsengcr''
Dcm.-"Ycs, | did,
Re, .-"Werc you struck very forci-
bly, with the soundness of'A's, logic,?'
Dem.--"The truth is l read it over
mechanically, having became so used
to the glib arguments advanced by our
side on the money question that | can
talk very much after the. same fashion
that our heavy guns do who speak
with such calm assurance as to the
plausibility of themselves being able
to run the machinery of our govern
ment Alright i only elected to do so.
The sound of AS, logic is very appa-
rent but it lacks the mess in great
degree"
Rep.-"Why, do you think so! l
am not surprised to hear you speak
thus, however, for you was known
supporter Of the war and if l mistake
not loaned some money to the Gov
crnmcnt, while it is very clear from
the tone Of 'A's language he had no
heart in the struggle for the maintain
ance of an undivided country. What
is your candid convictions on 'A's'
wool argument, embracing, as it is
meant to, the whole question of our
financial difficulties? Isiould like to
hear from an honest Democrat"
Dcm.--"Well, to begin with, there
is a slight difference in now and Ten
gears ago, andifadmittcd for the worse
am the last man TO say Il word be-
cause it was our old party leaders who
did the mischief. So far from the Ma
tional Banking system being stun
bling block in the way to fortune and
the sale OF our wool crop, | am con-
vi d that it has many advantages
over the old State Banks. The old
Farmers and Drovcrs' Bank with q
capital of $l50,000, or whatever il
may have had, although it cireu-
ted three times its amount of capital
was incompetent, at times, to supply
the demand, and not unircqucntly bor-
rowtrs had to pay heavy rate for in
terest and take their loans pcicc-mcal,
thus enabling the Bank to double the
interest on every loan. As roses smell
as sweet by any other name, I'll call
this honesty. The initiation ola paper
circulation so far above capital kept
the money market in perpetual fever.
and it was only by adroit management
that panics were avoided. 1t hap.
pened so in the Il. & d. Bank. Had
the $500D00 in paper, or considera.
BILE fraction, been returned at any time
for redemption, it might have whelmet
the Bank into insolvency and causct
the financial ruin of many of our citi.
zens. Moreover, our old State cur
rency was discounted away from home
and at 10 great distance WAS WORTHLESS.
as a medium for trade, whilst to-da,
the National money Of the most oh
scure Bank is par at currency value
the country over. 1t is not true tha
money is in greater demand now thar
heretofore. No matter how much tn,
lender has he can find enough VIII,
are willing to borrow and pay larg,
interest. In the days of State Bank.
they were allowed to thus prey upor
the borrower by extracting a huge
usury, and | think it wise provision
of our National Banking system tina
that they arc compelled to give bond
ten per cent. above circulation. Thi
imparts. stability where "conflsiol
worse coniounded" might result. Til,
combinations most to be feared by ou
farmers are not the manufacturers
That is not the teaching of politica
economy. But rather the proncnes
of the American people, in general
to rush into wild schemes for maxim,