The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1868-07-08

Lie insurance companies. are ABOUT
tour, hundred and fifty thousand, and
the amount, of Insurance aabout one
thousand and two, hundred and fifty
The money invested is
held asa sacred trust, as it isIa fund
laid aside for their families when the.I
insurers die. All of the: funds of sa-
wings banks and liIes insurance. .eom-.j
panies are not put in Government
bonds, but they hold an amount
which would cripple or ruin them if, |
the bonds are not, paid, Orsif they are
paid in debased paper. If we add,the /
trusts for widows and orphans We |
end that 100000 are interested in |
Government bonds, who arelnot-cap-
italists and who are compulsory own
ers ut present prices undefthe opera |
tions feurlaws There is a. itear that |
this state of things will make clash |
ing Of interests between the labor of |
the East and the labor of the West. |
It is, clear that our opponents hope |
that it will hlndar us from going into |
the contest with c0mpatt ranks and
with one battle cry However alarm!
ing this aspect may be, I am sure
there is a policy to be marked not
which will hafTnonize all jarring IN
terests. 1t can be shown that the
dangers spring from an unwise con
duct of public affairs. They have
come up like frogs of night from foul
fens; they rise from unwholesome,
darkened counsels, and viii fade
away before the light and hfe of a
clear and honest policy.
Is it true that the laborer,. the pen
sioner, the taxpayers and the bond
holders have conflicting interests
which will hinder them from acting
together in upholding constitutional
right? Why are the taxpayers la
boring under debt which bears an.
! interest OF six per cent. while other
Governments can borrow money at
three per cent, and at this low inter
est their bonds sell for better, prices
than ours ?. Why is the laborer, the
farmer, the mechanic and the pen
sioner paid in bad money, so that they
get one quarter, less than they are en-
titled to on every paper dollar paid
them? --4 q .--~ =
Why is the Dondholder wronged by
the tainted credit of the Government
so that he can not sell his bond for as
much by one third as. the citizen OF
Great Britain gets for the bond of. his
Government, which bears lower n
teIest; and why is-his claim made obi
Gus insthe eyes. of. the people by the
tact that his interest is paid in specie,
while they are compelled Co take de.
hased paper? II is clear TO every
ithoughtful man that public safety
: and honor will not admit of our hav'
; Ting two kinds of currency for any
!, length of time. We must have uni
form currency for all CLASSES y. There
is but one question to be- settled
Shall our currency be uniformly goot
or uniform ly bad ? Are we to torc'
: the bondholder to take bad money
Are we to have an honest standard o
value for all. or is industry, enterpris
and morality to be perplexed and dis
: ordered by'a shifting and dfshones
standard? If itcan be,shown that al
these evils under. which we labor
spring from common source, then,i
: is clear that all classes, should join il
ID q common effort to- pootout the polio!
! which sheds such. widespread. curses
:, There. are two ways of making Ou
= paper mouey as good as coin. One
:. to CONTRACT its volume by. calling IL
1.-THE legal lenders This Will, MAX
;. them earce and will force "a speci
!, standard, but it will carry ruin ant
? bankruptcy into every part of Ou
II country. It will bear down the price
: of property and of labor. 1t is a pol
icy whichJcannot- be carried through
y for the country will not consent to il
:, There is another way Of lifting up GU
: greenbacks to par which will no
: harm any, but will help all, whicl
/ will bring back confidence. will re
!, tvfve business and enterprise, Wi
:. i'lfghteh taxsatioh,, win give to lsbo
y R1i6tlest money and o &ifi do Justite' I
! the pubic creditor. And that way j
! to give ali the world full faith in tn
!. honor and wisdom of the America
a Government. Our paper money
9 not its &par in -coini- because the ms
. tional credit is dishonoFed- How ca
n the notes of our, Government, whic
n ilpay no interest, be worth their fac
,s in gold or silver..when the bonds {
- Government WhichIpay six per cen
/, interest are wort only eighty cents o
A. the dellaT,?-s You eat not, make til
ta notes put out by banks worth MOI
.s.E than the bonds which secure the;
a notes.. " tits Asad thing to- say that OF
/ credit is idishenored in the markets.
> the world, butit is true, and it md
10 be said, ifwe-are -to~find a remed.
= It is sllnmiIfatIhg to find that -whe
AZ Great Britain borrows. a 81 900 fl
ar, twenty years it pays. the lender b.
=. 81. 700, when if. we make the san
q loan we have to pay s2,700-to the lem
e. er, il. we wish to help the tax-paye
n, if we wish to get at the, cause of d
m based currency in the hands of, the ]
% borer, we must first find out why iol
,e credit is dishopored, for it is, a taintt
"a credit that sinks alike the value
,o bonds, of greenbacks and bank. note
=. Make the credit Of the, Qnited Stat
1r as good as that OF, Great BritaiE, OF.
n. a merchant I'M good standing, or'of
,e mortgage on a farm, and our itroubi
ofl would disappear. If we make Q
pe paper money good by harsh syste
y of contraction, we shall cripple t
,0t nergies-of=t the e-GOuatFy,- and ma,
. bankrupteylan and ruin. - IT, ON the OF
I'll er hand; we debaseo the currency |
j1p =unwiseadssuesy We shall lequally pt
= Il pick BUSH ness and destroy sober
iS3 dustry and. make alI5prices naere mi
teys of fghnbiingyytF and ehane'
r. This will end asjit did. in the.S Sout
- ern, peonfeleracy. lAt the; outset t
- citizens Of Richmond went to mark
~ ~ with their money h~ tb9if vest POI
! ..F- e -