Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1868-11-12

Tho desperate tlnhlncss M The hpan.
clal world of New Norh, at this ma.
mcui, IN iho face of the fact that The
deposits OF tho mercantile and business
community are huge, and that ihcre
is really q plethora Of currency, Il
untampcrcd with, Is fair Illustration
OF the morals Of the paper money
tribe From ton to fifteen millions Of
currency has been temporarily with
drawn from circulation by n set OF
rascals in and about Wall street, foI
the sole purpose Of bearing the stock
market; and a crowd of desperate,
soulcss gamblers, banded with bank
presidents, are now conspiring to
crush out the little business there il
left, that this gang of grnceless droncs
who never earned n dollar In all theii
miserable lives through honest pro
ductive industry, may fleece certain
poor devils, who are TO be cornered
hamperod and shacklcd by this strin-
gency, and then pushed into bank,
ruptcy. This currency corner, which
so-called respectable men are engaged
in, is u disgrace to the financial class
es of the city, and we recognize IN
the game one of the beautiful princi-
pies of Mongrelism, as connected with
finance. There is u constant cry
for more banks, more money. a bigger
circulation, 10y the howlers Of the
present dominant party, who are dri.
wing the producing classes on one side
aud the consuming classes on the othor
TO state of desperation. So large
an amount Of circulating medium as
to foster speculation, tying up our
great staples, retiring wheat, flour,
corn, cotton, is very serious injury
to trade and commerce, and not only
bears upon these special interests, but
ramifies into all departments of bust
ness. The effect of the great expan,
sion of money today and its great
contraction to morrow, destroys con
idence, kills credit, renders the ave
nues OF trade too chaotic tor commerce
to travel in, and stagnation, failures
and direful disasters follow. The
reckless game of contraction is now
being played by the capitalists OF
Wall street. The bulls are being en-
trapped by the bears. Stringency OF
the most extreme character is being
produced TO ruin one class end benefit
the other. If the miserable stock
gamblers only were squelched out by
this moneycd conspiracy, no harm
would result to the great world on
the contrary, it would be a benefit ,
but unfortunately, this artificial scar
city of money operates disastrously
out of Wall street. 1t touches the
feeble industrial branches of the coun,
try at large; il withers the little com.
merce now struggling foran existence I;
it paralyzos the honest efforts Of the
working classes; it crushes out the
last hope Of renewed prosperity; it
serves to enslave tho poor, and make
richer and more despotic the already
rich. This sort of evil will exist as
long rs this country is cursed with a
leading political party, stepped in i'm
morality and crimes Of every name
and nature. Its fruits are ali poison
Gus, and the virus spreads into trade,
into social life, into the church. into
the very pulpits. Nothing escapes
the debauching effects of the doctrines
of Mongrelism. Crime never was so
rampant. Murder never stalked forth
with such boldness in the blaze of
MONDAY. Thefts never put on such
assurance. Frauds never were more
shameless. Petty offences are not
even censurable in tho present state
of debauched morals, and in the face
of all this, the financial foibles of
Wall street, even though they may
cripple and destroy thousands of in
dustrious merchants aud business men,
are looked upon by the fanatical
wretches who inaugurate all the evil
as perfectly legitimate. When shall
we have doliverancc, oh Lord and
a restoration of the good old days of
peace and prosDeritv p D1U EocL