The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1868-09-01

| al tAlSttuCe Ndb Ill uHnReT' ue gov
eminent, at such a time, had right to
demand sacrifices its citizens. 1t did
60, and the people responded nobly.-
This seeming hardship was then fas-
tened upon us and we cannot complain.
1t was part of the price we paid for
the perpetuatlon ofthe government and
Our cherished civil institutions. The
other evil to which we referred, is not
q necessary one, while its effects are
vastly more oppressive and unjust. 1t
is the fluctuation Of values, that uncer-
| tainty about results which destroys le-
ultimate business, fosters the spirit of
wild speculation, taints the public faith,
| and makes us n nation of bankrupts or
swindlers. What has brought about
such disastrous condition of things
| and how can it be remedied?
These financial calamities are directly
chargeable upon the Democratic party,
The rebellion was a Democratic meas
ure from beginning to end; inspired by
the leaders of that party, carried out ny
| its southern branch, fostered and en-
couraged by its northern allies, ali
through that long, bloody strife which
We waged for four years to preserve
our national life. Through that rebel
lion business was everywhere prostra-
ted, immense interests destroyed, prop
erty annihilated, an unprecedented
debt fastened upon us which rests to-day
Ike an incubus upon our national pros
perity, and worse than all the rest, eff
fected the substitution of inconvertible
paper a. our currency.
But the worst feature of the financial
situation is the uncertainty in which
we are involved, and the danger of vio-
lation of the public faith. For this
danger the Democrats are also respon-
sible. They propose to tax the national
bonds in violation ofthe nations solemn
pledge They propose to pay for the
ponds as they mature, in irredeemable
paper which would, by this very act,
be largely deprecated in value, invol-
wing countless numbers in hopeless
ruin, causing untold distress especially
among the poor With no final pros
pect that the promises of the govern
ment would be redeemed, our currency
would soon become as worthless as Con-
fedsrate scrip, The difference between
payment in gold, as promised origin
ally, and payment in further promises,
would be an immaterial one if these
promises were TO be literally fulfilled in
the end. The whole scheme, therefore,
must he for almost, or quite, absolute
reputation. Is not party which
makes reputation the principal plank
IN Its platform, unworthy to be trusted
with power" But that is just he stand
taken by the Democratic party in the
present canvas. Reputation is the
summing up of the principles laid down
at the New York Convention and yet,
Governor Seymour stands upon that
platform and taunts the people with
words like the Kisses of serpent, say
ms VIZ iaIipIl = tlcuIl Is
Yes, it is true, the nations credit is
tainted-tainted by the danger that the
party OF reputation will again come in
to power. The degree of faint is meas
ured by the premium on gold which
has gone up from SO to 45 under the in
huence of the New York Convention
its platform and nominations. If Sey-
mour and Blair should be elected, we
must expect another of those financial
crises which have occurred at intervals
in our history, but which all good men
would pray to have averted.
If, on the other hand, the principles
ofthe Chicago platform are triumphant,
if Grant and Colfax are elected, the ma
tional credit will be restored, measure
of certainty impaired to matters of fin
ance, business invigorated, expenses
curtailed, taxes gradually diminished,
andthe prosperity of the people insured.