The Waynesburg Republican. [volume] (Waynesburg, Pa.) 1867-18??, 1868-08-05

ing largely for an article which he
knows an overstocked market must
soon send begging for purchasers? 1t
would be just as sensible to buy gold
nj l40 when it is running down at the
rate ofone cent per diem"
Rep.-"You speak correctly and as
/ had thought you would, being a
farmer yourselfand competent to judge.
What do You say to 'A's' remedy for
this. lie proposes to cancel the bonds
with greenbacks, do away with the
National Banking system and case up
the market by n wholesale issue of
paper money, having no standard
basis and bringing all the attendant
evils Of bank ponics, failures, etc."
Dm.-"rhis opens mine ofarsu-
ment that l won't attempt to explore
at present. | am a Democrat and
have, / think, taken an impartial
stand in the matter. get to see a
REPUBLICAN occasionally and | am
frank to say l was much pleased by
the speech of Mr.. Blaine on the finance
subject, printed last week in its col
umns. He shows that the Banks are
source of revenue to the country,
and that no matter how specific the
law for taxing bonds, aside from the
breach of national faith, no more mo-
ney but less, would be the effect. The
locking up of money in the bonds as 4
hindrance to trade is all bosh. | pay
tax on every cent invested above an
income of a thousand dollars. If |
choosed | could sell what bonds l
have and invest in real estate and os-
tcnsibly would pay much larger tas ,,
but rccollcct the rate of interest i not
six per cent. l make ten, twelve,
perhaps fifteen per cent. Ilaving
confidence in the public credit, how
ever, | let it remain in the Treasury
drawing small interest and have nc
occasion to growl ut others who do
likewise. / mortgage your property
as it were, but give you all the benefit
Of its use. If, rs our party proposes,
you manifest a disposition to break
your contract | must withdraw my
support, with loss to myself, and
throw you upon the mercy Of your
creditors. This yoa know is disas-
trous to. individuals and, of course
would be to the nation. And it is this
intimation Of breaking the national
faith that is embarrassing the country
tprcscnt. The confidence and tim
idity of the public creditors operate:
in the money market as the tempera-
tlrc does on the thermometer. Credit
up, money plenty; credit down, money
scarce. The New York platform
plainly indicates want of faith in our
Government, and would commit The
party to reputation, but for one cal
be no accomplice in the assassination
Of Credit, nor can | think it possible
for Democrats who.supportcd the wal
war to engage in such crime"
Rep.-"Good! 1t is clear that your
argument followed up eifectually dis
poses of 'A's' theory. Having talked
longer than 1 expected, | must bic
you gool day, but shall be happy te
hear you again. BY the by, l hca'
that Corbly Orndaff, Esq, has sold
his WOOL"
| Dem.-"He has, and a fine lot i
was, too. Nearly five hundred pounds
in all and of the best quality. Mr.
John Hager who bought it pronounces
it the best he has yet seen."
Rcp.-"Nnmerous other farmers arc
selling are they not ?"
Dcm.-"Quite a number. l KEEP
my fingers out of the wool pudding
this year, imagining there would no
be enough plums to go round"
Rcp,-"You did wisely. Now tina
reconstruction is fairly accomplished
in all but three States of the Soutl
and the pcrturbed state of our coun
try is soon to be settled by the cleo
ton of General Grant to the Presi
dency, capitalists will have nothing tc
fear with the Democratic Republication
scheme repudiatcd by the people, ant
with the help of all good men TIN
country will once more be put upol
the high road to prosperity and wealth
and the busy hum of machinery, nov
hushed in our woolen and other man
ufactories, shall be heard agaiI
throughout the length and breadth o
the landv
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