The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1869-10-28
Chr 9eafora Gazette.
From the New York Freemans Journal
THE NATIONAL ADMENIsTRA TION
GAMBLING 70 THE RUIN
OF THE PEO-

During the months from August to
December it is required by the inter-
est of the producing classes that cur
rency should be more plenty, iu order
to move the surplus crops from the
broad fields from the interior seaboard.
This used to be done when we had
gold and silver as our only legal mon
ey.
Grants Administration, with an in
fernal and ever-tightening grip, has
been aoitltdraioiRg the paper stuff that
is now our only currency, at the very
time that the farmers and merchants
of the interior needed its increase.
We hope and trust the people of the in
terror may recognise, without regard
to politics, what is distressing them.
The value of grain and provisinos,
as we'll as of cotton, at time like the
present, depends very much on the pri-
! ces offered on the sea-baord by foreign
shippers. These purchases, for for
eign account depend on the price Of
goM. If the purchasing price of wheat
for exports is dollar bushel, in gold;
then, if gold be at 50per cent. premi
um, the price in greenbacks will be
one dollar and half If the gold
premium be only % per cent. then
wheat will bring, in greenbacks, only
| one dollar and a quarter.
According to the old Democratic plan
of government, before the war, Gov
| ernment did not meddle with the bu-
siness of the people, but held that ten
dollars meant ten dollars IN gold, and
so the courts had to decide. According
to the aeW regime, Government med
dies with everything, not only taxing
everything and everybody, for mon
eys most prodigally wasted but under
taking to fix the price of their filthy
greenback paper currency that is inn
poverishing us.
Were this administration of Govern
ment in the least interested in the well
fare of the country, having undertaken
to control the value of our paper cur
rency, it would try and keep it on an
equilibrium. The thing that apsets all
calculation in honest business is the
fuctuation in the value of the legal te5t-
der currency.
An honest merchant, in these late
years, buys for his customers teas, cof-
fees, sugars or dry goods, or other for
eign commodities, on the basis of gold
at hundred and forty. By twist of
the money market, at the option Of
President Grant and his Secretary of
the Treasury, Boutwell,, gold is tum-
bled down ten per cent. The mer-
chant that has bought at the higher
| figure, has been cheated, not only out
of his legitimate profits, but he must
| sell at large loss on what he has paid.
This Government of Grant and Bout
well, meantime, take the responsible
| ty of regulating the price of gold.
If they had the right to do this,
which they have not, they ought TO
/ have gotten some one less incapable
| than themselves to have told them
| hoaC to do it, without hurting every
hody. They might if they had the
right, which they assume-have fore
warned the public that in September,
the price of gold would be ddUGaced.
/ This would have been to the interest
of the farmers, and other producers.
/ If the Administration of Grant and
/ Boutwell, had had the right, which it
! had not, it would have done a good
thing by putting up the price of gold
! to fifty per cent premium during the
months that crops are coming for
! ward and being exported. 1t would
| have put more currency into circula-
ton and it would have realized for the
farmers better prices fer the grain, &c,
exported. AS it is, gold is hardly at a
premium of thirty per cent, and the
farming, &C., classes, are to be hard put
to it.
Thus much on the supposition that
all this has happened by putting pumb-
kins and imbeciles, merely, at the
helm, in such critical times. Butnow,
to see whether these contemplate inca
pables have uot tried to make them
selves the tools of gamblers, to enrich
themselves at the public expense.
There is an old saying about 'hon-
or among thieves" We can imag-
inc such a thing among class OF
sharp-witted fellows, who count them
selves 0utcasts from the common soci-
ETY. of men, and make community
for themselves. But an accidental as
sociation of unprincipled elodhoppers,
if put in prominent position in coun-
try so debauched as to have so placed
them, is another thing. edo not be-
lieve there is likely to be d1ly honor a.
mong such creatures-if they get q
chance to cheat each other. They will
hold together only so long as the adj
vantage of each one may dictate.
This much we say in preface tc
what, on the authority of the Ddi5
1es-conservative Black-Republicar
of the HerdEd-G Grant administration
paper-and of the Sun, Radical Repub
lican, and original advocate of Grant
has been made public during the pas
week, in regard to.
ASTOUNDING DISCLOSURES.
On the 23d and 9th of last month, g
movement was made in the Gold mar
ket that paraIyzed business in New
York, and ruined, or greatly distress
cd, multitudes who never speculatec