Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1869-09-23
Currency Point.


crat, has some crude plan of his
own, to effer, for saving our financial
bark, with her cargo of bonds and
greenbacks, from shipwreck, as she
endeavors to round Currency Point.
Some, those on the Republican shore,
are satisfied with the present Cap
tain and crew; they assert that they
have safely navigated over the
sunken rocks of speculation, and
now with every stitch of canvass
spread that she can carry, is weather
ing the point; that to expand another
yard, her masts will go by the board,
and the bark will drift a helpless
hulk on the lee shore of reputation.
Others, are desirous of sending out
life e-boats from the democratic shore,
with a new captain and crew, who
threaten to throw overheard part OF
the bonded cargo, and by expanding
unlimited sheets to avoid the point
and gain security.
Each individual makes his own
suggestion.
Each clique in either party, have
their own favorite plan. AS cliques
they are incohesive,-chaotic masses
revolving in the midst of both par
ties--differing upon the course to be
steered-upon the skill of the crew
upon the distance of the shore to
leeward--but on the question OF
canvass to be carried, but two par
ties are possible. One for Expan-
sion-the other Non-Expansion.--
Vessels, under other flags, have en-
deavored to pass the headland, by
fearful spread of sail, but the wrecks
that strew the coast, attest to its uJ-
ter failure. Waving the figure
This then, men of Gallia county is
the financial status-minor points OF
abstract justice and reserved rights
can be decided afterwards. But
now, which of the two do you in
tend to vote for, Expansion or Non
Expansion of the currency?
Finance like nature is subject to
law. The same results will follow
like causes in all ages. History pre-
sents us but one result of an exces-
sive paper issue, that result, Extinc-
ton but not redemption. The as
signats and mandats, expansive cur
rency of the French Revolution, be-
came well nigh worthless, and all the
blood shed by the guillotlne, and the
red handed tyranny Of Robespierre,
were Intellectual to restore them to
any degree of credit. Our CONT
mental currency is a fair example of
Expansion. 1t has become worth
less. Austria to-day, labors under
her almost worthless currency.
Expansion means Reputation.
Destruction, its consequences--high
prices, speculation, and official cor
ruption.
Debt IS at no time a blessing,
either personally or nationally
Debt can only be paid by the ma
ton, as by the individual, by econo-
my, honesty, and by laborloas effort
IN producing wealth, from the soil,
and increased values In home indus
tries.
Law cannot create wealth. Mr..
Pendleton proposes, in his large
hearted charity, to give every man,
everything, by legal enactment-to
fill the pockets of the laborer and
with greenbacks; but does
not inform him, that the more green
backs he gives, the less they are
worth.
The Past is unyielding, and de-
clares Expansion is Reputation
The debt would be extinguished, not
paid, and the money of the artisan
also valueless. England early aban-
doned her once entertained idea OF
Expansion, and from choice, bears
o-dsy the enormous burden of a
permanent debt.
Our people have no idea of al
lowing a debt to enslave them for the
future, nor of disregardlng the warn
ings of the past-but TO follow up the
present rapid decrease of the debt,
now being daily effected under the
vigorous action of a Republican ad-
We want no shipwreck in weather
ing Currency Point.
BI OUR NEIGHBoR, and his party |
generally are fond of figures and to