Democratic enquirer. [volume] (M'arthur, Vinton County, Ohio) 1867-1873, 1871-09-13

ten thousand dollars n year,
apiece, Of the peoples money.
Money goes good way in pol
itics it is a great power.
The Democrats who have
been out Of power long time
know this very well. They
know, how hard it is to get up
political meetings, pay the
expenses Of speakers coming
in from other portions of the
country, and pay for speeches
being published and distribu-
ted. These seventeen hundred
corporations pay back to the
Republican party in political
support for this money that is
stolen by the Republican party
from the Treasury of the Uni
ted States and given them.-
Applause.
RATE OF INTEREST AND BUSINESS
PROsTRATION.
| said in my Columbus
speech, and | see il is denied
by these Republican speakers,
that interest is as high now as
it was in 1865, nominally. Am
| not right in that -? | think
| am. 1t is the information /
getlat home and -everywher i
go through this country. Try
to borrow, and see if you can
get money cheaper than you
could in 1865. 1t costs from
eight to fifteen per cent.
| want to notice here point
which Mr.. Medill made in his
Columbus speech. He says
that money is plenty, that there
is a great plethora of money,
the country is filled with it, and
that it comes from reducing
the quantity of money. He
says there is now a plethora of
money and low rates of interest
at the money centers. Con-
tract the currency a little more
and it will rise to par value of
gold. Interest will fall still
lower and money be still more
abundant. That is, the less
rain there is the higher will be
the creeks. Laughter. We
can all understand that argu-
ment 1t is a very plain prop
csition. There is plethora of
money at the money centers.
Y es, that is it.
You 60 along the stream af.
ter a great drouth and you will
see plethora of water in all
the little rills, stagnant and
covered with scum. Is that a
sign that there is an abundance
of water ? No, the sign of
abundance is when the bed is
full and flowing and no pletho-
ra anywhere. They have con-
tracted the currency until all
through this country all the
little businesses depending Oh
credit have been destroyed be-
cause Of high interest.
General Morgan told me
that at Crestline a gentleman
by the name Of LOSING, who
has a white lead factory there,
and who has specially good
process for manufacturing it,
told him that he could not in.
crease his manufacture Of white
lead, although it was a paying
business, because he could not
get money at less than twelve
per cent, per annum. The
money goes off to the money
centres, where it lies idle. 1t
lies piled up in Wall street,
where Mr.. Medill sees a pleth.
ora Of it. Let him 60 the little
veins and arteries of business
and see whether they are full
and flowing. That will show
whether money is plenty
That is the place to go, and not
to Wall street, where it is
gathered for the purpose of
speculating on the ruinand dis
aster that has fallen on the
business of the country. Zap.
plause,
| wrote to a well.informed
gentleman in Cincinnati the
other day, and asked him how
business was there, and he says
"the iron men have been out
Of employment for several
months this summer, but are at
work now. Stone cutters, car
penters, brick LAYERS. etc. have