Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-01-18
Whole No. 1888.

-fbe hin holder. particularly the
loborar and the poorer classes were
nvariebIv the sufferers. Spurious
notes OF all denominations, swarmeu
throughout the land, imposing upon
the unVsrv. battling the watehiuine--
on the inexDerieneed, and sometimes
deeeivinQ even the expert. No desiet
could feel sure, from day to day that
his till contained all bankaDle money
OF that the bill ne received at par IN
the morning would not be at q as
count before night. All this i
changed. Currency has the SAINT
standard Of value in oregon as III
New York, in Florida as IN Name
COunterfeit detsctOrs are no longer 0i
use and have disappeared. No blII
holder fears he NAV lose by the failure
of any bank. Indeed, for the HIst
time in our financial history, the
notes OF a broken bank have com
manded a premium as being auxiliary
in the hands Of Other institutions 70
the securing Of additional circulation.
All the evils Of the old system have
vanished. A more complete, satisiae-
tory, safe and advantageous scheme OF
banking was never devised in TINS
country. 1t is a feather in the cap OF
the Republican party, Of which II
may justly be proud.
Another grand achievements OF Us
wise forecast aud enteTpTising spirit IS
our great trans-eOntinental thorough
fare, binding together two extremes
Of the Union bY indissOluble ties OF
reciprocal Interests. Arising, in tim
Of war, out OF the needs Of our militia
ry surroundings, it is invaluable as
means Of speedily. transporting troops
to our Pacific shore, yet Is no less Inn
pOrtant as a dispenser Of commercial
blessings. 1t is the forerunner OF an
uninterrupted tier Of States, extend
I ing from the Mississippi river TO Cail-
| foTnia- Already is the wilderness
l that intervenes beginning to be dot
| ted with towns, villages. settlements
and farms. Mineral treasures that
have for centuries laid undiscovered
in those far regions are coming 70
light and development. The school
master is abroad where lately bufia-
lOes herded or savages scaIped Ineir
victims. A journey that not long
ago required months now occupies
days. Civilization rejoiees and claPs
her hands on plains and in forests
where the Indians have hardly
ceased to hold their War-dalces. Ma
ment is making such rapid strides
amid those distant scenes, that even
imagination may not fear TO eXsgger-
ate the picture Of vanquished nature,
transformed landscape, teeming pop
ulatiOn and mighty prosperity that
will exist there not many years henee-
All these, too, are possibilities arising
from Republican policy reGueed 10
practice
While there are many other accom-
plishments to enumerate, We shall
. instance but one mOre-Our eompFe
hensive financial system, the creatlo :
of Republfcanism and the OutgrOWth
? OF Republican craftsmanship IL IS a
] monument of persevering lnYesuga-
/ ton, patient labor, fiscal skill ana
patriOtic endeavOr, unsurpassed u
/, grandeur by that OF any other coun try
! no matter how many years may nave
been expended in its erection. IL
: opened a way to remove the emDar-
I rassments connected with the eurren-
= rv the distrust Of the markets, the
: oppression and suffering caused by
/, high prices. 1t has banished the fear
Z OF D0ssible reputation. 1t has
!, strengthened our credit at home and
4 abroad. It has given us economy N
the machinery OF collecting the taxes,
y faithfuIness in revenue Officers, ifu-
z gality in expenditures and retrenen-
I ansDiees. fTsad has been feFreted out,
q speculation hunted down, embezZle-
, ment brought to justice, and defalea
: ton forced to disgOrge. We present
= the spectacle, not before seen IN mod
y ern times, OF a nation rapidly paying
, of'a stupendOus debt, and putting II
- in course of speedy extinguishment.-
- Our taxes have recently been dlmin'
! fshed some SSO. 900, 900 annually. Ou
- DuI,lie secu rites have been appreeia
ted to above par, even calling coin par
= The gold premium has dropped from
y an average of 40 to an average OF T.
= The purchasing power Of every papel
- dollar has been increased from IL
~ cents to s9.3 measured in specie
~ interchangeable values cannot be yer!
er far of.
Is Such is the partial record OF Onl,
lv ten wears past. From beginning 4
fe end. II is the work Of the Republieal
n, party. What other party would hay
e aecompIished so much within IN
of same periOd, under the same eircum
Of stances? What other party eOui
of have done better? What other part
.ts was imbued with and vitalized by tn
of principles and zeal indispensable {
e. the achievement Of such objects
er / Where would the country be to-day
en- the Democracy had had possession o
ty the Government during all thes
e wears? What would be the status o
O. the seeding States? How many mel
Is. would be owning property in humal
he flesh? What number Of slaye-penS
a. auction-blOeks and whipping-pOsi
US would there be in the South Wher
a would be the common schools now u
rd existence there, or the Out-spohei
r. newspapers, or the freedom OF though
or and speech, or the spirit Of Tree lnqui
in ~, or the growth Of manuIacs9rllhi
,r- industry, or the emancipation OF laoo
IN from the thraldOm Of prejudice? Afte
- all the blood spilled, the treasure
it spent. and the effort expended by th'
+ Republican party in achieving tn
nv ends enjoyed by all, what pledge
,e- would or could the Democracy give
il II placed in power tomorrow, tina
~ they would not merely preserve thes
M results intact, but would make then
he stronger, more symmetrical and NOR
is lasting? Judging that Organizatio
ess by its platforms, professions ana Ms
he tory, we should as soon expect lt Vol
Ne UNFAIRLY to do such things, as to sN
be- pect by planting brickba.s to gro
IA oranges, or by sowing sawdust to rea
OF wheat. The people cannot afford
if substitute the party OF promises 4
to the party of performances, the part
en- of negatives for the party Of afiirm'
re- tives. They know full well tn
raj although certain principles are en-
re- bodied in constitutions and laws, d
.te- Democracy, on obtaining authorit
raj would forthwith proceed to undo s
lev that had been done. It becomes ne
ing essary, then, 10 keep the Republics
eir party in possession Of the Cover
ce. ment, if for no other reason than
of prevent the reversal Of what q
.ol- voting masses have indOrsed aga
bic and again, and stand ready 70 reiI
.eir dOrse as often.
lgh But il has another mission besid
led that Of conservation. Its finance
ed, work, though already 50 rich
9th results, is little more than begun.
so has vet to fund \ great part of Il
in public debt at lower rate Of interes
ave The problem of resuming specie pay
for ments is getting 10 be a practical al
as practicable question. More burdeI