The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1872-07-26
Greeley and Finance.

The bare possibility of Greeleys
election. and the adoption ofhis crude
and contradictory theories Of finance
is creating widespread alarm il. the
business circles of the country. Com
mercial values, so violently disturbed
during the war, have for several years
been settling down to a fair and per-
manent basis, for it has come to be un-
| dcrstood that the constant and grad
ual reduction of the public debt, With
a view to the resumption Of Specie
payment so soon as 1t can be under.
taken with safety. is a part of the fixed
| policy of the nation. With these facts
| before them, men whose means are
| embarked in legitimate business en-
| terprises, in manufacturing and COM
| mcrce. are 10th to invite the financial
| disturbances that would inevitably
| come with Greeley's accession to the
Presidency. -
The opposition to the coalition tick
| ct from this quarter is ASSUMING AIDE
| cided and formidable shape, and allc
leading commercial and financial jOuf-
| nails OF the country are, giving voice 10
| the united sentiment Of the thinking
portion of our business men. The
New York Financier, an ably edited
aud widely circulated paper, published
| in Wall street, does not fully agree
| with Mr.. Boutwell, in his financial pol
| lev. but, when presented with the al
| tentative of continuing 1t for four
| ycarsIonger or taking Greeley with
I his crude and nonsensical notions Of
finance. so full of his characteristic IN
constituencies, il does not hesitate to
pronounce in favor of Grant. II re-
CARDS tireeley's plans for paving the
| debt aud rcsumimg specie payment,
which lie Ia: urged with such 6persis-
tency in tho Tribune Tor several wears,
rs being about as absurd as his war
| policy in 1861, when he was believing,
"On to Richmond" In answer to
Greelcy's declaration that the govern
ment can ssfcly resume with xSS, O0O,-
900 gold in the Treasury, and 1887.
00O. 900 of legal tenacr outstanding,
| and that the ..run" for redemption
would be only spasmodic and tempo.
rary, the Financier says: .On the
contrary, the redemption would DC
spasmodic and temporary, and among
the crowd b~esicging the Treasury
door would probably be found these
very people. Sundry business mon
resumed some months ago, paying
silver in change. Us an advertising tic
vice: and the silver was sought. be-
cause everybody knew that it would
not return to their lills. lfthe Treas
ury should resume there is no belief
that it could continue to redeem; hence
it would shortly be forced to suspend
again"
But besides its objections to Mr..
Grecley's specie payment notion, the
Finance expresses the belief and feavs
of thousands Of honest Democrats
when it SAYS that his election would
result in foisting into Office crowds OF
camp followers, very hungry from
long-enforced abstinence, that will
Guido those now in possession OF the
leading places if possible" The good
nature, simplicity and open hearted
ness of Mr.. Grecley's supporters speak
in such enthusiastic terms, utterly
disqualify him for resisting the i'm:
pOrtunitics of these h~alf-starvcd
hordcs of a~dvcnturers, and n distri-
button of the federal patronage under
| his administration would be the most
perfect travcsty upon sivil service re-
form that could be conceived. Wise
men will agree with the Financicr i'll
saving that, while Greeley may not
sullv his own fingers with theft. he Is
nevertheless "co%nsenting unto' much
in others, and that while he may have
scruples, his political bedfellows have
none. but are about as bad as a be.
I-MO. Dem. H' ~