The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1872-08-02


have been given to the public" DC.
Why are the rest supplied2 If call
of them were private" and the seal
of privacy was broken on part,
why not on all, unless those not made
public were of the character claim
ed! Fact is, the Republicans can
not be denied.
The REFoRMERs.-Th Liberal
Republicans are reform party and
the Observation-Disclosures
are a Reform Party, in their own es-
timation-a very liberal reform par
ty. They declaim against the pres
ent administration declaring it ex-
travagant beyond parallel; and they
want the privilege of running the
concern for a four years to show how
it can be done cheaply and properly.
The way they propose to do the
thing (vicde FentOn) } is to reduce the
volume ofcurrency from five to three
dollars for one in gold, so they can
get nearer the gold basis As the
volume Of currency is about ten hun
dred millions, this nice little process
would only deprive the country of
four hundred Millions mere trife,
you know, and not enough to embar-
rass anybody. Then, as another
step in the way of reform, they pro-
pose to sell the gold in the treasury,
and then, as "the way to resume y
according to Horace, sis to resume"
post up a notice over the Treasury
and say "specie payment is resumed
and the matter is settled and every
thing is lovely. The idea is quite
consoling, but unfortunately is
hedged about with difficulties which
such an idealist as Horace, is not
apt to consider.
In the growth of communities,and
extension of business, their wants
become greater, and the necessity to
supply those wants imperative if
you would produce prosperity. The
individual who would insist on feed
ing, clothing and sustaining COM
munlty of 10000 on the same
amount of wheat and potatoes, and
corn, and clothing and shoes, &C.,
which was required ten years ago,
when the community consisted of
10000, would very likely be consid-
cred slightly original, or eccentric, or
unreasonable, or possibly fool; and
if he undertook to do it as specu-
lative venture, would either be out
of pocket, or produce famine, misery
and squalid poverty. So ofthe man
or party which would limit the wants
of the business world to-day, and
especially Of our rapidly growing
country, to the amount of currency
necessary to sustain it when its bus
mess wants were only half what they
are now. They would produce a
famine in the money market, poverty
and ruin in the business life of the
country, and squalid misery
in social life. 1t needs but
glance at the growth of business in
the last decade, to assure any one
of this, "and the way-faring man,
though a fool, need not err" in re-
gard to this matter. 1t is simply
to do, without involving
the country in ruin. Yet this, we
are assured by Horace's mouthpiece,
Fenton, is what the Liberal Repub-
lican-Democrats propose to do.
1t is but a few years back, when
the premium on gold rose and fell,
as the sea waves, at the option of
Wall Street, and the cost of COM
fuctuate with every vari-
ation' of gold. The currency was
unreliable because of this constant
change in the gold standard, and fail
ures in business circles were an ev-
cry day occurrence. 1t was an en-
igma to politicians and political f.
nanciers. Congress dallied with the
matter, and numerous plans were de-
vised to hasten a return to specie
in order to give stability
to the currency, and prosperity to
but the more they vexed
their souls over the matter, the more
it didn't improve. The practical
sense ofSthe country said
let it alone, and go to work demon
the ability of the country to
meet its obligations; reduce the
the debt, inspire confidence, break
the power of Wall Street; the bust
ness interests of the country will
then regulate themselves, and the
currency become reliable. And so,
in the process of time, there came a
man in whom was embodied the
practical wisdom of common sense;
the work of paying off the public
debt was begun at once, and has
steadily continued ever since; and
IS confidence was begotten and the !
gold reserve in the treasury grew in |
bulk, gold was thrown upon the
market, that they who needed it |
night buy, and the operators of
Wall street began to see the hand
writing upon the walls. The prem
um upon gold declined, and the cur
'ency appreciated in value until gold
cached a lower point than it had
een since '61. The power of Wall
Street was broken, business became
,rnsnarnns- and hnsinass men cnuld