The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1873-10-10

:. 40 HoL "ails 70 deposit lt, bat Keep J
y N the safest place they have got, Wit
y perfect certainty thas il rs go1I 10
!, The last cent It promises to pay. WHY
my couatrymen, there are Old mel
: around me who remember back t,
= those times iu 1887, 1S47, and 1857
+ perhaps some can go back to 1915
my iflend here, over the way, says h
can--m 1916, when a panic came !
e those old Depoerauc times, what wa
the result: Every dollar of none
In The pockets of the people was wors
than useless rags. The money wa
: the first thing to 20, ard it was no
worth anythiug.a Then, under Demo
oeratlc policy, the loss fell upon tn
! people, tell upon the money in thei
( pockets. Nov, with this Itepdblioar
currency, no man can possibly lose +;
dollar. Jsy Cooke may fad, CIssg,
may iail, every national bank in the
whole land may tail, and yetthe green,
| back and the bank note are secured
by bonds in the Treasury Of the
United States. They are secured BY
the peoples property, and aA the
wealth OF the coUngy must be ex
hausted before man eau lose a. .dellar
on his gIeelbacks or. dollar On. his
bank notes. That Is Republican mon.
ey. Now, my teliow citizens, what
was The cause of that panic ? No
more patriotic and no better men ever
lived than Jay Cooke IL Co., take
them either moraIIy,r socially, or in
any other way yoG choose. They
were high.minded, patriotic men. They
did service to their country in time OF
war. But they were too sancuine.
They thought the Northern Pacific
Railroad was kind OF railroad to
heaven, 1 guess, laughter, and they
wanted 10 build it through. Wen, nv
friends, it was a bad iny estment, and
the whole panic through which we
have gone in the last week or two has
grown out OF the enterprise Of bank |
.ers and business men Ia investing
large sums OF capita! in unproduotiye |
railroad property. That is the whole /
secret of it. And yet during an this
time these banks have not failed be.
cause they were insolyent. They tail. |
ed because they could not realize cur
rency upon their property and now,
when their statements are being ex-
hibred, It Is shown that all these banks
have assets to pay every dollar OF their
Indebtedness. Well, now, my friends. |
when panic comes--nnd panics viii |
come at all times, they came in ses
sons Of prosperity, they come in sea
sons OF adversely, they come as the
thief comes at nIght--still, quiet; the
most saSacious man cannot tell when
panic comes; il he could It would |
be a great fortune for him. When a
papic comes, it comes ali III once, and |
the people are alarmed everybody
suspects everybody else, and in those
times there is no way whatever ex-
cept to pause q while, rehsct, consider,
be patient, careful, husband your re-
sources, and then go On again. And |
that is precisely what is being done
now. 1 entirely and heartily approve
of the course that has been adopted
by the national banks in the City OF
Cincinnati, and In other cities, in
which they have made kind OF quasi
suspension, refusing 10 pay on, the
great mass Of their money to their
de2o.itors That is all well enough.
Public opinion will sustain the banks
in doing this thing; but they must
remember that they have correspond
mg duties to perform TO The people.
A bank may, TOR its own protection,
and to advance the best interests Of
the public at large for time, decline
to meet their fuil oblIgatiohs, but Ii
they do they must be careial to do all
their just duty to the public. They
must see that DO pay roll is stopped
tor want OF money to pay. They must
see that no man who has money due
him fox labor shall 20 hungry TO bed.
They must supply currency, and the
very moment the panic subsidies they
must resume payment, dollar for doll i
ar, and pay every check that Is hon ;
sstly presented if it is Properly due,
thank God I can see, although not
. prophet, that tie sky Is cif airing. c
The panic is over, 1 trust. No doubt e
{ is injuring some here aud there, In I
lieting some damage, but, my coun-
.ryInen, we must be prepared to meet
.hese periodical panics. Tae beauty
,t this panic, after all, IS that 1t has
rot hurt the people, the laboriug ,
masses. The old panics aid Nov,
he men who suffer are the high bank .
ers, the wealthy men. The peoples /
money Is in their currency, the meas. i
1re of their daily toll, and IS long az ,
hat is good they can laugh and grow ,
at. ! say, then, that the Republican
Party, IN tie management Of your !
financial affairs, in gradually reducing
he public debt, IN gradually reducing
-axes, in furnishing you with national
tanks instead Of the old State banks. I
IN giving you greenkacks--for these
rs well as for abolishine glay
cry, and saving your country and
putting all men on an equal footing,
las deserved your gratitude.
Fellow-citlzens, there are some de-
iects in our banking system that 7 will I
mention The first Is, that a green
back, although mighty good, IL not
quite so good as gold. Now | never
will be content myself until the Re
publican Party make every Go.iGr OF
greenbacks in the pockets Of .aboring /
men a. good as the bes: gold coin
that was ever coined. know the
people and bankers sometimes say j,
IS going to contract the currency, but
that is all humbug. II is ike Judge
ThurmGn's speeches. We can 90 bach |
TO specie payments; we can 90 back
until our money Is equivalent 60 goiG
and silver coin. and then we haTe the
best currency in the world. VIII not
debate this difficult question; bat ] /
tell you, nay countrymen, whether you
are Democrats or Republicans, that
the people.ot this country ought never
TO cease to agitate this question until
their money IS as good as gold, and
then they are on sure rock, and
eternal foundation. In all ages and
in all countries is has got 20 be an
axiom in financial matters that gold
sloue is the standard OF value, and the
planetary laws that govern TIE universe
are not more fixed and absolute in
their sway than that law which de-
mands thai everything shall lie meas
ured by the god standard, aud the
very momeut you make your paper
money as good as gold com then You'll
have got currency that you may i've
by, die by, and leave 10 Jour children
and widosswitaeqt lear or favor" |
--r STAY AT TIE POLLS. |
Let the Republicans in every town |
Al 4. -.