The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-10-19
Grant and Gold.

Grant ana Gold.
The gentleman who claims to have inter
viewed Grant makes that worthy man cay
some dreadfully Democratic things. He even
Thought strongly Of favoring return to
gold currency. He also seemed to be quite
exultaat I'm view Of the heavy blow dealt to
wild. cat railroads and hoped they would
never get over it. AL that came in very |
handily just on the eve Of an election In |
Iowa and other parts Of the West where |
the Changers abound. How amiable people
can be on occasion, and when it don't cost
anything! Let us see If Grant will enter
tain the same opinions when he goes to
write his message As people ought not to
be judged in advance, we must wait for
events to decide the question. =,
But If the President writesshis message
in that spirit, he will indite the epitaph Of
his party. We speak not of the Republi-
can party proper, bot Of the Grant party.
This, strictly speaking, is not political
party at all. It 10 great speculating ring.
Its chief hold on life is the difference be-
tween gold and greenbacks, and Its
next 10 the chance to steal and swindle
in bogus railroads. If gold becomes the
currency, and the railroad ring In Congress
is dissolved, the Grant party will have
nothing to live on but the protective tariff
in Pennsylvania and carpet-baggery in the
South. The Republican party will have to
repudiate its present standard bearer, unless
he comes out boldly and himself repudiates
the shameless gang Of plunderers that have
dared to call themselves . party and have
claimed him 40 their head. It will have ia
put forward man who will do honor to ita
principles and not cover. 1t with Disgrace
by making it q mere machine for dishon'
esty and plumber on y national scale.
If Mr.. Grant has been made an innocen
instrument of by designing knaves, ant
the mere figure head Of q clique which h
did not understand, then we shaN be as de
: lighted as any one to see him final
: awakening to a knowledge of the truth
j The truth is, as he is reported to have pu
1t, that stable prosperity 10 incompatible
: with paper currency irredeemable
gold. ..., ..y
The reason of thisjs very apparent, viz
that the currency Of country ought
contract or expand prscisely in ratio wit
10 the contraction or expansion of its bus
D ness. Now the business of this country
70 increasing every year In an enormous pr
10 portion, yet its paper currency remains Il
10 same. Indeed il would be impossible f
" human wisdom to foresee the exact nee
~ of commerce 90 as to properly gauge Il
W amount of currency that would be require
But If . country has gold only, as
OF legal currency, then IL 10 in for cornmur
1t cation with the whole world, and Its Gu
~ rency viii contract or expand in exa
o. ratio with the amount Of its busine
OF Gold, like the waters Of the ocean, will
I'M ways take its own level, but an artifici
cd currency IL like m artificial pond, Of viii
It men can change tho level BY widening
mt narrowing it's limits. u.- 49,
no AZ long % such o currency exists the
as. must always be violent fluctuations in
ly value, arising from its relative scarcity
is abundance, with no elasticity of its own
which to adjust itself to the demand. G.
me Grant 10 reported as having at last come
If the knowledge of this truth. Let us he
in that the longer he thinks about it the nj
IN plainly he will see It. Let us hope that
lily will embody it In his message in such Il
the guags"as to insure the wiping out of t
ore stain upon our national reputation, pa
os- currency not convertible in gold. S.
'eir thing may be jdstiGable sometimes II
oes state Of war, when nation is VIRUS
nee bankrupt, but in q great, rich and prosE
not ous nation lie this it is dishonest.
,di- -: -
'ri- The Saloon Nuisance.