The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-09-24

To say that the financial ruin of last week
was all owing to our deprecated currency IS
very easy but not very ''fillng" explanation
of it. 1t is a good deal like attributing CEN
tralization and political corruption TO tue
war;" The reasoning in both cases Is aDso-
lutely correct and sound. and so IL would be
if we went back still further and attributed
all these evils to the unfortunate navigation
of Colu nbus.-Sprinsf Id Republican.
Why dispute the wholesomeness of boiling ?
1t is the process By which the chaff is separat-
ed from the fine flour. 1t is the bolter that
gives us purity and leanness as we'll as ca
pacity for cohesion and for making good leav-
en.-BOstOn Transcript.
morning paper whose nights are made
hideous 10y dreams of C@sarism has under
taken the mathematical feat of drawing a
''parallel between England under Cromwell
and tie United States under Grant" 1t
ought TO set out with its definition of paral-
lels as lines as far apart as you can get them
with mott ing at all in common.-N. Y. Mail
The President has avoided the establish
ment of a bad precedent, and has distinctly
left spectators to the consequences of their
own acts. Had he yielded now, he might as
well do so a dozen times year. Government
has other functions to perform than to re-
ieve a sick or phrenzied community, drunk
with its own chosen excitement.-CommeT-
ciGi Ado.
We commend to the consideration of wives
whose husbands ego to the LODGE" Mrs.
Buddington's chidike confidence that her
husband would return from the P0ldriS
cruise "just when he said he would" 1t will
go very far toward inaugura ing new era in
night Commercial Adr.
According to Worcester correspondent OF
the Chicago Tribune. General Butler said to
delegate just before the opening of the Con-
vention: Il ought not to have run this year. 1t
was bad judgment. but the zeal of mine enc
my hath eaten me up" After the conven-
ton he said: ''Grant dare not fight me any
way. My seat is secure in Congress, and
eau go back there and make motion to can
Gel the back-pay measure and carry it. / nev-
er needed the back-pay, if the Presi lent did. "
1t is possible that a momentary yielding to
the legal tender delusion may cure more
miSchievous delusion, with a very moderate
application of the promised relief The i'm
mediate effect of issuing more greenbacks.
cannot possibly be mischievous. The mischief
would result from keeping them out of en-
Dloyment in business after the crisis is over,
and against this the most effective precautions
All classes, excepting the spectators would
be benefited by stable currency, and there
need be no fear of a crisis or financial de
preston in reaching it. The prudent and far
seeing action of the Treasury Department in
reducing the debt and strengthening our
credit, the vast increase of production, never
anything like so great as to-day, and the gen.
eral business health, secure us against con-
tinuance of mOmentary panic.-N. Y.
Times.
The simple fact is, and it is not worth
while to lose sight of it, that this disaster
which now overwhelms the business compu-
nifty is one which very many people have been
experimenting for the last eight years. That
it must come sometime has been considered
as inevitable as that death is the end of all
mortal life. Considering the subject in this
light the question is whether. now that we
are face to face with this inevitable calamity
we had not better meet it like men and take
the consequences, whatever they may be, of
the vicious system to which the nation has
been subjected for the last thirteen years.
The score against the seeming prosperity of
the country has to be wiped out some time or
other, and now that the day of reckoning has
come we had better wipe it out and make an
end of it.-N. Y. Post.
The st. Louis Democrat thinks the most
general disposition of the back-pay is the dis
position to keep it back.
The individual WHO is Liberal Republican
and don't swear about il and make the stu
alton uncomfortable for everybody, is a
smooth-spoken hypocrite, with well-devel-
ped tendency toward harmless but unconi-
Portable idlOcy.-R0cheSter Democrat.