The new Northwest. [volume] (Portland, Or.) 1871-1887, 1873-01-17
NUMBER 80.

I the majority, counselling only for itself.
and has since, till this day, overshad-
owed all other voices and control.
I To-day we see the legitimate conse-
quences; every fibre strained, the very
nation trembling and no visible safety
/ in the future. The foundation being
wrong and wholly unsound, all the diff
ferent parts and Outgrowths are untitled,
unsuitable and unbalanced-making
certain that i'm the absence of a Radical
change the whole structure must come
tumbling down, carrying
THE REPUBLIC WITH IT.
We find the Government cropping in the
dark, guessing and gambling, to-day
expanding, tomorrow contracting; one
Congress increasing the tariff, another
decreasing. Again eXempting ship
building materials from taxation, TO
find that scheme utterly useless. One
set clamOring for steamship subsidies to
be supplied by the sweat and toll of the
labOring masses. All business enter
prises subject to be legislated to ruin, or
inflated for the benefit of the few.
Again, because of this
HIGH RATE FOR MONEY,
established by the Federal Government,
Sovereign States are compelled to revise
their laws, affecting the relations of
borrower and lender, while railroads are
constructed with money and loans at
ten to fifteen per cent, thereby entail
ing corresponding higher rates for the
| transporting of men and merchandise,
thus clothing our very highways with
oppression.
These things are educating the
masses, and not only filling them with
dissatisfaction, but permanently alien
ating that wholesome reverence and
respect for our Government and institu-
/ tions indispensable to the peace and
prosperity and existence of free Govern
ment itself.
The present individual and collective
suffering of the moderately poor, to say
nothing of the very feeble, has had no
parallel in the United States for twenty
| five years. l mingle much with these
classes, and speak from personal OBJ
servation. Is it, therefore, surprising
that conflicts between capital and labor
should mark the period, or that discour-
agement, desperation, starvation, sui
eide, robbery, murder and arson are so
common, or that plague and pestilence
should follow?
/ THE REMEDY.
Do you ask what can, what ought we
to do? / answer again, begin with
the finances. Here is our first and
greatest evil. Let Congress pass a law
creating two thousand millions of 8 pei
cent, or 3 65-l0O per cent. consols, or, as
we call them, bonds, convertible anC
recoverable into legal tender eertif
Gates of value, stamped, coined money
made of paper, corresponding in denOm
inatiOn with our greenbacks. Sci
these bonds, and pay off in this none,
(Or as best we can, no matter how, so ",
keep faith with our original contract
all other United States bonds. Here
meet the usurers squarely-go to tn
usurers, give them the true argument
to prove the absolute justice and tru,
wisdom of it, and the party which lead
in this direction will be the real Demo
cratic party, whose power in and con
troll over the Government will come
just as fast as come the elections tC
make opportunity for change. And
to stay any further false step, we should
by all means prevent Boutwell, from
selling or converting any more of OuI
existing bonds for idle boarding in
Europe. We require them and many
more at home for our own use when ex-
changed into the 8 per cents.