The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1874-07-31

menis. Such an effort now would prob
lnbly produce widespread commercial
disaster. a congressional declaration
cannot make the paper currency equal
10 gold in value. 1t cannot make my
IIbank note worth as much as your gold
ldollar. The business of the country
lalone can do that. When we find the
lcoin of the country Increasing, then
We may know that we are moving in the
direction of specie payments. The i'm
lportant financial question is: How can
we Increase and make permanent our
u supply of gold? The reliable solution
Is by increasing our productions and
thereby reducing our purchases and in
lcrcasing our sales abroad. He can read
lily obtain money who produces more
than he consumes of articles that are
wanted i'm The market. and / suppose
that is also true of communities and ma
ltions.
How can the republican party atone
to the people for its evil policies which
have driven gold from the country and
rendered Il return to specie payment
more difficult and made its postpone
ment inevitable! That party has exert
ed all its powers TO make our debt "A for
cign one. and for that purpose aud TO
HAT end has established singular reIa-
tions between our government and n
European syndicate. or combination of
banks, giving great advantages in the
arrangement. Now, every pay day, large
sums Of gold are sent abroad TO pay in
tcrest coupons. The red blood flows
\ from the veins and arteries of the coun-
ltry. | believe il would be better for the
country To pay fourth or third larger
lper cent. upon our bonds to our own
people than to foreign holders. ireland
was made poor by her landlords who ex-
pended their rents abroad. Cheap
Chinese labor eats at the vitals Of our
prosperity on the Pacific coast, 80 long
as the wages are sent back in gold to
China. The farmer grows poorer every
Il ear who returns no nourishment TO his
fields
TIE FXrogTATIoN OF GOLD.
Our foreign trade has been largely
against uS. The difference between our
exports and impd4ts has been supplied
in interest bearing securities and coin.
lTlis great and constant drain upon our
gold has contributed TO the depreciation
OF onr paper currency. Six years ago,
at the commencement of the gubernato-
rial contest ! had OCCASION 10 speak up
on this subject. then said: 1--WE can
not N 'ct one dollar OF foreign indebted
ness with our paper currency and, tli re-
fore. when the balance OF trade Is against
us II is constant drain upon our gold
aud silver. How long can we endure
this without financial ruin? And when
can we return to n specie basis. III the
specie he constantly Withdrawn? Our
reliable rcinedv j. ia an increase Of pro-
duclion. especially Of those great staples
That command the foreign markets. -
Then the specie will low 10 our shores
in payment for our productions; thenl
we will sell more than we buy; aud
then our financial difficulties viii rapid
ly disappear aud we will soon stand on
"A specie basis" Cotton and tobacco are
the most important staples in our cx-
ports. at sometimes exceeding all other
commodities. Since the close of the
war. it has been The suggestion OF wis
dom 10 encourage their production inl
the largest possible quantities. rs it has
been the dictate OF humanity. chris,iaui- |
~ and patriotism, TO promote reconcile |
alton and harmony between the sections. !
But political and partisan interests have
been made paramount to humanity and
the welfare of the country. Fad gov
ernmentS have been established. aud as
far a. possible maintained in the South.
Intelligence aud virtue have been placed /
under the dominion and servitudc of ig-
norance and vice. Corruption has borne |
sway: public indebtedness has become
trighilul. and taxes too heavy TO carry. !
and development crushed aud enterprise ,
manacled. In word. il has been tho I
Of hatred and all this that
a party might bear rule. Are not Nir-
ginia and Tennessee and Georgia and
Texas green spots in the South. And
why? Because they were able to throw |
or the horrible despotism before their
utter ruin was consumatcd. Who. to- I
dav, would buy lands for son or Gaught-
cr in South Carolina or Louisiana For
the good OF the whole country, | would !
rejoice TO see prosperity restored TO the Z
] nd of the sugar cane and the cotton
plant. As said in the Senate, would I
have the whole country aid IN restoring
the levces that held the mighty river ia |
check. and reclaim the country from In
undation: the country that Jefferson ac-
quircd; the lands that the people fought
for rather than surrender.
I'm increase of 20 per cent. In The pro- |
ductiom of our great staples would turn
tie balance Of trade n our favor and the !
current OF gold toward our own shores.
and contribute to an early resumption |
a. al