, 1874-12-19

From the Fort Wuu,e tfnd.l Sentinel
For calm. dispassona.e, really ;philoeophic
statonioDt OF tho situation, commend liz to tho
Globe, littlo evening daily published in 1ndian-
apolie. ln treating on Questions of finance 1t
ia somewhat more rabid than James Buchanan.
Hero ia q chOco specimen: ''lt seems infer
md foreign. tour;ahcd under tho sreonbaclt
regime aB thcy never had bofore, that unluss
nnccio payments aro resumed the buhlnoHa OF
tho country il going hoad!ong to the devil. It
IL n mnttor OF history that thero ,7as more ship
United States. Notwithstanding the exatonco
of terriblo war, between tho years 1864
aud 1869, than waa oyor known before.
And yet. according to tho bondholdera and
their 1nouthpiece, tho Prcsidcnt,-the currency
III tluctuatin(,, aud therefore uuslto to hold for
legitimate transactions requiring mouey. That
lust clause is unusually rioh." Incredible LII it
may aoem, aucn idiots as tho writer Of tho above
extinct aro doing iucalculablo harn,. Thoro are
have no time or opportunity to inform them
solves Oh this question Of finance, and therefore
gulp down without protest anything and any
theory, however n,onatroue, provided that 1t
Seems TO chino with their own dc8irea. Tue
editor OF tho Globe has either Intentionally or
through Ignorance made ovcry uischievoua mis-
statement. II dit Ia q matter Of lietory tllat
there was moro ship-building in tho country :"
during tho war tlnn was ever known before, 1t
If also matter Of history that somehow that
shipping hna all disappeared now. But tho
major proposition IL untrue. Tile slip-build-
iuK carried on during the war WAS for war
pusposes only, and the Hc.ivlty it, that
branch Of industry vas fur froin being sign Of
prosperity. Ihoao slips wole eunstructcd for
tho solo purpose Of dnatroylng lifo aud property,
and whom thelr fatal mission Ind been accom-
pliAhea they wero abandoned, mud now tney lio
rottlng aud ruatiug Mt tho various nayy-yar1s of
our shipping? At the beainniug OF tho war, md
at the end OF q long ern Of Specle-bAala money,
b6foro the inostlmabto hlcBaIngH OF grconbacka
| hld boon enjoyed, our commercial navy por-
| all that trado has boon surrendered 10 Engliah,
| Trench, md GormAn vesBcl6. It docs not appear
That under the 'bonotcent rogiuo OF tho groom
back-n1oney system that anything haH boon aone
since tho close Of the war to rostore cur navy to
lis ancient atatuu. This culpanlo neglect
on the part Of tho Administration las
boon rs often aud rs severely criticised aE
any other feature Of iss mis1nanagemont. The
| CAUSE iH not diillcnlt to tiMd. 1t is that Of all
iredetnsabta aaoaey and Il aenAeloss Hyste1n Of
high protective tariffs. Al mal mentioned III thiG
paper a. day or two since, tho high rates. OF "pro.
tcctlon on stip.bullling materials, togcthol
With tho high pricoa Of labor induced By a fals.
currency. llnyo made it impossible to compete
build atipa. Our navigation laws forbid t4o pur.
ollaso Of foreign yeHaola, to the end that holnt
prouctlon may 10 stimulated. 11enco wo cult
| not buy. GreenbAcks aud protection hayo Hwepi
OAf HCUtd 1Fuul L4lo uakA sens QH ellGC[nallY hl
the breath Of the Lord Hwopt away Sennacha
rlb'H hoat. AL THU Is "matter u1
ntrango.' Whut Was tho nature Of uurt
"grcator foreign traG!o" during tho hey<lay ol
tho ''iluah times" OF tho war; The purchase
Of arn,s and munitions ol VICE for which! we paid
out gold. Tlis wan thu enormous .ral'ao which
"malo thugs lively" and udded to tho pros
pcrity Of sholay contractors at tho expense o.
lha capital which tho pcop!e Of tho nation het
for half contury bccu boarding up. This VII
lonous misrepresentation 81 facts, this Hubstitu
trick Of the rag-tag money advocates. Some d
tllanl 1ise 1t merely ia political engnot whit
othora hAvo not tho intellectual discrimination Il
doiect ito fas!acy. Tho suthor OF tho paragraph
quoted abovo halongH, wo hayo tho charity t.
believe, TO tho ]attor ciaBs. Ho does not intent
to uillfuly mtsrcpscsont. but tho spr!t OF An
pniAs IL certainly striving nightly with him.