The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1874-09-04
No. H..


tr~- congress. therefore. fixed the linn
II OF SreenbackS at the amount already
issued. S5o2. oun, GOO. authorized a trans
Ter 81 bank note currency of So aaO
"uu from the Eastern 10 the Western ana
Southern SJateS n rapidly as reauir4d
by the organization of new banks and
abolished reserves on bank circulation
AS general rule the banks will nm
dOubredly keep the reserve. notvith-
standing. but in case of great demand
Tor money. the Strincency can be reliev-
ed by the Use of over S5O. 900. 900 so re-
leased This is fair compromise of
conflicting opinions and interests. and
gives repOse, security. and hope to the
country Ii iS a new proof that the
Republican party can be safely trusted
with the currency interests of the cOun-
try. And now what security can the
people have in Democratic financiering
or currency theories. No man could
tell what would come of Democratic
success. One extreme demands unlim-
tied imitation and the destruction of ma
tional banks Wind up the banks and
nearly Il thousand millions of indebted
ness must be paid to them This will
require a general settlement of all debts.
The fruits of Democratic victory
would be bankruptcy and ruin. Con
-,reSs. by the act of March 3, 1878. in
creased the salaries of its members and
some other officers of the Government.
Ii was not the work of any party. The
Republican party is not responsible for
it, because no one of its Conventions
ever sanctioned it, but they did demand
its repeal.
The law lived ten months and nine
teen days only, because Congress was
not sooner in session to repeal it, In
fcrty-fOur days after a Republican Con
greSS met, the work was done, and more
than million Il year thereby saved to
the Treasury. y Republican Congress
met the Just expectations of the people
was not in Congress when the SaIa-
~ bill passed. but | voted for and spoke
for is repeal. did not receive a dol
lar cf the increased salary under the
law. took pay only at the old rate,
and at ti," opening of the last session
of Congress. covered into the TreaSu-
ry tie excess due under the increase. 50
that it should not stand to my credit on
the books of the Treasury, and so that
IT could never be drawn thereafter.
The Republican party in Congress has
done and p opposes to do more TO secure
thr interest OF farmers, mechanics and
IahorrrS. than ever did the Democrat
ic party. The greatest of all our indus
tries i agriculture. Ii should receive
the cOnSiderate favor of Congress and
the whole country. Nearly 5000, 600 of
our people are engaged in agriculture
Their annual product is over :, 500, 600,
900. They produce 800. OO0, 600 bushels
Of wheat and rye; 500, 600. 900 bushels
OF corn, 800, 600. 600 bushels of oats
and barley. 5000. 900 bales of cotton,
and they have 81. 600, 600 head of sheep.
They want for this Il good, permanent
market. For their surplus they can
only look to Europe, the New England
States, and the Southern States.
From 1860 to 1870 the average annual
export Of wheat was only %, 400, 900
bushels, and of corn only 9, 400, 900, a
drop i'll the bucket" We cannot rely
on Europe for Il market. Our great
market is at home. In 1870 the New
England manufacturing States cOnsum-
ed 100, 900, GOO bushels of grain more
than they produced.
In 1871. Georgia, Florida, South Caro-
lima. and Alabama produced of grain
57.3lj, 600 bushels, and consumed 104,
J2l. 40. Here are our markets. But
in 1871 wheat in Iowa sold at 80 cents
"a buslel; in South Carolina, at 500
Corn in Iowa sold at 23 cents; in FlOri-
da, AT Sl.U0. The difference was con-
sumed by cost of transportation and in
termediate charges. These high charg-
es forced 5000, 900 acres in Georgia,
South Carolina, Florida, and Alabama
into grain raising, which should have
been in cotton, producing $500, 900
bales, and adding 10 our exports $500
600, OOU, To return in coin, and hasten
the resumption OF specie payments.
With sufficiently cheap transportation,
these acres could be cultivated in cotton
instead of grain, and Il vastly increased
demand would be made for our North
era agricultural products. Every tlOl-
lar paid for transportation comes from
the producer. Two years ago the Pres
ident, ia advance Of all others, called
the attention of Congress to the subject.
The Senate appointed a Committee,
which spent months in its investigation.
The people want cheaper Transports
ton. Unjust determinations have been
made against local freigIts. They want
To be- relieved Of this.
The Republican party very generally
believe that Congress has power to i'm
prove our rivers and harbOrs, and 10
regulate the price of freights Oh all
commerce passing over State lines, and
that it is the duty of Congress to exer-
else their power to advance the interests
of our farmers, merchants and labOrers
On the 9th of February last, resOlu-
tiOn was introduced into the House of
Representative by John q. Smith, of
Ohio, declaring these principles. It re-
ceived an almost unanimous vote of the
Republicans fOrit. and almost the unan-
imOuS Democratic vote against. Here,
then, the position Of parties i defined
On the 2Gth of March the House passed
-NcCriry's bill' 10 regulate railroad
fr-ightS, BY substantial, similar vote,
the Republicans for regulating freiglts
10y law. Democrats against.
The Senate Committee made Il report
declaring that Congress lad power To
secure cheap transportation, by Con
-,r..~- iOuul regulation by the i'm
BrJv.ment Of natural and the cOnstruc-
riun OF artificial water ways" and by
the incorporation OF competing lines Of
The subject has not been final
iy disposed Of but the purpose Of
ih- Republican party i defined in favor
Of the interest Of agricultural produ-
rrr-. while that Of the Democratic par
= j. against them.
70 i a subject Of vast magnitude. and
requires time. Prudence and Justice
alike require that it De met in 10 -pir.t
Js hostility 10 railroad companies, but
,yicI a firm purpose 70 promote the pub
.ic good. The eleven grain growing
States in the Mississippi Valley send To
market annually 300, 900. 900 bushels Of
grain. If they can save only ten cents
a bu~hrl in freights it VIII give themS3O,
JuH. 600 Il year.
juIrr Democratic rule Congress per
luitt-d citizens Of Kentucky 10 construct
d canal around the Falls Of the Ohio AT
Louisville. Every ton Of freight that
passed through it paid fifty cents Of ftrib-
ute for tOll- II cost 500 20 run an Or
iiuary steamer through it. Congress at !
IL Last session. abolished all this. Re-
Iuc,-i lr-iglt- 10 ten cents for the cur |
'-nt year. and provided that hereafter |
here shall b. no charges beyond the |
mere cost Of operating the canal. Here. |
hen. Il Republican Congress i moving /
or cheap transportation.
The Democracy Of Maine has resOly- |
u il favor Of absolute free trade, and /
his J. now tine Democratic drift Adopt /
.hi-. or abolish all duties Oh wool, and /
81. UJr. 900 Of sheep which now diversity 1
,ur industries, and build up local wool
Ia mills. and give employment to labor,
sill be driven from our fields Pastures
sill BE- converted into grain-2 growing. the i
markets Overstocked. prices reduced,
gold exported 10 buy foreign fabrics, our
Western and local wooden mills suspend |
heir work and men thrown out Of ell