Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1874-05-05
The Cmrrencv Ouestion.

4hN W ivy $780,
Iutimations are pretty generally thrown
out that the question OF the financial
policy Of the government, is assuming
vast proportions and that tie issue Of
Initiation or contraction Is liSely 10 be the
overriding one in the formation OF par.
ties hereafter. The Yves, and South seem
united in demanding more bank facilities,
while the middle and Eastern States arc
Is solid for contraction. Already, party
lines in the West are lost sight ol. on this
currency question. and we dud bitter
political opponents uniting on The same
financial platform. l, Is much TO bc rc-
GREETED that sections OF the co-n;ry aye
- ayrayed against each other in The
the advocacy OF policies 50 diamcirica'iy
opposite. \ country like onIs, with such
vast territory. including many climates
aad diverse interests, must require great
latitude in legisla,ing Tor is various wants
but nothing is more TO be dcp,orcd than
the arrayiug Of section against section.
Is there any necessity Tor Ibis, ON tits
currency question: l, is undoubtedly
true that the condition of things IN ,he
West and South is pecu,i1r and quite
different i.om that existing Ia other sec
lions ol the country. The West IS being
developed, aud they have always needed
money 10 keep pace with their spin; al
enterprise. They are always borrowers,
and claim tha, the capitalists OF tle Eas.
demand cxol0i;aut rates of interest. Ca
the other hand Tue lenders say That west.
ern risks axe hazardous and command
higher rates. The West say mole capita,
Is required 70 move their crops and do
,Lcir business, ana that the people ac
suffering. ~. too, @, JAe South. Iuey
could formerly hypo.hocalc thcic grow
ing crops. and meet their wants, and
when they owned ;AeJ operatives, they
were no, required to pay Them monthly,
as now. They claim 10 be suffering loc
more capital.
The great objection % an increase is,
tha,t dis,uybs Prc>eu, values. lepyec.a.cs
our currency, carries gold up AMI thus
encourages speculation and gambling in
stocks. aud puts OF Tie day OF resumption
oil specie pay mcnts-tlat mos, desirable
event.
o.. the different remedies p,op0scd.aud
We have read tie views gr5 and con-, We
are satisfied that a system OF frel jui>u3,
upon a proper and sale basis. would Nota
the best, Oar national banks axe g.oa,
mouopo,ics and have mon>,rous pryi.
lcgcs Their capital, being m,crcs. pay
ing GovcruAen, bends, together wth
their circulation. gives laem large p.oa.s,
and when tAe business Interests "a llc
country mos: require their aid, they SUI,
down q. pleasure, and allow their officers
or iavori,es 10 10 au immense bro6ct1gc
shaving business. almost over their ov-
counters. thus taking advantage @. .hc
necessities O. The public. T-.s is a.i
wrong. and could net exist uut,r Free
Burlington Tue laws Of trade voa,d
regulate. and the demand creates ,ll
supply. At lair, living rates.
Capital and labor SHOULD 20, be a,gsyeJ
aSaius. each o,lcr-log their prosperity
dcdend upon NEUTRALITY-SUSPICIOUS. when
the former is TOO gra>ping and i, appears
that the rich are growing richer and the
poor poorer. i; is time 10 speak lor tie
people and demand e change Of fronts.
la such a conflict we desire 70 be found
on The side oil iLe people and advocating
their interests, and wo be,ile the rcpub
iican party when il proves rccreaa, To-
those who rallied 70 its support aud have
ever upheld il. in times of peril.