Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1874-10-16
THE REMEDY.

THE REMEDY.
That the present is diseased condition
OF financial, commercial and industrial
afftrs, no person of ordinary sense needs
to be told. That the disease extends be-
yond our own boundaries Is also pllpa.
bic fact, The remedy is at hand, and is
as applicable to other ciuiiissd nations as
to our own; and, better still, it is free to
all. It not only cost nothing, and cannot
tresspass upon the rights of any one, bat
1t will. when used, prove great blessing
to mankind. 1t will do much to lessen
the burden OF taxation, and cause pros
perity to bloom In every corner of what
ever land will introduce it. This matter
is so well introduced and explained in an
editorial article which appeared in the
Philadelphia Press, of the lstinstant, that
we transfer it bodily to our columns:
Perhaps at no previous per iod in our histo-
ry have there been so many misgivings among
thoughtful and patLiotie men as to the success
and permauency of our institutions as at pres.
snt. Discord exists throughout the land be-
tween thu various interests, races, and sections
aud between the people aud their rulers
Then 1t cannot be disguised that there is a de
cline in public morals, and that jobbery, cor
ruph on, and robbery preside over the munich
pal government of most Of our cities and large
towns. To day a man pays almost or quite as
mach In the form Of taxes for the privilege
of living in his own house in one Of our cities
as he did twenty years ago in rent for living
10 a similar one which belonged to another, and
the saddest feature Of this sad business is that
those evils grow as time proceeds upon its on
---Iy------ -.N"ut auu vigorous efforts have
been made in this city to bring about a reform,
but thus far they have met with moderate sue
cess. Notwithstanding this we believe that
the practical solution Of this question of munich
pal government under Republican institutions
is simple, and not only simple, but the measures
necessary to solve it are such as prove benef-
cent to every section of the land and to the en-
tire people thereof.
Let the whole people be sci to work and kept
to work at profitable employ nents. Let the in
dustries Of the country once more be vitalized
as those OF the loyal States were at the close
of the war, and kept steadily so, and the pres
sure upon the public crib will by degrees be
ightened, and be finally, almost if not wholly
removed.
Republican, above and beyond all other
forms OF government. dcma nds and will have
intelligence and virtue among its people, with
whom all power is fiually lodged. Without a
large measure Of these it will cease to exist as
such, and despotism will take its place
Steadily maintained prosperity is the Que and
only foundation upon which such intelligence
and virtue can permanently rest. While the
uuivarsal education of the people is acknowl-
edged to be an absolute necessity under free 10.
situations, such sduSatuu, accompanied by
condition of things which leads to enforced idle
ness, is but the preliminary preparation OF
large body of men for living by their W its a
mode Of existence over which virtue holds but
moderate sway. In the presence of such body
of men, Republican institutions may even be-
come an instrument of tyranny and oppression
We do not hesitate to affirm our full and en-
tire conviction that the steady and persistent
following Of a policy which will give this
country permanent prosperity, and Danish from
it forever all financial or credit crises will final
Iy relieve us from the control Of that corruption
which now threatens us With destruction and
that no other agency whatsoever will do IT..
Set the people to work, as they can and should
be, and 'the cobasive power Of public plunder'
will cease to be the ruling instinct of party Lead
ers and their immediate followers, for the want
Of sufficient backing.
The first and most important step toward this
desirable end is for our rulers to re lieve their
minds of all belief in the idea that any human
judgement Is capable of ascertaining priori
how much currency country or people need,
and for them to embrace the necessary one that
public demand, and it alone, is capable OF de-
lermining that great question. Then will be
banished from our midst the most dangerous
aud far-reaching piece Of empiricism in all leg
islalion, an empiricism which grows out Of the
practice Of tyrrannica! governments, and is
fast dsmoralizing us by forcing US TO use the
credit system, to be followed by credit crises,
bankruptcy, bankrupt laws, ruin, stagnation
and widespread misery. Let these rulers so
far restore to the people the power to determine
the volume Of the currency as TO give them
sos bond, interchangeable with currency, for
IN he anJeaLHhy, at The option of he hold
ar, Of national paper money vih Government bInd .
bearing a fired rate of interest, there Is a SJAe
principle that OM regulate hs movements Is of #
nance aud commerce as accurately az tie motion of
he steam engine 10 regulated By Rs governor.
Such paper. money tokens would be much near.
er perfect standards OF value than gold and sill.
YER ever have been or ever can be. Under
such monetary system our country will again
take upon itself the prosperity which once il
knew, aud, ceasing to be obliged to substitute
the credit system Cor currency, that prosperity
would be permanent, ami no crisis could posi-
bly, arise, as all could deal for cash. aud few
would sell on credit. With that prosperity 'the
blessed gospel Of work would insure to US alike
public peace and private morals, aud then no
one need despairof that Rpubic which is the
hope of the downtrodden and the oppressed
throughout the world.
- -a--
IL costa Stukes 6ftv dDllars a week for hoard