Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1874-04-30

A. II. HAMlLTON.} rs,.,
: r. II. WARDEN. I"'o'e.
THURSDAY MuHSING, APRIL 30, 1874.
E--------------------------z.-.--
We CALL a HALT.
The people OF this country have not
to-day individually 60 great bubbles
OF fortune, fancifuly wrought in their
hopeful miHds o. they had two to ave
years ago. Asa consequence there Il
disqaietude, fault-finding and ever
qnsrulousnees, quite geHsraliy pre-.
vailing. This IL the natural and
Inevitable resnN Of the grading down.
from times Of great expansion to near
the hard pan. In December last the
effect Of the panic upon the revenues
of the country, reached its climax
amounting to about eight millions less
than the necessary sum to meet ex.
penditures. This alarmed everybody,
ana hence the earnest and holly cOn-
tested financial record Of Congress, V
provide 4 remedy; hence too, the
language of the President IL bis last
annual message, in which he speaks or
imitation with the proviso, that II 1t
should occur, it should not postpone
iadefaitely resumption. The great
scare passed by, nearly ninety days!
ago; the reduction Of the national debt
in March was in round numbers, two,
millions. The veto of the President
has centralized the entire consumated
action of Congress, upon the subject
of finances. 1t cannot be denied that
the country is more or less convulsed
upon the subject. The difference be-
tween the contestants Vas simply the
manner Of the treatment Of the patient
The disease Was IN irredeemable cur
rency; contraction Of this currency
and = lesssuing Of taxation, coupled
with decrease Of expenditures, had
been the universally recognized proper
treatment; meanwhile though mus
diseased, the country had increased in
numbers, wealth and commerce, and
suddenly It took = spssm; al the best
physicians we could muster, varied
more or less, in their diagnosis Of the
the case, and the remedy to be applied.
There was however, one well defined
line Of dcmArcation, between them,
upon either side Of which the doctors
arEayed themselves. One thought the
prescription We had followed for
years. had been pursued little toe
rapidly, considering the strength 1.-THE
patient, and we needed ; temporary
cessation in giving the medicine, with
slight counter prescriptions. III,
other side oocnpied various stsAi
points in opposition to such treatment
al the way from early resanpfiouista
down to those who said, let the situs
ticn alone. While the contest VI
going ON for four months, the patieu
got good deal better, and ct last tn
President did let the situation Alon,
We have had many hard words sai
and published pro and con in the cor
troversy and the unsuccessful eide j
Congress are of course stuug not
little. at their defeat from the hands Z
the Executive. Now what We want
calm dispassiOnate action. We hay
no liking for an arrogant, hasty an,
offensive maun0r, in the further iiiscus
sion Of this question, as we have no
had in the past have no faith in Ii,
Sir Oracle men either high or low
who protest that their views Or,
axiOmntic and cannot be wrosr. 81.
So0brness of thought, and dispas
sionate discussion and action upOl
this subject, 10 what the common vol
fare now demands.
Ir will be recollected that the Sen
ate At the last session Of Congress ap
pointed 1 committee to sxAanine ints
and report apon the subject OF toheal
transportation. The chairman Of thi
committee, Senator Window, submit
ted his report on the 24th inst. II il
very elaborate and no accompanied 4
with speech, which 10 highly spoken
Of He said:
.,...s cO 1...u agSS vv ,as W ~
tion ~ the cost Of transportation 10 Z,
be anticipated from competition be
tween existing railways NOR 10 com
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