Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1874-06-18

statutes and by solemn enactments. the
people were in fact stripped of all power of
acting as their own brokers' and of all their
solemly granted rights of REDEMPTION in GOLD
bonds a new set of brokers and bankers was
installed over them; the currency of the
nation was actually inflated to the amount of
$50. 600, and practically to 900 600 600. in
stead of 400, 0OO, 000-not by Congress oh no.
not at all but by the cat's-paw power thew
set to work and sustained and guaranteed in
their work, and paid some Is, DOC, 600 or 90
UOO,OOO annually i'll cash out of the peoples
pockets for doing it. OF course, gold went
up In the market to S2.S5. Farms and eyerv
thing else almost doubled i'm nominal yalne
Swarms of railroad contractors and stock
Joobers, carpet-baggers and salarv-grabbers
perambulated the country in ali directions
western men were melted to buy lands and
stocks, build railroads, run in debt and give
cut-throat mortgages, covering often times
more than half their property. And now when.
by this most absurd and perfdioIrs imitation of
currency. and violation of all possible modes
of plighted public faith, they have got you IN
debt and have your notes and mortgages'in
thelr pockets, this same class have become
most alarmingly honest, and want to get back
again to "hard-pan," as they say: to actual
specie payment, which, if suddenly en-
forced, would put at least Is, if not
ao per cent. more in their pockets. and leave
US TO whistle for plighted national faith.
farms, homesteads and all, until they got
ready for another game of expansion to be.
IN like manner as before, PLAYED over orr
heads. whether we will or not. Which one of
our counties can you name to-day that is not
already shingled over with these cut-throat
mortgages, and other obligations to the
amount OF nearly half its value. In view of
these plain facts, known to every man who
knows anything whatever on the subject it is
really amusing to hear grave homilies and
moral platltudes about keeping the national
faith, years ago trodden in the dust in eyery
way IN which it is possible to do it. in the in
terests OF the very class of bankers and spec-
uiators who now so deyoutly preach of plight
ed faith with us:
When the Devil was sick,
The Devil Monk would be:
When the Devil got we'll
The Devil Monk was he
Well let him be so, if he will only stav 40
we want no more of either these sudden con-
fractions or expansions. Under these maninn-
latlons and changes the public and private
debts of the country have already been run
up to more than ten thousand millions of dol
lars more than the whole costs and losses of
the war to both North and South Some of
our Republican editors and writer's make IL
even more than this. It costs us more than a
thousand millions annually (more than the
french pald for their German war; to pay even
our annual interest and meet our taxes 1t ia
burden which We and our children groan
under and must groan under.
Government can neither print it away. nor
hddle 1t away, nor legislate it away: all we
hope OF them is that they would simply let our
scale OF prices alone, and let something some
where lie still until We can work it out and
pay it.
Expansion up to 1886, and ten thousand
millions of consequent impending debts
aoundantly satisfy with this operation
and practical contraction in fact, it matters
not by what means. from that point. down to
LIZ, is as much as our debtor class ought to be
forced to stand, until their old debts are
hqnldated for future relief. we look to the
grace OF God and our own hard hands. and
not to any plighted faith of Congress, past or
to come.
Still for our credit both at home and
abroad, We would like to keep Congress toler-
ably decent if We could. The necessities and
terrors of the civil war may have been some
apology for this unfortunate and disastrous
legislation, IN favor of the moneyed. and
specializing. and extreme debtor classes:
If so the ten thousand millions
of debt under which it has
whelmed the working classes of TO-DAY. NAV
be some reason why we should defer another
counter-revolution in our scale of prices. till
some of these debts can be paid. on the lust
basis of values on which they were contracted.
How childish to imagine that any possible re-
tlnkering of-the currency can now annibilate
the terrible debts our former tinkerings have
produced, or that when We have been COM
PEELED to suddenly stop short the annual con-
structlon OF several hundred millions of dol
lars worth of railroads, utterly blockading
the great iron and coal markets of the world
stopping thousands of furnaces and shops and
throwing whole armies of men either into new
employment or wholly out of employment.
ana thus GRIPPING and deranging all other
modes of business how utterly childish T
sag TO imagine that the printing of a little
more or less OF currency can retrieve these
past disasters set all this absurd railroad
building on foot again, and the smelt-
ing furnaces and all other dependent
forms OF industry In full blast, unless, in
deed. 1t be done as before, by our old expan-
sion by the accumulation of another ten thou
SAND million debt and the disasters inevitable
IN Its train? Suppose we again start our
furnaces. now that railroad building is stop
ped, what shall We do with our iron? Can
we make 1t all into darning-needles and jack
KNIVES: or can We continue to run in debt 500
100000 per annum for new roads Cur
rency is now. as compared with gold or in
terest rates, cheaper and more plenty than
ever before. But under the sudden block
adlng OF our great enterprises under
the past general lead Of those monopo-
lists and currency tinkers and the horde of
public thieves and spectators ever in their
tram 1t Is now placed where the great masses
OF the laboring people cannot get hold of il
until this order of things is changed: or at
best, 1t goes out in expenses and taxes, and
interest, as fast as they can gather it in, and
Is whirled away again to Wall street.
they say we can have more money and
banks only when we get more capital Most
true; but when shall we get more capital if
we allow these various hordes of monopolists
to spirit it away to Wall street faster than we
can earn it?
We propose to change this order of ruin.
and restore and save the country, by annihi-
iating. or at least weakening. the power that
brought these evils upon us. Who will help us?
Who will incur the odium indispensable to the
first step? will do it for one 1t REQUIRES
no bravery; and scarcely self-denial in me.
1t is of little consequence what becomes of an
old man already past three-score. But have
six sons, still in the youth and vigor of life,
whom would like to leave on a free CONT
nent. and among free people; and cannot
consign them, without reproach in life, and
remorse in death. to.the despotism of moneyed
monopolies, even worse in some respects than
the old by-gone despotism of the slave-hold-
ers. How is it with ycu, my friends
1T may seem strange, but it is never