The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1874-11-07
a V;eviOvy of the situation

!
mocraey could have presaged a short
month AGO
p,..i,H..
'o'9 10 ia S"' nave o"eh aVerfeu
NoSs'oly not But we, at least, have the
satisfaction Of knowing that we did our
duty in trying to avert II Wo so o,
tain ine,,,,.
-, .'o'' ~ WORK WU'ch TO our
m'nu'conld nave only disasterous conse
| quences II not removed. During the
whole of the last session of Congress
indeed, before Congress met we ala onr
best endeavor to impress nnon onr par
re,entstives and Spnotoro tra oIot',,.
necessity. which was in evervth;no 9U,u,o ,,'oI',
apparent, far nromnt vise iiharaS7 ,n''tO ,i"ue
lation in connection with the nationol
fpanoss "''i U"0 n"V'oiiai
Immediately prior 70 the mea,in, 80
Congress a dsa strous financial manic ~ ",
swept away business prosneritv sna'. "at
away capital and wages alike . "a Ip, eSl,
the land with the mnrmnr of hn 1i n,leu
of thousands of citizens opt os I,ooS L,'.iroaS
and out of work. The nolicv ,,,hiob nUoo 1.,as
responsible for this condition ne nrairs
we had .comhated with uhatauor Iii,
| on,l .,.-- - "'Vi W ndleVer skill
~, - uey we conid commando poll
dens of taxation uron ali fnrms of w.
i'Is o 'nuustry IN order to discharge
Ut,onSa,'onS not due. The country was
-, ruined IN order to pay foreign
oonuno'uers; VINO not only made no de-
,"na lor payment, but who did not
N"nI u oe pa!d. They had their bonds,
anu .hey were satisfied with them. An.
o'n'i feature or this suicidal financial
poiIcy was TO Imagine and to carry into
practlcal effect the design to contract
the volume OF national currency in or.
order to force a sudden return to specie
payments. The effort was no wiser
tllah one 10 force grown man into the
garments OF his childhood would have
peeh'
me country required nothing so much,
wheh congress met last winter, as
money, ana plenty of it. Want of it
iiau stopped enterprises of the greatest
importance ana paralyZed business of
AL sCtts. Congress early took up the
question of the finances, but the whole
winter through it did nothing but talk
over one scheme and another, and final
ly agreed upon measure of supposed
relief, which to this day has been of no
practical use, and which no one quite
understands. It was one of those COW
ardly compromises which always leave
matters worse than they find the m. IF
the Forty-third Congress had voted
proper measure of finance the Forty,
fourth Congress would not have been
Democratic. The former had in the
house the overwhelming majority of 1O6
votes, all which has been friitered awav.
While the financial troubles were the
clearest and most direct cause of the de-
feat of the r., publican party there vera
others Al work steadily undprminiry its |
hold upon the popular regard. OnIv |
two wears ago it had such magniGcent
victories MS no other marty nvor nod |
more magnificent than anv of its nwn |
preyious ones. But IT threw away H. |
great opportunities. and seemed tn conrt |
It's own ruin hv its Tolerance of the hal !
acts of some OF its reconnized Ieaders
Prominent amonr these minor cansos
was the third. term pronositinn set ofY
aoat Inv Federal otIice. .boIdsrs ,vho
,,ora dstor,,i,,od ~ noss;hin ,