, 1874-05-04
TIE NEEDS OF THE WET

|
make fight against the Presidents voto, Alto,
boasting that they represented tho rill Of tbe
people, after all their angry threats that "tle
West " would !" veto tho President" they have
not dared to rcply to ha message. Even Logan,
by some mysterious power, has been kopt silent
as Tie lnfationists did not dare to discuss the
ou1 when 1t was pending, and to all tho areu.
naehta OF 1ta opponents answered only with such
stolld and unreasoning votes aa gang OF negro
heid-hands might have cast, 60 they dared not
d1aouBs the Voto nor reply to its aharp and storn
rebuke. It may be doubted whether majority
OF Senators Of tho United States has ever bo.
fore confessed 80 clearly that they had UNDER
taken a job which they know they could not
defend or excuse.
| 3ho pfetenso that majority OF tho peop1e de-
Sired imitation is fraud. II re Judge from tle
votes OF Senators, We find that ton States {ponn-
sylvania, Maryland, Vest Virginia, Michigan,
| Nhode Island, Wisconsin, Missouri, Kentucky.
Florida, and oregon.) wero divided, and that flvo
Of the New England States, New York, New
jersey, Delaware, Ohio. Texas, Nevada,
and California, voted nganst tho bill, whi1o tho
remaining fifteen States voted for It, the propop-
aerance OF population being worry largely On tho
side OF the States opposing the bill. Moreover.
1t must 30 remembered TINT the carpet -baeecrs
from Arkansas aud Loulgiana do not ropresent
the people Of those states. II We Judge from
'ne tone OF tho press, as TIC have already do.
monatfatod, majority Of papors in number have
sustained tho Presidents veto in oyery Western
otate except Indiana and Kansas, and that ma
1oEty includes nearly every papor at the West of
largo circulation or influence The truth ia, tuat
tne NOISY demagogues, ut very cross-road vii
'Aeo a5 well as In every city and in Congress,
ehons Tor initiation, whilo the aober intelligent,
anu industrious classes, hero as ut the Eaat, on
tic farms aa well as in the factorieg clearly ,n.
aefstand that deproclated paper-currency, as
Senator Jones 30 pithily expressed it, iB uuot
tho spade OF the huabandmau, but the dice.bor
ol tho gambler" With degreo Of una-
nlm1ty at once honorable and romarla.
Die, business communities aud commercial
bodies suRtain the veto. Even among
the farmers from whom tho cry for imitation ia
so often said to como, we venture the predicton
that within ono months time there will ecarcoly
% found respectable minority to lusre or de-
lend that policy. For, although many Of them
may have been at first deludod with tho idea that
'htaslon would mako 1t moro easy for them to |
pay their debts, intelligent farmers already rea-
lizo that tho prices Of thoir products arc con.
tfollod by foreign markets. aud therefore BY gold
va1ues' whllo the prices Of manufactured articles
Which they haVo to buy are enormously ephauced !
by expansion and consequent depreciation of
THO currency. This truth, Of vital Importance to
every agricultural. Intelligent farmers will
speedily Impress upon tho minds of tl,oir neich,
oofS mud associates, and 1t will not DO long be-
lore tho Western ssatos will become as earnest
mud united IN advocacy of speedy return to q
specie basls as they have been falsely olaimed Ia
be in advocacy OF imitation.
IL Is OF grent Importance, however, that publ
opinion at the Woat should be irrovocah,v fxad
on this subject as enrly al possible. Eyopta are
probably approaching which will g:yo to the
oomagoguos bettor opportunity thuu thoy have
ye1 had OF appealingto tho supposed solf-iutor-
ost OF any who do not fully undorstanl this sinh.
1oot. In all probability, from causos not do.
ponting at all upon tho currency, a soason a,
considerable strlngenoy and embarrassment n,nv
occur bofore the close Of the year, Tho tarjY
has produced ono Of those witlely.extouled
proatrationH Of manufacturing industry which
inevitably follow poriod Of "protection. and,
in tho Iron interest especially tho circumstances
arc now such TINT no addition OF dutlep cou,1
produce tho temporary rollof which has at o,hor
times been gainod by that means. III that rreat
industry, production must bo materially reduced,
many establishments must 60 luto bau1runtov
hha thousands OF workmon mutt boa driven to sools
othos employment before those can come any
relief. Aa d consequence, some dla.
'urbance In tho mining intcrost IL incyttablo,
From The disturbance Of these industries 4 con.