National Republican. (Washington City (D.C.)) 1872-1888, 1874-03-05
THE FINANCES.

! THE FINANCES.
| 70 the Editor ofths National Rspsblfcan:
| Sin: The discussion on the subject Of the
finances in the Senate during the past week, all
admit, has been the most animated and earnest
Of me session. 1t has been running IRE Of de-
bate among the ablest Of the Senators, and ought
to result in much good but fear It will be other
wise. Among so many able and experienced men
who have spoken, Il il somewhat singular that
Senator Morton should have been the first to
strike the chord which reaches the popular SYM
patty.
Senator SchurI made grand effort, in which
he showed great learning, great adroitness and
remarkable knowledge of words. His speech was
historical brilliant and positively antique in its
fancles. That speech and Senator Morton's are
| both published in the Congregational Record. and
| they should be compared. Morton's is plain,
strong and solid, without sophistry, and within
the comprehension Of the people. 1t Is 20 tenta-
tive in its arrangement Of practical truths that 1t
| seems to have mediatized tho Missouri Senator.
What is better than all, Mortons speech is thor
oughly American. 1t should be published In
every newspaper in the country. II he will con-
tinuc in the same line of action he will soon have
an irrepressible host Of followers. 1t Is speech
in behalf of the people, and not Of monopolies,
and 1t will link its author in bonds Of sympathy
with all unparalleled readers.
"A
system Of reasoning or philosophy that will har-
monte his course within itself. No one knows
better than he that his action upon this financial
question has been in opposition to principles and
interests Of great majority Of the people he rep
resents. No one knows better than he that If the
question were put to Q vote to-day, four hfths Of
the Inhabitants of his State would vote directly
opposite to the course he is taking.
You cannot obtain . fair expression Of public
sentiment on this subject by talking to a few
bankers and moneys etters. committee Of Con-
gress can get only . one-sided story by summon
ing them before It. No sound Information Is OBJ
tanned from petitions gotten mp and sent here by
bank men, and signed by some business men in
the interest OF the banks, and from whom they are
receiving discounts. These spasmodic accounts
afford no truthful representation Of what the peo-
pie want or what they need-it Is all on one side,
and the people are being humbugged and
wronged. The cold and intense rapacity of
"rings" toward the hard earnings Of the indus
trial classes ID allowed too much CONTROL too much
power. They not only hold and withhold what is
produced. but they are seeking to control the FL
ture prospects and fortunes.
Faith in tho stability Of our national finances
reelected General Grant, and no one doubts that
the heart of the Administration to-day beats in
perfect sympathy with the suffering people. But
the Chief Executive, however magnanimous his
wishes and desires, is made poWerless by the ex-
tremely flexible course Of Congress on this vital
subject.
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