The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1874-11-15
Restoration


almost certain rslief from the evil Br1 We
must not 70 too fast Bad 1egislation hRs
been tbe prime cKnse % our 1nisfOrnuDt.fs;
GOOD Legislation VIII w DeuessEry in Tire
process Of restoration. TINS Ei93, ID rcTursE,
reg uirs time
Af1sr thu ERr the esInuE! NAf Glissa with
pl4.e, money, t,ttwssn tbs EAlne of whioh
and gold there 1As ErHHf 6ifsrxpre- BuI
gold Represented rAr rklns ID raRl mpDey,
md. cnnsee nsnfly, Ell 1hs prices cElcnaEhsd
81 the grs,sep back trhsiE we're hcflflous- II 3
man Ind horss which he fundiy imagined
10 be worth fwo hundred 6DllErs, II WEE, II
realty, ~ur1h only ssDs hundred II be
cpnsl6srs,d hlrlss,G ME Ynsssssor pt beso
thgpshu6 del}Ers- LIE VIE really tbs znhEbsr
ot chi! fire ltcnsAS1 t'ssrSnse that YES Ell
he ponls eonnEoa IL gela, ws5ch Is iiss
Only real money But the copFerse ct The
picture dc Eft 5i,l3 good, fpr If 1nEp
owed bap theesRnd dollars pontnally II
might Some Day I've reauI-ssd ot fairn in gold
And here Hks u isIv The trouble came in
As green back. gr'Ed1 approached bearer
EDd nearer 10 Iht wine 81 eolc, II Book
fewer and fewer Of tslem 10 b1! the SAME
pleoe Of properly. That Is, the nominal
ralns Of I'll properly diminished while M
pnid iDdetsedpess remained 1t exact! tbs
same fgpTe- Finally people found them
selves esnght with debts which were ouns
ehEy TO psy but were now entirely bs!ood
Ihsir ability; aot because THE debis had
grown, bat because their asseIs had shruok-
L balloon 1ua1s tTIuuphAnfly while full Of
gns, bat the descent and Landing are fuD OF
dangers Greu- Grant and las advisers
were ppg- trsjloorists-
The President Was Determined 10 ccrne
back 10 specie pay merits during his igcean-
( t,gzper Wbe1he- This wNs f0- The GLORY Of
the srhieEeDeni- e- foy the benefit Of his
4 friends i,be lsou6bol6sGk- We know rot bot
De I,:.,Tt,c TO k,e IDtaIe willing ItEp va--- 4
Issturrl result Of tie growing eIeao4i ot t'uI
general zvTeTpl.s=-fl; =. ffse 1teIesa.tao raiae
8; liz prom ise,s 10 pa or=-l tss-sss Er&d9-
ally sI,proxiIoBTesd 10 tle tsr TE1pe Ct gold
s-d The ls@s t,ngil. H. hsrR EsIorl5-d Iha;
6<a1s t3,ge1d ZEE Esaia ST s,rcar5Tug to The
4 Fsl1e Of ihe eirru&sting rOeselots 81 The ilIlsr
/ Of it,.iY being 5I,eu-r+d- Tbs1 The daefus-
1son Of the paper ueGer oopld hare 6ele DO
harm 10 debtors The President ao6 Lie
party did oct see TO ihis; tie CONSTRUCTION
corusooea: debtr became murder aro
harder TO pay; finally the erash came
Pe0r,ls we're pot able 20 Ipeef their etslEs
tons
4 Bat something worse thEn that eosued !;
credit was destroyed This general shrink
are II the norlpAl vBlre Of everything
eA1sed great loss 10 the owpeTs nf capital.
/ The oollHteralE which they held we're no
/ ion ger Of kuScieot Faloe 81 Tie oeE figure
I Of g-eenbscks to secure fo- iase lender Tbe
same anouDl In dollars which be lid sd
I rspcs5. Al tte ssns ijIa= that this fact
J came p:ouioeDti! to light, stl tbs Inflated
gas tags Of Speculation collapsed They
/ had uerer possessed EGy rel TZiuE and
now il vss Impossible 10 5sAt them 2ny
lo0gsr- Ills added 51nsossly 10 the
4 panic, and capitalists go5 ; fright from
| which they hare not get, b. EnF Etans,
rallied. Their burnt f1geTs are still sore,
AID they viii Dot lad, even OF serarit5et
which ~ouid t,s, IN realty, perfectly safe
They fear 3 st5Il lower depth Of dePressisn !;
/ they are afraid Of tAIas aid lax BA}eB-
:
| business without credit Money 5s TIE cay-
eulating Dedial, and, If Il stAgnAtes, TIE
result is similar 10 that felt II the human
system when there Is not blood enough II
| its reips- Weakness and inhrtioo follow,
( ProportioDed 80 tbe Lack Of eirc1lEtiop- All
the g-eepbset4 are IN this oouosry uaE
that hare eFer been here, b7t they are sje5
upon ia tiuid D0aeT bags Cnill taeE
come forth kzEinssz nzst I've pErEly Ded,
manufactures be checked and AErirnltorN
langzisb. Wben that DVoey eat bs freely
! borrowed o. EsiT EecaTii5es. thea il WI
bring revival OF -bzt We csn credit
then activity aid prosperity sill reaFPs.a-.
Buf 10 order 10 restore tie lsEs e0od3t oes
Of capital ard revive = lifeless credit, Doos!
Fbo-ders mast be conri2oed Of sEO things F:
ErEi- that 9bO]esAle sEipdii1g schemes zill
TO Logger be foisteG o. shs1 By she Gov