Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1874-10-08
Gates ASD FINANCIAL Ruin.

GATES AND FINANCIAL RUM
We suppose no man ever made q
more desperate effort to secure a NOM |
iaation for Congress than E. N. Gates.
He has been on the stump from the
moment Of his nomination, and if there
Is any cross.road school house in
this Congressional District which has
not been illuminated and electrified
ny his tempestuous and paroxysmal
sloquence, il is because the said f. n.
Gates has failed to find it.
We find no fault with his extreme
desire TO go to Congress only II looks
cheeky in man Charming to be All in.
voluntary sort Of q patriot; one Of the
fellows whose greatness compels peo-
pie to force Office upon him unsought,
to be TINS resorting TO all the appli.
ances OF the veteran politician, while
he 10 daily engaged in abusing them.
Judging from our exchanges in this
district the staple OF his lamentation il
the decentralization OF the Republicsn
party and the financial wreck which ID
impending over the country on account
Of ito rule during the past thirteen
yesrs. He claims in Republican To-
calities that hs WAS good Republican
until that party became too corrupt
for his delicate olfactories. In Bour.
bon neighborhoods he dilates upon
his rock rooted adherence to the
"putrid democratic reminisceucc,"
and like valiant knight he hos gone
forth TO annihitate the "rings" which
are now hurrying the country into the
vortex of financial ruin! Selah.
One day when Aaron Burr was
walking down the aisle TO his seat, in
church. the minister stopped his
preaching, and pointing his long, bony
index finger towards him said, "Aaron
Burr, I expect to appear At the bar OF
God on the day of final judgment to
O. testify against you for your sins
every WELL" said Burr, Gin the
"conrse Of long legal and criminal
@practice. have observed that it was
"always the greatest rascals who first
"turned States evidence"
Leaving the musical aud eloquent
Gates to rumiDate upon the moral OF
this story, and to apply it 1t his leis.
IRE, let us ask him how it happens
that il We really have had such bad
government during the rule of the Re-
publican party, why his lands have
more than quadrnplcd in value in
that time; and also, how il has &C.
Cured that the modest one-herse law
yer who came to Jasper county q few
years agol with few thousand dol.
lars, has now become quarter of a
millionaire, with plenty Of money to
loan to his neighbors At good rates Of
interest!
II Bro. Gates ever reads . New
York commercial paper he viii OBJ
serve that money in Wall street is .
drug, and that any amount eau be pro.
cured there on good collaterals, ct
from three to four per cent. per an
mum. Does this look like financial
ruin? -
In democratic times the Sheriff's Of
fee in Wspello county was q big
thing; even to be Constable was TO
have lucrative Office. Three to four
per cent. per month was the rate OF in.
tArest, and the Court House doors,
gates. aud barn doors of the county
were not big enough 70 contain oil the
notices OF Sherlf's sales. Then panics
were the rule rather than the excep.
noa. Then the democratic money was
worthless, aud the principal study Of
tue people was the Bank Note Report.
&c. 10 see how their miserable Wild cot
currency was calculating. Then the
amount OF money in bank was con.
tsmptible, and fnancia, ruin really
StA1ked abroad.
To-day our Ottumwa banks contain
more than $500 600 In good money a,
the individual deposits Of the people,
while It il fair 10 calculate that on &C.
count Of the confidence which the PEG.
pie feel for their stable and well tried
Republican money, fully - mucl
moro remains In their hands undepos
tied. Does this look like 6nancia
ruin, Bro. Gates.?
Iastead OF the ext0rtionste rate o.
interest which prevailed Ia Democratic
times, there is now no sort Of legiti
mate enterprise in Iowa, Backed BY
good names or suflicient security, thai
cannot borrow any amount Of msnsy,
.. from nix 10 ten per cent. interest,