Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1875-08-26

But he can get with it things, tc
eat and wear, and this is redeemipe
bis gold. Gold or paper money il
good if it can be exchanged fol
commodities, and both are worth
less if they cannot be so exchanged
CONFEDERATE MONEY.
RecOllect "money is an article
for the convenient exchange oil
commodities" When the Confed
crate money was first issued the
South was full of commodities
and the money was good as gold
/ The. Confederate Government a.
dopted the policy of burning Up
cotton, thus destroying commodl'
ties, and while SO doing they kept
on increasing their money. The
commodities decreased and the
money increased, and Of course
having no commodities TO eX
change, became nearly worthless.
THE BOTTOM.
We are told eve must go to the
bottom" Where is the bottom?
Reduce wages, lop off extrava-
gancies, do away with one thing
after another until we touch bot.
tom! Charles O'Malley says his
people live on potatoes and wear
the skins for clothing They have
touched bottom. But when we all
come to that we are in a state of
barbarism. We are rapidly on
the way to the bottom now. The
journey is not pleasant, and the
prospect ahead Is far from bright.
OVER PRODUCTION.
This is another fallacy. With
diversity of labor and plenty Of
it, there can never be such things
as over production. If all the
people are out of work and ont
of money, one bureau alone is
over production. If every person
in the United States could spend
$40 more this year than last there
would be S40Q,000,O0O new bust
ness in one year, and over produc-
ton would be impossible.
BUSINESS
Without money business would
nearly cease, without production
money would be useless. Each is
necessary to the other, and IA war
against money is a war against
business and production. Gold
money we cannot get, and if it is
insisted upon then business must
stop.
Paper money can be furnished
in any needed amount, and bust
ness can go on.
CONCLUSION.
If there Is any apparent or pos
sible good that can come from
stopping furnaces, closing shop
works, beggaring Your families,
running your.neighbors, and bank
rupting the country, then vote for
contraction, General Hayes Is
the exponent OF this doctrine; vote
for him.
If, on the contrary, you think
this young and growing country
should 60 ahead, prospecting and to
prosper,that its busy wheels should
buzz all over the land, that the
smoke of It's factories should Use
on all hands, that comfortable
homes, filled with happy families
should dot the hilI-sides and val
lies, and that we should be strong
and great, offering homes to the
homeless, food to the hungry and
rest to the weary, then vote in
latIon. Governor Allen is the
exponent of this-vote for him.
To those of US who are Rapub-
llcans, the situation is very en-
barraSSing. After battling for
years to introduce greenbacks and
make them money we are now
suddenly called upon to pronounce
them 1ying promises, "flthy
rags, and ''lie and cheat. =
And, TO make it worse there is no
half way ground. If we want
more money we can not get it in |
our party; we look to it for bread |
and 1t gives us a stone. / am
sorry from the bottom of my soul
that it Is 50. But it can not be
helped; and all of those Republi.
cans who desire prosperity can on.
~ make their voices heard in the
coming election by scratching the
name of Hayes, from the ticket
and substituting the name of Al. |
len. 1t is bitter alternative
Very bitter. But poverty and
restitution and bankruptcy are
more bitter.
a Jefferson Davis telegraphs
TO the Agricultural Fair managers