The Morning herald., 1875-12-22

a foundry, or factory g, gold slam
ard Of So, with, the eertai,t
Of being compelled to pay fifteen Per CEN
more upon any mortgages or obligation
created thereon, which may run into 1875
hence this great impediment to rccupera
ton ought to he removed. la no sens
caa our antagoaism to compulsory speci
payment be called imitation, as we simpl,
ask Congress to take its hands Of
and let US work out our own destiny.
To osmc back to the body OF the sub
ject what is the cause Of our hard times
is it the currency? No! Ii metallic
currency was certain to ensure prosperity
and profitable employment to us, it ough
to produce like consequences in cthel
lands. Let us look around. California
notably San Francisco and Sacramento arc
in an agony of commercial and monetary
disaster; gold alone has been the recog-
nized, and used currency of the Pacific
coast. 1t is therefore clear that the "rag
baby" did not weaken its nursing mother,
at the setting sun.
A little farther South, if you please. In
Peru, stable ste'dy.going, industrious
Republic; the land of gold and silver
where the doublooR, broad and massive, is
used as currency is in the throes Of fnan-
cial travail.
Last week the unwelcome news was
flashed to Paris, London and New York,
that Peru was bankrupt, and that the in
terest upon her national and railway bonds
would have to remain unpaid. Has the
"rag baby" sucked the life out of Peru
Nerthward, to the frozen banks of the
St. Lawrence. Starvation, begotten of
want Of employment has arisen, gaunt and
raving myriads of men, armed with despair
into the streets of Montreal with the terri
bic cry Of bread bread upon their lips
The Mayor speechifes while General Or
sanizes a powerful militia force, to COM
pei men to go home, quietly starve and |
curse their fate, as their pinched- faced |
children whine for food. Has the ':rac-
9aby" eaten all the magnificent grain crop |
If the Canadas?
Beyond the Atlantic, in victorious Ger
nany-Berlin, according 10 the London
Times, has more unemployed persons than
'ver before known, and the winter outlook
S gloomy beyond all comparison surely
t will not be said that country not con-
ent with silver as legal standard; but
Inserted so strongly upon gold, that silver
to be demonitized from, and after the
st Of January, 1876 had its industries
'aralyzed by a "ragbaby'
In England where the "honest dollar"
$ the cockney puts it, the "Queens i'm
ge' is the standard currency, the astound.
ng fact stands out, that the LIST day of Nov.
mber, 1875. out, of population o.
100000, there were 927, ,446 paupers or
ne in every 25 Of the English population
ere chargeable to the country. 5
Reynolds Weekly, of Nov, 9th, a Lon-
on paper, says: "That England is suffer
g commercial shipwreck is a fact too
,lemn and portentious to be painsaid $
he once mighty nations of antiouitv
ave suffered a decline and fall. and Enc
md, we apprchend, is exhibiting unmis- @
kable signs of decadence." u
From Berlin to Paris is not SO far in
lat Republic Of which the latter city is
pital, currency or paper is the legal r
oney." IN this cradle of the 'Eragbaby," '
c mother Of every form of paper money 1
ON "assignot" to "retncs" there is more q
I'D, silver, and universal employment t.
ID consequent propensity, than ever ex. I
ed in any land in the face of heaven, at p
y time. Upon the 18th of August, O o
73--in an estimated population of a
100000 there were $500 or one in K
cry 44o of the population paupers, or n
arly twenty times less poverty than in !,
"liion gosernsd England.' ft
VIII some tell us the reason why we st
suffering? We incline to the opinion, a,
It the threat of confscation has much to w "
with our trouble. Il
Shut Up in A Coal Mine. i,
rho Joho,to,-,, ID. \ m ~ N>