The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-06-24
Money and Poll tics.


,,ouoht n bear upon the public affairs OF
this country In order that money]oope's
and commercial rings might coin money OUT
80 rho distresses OF the people. Inc inter.
,,,, revenue laws have been constantly mani
v,.,,,aa with the view OF cnricbing rings
s,5 ,,ononolists, The increase OF the llquor
,a~ has whenever It has occurred, enrlcned
,,onsands of large dcslezs who had large
stocks on hsnd. They have skirmlshed Tor
. reduction Of the tax when they had light
stocks that they might ccntrire TO have them
raised when they had full ones. Numerous
expedien;s have been employed for
the advantage of individuals, and no
winter passes that Congress is not
steadily besieged By rings aud lobbyists en-
deavoring to bias the measures of public
policy with the view Of enriching very I'm.
worthy rings aud shrewd spectators. The
rings and lobbyists freely use all the arts and
means Of elcctioneering and influencing Of
votes, from indifferent whiskey to green
backs. 1t would be saying more of Con.
Sress than can be truthfully said of human
nature to say that they have had no effect.
Can We say that We are sure that there are
no members Of Congress interested person.
ally in the passage Of laws by their own body
which have secured to corrupt persons vast
sums Of money:
We say the vast gains Of private persons
from the acts Of Congress with regard to in
tcrual revenue and jobs generally have
spread corruption through the land and
caused politics to become means used by
gamblers and tricksters 10 accomplish their
so.did purposes. The speculltors have
made dead set at the business Of the cOun.
try. The most INSCRIPTIONS and sordid
class Of the community as they are. they
very adroilly seek to afliX to the character OF
that policy which opposes them the stigma
Of immortality.
Let Us see : If the country were to return
at once TO specie payments the money they
hold would bc enhanced seventeen per cent.
IN value. 1t might bring distress aud ruin
upon the country, but that would be all the
better for them; for money would rise. rap
idly. and their pockets would fill up through
q constantly owing current Of profit. II
the country would only do this. for them it
would be good thing. They could easily
place their money where it would do the
mos. good for themselves.
Those who have seen suspensions in for
mer times know how impossible it is to
force resumption. They know that resump-
ton comes when the country is ready for it ;
but not before. They know that the coun.
try cannot stand Il resumption that is gotten
up for Stock. iobbcts and 9old-gamblers. No
resumption can stand That is not gotten up
for the good OF the people and founded upon
the readiness Of the country for it.
Suspension follows a panic, and the dis
trust that grows out Of pressure and the
failure Of numbers to meet their obligations.
Gold is tie only thing great part Of society
deems reliable, and being run upon" sus-
pension is irresistible. What then? The
country may be lkened to feeble patient
suffering from typhoid.feycr. 1t must be
nourished and stimulated. 1t must have
more currency and more credit, and thus it
must be cherished along until it becomes
strong, confidence is restored, and men see
their folly in distrustipg every body and
placing their trust in gold, which can neither
bring a country out of the quicksands Of adj
versty nor save it from suspension in the day
of panic.
But who are they that are crying out for
hard money, demanding resumption and de-
nouncing that money for which the whole
nation is bound as " dishonest:" They are
the stock obbers, the gold.eamLlerS, the
sbavers woo gouged the railroads, filled
thousands of pigeon-holcs with collaterals
30 secure loans at rates Of interest that spread
ruin over the land, and involved even COM
merce in the disaster which followed. The
.collaterals were forced to sacrifice and the
shayers were pulled down along with their
victims amidst the vast debris of corruption,
yenal avarice, and that passion for gain which
condemned both reason and honesty.
And now this immense class, which has
robbed society and hesitated not to make
the nece>stous run the gauntlet OF their IN.
scrupulous ethics, are DESTROYS that the Go.
yernment shall turn the Innocent victims
back that they may be flaycd 4 second time
as they pass the dreadful ordeal Of the worst
system of pluuder that ever was devised.
VIII the country hearken to these people
and voluntarily walk into the wide-open
Jaws of ruin? We are sure it will not. The
hard money jobbers and gamblers who hope
10 make their millions out Of Government
measures will be mistaken. The party of
liberalty and honesty-of wisdom as well as
reason that experience has taught US, aud
leaves resumption to take place when the
country is ready for it, will triumph. The
advice of the "great huaDciers," who think
the country was made for their good, will be
repudiated by an honest people. No relief
can come to the people while the counsels Of
the swindlers and gamblers prevail.
Let the people beware of the advice from
Wall street. The men who ran US off the
track should not be trusted to engineer the
train now. We have the very best currency.
Let us employ that, and not rcpudiate it..
There is DO necessity to do SO. Resumption
will take its own time.
But let us beware Of the jobbers and ring
agents, and not think that all they say about
the currency is intended for the public good.
Il is not so. Nor should we look for reliet
TO the country from the advice Of those who
ruined it. The gamblers and thimble.rig-
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