The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1875-08-05

AE5GS :ESl5s !:
should ders 6f 81; its > -rcens are placed
upon dzs I'd: l.llj sses blocks
are setaIp cet and State
street and IL ognter Of tie nlsney
shsagers. u drip sin the 81
tlissc q NEss N aifss
you to 1.Ls:t srs. .ricE CIV; =
-.,,.,-..s required IN tfc days Of
egyptian bondage; and as in those
DAYS great plaques fell upon the OPP
pressor until there was q great cry
heard throughout the land, for there
was not house where there was not
one dead, so in our day may National
calamity prove the means Of relaxing
the rule Of the oppressor. In the
wrath q, an outraged people shall be
heard a voice scarcely less terrible
than that which fell upon the ears Of
the startled Pharoah:: "Thus saith
the Lord God Of the Hebrews, lei my
people 60" Applause.
Opposition to special privileges is
a cardinal principle Of the American
Democracy. 1t is coeval, co-existent
with Democracy, and without it De-
mocracy in its true sense must cease
to exist. On the other hand special
privileges and a specially protected
class form the cardinal and essential
feature of the Republican financial
policy. While other debts, including
the pension Of the mother for the
blood of hcr. martyred son, were made
payable in paper, the interest and
finally the principal Of the bond was
made payable in gold. When con-
traction crippled the country, and
brought the financial panic upon US,
and drove the money of the people
out of circulation, it left the income
Of the banker and bondholdcr IN
touched. 1t increased the purchas-
ing power Of their money, and took
from the property of the people the
credit to contract debts or the value
to pay those already existing.
When the tax-gatherer comes-as
come he does-with the certainty and
almost the relentless severity Of death,
the bondholder and the banker sit
serene and happy in the possession of
assured incomes on exempted proper
tF. Their tax is charged to the
farms and work shops of the country,
q special prighigs. before which the
products Of the farms, ard sol1es
.aga] fi5sisss eafs Ike the. yer-
d6fef the Western. prairies before.
the grand army Of grassh6ppers and
locusts. !
When the farmer or the mechanic
desires to negotiate q loan. he pays
from ten. to twenty per cent. per an
nun, and gives 4 mortgage on his
home for security. The owner Of
Federal securities needing currency,
gets it at two per cent. per annum in
Wall street to day, depositing his
bonds as collateral. Why, men of
Gallia, count all your real estate and
all your valuable matters in Gallia
county, and it would not secure you
at the Treasury of the United States
enough money to start a National
bank in the city of Gallipolis; bat
the owner of Federal securities not
only obtains the necessary currency
but the accommodating Treasurer Of
the United States pays him six per
cent. premium on his capital, to re-
ward him for engaging in money
loaning and shaving you out of exis-
tence. A net premium of twenty
millions in gold to maintain this sys-
TEN of National Banks, each year, is
but single item in the long line Of
special privileges before which your
commercial progress and your indus
trial prosperity is rapidly disappear
ing. Truly hath it been written
that "To him that hath shall be Civ
en-; but from him that hath not shall
be taken away even that which he
hath"
They tell US that it is not Demo-
cratic to fight contraction; that it is
not Democratic to fight these special
privileges; that they are to go on, and
on, and on, like Tennyson's brook:
Men may come. and mer may so,
But flow on forever"
l have heard it stated that there is
some high Democratic authority for
saying that it's highly undcmocratic
to be opposing contraction and 4 dis
astrous return to specie payments.
Why, / understand that that emf
nent philanthropist, Jay Gould, who
was partner, or, more titly speak
ing, pal, Of the distinguished tinan-
cier, Jim Fisk, thinks it would be
very undemocratic to oppose con-
traction and an immediate return to
specie payments. That timc-honor-
ed, weather-beaten, moss-covered,
hickory-iacket. unwaShed Democrat