Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1875-07-29
For the Gallipolis Journal
The Financial Question.

No political heresy ever advocated
Except secession) WAS more prolific ol
universal harm than is the one of infla-
ton now being urged by Ohio Democ-
racy.
The political leaders who are now
marshaiing the democratic party under
the ereenbaek banner belong to one OF
only two classes.
They are either reasonable to the in
terests of the masses and shouting pam
ic, nanici hard timesi hard times!
for party and personal advancement,
or they are entirely too Ignorant to
know that their success means ultimate
,lepression and reputation.
The first named class is dangerous be-
cause they deliberately plan mischief,
and the last named is equally dangerous,
olthouoh not SO wicked because not so
wise. Hard times are upon lis, and that
none will dispute. Greenback and ma
tional bank currency is the best we eve
hod for reasons that we need not now
allude to, hut the demagoguery and ig-
noranee of the democratic party will
not stay the panic nor bring good times.
Had it not been for the temporary sue
cess of the Democratic party at the late
elections, public confidence would have
been restored and the hard times would
have soon abated. While any party in
this country maintains principles so at
variance with plain principles of COM
mercial honesty as the democratic party
in Ohio now does. we cannot hope for
the revival of confidence necessary to
start the industries of the country.
Democratic demagOgues have an ap-
parent good issue when they stump the
country in favor of more money.
More money is what everybody wants.
The man who has much or little money
wants twice as much as he has, and too
few there be who care how they get it.
But this .more money" cry is fraud,
and on the poor especially. Labor is
now at rs low price as it is likely ever
to get, while living is cheaper than it
ever was.
Double the volume of currency and it
will double the price of present living,
but labor, as heretofore. will be the last
thing to advance in price, and when ad-
vanced will not be proportionate to 9TH
er advances.
Common and skilled labor if now en-
Moved would be far better off than un-
der any temporary imitation produced
by grinding out greenbacks, and all
kinds of labor would be in demand if
capitalists who only can employ it were
not afraid of the devilment threatened
by the Ohio Democracy.
Panics in the commercial world pre-
vail and are not confined to this cOun-
try: they arise from several causes but
oftenest from loss of public confidence
in monies or credits.
The United States has nearly passed
through trying ordeal. The daylight
for commerce and industry begins to
glimmer, and if the sound business
principles of the Republican party pre-
vail in the coming elections, we will
speedily see the full glory of the rising
sun of prosperity.
If on the other hand the false and
unsound issues of the Ohio and South
ern States democracy prevail, we may
bid farewell to hopes for good times
now entertained, and prepare ourselves
for semi or entire reputation of all
financial obligations on the part of both
individuals and States. The panic
which will result from the tearing up of
the National Bank system as proposed
by Tne Democracy of Cincinnati En-
uuirer stamp, will he racre disastrous
than any known since the failure of the
old United States Bank. The Com
munist element of the country and the
unrepentant rebels of the South who
want to repudiate their own States
debts and also the debt incurred by the
Government in putting down their re-
bellion, are anxious for general crash
which may result from the disturbance
of our present financial system. The
above named classes with other dishon-
est ilk can only be protited by repudi;t-
ton, while the honest worker, whether
his work be with his means, or head or
hands, will suffer irreparable loss. lt
is q pity that the honest majority of the
Democratic party do not see the folly OF
training with the demagogues who fool
them with their speciOus theory of
"more money" When there was a
fearful war necessity for large volume
of greenback currency these same
demagOgues who are now crying so
loudly for it, was then bitterly opposed
to it. They contemned and ridiculed it.
They said that they had to take bas-
ket full of shin-plasters to market to
buy beef-steak. What has come over
the spirit of their dreams? Only this,
viz: The people are all hard pressed, and
by promise of good times when they get
power these demagogues are getting the
attention of the people. Fellow-citi-
zens, repudiate these demagOgqes and
false charmers, for they promise what
they cannot give, just as the father OF
liars and demagogues did when he
promised the kingdoms of the whole
world to Him who made it, if the
Saviour would worship him but min
ute.