Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1875-09-16

much IN speculation lafeu the DeSI.
But what did they not suffer in their
market? Nothing of present i'm
portance to the farmer. The mar
kets and prices varied with a
rapidity which was astonishing.
Take the prices of lS4l2, and COM
pare them with those before and
those after. So with each bank sus-
pension down to 1861. The Demo-
cratic party had persistently opposed
National Bank. They were in
power and their theory of finance
was precisely what their theory of
politics was. 1t was States rights,
and State banks, and State currency.
Their politics broke out in the re
beliion, and their finances broke out
in the failure of every bank in the
country. Is not that the strictly
true history of Democratic financier-
ing in the long period IN which the
Democratic party was in power?
But now they are so much in love
with Republican currency thst they
want to cover the country with it,
and make it into bed-quilts and win
dow curtains. But what was the eff
feet of the Democratic financiering
on markets and prices? The effect
was that the prices of one year were
doubled in the West, and that of the
year after reduced to half No far
mer. could calculate on the value of
his crops, even if Providence favored
him with the most bountiful harvest.
Such was the instability, the uncer-
tainty, the failures and the disasters
of our currency and banking system
(with total want of system, when
the Republican party came into
power. On the verge of the terrible
war brought on by Democratic blum
ders and follies, the Republican par
ty was obliged to adopt some finan-
cial measures which could be man
aged by the government and give
confidence to the people. They
adopted at once the true constitu-
tional idea. They nationalized the
finances, the currency, and the banks
of tlie country. They issued the
notes of the government, and they
established National banks re-
sponsible to the Treasury. The
system is one. 1t is national,
it is sustained by all the re-
sources of the government, and to
the credit of the American Nation.
Its effect on the country was instan-
taneous and invignrating. In the
darkest hour of the war, when the
notes of the government were, in re-
gard to European ideas and stand
ards, largely deprecated, this nation
al ctffency Supplied TO every farmer
and mechanic safe and convenient
medium of exchange. From 1852 to
this day the farmer has this good
and safe price for all his produce.
There has never been fifteen years
before in our history in which the
farmer was as well off. This was the
financial worth of the Republican
party. 1t nationalized the currency
and the banks, and the finances OF
the country stood as firm rs its ar
mics in the field.
Again, the tariff is not now in dis
cussion, but it is well to mark the
Democratic party in this. 1t will
not be denied that the spirit and tenn
per of the Democratic party is
against a protective tariff. Well,
suppose there was none, what would
be the result? 1t is the working of
a machine which shows what. its
value is. If your moving machine
won't NOW there is certainly no use
in it, and you have spent your money
in vain. But if it does. NOW, and
saves you money, then it is Il good
thing. Try the tariff by that stand
ard. Labor is so cents doy in
Great Britain, q cents day in Swe-
den, and still less in Russia. Sup
pose it is so cents everywhere in Eu-
rope; then, if there were no tariff,
the American laborer must either
have his wages reduced to the Brit
ish standard or the factories must
stop. The tariff, therefore, is pro-
tcctive then only to the American
workmen. The gentlemen politicians
who make Democratic speeches and
show how foolish we are for sup
porting the tariff, want to trim broad
cloth coats cheap. To do that he
must take half the wages of the la
borer. or make him a competitor
with the farmer. Now, we see al
once a child could see it-that this is
burning the farmers candle at both
ends; first, by reducing his market
(the laborer at work having to buy
of him, and making that laborer 9
competitor The only alternative is
that the laborer in the factory will
work for half wages, Farmers o
Ohio, must you not lose by either Of
these alternatives? On the Other
hand, the Republican party raised
the tariff and made it protective O
the farmer and laborer both. 1t en-
acted the tariff of 1862, which sub
stantially remains. What has beer
the consequence? Instead of dimin
ishing our exports and imports as the
free-traders would say, they have i'm
mensely increased, and the farmer:
home market never was better. VIZ
are now exporting 5000, 100000 wortl
of farmers products each year, ant
on turning to the market columns o
the Gazette / find that corn in Gin
cinnati is IA cents per bushel, ant
wheat 81 40 per bushel, Then W.
have an increasing market and goot
prices under the Republican tariff
| Is that state of things you want t.
change? You can easily do it b,
putting the Democratic party il
i power. Under the Republican cur
rency, the Republican tariff, the far
mers of Ohio are prosperous beyont
ANYTHING eyer known in this country
All the farmers want-the best the,