Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1875-10-27

IN the cpractlcal recognition, and patient
application Of the curse originally pro
nounccd on man sin the sweat of thy
face shalt thou eat bread"
"The common sense principles, the
old-fashioned doctrines that are In daily
use in the business life of n practical
honest and earnest man Of the world
who seeks to obtain wealth, are those
that are best fitted tor our present con
diton. All Others willprove fallacious
Labor and production, industry and
frugality are the only sure paths to
competence for the individual, and
through these, and the development Of
man himself we will find the firmcst
basis for the national credit, u safe
road to resumption, and the certain
payment OF the national debt. Reduce
the expenses of the Government, put
an end 20 extravaganza of all kinds
therein, economize its means, remove
the curse Of uncertainty and instability
that now oppresses the South, let white
and black brain and muscle, acting for
their individual gain, give us back our
great Southern staples, develop all of
our immense resources, and cause the
hum of industry to pcrvade the land,
and thus rc.cstablish the credit of the
Republic.
ltisfor Pennsylvania to stop the down
ward progress of the business interests
of the people. Her voice is potential.
The success OF the Republican ticket
in Pennsylvania will bo claimed and
heralded san endorsements OF the policy
OF the administration at Washington
upon financial issues. This of course
includes the policy of resumption in
1879. With that success your hope for
recovery from your business distress
will vanish for, like the prisoner in the
iron room the walls of which imper.
ceptibly but certainly grew together,
you will see your doom approach and
the hours OF your business life will be
but span.
Upon whom rests the responsibility
for this statute for resumption without
preparation? Let us look to the rec
ord. President Grant signed the bill
on January II, 1875 and sent in a
special message applauding the BILL
but in that very message he recognises
its unftness to produce the result it
attempts TO reach for he says. at is
80 subject of coDgratulation that q
measure has become q law which fixes
80 date when specie resumption shall
commence and implies an obligation on
"the part Of Congress u in lis po,cer to
"gire such legislation as may prore neces-
"sdry 10 redeem this promise. To this
"end call your attention to few sug
"gcstions" He then suggests restora-
tion Of the duty on tea and coffee, to
produce revenue for this purpose, and
repeal of the ten per cent. reduction
Of the tariff Neither of these sugges-
tions were acted upon and the infer
ence is irresistible that the President
himself did not consider the bill ofany
value in restoring specie payment be-
cause there was no provision for row
enuc to make il ofiectual.
The bill was passed through the
Senate of the United States on the 22d
OF December, 1874, BY strict party
vote. All who voted for 1t were Re-
publ ans, all who voted against It
were Democrats, the result was "a
yeas, IA nays. In this form 1t went
to the House and then u also passed
by a party vote. The bill came to the
Senate from Senator sherman Chair-
man OF the Finance COMMITTEE Sena,
tor Schurz who finally voted Tor il,sa'd
when 1t was proposed 10 take IL up
"We may all be agreed IN regard 10
" the general object but the senator
" IRON ONO Mr.. aherman) wiz ADMIT
that simply to resolve 70 resume
specie payments would not accomp-
lish that result, that some method OF
preparation for that event must DC
adopted, which as everybody knows
Us very delicate ana important
matter
when the blli was under cohsidera-
tion Senator Thurman sald pass the
blll IN its present shape ana instead
"oi settling, you VIII unsette, instead
"oi hxing, you WIN unnx the mlnus
oil the people. u WIN not 90 ior
my colleague TO say 10 the business
men OF the country you can shape,
your business III perfect sa'e,y anu
rely on the pledgc OF the Government
that from the ISL oil January 1873 We
VIII have specie currency, iha' Is
entirely TOO small a foundation on
which to build any such superstruc-
ture as the respumtioh Oh specie pay
"ments.
Mr.. Thurman then proposed inc 'ol,
lowing amendment mat from ana
after June 81, lso,one twen',eth part
"oi the custom duties shall DC paya-
'pie IN omteu states iegai ,ehuor po,es
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