The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1875-09-23
IFor the News.
Col. LoudOn'S True Senti-
ments on the Finances.
He Talks One Wayin Prirate and AnOther
Way in Public.

way ~ I>uOt1c.
EDITOR NEWS Since that political hermaphro-
dite, Loudon, has become one of the apostles of
that disastrous 'iniation' policy, and has made a
speech to our citizens, large portion of which
was in defense of that folly, thought, in justice
to the people to whom he appealed to support Bill
Allen and bis ''more money" scheme, it was my
duty TO tell them what heard him say in priUate
am going to relate the substance and the exact
words, so far can, Of a conversation that took
place between Col. Loudon and another hard
money Democrat
This conversation took place in my known pres
ence and hearing, the next morning after Barnum's
show was at this place, and if Col. Loudon had
kept still 1 would have done likewise.
The conversation was about as follows:
Democrat-Well, Colonel, .how's politics down
in your county,?
Colonel-O, 1 guess 1t Will give about the usual
majority.
I. pem.-Do you think Allen viii be elected7
: Colo, yes, think Allen will be elected by some
twenty or twenty-five thousand.
Dem.-Wen, a month ago thought he would
be elected too, but I'll swear don't think so now
But how do you think the school question is going
to set with the people?
OOl.-hell, L OcuI kuOWs uOnL I0l0k LQaI
there is much In the Geghan bill ont of the way.
Dem.-No, I don't think there is either. There
is nothing in the bill in addition to what the Con-
stituiion allows any one; but that is not the point
The passing of the bill was suspicious circum-
stance and shows that the Democratic party is ready
to sell itself out to any Sect for votes and we've got
make ourselves square before the people on this
question. But how you on the money ques-
ton? Are you for more money?
Colo, yes, for more money.
Dem.-WeI, I'll be d-d if am. For while we
have an irredeemable currency, business will be in
state of stagnation, men will be out of employ
ment, and times never viii get so that people can
live. You assure the people that we are going to
resume specie payment at some set day, as the Re-
publicans have, and from that moment, business,
which is now so dull, will 'liven up. Then we will
soon hear the rumbling noise Of the mills and
manufactures, that are now standing idle. The
men who are now lounging around the streets of
the cities and towns, who all but starving, will
be called into respectable employment, and they
and their families will be comfortably supported.
Why, Colonel, while the currency is in such
fuctating state 1t is now, there is nobody going
to invest in mill or mandatory of any kind, or
Ouy 5tOSh VI AhoOE W start Ouc. TUT luStdHCc, VIC
will suppose man takes $4,000 in greenbacks to
buy stock and start some kind of business. At
present the greenback is worth about 90 cents in
gold on the dollar. He buys his stock, starts his
business. Two or three months afterwards, the
greenback currency, by an increase in volume
depre ciates to sizty cents on the dollar Now
every dollars worth of goods which really cost
him ninety cents, is only worth sixty cents.
1t is Just the same with everything else. If O
man did start some manufacturing establishment,
and thus give employment to great many almost
suffering men who are now idle, the materials
which he is obliged TO purchase are liable to de-
preciate on his hands in value to one-half what
they cost him. Now, with all these facts before
them, business men are wise for retiring from
business. And then the most abominsble feature
or result of the Democratic financial policy, is
this: / have said the greenback at present is
worth nearly ninety cents on the dollar in gold.
The Democrats propose to swell the present vol
ume to twice its present amount. Don't you see
that this will make the greenback worth just half
what it is now, or not quite ortyfue cents on the
dollar? So that the man who borrows one thou
sand dollars to-day, in greenbacks, which are equal
to about nine hundred in gold, in two years from
1
1t off with what is equal to about four hundred and
fifty in gold, although he should hand him back ex-
actly the same pieces of money he got of him.
Then any man that has money will not lend It
unless induced so to do by an extortionate rate Of
interest, thus grinding those who have to borrow,
for fear that he will be defrauded out Of half of il
in the manner that have just described. The Ia
boring classes cannot find employment because the
business men will not start their manufactures
where they could get work, for the reason that
have before mentioned. So you see, the Demo-
Gratis, instead of protecting the interests of the
people, are Destroying them-
We don't want more money, but better money
reliable money.
Col.-That's sO-that's all so. But here's the OBJ
ject Everybody knows the times are hard. Any
amount of laboring men are out of employment
Now the rural mind moves slowly. The people in
the country are not informed as to their best in
terest about money affairs. They think that ii
is because there is q scarcity of money that the
times are SO hard. They don't know that if we
should give them twice as much irredeemable mon
ey as they now have, they wouldn't be any better
o-that it would depreciate in value in proportion
as the volume of greenbacks was increased. Tn,
| dDOTllR Clhcbts NduL GHeT pOChelS eluue0 VI
money, although they really wouldn't be any bette
off than they are now. So the Democratic speaker
will go around making speeches to these ignoran
people. They will tell them that 1t is on account o
the Republicans contracting the currency, tina
they brought 10 this miserable condition. TheI
will tell them that the scheme proposed by th'
Democratic party will give them plenty Of none
and enliven business, that the laboring men viii
get employment then, and everything will be in
state of prosperity but it will be exactly the op
posite of that. By these representations the igno
rant and lower classes will be induced to vot
Democratic, and we will thereby elect our ticket.
Just here the conversation ended on this point
and few other remarks were made about othe
matters, which are not necessary here to mention
Now, want to know if the people, in view o
COL Loudon's past record, and after he has prac
tised such infamous demagoguery on them, wi
have confidence enough in him to believe Gnythin
, he says. And if Col. LOudOn, or any other Dem
ocrat, denies the truth of this article, you, Nj
Editor, have perfect liberty to tell my name an
where can be found, by any one calling on 20
for the same.
The fact is IL Col Loudon had been man @
sufficient stability for the Republican party to hay
ago, he to-day would have stood by them on thei
glorious hard money platform, and told the Peopl
, what his true sentiments are. He would not has
told them that Grant was disobeying the ConstitJ
tion of the United States in sending Sheridan wit
his men down South to check the hostilities
those murderous marauders, of whom the Demt
cratic party is so largely composed. But he wou
have told them that it done in response to II
appeals and entreaies of those who desired to lii
in peace, safety and obedience to the laws, both
3 God and of man. He would have told them TIL
, Grant would not have discharged his sworn duty
the PEOPLE of those States or the United States, III
l less he had taken some action in the premise
And as to whether he did the proper thing, won
rather risk Grants judgment than Loudon's.
:, All these things go to show how an Unsuitable
sire for Office, when once defeated will so derans
] 3 man, that he cannot act commercially himself
treat the people honorably.
But we have great many Democrats who, Ill
Loudon believe that the only safety in the inanci
affairs of the country, s to resume specie paymer
(, but who src too stubborn to vote as they are CO
e vinced will be most to the welfare of ihemselv
and the country, and are therefore going to 70
for Bill Allen and Sam. Cary. We think this ful
i and forcibly Illustrates the old political maxir
. that "idelity to party is, oftcntimes, treason
country" n.
/ Sept. 90, 1875.
Hayes drew 81 800 for the nine months OF h
l. second term in Congress- for which he rendered
Y services at ALL he having resigned, and Gen; Ca