Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1875-11-19
The TInnnnInl nnAsiInn.

AN - AHeAehAA HhboNAVMs
The following, from tho Cincinnati Ga
sette is a very lucid statement, but no 30
lutiony Of the financial question:
Senator SHERMAN says whenever the value
oi the Rreenback dollar can be kept At So, ALL
verpayments can be maintained. II Is euualIy
plain that Whenever the greeubaok can be sus
lelnea o. ys1s In gold, gold payments can be
na'n'ineu but the troublesome question TO be
setleu Is, how 10 get the paper dollar up snd
keep " there. The short way would be 70 with
draw and cancel outstanding greenbacks and
repeal the legal-tender act /; but that would In.
volre general bankruptcy, and we may be sure
no political party will attempt Il. Another and
more gradual way must be contrived and II Is
surprising that the financial minds Of the couu-
Wy 90 not get together and present plan that
would help the politicians out of the muddle.
here Is nothing In the resumption act that can
DC called plan. II was adopted as a comprn-
mise between inAationists and csntrsctienists,
and was useful In so far as Il indicated deter
mutation 70 move In the direction Of specie
payments and 10 roach that point as soon as
practicable Beyond that il will amount 10
nothing, aud in this light it is regarded by 6nan-
clai men generally. As II stands II Is a mere
scare-crow, and Il may be useful as a warning
until some sensible plan can be suggested
tnough people are rapidly arriving at the CON
clusion that II is sham crow ana il is not dan
gerous.
When the war closed between Germany
and France, prophesies went forth from the
newspaper press In all parts of this country,
to the effect that France, beaten, wounded,
and demoralized, would be dismembered
and obliterated from the schedule of Ma
tions-that the indemnity demanded could
never be paid; and that other provinces
would be added to Alsace and Lorraine,
and passed over to the victor, until the
whole OF France would be absorbed. -Four
years have passed. The whole of the in
demnity has been paid in gold, to Germany
and France has received it all back again
in exchange for the products of her indus.
try during this short period. II can hardly
be claimed that "luck," or Providence
alone enabled the French people to thus
flank all the misfortunes Of their terrible
situation and though Nature did much
for them, Statesmanship must have been
the chief lever in their elevation
and though they were subjected to
like wrunglings and the internal commo-
tions common to other nations undergoing
the throes Of great political excitements,
French Statesmea remained true TO Franc1, and
the result is before the world.
A decade has passed since the war OF
the Rebellion closed in this country, and il
the StatesmNnship of America has devised
any plan by which the American people
may he enabled to shake off their indebted
ness, and rise superior to the misfortunes
which surround and bear them down, Ms
dfd the French people, we have failed TO
find it, or see the benefit of it's workings in
the land. We surely hare Statesmen in
this country who nre competent to grapple
with and solve the financial problem, and
it is about time they were brought to the
front, and the political trickstcrs retired.