Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1875-10-06

VIII be the harbingor oi victory TO 0ul
candidates and sncccss to our princi
pies. ] invoke that harmony and
invite you to the energetic work that
the unity which springs from abnega
ton of self invariably gives.
You have-blazoned on your banpers
the names pure and competent men
you have onunciated a platform Of
principles every thought OF which is
Tor good government every impulse in
the interest of the masses. let uf
proclaim them now with the ringing
shouts of united, defiant and aggress.
i've Democracy. W.
In the attainment Of good ard pure
government, in the hcdcthroning ofwrong
and the enthroning of right we hope
to be succorcd and seconded by thou.
sands of conservative men who are
weary Of the ccaseless round Of gov
ernmental jobs, of continued interfer-
cncc with local government, of foolish
expenditure of the peoples money and
of financial system that is the curse
of the country and the cause Of its
business prostration. We invite and
welcome all such. The tencts Of our
political faith are attracting crowds Of
of converts, whilst the mismanagement
and extravaganza of those in power
increase taxation, destroy business and
absorb the surplus earnings of the pee
pie, and whilst ring rule and frauds,
peculation and Jobs arouse loathing and
disgust in the minds of honest men
everywhere. The affairs of the busi.
ness man languish and he is upon the
verge of bankruptcy Tor want ofmeans,
whilst money is drug in the hands Of
those who do not need il and are afraid
either to use it or to lend it. The Sc
curity that the majority Of business
mon are able to offer is rejected as in
adequate ore the rate they are compel
led to pay for accommodation is but
ruin postponed. The inability Of the
Republican party to recognise and act
upon the plain rules of common sense
and common honesty in the manage
ment of the finances has produced
financial panic and wide spread com
mcreial distress. Hating remedies, in
competency and extravaganza at Wash
ington are the causes. The Republi-
can party is responsible for these and
a change of rulers and OF policy is the
only cure Their ignorance and blum
ders are crimes against the people and
in the present condition of affairs are
found abundant proofs of their inabli-
ty to grasp the finapcial problem and
of thriftless and extfavagant admin
istration of thegovcrnment. l
By statute and by judicial decision,
by the doctrine Of necessity, and by o
reconstruction of the Supreme Court
they have forced upon the country the
adoption Of a legal tender paper cur
rency and have thus violated the teach
ing and traditions OF the Democracy
as TO the true meaning of the constitu-
ton, and without preparation and to
the lasting detriment Of the whole bu-
siness community they enact statutes
for prompt resumption of specie pay
ments. They would adjust the bust
ness life Of every business man to their
Procrustean bed. Ii he be too long or
require more time to be ready for in
evitablc sbrinkagc, they cut him off to
fit the bed. Without preparation,
statutes for resumption are vicious.
The condition must procedc the stat.
ute, not the statute the condition. No
candid banker will say that the coun.
try will be in condition to resume in
1879. Why then enact this statute ?
Why vex and distress the BUSINESS
man Why has not rctrenchment
marked every hour OF tho past ten
years IL resumption be the honest pur-
pose of those who rule ? During four
years OF war we have expended three
thousand millions. During ton years
of peace we have spent as much more.
The Erie platform does not mean in.
definite postponoment of specie pay
ments. There is no word or limo in II
anywhere that recognizes or enforces
such doctrine. Its whole thought, as
| view it, is for ease 70 a heavily bur
dencd and ovcrtaxcd people, who are
willing to pay their debts if they be
given the time to recuperate their cx.
hausted energies. Had those who
thought as | did been permitted TO OK.
press their views of the subject In their
own language, we would have declared
for return to specie payments by
steady approaches, but for resumption
only when rctrcnchmcnt and economy
had produced the condition essential
to its success without distress TO tho
people; but ] did not and / do not diff
fer with those who formulated the ideas
of the Democracy at Erie when they
demanded that the policy aof q forced
resumption Of specie paymentswhich
had already brought disaster TO the
business Of the country and threatens
general bankruptcy" be abandoned
May We not ask for time 10 breathe
Is il strange that the people grow rest
i've under the system that 50 heavily
oppresscs them? Arc there to DO nc
moments of rest for those who have
saved as well the unity as the faith o.
the republic? Isthis generation to be
forced into bankruptcy in order that
the next may bcirccd from debt? Nc
wise government will bankrupt It's pco
ple for a ianciful idea. II is the patti
Of practical craftsmanship TO postpone
the hour Of resumption until tbcpcopl'
arc rested from the cxhausting pro
ccsscs Of the past ten years. Turr
with me to the official records Of YOU
government and you will be astoundet
asI have been, at the enormousnmountl
ofmoney that you have paid in tha
time.
During the ten fiscal years begin
ming July 1st, 1865, and ending Jun,
3Oth, 1875, you have paid for interes
on the public. debt, navy, war, civi
service aud pensions and Indians q to
tai Of s3,32i, i,5CO,7si. Thepublic deb
on July |, 1865, was 81, ,6S2, ,592, ,026
on September I, 1875, Il was e2,127,
393, ,s26 debt paid in ton years, s555,
100, 100. Adding this to thesum tota
before given we find that in tho pas
ten years we have paid s3,s79, ,759, $40
which is equal to the whole nafiona
debt Of Great Britain. No moro OK
haustivo labor has ever been imposes
upon any people. is IL strange tina
under this continuous strain you ar