The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1875-12-22
C0NTR4Cz1oE8TzIE 1cT0Rf0 Us.

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C0NTRACznoEsTzLL V1cT0RFO Us
President Grant, after having fully
surveyed the field, and calmly oh
served the effects of the contraction
theory announces in his message to
Congress his determination to fight
it out on that line, if it takes all sum
mer,' lie still adheres to the opin-
ion that the Government ought TO.
and can, resume specie payments in
1879, and even earlier. The SEN
. ate of the United States is still Re-
publican, and no doubt theIdlear an
nouncement made by the President
on this subject was known to be in
harmony with the views OF that body
before It was made. So that contrac-
tlor is victorious at Washington.
A few days since, delegation
representing over four thousand
brick-Iayers. residing in New York
City, waited upon the author les m
that city. and asked TO be employed
upon public works in the city, rep
resenting- that not one in five of their
number had present employment,
with no prospect Of any employ nlent
in the future, ana plainly indicating
that unless they could be employed
and paid, they must starve or stead.
This is only one Of the trades, fol-
lowed by workingmen in New York,
as we'll as in every other large city;
and this Is only a sample orthe con.
dition of the working classes in all
our towns and cities-neariy ali IN
employed. Contraction is clearly
victorious among over the working
men in the cities. -s-r...r 9Fr.-
Some months since, the Sheriff Of
one of the fiourishing towns in Alas
sachusetts found more prisoners on
his hands than he could accommo-
date with room. He telegraphed to-
nearly all parts of The State Cor pris-
on room but from every town, came
the. answers, "we are full" g no
room,''' crowded. and the like.
The New York Tribune cornmenting
about the matter, gives the true rea-
con for there being no more prison
room in Massachusetts, whenit says,
WHEN work shops arc. empty, pris-
ons will be FULL The work shops
are empty because their owners have
not the money to fill them. We con
clude from these facts that contrac-
ton is victorious in Massachusetts,
and other New England States.
On this part of the line, we see our
mechanics like those in New York,
largely out of employment, because
no man hireth them. Nopody has
the money to pay them. We see the
wheat crop upon which this section
of country SO largely depends, going
off at an average of about 90. cents
per bushel, notwithstanding the fact
that the. crop of the entire country
is not more than three fourths of an
average, and Notwithstanding short
crops nearly all over Europe.
The corn crop. which rs an abdn- /
dant one. started as high as 40 cents.
and thus gave hope of bringing some
money into circuIationi but 1t has
declined 10 S5 cent?, and viii doubtsI
less 20 lower. So that SO far as this
country is concerned, there is no ma
terial relief to be expected from this
source. Meantime, most aFticles
which orr people are compelled toi
buy, such as sugar, coffee mciasses,
shoes, &c. keep up at fun prices;
and tile tax gatherer.stil presses his
claims and the National Banks still
keep their rate OF interest at "out-
side quotations" .Copractipnv is
victorious. beres alsoa sls6Qls 4
And still the battle RACES all along
the line, ind at every pOiDs The ear
is greeteet on. Tic one fiand spy. thc;
shouts Of aEictoFs, afwly0 bold thesl
bonds ana tho fhone5- j ia isen ~
other by the gr0a fls s0F be- N,otfhsi e
and fhe dying. laiasiig The tOiing
millions --tbe nioneyless massesl