Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-07-02
MORE MONEY-THE OHIO PLAT
FORMs


The New York Herald does not ap-
prove the money plank in the ONO
platform. Indeed SO little does 1t
favor the proposition to make the cur
| rency of the country proportionate to
the requirements of it's business that
it regards such policy as but little
better, if any, than Grantism With all
its stupidity corruption and lawless-
| ness.
If the Ohio platform should prevail
the Herald thinks the New Workers
would become very FESTIVE under the
loss that this would infict and they
would moralize with energy upon the
system that thus determined their
comparatively local concerns to suit
the fancies of the sparse Inhabitants OF
the lands in which the love of wild cat
currency is endemic At all OF which
we keep dry eyes. Indeed when we
remember how long the local concerns
of the "sparse Inhabitants of the
South and West have been regulated
to suit the fancies of the money sharks
of the eastern States the old proverb
that tells us courses like young chick
ems come home to roost" involuntarily
comes back to us.
For thirteen years the country has
been grooming under the burdens of a
financial system that served only to
make the rich richer and the poor
poorer This was done by enforcing
| one financial system throughout the
whole country regardless of the fact
| that the requirements of the different
sections were entirely unlike; in other
words by requiring the "fparse in
habitants" of the South and West to
conform to the requirements of the
populous East rather than their own.
But the times change and we change
with them. Then the East, with it's
money, was all powerful; now the
| s'sparse inhabitants" of the South and
West are about to gain control of
public affairs, and if there must still
be one unbending iron system for
meeting the wants of the country in
the matter of facilities for the transac-
ton of business the populous East
must go under the yoke. Henceforth
the volume of the currency will be
regulated by the requirements, not of
New Workers and their monied
brethren, but by those of the "sparse
inhabitants" of Ohio, North Carolina
and other Southern and Western
States. The curse of regulating the
local financial concerns of one COM
munity, by making them conform to
| the requirements of another commu-
nifty. promises at last to plod home
ward but with no weary step.
Of course our monied brethren of
the eastern States deplore the pros
pect before them. and are beginning to
look around them for some escape,
and notably is this the case with the
Herald. That far seeing paper has
long scented the danger. 1t now fully
appreciates the impolicy of attempting
to make the wants of trade conform tc
one unb ending rule, and suggests that
it will be better to permit each COM
munity to decide the question for it
self-in other words tie abolition OF
the National Bank system and the IL
corporation of the State banking insti-
buttons, by means of which the law OF
supply and demand and not the inter-
ests of monied sharks in New York and
New England will determine the
volume of the currency in the several
States. AS it's readers know this is al
ready the platform of the JOURNAL.
Let us have peace, and let us have
no interference in our local concerns,
financial or otherwise.