, 1875-08-19

The "11on." Is. +. BUTLER and tho ttHon."
AIosgs W. FIELp-4ircades ana1o-are tho
1atcst rag-men iu tho field. BENJAMIN Inns
burst out in letter to Tho illegal Tender
Club of New York City, and s1oaEs has is-
sued flaming invitation to tho universe Ia
come to q "Grceuback Convention some-
where or other, and do unutternbla things.
Wo aro sorry to learn from tie former that
tho I" financial policy Of the country las do
prived over two million working men and
women # of work during the Inst two years.
We would not have beloved this, had any
ono less truthful, less reliable, 1cKs honorable
in every way, than BENJAMIN told us. 4 few
figures will show how remarkable Lis dlscov.
cry il. Tho ao,o 600 peoplo in tho United
States mny be roughly elasseA rs 2o,o0o, 900
Of rural and 70, ,t]o0, 900 Of urban population.
None of the workers hmong tho former have
last employment. Tho farming classes havo
had plenty Of work and steadily prosperea.
The =, 000, 900 OF whom BUTLER writes must
have been drawn from tho cities and towns
But these q, ,000, GOO active workers represent
according to tho average calculated from the
census Of 1870, five times as many persons.
The two million havo eight million depend.
ent upon them, so that financial mismanage.
nlent at Washington has rendered 10, ,0o0, 600
people dependent on charity tor q living
This is just falf OF the whole urban popula-
ton And this, DO 1t remembered, Ia in ad-
dition to tho porsona who were ont Of work
before tho panic Of 1879. Rcally, il tlis
thing goes On much longer, dwellsr in
III I'm nj.
bo q curiosity. DARsuM will engage hin, and
the ton, twenty, forty million AMERICANS out
Of work will go to thu circus-adn,ission, fivo
pounds OF 3. 05 scrip bontls--to SOC tho mar
vol. Tho fact Of the case Ia, that tho number
Of persons In the country who arc not capable
OF work, want work, aud can get nothing to
! do, in consequence OF the panic Of 1879, num-
Der nearer 200, ,ooO than ESQ 900, and is GEE.
tatnly not above the latter figure. They are
kept out Of work, not by lack OF currency,
but BY luck Of 0 market. The currency is
| ovoE-ahundant. Many millions Of 1t arc geek
ing rcinuaeratlyo Investment iu vain. ANY
! reputable manufacturer con borrow ell the
| working capital ho really needs. He docs not
borrow, and 10 docs not employ moro hands
! than he needs, simply because be could not
soll the extra goods their labor would produce.
America produces more goods than Amer
rica can consume, 4 high tariff prevents ouz
| exporting the surplus. 1t accumulates on
! our hands, and stimulates tie foyerish spaou-
latiou that leads to commercial orisaa, and
thrSwa labor ont Of employment II the
tariff were cut down 10 that We could export
| the surplus produots Of the anvil and tho
loom Az well A. those OF the plow and the
hoe, the new market would speedily employ
tho hands now kept idle BY the lack ot =
market.
II BEssAx1s's wild-exaggerations, let rs
say,-fwere even approximately true. what
| should We do? Just in the niok OF time
Mosza appears with an Answer. Moaxa knows
all about 1t. Omniscisnos IN no nams for II.
MosKs says, In hs annboyant call, that
"falss and 1idous Liquidation" u what's
ths matter. Just ~. =. Aud " lsg.