The Republican journal. [volume] (Belfast, Me.) 1829-current, 1875-08-05


Pi'sslng; nor do | fail to see that p0l.fi..
science must remove these defects or tn. -.
all se,i WI WI fall Thoughtful men have suggest
~ aelne;'les anu other systems. This j. not th
OCCASION lor their discussion. ! viii not dl-
cuss to-day the merits of valur of rurrr1,.
ana paper currency and mixed rurrrneg au.
mercantile currency. | will not stop now
inquire whether the best possible system h..
: Deen adopted. The house il burning: af Do.
put the fire out and then we may cou~i.i.
whether we will repair the inurie. or build nr
another plan. ! cannot fore,ec what truth
; investigation may evolve in the future. fu
the present, repeat
AN a IIAKD-MONEI MAN.
| believe return to specie payments ~ll'u.
be Kept steadily in view in our legislation iu.
f acllon and that wise stateman>hlp viii ~r't
the means OF reconciling such return with tI
[ true interests of labor and business and iu~tIr
70 the debtor Resumption cannot be safely
lorcea- II must be the proper outgrow1h of
surrounding healthy conditions, or 1T Will DO.
nelthef beneficial nor permanent. Tie 4Ir
dener may cultivate and stimulate the Tree.
out IL Is the tree that produces the fruit. Nui
II may DO 1t without egotism. lot me ~tv that
was IN congress when the Legal-Geuder i.
was passed. voted against il. | believed no.
law unconstitutional and the policy unwi~-.
have never changed that opinion. liut in ~pI.
OF my efforts the policy was adopted, ani .-
came interwoyen with our system of iiulu
and trade. will seek all the good rlu a...
in it.
| would not abandon specie payment, ir.-
cause | thought it uuwi~e and = gru-~ Wr,u.
| to the creditor. | viii not rash rrrL..-~'1
back to specie payments over The prr-tr,'ipu
OF all business, and the utter ruin at the dr'dur
| specie payments are il means. npt AN tuti.
hhd no mystery, either in our condition "l a.
| Inc remedy. In lSGl, when the RrIUhlirIr-
came INTO power, they found gold lni -liN..
com the only GoNcrnncnt currrur, ami Do.
| only legal tender. A lew Government u,I0
| We're outstanding but only because thr, Ir.I
| nov been presented for payment l'uH -ub.
Treasury system WAS in full operation. Tr.
Democratic party had, after twenty wears -'fu.
| gle, established the system and hN.ti lt.4- fl..
| supposed, firmly The Government r.I, +
| and paid nothing hUl geld amt ,ll,cr ruIu.
| that lme the culn "urrrucl Vl~ our huu..
millions, and the paper currency i.~url 90,
| STATE banks was about four hundred su H...
| millions.
A Republican Congress PASSED tlls l. Yli.I .... .
| the Legal Tender act, and the \ltluuul I.lu.
| act. The effect WAS instantaneous. t,ttl al.I
| silver ceased 10 circulate. The obligation f.
| pay interest in COIN, ANA the demand t' p..
| customs dlIles IN COM made the Gut Uruut.n.
| The My purchaser for home u~c~ tuu ut'r 'rtI....
| The premium. The lnri,lls i-~u~ 40 prr.r
| bank notes, @rcrnblrl- certificate. nui u.i
| h"tts-'olhe bearing interest ,rut rpt. hW'
| SrrNlr9 II currency IN Que Wal cor H..,. ...l..
| titlel aN circulation. surplus. or uthrrNr. .I
the wear 1863, reached an enormous -iAi. i.,..
bN soilir authorize, Ia ir more than ~ I#u u.+.
900. The bonded debt ol the Government S..
then S2.j00,0O0,0U0. The ho.tiu. drlt u.-
| Sl,"v0,O ,O00,OO0. The taNeS Wcrr sruuuurt
| he whole south was opened "a 'u lh, ,.H
| rrhry, which had been confined tu thu N,r.h.
and West alone, and 200 900 II lyru ',h'. 10
soldiers, had been consumers, Wtfg frru.a
I" the irld of active production.
| me ERA OF CoNretyrIu>.
| Then commenced the Republican -,rlu.
| iilIanr+. II was PLAIN and simple ,nHr
! the and if Do
| crease the interest paving debit Ana !r."
that hour to this, with orc.I> ,onHI l,rj.l r-.r.
| there has been steady @rindue tvi,t a-iu.H ..
| the currency. Down, down IN, com, tht.f.
| rency; and down. down. down. also. i...
| come the prosperity and happiness ui rht. -,rl.
| try, and fortunes and credit pt Tire Wr.Ilu,
yigor and activity of enterprise the r.v .l
and comforts of the laborcr until now V,. ..-.
| confronted with Il condition ut Affairs VAu.N
YOU, my fellow citizens trcl too k,e-rllt ttIut..
| description necessary,
I The iron and coal of all ti- region uIu ulI
| no market. The supply lies heavy pH ''r
! hands. Your mines and mills are >lurr'-
! our capital is unprOductiNe. Your huidu-.
are going to decay. Your iaborcr> rnunuJ -.
| employment and are suffering. The rest ui llr.
| country i i'll the same condition. Last Vrra
| the famous Atlantic Cotton Mills, rmpiuyu-
| l,21O men and women. was closed, htr.il.-.
| there was no market tor their rpud~ and ulh.r-
| have followed their example.
| HE Cincinnati Gazette Of ihr".h -rIt " i!r -
| mess is very duh in New York iharr al.
| more empty stores on broadway tnlu hI.'
| been known for years past. tud rNru tHr tIl
| mlNsioncrS OF Emigration are suffering 'r.m
| the prevailing tupor Tine number "t yuI. tlf.
| who have arrived here durIuE thr n-'
| months is H0,5o6. falling on ui 3,.,'.- from fN
| corresponding period Of tt>t Nr..g- lu.A a.
| the property offered for -ua i,l. itSr- I I....
/ 90, 81. LouI, and Washington. lu-,ut i1..
| is more property for safe on execution A.. ii.
| Sherlf- of ohio than ever hrtut- .ui -.t..
| the two offers without bidder.
| The Republicans tell YOU in rnouuwp. ...
| this condition OF things that th"r'
| 700 lIt,u Np\l1.
| Do you believe it2 DO thr miu.l. a.l u0.
| ters and mill owners and luhprrr- oi I.tuf.u..
| County believe it: You hno,, better f..
! know better rhcy know q v,u,Hr.Uu- r.I.
| rcncy la. caused declining prizes lud -ta-u.u.
| business and loss Ut profits and rum~uWf f'..f.
OF the accunulatlons at fOrmHr Nc.i-~, fud tu..-
combined have made business uupruttlbit t1,-
Ill il has ceased, and have kept 1hur,a- ui
until they have starved. They tcH u- iuuIu
accumate> in the money rrntrr- and lU rH..
banks. Certainly; it accumulate hr,slu-,. Pr
llnds no employment. No business u~,'- o. 9.
| lS6,l-'-o when the currency Wa, tar eryi..
| business was active and the currrurv nrtNrs a.
cumulated. The supply of hav was s,:luf rll'
| the lrlshman thought lie would contract II.
! daily supply and Hccustom his horse --f, ,.t
| business ON one blade day. but. l- .,,,U 1
Ia, hal 4
w. -, . ,',,' ., ~ ~ 'uI' i'o'',' ''' "'''
i,ta} in ~ 'i', I LIN '''' & a..
I, t ~ iittr,, l,' 'IV''' ',''' l,'t'
| year ago at adherence ut ~ Irrr,ul.
/ l;i,""' :" l''i p WV ~, ~ WV
t .;li'" VI .H'"E 'W .''" ''
| Htutu I"I'u '"' 'i'H' 'H'' I'm, ol1 wac. "'.'
gold and paper to par; that his only uIl ,r-
ducc specie payments that. if urrre-.DIY. NJ
must sell bonds to buy gold tor lr-u .~u..
notes and silver for fractional curIou.s- ..-.
tlIuS reach specie payments through OH. -t
| greater prostrl- ION nt all bu-uc-- I.. r.
more ab, iutc drncs> of 1li Iaburrr~. fl. f
! greater poverty and -uIl,rm. ol g tl. .ulu
| trial clas>es and then, thry tell u-.
Will instantly oNiyc. and profits a. ..-...
and ltbor will be rewarded, aud -g..t.. ....
prrty rrturl.
! Congress has passed FL Law A,IliH f
soutoly that resumption will l1fr r.,. ~
January, ls.9, and 10 prcplrr for il h.- 1u'I..-
iled the Secretary of the lrca-ur, lu i..J.
gold bonds with gold interest to huy aoI Hu"
silver; and it is stated in the papr,- fIrf ID.