Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1876-09-22
From Winthrop.
WINTHROP, September, 10 TIC.

ED. BULLETIN.-We were pleased tC
read the clear and evidently truthful state
ment of Mr.. Loomis, regarding the change
of official management of your postoffice,
The miasm OF malicious gossip had reach
ed even this distance, imputing to the
parties in the transaction, all sorts of cor
ruption and intrigue. The vindication of
the honor of public officials, when no
wrong exists, is a most unreasonable and
humiliating necessity. 1t shows how the
cry of corruption raised by partisan
press for purely selfish and party purposes,
may injure officers of the purest motives
and record. The entire capital of one
party consists in this charge of corrup-
ton, which implies the claim of superior
honesty on its own part. Does any one
think the average Democrat to be more
honorable than the average Republican?
Is the average Republican any less inter
ested as a tax payer in opposing official
plundering? Is the Republican party
something that its members cannot con-
troll? The last query is the only one
whose answer admits of possible question,
and fair review of the manner in which
it has furnished detected dishonesty in its
officers is all the evidences needed. An
other unfair and dangerous claim is that
imputing the cause of the present depres-
sion in business to the party in power
1t is unfair because it is untrue, and dan
gerous because it breeds the spirit Of COM
munistic anarchy We hear it stated that
the resumption act was the fatal move
which induced the coming of business
troubles, when the fact exists that the
crash came long before its passage. Our
greenback friends talk of the capitalists
crushing to powder the farmer and poor
laboring man, when every one ought to
know that capitalists were the first and
proportionally the chief sufferers by the
panic and crash Jay Cook & Co. were
followed by a long list of our ablest houses
III the downfall. The present hard times
are the ineyitable result of the operation
of great fundamental laws, unvarying in
their action, and relentless in the penalties
inflicted Legislation cannot create
wealth any more than it can control the
storms of winter. War produced an i'm
mense demand for products of all kinds,
ard to handle them, an increased amount
of currency was required. Speculation
of the widest character arose, and then
we had initiation all around. Greenbacks
became nearly worthless, and the specu-
lation mania soon exhausted itself. The
reaction was inevitable, for who will
claim that common muslin was ever worth
fifty cents per yard, or that railroad 60
ing no where would pay. Then grain
began to decline abroad, our cotton spec
ulation disappeared, all of which together
cuff Giant f, hr;nn n r,,iy, for
more terrible than that which followed,
had it not been for the firm honesty of
our government, which declared that our
promises must be met, and the national
credit maintained, should beggary and
starvation even follow There is no roy
al road to wealth for nation any more
than for an individual. Legislation nor
fine spun theory was ever able to make q
something out of nothing. Our green
back friends have the old perpetual motion
problem to demonstrate. The old we'll
tried road of economy and industry, is
the only road out of our difficulties, other
wise should the times get a little snug, all
that is needed would be to organize few
clubs, pass q relief bill and everything
would smile again. The diagnosis is
easy and the ctiology apparent, but alas,
the specific cannot be found. We are
now so near the solid bed rock of a sound
specie basis standard for our currency,
that CLEANS of brighter drys are becom-
ing visible. We need patience, courage,
and hope shutting our ears to those who
are weeping and wailing and crashing
their teeth" at imaginary injuries, and
who declare the country ruined in face of
the fact that our securities are grccdily
taken at low interest by foreign capitalists.
1t will be noticed that our object in this
writing Is not TO solve the great problem
of finding remedy, which the BULLETIN
well says has failed the great servants OF
finance, but to show that all this fine spun
theorizing search for such remedy, is an
tgnts .tatuus hunt. SHAKESPEARE.