The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1876-02-24
Tho Radical. and Resumption.

hf9umpt1Ous
Is it not little amusing to witness
the earnestness with which many q
the Radical papers are advocating the
repeal of the ShaeAan Rssumpdon
Act which was ps6sed by ytheir party
friends in Congress bud ttekmore
than year ago, and which last fall
they boldly aud defantly declared to
be the "ssttied policy" of their party?
1t can hardly have been forgotten so
soon how bitterly they denounced the
Democracy of Ohio as '.repudiators'
aud hcaped all manner Of opprobrions
cpithets upon our party for daring to
call in question the wisdom of their
financial policy, Who would have
even imagined that such marked
change would, at go early day, have
como DER the spirit OF their golden
dreams. But it is even so. They don't
| find the business of resumption TO be
altogether the thing g their funcy
I painted it," and thousands of those
! who followed blindly their designing
political leaders aud voted in tine in.
teresf of the favored, privileged few,
now fnd themselves in the ditch and
are doing works meet for repentance in
getting up petitions and pitcously i'm
| ploring Congress TO lift the load that
is expressing the people, by repeating
the Resumption Act. What has
brought about this sudden change?
Whence comes. all at once, the new
light that has illumined their mental
visions? Was it not as apparent all
through the canvass last fall that the
country was groaning under an accu-
muIaIion of woes, the direct result of
the Radical financial policy? Were
not our merchants then, as now, clos
ing their doors and consigning their
effects to the care of sheriffs9 Did
not manufacturers then stop their ma
chinery and discharge their hands?
And then, as now, did not thousands
Of laberers 60 abont the country beg
ging for something to do to enable
them to earn bread, clothing and shell
ter for themselves and families? Aye,
indeed these things were then as pa
tent a. now. But i'm their blind ln
fstuation and party zeal they dreamed
of the day near at hand when they
would hear the music of the money
that jingles" They have now discov-
cred that those fair promises were '''
..AIl neeting show
To mans delusion given,"l '-iaf :
The path of interest and duty was
| as plain then as to-day, and If those
Republicans who are now begging and
impIoring Congress for relief from the
robber system Of Radical finance had
done their duty at the polls in Ohio
and Pennsylvania last fall, voice
would have gone up 10 the national
capital so potential that the peoples
servants, of no party, would fora mo-
ment have dared to disregard it. The
evils which these men are now beg
ging their servants to remove are of
their own begetting. and they are en-
titled to no sympathy from those who
for many years have been struggling
to avoid them. But it is hopeful
sign to see that these men have so far
recovered their mental vision as TO be
able 10 discover the grand error they
committed; and every one who de-
sires that the country may bs deliver
ed from its present bondage.and hopes
Tor the dawuing OF a brighter and
more prosperous day, will hope that
the prayers of these eleventh-hour
converts may be needed, and that
quickly. #
The New York Board OF Trade and specie
Resumption
A few days ago petition was pre-
sented in the L. s. Senate. from the
Board of Trade OF New York City,
praying for the repeal OF the Resump-
ton act, which Senator Sherman and
his followers said: was the "settled
policy Of the Republican party, from
which there could be no steps back
ward" The people in all sections OF
the country are getting light upon this
subject. and don't seem to he ss much
Infatuated with the syren song Of the
Radical politicians about 'honest
money" as many of them were uring
the Ohio campaign last fall. This is
what the Board of Trade have 10 say
about that pet measure Of the Radical
party: r46 vs,s 4sc+se. 80 81
"Your memoralists have been forced
to the conclusion that the legislation
Of last winter has operated unfortun-
ately as respects the revival of our
commercial activity; and that the ex-
istence of these laws upon the Statute
Books, is to-day q hindrance and not
q help TO the restoration of confidence
so greatly needed. The existing stat
ute providing resumption on given
day is q standing menace 8gaint all
business enterprise, all undertakings
involving the use of money. TO all |
business men it has the same signifi- |
canoe as had the red flag in front OF
the LOGON olive to its engineer. "Dan- |
ger ahead put on the brakes !" Under |
the paralyziug fear engenjered by this |
menacing danger, credit and conf |
dence, the Indispensable accempan-
iments of healthy and profitable indus
try, wili,sink into still narrower limits.
and all our material interests will be |
still further depressed and when the /
appointed day for resumption arrives |
we shall find ourselves less prepared |
in every respect to cOnsumate it than |
we are to- day. We should have less
Of confidence and less of coin, and that t
coin bearing a higher premium than |
ii does now. Every intelligent finan- /
cier feels that it w ouId be unsafe to at
tempt a resumption unless our Gov |
ernment held in its vaults reserve in
gold amounting TO at least one hum
dred anu fifty million dollars. Many /
doubt if even this amount would be