The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1876-05-02
Democratic Disturbance oT pubiic
Credit.


From The Republic.
There is something inexpressibly sad
when Confederate member OF the
Confederate House gravely rises in
his place 10 show his superlatiye igno-
rance OF all questions of finance aud
yet submit cruder. sillier theory than
any he presumes to ridicule, and ridi-
cule. too. under the pretense Of what
hs says a. protecting "the good faith
OF the Government" This class of
men must either select their speeches
from the pages OF books on finance, or
have them provided by some who think
that certain words grouped together
give the air OF political economist 10
those who utter them; but to men who
understand their import the effort is a
melancholy farce.
Mr.. FELTON,, Of Georgia. has recent
ly been indulging in q financial strain,
and adds another to the heap OF politi.
cal cobblers who have gone beyond
their last. He is therefore failure,
and IL Georgia or any other State,
trusts him he will plunge it into deep
er poverty. He hos rushed into the
fray at point where wise men tread
cautiously; but he tramples caution
under foot aud despises. Mr.. FELTON,
said:
There is much said upon financial
questions. Every man has his theory
Of finance. Inhationists, contration-
lists, resumptionists are everywhers,
and all political parties. 1
submit, the solution OF these difiicul-
ties in part is to be found in curtailing
expenses. There are certain
great commercial and industrial laws
above and outside OF the Legislative
control. Sometimes these laws may
be modified. diverted for n time from
their natural functions, disturbed and
disarranged by unwise tinkoring and
impolitical intermeddling. Ii Is
amusing TO hear some men discourse
upon the ease aud practicablility OF re-
suming specie payments at any given
time. IL is the act Of sovereignty they
say, ond only requires the edict OF the
sovereign TO accomplish the desired
object. have read the story OF Cam
ute. You remember that wise
and virtuous monarch, The had COM
manded the tide TO retnrn.) Equally
absurd, in my judgment, is II for Con-
gress or the Executive, or for boards
Of trade 10 fix the day or the year when
the country shall commence specie
payments: forgetting, as they do. that
the laws regulating trade and com.
merce, and production, and specie and
currency ore beyond and superior to
their sovereign will; forgetting also
that this country is weighted and press
ell down with load OF taxation and
debt that renders it well nigh helpless.
We must remove or greatly tighten
these weights, case this pressure OF
taxation, and let trade and industry re-
assert themselves.
Does not Mr.. FELTON,. and all who
help TO lay the foundations of the Con
federate States in the blood OF patriots
who defended the Union, know that
the financial condition OF the country
il the direct result OF the rebellion2
There seems TO be studied determin.
alton among Southern Democrats TO
ignore the rebellion. and 30 condemn
I the Republican party for the noblest
acts ID performed, aud which will make
! il live in the grateful memory OF pos
terity when rebels will he remembered
only a. examples 10 avoid. The South
ern States which we're engaged in the
war contributed nothing to- the support
OF the Federal Government, but were
/ the cause of enormous expenditures
aud q vast debt. There would have
been no tufation snd no iuhstiouists il
there had been no rebellion aud nd
war: for there would have been no pa
per issue 10 iufiste. II Mr.. FELTON, and
his colleagues are burdened in heart al
the financial sufierings Of the country,
people wonder where that sympathy
was from 1850 to 1855, when its erpres
sion would have been Of value anc
might have had n restraining power
over deeds leveled against the Repub
lie for the purpose Of its destruction
The Inconsistency OF bemoaning com
mercial depression and financial embar
rsssment from such source does no
seem 10 strike them; but IL strikes 9th
crs; and tie opinion is widely enter
tanned that sx-Confederate Democrat
aud Northern Democratic sympathizer
are daring or defying public ssutimen
in the hope OF something turning al
Of advantage to the Democratic party
One thing, however, must never b