Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1876-05-11
Democratic Disturbance of Public
Credit.
Washington City Republic.

CTG0lt.
Washington City Republic.
There is something inexpressibly sad
when a Confederate member of the Con-
federate House gravely rises in his place
to show his superlative ignorance of all
questions of finance and yet submit a
cruder, sillier theory than any he pre-
sumes to ridicule, and ridicule, too, under
the pretense of what he says as protect
ing ''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 to-
gether give the air of a political econo-
mist to those who utter them; but to men
who understand their import the effect is
melancholy farce.
Mr.. FELTON,, a Georgian, has recently
| been indulging in a financial strain, and
! adds another to the heap of political cob
blers who have gone beyond their last
He is therefore failure, and if Georgia,
or any other State, trusts him he Will
plunge it into deeper poverty. He has
| rushed into the fray at a point where
! wise men tread cautiously; but he tram
pies caution under foot and despises wis
dom. Mr.. FELTON, said:
''There is much said about financial
| questions. Every man has his theory of
finance. Intiationists, contractionist, re-
sumptionists are everywhere, and in all
political parties. L summit the
solution of these difficulties in part 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 time from
their natural functions, disturbed and
disarranged by unwise tinkering and i'm
polite intermeddling. : 1t is
amusing to hear some men discourse up
on the ease and practicability of resum-
ing specie payments at any given time
1t is the act of sovereignty they say, and
only requires the edict of the sovereign
| to accomplish the desired object. I have
read the story of Canute. You
remember that wise and YirtuOus mon
arch, (he had commanded the tide to re-
turn). Equally absurd, in my Judgment,
is it for Congress or the Executive, or fol-
boards of trade to fix the day or the year
when the country shall commence specie
, payments forgetting, as they do, that the
laws regulating trade and commerce, anC
I production, and specie and currency are
!. beyond and superior to their sovereign
; will; forgetting also that this country is
l weighted and pressed down with loaC
S of taxation and debt that renders it wei
!. nigh helples. We must remove or great
> ly Tighten these weights, ease this pres
ure of taxation, and let trade and indus
I dustry reassert themselves"
Does not Mr.. FELTON,, and all who help
II ed to lay the foundations of the Confed
1 crate States in the blood of patriots whC
defended the Union, know that the fnan
!, cial condition of the country is the direc
: result of the rebellion? There seems tx
, be studied determination among South
: / ern Democrats to ignore the rebellion
i and to condemn the Republican party fol
1 the noblest acts it performed, and which
will make it live in the grateful memory
n of posterity when rebels will be remem
/ T,o,ao To
, Southern States which were engaged il
j. the war contributed nothing to the sup
!, port of the Federal Government, bu
: | were the cause of enormous expenditure
" and vast debt. There would have beel
T no imitation and no ipfiationists if ther
70 had been no rebellion and no war; 10
l. there would have been no paper issue t.
= initiate. If Mr.. FELTON, and his colleague
~ are burdened in heart at the finaneia
u sefferings of the country, people wOnde
r where that sympathy was from 1850
4 1865, when its expression would hav
20 been of value and might have had re
straining power over deeds leveled agalns
~ the Republic for the purpose of its deE
7e truction. The Inconsistency of bemoan
,e ing commercial depression and fnaneis
- embarrassment from such a source doe
N" not seem to strike them; but it strike
ell others= and the opinion is widely entel
ed tanned that ex-COnfederate Democrats an
If Northern Democratic sympathizers a.
!, daring or defying public sentiment in tt
- hope of something turning up Of adyan
ne age to the Democratic party.
as One thing, however, must never be TO
On gotten-Democrats with Confederate syI
- pathies are always willing to put back Il
q" hands of Time. That any military Co
n federates are in the House of Represen
he atives is an anachonism, and proof
IS. ! what the struggle will be. Instead of b
"a ing overwhelmed with shame at the
20 crime, they all, parrot-like, bewail tt
II, national distress, of which they are pa
he j authors, and are willing to cOnfedera
he with the Northern Democracy of tt
- Bourbon stripe to prolong financi
Us troubles and destroy the public credi
en- Next to the suppression of the rebellio
tie the most glorious achievement of Repu
nv lican craftsmanship was the re-establis
y ment and building up of national credi
III Every Confederate proposition has bee
I'd. aimed at its destruction; and it will net
'or the united action of Republicans to pr
serve the national credit in its integrit
:, This can be done only by keeping on Il
'D- statute book the laws which the Repub
its can House enacted, and which prepar
bv the way for resumption in 1879. IL
he world has accepted Republican legisl
ton as a pledge, a guarantee of the n
Ky toms honor. And, indeed, where el
dy could the people look except to the i
of publican party? The world, in no sens
fol
iIO nivance at the rebellion on its outbref
od, 1t could not trust the unreconstruct
EN- Confederate Democrats; for if their p
nil riotism was shown when they fought
nc rupture the Union of the States and h
Ps,, der the cause of freedom and justi
S; what evidence could they produce tt
ver they would not pursue politically the
the cOmplishment of what they had soug
..II when beaten in the field? This, the
, III is the true position. The Republican p'
len ty is the only party the Nation and
mid world can trust. Its principles are thu
of civilized men everywhere. 1t upho
honor between nations and between m
and man, and will fulfill its pledg
while the Democratic party and
Southern Democracy have history VIII
renders trust in them impossible, beca1
dc they have failed to exhibit any otl
,Ia, craftsmanship than what is sectional q
vas partisan as opposed to what is demal
80 for the national welfare.
on ,,,..e.. 7e EIo5.Sor Tr,,I,,I-r,,, Anon,
so,