Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-10-26
A FINANCIAL. VIEW OF THE ELEc-
TrON.

There is one view Of the present cam
paign which has not received that attsn-
ton from voters TO which IL Is entitled.
Indeed. ii should DO considered the most
important element in u deliberations
on the Presidential election. We refer
TO the financial question. The safety
and prosperity OF n nation depends en-
tirsly on its credit at home and abroad.
without money no great country like
the American Republic can survive. and
without credit money cannot be had.
The immense wal debt which the Demo-
Gratis saddlsd upon NJ must be paid; 1t
can only be paid BY degrees. and to pay
IL our bonds must Be sold at such a hg-
ure that rs can continually meet the
interest and gradually liquidats the
principal. This proposition must be
apparent to the duIlsst comprehension.
Since the close Of the war. and under
the rule Of the Republican party. we
have had NO difficulty in disposing Of
our bonds, and always at a premium.
The avidity with which u last loan
Vas taken up. shows the confidence with
which u ability to pay is regarded.
Men do not invest in securities which
they do not believe to DO perfectly good;
they do NOT loan money unless they feel
perfectly sure that 1t will DO paid back
TO them again. What has given to our
securities such q value in the markets oil
tho worldr
The one fact that the Republican
party has held continued control OF the
country. 10 long asits power continued
capitalists. al home and abroad. felt per-
fsctly certain that Il would honorably
fulAll all its obligations. They felt per-
fectly certain that no Southern war
claims would be paid. no Southern war
ds5s assumed. They felt perfectly Ger.
tain that the u Of the nation
were amply sufficient to meet all obi
sstions. 30 long rs these conditions re-
manned. and therefore thsy were willing
TO advance their money ON our bonds at
q reasonable rate Of interest.
Now supposins the Republican party.
which has so ably and successfully man
aged our finances for sixteen years,
should be replaced by the Democrats on
the 7th Of November. What would Be
tho natural result The great bulk Of
our bonds are held in Europe. and Eu-
ropean bankers and capitalists are re-
markedly shrswd. They know that the
Democrats produced the war; and. II
again in power. might very possibly
incits another one. They know that
millions Of dollars Of Southern wal
claims are now pending in Congress,
which the Democrats. led by the nose,
u they are. BY b South. woaid III MI
probability allow. There Ia no more
faith in the party abroad than issre Is
at home. Europe would unload herself
on the Arst receipt Of the news. Our
bonds would return to Us In q psrfse,
food. and We venture to predict that on
the day after election gresnbacks would
b selling A. low n 75. We should
and ourselves in the midst oil another
financial panic. which would result In
the utter ruin Of u credit at homo ant
abroad.
These are serious facts, aud well worti
attention. Rich men and poor men arr
complaining bitterly Of hard tines. Dc
you want them hArderf II you do, sup
port tho Democratic ticket. Do yor
want the strinsency Of the money mar
ks, relieved and q revival OF business
Then vote for Hayes and Wheeler.