Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1876-03-31

10 let little matter Of $500 sand in the way trade"
Remedy, mure money! Then handful Of beet cost
basket full OF dollars and a god~Aellar was worth
S25oO in paper. Finally society rsapsed into barter
aud the doctor sent TO his friend for"ten to twenty
visits worth " corn" Yet there are men VINO PEE
Tend 70 know where initiation ends The world
knows Nowhere but in the gulf Of repudiationl
NEARER THE vRRaR OF THE CATARACT.
Toward that fatal principle we have been drifting
world to teach where the rapids OF imitation end men
are found to propose that shall take the risk plunge
over Ma lara, aud trust that American law OF
grsyitatiOn viii make US fall up, aud not down. In
those rapids already, II wait for the country to
grow up to specie paymenIs we go straight into the
guilt Every hour that we tolerate Aucuating cur
rency crppes industry stl farther, lessons our power
TO pay our deb aud takes us nearer the verge OF the
cataract lnhaiinn can only hurry US onward. Ma
tonal honor is but the honor Of individuals Debtors
who want initiation to-day escape part Of their hon
est debs, Will want general reputation to-
morrow, to escape the whole. Ignorant men,
ugI eys 70 py ae@Siosuss s M taey are, are mot re;
that more money brings M relief aud light the torch
Tor the destruction OF property, CAPITAL, alarmed al
ready AZ the hrst step toward imitation, will fly as
from pesence. Then will come such a cosing OF
banks, calling in of loans and foreclosure OF mort
Cages as this country has yet No other ma
tUn will have The chance repudate So 5G5 0OO
600 as France did. Money has grown wary It knows
that the men who camor Tor inaaion mean "Ths
Devil take foremost aud protects itself that the
devil takes the hindmnst. The rich grow richer
Labor bears the loss But there is one other and still
more dangerous element Men who gave the best
years of lille to 10 t saw their Dag furled
and their debt dishonored forgive the victorious
Not all, by any means, thank Heavenl But human
| nature is weak, and there many. Do you think
lhey ike 70 pay taxes TO those who trusted the Union
| in its hour Of danger? How many | have heard
say: "Our debt aud money went; yours will CO.
Then will start even" How is il that nearly every
Democratic paper at the South is for imitation? How
is 1t that your Peace Democrats, who thought the war
failure, aud the greenbacks unconstitutional, are
| now the loudest to demand Of them2 Men who
| wanted the Union 10 fail aud prophesed that its
pledges would be worthless, are striving to make their
predictions goo0. Aud Governor Allen, standing on
platform which demands population, says that Re-
publicsns only speak of it. BE not ashamed of the
wOrd, Governor. sl tell you, SIR the thing itself
is manly compared with these tricks 10 make il iney-
| table
| LEARN SWIM, BUT DON'T GO NEAR THE WATER
pass lightly the fasehoods and foes of that plat
form. The disaster was caused not by contraction
made by the Republican party, but by the i've years
OF continuous initiation. Since came and in spite OF
both parties the laws of trade have caused the only
contraction in seven years. The Republican party
have not proposed further contraction Its action
defective because it provides no adequate means for
reaching specie and allows trade udate or contract
at pleasure 1t is folly to ask Congress to make and
Keep the volume Of currency equal to the wants Of
trade" Congress would have to remain in perpetual
session, and pass a new currency every day, and
! then would fail No man knows, no Con-
| the National Board of Trade among all It's
| picked business men, has not a member VINO knows
Translated into English, the resolution means
| to assure every bankrupt that the nation will paw
mis- debts and every poor labOTer that it Will issue TO
| him two acres and mule. Industry can not really
revive before 1t has a solid foundation Of honest
money. The idea is worthy Of the father who told
| his boy TO learn to swim, out warned him to go
near any water. Were it possible, to needessy pro-
tract for years the disorder uncertainty and change
OF prices incident to resumption, me as cruel
and silly as to spend ten years in pulling a tooth
Finally Congress has not proposed to reduce the legal
tenders below $500 00O 600 in any case but the Demo-
crats say that aboishng them Congress increases
the power Of a dangerous bank monopoly. Evidently
this is stray piece of party furniture picked up by
some political Mrs Toodles, in the idea that the
Republicans should do such thing, the resolution
would be $50 handy to have in the house" The Re-
publieans have wiped out all tho monopoly features
I nT tha hau avafap hu,Lr
circulation by the millions, and the resolution is about
as useful as big brass doorpate with another mans
| These are mere follies. Look now at the crimesr
The men who declared legal tenders unconstitutional
IN war now propose TO issue $3.50 900 of them
| in peace. They want to repudiate the notes. Thev
begin by blunt, bald repudiaton of the contract
which gives them value; a solemn pledge that the
amount should never be increased. The bank eireu-
lailon can be retired, II wish without issuing e-
gal tenders or drawing more of capital from IN
dustry by forcing immense sale of bonds at low
rates But safe honest way suits those who want
more legal tenders as the beginning of repudiation
S400, 100000 of United states bonds now held as se
curlty Tor notes Is this Ignorance, the intent 10
bOndhoders? What method more could be con-
ceived? Why are they hated2 because they trusted
the Union when Peace Democrats were trying to de-
| strUy it,
ANOTHER DIRECT REPUTATION.
| Finally, it is proposed to receive half the custom
duties in paper This is second direct reputation
o. cos'raes with public creditors The act OF Fehru-
That all duties on imports shall be paid in coin,
F" and the coin so paid shall be set anart os a
special tuBd, and shall be applied follows:
81. To the payment in coin OF the interest on the
bonds aud notes of the United States
- To the purchase payment of per cent of the
entire debt OF the United states, to be made within
each hsca year after the LIST day of July 1862 which
Is TO he set apart as sinking fund and the interest of
which shall in like manner be applied to the purcbase
or payment OF the public debt the Secretary of the
| Treasury shall from time TO time direct.
SO The residue thereof shall be paid into the Treas
! ury Of the United States"
over s,5OO,o 900 of outstanding bonds have been
issued since this act was passed, under its solemn
pledge of the public faith that Interest and princinla
should thus he protected by collection of duties in
CON- ana the creation OF sinking fund. Democrats
may care little enough fur the honor OF the
may have hatred enough for those who saved lie
Union TO repudiate this pledge. No other party am
sure, will so disgrace Itself
know that many Democrats will say, "We do not
indOrse these infamous proposals." Then vote theur
down now. Strengthen these repud atOrs by a yieorv
and they dictate the of your party The maior
ity OF people in either party are not dishonest That
is not the danger in this country The danger Is thnt
men follow parties 50 long and blindv right or wrong
mat polite ans come to believe the people knaves
language of resolution. ii this were inc worst we
might hope mat the party would prove wiser than its
leaders or more honest than its professions But no
sane man can mistake the spirit which is behind this
Platform. IL is declaration OF war-war upon the
savings saving 9i labor war upon those who trusted the
! Unlon. IL comes from the very men who would not
vote man nor dollar in i6Gi who ressied the draft
IN 1865 VINO called ior cessation OF hostiites'' in
lst4, ana VINO demanded in 1865 payment of bonds in
dollars then worth only 90 cents which their success
| would have made worth less than thirty. You, here
In Ohio buried them under 40 900 majority and gold
fell from 100 to IS2. To-day their defeat means return
to prosperity their victory, bankruptcy aud repudia-
ton.
THE EXAMPLE OF CALIFORNIA.
On the Pacific shore sits California, untouched bv
your disasters Her labor is paid in gold. Her ports
| are crowded with ships. Her wheat travels twenty
thousand miles 10 push Western gram from the mar
kets Her manufactures growing, with marvellous
Iapl.hy, for solid money and low prices are tariff i'm
her favor against the greeuhack goods OF the East
Watch the travel thher. Tine earnings of the Union
Pacific increase $500 900 in 1874 and $500 900 more in
the first six months Of 1875 See the trains crowded
with workers, flying from the stagnation OF the Eas
70 the life and progress Of the Pacific coast az but
California produces gold" Very we'll, 20 TO the Bank
Of France in It's vaults i5 900 900 of gold Over
100000 produced by mines OF thesu United States
| we have exported within ive years. Why, when
we need it? Because France has suffered ter
rbly, aud has learned wisdom. Her lesson
was worth all IL cost. The French peo-
pie have learned that man who rails at capital and
interest, and rants about money, Is an enemy OF
society, above all OF labor. Frustrated as no ohe
nation ever by war, France had the folly TO
be Frustrated sec nd time, this land mas been by
u yaiueless currency II did leave It's industry for