The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-05-21

prices IN gold ana III every H'llol "
this great State did we see evidences OF
thrift and growing wealth, The same
prosperity was visible in every state Of
Tho Union. Railroads were being built
in nearly all the states the fires IN
furnaces never went down factories
were run 20 their utmost capacities,
and nowhere and in no depart
ment was labor or capital idle
where real wealth to the native was be-
ing made. But alas what q change
and the contrast with to-day All rail
road building is now stopped The fires
in furnaces are banked, factories are
closed, and tho sturdy, stalwart and
honest lnborer Of few years past il but
the dreaded tramp of today Why NIl
this changer There is certainly some
good reason for it. We know that it Is
not because the people want confidence
IN our paper money, these idle laboicrs
would GLADLY accept II for wages were
employment offered them We all take
It readily for dues Of every kind owing
to Us, and, in fact, have seemingly moro
confidence in it than the government
which made it, for they do refuse to
take II for certain debts they impose
upon the people scared only by the
the ghost of broker IN Wall street,
perhaps the Presidents rag baby
The hardness ar stringcncy OF the times
then is not traccablc TO lack Of conf
denco in our currency, neither Is 1t due
to too great amount of currency, be
cause we had as great an amount of
money directly after the war and in the
midst OF our greatest prosperity MS we
have to.day. We know that it is not
for the want of sufficient money in the
Government, because our monldd cen
tres are to-day filed to gluttonness
with money at low rates of interest, but
upon very high securities. Our seven
hundred and fifty millions of paper
money has helped to swell those accu.
mutations. But this state of things is
due directly to the fact that our money
is idle, nou-productive and is in no man
ncr assisting in the productions of actual
or ronl wealth to the nation labor, hard
manual labor, unassisted and alone,
is left to solve the specie pay
mcnt problem and to pay the
public debt. The money if once made
strong by combining or adding three
dollars in paper to one of coin, isplaced
as a weight upon the shoulders of the
laborer, instead of being made help or
colaborer with him, And, venture
the assertion, that we, in the United
States are not increasing our wealth TO
day, rs much MS two per ccntum per
annum. All real wealth Is the product
of labor, and either directly or indi-
rectly proceeds from mother earth and
IL money is properly used in fostering
and encouraging that labor whether OF
the farm, the factory, the furnace, the
mine, the canal or the railroad, il be
comes % co,worker with labor in its pro
duction of wealth, and il anything more
powerful than labor; these two agents
combined bring about general prosperity
of course.
If all the paper money of this coun-
try could be thus used, it could be
made blessing instead of curse. We
have plenty of territory undevelopcd in
which to employ it, and by such EN-.
ployment in very few years, these
vast sums of paper dollars, will each
be worth dollar in gold We will re-
turn to specie payment when we have
acquired sufficient money to pay our
debts or to give undoubtcd confidence
in our credit by the other nations of the
earth All this can best be done by
turning the balance of trade in our
favor. labor can accomplish this, and
money is labor but by unwise legisla.
ton and total disregard of all natural
laws, our legislators have diverted money
ifomits natural channel, and almost en-
tirely destroyed il as producing agent,
The question then naturally presents
itself, wherein Is the evil, and how has
it been brought about The first orig.
inal cause lies in our tariff system The
States of the West and South pay
TO the States OF the East or the mann.
iacturers therein, facetiously called the
governments infants, duty of from
to ffty-two per cent upon
the principal articles consumed by far
mers. This they have done until, as
statistics conclusively prove, the wealth
of the country formerly preponderating
IN the West and South has been trans
erred to the States Of the East. IL la
beloved in the footsteps Of the proph-
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