The daily gazette., 1877-12-27

THE THREATS OF CAPIrALIsTs.-It
is quite evident the fools are not all
dead, otherwise no such threats would
be INDUCED as is contained in the fol-
lowing which we cut from the Washing
ton correspondence of the Baltimore
Sun:
"a gentleman just in Washington,
representing very large moneyed interests
in the East, says this is the general de-
termination of capitalists Of that section,
and that they will prefer to loan their
money at home at three per cent. if ne
cessary, or even send it abroad, rather
than trust it in the hands of people who
have such loose ideas of commercial and
business honor. The West, with all its
grand resources, would be LETT in pitia-
Die plight without capital to develop
them. For its own best interests it is
hoped that the reaction which has set in
on this subject will grow in strength
The workingmen of the West ought to
knowtby this time that if they get the
silver dollar for which they have been
clamoring they will not be able to buy
as much with it as with the dollar they
are now receiving. There would be no
objection IN any quarter to a silver dollar
which would al all times be worth its
face value"
Was ever such a state of affairs pre-
sented? The people had been robbed of
the right to establish banks through the
State governments; and now attempts
are being made to rob them of the right
guaranteed ia the Constitution of using
silver as money, in order that the bank
notes may be forced on them, and the
moneyed men Of the East, the bankers
and brokers, may continue the monopoly
VI money in gold.
Let these people keep their capital
and loan 1t where they please. The
people of the West and South would soor
grow rich il left TO themselves, to devise
means to aid their own industrial
works. 1t hes been too long an accusa.
ton against them that they did no
depend upon their own efforts, but went
East and North for all their implement,
OF husbahdry, wearing apparel and mucl
even Of the food which they eat, depend,
'7g almost entirely upon the culture o.
cotton in one locality aud grain il
the others If the South and West were
thrown on their own resources for two
or three years they would save enougl
capital from doing without many thing.
and mending up what they have to give
them coed start in bankirg. But il
the meantime what would the East anc
the North do without the products of tn,
South and the Nest-of what use woulc
their railroads be. These threats are tn,
etleryeseence Of angry fools. Already th
eXactlons OF capital is driving commerce
through the Mississippi to Europe, all,
nothing is more calculated to strengthen
the various European steamship enterpri
ses with the Southern seaports than sllcl
threats. The Bland bill will cure al
these crazy headed people and make tn
country prosper as it never did before.
The Tribune hopes that its Opponent
VIII number % and thus enable th
Presidents veto TO crush it after it passe
the Senate. But we do not believe ther
will be 10 votes square against it IN Tia
Senate. And as if to shut OF all hope
OF its defeat the President, it is said,
now beginning to consider whethe-
would be right to veto bill that has a
ready in effect received a two-thirC
vote in each House of Congress, when
is question whether the demonetizatio
OF silver or gold is not uDconstitutiona
-