The Morning herald., 1877-11-05
THE TnUDOr CONFIsCATION.

THE THCDOE CONFlSCATlON.
This evening, at o'clock, in the larg
Court Room. on 9Th street, Philadelphi,
the Sheriff Of that county, will offer 70
sale 1873 pieces of Red Es.atel Bear i
mind to-dsys sale is only one Of tAs resu
lar monthly sales, which take place III
first Monday of every month there. Upo'
the first Monday in October. !, ,2l7 proper
ties were sold by Sheriff Wright. Their
are about l26, 900 houses in Philadelphia
hence if the same ratio Of sales were tt
continue for the ensuing year. about one
sixth part Of the great city Of Philadelphia
will be con6scated to creditors. From al
examination of the Dockets made yester
day, for our information, We think thai
there will be 1000 properties for sale or
the first Monday in December.
What does this mean ? Surely it results
from some radical defect in the regulation
of the finances Of the country. We have
frequently asserted in the HERALD, that
the. Resumption Act meant confscation,
and that the nearer We approached, the
period OF resumption, the harder would be
the times. and the greater strain upon the
debtor class. Is i. no. true?
Now, that the question is being debated
in Congress, We find petitions, and remon>
strances from New York and Boston capi-
talists; lobbies overAowing with borers for
what they call honest money-and against
the monetiaion of silver, as if silver
which was current when debts were crea ed,
is not hard and houess enough, to pay OBJ
legations made upon specie basis. Because
Germany has abolished silver currency,
having stolen enough gold by a rebber
hand. from France, to make it the sole
basis of exchange, it has decreased in
value; snd capitalists clamor to make the
debtor class alone bear the burden Of its
depreciation.
Has any one heard Of apeision from the
farming class-or from any one OF the l.
Mo, 600 Of Mechanics, male or female, in
'avor of resumption Not one, Their
instructive feeling Of IT'S horrid ininstioe
them.
This threat OF resumption has broken
he back Of industry. and were it not that
iod has blessed us with three great h ar
rests in succession, gold would be $50, and
'ur poverty and distress would be still
,rtater. Ave We to tempt Gods providence
gain?
Can any one sainssy the fact, that the
erribie frequency OF Sheriti's Sales. here
md elsewhere, is no; q reSul, OF the
hrinksse OF values by Lnwise legisla-
ion? Are millions TO be rendered house
ess and besears, TO please the hI,,ionists,
rho alone pnch, bv the disaster Of Il.
'eop,e9 /,
We hope We will Dot be accused. IS!
>uai. with attacking any one, when W.
amind the struggling debtors Of Delaware.
lat our Representative in Congress, v>;ed
it'll the Capitalists, il favor OF Resnnn-
Oh, lew DAYS ago. in the House. We
2um very much, whe:her in - doing,
non that question, hs is IN ac>2rA with !:
lie sentiments Of hiS constituents
The time is is, aprroalhine wLsr his
'o>s>>,- will ha nominated. aud !, ) 5
a;:er Q; right, iof the people 10 Know
ms;h;ns Of the -pinioas of tra3:ta'es
Hon his al imror;an: question OF FL
snce. Il condsca.ion is TO help The Eoiv
'.iuc resumption is the cur-:t or rt:-
: prefer it s. = curative sssc:, s>23 aud
ell. il not, :hen opinion should X ez- .
-ssss3. ma spoken il such :.sh;,r s. 10 !
7S-2;s Up22 :Ae nominating ro1vsaiis2.
L: L. G.,: sake, 4; -: >s3a;c-.. and .
ep:ess,,;a:.7s< help thsis g23: c:2,.i.u. .
-, who dread 'bs rhg1 q ne S4=,;a'< |
lm~s- =