The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1877-07-20

water. Of course every body blamed
the goyernmeDt-theya always do il
such cases-Van Buren, went out unic
the popular exeeraLions and tie Wing.
took control. But the country had tc
go through the process anyhow. Brok
en- down men had TO get out of the
way; the wrecks we're cleared off, and
a new set of men took the managenent
of business. There is no help for il.
IL was the same in 1857-60, and it will
be the same now. The four years are
drawing to a close, and see abundant
Ieyidencethst the upbuilding has colu=
lmenced. The agricultural interest is
very prosperous. The farmers all
tbrought our section are in better fix
than ever before. You noted the
figures on the books of the Treasurer
of State Wei, it's the same every
where. Farmers pay up their taxes
and everything else more promptly than
ever before in Ohio. am surprised at
the report get from the manufactur-
ers that deal in agricultural imple-.
ments. They have sold ont their en-
tire stock on hand for cash, and do a
bigger cash business than ever before.
But when you come to railroads and
iron, that interest will necessarily lag
behind the others. The farmers are
the first out, and all others lnnsc follow
IN due ime.- Now IT. strikes me thai
with the great agricuftdlal population
OF Ohio already on better grounds and
I with positive certainty that fesamp-
| ton will not iDjurefAkIaeTs an io,a, il 5
a poor time to lower our standard and
scare the, weak brethren by promising
them long period of uncertainty.
Set it down for fact :: the farmers are
all right: the party of sound financial
principles will have a favorable hear
ing from them, and when we show
them. as we can show them, that re-
sumption will only steady prices and
not lessen them they will be with US.
S.-There is a loud cry that SO Inapy
are in debt. ~ ''''"
G.-When will there not be? Do
you expect to live to see the time when
fewer people will be in debt than now
lou never will. Intiation would era-
able some, perhaps many of the present
class to get out of debt, but as many
more would getin. No; I've discover
ed that those who want to initiate till
people get out of debt don's want to
resume at all.
S.-1ou have, perhaps, lead Judge
Lawreuce's platform ia the Gazette.
What do you think of itl ...r.l
G.-I see one serious objection; when
We begin to accumulate coin, before
we get two hundred millions III the
Treasury, you'll hear such a howl go
up all over this country against keep
ing that money idle. Every special
interest in the land would be alter that
coin. Forty devices would oe set Oh
foot with special view TO spending it.
Every successive election would turn
on it-every year the process of hoard
ing went on We should have to tigh5
the same battle over again. like Mr..
| Monroe's idea better-it is the same as
that of DILL | introduced in 1865
the English plan of 1919. And don't
see why we should not adopt such IL
plan now. We could begin to redeem
next year at 95 and go on slowly ia
creasing the rate. If people are posi-
tive that We need all the greenbacks
now out, why they need't present them
for resumption, that's all. And as to
silver money | Io objection to
Judge Vests proposition to have fifty
millions issued, and take more time
to consider it. This is the French sys-
TEN, though some of your Cincinnati
people are slow in finding it out. 1t is
true that silver is legal tender to any
amount in France, but i. is impossible
to get any desired amount. A great
many people are talking furiously
about the French system when they
have missed its most important feature
"a limited coinage. Look over the
rules which govern the Latin
Union, and see how very care
full they are to settle the amount
each other shall coin. Now shall We,
when one half of Europe limits the
coinage and the other half excludes
silver entirely-shall We rush in and
help them to unload their surplus sill
yer on US? | am enclined To thiuk
with Mr.. Halstead, that if the conl-
mercial nations retained silver, it
would maintain its ratio to gold. But
as a matter of tact they don't retain If,
and If wa adopt unlimited coinage We
simply agree to take all the silver
which all the rest of the world j.
throwing out. There is no help for it.
As things now stand, if the silver dol
lar were tender equal with gold, the
surplus from France, Italy, Swltzsr
land, and Belgium, and all that of
Germany and England not needed for
subsidiary coinage, would be marketed
here. 1t seems to Inc impossible to
maintain its ratio to gold under such
circums :ances. Cernuschi set this
forth very ably-the great apostle of
bi metallism after all disguised his
American allies by advocating a limi-
ted coin ,ge for the present-and ad-
vocated a sort of congress cf nations
to settle 1t. Yes, l am in favor Of the
French system of hi metallism, but,
mark you, L want it to be the Frerlch
system, and not system to make the
United States dumping ground for
England and Germany. AS far as l
have observed, we shall have the old
fight in new shade this year-finance,
and not the Hayes policy" to
great extent.
Swell, what do you think of thats
G-War measures must cease some
time, and when SO good a time as
when the war President went out of
office? The fact that we conquered
those States, and then reconstructed
them by military power familiarized
US with the idea of continued interfer-
ence in their affairs-an interference
we should not have tolerated for mo-
ment in this State. And yet those
States were in the Union, endowed
with State autonomy just as much as
Ohio. Interference had to stop, and
President Hayes selected the best
possible time to make the change.
S.-Some of the critics say there
was contract made by Matthews,
Foster & Co.
G.-Don't believe it. Evidence all
against it. No consideration existed
for such contract. President Grant
said, as early as the first week 10 Jan
uary: 81 have held up those govern
ments with the bayonet as long as
am going to. The people won't bear
it any longer. It's got to STOP" And
as to fillibusteiing, Ellis and Lis col
leagues were doing all they could to
aid in completing the count from the
very stars There never was a time
when they did mot oppose fi!ibustering.
We were on the brink of a fearful gulf, |
and as American citizens and patriots |
they labored earnestly for settlement
before there could have been any in
ducement offered them as partisans.
No, that story won't do. Our people |
have the highest confidence in Presi. !
dent Hayes.
In conclusion the General expressed |
himself very strongly against any Sen
atorial contest in advance of the eis G.
tion. Said he: "You can't too DOS |
itively condemn it. And l want it |
emphatically understood that the sup
posed Garfield movement before