The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1877-08-24

their lessons TO the building up OF cor
. rect knowledge and the formation Of al
, enlightened public sentiment in regar,
to the operations of our industries, it cal
be made powerfully Instruments
through these in the repression of dis
content, without turbulence on the on
hand, or the employment of force on tn
other. | am unwilling 10 believe tina
American labor is incapable of bein
influenced by considerations of reaso
and justice-thatit it can only be controlle
By the law of force. With capital, O
the investment Of capital, it has no con
flict-can have none. Satisfy it by re
liable information that its condition re
suits from causes and circumstance
incapable of being controlled. and is tn
best that these circumstances can rea
sonably afford, and il viii acquiesce il
TIE situation. If, ON the other hand, it
condition result from causes which ma,
be controlled, andis not such as reason
ably might and ought to be made; if i
arises, as is sometimes the case in th,
operation of our great ruiiway system
from proflgate mismanagement, from
the reduction of income by reckles
competition, from the absorption o
earnings by extravagant official salaries
from liberal restriction, or Oppressive
commercial exactions, or from any 9th
er unjust cause alike injurious to the
capital invested and the labor it employs
let a just-minded and generous people
become satisfied of these facts-satisiied
that their highest interests are endan-
gered, that their material prosperity is
jeopardized, and their institutions i'm.
perilled BY the existence and operation
of such causes, and the influence of an
enlightened, oyerpowering public opin-
ion will compel their correction; will
prevent turbulence by repressing these
causes of discomfort will not await Its
outbreak to be beaten down by arms.
To the formation and enlightenment of
such opinion, and in the suggestion OF
peaceful methods for the correction of
evils, the bureau can be made an efiici-
ent instrumentality. The method of
compensation have ventured to suggest
may or may not be approved; it will
not, if one better be brought forward.
Be this as it may, the mighty interests
involved cannot afford to be Indifferent.
Labor cannot afford it capital cannot
afford it; social order and public liberty
cannot affort it. l know the hazard of
venturing upon the untried. Conserva
tism still moves in old ruts and is con
tent. Progress rises to the height of
new occasions. Republicanism is pro-
gress, ever struggling to advance man
kind to places of higher development
and security To this end not to en-
danger but to secure,-not to change, but
to protect not to blend, but to harmo-
nize, the rights of labor and the rights
of capital on the bases ofimpartial justice
to both-it now grapples with the great
issue growing out of their collisions, and
seeks by peaceful methods to provide
against their recurrence.
Labor and capital, neither of which
can prosper unless nourished and fed by
the other, shall they be enemies and not
friends? 1t is most unnatural. AS to
Republicanism was given the honor of
lifting capital and labor to the common
plane of impartial freedom and univer-
sal manhood, so may to it be given the
honor of witnessing these twin coursers,
harnessed to the car of progress, their
ensign not of Communism, but of Con-
cord, bearing the emblem, not of cross
swords but of clenched hands, together
mount to the higher plane of impartial
justice and mutual prosperity, where,
while capital receives its remuneration,
labor shall not be denied its just reward.
CURRENCY AND RESUMPTION.
Clos.I Iy allied to our commercial
and Unjust r.al interests, and upon
which they largely depend, is the sub
ject of currency and specie resump-
ton. The Cleveland Convention re-
affirmed the declaration of the Ma
tional platform, that the Govern
ment having assumed to remove any
doubts of its p ,rpose to discharge all
Just obi. ations TO public creditors,
and solonnly pledged its faith to make
provision at the earliest practicable
period for the redemption of the
United States notes in coin, CONNER
cial prosperity, public morals, and Ma
tional credit demand that the promise
be fulfilled by continuous and steady
progress to spacie paymen :"
To this declaration the Republican
party, not only of Ohio, but of the
Nation, stands committed. Ii must be
fulfilled. The war debt of the Nation
is legacy only less sacred than the
soldiers pension. He who, in the dark
days of his country's peril. risked h $
fortune in its defense, trusting for re-
imbursement to the chances OF the
military chess Co ird, merits the obi
CATION of gratitude second only to him
who imperilled life. 1t is alike the
debt of honor and stipulation. The
Government having originally pledged
reimbursement in coin, pnblic credit,
the National faith. c4nuot afford to
dishonor the obligation.
The desire to equalize the values and
purchasing power of the coin and pa
per dollar is practically universal Ali
financial theories and political parties
profess to have this object in view
The substantial difference between
them is in the time and metLod of
reaching it, When they shall become
interconvertible at pleasure, the de
sired result will have been aecompli Ia
ed. How shall this be brought about
with the least possible detriment 20 ex
isting rights and interests!
In considering any method, the var
ious interests involved must be kept
steadily view. The money of com-
merce is the measures of values All
Indebtedness is contracted with ref
erence to the kind Of money which at
the time is the measure of value, and
in which payment is expected to be
made. Values may change, the pur-
chasing power of current money may