The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1878-02-16
AMERICAN VS.. FRENCH FINANCIAL
p1ttcY

fOkt1fs
The whole debt of the United States
bears but pigmy resemblance to tina. in
CURED by France during the late war,
and the fearful indemnity of one thou
sand millions exacted by the VIC
/ torious Prussisns aud promptly raid
( by the defeated French. There IS a
lesson here which, ifit were wellleafned
and honestly applied. would get as out
of all our troubles, and restore the
country to its wonted prosperity. while a
financial measure was pending in oon-
| gress, or an idea of finance was penetra>
I ting the bony brain iefenses Of our
/ dabbler- At Washington.
Our government gives Us one kind of
money for the poor. and another for the
rich. The line between their interests
/ Is clearly drawn, and the breach beiw cen
is carefully widensd by every known
expedieht The non bondholders OF the
I United States are vastly IN the majority,
and ours being government of maioF
tiles the folly OF such course is sppareni
/ upon reflection Nslloasl credit and
future advantage are glutering pos>
fzaibliities to the man whom the
nteresL in gold, on his bonds
Is sufficient to furnish an ample
revenue, but to him who contemplates
them from the ditch or from the hosels
of poverty to the music of the cries Of
.bis distressed children fer bread, even
John sherman must acknowledge, that
patriotic devotion 10 the interests OF the
ooudhuider and the unimPairCd nstion-
al faith, is next to impossible.
The government Of France is wiser
than ours They placed their deb,
among her own people When laan
was necessary 10 meet the first install
nenl Of the enormous indemnity, she
called ia her securities. issu4d her bouds
in denominations of S21, aud asked her
poor. the men who had braYely but in
eiieotually fronted the Zoe On the field
OF battle. 10 loan her an hundred francs
10 purchase that immunity from his
hated presence which aras had failed to
secure. The loan was promptly plas assea
not only that, but the difficulty Vas TO
make fair distribution of it, so thaj all
who applied for the rentes could be sc-
oomnIodated. The bone and sinew
Of France hold her evidences
of Indebtedness, and the careful
mo:hsrland honestly pays the
interest to her trusting children Here
the exact reverse is true The bonds
are Issued in such denominations de-
signedly as that none but the rich can
invest IN the securities OF the govern
ment. and the onsequenee is that they
alone can keep up the standard, and
the poor look only to rspudiation for
relief This species OF coarse favorit
ism aud destructive distinction, the
policy Of Wall street, is working out its
own fearful results, slowly, distressing
ly surely.
The productive possibilities Of France
bear no sort of comparison with
those Of this country. As yet We
produce the simple necessities OF llfei
with better margins of profit than she
does only the suPeffluities. Our pro-
ductions force market while she must
court one for hers, and this at = time
OF general distress, war and distrust.
indicates the better policy pursued by
her government and the broader grasp
Of her statesmsnship. NotwithstAnd-
ing the tremendous mistakes and
terrible faults of her ru iers.
the patriotism of the masses OF
Fienchmen is kept alive by this
thoughtful and intelligent care of their
interests, and notwithstanding ner
countless revolutions and e9aps a std,,
notwithstanding the Prussiau eagles
lately glanced through the streets OF
her capital, and showed their presence
-in nearly every city and every depart
meut of her wide domain, yet she
stands TO day the peer of Prussia, by
reason of the devoted pstriotisIn OF
her common people, aud the enlighten,
Ell statesmanship Of those to whom she,
in that dark hour OF her defeat, COM
mitted her destinies
| Let our government cali in her b3nds
and replace them by another set. in
snch denominations as the people can
lake theua, ard ask the farmers,
mechanics aud traders OF the union to
share in Der F'-ks--as well as profits,
and very suon repadiaIion will b=come
only an ugly dream of the past and
distress be driven from The land.